Re Olds Foundation

East Lansing, MI
Tax-exempt since Sept. 1942
EIN: 38-1485403

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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.

Donations to this organization are tax deductible.

Revenue

$315k (2024)

Expenses

$333k (2024)

Total Assets

$4.5M (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

$314,946

Expenses

$332,649

Net Income

-$17,703

Net Assets

$4,498,514

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$391	0.1%
Dividends	$107,620	34.2%
Sales of Assets	$204,836	65.0%
Other Income	$2,099	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,062	92.3%
Compensation of Officers*	$3,621	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,498,514
Total Liabilities	$0
Net Assets	$4,498,514

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,621	$0
Emily Polo Reo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0

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990-PF

Filed on Oct. 29, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$273,833

Expenses

$287,674

Net Income

-$13,841

Net Assets

$4,324,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$377	0.1%
Dividends	$98,761	36.1%
Sales of Assets	$172,835	63.1%
Other Income	$1,860	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,875	82.3%
Compensation of Officers*	$3,430	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,339,789
Total Liabilities	$15,000
Net Assets	$4,324,789

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,430	$0
Emily Polo Reo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0

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990-PF

Filed on May 6, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$286,561

Expenses

$317,077

Net Income

-$30,516

Net Assets

$4,075,129

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$117	0.0%
Dividends	$86,893	30.3%
Sales of Assets	$195,930	68.4%
Other Income	$3,621	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$276,565	87.2%
Compensation of Officers*	$2,610	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,160,129
Total Liabilities	$85,000
Net Assets	$4,075,129

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$2,610	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0

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990-PF

Filed on May 9, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$367,050

Expenses

$309,795

Net Income

$57,255

Net Assets

$5,080,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$78,860	21.5%
Sales of Assets	$285,125	77.7%
Other Income	$3,053	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$266,350	86.0%
Compensation of Officers*	$3,784	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,115,639
Total Liabilities	$35,000
Net Assets	$5,080,639

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,784	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on Feb. 11, 2023

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

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Fiscal Year Ending Dec.
2020

Revenue

$421,905

Expenses

$308,786

Net Income

$113,119

Net Assets

$4,656,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.0%
Dividends	$85,778	20.3%
Sales of Assets	$333,734	79.1%
Other Income	$2,368	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,715	77.3%
Compensation of Officers*	$2,714	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,726,673
Total Liabilities	$70,000
Net Assets	$4,656,673

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$2,714	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$465,620

Expenses

$372,538

Net Income

$93,082

Net Assets

$4,103,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$164	0.0%
Dividends	$98,710	21.2%
Sales of Assets	$364,157	78.2%
Other Income	$2,589	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$232,675	62.5%
Compensation of Officers*	$3,108	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,198,714
Total Liabilities	$95,000
Net Assets	$4,103,714

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,108	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$195,772

Expenses

$249,726

Net Income

-$53,954

Net Assets

$3,580,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.0%
Dividends	$106,054	54.2%
Sales of Assets	$80,878	41.3%
Other Income	$8,792	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$214,958	86.1%
Compensation of Officers*	$3,561	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,600,056
Total Liabilities	$20,000
Net Assets	$3,580,056

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,561	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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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

$361,857

Expenses

$273,885

Net Income

$87,972

Net Assets

$4,008,736

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$108,115	29.9%
Sales of Assets	$249,485	68.9%
Other Income	$4,239	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$240,772	87.9%
Compensation of Officers*	$3,305	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,078,736
Total Liabilities	$70,000
Net Assets	$4,008,736

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,305	$0
Diana Tarpoff (Co Chair)	$0	$0
Deborah Stephens (Co Chair)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on July 5, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$143,601

Expenses

$249,522

Net Income

-$105,921

Net Assets

$3,809,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$850	0.6%
Dividends	$110,010	76.6%
Sales of Assets	$31,344	21.8%
Other Income	$1,397	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$195,731	78.4%
Compensation of Officers*	$4,036	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,874,187
Total Liabilities	$65,000
Net Assets	$3,809,187

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$4,036	$0
Diana Tarpoff (President)	$0	$0
Deborah Stephens (Vp & Treasur)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on May 15, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$630,524

Expenses

$237,546

Net Income

$392,978

Net Assets

$3,704,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,158	0.3%
Dividends	$107,534	17.1%
Sales of Assets	$499,377	79.2%
Other Income	$21,455	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$195,300	82.2%
Compensation of Officers*	$3,641	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,765,299
Total Liabilities	$60,500
Net Assets	$3,704,799

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,641	$0
Diana Tarpoff (Vice Preside)	$0	$0
Deborah Stephens (President)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on Aug. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$199,057

Expenses

$244,728

Net Income

-$45,671

Net Assets

$3,950,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,893	5.0%
Dividends	$85,610	43.0%
Sales of Assets	$94,807	47.6%
Other Income	$8,747	4.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$210,555	86.0%
Compensation of Officers*	$3,004	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,020,298
Total Liabilities	$70,000
Net Assets	$3,950,298

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,004	$0
Diana Tarpoff (President)	$0	$0
Deborah Stephens (Treasurer)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0

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990-PF

Filed on May 14, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$146,713

Expenses

$281,308

Net Income

-$134,595

Net Assets

$3,682,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$63	0.0%
Dividends	$99,605	67.9%
Sales of Assets	$29,062	19.8%
Other Income	$17,983	12.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,450	74.1%
Compensation of Officers*	$3,383	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,805,105
Total Liabilities	$122,624
Net Assets	$3,682,481

Compensation

Key Employees and Officers	Compensation	Other
Patti Schafer (Secretary)	$3,383	$0
Diana Tarpoff (President)	$0	$0
Deborah Stephens (Treasurer)	$0	$0
Emily Polo Tate (Director)	$0	$0
Greggory Stephens (Director)	$0	$0
Edward Mcree (Former Director)	$0	$0
Ron Beckwith (Former Director)	$0	$0

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990-PF

Filed on May 15, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$166,021

Expenses

$219,249

Net Income

-$53,228

Net Assets

$3,278,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.0%
Dividends	$120,569	72.6%
Sales of Assets	$25,804	15.5%
Other Income	$19,600	11.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,850	81.6%
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	$3,373,582
Total Liabilities	$94,934
Net Assets	$3,278,648

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$300,597

Expenses

$209,970

Net Income

$90,627

Net Assets

$3,149,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$116	0.0%
Dividends	$92,783	30.9%
Sales of Assets	$197,839	65.8%
Other Income	$9,859	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,375	76.4%
Compensation of Officers*	$4,473	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,285,670
Total Liabilities	$136,132
Net Assets	$3,149,538

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Re Olds Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $315k (2024)

Expenses $333k (2024)

Total Assets $4.5M (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$315k (2024)

Expenses

$333k (2024)

Total Assets

$4.5M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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2002

Fiscal Year Ending Dec.
2001