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Karen Alice Nilsen Olsen Charitable Foundation Inc

  • Parker, CO
  • Tax-exempt since May 2014
  • EIN: 46-3709161

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.

Category: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$86.2k (2024)

Expenses
$76.7k (2024)

Total Assets
$474k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2013 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
$86,233
Expenses
$76,729
Net Income
$9,504
Net Assets
$474,355
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $35,000
40.6%
Interest Revenue $13
0.0%
Dividends $9,247
10.7%
Sales of Assets $41,973
48.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,000
76.9%
Compensation of Officers* $10,000
13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $474,355
Total Liabilities $0
Net Assets $474,355
Compensation
Key Employees and Officers Compensation Other
Steven Corey (President / Director) $2,500 $0
David Johnston (Vice President / Director) $2,500 $0
Brad Johnston (Secretary / Treasurer / Di) $2,500 $0
Lynn Staben (Director) $2,500 $0
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Document Links

990-PF
Filed on March 21, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$74,080
Expenses
$74,547
Net Income
-$467
Net Assets
$464,851
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $49,304
66.6%
Interest Revenue $21
0.0%
Dividends $8,311
11.2%
Sales of Assets $16,444
22.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
80.5%
Compensation of Officers* $8,000
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $479,851
Total Liabilities $15,000
Net Assets $464,851
Compensation
Key Employees and Officers Compensation Other
Steven Corey (President / Director) $2,000 $0
David Johnston (Vice President / Director) $2,000 $0
Brad Johnston (Secretary / Treasurer / Di) $2,000 $0
Lynn Staben (Director) $2,000 $0
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Document Links

990-PF
Filed on April 2, 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
-$7,745
Expenses
$86,784
Net Income
-$94,529
Net Assets
$465,318
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,089
Interest Revenue $1
Dividends $8,850
Sales of Assets -$19,685
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
69.1%
Compensation of Officers* $8,000
9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $465,318
Total Liabilities $0
Net Assets $465,318
Compensation
Key Employees and Officers Compensation Other
Steven Corey (President / Director) $2,000 $0
David Johnston (Vice President / Director) $2,000 $0
Brad Johnston (Secretary / Treasurer / Di) $2,000 $0
Lynn Staben (Director) $2,000 $0
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Document Links

990-PF
Filed on March 13, 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
$224,997
Expenses
$79,463
Net Income
$145,534
Net Assets
$559,847
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $9,638
4.3%
Sales of Assets $215,358
95.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
75.5%
Compensation of Officers* $10,000
12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $559,847
Total Liabilities $0
Net Assets $559,847
Compensation
Key Employees and Officers Compensation Other
Steven Corey (President / Director) $2,500 $0
David Johnston (Vice President / Director) $2,500 $0
Brad Johnston (Secretary / Treasurer / Di) $2,500 $0
Lynn Staben (Director) $2,500 $0
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Document Links

990-PF
Filed on May 5, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,806
Expenses
$71,011
Net Income
-$60,205
Net Assets
$414,312
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $12,719
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
84.5%
Compensation of Officers* $4,000
5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $414,313
Total Liabilities $1
Net Assets $414,312
Compensation
Key Employees and Officers Compensation Other
Steven Corey (President / Director) $1,000 $0
David Johnston (Vice President / Director) $1,000 $0
Brad Johnston (Secretary / Treasurer / Di) $1,000 $0
Lynn Staben (Director) $1,000 $0
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Document Links

990-PF
Filed on Nov. 15, 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
$47,793
Expenses
$69,283
Net Income
-$21,490
Net Assets
$474,518
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30
0.1%
Dividends $13,508
28.3%
Sales of Assets $34,255
71.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
86.6%
Compensation of Officers* $2,000
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 $474,518
Total Liabilities $0
Net Assets $474,518

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

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.
2016

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.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,089
Expenses
$12,522
Net Income
$12,567
Net Assets
$115,835
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $22,403
89.3%
Interest Revenue $0
Dividends $2,686
10.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
79.9%
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 $115,835
Total Liabilities $0
Net Assets $115,835

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,327
Expenses
$12,059
Net Income
$3,268
Net Assets
$103,268
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,365
> 100%
Interest Revenue $0
Dividends $20
0.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,000
66.3%
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 $103,268
Total Liabilities $0
Net Assets $103,268

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,000
Expenses
$0
Net Income
$100,000
Net Assets
$100,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $100,000
Total Liabilities $0
Net Assets $100,000

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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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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