Olds Foundation
- Assets
- $17.8m
- Revenue
- $858.9k
- Investments
- $8.9m
- Employees
- 0
- Location
- Arkadelphia, AR
- Founding
- 05/1995
- Data as of
- 11/2022
- EIN
- 71-0747091
Organization Overview
Olds Foundation is located in Arkadelphia, AR. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Olds 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 11/2022, Olds Foundation generated $858.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $774.2k during the year ending 11/2022. While expenses have increased by 16.6% per year over the past 4 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 2020, Olds Foundation has awarded 53 individual grants totaling $1,174,624. 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 |
|---|---|---|---|
Gregery B Aud Trustee And Manager | 20 | $102,792 | |
Michael E Aud Trustee | 1 | $45,022 | |
Carrie Aud Trustee | 1 | $12,000 | |
Harry C Erwin III Trustee | 1 | $6,000 | |
Blake Whitley Trustee | 1 | $6,000 | |
Kent Thomas Trustee | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,160 |
| Dividends & Interest | $274,638 |
| Net Rental Income | $13,729 |
| Net Gain on Sale of Assets | $258,783 |
| Capital Gain Net Income | $258,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $310,597 |
| Total Revenue | $858,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $183,814 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $612 |
| Taxes | $87,632 |
| Depreciation | $9,462 |
| Occupancy | $8,700 |
| Travel, conferences, and meetings | $26 |
| Printing and publications | $0 |
| Other expenses | $131,579 |
| Total operating and administrative expenses | $429,075 |
| Contributions, gifts, grants paid | $345,154 |
| Total expenses and disbursements | $774,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $231,418 |
| 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 | $2,010,167 |
| Net Land, buildings, and equipment | $54,194 |
| Other assets | $8,666,335 |
| Total assets | $17,818,509 |
| 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, Olds Foundation has awarded $345,154 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CADDO CAREER CONSORTIUM PURPOSE: BARN GRANT | $189,136 |
SCHOLARSHIPS TO INDIVIDUALS FOR UNDERGADUATE COLLEGE STUDY PURPOSE: UNRESTRICTEDUNRESTRICTED | $122,500 |
CENTERPOINT SCHOOL DISTRICT PURPOSE: BACKPACK PROGRAM | $17,000 |
KIRBY PUBLIC SCHOOL PURPOSE: BACKPACK PROGRAM | $9,000 |
CITY OF AMITY PURPOSE: COWBOY CHRISTMAS/ANGEL TREE | $5,000 |
Little Rock, AR PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |