Civic Intelligence

Receptions for Research - the Greg Olsen Foundation Inc.

990 • Fiscal year 2016 • EIN 27-0843891

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 16, 2017

200 E Las Olas Blvd Ste 1550Ft Lauderdale, FL 33301

(407) 401-4534

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

62nd percentile

7.9%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$11,000

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

88th percentile

44%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

53%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$202,177

Up $61,323 (+44%) from 2015

Net Assets

Up

$202,177

Up $61,323 (+44%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$772,295

Up $268,865 (+53%) from 2015

Expenses

Up

$710,972

Up $222,050 (+45%) from 2015

Net Income

Up

$61,323

Up $46,815 (+323%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $94,667Liabilities 2010: $0Net Assets 2010: $94,6672010Assets 2011: $113,519Liabilities 2011: $552Net Assets 2011: $112,9672011Assets 2012: $72,288Liabilities 2012: $35Net Assets 2012: $72,2532012Assets 2013: $85,051Liabilities 2013: $15Net Assets 2013: $85,0362013Assets 2014: $126,346Liabilities 2014: $0Net Assets 2014: $126,3462014Assets 2015: $140,854Liabilities 2015: $0Net Assets 2015: $140,8542015Assets 2016: $202,177Liabilities 2016: $0Net Assets 2016: $202,1772016Assets 2017: $166,065Liabilities 2017: $0Net Assets 2017: $166,0652017Assets 2018: $124,667Liabilities 2018: $0Net Assets 2018: $124,6672018Assets 2019: $142,438Liabilities 2019: $4,922Net Assets 2019: $137,5162019Assets 2020: $425,597Liabilities 2020: $1,790,000Net Assets 2020: -$1,364,4032020Assets 2021: $245,684Liabilities 2021: $990,000Net Assets 2021: -$744,3162021Assets 2022: $536,599Liabilities 2022: $621,445Net Assets 2022: -$84,8462022Assets 2023: $801,488Liabilities 2023: $2,160,986Net Assets 2023: -$1,359,4982023Assets 2024: $986,165Liabilities 2024: $3,180,335Net Assets 2024: -$2,194,1702024

Highlighted filing

2016

Assets$202,177
Liabilities$0
Net Assets$202,177

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $75,7582010Expenses 2011: $96,4912011Expenses 2012: $148,1082012Revenue 2013: $341,270Expenses 2013: $328,487Net Income 2013: $12,7832013Revenue 2014: $299,946Expenses 2014: $258,636Net Income 2014: $41,3102014Revenue 2015: $503,430Expenses 2015: $488,922Net Income 2015: $14,5082015Revenue 2016: $772,295Expenses 2016: $710,972Net Income 2016: $61,3232016Revenue 2017: $821,992Expenses 2017: $858,104Net Income 2017: -$36,1122017Revenue 2018: $795,909Expenses 2018: $837,307Net Income 2018: -$41,3982018Revenue 2019: $662,551Expenses 2019: $644,702Net Income 2019: $17,8492019Revenue 2020: $553,897Expenses 2020: $115,816Net Income 2020: $438,0812020Revenue 2021: $766,582Expenses 2021: $146,495Net Income 2021: $620,0872021Revenue 2022: $1,228,890Expenses 2022: $569,420Net Income 2022: $659,4702022Revenue 2023: $1,460,697Expenses 2023: $2,735,349Net Income 2023: -$1,274,6522023Revenue 2024: $1,345,731Expenses 2024: $2,180,403Net Income 2024: -$834,6722024

Highlighted filing

2016

Revenue$772,295
Expenses$710,972
Net Income$61,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 16, 2017
Return Version
2016v3.0
Gross Receipts
$943,347
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$140,854$171,802▲ $30,948
Intangible Assets-$15,375-
Accounts Receivable-$15,000-
Total Assets$140,854$202,177▲ $61,323
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$140,854$202,177▲ $61,323
Total Net Assets Fund Balance$140,854$202,177▲ $61,323
Total Liabilities and Net Assets / Fund Balance$140,854$202,177▲ $61,323
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deborah DooleyControllerPT$11,000$11,000

Board Members and Trustees

NameTitle
Gregory W OlsenChair/founder
Amy LevineBoard Member
Donald RobbinsBoard Member
Doug PorterBoard Member
Jason ChamberlainBoard Member
Jose ArmarioBoard Member
Christian OlsenExecutive Director
Kara OlsenFounding Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$784,385
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-12,090
All Other Contributions
$545,942
Change in Net Assets
$61,323

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$100,000Auction
Other Non Cash Contri Table465$47,256Fair Market Value (FMV)
Total Noncash Contributions466$147,256-

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,295
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$171,052
Total Revenue per Audited Statements
$943,347
Total Revenue per Form 990
$772,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$675,000
Other Expenses$24,972
Salaries, Compensation, and Employee Benefits$11,000
Total Fundraising Expense$1,799
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$675,000--$675,000
Fees for Services Accounting-$10,688$563$11,251
Current Officers, Directors, Trustees, and Key Employees-$10,450$550$11,000
Information Technology-$6,004$316$6,320
Depreciation Depletion-$2,921$154$3,075
Advertising-$1,303$68$1,371
Insurance-$565$30$595
Other Expenses-$356$19$375
Total Functional Expenses$675,000$34,173$1,799$710,972

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$882,024
Expenses per Audited Statements$710,972
Total Expenses per Form 990$710,972
Expenses Not Reported on Form 990$171,052
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carolina Healthcare FoundationCharlotte, NC501(c)(3)CHILDREN'S HEART PROGRAM$545,000
Ronald Mcdonald HouseOak Brook, IL501(c)(3)Care for Families With Hospitalized Children$45,000
Rush University HospitalChicago, IL501(c)(3)Medical Research$45,000
Hackensack University Medical Center FoundationHackensack, NJ501(c)(3)Cancer Research$20,000
Lurie Childrens Hospital of ChicagoChicago, IL501(c)(3)Medical Research$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$171,052
Fundraising Gross Income$158,962
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$178,588$71,435-$71,435
Kicks 4 Cure$161,058$64,423$8,871$55,552
Total Events$397,405$158,962$171,052$-12,090
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

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)

Form 990, Part VI, Section B, Line 11B

Distributed to board members prior to filing.

Form 990, Part VI, Section B, Line 12C

Organization requires that potential conflicts of interest be disclosed annually and on an ongoing basis.

Form 990, Part VI, Section C, Line 19

Any request for the documents will be honored.

Filing and Contact Details

Filer

Filer Name
Receptions for Research
EIN
27-0843891
Phone
4074014534
Address
200 E LAS OLAS BLVD STE 1550, FT LAUDERDALE, FL 33301

Signing Officer

Name
Greg Olsen
Title
Founder
Phone
4074014534
Signed
2017-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Olsen
Formed
2009
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
50

Preparer

Firm
Game Plan Financial Inc
Address
2401 NW BOCA RATON BLVD, BOCA RATON, FL 33431-6639
Preparer
Arthur J Hurley
Phone
5619531510
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

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 2012 remain subject to examination by the taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

EVENT EXPENSES 171,052.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

EVENT EXPENSES 171,052.

Raw XML AppendixShowing 400 of 503 raw XML fields

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/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/EOYAmt015000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED WITH DEBILITATING DISEASES.
IRS990/AdvertisingGrp/FundraisingAmt068
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01303
IRS990/AdvertisingGrp/TotalAmt01371
IRS990/AllOtherContributionsAmt0545942
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04074014534
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 E LAS OLAS BLVD STE 1550
IRS990/BooksInCareOfDetail/USAddress/CityNm0FT LAUDERDALE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033301
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0140854
IRS990/CashNonInterestBearingGrp/EOYAmt0171802
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0550
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt010450
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt011000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0238443
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0784385
IRS990/CYGrantsAndSimilarPaidAmt0675000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt024972
IRS990/CYOtherRevenueAmt0-12090
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt061323
IRS990/CYSalariesCompEmpBnftPaidAmt011000
IRS990/CYTotalExpensesAmt0710972
IRS990/CYTotalFundraisingExpenseAmt01799
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0772295
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0154
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02921
IRS990/DepreciationDepletionGrp/TotalAmt03075
IRS990/Desc0RECEIVING HOPE CAMPAIGN HOSTED THE FOLLOWING FUNDRAISERS: KICKS 4 CURE (2016), RAISED $161,000; EVENT EXPENDITURES TOTALED $71,500. GENERAL DONATIONS RECEIVED TOTALING $12,800. DONATED $100,000 IN FY 2016 TO CANCER RESEARCH, HOSPITALS AND FAMILY SUPPORT ORGANIZATIONS OF CANCER PATIENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0283500
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0563
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010688
IRS990/FeesForServicesAccountingGrp/TotalAmt011251
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd01
IRS990/Form8282FiledCnt01
IRS990/Form8282PropertyDisposedOfInd01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt810.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0GREGORY W OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1KARA OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTIAN OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSE ARMARIO
IRS990/Form990PartVIISectionAGrp/PersonNm4DONALD ROBBINS
IRS990/Form990PartVIISectionAGrp/PersonNm5AMY LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm6DOUG PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm7JASON CHAMBERLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm8DEBORAH DOOLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt811000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR/FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1FOUNDING BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0238443
IRS990/FundraisingDirectExpensesAmt0171052
IRS990/FundraisingGrossIncomeAmt0158962
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0175000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0675000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0675000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0943347
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0316
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06004
IRS990/InformationTechnologyGrp/TotalAmt06320
IRS990/InsuranceGrp/FundraisingAmt030
IRS990/InsuranceGrp/ManagementAndGeneralAmt0565
IRS990/InsuranceGrp/TotalAmt0595
IRS990/IntangibleAssetsGrp/EOYAmt015375
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0140854
IRS990/NetAssetsOrFundBalancesEOYAmt0202177
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-12090
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-12090
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0147256
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SALES PROCESSING
IRS990/OtherExpensesGrp/Desc1LICENSES
IRS990/OtherExpensesGrp/Desc2BANK AND OTHER FEES
IRS990/OtherExpensesGrp/FundraisingAmt068
IRS990/OtherExpensesGrp/FundraisingAmt131
IRS990/OtherExpensesGrp/FundraisingAmt219
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01301
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1585
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2356
IRS990/OtherExpensesGrp/TotalAmt01369
IRS990/OtherExpensesGrp/TotalAmt1616
IRS990/OtherExpensesGrp/TotalAmt2375
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GREG OLSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0HEARTEST YARD CAMPAIGN HOSTED THE FOLLOWING EVENTS: WEEKEND WITH THE 88'S (REVENUE OF $43,000) AND BLACKFIN (REVENUE OF $9,500) AND $435,000 IN NON-EVENT DONATIONS. IN-KIND DONATIONS TOTALED $47,255. AUTOMOBILE DONATED $100,000. EVENT EXPENDITURES TOTAL $38,000. DONATED $500,000 IN FY 2016 TO CAROLINA HEALTHCARE FUND.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0391500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0498574
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0445000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt032922
IRS990/PYOtherRevenueAmt04856
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt014508
IRS990/PYSalariesCompEmpBnftPaidAmt011000
IRS990/PYTotalExpensesAmt0488922
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0503430
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061323
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0246011
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt063181
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0162443
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt079700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0576335
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0854415
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0498574
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0342879
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0377528
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0158053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02231449
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.74170
IRS990ScheduleA/PublicSupportPY509Pct00.93620
IRS990ScheduleA/PublicSupportTotal509Amt01655114
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0246011
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt063181
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0162443
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt079700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0576335
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0854415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0498574
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0342879
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0377528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0158053
IRS990ScheduleA/Total509Grp/TotalAmt02231449
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0854415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0498574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0342879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0377528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0158053
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02231449
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0171052
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0710972
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0171052
IRS990ScheduleD/OtherRevenueAmt0171052
IRS990ScheduleD/RevenueNotReportedAmt0171052
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0772295
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 2012 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES 171,052.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EVENT EXPENSES 171,052.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0710972
IRS990ScheduleD/TotalRevenuePerForm990Amt0772295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0943347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0882024
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0238443
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt096635
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0107153
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt034655
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0171052
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06819
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06819
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0KICKS 4 CURE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09382
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt011908
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt021290
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0161058
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0178588
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt057759
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0397405
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt071435
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023104
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0158962
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-12090
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt047272
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt047272
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt014133
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023004
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08871
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt046445
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt023272
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt02950
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt072667
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt045000
IRS990ScheduleI/RecipientTable/CashGrantAmt1545000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt345000
IRS990ScheduleI/RecipientTable/CashGrantAmt420000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CARE FOR FAMILIES WITH HOSPITALIZED CHILDREN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHILDREN'S HEART PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CANCER RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4MEDICAL RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RONALD MCDONALD HOUSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CAROLINA HEALTHCARE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HACKENSACK UNIVERSITY MEDICAL CENTER FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3RUSH UNIVERSITY HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4LURIE CHILDRENS HOSPITAL OF CHICAGO
IRS990ScheduleI/RecipientTable/RecipientEIN0363532553
IRS990ScheduleI/RecipientTable/RecipientEIN1566060481
IRS990ScheduleI/RecipientTable/RecipientEIN2222339534
IRS990ScheduleI/RecipientTable/RecipientEIN3362174823
IRS990ScheduleI/RecipientTable/RecipientEIN4362170833
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01900 SPRING RD 310
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1208 EAST BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2360 ESSEX STREET STE 301
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31700 W VAN BUREN ST STE 250
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4225 EAST CHICAGO AVE BOX 4
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OAK BROOK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2HACKENSACK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm4CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060523
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd207601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd360611
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd460611
IRS990ScheduleI/Total501c3OrgCnt05
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt01
IRS990ScheduleM/CarsAndOtherVehiclesGrp/MethodOfDeterminingRevenuesTxt0AUCTION
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt0100000
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0465
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SPORTS EQUIPMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$3.18$2.19$1.35$2.18$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$2.16$1.36$1.46$2.74$1.27
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.62$0.08$1.23$0.57$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.99$0.74$0.77$0.15$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$1.79$1.36$0.55$0.12$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.66$0.64$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.80$0.84$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.00$0.17$0.82$0.86$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.77$0.71$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.50$0.49$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.30$0.26$0.04
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.34$0.33$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.08