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

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.00x

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

NTEE B82 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.00x

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

NTEE B82 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

11%

Higher net margin than 49% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$6,962

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets83rd percentile

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
Liabilities / Revenue82nd percentileNet Margin49th percentile

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

Asset GrowthScore unavailable

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
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,317
Liabilities
$0
Net assets
$68,317
Revenue
$66,810
Expenses
$59,635
Net income
$7,175
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
Top Officer Pay97th percentile

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^”

Raw XML Appendix188 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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IRS990EZ/PrimaryExemptPurposeTxt0Olas 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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Program 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02076910588
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ReturnHeader/Filer/EIN0854357815
ReturnHeader/Filer/PhoneNum02076910588
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ReturnHeader/TaxYr02024

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