Ollek Foundation
- Assets
- $13.3k
- Revenue
- $13.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-2570116
Organization Overview
Ollek Foundation is located in Wichita, KS. The organization was established in 2018. 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. Ollek 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, Ollek Foundation generated $13.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $9.2k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Ollek President | 0 | $0 | |
Richard Ollek Jr Treasurer | 0 | $0 | |
Robyn Gruenwald Secretary | 0 | $0 | |
Richard Ollek Vice Preside | 0 | $0 | |
Barbara Ollek Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,807 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $115 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,746 |
| Printing and publications | $0 |
| Other expenses | $4,869 |
| Total operating and administrative expenses | $8,685 |
| Contributions, gifts, grants paid | $493 |
| Total expenses and disbursements | $9,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,675 |
| Savings and temporary cash investments | $1,813 |
| 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 | $6,785 |
| Other assets | $0 |
| Total assets | $13,273 |
| 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, Ollek Foundation has awarded $1,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CETA CANYON PURPOSE: SCHOLARSHIPS | $400 |
PROJECT TEACHER PURPOSE: TEACHER SUPPLIES | $499 |
SPECIAL OLYMPICS KANSAS PURPOSE: SPORTS EQUIPMENT | $401 |