Oliveseed Foundation EIN 82-1693564 Form 990 (PDF) Claim this org

Oliveseed Foundation

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Improves literacy, clean water, and livelihoods in rural Kenya and Morocco. For fiscal year 2024 it reported $261K in revenue, $310K in expenses, and $16K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Palo Alto, CA
Website
www.oliveseed.org
Filings
4 on file (2021–2024)
Revenue
$261KFY2024
Expenses
$310K
Net assets
$16K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-1693564 Public charity (501(c)(3)) Palo Alto, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves literacy, clean water, and livelihoods in rural Kenya and Morocco.
Leadership
Barbara Mackraz · Founder & Executive Direct · $6K
Money in and out
$261K revenue, $310K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$310K
Pt IX · Ln 25
Net assets
$16K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.06 Fundraising $0.02
Program efficiency
92%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -242% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$261K
FY2024▼ -28%
Expenses
$310K
FY2024▼ -1%
Total assets
$33K
FY2024▼ -59%
Total liabilities
$17K
FY2024▲ +14%
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$310K
Pt IX · Ln 25
Net assets
$16K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$33K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COliveseed Foundation
EINHdr · item D82-1693564
Principal addressHdr · item CPalo Alto, CA
WebsiteHdr · item Jwww.oliveseed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B19)
Ruling yearIRS BMFFeb 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder & Executive Direct
$6,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Barbara Mackraz’s $6K as Founder & Executive Direct is at the 5th percentile of top reported officer pay among 1616 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Barbara Mackraz$6,000$12,000$12,000
Barbara Mackraz$9,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $262K of program spending, described in the organization's own filed words · FY2024.
01

Literacy & Educational Enrichment

Educational enrichment for underserved youth is our central pillar. In kenya, we develop high-quality libraries and science labs for schools in greatest need. We developed our 6TH school library in the maasai mara in 2024 and expanded our scholarship program to include more students who would not otherwise be able to attend school.

$112Kprogram expense
02

Clean Water Initiatives (maasai Mara, Kenya)

Where we work in kenya, most people get their drinking water from open pits or rivers shared with wildlife and cattle, and 80% of hospitalizations are the result of drinking dirty water. In 2024, we completed development of a purified water facility ready for sales to local businesses; this will help fund education projects and will…

$111Kprogram expense
03

Oliveseed Women's Work Center (maasai Mara, Kenya)

Most adult women in the rural maasai mara did not have the chance to go to school and have no economic opportunities. To address this need, we built a solar-powered women's work center with income-generating enterprises for women from 20 families. We provide vocational training, supplies, sales channels, and work space.

$39Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$259K · 99%
Other revenue$3K · 1%
Contributions & grants99%$259K
Other revenue1%$3K
Total revenueLn 12$261K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.06 Fundraising $0.02
Program services92%$285K
Management & general6%$19K
Fundraising2%$6K
Total functional expensesLn 25$310K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$33K
Total liabilitiesLn 26$17K
Total net assetsLn 32$16K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $32K · Operating expenses/yr $310K
1.2 months
Where the money goes
Program services
Program services $285K · Total expenses $310K
92%
Management & General
Management & general $19K · Total expenses $310K
6%
Fundraising
Fundraising $6K · Total expenses $310K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $310K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $259K · Total revenue $261K
99%
Government reliance
Government grants — · Total revenue $261K
Earned-income share
Program service revenue $0 · Total revenue $261K
0%
Investment reliance
Investment income $0 · Total revenue $261K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $310K
0%
Growth & trend
Revenue growth (YoY)
This year $261K · Prior year $361K
-28%
Net-asset trend (YoY)
End of year $16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $261K · Expenses $310K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $33K
Net-asset ratio
Net assets $16K · Total assets $33K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $33K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Barbara Mackraz · Reported title FOUNDER & EXECUTIVE DIRECT · Highest reported compensation $6K · Total expenses $310K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $310K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 6%
Fundraising cost ratio 2%
Revenue growth -28%
Legal fee ratio 0.08%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$261K revenue · viewing · ⤓ 990 PDF
FY2023$361K revenue · ⤓ 990 PDF
FY2022$192K revenue · ⤓ 990 PDF
FY2021$114K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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