Elis Olsson Memorial Foundation
- Assets
- $10.9m
- Revenue
- $877.1k
- Investments
- $10.7m
- Employees
- 0
- Location
- West Point, VA
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 54-6062436
Organization Overview
Elis Olsson Memorial Foundation is located in West Point, VA. The organization was established in 1966. 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. Elis Olsson Memorial 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 12/2021, Elis Olsson Memorial Foundation generated $877.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $489.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elis Olsson Memorial Foundation has awarded 213 individual grants totaling $9,151,090. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Elis Olsson President & Chairman | 0 | $0 | |
Anne O Loebs Director | 3 | $0 | |
Shirley C Olsson Vice President & Director | 0 | $0 | |
Inga O Rogers Director | 3 | $0 | |
Thelma L Downey Executive Director | 30 | $0 | |
Lisa O Everett Secretary/treasurer & Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $246,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $630,233 |
| Capital Gain Net Income | $630,233 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $877,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $92,344 |
| Contributions, gifts, grants paid | $397,500 |
| Total expenses and disbursements | $489,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,389 |
| 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 | $17,524 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,902,266 |
| 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, Elis Olsson Memorial Foundation has awarded $397,500 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
West Point, VA PURPOSE: GENERAL PURPOSE | $20,000 |
Urbanna, VA PURPOSE: GENERAL PURPOSE | $15,000 |
CURE ALZHEIMERS FUND PURPOSE: GENERAL PURPOSE | $15,000 |
THRIVE VIRGINIA PURPOSE: GENERAL PURPOSE | $15,000 |
THE INT'L WOMENS FISHING ASSOC SCHOLARSHIP TRUST PURPOSE: GENERAL PURPOSE | $15,000 |
RAPPAHANNOCK COMMUNITY COLLEGE - NURSING PROGRAM PURPOSE: GENERAL PURPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |