Receptions For Research The Greg Olsen Foundation Inc
EIN: 270843891 · Ft Lauderdale, FL · NTEE: H12
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.7M |
| Net Assets | $-1,359,498 |
Is Receptions For Research The Greg Olsen 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 Receptions For Research The Greg Olsen Foundation Inc
Receptions For Research The Greg Olsen Foundation Inc (EIN: 270843891) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code H12. The organization reported total revenue of $2.0M and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Receptions For Research The Greg Olsen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Receptions For Research The Greg Olsen Foundation Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-1,274,652 |
| Total Assets | $801K |
| Total Liabilities | $2.2M |
| Net Assets | $-1,359,498 |
| Operating Margin | -87.3% |
| Debt-to-Asset Ratio | 269.6% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Receptions For Research The Greg Olsen Foundation Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 269.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Receptions For Research The Greg Olsen Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | +380.4% | +49.4% |
| 2022 | +60.3% | +288.7% | +118.4% |
| 2021 | +38.4% | +26.5% | -42.3% |
| 2020 | -16.4% | -82.0% | +198.8% |
| 2019 | -16.8% | -23.0% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Receptions For Research The Greg Olsen 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 Receptions For Research The Greg Olsen 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 deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 269.6%.
Frequently Asked Questions about Receptions For Research The Greg Olsen Foundation Inc
Is Receptions For Research The Greg Olsen Foundation Inc a legitimate charity?
Receptions For Research The Greg Olsen Foundation Inc (EIN: 270843891) is a registered tax-exempt nonprofit based in Florida. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: C.
How does Receptions For Research The Greg Olsen Foundation Inc spend its money?
Receptions For Research The Greg Olsen Foundation Inc reported $2.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Receptions For Research The Greg Olsen Foundation Inc tax-deductible?
Receptions For Research The Greg Olsen Foundation Inc is registered as a tax-exempt nonprofit (EIN: 270843891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Receptions For Research The Greg Olsen Foundation Inc located?
Receptions For Research The Greg Olsen Foundation Inc is headquartered in Ft Lauderdale, Florida and files with the IRS under EIN 270843891. It is classified under NTEE code H12.
How many years of IRS 990 filings does Receptions For Research The Greg Olsen Foundation Inc have?
Receptions For Research The Greg Olsen Foundation Inc has 13 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Receptions For Research The Greg Olsen Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Receptions For Research The Greg Olsen Foundation Inc's revenue has grown by 1172.5%, moving from $115K to $1.5M. Total assets increased by 606% over the same period, from $114K to $801K. Total functional expenses rose by 2734.8%, from $96K to $2.7M. In its most recent filing year (2023), Receptions For Research The Greg Olsen Foundation Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $801K in assets (debt-to-asset ratio: 269.6%), resulting in net assets of $-1,359,498.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $2.7M | $801K | $2.2M | — | — |
| 2022 | $1.2M | $569K | $537K | $621K | — | View 990 |
| 2021 | $767K | $146K | $246K | $990K | — | View 990 |
| 2020 | $554K | $116K | $426K | $1.8M | — | — |
| 2019 | $663K | $645K | $142K | $5K | — | View 990 |
| 2018 | $796K | $837K | $125K | $0 | — | View 990 |
| 2017 | $822K | $858K | $166K | $0 | — | — |
| 2016 | $772K | $711K | $202K | $0 | — | View 990 |
| 2015 | $503K | $489K | $141K | $0 | — | View 990 |
| 2014 | $300K | $259K | $126K | $0 | — | View 990 |
| 2013 | $341K | $328K | $85K | $15 | — | View 990 |
| 2012 | $107K | $148K | $72K | $35 | — | View 990 |
| 2011 | $115K | $96K | $114K | $552 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $2.7M, and assets of $801K (revenue +18.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $569K, and assets of $537K (revenue +60.3% year-over-year).
- 2021: Revenue of $767K, expenses of $146K, and assets of $246K (revenue +38.4% year-over-year).
- 2020: Revenue of $554K, expenses of $116K, and assets of $426K (revenue -16.4% year-over-year).
- 2019: Revenue of $663K, expenses of $645K, and assets of $142K (revenue -16.8% year-over-year).
- 2018: Revenue of $796K, expenses of $837K, and assets of $125K (revenue -3.2% year-over-year).
- 2017: Revenue of $822K, expenses of $858K, and assets of $166K (revenue +6.4% year-over-year).
- 2016: Revenue of $772K, expenses of $711K, and assets of $202K (revenue +53.4% year-over-year).
- 2015: Revenue of $503K, expenses of $489K, and assets of $141K (revenue +67.8% year-over-year).
- 2014: Revenue of $300K, expenses of $259K, and assets of $126K (revenue -12.1% year-over-year).
- 2013: Revenue of $341K, expenses of $328K, and assets of $85K (revenue +217.8% year-over-year).
- 2012: Revenue of $107K, expenses of $148K, and assets of $72K (revenue -6.4% year-over-year).
- 2011: Revenue of $115K, expenses of $96K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Receptions For Research The Greg Olsen Foundation Inc:
Data Sources and Methodology
This transparency report for Receptions For Research The Greg Olsen 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.