Civic Intelligence

Olney Friends School Inc.

990 • Fiscal year 2016 • EIN 34-0235480

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 13, 2017

Organization ProfileWWW.OLNEYFRIENDS.ORG

View Organization Page

61830 Sandy Ridge RoadBarnesville, OH 43713

(740) 425-3655

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-17%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$3,082,256

Down $544,345 (-15%) from 2015

Net Assets

Down

$2,806,530

Down $473,804 (-14%) from 2015

Liabilities

Down

$275,726

Down $70,541 (-20%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin12th percentile

Revenue

Down

$1,610,131

Down $328,567 (-17%) from 2015

Expenses

Down

$2,039,637

Down $198,194 (-8.9%) from 2015

Net Income

Down

-$429,506

Down $130,373 (-44%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,343,212Liabilities 2010: $336,978Net Assets 2010: $3,006,2342010Assets 2011: $3,284,311Liabilities 2011: $343,441Net Assets 2011: $2,940,8702011Assets 2015: $3,626,601Liabilities 2015: $346,267Net Assets 2015: $3,280,3342015Assets 2016: $3,082,256Liabilities 2016: $275,726Net Assets 2016: $2,806,5302016Assets 2017: $3,054,006Liabilities 2017: $555,219Net Assets 2017: $2,498,7872017Assets 2018: $3,220,797Liabilities 2018: $710,474Net Assets 2018: $2,510,3232018Assets 2019: $2,849,213Liabilities 2019: $708,209Net Assets 2019: $2,141,0042019Assets 2020: $3,051,088Liabilities 2020: $804,013Net Assets 2020: $2,247,0752020Assets 2021: $2,903,959Liabilities 2021: $751,811Net Assets 2021: $2,152,1482021Assets 2022: $2,642,315Liabilities 2022: $746,098Net Assets 2022: $1,896,2172022Assets 2023: $2,696,027Liabilities 2023: $825,684Net Assets 2023: $1,870,3432023Assets 2024: $3,323,718Liabilities 2024: $766,623Net Assets 2024: $2,557,0952024Assets 2025: $3,390,329Liabilities 2025: $810,398Net Assets 2025: $2,579,9312025

Highlighted filing

2016

Assets$3,082,256
Liabilities$275,726
Net Assets$2,806,530
Open 2016 Filing

Operations Trend

Revenue Growth18th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,173,6962010Expenses 2011: $2,252,0842011Revenue 2015: $1,938,698Expenses 2015: $2,237,831Net Income 2015: -$299,1332015Revenue 2016: $1,610,131Expenses 2016: $2,039,637Net Income 2016: -$429,5062016Revenue 2017: $2,301,761Expenses 2017: $2,685,262Net Income 2017: -$383,5012017Revenue 2018: $2,565,268Expenses 2018: $2,532,094Net Income 2018: $33,1742018Revenue 2019: $1,825,719Expenses 2019: $2,176,250Net Income 2019: -$350,5312019Revenue 2020: $2,281,047Expenses 2020: $2,173,150Net Income 2020: $107,8972020Revenue 2021: $1,800,316Expenses 2021: $1,963,319Net Income 2021: -$163,0032021Revenue 2022: $1,857,400Expenses 2022: $1,935,037Net Income 2022: -$77,6372022Revenue 2023: $2,149,669Expenses 2023: $2,233,076Net Income 2023: -$83,4072023Revenue 2024: $2,740,362Expenses 2024: $2,071,932Net Income 2024: $668,4302024Revenue 2025: $2,432,843Expenses 2025: $2,458,692Net Income 2025: -$25,8492025

Highlighted filing

2016

Revenue$1,610,131
Expenses$2,039,637
Net Income-$429,506
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,610,131
Mission and Program Overview

Mission

To operate a Quaker coeducational high school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,191,611$2,141,668▼ $49,943
Investments in Publicly Traded Securities$1,176,473$849,106▼ $327,367
Investments Other Securities$105,000--
Cash and Non-Interest-Bearing Accounts$102,059$87,347▼ $14,712
Other Notes and Loans Receivable, Net-$2,130-
Prepaid Expenses and Deferred Charges$1,354--
Pledges and Grants Receivable$47,185$1,350▼ $45,835
Accounts Receivable$2,919$655▼ $2,264
Total Assets$3,626,601$3,082,256▼ $544,345
Liabilities
Deferred Revenue$329,110$177,436▼ $151,674
Other Liabilities$4,319$85,793▲ $81,474
Accounts Payable and Accrued Expenses$12,838$12,497▼ $341
Total Liabilities$346,267$275,726▼ $70,541
Net Assets / Fund Balance
Unrestricted Net Assets$2,605,110$2,166,196▼ $438,914
Permanently Rstr Net Assets$640,224$640,334▲ $110
Temporarily Rstr Net Assets$35,000$0▼ $35,000
Total Net Assets Fund Balance$3,280,334$2,806,530▼ $473,804
Total Liabilities and Net Assets / Fund Balance$3,626,601$3,082,256▼ $544,345

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,855,894$564,087$2,419,981
Equipment$105,706$333,522$439,228
Leasehold Improvements$50,748$111,393$162,141
Land$129,320-$129,320

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$848,053$7,954▼ $13,083$50,016$792,908
2014$1,221,284$119,793▲ $30,518$523,542$848,053
2013$824,289$602,557▲ $195,366$400,298$1,221,284
2012$758,209$24,462▲ $132,107$90,489$824,289
2011$784,079$26,214▼ $8,654$43,430$758,209
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dorothy ChurchwellTrustee
Elizabeth SikkengaTrustee
Lars EtzkornTrustee
Pete VailTrustee
Ron PrestonTrustee
Sam LeathTrustee
Sara HorsfallTrustee
Beata Peck LittleClerk
Melinda CramerClerk
Judy StanfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,770
Program Service Revenue
$1,320,609
Investment Income
$5,752
Other Revenue
$0
All Other Contributions
$277,770
Change in Net Assets
$-429,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,173,200
Revenue Not Reported on Financial Statements
$436,931
Revenue Not Reported on Form 990
$-44,298
Other Revenue Adjustments
$430,957
Total Revenue per Audited Statements
$1,128,902
Total Revenue per Form 990
$1,610,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$989,464
Other Expenses$619,216
Grants and Similar Amounts Paid$430,957
Total Fundraising Expense$61,785
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$664,211$97,202$48,601$810,014
Grants to Domestic Individuals$430,957--$430,957
Depreciation Depletion$127,583--$127,583
Occupancy$85,972$4,525-$90,497
Other Employee Benefits$68,928$7,213$4,007$80,148
Payroll Taxes$50,203$7,437$4,339$61,979
Advertising$49,371-$2,599$51,970
Insurance-$42,717-$42,717
Pension Plan Contributions$30,605$4,479$2,239$37,323
Office Expenses$9,150$14,312-$23,462
Fees for Services Other-$10,419-$10,419
Other Expenses$9,610$8,163-$9,610
Fees for Services Accounting-$7,250-$7,250
All Other Expenses$6,629--$6,629
Fees for Service Investment Mgmnt Fees$5,974--$5,974
Travel$3,351$946-$4,297
Fees for Services Legal-$1,065-$1,065
Interest$505--$505
Total Functional Expenses$1,762,501$215,351$61,785$2,039,637

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,039,637
Expenses per Audited Statements$1,602,706
Total Expenses per Audited Statements$1,602,706
Expenses Not Reported on Financial Statements$436,931
Other Expense Adjustments$430,957
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$83,882
Agency Funds$1,911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 B, Line 11

“The head of school and business manager review the annual audit and 990 prior to submission.”

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

“The board of trustees code of regulations contains a conflict of interest policy. The trustees committee reviews potential board candidates to assure that no trustee has a conflict of interest coming onto the board”

Form 990, Part VI, Section B, Line 15

“The board of trustees committee on trustees determines the compensation for the head of the school.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy or financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Olney Friends School Inc
EIN
34-0235480
Phone
7404253655
Address
61830 SANDY RIDGE ROAD, BARNESVILLE, OH 43713

Signing Officer

Name
Lars Etzkorn
Title
Treasurer
Phone
7404253655
Signed
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lars Etzkorn
Formed
1999
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
44
Volunteers
12

Preparer

Firm
PERRY & ASSOCIATES CPA'S AC
Address
104 SOUTH SUGAR STREET, SAINT CLAIRSVILLE, OH 43950
Preparer
Michael a Musilli CPA
Phone
7406951569
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states require management to evaluate tax positions taken by olney and recognize a tax liability (or asset) if olney has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service (irs). Management has analyzed the tax positions taken by olney, and has concluded that as of june 30, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Olney is subject to routine audits by taxing jurisdictions, however, there are currently no audits for any tax periods in progress. Olney's federal return of organization exempt from income tax (federal form 990) for 2013, 2014 and 2015 are subject to examination by the irs, generally for three years after they were filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships and discounts 430,957.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarhips and discounts 430,957.”

Raw XML AppendixShowing 400 of 518 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.

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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04525
IRS990/OccupancyGrp/ProgramServicesAmt085972
IRS990/OccupancyGrp/TotalAmt090497
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014312
IRS990/OfficeExpensesGrp/ProgramServicesAmt09150
IRS990/OfficeExpensesGrp/TotalAmt023462
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04007
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07213
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt068928
IRS990/OtherEmployeeBenefitsGrp/TotalAmt080148
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09623
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18163
IRS990/OtherExpensesGrp/ProgramServicesAmt0150772
IRS990/OtherExpensesGrp/ProgramServicesAmt159474
IRS990/OtherExpensesGrp/ProgramServicesAmt29206
IRS990/OtherExpensesGrp/ProgramServicesAmt39610
IRS990/OtherExpensesGrp/TotalAmt0160395
IRS990/OtherExpensesGrp/TotalAmt159474
IRS990/OtherExpensesGrp/TotalAmt217369
IRS990/OtherExpensesGrp/TotalAmt39610
IRS990/OtherLiabilitiesGrp/BOYAmt04319
IRS990/OtherLiabilitiesGrp/EOYAmt085793
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048601
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt097202
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0664211
IRS990/OtherSalariesAndWagesGrp/TotalAmt0810014
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02130
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04339
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07437
IRS990/PayrollTaxesGrp/ProgramServicesAmt050203
IRS990/PayrollTaxesGrp/TotalAmt061979
IRS990/PensionPlanContributionsGrp/FundraisingAmt02239
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04479
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030605
IRS990/PensionPlanContributionsGrp/TotalAmt037323
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0640224
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0640334
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047185
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01350
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01354
IRS990/PrincipalOfficerNm0LARS ETZKORN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILIARY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FARM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01143807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1101131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247845
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01143807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1101131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247845
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327826
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT SERVICES FOR EDUCATIONAL INSTITUTION SUCH AS FOOD AND KITCHEN PROVISIONS, BOOKSTORE SUPPLIES, MEDICAL SUPPLIES AND YEARBOOK EXPENSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0249518
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0101131
IRS990/ProgSrvcAccomActy3Grp/Desc0ACADEMIC SUPPORT FOR EDUCATIONAL INSTITUTION SUCH AS ADMISSIONS, LIBRARY AND INFORMATION TECHNOLOGY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0102770
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE SCHOOL FARM PROVIDED EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS IN THE AREAS OF AGRICULTURE AND ENVIRONMENTAL STUDIES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0630353
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt081423
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0458754
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0447600
IRS990/PYInvestmentIncomeAmt073677
IRS990/PYOtherExpensesAmt0660610
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01406267
IRS990/PYRevenuesLessExpensesAmt0-299133
IRS990/PYSalariesCompEmpBnftPaidAmt01129621
IRS990/PYTotalExpensesAmt02237831
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01938698
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-429506
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01143807
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt01855894
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0564087
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02419981
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0848053
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07954
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0792908
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-13083
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt050016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01221284
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0119793
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0848053
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030518
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0523542
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0824289
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0602557
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01221284
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0195366
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0400298
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0758209
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt024462
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0824289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0132107
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt090489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0784079
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt026214
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0758209
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-8654
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt043430
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0333522
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0439228
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0436931
IRS990ScheduleD/ExpensesSubtotalAmt01602706
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05974
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05974
IRS990ScheduleD/LandGrp/BookValueAmt0129320
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129320
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt050748
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111393
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0162141
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-44298
IRS990ScheduleD/OtherExpensesNotIncludedAmt0430957
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt183882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENCY FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0430957
IRS990ScheduleD/RevenueNotReportedAmt0-44298
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0436931
IRS990ScheduleD/RevenueSubtotalAmt01173200
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY OLNEY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF OLNEY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY OLNEY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. OLNEY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. OLNEY'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FEDERAL FORM 990) FOR 2013, 2014 AND 2015 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AND DISCOUNTS 430,957.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARHIPS AND DISCOUNTS 430,957.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02141668
IRS990ScheduleD/TotalExpensesPerForm990Amt02039637
IRS990ScheduleD/TotalLiabilityAmt085793
IRS990ScheduleD/TotalRevenuePerForm990Amt01610131
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01128902
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01602706
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,082,256
Liabilities
$275,726
Net assets
$2,806,530
Revenue
$1,610,131
Expenses
$2,039,637
Net income
-$429,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.39$0.81$2.58$2.43$2.46$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.32$0.77$2.56$2.74$2.07$0.67
2023Detailed filing. Detailed filing data is available for this year.$2.70$0.83$1.87$2.15$2.23$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.64$0.75$1.90$1.86$1.94$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.90$0.75$2.15$1.80$1.96$0.16
2020Detailed filing. Detailed filing data is available for this year.$3.05$0.80$2.25$2.28$2.17$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.85$0.71$2.14$1.83$2.18$0.35
2018Detailed filing. Detailed filing data is available for this year.$3.22$0.71$2.51$2.57$2.53$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.05$0.56$2.50$2.30$2.69$0.38
2016Detailed filing. Detailed filing data is available for this year.$3.08$0.28$2.81$1.61$2.04$0.43
2015Detailed filing. Detailed filing data is available for this year.$3.63$0.35$3.28$1.94$2.24$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.34$2.94$2.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.34$3.01$2.17