Olmstead Family Foundation
EIN: 461612234 · Tulsa, OK · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $25 |
| Total Expenses | $23K |
| Net Assets | $5K |
Is Olmstead Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olmstead Family Foundation
Olmstead Family Foundation (EIN: 461612234) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T20. The organization reported total revenue of $25 and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olmstead Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olmstead Family Foundation is a micro nonprofit that has been operating for 11 years, with 4 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $25 |
| Total Expenses | $23K |
| Surplus / Deficit | $-23,392 |
| Total Assets | $6K |
| Total Liabilities | $800 |
| Net Assets | $5K |
| Operating Margin | -93568.0% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2020, Olmstead Family Foundation reported a deficit of $23K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 4 years of filings (2014–2020), Olmstead Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -98.7% | -80.5% | -79.6% |
| 2019 | +2950.8% | +750.5% | -84.8% |
| 2015 | +52.5% | -34.1% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olmstead Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Olmstead Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Frequently Asked Questions about Olmstead Family Foundation
Is Olmstead Family Foundation a legitimate charity?
Olmstead Family Foundation (EIN: 461612234) is a registered tax-exempt nonprofit based in Oklahoma. It has 4 years of IRS 990 filings on record. Total revenue: $25. No red flags identified. Financial health grade: B.
How does Olmstead Family Foundation spend its money?
Olmstead Family Foundation reported $25 in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Olmstead Family Foundation tax-deductible?
Olmstead Family Foundation is registered as a tax-exempt nonprofit (EIN: 461612234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olmstead Family Foundation located?
Olmstead Family Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 461612234. It is classified under NTEE code T20.
How many years of IRS 990 filings does Olmstead Family Foundation have?
Olmstead Family Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $25 in total revenue.
Filing History
IRS 990 filing history for Olmstead Family Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2014–2020), Olmstead Family Foundation's revenue has declined by 37.5%, moving from $40 to $25. Total assets decreased by 96.8% over the same period, from $185K to $6K. Total functional expenses rose by 9.3%, from $21K to $23K. In its most recent filing year (2020), Olmstead Family Foundation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $800 in liabilities against $6K in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $25 | $23K | $6K | $800 | — | — |
| 2019 | $2K | $120K | $29K | $800 | — | — |
| 2015 | $61 | $14K | $193K | $0 | — | View 990 |
| 2014 | $40 | $21K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $25, expenses of $23K, and assets of $6K (revenue -98.7% year-over-year).
- 2019: Revenue of $2K, expenses of $120K, and assets of $29K (revenue +2950.8% year-over-year).
- 2015: Revenue of $61, expenses of $14K, and assets of $193K (revenue +52.5% year-over-year).
- 2014: Revenue of $40, expenses of $21K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olmstead Family Foundation:
Data Sources and Methodology
This transparency report for Olmstead Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.