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Dr David & Karen Olson Family Foundation

  • La Crosse, WI
  • Tax-exempt since Sept. 2014
  • EIN: 46-4203595

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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$232k (2024)

Expenses
$251k (2024)

Total Assets
$3.9M (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
$232,151
Expenses
$250,546
Net Income
-$18,395
Net Assets
$3,899,145
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $350
0.2%
Dividends $115,315
49.7%
Sales of Assets $116,486
50.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $192,261
76.7%
Compensation of Officers* $452
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,899,145
Total Liabilities $0
Net Assets $3,899,145
Compensation
Key Employees and Officers Compensation Other
Ct Corporation (Agent) $452 $0
Dr David H Olson (Pres/Director/Se) $0 $0
Karen B Olson (Vice Pres/Director) $0 $0
Amy Olson (Secretary) $0 $0
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Document Links

990-PF
Filed on May 5, 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
$940,073
Expenses
$251,753
Net Income
$688,320
Net Assets
$3,916,424
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $665
0.1%
Dividends $95,175
10.1%
Sales of Assets $844,064
89.8%
Other Income $169
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $217,063
86.2%
Compensation of Officers* $31,980
12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,916,424
Total Liabilities $0
Net Assets $3,916,424
Compensation
Key Employees and Officers Compensation Other
Trust Point Inc (Agent) $31,606 $0
Ct Corporation (Agent) $374 $0
Dr David H Olson (Pres/Director/Se) $0 $0
Karen B Olson (Vice Pres/Director) $0 $0
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Document Links

990-PF
Filed on May 6, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$139,468
Expenses
$264,723
Net Income
-$125,255
Net Assets
$3,231,372
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $71,988
51.6%
Sales of Assets $66,553
47.7%
Other Income $927
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $237,642
89.8%
Compensation of Officers* $24,373
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 $3,231,372
Total Liabilities $0
Net Assets $3,231,372
Compensation
Key Employees and Officers Compensation Other
Us Bank (Agent) $24,331 $0
Trust Point Inc (Agent) $42 $0
Dr David H Olson (Pres/Director/Se) $0 $0
Karen B Olson (Vice Pres/Director) $0 $0
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Document Links

990-PF
Filed on May 8, 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
$159,832
Expenses
$235,367
Net Income
-$75,535
Net Assets
$3,358,507
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $85,458
53.5%
Sales of Assets $74,374
46.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $192,149
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 $3,358,507
Total Liabilities $0
Net Assets $3,358,507
Compensation
Key Employees and Officers Compensation Other
Dr David H Olson (Pres/Director/Sec/Treas) $0 $0
Karen B Olson (Vice Pres/Director) $0 $0

Document Links

990-PF
Filed on May 26, 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
$225,347
Expenses
$237,405
Net Income
-$12,058
Net Assets
$3,434,315
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $73,303
32.5%
Sales of Assets $152,044
67.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $200,558
84.5%
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 $3,434,316
Total Liabilities $1
Net Assets $3,434,315
Compensation
Key Employees and Officers Compensation Other
Dr David H Olson (Pres/Director/Sec/Treas) $0 $0
Karen B Olson (Vice Pres/Director) $0 $0

Document Links

990-PF
Filed on May 13, 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
$212,109
Expenses
$233,120
Net Income
-$21,011
Net Assets
$3,447,034
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $93,664
44.2%
Sales of Assets $118,445
55.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $195,514
83.9%
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 $3,447,034
Total Liabilities $0
Net Assets $3,447,034

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.
2017

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
$2,078,986
Expenses
$68,043
Net Income
$2,010,943
Net Assets
$3,628,371
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,000,000
96.2%
Interest Revenue $0
Dividends $53,327
2.6%
Sales of Assets $25,398
1.2%
Other Income $261
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,317
63.7%
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 $3,628,371
Total Liabilities $0
Net Assets $3,628,371

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.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$780,078
Expenses
$22,771
Net Income
$757,307
Net Assets
$1,617,305
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $750,000
96.1%
Interest Revenue $0
Dividends $21,634
2.8%
Sales of Assets $8,444
1.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,220
49.3%
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 $1,617,858
Total Liabilities $553
Net Assets $1,617,305

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
$860,000
Expenses
$0
Net Income
$860,000
Net Assets
$860,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $860,000
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 $860,000
Total Liabilities $0
Net Assets $860,000

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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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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