Olive Children Foundation FY2020 filing

Tax-deductible

Fremont, CA501(c)(3)EducationEIN 27-1798340Revenue $1.3M in FY2020

On file with the IRSolivechildren.com43531 Mission Blvd, 94539-5831 · Fremont, CATax-exempt since May 2010Publicly supported — 509(a)(2)

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We organize and encourage our students to participate in a variety of service learning projects in our community, including volunteerism at the Aegis Senior Center and Adobe Homeless Center as well as philanthropic donations to World Visions Gift Program. Our goal is to develop happy, healthy, and hopeful leaders

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$38K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $296K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$38K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $17K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$560K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.1M
To programs
90%
Net assets
$405K
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$2.1M
FY2022$2.8M
FY2023$4.0M
FY2024$4.6M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.8M
FY2022$2.4M
FY2023$3.8M
FY2024$4.3M
Net assets
$405K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$405K
FY2021$736K
FY2022$959K
FY2023$1.1M
FY2024$1.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.0M Management & general 10% · $118K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $38K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$36,000Pt VII · Sec A
Treasurer
$2,000Pt VII · Sec A

Kweiwhei Jen’s $133K as CEO is at the 55th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kweiwhei Jen$132,576$103,680$87,840$36,000$36,000
Chiaming Jen$72,000————
Phoebe Jen————$2,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organize and encourage students in community service projects, fostering leadership and well-being.

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Provided by the organization

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3 programs · $1.0M · in their own filed words · FY2020
01

Science, Math, Writing and Young Leadership Clubs. The program focus on math circle to bring kids interest on Math, providing hands-on science program and misc. writing and other skills to enhance students academy ability. There are around 200 students in this program.

$659Kprogram expense
02

Preschool/after School Program. Provide leadership based program to assist students complete homework with management /organized skills. There are around 200 students in this program in year 2020.

$350Kprogram expense
03

Debate and Speech Tournament. The program provides students a safe place to learn and practice speech and debate techniques. Students also attend Forensics tournament to compete with other peers to improve their speech and debate skill. The organization is ranking number 2 of points in the US by NJFL National Junior Forensic League.

$20Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$17K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$24K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$118K
Owns and owesPt X
$405K
net assets · Ln 32
Cash and savingsLn 1–2$691K
Total assetsLn 16$966K
LiabilitiesLn 26$560K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$9K
Other incomeLn 4–11$24K
Gains on assetsLn 7$9K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$691K
Cash and savings togetherLn 1–2$691K
Land, buildings, equipmentLn 10c$180K
Other assetsLn 15$94K
Total assetsLn 16$966K
LiabilitiesLn 26$560K
Net assetsLn 32$405K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$127K$691K
Land, buildings, equipmentLn 10c$121K$180K
Total assetsLn 16$326K$966K
LiabilitiesLn 26$106K$560K
Net assetsLn 32$220K$405K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$36K$36K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$78K$78K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$14K$11K$3K
Management feesLn 11a$0
Legal feesLn 11b$25$25
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$189K$189K
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$789K$789K
All other expensesLn 24e$0
Total functional expensesLn 25$1.1M$1.0M$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.6M$4.3M$310K$1.4M 990 PDF
FY2023 $4.0M$3.8M$247K$1.1M 990 PDF
FY2022 $2.8M$2.4M$410K$959K 990 PDF
FY2021 $2.1M$1.8M$331K$736K 990 PDF
FY2020 Viewing $1.3M$1.1M$185K$405K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,332,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,199$28,550
I-9 Program service revenuePrior year $1,171,195$1,270,175
I-10 Investment income$8,958
I-11 Other revenue$24,364
I-12 Total revenuePrior year $1,209,394$1,332,047
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $89,362$128,108
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,091,997$1,019,124
I-18 Total expensesPrior year $1,181,359$1,147,232
I-19 Revenue less expensesPrior year $28,035$184,815
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,332,047 across 6 lines filed
VIII-1f All other contributions, gifts and grants$28,550
VIII-1h Total contributions, gifts and grants$28,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$1,270,175
VIII-7 Net gain or loss on sales of assets$8,958
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$24,364
VIII-12 Total revenue$1,332,047
Part IX · Statement of functional expenses $1,147,232 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $36,000$36,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $78,300$78,300
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,578 · Management $3,230$13,808
IX-11a Management fees$0
IX-11b Legal feesPrograms $25$25
IX-11c Accounting feesPrograms $3,645$3,645
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $3,228$3,228
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $189,206$189,206
IX-17 TravelPrograms $1,267$1,267
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,437$21,437
IX-23 InsurancePrograms $11,396$11,396
IX-24 Other expenses (24a–d)Programs $788,920$788,920
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,029,702 · Management $117,530 · Fundraising $0$1,147,232
Part X · Balance sheet $965,526 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $126,740$691,215
X-10c Land, buildings and equipment, netStart of year $121,100$180,406
X-15 Other assetsStart of year $78,418$93,905
X-16 Total assetsStart of year $326,258$965,526
X-24 Unsecured notes and loans payableStart of year $105,960$60,513
X-25 Other liabilities$499,900
X-26 Total liabilitiesStart of year $105,960$560,413
X-32 Total net assets or fund balancesStart of year $220,298$405,113
X-33 Total liabilities and net assetsStart of year $326,258$965,526
Part XI · Reconciliation of net assets $405,113 net assets at year end
XI-1 Total revenue$1,332,047
XI-2 Total expenses$1,147,232
XI-3 Revenue less expenses$184,815
XI-4 Net assets at start of year$220,298
XI-10 Net assets at end of year$405,113

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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