Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2014 • EIN 27-0843891
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
70th percentile
Higher net margin than 70% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 2.0% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Assets
Up$126,346
Up $41,295 (+49%) from 2013
Net Assets
Up$126,346
Up $41,310 (+49%) from 2013
Liabilities
Down$0
Down $15 (-100%) from 2013
Revenue
Down$299,946
Down $41,324 (-12%) from 2013
Expenses
Down$258,636
Down $69,851 (-21%) from 2013
Net Income
Up$41,310
Up $28,527 (+223%) from 2013
The greg olsen foundation was established in 2009 to provide hospitals, doctors and scholars the resources necessary to enhance the lives of those affected by various forms of cancer and cardiovascular diseases or disorders. We partner with local and national organizations in our pursuit to discover a cure for these debilitating diseases. It's our goal to make sure everyone has a second chance in life.
Provide the resources necessary to enhance the lives of those affected with debilitating diseases.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $85,051 | $126,346 | ▲ $41,295 |
| Total Assets | $85,051 | $126,346 | ▲ $41,295 |
| Liabilities | |||
| Other Liabilities | $15 | $0 | ▼ $15 |
| Total Liabilities | $15 | $0 | ▼ $15 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $85,036 | $126,346 | ▲ $41,310 |
| Total Net Assets Fund Balance | $85,036 | $126,346 | ▲ $41,310 |
| Total Liabilities and Net Assets / Fund Balance | $85,051 | $126,346 | ▲ $41,295 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Christian Olsen | Executive Director | PT | $6,000 | $6,000 |
| Deborah Dooley | Controller | PT | $6,000 | $6,000 |
| Name | Title |
|---|---|
| Kara Olsen | Chair |
| Doug Porter | Board Member |
| Ed Warm | Board Member |
| Jason Chamberlain | Board Member |
| Jeff Ludwig | Board Member |
| John Harris | Board Member |
| Rj Melman | Board Member |
| Susan Olsen | Director of Community Outreach |
| George Ruoco | Director of Corporate Partnerships |
| Gregory W Olsen | Founder |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $227,400 |
| Other Expenses | $19,236 |
| Salaries, Compensation, and Employee Benefits | $12,000 |
| Total Fundraising Expense | $1,562 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $227,400 | - | - | $227,400 |
| Current Officers, Directors, Trustees, and Key Employees | $9,000 | $2,400 | $600 | $12,000 |
| Fees for Services Accounting | $1,700 | $6,375 | $425 | $8,500 |
| Advertising | $2,912 | $546 | $182 | $3,640 |
| Other Expenses | $256 | $960 | $64 | $1,280 |
| Information Technology | $930 | $174 | $58 | $1,162 |
| Total Functional Expenses | $245,727 | $11,347 | $1,562 | $258,636 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $352,638 |
| Expenses per Audited Statements | $258,636 |
| Total Expenses per Form 990 | $258,636 |
| Expenses Not Reported on Form 990 | $94,002 |
| Expenses Not Reported on Financial Statements | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Carolina Healthcare System | Charlotte, NC | 501(c)(3) | CHILDREN'S HEART PROGRAM | $175,000 |
| Ronald Mcdonald House | Oak Brook, IL | 501(c)(3) | Care for Families With Hospitalized Children | $25,000 |
| Um Cancer Research | Coral Gables, FL | 501(c)(3) | Cancer Research | $25,000 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $94,002 |
| Fundraising Gross Income | $51,069 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Kicks 4 Cure | $128,310 | $25,663 | $54,536 | $-28,873 |
| Golf Tournament | $120,750 | $23,870 | $32,361 | $-8,491 |
| Total Events | $256,740 | $51,069 | $94,002 | $-42,933 |
“Chris olsen, executive director (brother to founder, son of director); kara olsen, board chair (wife to founder); sue olsen, director (mother to founder, mother to executive director)”
“Distributed to board members prior to filing.”
“Any request for the documents will be honored.”
“The organization has always operated on the accrual basis of accounting. The organization inadvertently marked the "cash" box in previous years.”
“The foundation has been recognized by the internal revenue services as an organization that is exempt from federal income taxes under internal revenue code ("irc") section 501(c)(3) and is further classified as a public charity under irc section 509(a)(2). No provision has been made for income taxes in the financial statements. Furthermore, the foundation believes that is has appropriate support for any tax position taken, and as such, does not have any uncertain tax positions. The irs form 990 and other tax returns subsequent to 2011 remain subject to examination by the taxing authorities.”
“EVENT EXPENSES 94,002.”
“EVENT EXPENSES 94,002.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED WITH DEBILITATING DISEASES. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 182 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 546 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 2912 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3640 |
| IRS990/AllOtherContributionsAmt | 0 | 137208 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DEBORAH DOOLEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4074014534 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2233 LONG DERBY WAY |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CASSELBERRY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 32707 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 85051 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 126346 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 600 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 2400 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 9000 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 12000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContriRptFundraisingEventAmt | 0 | 205671 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 342879 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 227400 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 19236 |
| IRS990/CYOtherRevenueAmt | 0 | -42933 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 41310 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 12000 |
| IRS990/CYTotalExpensesAmt | 0 | 258636 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 1562 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 299946 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | RECEIVING HOPE CAMPAIGN HOSTED THE FOLLOWING FUNDRAISERS: KICKS 4 CURE (JUNE 2014), RAISED $128,000,EVENT EXPENDITURES TOTALED $60,000. COLLECTED $5500 FROM PRIOR YEAR EVENT-(KICKS FOR CURE 2013); RAISED $400 IN NON-EVENT RELATED DONATIONS. DONATED $51,000 IN FISCAL YEAR 2014 TO CANCER RESEARCH HOSPITALS AND FAMILY SUPPORT ORGANIZATIONS OF CANCER PATIENTS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 55534 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 425 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 6375 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 1700 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 8500 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | GREGORY W OLSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KARA OLSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CHRISTIAN OLSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | RJ MELMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN HARRIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ED WARM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DOUG PORTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JEFF LUDWIG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JASON CHAMBERLAIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SUSAN OLSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | GEORGE RUOCO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DEBORAH DOOLEY |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 6000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 6000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | FOUNDER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR OF COMMUNITY OUTREACH |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR OF CORPORATE PARTNERSHIPS |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | CONTROLLER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2009 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 1 |
| IRS990/FundraisingAmt | 0 | 205671 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 94002 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 51069 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantAmt | 0 | 51400 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 227400 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 227400 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 393948 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 58 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 174 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 930 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 1162 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE GREG OLSEN FOUNDATION WAS ESTABLISHED IN 2009 TO PROVIDE HOSPITALS, DOCTORS AND SCHOLARS THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED BY VARIOUS FORMS OF CANCER AND CARDIOVASCULAR DISEASES OR DISORDERS. WE PARTNER WITH LOCAL AND NATIONAL ORGANIZATIONS IN OUR PURSUIT TO DISCOVER A CURE FOR THESE DEBILITATING DISEASES. IT'S OUR GOAL TO MAKE SURE EVERYONE HAS A SECOND CHANCE IN LIFE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 85036 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 126346 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -42933 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -42933 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | TELECOMMUNICATIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK AND OTHER FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | LICENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 135 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 98 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 64 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 403 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 489 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 960 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 2151 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1378 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 256 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2689 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1965 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1280 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 15 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | CHRISTIAN OLSEN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | HEARTEST YARD CAMPAIGN HOSTED THE FOLLOWING FUNDRAISERS: GOLF TOURNAMENT (APRIL 2014), RAISED $121,000,EVENT EXPENDITURES TOTALED $37,000. CONCERT RAISED $27,000; ALL EXPENDITURES RESPONSIBILIY OF HOSTING VENUE. RAISED $72,000 IN NON-EVENT RELATED DONATIONS. DONATED $176,000 IN FISCAL YEAR 2014 TO CHILDREN'S HEART PROGRAM AT LEVINES CHILDREN'S HOSPITAL (PART OF CAROLINA HEALTHCARE SYSTEM). |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 190193 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 176000 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 377528 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 292500 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 23987 |
| IRS990/PYOtherRevenueAmt | 0 | -36258 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 12783 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 12000 |
| IRS990/PYTotalExpensesAmt | 0 | 328487 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 341270 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 41310 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 38181 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 25000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 63181 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 342879 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 377528 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 158053 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 82554 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42750 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 1003764 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.93710 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 940583 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 38181 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 25000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 63181 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 342879 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 377528 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 158053 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 82554 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42750 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1003764 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 342879 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 377528 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 158053 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 82554 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 42750 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1003764 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 94002 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 258636 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 94002 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 94002 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 94002 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 299946 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS AN ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTION 509(A)(2). NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. FURTHERMORE, THE FOUNDATION BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE IRS FORM 990 AND OTHER TAX RETURNS SUBSEQUENT TO 2011 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | EVENT EXPENSES 94,002. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | EVENT EXPENSES 94,002. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 258636 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 299946 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 393948 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 352638 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 205671 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 102647 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt | 0 | 96880 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt | 0 | 6144 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 94002 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | KICKS 4 CURE |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | GOLF TOURNAMENT |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 128310 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 120750 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt | 0 | 7680 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 256740 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 25663 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 23870 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt | 0 | 1536 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 51069 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -42933 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt | 0 | 2180 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 89077 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 54536 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 32361 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt | 0 | 1 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 4925 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 4925 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 175000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 25000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | CARE FOR FAMILIES WITH HOSPITALIZED CHILDREN |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | CHILDREN'S HEART PROGRAM |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | CANCER RESEARCH |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | RONALD MCDONALD HOUSE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | CAROLINA HEALTHCARE SYSTEM |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | UM CANCER RESEARCH |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 363532553 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 566060481 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 590624458 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1900 SPRING RD 310 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | PO BOX 32861 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | PO BOX 248106 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | OAK BROOK |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | CHARLOTTE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | CORAL GABLES |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | FL |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 60523 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 28232 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 33124 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 4 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CHRIS OLSEN, EXECUTIVE DIRECTOR (BROTHER TO FOUNDER, SON OF DIRECTOR); KARA OLSEN, BOARD CHAIR (WIFE TO FOUNDER); SUE OLSEN, DIRECTOR (MOTHER TO FOUNDER, MOTHER TO EXECUTIVE DIRECTOR) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ANY REQUEST FOR THE DOCUMENTS WILL BE HONORED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION HAS ALWAYS OPERATED ON THE ACCRUAL BASIS OF ACCOUNTING. THE ORGANIZATION INADVERTENTLY MARKED THE "CASH" BOX IN PREVIOUS YEARS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XII, LINE 1: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 1 | FL |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 2 | NC |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
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