Civic Intelligence

Olas Foundation

EIN 85-4357815 • 501(c)3 • Hope, ME

990-N CoverageNTEE B82

Profile

Olas Foundation's primary exempt purpose is to support women in an at-risk community in Guatemala City (Zones 3 and 7) as conversational Spanish tutors through training, holistic support, and connection to students and educational partners, so they can develop key professional skills and build self-confidence. We also support high school and college students in the US by creating meaningful opportunities for language and cultural exchange.

31 Durkee DrHope, ME 04847

www.projectolas.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$68,317

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$68,317

No earlier filing loaded for comparison.

Operations

Revenue

$66,810

No earlier filing loaded for comparison.

Expenses

$59,635

No earlier filing loaded for comparison.

Net Income

$7,175

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2024: $68,317Liabilities 2024: $0Net Assets 2024: $68,3172024

Highlighted filing

2024

Assets$68,317
Liabilities$0
Net Assets$68,317

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2024: $66,810Expenses 2024: $59,635Net Income 2024: $7,1752024

Highlighted filing

2024

Revenue$66,810
Expenses$59,635
Net Income$7,175

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.3$0.00$68.3$66.8$59.6$7.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$66,810
Mission and Program Overview

Mission

Olas Foundation's primary exempt purpose is to support women in an at-risk community in Guatemala City (Zones 3 and 7) as conversational Spanish tutors through training, holistic support, and connection to students and educational partners, so they can develop key professional skills and build self-confidence. We also support high school and college students in the US by creating meaningful opportunities for language and cultural exchange.

Program Services

DescriptionGrantsExpenses
Program Name: Employment Training & Opportunities for Vulnerable Women Mission: To create sustainable work opportunities for vulnerable women in Zones 3 and 7 of Guatemala City by training them as conversational Spanish tutors, providing holistic emotional and material support, and connecting them with Spanish learners around the world. Activities: The program offers training in technology literacy, Spanish tutoring techniques, English language skills, and time management. We also promote "Olas Spanish" tutoring sessions through various platforms to connect women with global Spanish learners, enabling them to earn income and develop key professional skills. Target Population: Women residing in Zones 3 and 7 of Guatemala City who face significant barriers to traditional employment. Impact: Since launching in 2020, the program has supported over 20 women on their path toward economic stability and holistic wellbeing. Participants have engaged with thousands of Spanish learners, developing professional experience and collectively generating thousands of dollars in income. Resources: The program is supported by five staff members, volunteers, and community partners. Program Expenses: $49,244.34 was spent on staff and participant compensation, training materials, educational tools, and program-related events.$0$49,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rebecca CoxCo-DirectorPT$6,962-$6,962
Sindy Perez EstradaCo-DirectorPT$6,382-$6,382
Joseph CoxTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Olas Foundation
EIN
85-4357815
Phone
2076910588
Address
31 Durkee Dr, Hope, ME 04847

Signing Officer

Name
Rebecca Cox
Title
Co-Director
Phone
2076910588
Signed
2025-05-01
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Individualized Olas mom support;1635|Travel;209|Value of Google Ad Grant;4186|Language Conferences;575^Total;6605^

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