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EIN 41-1875950

The Olseth Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Minnetonka
State
Minnesota
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Olseth Foundation is a private foundation that primarily funds operating expenses, the verse like water fund, scholarships, theater, student scholarships, and the mav cares fund. Last year, they made 58 grants to organizations such as the World Wildlife Fund Inc (WWF). They are located in Minnetonka, MN.
Total revenues
$1,150,660
2023
Total expenses
$1,542,945
2023
Total assets
$19,037,022
2023
Num. employees
3
2023

Program areas at The Olseth Foundation

See statement

Grants made by The Olseth Foundation

GranteeGrant descriptionAmount
World Wildlife Fund (WWF)Operating$100,000
Recharge AmericaAmerica/ Minnesota/ Mankato$90,000
St. Olaf CollegeScholarship Fund$60,000
...and 34 more grants made totalling $805,277

Personnel at The Olseth Foundation

NameTitleCompensation
Karen SolomonTreasurer$104,807
Cheryl OlsethPresident$100,776

Financials for The Olseth Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$585,953
Net rental income$0
Net gain from sale of non-inventory assets$564,591
Gross sales of inventory$0
Miscellaneous revenues$116
Total revenues$1,150,660

Form 990s for The Olseth Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990PFView PDF
2022-122023-05-11990PFView PDF
2021-122022-05-13990PFView PDF
2020-122021-06-23990PFView PDF
2019-122021-04-27990PFView PDF
...and 8 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 21, 2023
Posted financials
Added Form 990PF for fiscal year 2022
November 1, 2021
Posted financials
Added Form 990PF for fiscal year 2020
September 28, 2021
Used new vendors
Identified 3 new vendors, including , , and
September 27, 2021
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
601 Carlson Pkwy Suite 1050
Minnetonka, MN 55305
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
olsethfamilyfoundation.org/ 
Phone
(612) 267-3287
IRS details
EIN
41-1875950
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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