Leland J And Dorothy H Olson Charitable Fountation

C O Leland J And Dorothy H Olson

Omaha, NE
Tax-exempt since May 1992
EIN: 47-0748772

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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

$3.91M (2023)

Expenses

$10.7M (2023)

Total Assets

$49.5M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2009 to 2023

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.
2023

Revenue

$3,914,527

Expenses

$10,664,728

Net Income

-$6,750,201

Net Assets

$49,476,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$193,232	4.9%
Dividends	$461,163	11.8%
Sales of Assets	$3,260,132	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,301,964	96.6%
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	$49,476,239
Total Liabilities	$0
Net Assets	$49,476,239

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Vice President)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on July 24, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$2,222,381

Expenses

$10,239,868

Net Income

-$8,017,487

Net Assets

$53,797,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,252	0.8%
Dividends	$481,370	21.7%
Sales of Assets	$1,722,759	77.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,830,427	96.0%
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	$53,797,780
Total Liabilities	$0
Net Assets	$53,797,780

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Vice President)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 12, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$8,036,267

Expenses

$8,155,585

Net Income

-$119,318

Net Assets

$59,544,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$126	0.0%
Dividends	$652,630	8.1%
Sales of Assets	$7,383,511	91.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,840,327	96.1%
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	$59,544,198
Total Liabilities	$0
Net Assets	$59,544,198

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Vice President)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 16, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$165,806

Expenses

$6,045,946

Net Income

-$5,880,140

Net Assets

$58,653,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$416,140	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,764,979	95.4%
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	$58,653,683
Total Liabilities	$1
Net Assets	$58,653,682

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 10, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$2,671,692

Expenses

$5,909,590

Net Income

-$3,237,898

Net Assets

$63,600,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,750	0.1%
Dividends	$667,074	25.0%
Sales of Assets	$2,000,868	74.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,886,209	99.6%
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	$63,600,440
Total Liabilities	$1
Net Assets	$63,600,439

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 27, 2020

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

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$2,396,908

Expenses

$6,367,102

Net Income

-$3,970,194

Net Assets

$65,123,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,403	0.2%
Interest Revenue	$9,634	0.4%
Dividends	$552,833	23.1%
Sales of Assets	$1,830,038	76.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,993,931	94.1%
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	$65,123,426
Total Liabilities	$0
Net Assets	$65,123,426

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 10, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$5,625,441

Expenses

$5,897,339

Net Income

-$271,898

Net Assets

$67,686,464

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,969,894	35.0%
Interest Revenue	$27,804	0.5%
Dividends	$433,116	7.7%
Sales of Assets	$3,194,627	56.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,417,800	91.9%
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	$67,686,464
Total Liabilities	$0
Net Assets	$67,686,464

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0

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990-PF

Filed on May 14, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$70,453,183

Expenses

$3,850,069

Net Income

$66,603,114

Net Assets

$67,726,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$66,907,509	95.0%
Interest Revenue	$35,776	0.1%
Dividends	$310,240	0.4%
Sales of Assets	$3,199,658	4.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,584,064	93.1%
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	$67,726,198
Total Liabilities	$0
Net Assets	$67,726,198

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/Pres)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0
Edson Bridges Ii (Assistant Treasurer)	$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

$610,804

Expenses

$818,316

Net Income

-$207,512

Net Assets

$7,446,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$133,661	21.9%
Interest Revenue	$71,100	11.6%
Dividends	$78,190	12.8%
Sales of Assets	$327,853	53.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$725,000	88.6%
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	$7,446,342
Total Liabilities	$0
Net Assets	$7,446,342

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Chairman Of The Board/President)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Treasurer)	$0	$0
Christian Olson (Vice President)	$0	$0
Kendra Swanson (Secretary)	$0	$0
Edson Bridges Ii (Assistant Treasurer)	$0	$0

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990-PF

Filed on May 10, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$6,620,143

Expenses

$438,728

Net Income

$6,181,415

Net Assets

$7,568,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,370,941	96.2%
Interest Revenue	$2,747	0.0%
Dividends	$82,920	1.3%
Sales of Assets	$163,535	2.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$385,000	87.8%
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	$7,568,594
Total Liabilities	$0
Net Assets	$7,568,594

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Director)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Director)	$0	$0
Chris Olson (Director)	$0	$0
Kendra Swanson (Director)	$0	$0

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990-PF

Filed on May 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$319,340

Expenses

$265,762

Net Income

$53,578

Net Assets

$2,559,195

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$67,819	21.2%
Sales of Assets	$117,201	36.7%
Other Income	$134,314	42.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$225,000	84.7%
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	$2,559,195
Total Liabilities	$0
Net Assets	$2,559,195

Compensation

Key Employees and Officers	Compensation	Other
David Olson (Director)	$0	$0
Karen Olson (Director)	$0	$0
Nancy Olson (Director)	$0	$0

990-PF

Filed on May 9, 2014

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

View Filing

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Fiscal Year Ending Dec.
2012

Revenue

$137,069

Expenses

$274,080

Net Income

-$137,011

Net Assets

$2,505,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$66,571	48.6%
Sales of Assets	$70,498	51.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$240,000	87.6%
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	$2,505,617
Total Liabilities	$1
Net Assets	$2,505,616

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$100,619

Expenses

$264,959

Net Income

-$164,340

Net Assets

$2,642,627

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$58,257	57.9%
Sales of Assets	$42,362	42.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,700	89.3%
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	$2,642,628
Total Liabilities	$1
Net Assets	$2,642,627

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Revenue

$92,956

Expenses

$272,826

Net Income

-$179,870

Net Assets

$2,806,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$55,999	60.2%
Sales of Assets	$36,956	39.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$247,000	90.5%
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	$2,806,968
Total Liabilities	$0
Net Assets	$2,806,968

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Revenue

-$56,313

Expenses

$254,686

Net Income

-$310,999

Net Assets

$2,986,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$150
Dividends	$59,110
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$234,584	92.1%
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	$2,986,838
Total Liabilities	$0
Net Assets	$2,986,838

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Leland J And Dorothy H Olson Charitable Fountation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.91M (2023)

Expenses $10.7M (2023)

Total Assets $49.5M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$3.91M (2023)

Expenses

$10.7M (2023)

Total Assets

$49.5M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

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