Lottie E Olberg Testamentary Trust is located in Las Vegas, NV. The organization was established in 1975. 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. Lottie E Olberg Testamentary Trust 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 06/2022, Lottie E Olberg Testamentary Trust generated $106.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $45.1k during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 6 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 2019, Lottie E Olberg Testamentary Trust has awarded 21 individual grants totaling $114,000. 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.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $17,241 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $89,496 |
Capital Gain Net Income | $89,496 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $106,737 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $11,567 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $631 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $13,107 |
Contributions, gifts, grants paid | $32,000 |
Total expenses and disbursements | $45,107 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $17,175 |
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 | $611,142 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $628,317 |
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 |
Over the last fiscal year, Lottie E Olberg Testamentary Trust has awarded $32,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Bloomington, MN PURPOSE: GENERAL OPERATING | $11,200 |
Tampa, FL PURPOSE: GENERAL OPERATING | $11,200 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $3,200 |
San Diego, CA PURPOSE: GENERAL OPERATING | $3,200 |
REGENTS OF THE U OF M PURPOSE: GENERAL OPERATING | $2,700 |
Minneapolis, MN PURPOSE: GENERAL SUPPORT | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |