Olson Borthers Family Foundation
- Assets
- $821.7k
- Revenue
- $622.0
- Investments
- $817.0k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 47-0841132
Organization Overview
Olson Borthers Family Foundation is located in Hastings, NE. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olson Borthers Family Foundation 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 12/2022, Olson Borthers Family Foundation generated $622.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $39.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Olson Borthers Family Foundation has awarded 16 individual grants totaling $393,600. 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 |
|---|---|---|---|
Randy D Knapp Sec-Treas/director Hrs As Needed | 0 | $0 | |
Richard Paumer Director Hrs As Needed | 0 | $0 | |
Les Seiler President Hrs As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $437 |
| Capital Gain Net Income | $437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $226 |
| Total operating and administrative expenses | $3,855 |
| Contributions, gifts, grants paid | $35,500 |
| Total expenses and disbursements | $39,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,776 |
| Savings and temporary cash investments | $0 |
| 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 | $816,965 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $821,741 |
| 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, Olson Borthers Family Foundation has awarded $35,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORTING STUDENTS IN AG & FOOD ANIMAL MEDICINE | $25,000 |
KANSAS STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORTING STUDENTS IN AG & FOOD ANIMAL MEDICINE | $9,500 |
NEBRASKA STATE FAIR PURPOSE: PREVIOUS DIRECTOR MEMORIAL | $1,000 |