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Oleson Foundation

  • Traverse City, MI
  • Tax-exempt since July 1962
  • EIN: 38-6083080

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$1.3M (2024)

Expenses
$2.29M (2024)

Total Assets
$23.1M (2024)

Total Liabilities
$7.99k (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,298,017
Expenses
$2,294,378
Net Income
-$996,361
Net Assets
$23,086,815
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,879
1.5%
Dividends $508,507
39.2%
Sales of Assets -$149,460
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,675,267
73.0%
Compensation of Officers* $105,582
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $23,094,804
Total Liabilities $7,989
Net Assets $23,086,815
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director Thru 9/14/24) $58,088 $0
Stephanie Rustem (Executive Director As Of 3/4/24) $47,494 $0
Martha Oleson (President) $0 $0
Donald M Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
Donald W Oleson (Director) $0 $0
Gerald Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
Brad Oleson (Director) $0 $0
Samantha Oleson Hansen (Director) $0 $0
Benjamin Watts (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on June 13, 2025

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

View Filing
XML
View Filing (2 of 2)

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,803,835
Expenses
$2,009,705
Net Income
-$205,870
Net Assets
$24,083,176
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.2%
Interest Revenue $4,038
0.2%
Dividends $452,006
25.1%
Sales of Assets $446,542
24.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,516,110
75.4%
Compensation of Officers* $69,901
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,084,846
Total Liabilities $1,670
Net Assets $24,083,176
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $68,422 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liasion) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 14, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,263,533
Expenses
$1,637,221
Net Income
$626,312
Net Assets
$24,279,046
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,000
0.2%
Interest Revenue $432
0.0%
Dividends $359,665
15.9%
Sales of Assets $1,053,193
46.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,044,579
63.8%
Compensation of Officers* $68,422
4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,280,789
Total Liabilities $1,743
Net Assets $24,279,046
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $68,422 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liasion) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on June 28, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,100,576
Expenses
$1,694,726
Net Income
$1,405,850
Net Assets
$23,634,994
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.1%
Interest Revenue $25
0.0%
Dividends $344,728
11.1%
Sales of Assets $1,895,794
61.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,200,700
70.8%
Compensation of Officers* $68,154
4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $23,636,717
Total Liabilities $1,723
Net Assets $23,634,994
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $68,154 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liasion) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Sept. 19, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,148,156
Expenses
$1,240,573
Net Income
$907,583
Net Assets
$22,024,480
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.2%
Interest Revenue $29
0.0%
Dividends $358,852
16.7%
Sales of Assets $975,144
45.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $732,896
59.1%
Compensation of Officers* $65,336
5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $22,026,712
Total Liabilities $2,232
Net Assets $22,024,480
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $65,336 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liason) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on July 7, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,637,487
Expenses
$1,225,779
Net Income
$2,411,708
Net Assets
$21,108,394
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,022,301
55.6%
Interest Revenue $77,009
2.1%
Dividends $589,281
16.2%
Sales of Assets $65,254
1.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $756,585
61.7%
Compensation of Officers* $63,871
5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $21,114,518
Total Liabilities $6,124
Net Assets $21,108,394
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $63,871 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liason) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on July 15, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,535,115
Expenses
$1,149,095
Net Income
$386,020
Net Assets
$19,088,444
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.2%
Interest Revenue $161,125
10.5%
Dividends $377,624
24.6%
Sales of Assets $155,651
10.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $646,241
56.2%
Compensation of Officers* $62,369
5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,090,421
Total Liabilities $1,977
Net Assets $19,088,444
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $62,369 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liason) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on July 31, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,990,312
Expenses
$1,069,731
Net Income
$2,920,581
Net Assets
$18,713,385
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,996,815
50.0%
Interest Revenue $126,108
3.2%
Dividends $297,279
7.5%
Sales of Assets $818,120
20.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $595,623
55.7%
Compensation of Officers* $60,869
5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,713,385
Total Liabilities $0
Net Assets $18,713,385
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $60,869 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary) $0 $0
John Tobin (Finance Liason) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 22, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,267,036
Expenses
$748,186
Net Income
$518,850
Net Assets
$16,441,146
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.3%
Interest Revenue $37,176
2.9%
Dividends $360,167
28.4%
Sales of Assets $134,316
10.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $337,755
45.1%
Compensation of Officers* $59,398
7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,444,981
Total Liabilities $3,835
Net Assets $16,441,146
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $59,398 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary/Treasurer) $0 $0
John Tobin (Director) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,694,708
Expenses
$1,660,024
Net Income
$34,684
Net Assets
$15,972,393
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,800
0.3%
Interest Revenue $2,103
0.1%
Dividends $495,770
29.3%
Sales of Assets $450,760
26.6%
Other Income $16,775
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,165,290
70.2%
Compensation of Officers* $60,063
3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,973,856
Total Liabilities $1,463
Net Assets $15,972,393
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $60,063 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary/Treasurer) $0 $0
John Tobin (Director) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on March 8, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,272,090
Expenses
$1,700,129
Net Income
$2,571,961
Net Assets
$16,017,340
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,003,437
46.9%
Interest Revenue $11,312
0.3%
Dividends $330,916
7.7%
Sales of Assets $1,095,147
25.6%
Other Income $5,000
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,053,277
62.0%
Compensation of Officers* $56,234
3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,017,903
Total Liabilities $563
Net Assets $16,017,340
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $56,234 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary/Treasurer) $0 $0
John Tobin (Director) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on April 28, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,418,154
Expenses
$1,588,379
Net Income
$829,775
Net Assets
$13,976,763
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,758
41.4%
Interest Revenue $21,032
0.9%
Dividends $312,221
12.9%
Sales of Assets $199,061
8.2%
Other Income $804
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,033,909
65.1%
Compensation of Officers* $54,714
3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,977,364
Total Liabilities $601
Net Assets $13,976,763
Compensation
Key Employees and Officers Compensation Other
Kathy Huschke (Executive Director) $54,714 $0
Donald W Oleson (President) $0 $0
Gerald E Oleson (Vice President) $0 $0
Richard Ford (Secretary/Treasurer) $0 $0
John Tobin (Director) $0 $0
Martha Watts (Director) $0 $0
Dj Oleson (Director) $0 $0
Brad Oleson (Director) $0 $0
Connie Deneweth (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 13, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,499,687
Expenses
$1,520,698
Net Income
-$21,011
Net Assets
$13,596,554
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
0.2%
Interest Revenue $11,764
0.8%
Dividends $310,584
20.7%
Sales of Assets $346,441
23.1%
Other Income $11,156
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,017,742
66.9%
Compensation of Officers* $55,228
3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,597,517
Total Liabilities $963
Net Assets $13,596,554

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,933,027
Expenses
$1,596,630
Net Income
$1,336,397
Net Assets
$14,191,461
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,018,684
34.7%
Interest Revenue $8,960
0.3%
Dividends $258,801
8.8%
Sales of Assets $884,744
30.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,155,000
72.3%
Compensation of Officers* $47,087
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,192,493
Total Liabilities $1,032
Net Assets $14,191,461

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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