Leland J And Dorothy H Olson Charitable Fountation
- Assets
- $49.5m
- Revenue
- $3.9m
- Investments
- $49.0m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1992
- Data as of
- 12/2023
- EIN
- 47-0748772
Organization Overview
Leland J And Dorothy H Olson Charitable Fountation is located in Omaha, NE. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leland J And Dorothy H Olson Charitable Fountation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Leland J And Dorothy H Olson Charitable Fountation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leland J And Dorothy H Olson Charitable Fountation has awarded 630 individual grants totaling $53,843,408. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Olson Chairman Of The Board/pres | 3 | $0 | |
Karen Olson Vice President | 1 | $0 | |
Nancy Olson Treasurer | 3 | $0 | |
Christian Olson Vice President | 2 | $0 | |
Kendra Swanson Secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catherine Olson | 12/30/17 | $4,325 |
Christian Olson | 12/30/17 | $19,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193,232 |
| Dividends & Interest | $461,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,260,132 |
| Capital Gain Net Income | $3,260,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,914,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $380,437 |
| Total operating and administrative expenses | $500,849 |
| Contributions, gifts, grants paid | $10,163,879 |
| Total expenses and disbursements | $10,664,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $487,597 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,803,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,476,239 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Leland J And Dorothy H Olson Charitable Fountation has awarded $10,163,879 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
APPLIED INFORMATION MANAGEMENT PURPOSE: ACCREDITED ACCELERATED TECH TRAINING (AATT) | $16,000 |
100 BLACK MEN PURPOSE: LEADERSHIP MENTORING PROGRAM | $20,000 |
ABIDE OMAHA PURPOSE: BUILDING SAFER NEIGHBORHOODS, STRONGER FAMILIES, & EMERGING LEADERS | $35,000 |
ARROWHEAD RANCH FOUNDATION PURPOSE: GENERAL FUNDS | $35,000 |
BIG BROTHERS BIG SISTER OF MIDLANDS PURPOSE: GENERAL FUNDS | $35,000 |
ASSITANCE LEAGUE OF OMAHA PURPOSE: OPERATION SCHOOL BELL | $35,000 |