Riley Olson Memorial Fund Inc
- Assets
- $16.4k
- Revenue
- $37.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Queensbury, NY
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3393636
Organization Overview
Riley Olson Memorial Fund Inc is located in Queensbury, NY. The organization was established in 2018. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riley Olson Memorial Fund Inc 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, Riley Olson Memorial Fund Inc generated $37.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $22.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 3 years. 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 |
|---|---|---|---|
Erin Steinbach President | 0 | $0 | |
Ryan Steinbach Vice Preside | 0 | $0 | |
Marybeth Hayes Treasurer | 0 | $0 | |
Melinda B White Secretary | 0 | $0 | |
Michael T White CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,960 |
| Interest on Savings | $0 |
| 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 | $36,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $138 |
| Other expenses | $15,221 |
| Total operating and administrative expenses | $15,509 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $22,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,407 |
| Savings and temporary cash investments | $0 |
| 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 | $16,407 |
| 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, Riley Olson Memorial Fund Inc has awarded $7,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOP OF THE WORLD ADK JR GOLF TOURNY PURPOSE: GOLF TOURNAMENT FOR KIDS | $1,000 |
UNIVERSITY OF VERMONT MEDICAL CENTE PURPOSE: ENDOWMENT | $6,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Local 282 Job Training Trust Fund Lake Success, NY | $2,187,832 | $681,666 |
Working For Women Inc Kingston, NY | $80,697 | $58,980 |
Westport Book Sale Ventures Inc Westport, CT | $138,492 | $305,223 |
Elevate To Even Plus Incorporated Summit, NJ | $19,553 | $0 |
Service Workers Coalition Incorporated Brooklyn, NY | $327 | $0 |
Good Job Angels Inc Great Neck, NY | $19,181 | $0 |
Troop C Health & Welfare Fund Hamilton Township, NJ | $71,382 | $0 |
Jobarr Foundation Inc Great Neck, NY | $310,229 | $14,176 |
Friends Of Allegany County Arc Wellsville, NY | $309,631 | $0 |
Riley Olson Memorial Fund Inc Queensbury, NY | $16,407 | $36,960 |
Her Chair His Hair Inc Brooklyn, NY | $328 | $0 |
Aisle Help Inc Westborough, MA | $1 | $0 |
Keste Foundation Inc New York, NY | $0 | $0 |
Bg Foundation Inc Staten Island, NY | $0 | $0 |
Bowery Group Charitable Fund Inc Pelham, NY | $0 | $0 |