John L And Marilyn J Olson Family Foundation
- Assets
- $795.8k
- Revenue
- $103.4k
- Investments
- $734.4k
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 81-0488861
Organization Overview
John L And Marilyn J Olson Family Foundation is located in Sidney, MT. The organization was established in 1994. 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. John L And Marilyn J Olson 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, John L And Marilyn J Olson Family Foundation generated $103.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $88.9k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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 2015, John L And Marilyn J Olson Family Foundation has awarded 321 individual grants totaling $603,027. 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 |
|---|---|---|---|
John L Olson President | 0 | $0 | |
Marilyn J Olson Vice-President | 0 | $0 | |
Karen M Olson-Beenken Secretary | 0 | $0 | |
J Randall Olson Treasurer | 0 | $0 | |
Erin M Anderson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $68,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $880 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $88,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,390 |
| 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 | $0 |
| Total assets | $795,797 |
| 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, John L And Marilyn J Olson Family Foundation has awarded $88,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS COUNCIL OF BIG SKY PURPOSE: GENERAL PURPOSE | $1,000 |
BIGFORK CENTER FOR THE PERFORMING ARTS FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |
BOYS & GIRLS CLUB OF RICHLAND COUNTY PURPOSE: GENERAL PURPOSE | $6,000 |
CHRISTIKON PURPOSE: GENERAL PURPOSE | $500 |
EAGLE FOUNDATION PURPOSE: GENERAL PURPOSE | $3,000 |
EASTERN MONTANA COMMUNITY MENTAL HEALTH CENTER PURPOSE: GENERAL PURPOSE | $4,000 |