Kristine Olsen Private Foundation
- Assets
- $1.8m
- Revenue
- $79.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 10/2003
- Data as of
- 09/2022
- EIN
- 65-6400516
Organization Overview
Kristine Olsen Private Foundation is located in North Palm Beach, FL. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kristine Olsen Private 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 09/2022, Kristine Olsen Private Foundation generated $79.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $195.3k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kristine Olsen Private Foundation has awarded 162 individual grants totaling $595,958. 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 |
|---|---|---|---|
Christian Fleming Trustee | 3 | $25,000 | |
Joseph M Fleming Trustee | 3 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $360 |
| Dividends & Interest | $41,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,626 |
| Capital Gain Net Income | $37,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,691 |
| Total operating and administrative expenses | $123,107 |
| Contributions, gifts, grants paid | $72,187 |
| Total expenses and disbursements | $195,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,813 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,319 |
| Total assets | $1,817,415 |
| 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, Kristine Olsen Private Foundation has awarded $72,187 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UMSYLVESTER COMPREHENSIVE CANCER CLINIC PURPOSE: SERVICES FOR FIGHTING CANCER | $10,000 |
Jupiter, FL PURPOSE: FINANCIAL ASSISTANCE FOR MEDICAL ASSISTANCE AND CARE | $10,000 |
West Palm Beach, FL PURPOSE: EDUCATION FOR CHILDREN | $7,500 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: BLOOD CANCER RESEARCH | $7,500 |
SMART RIDE TSR ADVENTURES INC PURPOSE: FUND AIDS SERVICE ORGANIZATIONS | $5,000 |
Omaha, NE PURPOSE: HELP WOUNEDE VETERANS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |