Civic Intelligence

Olive Children Foundation

990 • Fiscal year 2023 • EIN 27-1798340

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profilewww.olivechildren.com
43531 Mission BlvdFremont, CA 94539

(510) 557-3337

Siviq Scores

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

Liabilities / Assets

90th percentile

0.73x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.77x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

54th percentile

6.1%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$103,680

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

96th percentile

132%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

44%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$4,193,957

Up $2,389,628 (+132%) from 2022

Net Assets

Up

$1,123,608

Up $164,253 (+17%) from 2022

Liabilities

Up

$3,070,349

Up $2,225,375 (+263%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin54th percentile

Revenue

Up

$4,013,434

Up $1,220,631 (+44%) from 2022

Expenses

Up

$3,766,651

Up $1,383,456 (+58%) from 2022

Net Income

Down

$246,783

Down $162,825 (-40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $8,975Net Assets 2010: $8,9752010Assets 2011: $48,084Liabilities 2011: $61,346Net Assets 2011: -$13,2622011Assets 2012: $148,389Liabilities 2012: $92,849Net Assets 2012: $55,5402012Assets 2013: $204,354Liabilities 2013: $43,583Net Assets 2013: $160,7712013Assets 2014: $217,414Liabilities 2014: $71,795Net Assets 2014: $145,6192014Assets 2015: $275,209Liabilities 2015: $97,557Net Assets 2015: $177,6522015Assets 2016: $305,051Liabilities 2016: $76,507Net Assets 2016: $228,5442016Assets 2017: $286,467Liabilities 2017: $72,447Net Assets 2017: $214,0202017Assets 2018: $287,851Liabilities 2018: $95,588Net Assets 2018: $192,2632018Assets 2019: $326,258Liabilities 2019: $105,960Net Assets 2019: $220,2982019Assets 2020: $965,526Liabilities 2020: $560,413Net Assets 2020: $405,1132020Assets 2021: $1,299,595Liabilities 2021: $749,849Net Assets 2021: $549,7462021Assets 2022: $1,804,329Liabilities 2022: $844,974Net Assets 2022: $959,3552022Assets 2023: $4,193,957Liabilities 2023: $3,070,349Net Assets 2023: $1,123,6082023Assets 2024: $3,939,598Liabilities 2024: $2,506,117Net Assets 2024: $1,433,4812024

Highlighted filing

2023

Assets$4,193,957
Liabilities$3,070,349
Net Assets$1,123,608
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $48,292Expenses 2010: $75,610Net Income 2010: -$27,3182010Revenue 2011: $139,675Expenses 2011: $115,676Net Income 2011: $23,9992011Expenses 2012: $285,9542012Revenue 2013: $562,529Expenses 2013: $457,298Net Income 2013: $105,2312013Revenue 2014: $546,265Expenses 2014: $561,417Net Income 2014: -$15,1522014Revenue 2015: $890,648Expenses 2015: $858,615Net Income 2015: $32,0332015Revenue 2016: $961,134Expenses 2016: $910,242Net Income 2016: $50,8922016Revenue 2017: $447,236Expenses 2017: $461,760Net Income 2017: -$14,5242017Revenue 2018: $654,479Expenses 2018: $676,236Net Income 2018: -$21,7572018Revenue 2019: $1,209,394Expenses 2019: $1,181,359Net Income 2019: $28,0352019Revenue 2020: $1,332,047Expenses 2020: $1,147,232Net Income 2020: $184,8152020Revenue 2021: $1,982,840Expenses 2021: $1,838,207Net Income 2021: $144,6332021Revenue 2022: $2,792,803Expenses 2022: $2,383,195Net Income 2022: $409,6082022Revenue 2023: $4,013,434Expenses 2023: $3,766,651Net Income 2023: $246,7832023Revenue 2024: $4,591,886Expenses 2024: $4,282,013Net Income 2024: $309,8732024

Highlighted filing

2023

Revenue$4,013,434
Expenses$3,766,651
Net Income$246,783
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$4,013,434
Mission and Program Overview

Mission

Our mission is to build character and leadership skills through a combination of training, practice, and service. Students learn greater world awareness as well as how leadership can enhance their learning experience.

We organize and encourage our students to participate in a variety of service learning projects in our community, including volunteerism at the Aegis Senior Center and Adobe Homeless Center as well as philanthropic donations to World Visions Gift Program. Our goal is to develop happy, healthy, and hopeful leaders

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$981,248$1,286,462▲ $305,214
Rtn Earn Endowment Incm Other Fnds$876,825$1,123,608▲ $246,783
Cash and Non-Interest-Bearing Accounts$455,855$864,195▲ $408,340
Land, Buildings, and Equipment, Net$181,707$398,439▲ $216,732
Accounts Receivable$31,175$161,792▲ $130,617
Loans From Officers Directors-$100,000-
Receivables From Officers Etc$151,315$47,920▼ $103,395
Total Assets$3,578,882$4,193,957▲ $615,075
Other Assets Total$1,777,582$1,435,149▼ $342,433
Liabilities
Other Liabilities$2,303,864$1,957,987▼ $345,877
Deferred Revenue$269,232$826,710▲ $557,478
Accounts Payable and Accrued Expenses$17,900$94,080▲ $76,180
Unsecured Notes Loans Payable$111,061$91,572▼ $19,489
Total Liabilities$2,702,057$3,070,349▲ $368,292
Net Assets / Fund Balance
Total Net Assets Fund Balance$876,825$1,123,608▲ $246,783
Total Liabilities and Net Assets / Fund Balance$3,578,882$4,193,957▲ $615,075

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$128,865$268,389$397,254
Leasehold Improvements$235,075$13,044$248,119
Other Land Buildings$30,203$19,006$49,209
Buildings$7,032$1,918$8,950
Investment Program Related Org$1,286,462--
Other Assets Org$33,500--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kweiwhei JenPresidentFT$103,680$103,680

Board Members and Trustees

NameTitle
Phoebe JenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$397,376
Program Service Revenue
$3,581,952
Investment Income
$5,214
Other Revenue
$28,892
All Other Contributions
$397,376
Change in Net Assets
$246,783

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,013,434
Total Revenue per Audited Statements
$4,013,434
Total Revenue per Form 990
$4,013,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,056,356
Salaries, Compensation, and Employee Benefits$710,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,081,585$203,947-$2,285,532
Occupancy$537,152$85,990-$623,142
Other Salaries and Wages$374,110$133,303-$507,413
Current Officers, Directors, Trustees, and Key Employees-$103,680-$103,680
Depreciation Depletion-$61,993-$61,993
Payroll Taxes$45,628$4,970-$50,598
Other Employee Benefits-$48,604-$48,604
Fees for Services Accounting-$47,118-$47,118
Advertising$7,035$9,720-$16,755
Interest-$13,573-$13,573
Insurance$45$8,198-$8,243
Total Functional Expenses$3,045,555$721,096$0$3,766,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,766,651
Total Expenses per Audited Statements$3,766,651
Total Expenses per Form 990$3,766,651
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$100,000-
Receivables from Officers, Directors, Trustees, and Key Employees$151,315$47,920▼ $103,395
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
EIDL Loan$1,478,740
Federal income taxes$479,247
Operating lease liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Olive Children Foundation
EIN
27-1798340
Phone
5105573337
Address
43531 Mission Blvd, Fremont, CA 94539

Signing Officer

Name
Kweiwhei Jen
Title
President
Phone
5105573337
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kweiwhei Jen
Formed
2010
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
18

Preparer

Firm
Nelson N Hsiu CPA Inc
Address
39843 Paseo Padre Pkwy Suite B, Fremont, CA 94538
Preparer
Nelson Hsiu
Phone
5104902669
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2

“President Kweiwhei Jen mother owns 90 interest and Treasurer Phoebe Jen daughter owns 10 interest of this Company.”

Form 990, Part XII, Line 1

“The entity engaged an independent auditor to conduct audit report and switch to accrual basis.”

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IRS990ScheduleA/PublicSupportPY509Pct00.99680
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IRS990ScheduleA/PublicSupportTotal509Amt014188583
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01171195
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011121834
IRS990ScheduleA/TotalSupportAmt011121834
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014257342
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
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07032
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08950
IRS990ScheduleD/EquipmentGrp/BookValueAmt0128865
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0268389
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0397254
IRS990ScheduleD/ExpensesSubtotalAmt03766651
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01286462
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investment - Preschool
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Due from Little Steamer
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0235075
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013044
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0248119
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt052971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11348678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Operating Right of Use Assets
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EIDL Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Operating lease liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/TotalLiabilityAmt01957987
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Edumax Inc
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Short-term loan from an affiliated entity and repaid April 2024.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Same officer with the Foundation
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IRS990ScheduleL/TotalBalanceDueAmt0100000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President Kweiwhei Jen mother owns 90 interest and Treasurer Phoebe Jen daughter owns 10 interest of this Company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The entity engaged an independent auditor to conduct audit report and switch to accrual basis.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XII, Line 1
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt03070349
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04193957
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0111061
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt091572
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt043531 Mission Blvd
IRS990/USAddress/CityNm0Fremont
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094539
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.olivechildren.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kweiwhei Jen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05105573337
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Olive Children Foundation
ReturnHeader/Filer/BusinessNameControlTxt0OLIV

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,193,957
Liabilities
$3,070,349
Net assets
$1,123,608
Revenue
$4,013,434
Expenses
$3,766,651
Net income
$246,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$2.51$1.43$4.59$4.28$0.31
2023Detailed filing. Detailed filing data is available for this year.$4.19$3.07$1.12$4.01$3.77$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.84$0.96$2.79$2.38$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.75$0.55$1.98$1.84$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.56$0.41$1.33$1.15$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.11$0.22$1.21$1.18$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.10$0.19$0.65$0.68$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.07$0.21$0.45$0.46$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.08$0.23$0.96$0.91$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.10$0.18$0.89$0.86$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.07$0.15$0.55$0.56$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.04$0.16$0.56$0.46$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.09$0.06$0.29
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.06$0.01$0.14$0.12$0.02
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.01$0.05$0.08$0.03