Jeanne H Olofson Foundation
- Assets
- $2.4m
- Revenue
- $67.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2039878
Organization Overview
Jeanne H Olofson Foundation is located in Palm Beach, FL. The organization was established in 2016. 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. Jeanne H Olofson 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 12/2023, Jeanne H Olofson Foundation generated $67.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $141.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jeanne H Olofson Foundation has awarded 60 individual grants totaling $594,885. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,075 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$380 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171 |
| Total operating and administrative expenses | $27,900 |
| Contributions, gifts, grants paid | $113,225 |
| Total expenses and disbursements | $141,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,252 |
| 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 | $2,433,811 |
| 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, Jeanne H Olofson Foundation has awarded $113,225 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
626 LANDMARK FOUNDATION PURPOSE: OPERATIONS | $25,000 |
NORTH SHORE EXCHANGE PURPOSE: OPERATIONS | $5,000 |
SISTERS RISING WORLDWIDE PURPOSE: OPERATIONS | $5,000 |
SISTERS OF ST JOSEPH OF CARONDELET PURPOSE: OPERATIONS | $1,000 |
THE SERVICE CLUB OF CHICAGO PURPOSE: OPERATIONS | $1,000 |
UNITED WE PURPOSE: OPERATIONS | $25,000 |