Olympic High School Foundation FY2022 filing

Tax-deductible

Charlotte, NC501(c)(3)EducationEIN 46-2687879Revenue $76K in FY2022

On file with the IRSolympichighschoolfoundation.org13000 S Tryon St F260, 28278-7652 · Charlotte, NCTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Raised over $97,000 of public support, provided monetary support for educationalprograms at Olympic High School, continued to establish network of interested parties to provide continued funding to achieve foundation's goals.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$24K 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

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $18K a year · 20% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
30 mo
of spending, in cash
Looks good: 29.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $34K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
-9% vs prior year
Spent
$94K
To programs
83%
Net assets
$235K
By yearFY2020–FY2025
Revenue
$76K
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021$83K
FY2022$76K
FY2023$81K
FY2024$82K
FY2025$103K
Expenses
$94K
FY2022▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$104K
FY2022$94K
FY2023Not on file
FY2024Not on file
FY2025$97K
Net assets
$235K
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$274K
FY2021$254K
FY2022$235K
FY2023$234K
FY2024$260K
FY2025$266K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $78K Management & general 11% · $10K Fundraising 6% · $6K

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

11 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$24,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joan O'Brien’s $24K as Executive Director is at the 17th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
Joan O'Brien$24,000$48,000$48,000

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.

See Olympic High School Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funded educational programs and built a network for ongoing support.

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Provided by the organization

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3 programs · $61K · in their own filed words · FY2021
01

Provided funding for teacher enrichment projects

$28Kprogram expense
02

Provided funding to assist Olympic Technology team participate in national robotics competition

$18Kprogram expense
03

Provided reimbursements to teachers for supplies and activities to enrich the education experience at the school

$15Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Janes FundFY2024$10K
Total grants receivedfrom 3 funders$34K
See all 3 funders →
Grants paid · 9 grants · $121K · 2019–2021
Unitemized GrantFY2021$15,308
Unitemized GrantFY2021$13,534
Unitemized GrantFY2021$1,500
Unitemized GrantFY2020$19,950
Unitemized GrantFY2020$17,970
Unitemized GrantFY2020$1,025
Unitemized GrantFY2019$31,249
Unitemized GrantFY2019$13,065
Unitemized GrantFY2019$7,100

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$76K
Investment incomeLn 3$68
Money outPt IX
$94K
Ln 25
Programscol B$78K
Managementcol C$10K
Fundraisingcol D$6K
Owns and owesPt X
$235K
net assets · Ln 32
Cash and savingsLn 1–2$235K
Total assetsLn 16$235K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Investment incomeLn 3$68
Gains on assetsLn 7$0
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$219K
Cash and savings togetherLn 1–2$235K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$235K
LiabilitiesLn 26$0
Net assetsLn 32$235K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$254K$235K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$254K$235K
LiabilitiesLn 26$0$0
Net assetsLn 32$254K$235K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$30K$30K
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$24K$12K$6K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$153$153
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$10K$10K$75
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$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$3K$100$3K
Total functional expensesLn 25$94K$78K$10K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $103K$97K$6K$266K 990 PDF
FY2024 $82K$260K 990 PDF
FY2023 $81K$234K 990 PDF
FY2022 Viewing $76K$94K−$18K$235K 990 PDF
FY2021 $83K$104K−$20K$254K 990 PDF
FY2020 $98K$138K−$40K$274K 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 FY2022 990 (6 parts)
Part I · Summary $75,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,245$75,900
I-9 Program service revenue$0
I-10 Investment incomePrior year $73$68
I-11 Other revenue$0
I-12 Total revenuePrior year $83,318$75,968
I-13 Grants and similar amounts paidPrior year $38,945$30,342
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,000$24,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,723$40,018
I-18 Total expensesPrior year $103,668$94,360
I-19 Revenue less expensesPrior year −$20,350−$18,392
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $75,968 across 8 lines filed
VIII-1f All other contributions, gifts and grants$75,900
VIII-1h Total contributions, gifts and grants$75,900
VIII-3 Investment incomeRelated to mission $68$68
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $68$75,968
Part IX · Statement of functional expenses $94,360 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $30,342$30,342
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 staffPrograms $12,000 · Management $6,000 · Fundraising $6,000$24,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,250$1,250
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $153$153
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $10,201 · Management $75$10,276
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 amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $25,600$25,600
IX-24e All other expensesPrograms $100 · Management $2,639$2,739
IX-25 Total functional expensesPrograms $78,243 · Management $10,117 · Fundraising $6,000$94,360
Part X · Balance sheet $235,145 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $17,574$16,413
X-2 Savings and temporary cash investmentsStart of year $235,963$218,732
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $253,537$235,145
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $220,051$185,142
X-28 Net assets with donor restrictionsStart of year $33,486$50,003
X-32 Total net assets or fund balancesStart of year $253,537$235,145
X-33 Total liabilities and net assetsStart of year $253,537$235,145
Part XI · Reconciliation of net assets $235,145 net assets at year end
XI-1 Total revenue$75,968
XI-2 Total expenses$94,360
XI-3 Revenue less expenses−$18,392
XI-4 Net assets at start of year$253,537
XI-10 Net assets at end of year$235,145

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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