Olivias Hope Foundation
- Assets
- $344.3k
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Syosset, NY
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 81-2185039
Organization Overview
Olivias Hope Foundation is located in Syosset, NY. The organization was established in 2018. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivias Hope 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 12/2021, Olivias Hope Foundation generated $215.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $133.5k during the year ending 12/2021. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DONATIONS ARE MADE TO OTHER NONPROFIT ORGANIZATIONS FOR CANCER RESEARCH AND ASSIST FAMILIES THAT HAVE CHILDREN CURRENTLY IN TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED MONEY TO DONATE TO NONPROFIT ORGANIZATIONS TO ACHIEVE A CURE FOR CANCER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lorusso President | Officer | 30 | $0 |
Amy Nikolai Treasurer | Officer | 10 | $0 |
Mike Nikolai Trustee | Trustee | 1 | $0 |
Lauree Vasta Trustee | Trustee | 1 | $0 |
Ron Mcmanus Trustee | Trustee | 1 | $0 |
Linda Donato Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,737 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,737 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,820 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $830 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,739 |
| Advertising and promotion | $6,573 |
| Office expenses | $3,493 |
| Information technology | $10,446 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,630 |
| Total functional expenses | $133,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,719 |
| Total assets | $344,313 |
| Accounts payable and accrued expenses | $5,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,065 |
| Net assets without donor restrictions | $339,248 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $344,313 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olivias Hope Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Rabinowitz Charitable Foundation Miami, FL PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chambersburg Health Services York, PA | $113,289,176 | $40,579,886 |
American Association For Cancer Research Foundation Philadelphia, PA | $8,465,630 | $44,029,054 |
The Mark Foundation For Cancer Research Us Ltd New York, NY | $107,551,757 | $37,486,883 |
Frontier Science And Technology Research Foundation Inc Brookline, MA | $20,071,027 | $30,470,963 |
Butler Cancer Associates Inc Pittsburgh, PA | $11,397,039 | $22,961,260 |
Cancer Care Inc New York, NY | $24,998,714 | $17,435,253 |
National Cancer Center Inc Plainview, NY | $3,772,145 | $4,573,453 |
Upmc-St Clair Hospital Cancer Center Pittsburgh, PA | $17,225,665 | $6,462,397 |
Childhood Leukemia Foundation Inc Brick, NJ | $1,169,163 | $3,510,998 |
Fayette Oncology Associates Pittsburgh, PA | $3,290,762 | $3,437,539 |
Joe Andruzzi Foundation Inc North Attleboro, MA | $2,725,360 | $3,860,461 |
Israel Childrens Cancer Foundation Inc Lawrence, NY | $1,448,072 | $2,587,319 |