Olsson Foundation Inc
EIN: 471210501 · Lincoln, NE · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $923K |
| Total Expenses | $409K |
| Net Assets | $2.3M |
Is Olsson Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olsson Foundation Inc
Olsson Foundation Inc (EIN: 471210501) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T31. The organization reported total revenue of $923K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olsson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olsson Foundation Inc is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $624K |
| Total Expenses | $409K |
| Surplus / Deficit | +$215K |
| Total Assets | $2.7M |
| Total Liabilities | $396K |
| Net Assets | $2.3M |
| Operating Margin | 34.5% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 78.6 months |
Financial Health Grade: A
In 2023, Olsson Foundation Inc reported a surplus of $215K with revenue exceeding expenses, holds 78.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Olsson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.2% | +6.1% | +30.6% |
| 2022 | +26.6% | -10.7% | +36.9% |
| 2021 | +7.8% | +23.5% | +20.2% |
| 2020 | +36.4% | +25.4% | +32.1% |
| 2019 | +45.7% | +379.7% | +362.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olsson Foundation Inc 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 Olsson Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $215K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.8%.
Frequently Asked Questions about Olsson Foundation Inc
Is Olsson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Olsson Foundation Inc (EIN: 471210501) insufficient data. 0 red flags identified, 0 strengths noted.
How does Olsson Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Olsson Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Olsson Foundation Inc tax-deductible?
Olsson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 471210501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olsson Foundation Inc located?
Olsson Foundation Inc is headquartered in Lincoln, Nebraska and files with the IRS under EIN 471210501. It is classified under NTEE code T31.
How many years of IRS 990 filings does Olsson Foundation Inc have?
Olsson Foundation Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $923K in total revenue.
Filing History
IRS 990 filing history for Olsson Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Olsson Foundation Inc's revenue has grown by 517.9%, moving from $101K to $624K. Total assets increased by 3207% over the same period, from $81K to $2.7M. Total functional expenses rose by 1942%, from $20K to $409K. In its most recent filing year (2023), Olsson Foundation Inc reported a surplus of $215K, with revenue exceeding expenses. The organization holds $396K in liabilities against $2.7M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $624K | $409K | $2.7M | $396K | — | View 990 |
| 2022 | $483K | $385K | $2.1M | $375K | — | View 990 |
| 2021 | $382K | $431K | $1.5M | $423K | — | — |
| 2020 | $354K | $349K | $1.2M | $343K | — | — |
| 2019 | $260K | $279K | $943K | $0 | — | View 990 |
| 2015 | $178K | $58K | $204K | $0 | — | View 990 |
| 2014 | $101K | $20K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $624K, expenses of $409K, and assets of $2.7M (revenue +29.2% year-over-year).
- 2022: Revenue of $483K, expenses of $385K, and assets of $2.1M (revenue +26.6% year-over-year).
- 2021: Revenue of $382K, expenses of $431K, and assets of $1.5M (revenue +7.8% year-over-year).
- 2020: Revenue of $354K, expenses of $349K, and assets of $1.2M (revenue +36.4% year-over-year).
- 2019: Revenue of $260K, expenses of $279K, and assets of $943K (revenue +45.7% year-over-year).
- 2015: Revenue of $178K, expenses of $58K, and assets of $204K (revenue +76.4% year-over-year).
- 2014: Revenue of $101K, expenses of $20K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olsson Foundation Inc:
Data Sources and Methodology
This transparency report for Olsson Foundation Inc 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.