Civic Intelligence

Olm Strong Foundation Inc

990 • Fiscal year 2022 • EIN 82-4728366

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileN/A
3 Matthew CTMadison, CT 06443

(203) 689-5101

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

100th percentile

2119%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

236%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,323,346

Up $2,218,621 (+2119%) from 2021

Net Assets

Up

$2,323,346

Up $2,218,621 (+2119%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin94th percentile

Revenue

Up

$2,825,053

Up $1,985,043 (+236%) from 2021

Expenses

Up

$873,932

Up $164,991 (+23%) from 2021

Net Income

Up

$1,951,121

Up $1,820,052 (+1389%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $486,812Liabilities 2018: $0Net Assets 2018: $486,8122018Assets 2019: $30,125Liabilities 2019: $25,000Net Assets 2019: $5,1252019Assets 2020: $3,661Liabilities 2020: $30,005Net Assets 2020: -$26,3442020Assets 2021: $104,725Liabilities 2021: $0Net Assets 2021: $104,7252021Assets 2022: $2,323,346Liabilities 2022: $0Net Assets 2022: $2,323,3462022Assets 2023: $2,243,663Liabilities 2023: $15,000Net Assets 2023: $2,228,6632023Assets 2024: $2,194,325Liabilities 2024: $0Net Assets 2024: $2,194,3252024

Highlighted filing

2022

Assets$2,323,346
Liabilities$0
Net Assets$2,323,346
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,276,734Expenses 2018: $789,922Net Income 2018: $486,8122018Revenue 2019: $830,231Expenses 2019: $1,311,918Net Income 2019: -$481,6872019Revenue 2020: $594,010Expenses 2020: $625,479Net Income 2020: -$31,4692020Revenue 2021: $840,010Expenses 2021: $708,941Net Income 2021: $131,0692021Revenue 2022: $2,825,053Expenses 2022: $873,932Net Income 2022: $1,951,1212022Revenue 2023: $340,756Expenses 2023: $435,439Net Income 2023: -$94,6832023Revenue 2024: $410,114Expenses 2024: $444,452Net Income 2024: -$34,3382024

Highlighted filing

2022

Revenue$2,825,053
Expenses$873,932
Net Income$1,951,121
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$2,825,053
Mission and Program Overview

Mission

The purpose of the foundation is to solicit charitable contributions and other funds in order to provide financial support and other benefits such as financial aid and student scholarships to the students of our lady of mercy school of madison, inc.

To operate exclusively for charitable purposes by engaging directly or indirectly in activities in support of such purpose and by making financial and in kind contributions through the use of foundation facilities to organzations, to include our lady of mercy school of madison, inc., that qualfity under section 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$104,725$2,323,346▲ $2,218,621
Land, Buildings, and Equipment, Net$0$2,290,561▲ $2,290,561
Savings and Temporary Cash Investments$104,725$32,785▼ $71,940
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$104,725$2,323,346▲ $2,218,621
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$104,725$2,323,346▲ $2,218,621
Total Liabilities and Net Assets / Fund Balance$104,725$2,323,346▲ $2,218,621

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,859,357$28,233$1,887,590
Land$431,204-$431,204
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Joseph PiagentiniPresident
Gregg LallierBoard Member
John PicardBoard Member
Vlad CoricBoard Member
James EngelhartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,825,033
Program Service Revenue
$0
Investment Income
$20
Other Revenue
$0
All Other Contributions
$2,825,033
Change in Net Assets
$1,951,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$843,050
Other Expenses$30,882
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$843,050--$843,050
Depreciation Depletion$28,233--$28,233
Fees for Services Accounting-$1,500-$1,500
Fees for Services Other-$822-$822
Interest-$327-$327
Total Functional Expenses$871,283$2,649$0$873,932
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Our Lady of Mercy School of Madison IncMadison, CT501(c)(3)Financial Support for Start Up and Operation of School for Grades Pre-k Through 8th Grade.$575,550
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Management duties delegated
No

Governance Explanations

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

“A copy of the form 990 is provided to all directors for their review prior to filing.”

Form 990, Part VI, Section B, Line 15

“Currently compensation policies are not necessary since the organization does not have any compensated officers, management personnel or key employees.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and form 990 are available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents and conflict of interest policy are made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Olm Strong Foundation Inc
EIN
82-4728366
Phone
2036895101
Address
3 MATTHEW CT, MADISON, CT 06443

Signing Officer

Name
Joseph Piagentini
Title
President
Phone
2036895101
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Piagentini
Formed
2018
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
T M Byxbee Company Pc
Address
P O BOX 187169, HAMDEN, CT 06518
Preparer
Albert M Stiewing
Phone
2032814933
Raw XML Appendix381 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENTLY COMPENSATION POLICIES ARE NOT NECESSARY SINCE THE ORGANIZATION DOES NOT HAVE ANY COMPENSATED OFFICERS, MANAGEMENT PERSONNEL OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd006443
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OUR LADY OF MERCY SCHOOL OF MADISON INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0831029360
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt020 ISLAND AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006443
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0843050
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK; RENTAL ESTIMATE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OUR LADY OF MERCY SCHOOL OF MADISON INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0104725
IRS990/TotalAssetsEOYAmt02323346
IRS990/TotalAssetsGrp/BOYAmt0104725
IRS990/TotalAssetsGrp/EOYAmt02323346
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02825033
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02649
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0871283
IRS990/TotalFunctionalExpensesGrp/TotalAmt0873932
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0104725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02323346
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0871283
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02825053
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02323346
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 MATTHEW CT
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006443
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH PIAGENTINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02036895101
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLM STRONG FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OLMS
ReturnHeader/Filer/EIN0824728366
ReturnHeader/Filer/PhoneNum02036895101
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ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006443
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061386456
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T M BYXBEE COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 187169
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006518
ReturnHeader/PreparerPersonGrp/PhoneNum02032814933
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT M STIEWING
ReturnHeader/ReturnTs02023-11-15T14:31:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PIAGENTINI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,323,346
Liabilities
$0
Net assets
$2,323,346
Revenue
$2,825,053
Expenses
$873,932
Net income
$1,951,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.41$0.44$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.02$2.23$0.34$0.44$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$2.83$0.87$1.95
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.84$0.71$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.03$0.03$0.59$0.63$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.01$0.83$1.31$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$1.28$0.79$0.49