Leland J And Dorothy H Olson Charitable Fountation
- Assets
- $59.5m
- Revenue
- $8.0m
- Investments
- $58.9m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1992
- Data as of
- 12/2021
- 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 12/2021, Leland J And Dorothy H Olson Charitable Fountation generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 38.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 540 individual grants totaling $45,411,747. 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 | |
Christian Olson Vice President | 2 | $0 | |
Kendra Swanson Secretary | 2 | $0 | |
Nancy Olson Treasurer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christian Olson | 12/30/17 | $19,750 |
Catherine Olson | 12/30/17 | $4,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126 |
| Dividends & Interest | $652,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,383,511 |
| Capital Gain Net Income | $7,383,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,036,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350,810 |
| Total operating and administrative expenses | $424,611 |
| Contributions, gifts, grants paid | $7,730,974 |
| Total expenses and disbursements | $8,155,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,339 |
| 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 | $16,943,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,544,198 |
| 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 $7,730,974 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: AGREEMENT TO NEBRASKA YOUTH JUSTICE INITIATIVE FOR 2021 | $1,000,000 |
Omaha, NE PURPOSE: GRANT AGREEMENT TO OMAHA PUBLIC SCHOOLS FOUNDATION FOR 2021 | $700,000 |
Omaha, NE PURPOSE: COMPLETE CAPITAL CAMPAIGN AND QUALIFY FOR MATCHING FUNDS | $275,000 |
ABIDE OMAHA PURPOSE: BUILDING SAFER NEIGHBORHOODS, STRONGER FAMILIES, & EMERGING LEADERS | $260,000 |
Omaha, NE PURPOSE: OPERATION OF CK26 | $150,000 |
BIKE WORKS PURPOSE: GENERAL FUNDS | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
Charles Schwab Corporation Foundation Lone Tree, CO | $19,264,373 | $12,956,371 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |