Nancy Nichols Olson Foundtion

Rockford, IL
Tax-exempt since June 1997
EIN: 36-4108737

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$37.2k (2024)

Expenses

$90.4k (2024)

Total Assets

$121k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$37,210

Expenses

$90,376

Net Income

-$53,166

Net Assets

$121,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$6,631	17.8%
Sales of Assets	$30,561	82.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,250	52.3%
Compensation of Officers*	$40,000	44.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$121,090
Total Liabilities	$0
Net Assets	$121,090

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$40,000	$0

990-PF

Filed on April 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$51,760

Expenses

$40,288

Net Income

$11,472

Net Assets

$174,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$7,702	14.9%
Sales of Assets	$44,045	85.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,100	44.9%
Compensation of Officers*	$20,000	49.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$174,256
Total Liabilities	$0
Net Assets	$174,256

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$20,000	$0

990-PF

Filed on April 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$8,283

Expenses

$44,974

Net Income

-$36,691

Net Assets

$162,784

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.1%
Dividends	$6,052	73.1%
Sales of Assets	$2,226	26.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,950	44.4%
Compensation of Officers*	$21,000	46.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$162,784
Total Liabilities	$0
Net Assets	$162,784

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$21,000	$0

990-PF

Filed on April 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$41,140

Expenses

$46,640

Net Income

-$5,500

Net Assets

$199,475

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$6,580	16.0%
Sales of Assets	$34,558	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,500	54.7%
Compensation of Officers*	$16,000	34.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$199,475
Total Liabilities	$0
Net Assets	$199,475

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$16,000	$0

990-PF

Filed on April 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$27,458

Expenses

$25,173

Net Income

$2,285

Net Assets

$204,974

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$8,125	29.6%
Sales of Assets	$19,329	70.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,250	28.8%
Compensation of Officers*	$16,000	63.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$204,975
Total Liabilities	$1
Net Assets	$204,974

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$16,000	$0

990-PF

Filed on May 3, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$18,805

Expenses

$17,219

Net Income

$1,586

Net Assets

$202,689

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,344	44.4%
Sales of Assets	$10,423	55.4%
Other Income	$38	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,600	49.9%
Compensation of Officers*	$6,500	37.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$202,690
Total Liabilities	$1
Net Assets	$202,689

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$6,500	$0

990-PF

Filed on Aug. 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$15,178

Expenses

$21,228

Net Income

-$6,050

Net Assets

$201,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,852	51.7%
Sales of Assets	$7,309	48.2%
Other Income	$17	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,760	27.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$201,104
Total Liabilities	$0
Net Assets	$201,104

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$0	$0

990-PF

Filed on May 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$30,675

Expenses

$16,948

Net Income

$13,727

Net Assets

$207,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,272	23.7%
Sales of Assets	$23,380	76.2%
Other Income	$23	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,095	65.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$207,154
Total Liabilities	$0
Net Assets	$207,154

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$0	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2016

Revenue

$14,147

Expenses

$22,003

Net Income

-$7,856

Net Assets

$193,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,395	45.2%
Sales of Assets	$4,818	34.1%
Other Income	$2,934	20.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,535	75.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$193,427
Total Liabilities	$0
Net Assets	$193,427

Compensation

Key Employees and Officers	Compensation	Other
Nobel D Olson (Director)	$0	$0

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$11,248

Expenses

$20,477

Net Income

-$9,229

Net Assets

$201,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,298	56.0%
Sales of Assets	$4,950	44.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,023	88.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$201,283
Total Liabilities	$0
Net Assets	$201,283

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$17,556

Expenses

$27,671

Net Income

-$10,115

Net Assets

$210,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,016	34.3%
Sales of Assets	$11,400	64.9%
Other Income	$140	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,335	91.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$210,512
Total Liabilities	$0
Net Assets	$210,512

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$17,957

Expenses

$20,076

Net Income

-$2,119

Net Assets

$220,627

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,786	32.2%
Sales of Assets	$12,153	67.7%
Other Income	$18	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,770	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$220,627
Total Liabilities	$0
Net Assets	$220,627

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$10,490

Expenses

$14,417

Net Income

-$3,927

Net Assets

$222,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,796	64.8%
Sales of Assets	$3,358	32.0%
Other Income	$336	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,142	84.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$222,746
Total Liabilities	$0
Net Assets	$222,746

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$12,780

Expenses

$17,186

Net Income

-$4,406

Net Assets

$226,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,271	56.9%
Sales of Assets	$5,509	43.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,932	86.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$226,673
Total Liabilities	$0
Net Assets	$226,673

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Updated March 23, 2026

Nancy Nichols Olson Foundtion

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $37.2k (2024)

Expenses $90.4k (2024)

Total Assets $121k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$37.2k (2024)

Expenses

$90.4k (2024)

Total Assets

$121k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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