Olive Tree Foundation
- Assets
- $1.0m
- Revenue
- $158.4k
- Investments
- $969.1k
- Employees
- 0
- Location
- Dataw Island, SC
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 58-2359736
Organization Overview
Olive Tree Foundation is located in Dataw Island, SC. The organization was established in 1998. 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. Olive Tree 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, Olive Tree Foundation generated $158.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $141.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olive Tree Foundation has awarded 115 individual grants totaling $547,000. 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 |
|---|---|---|---|
Name Not Listed Treasurer & Chairman | 5 | $0 | |
Name Not Listed President & Communications | 5 | $0 | |
Name Not Listed Vice President | 5 | $0 | |
Name Not Listed Secretary | 2 | $0 | |
Name Not Listed Member-Grant Committee | 2 | $0 | |
Name Not Listed Member-Grant Committee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,786 |
| Capital Gain Net Income | $106,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,644 |
| Total Revenue | $158,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,765 |
| Printing and publications | $3,079 |
| Other expenses | $66 |
| Total operating and administrative expenses | $40,852 |
| Contributions, gifts, grants paid | $100,500 |
| Total expenses and disbursements | $141,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,576 |
| Savings and temporary cash investments | $32,289 |
| 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 | $74,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,165 |
| Total assets | $1,019,135 |
| 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, Olive Tree Foundation has awarded $92,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
REVITALIZE ARLINGTON INC PURPOSE: OPERATIONAL SUPPORT | $3,000 |
PUBLIC EDUCATION PARTNERSHIP OF WINTER HAVEN PURPOSE: OPERATIONAL SUPPORT | $2,000 |
RWANDA SHINES PURPOSE: OPERATIONAL SUPPORT | $1,500 |
HIBISCUS CHILDREN'S CENTER PURPOSE: OPERATIONAL SUPPORT | $3,000 |
ARTISTS FOR HUMANITY PURPOSE: OPERATIONAL SUPPORT | $2,000 |
DOMINICAN LITERACY CENTER PURPOSE: OPERATIONAL SUPPORT | $3,000 |