Nonprofit · EIN 81-4827849
OLAM INSIGHT INC
Tax-exempt · VIRGINIA BCH, VA 23456
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $203,419 | $8,315 | $195,104 | $919,585 | $0 | $919,585 |
| December 31, 2023 | 990 | $15,817 | $6,943 | $8,874 | $725,038 | $0 | $725,038 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,000
- Program service revenue
- $0
- Investment income
- $153,419
- Net gain from sales of assets
- $132,868
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Management and general (functional)
- $8,315
Balance sheet and other
- Total assets, start of year
- $725,038
- Total assets, end of year
- $919,585
- Total liabilities, end of year
- $0
- Net assets, end of year
- $919,585
- Publicly traded securities
- $916,731
- Net assets without donor restrictions
- $919,585
- Gross receipts
- $1,572,497
- Employees
- 0
- Volunteers
- 3
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND N BJORKMAN | CEO/PRESIDEN Trustee or director, Officer | 2 | $0 |
| MARY ALICE BJORKMAN | TREASURER/SE Trustee or director, Officer | 1 | $0 |
| GREGORY P BERGETHON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYMOND N BJORKMAN | CEO/PRESIDEN Trustee or director, Officer | 2 | $0 |
| MARY ALICE BJORKMAN | TREASURER/SE Trustee or director, Officer | 1 | $0 |
| GREGORY P BERGETHON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2505 CALUMET DR, VIRGINIA BCH, VA 23456-8216
- In care of
- % RAYMOND N BJORKMAN
- Mailing address (990-N for 2020)
- 2505 Calumet Drive, Virginia Beach VA 23456
- Principal officer (990 for 2024)
- RAYMOND N BJORKMAN, 2505 CALUMET DRIVE, VIRGINIA BEACH, VA 23456
- Principal officer (990-N for 2020)
- Raymond Bjorkman, 2505 Calumet Drive, Virginia Beach VA 23456
- Signed the 990
- RAYMOND N BJORKMAN, CEO/PRESIDENT
- Phone
- (757) 721-7388
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
PROMOTES AND IMPLEMENTS BIBLICAL FINANCIAL PRINCIPLES TO HELP INDIVIDUALS BETTER THEIR FINANCIAL LIVES AND WELL-BEING.
Program accomplishments
- COUNCIL, EDUCATE, TRAIN, AND INSPIRE MEN AND WOMEN TO IMPROVE THE QUALITY OF THEIR LIVES AND THE LIVES OF THEIR COMMUNITY THROUGH RESPONSIBLE, FAITH-BASED MANAGEMENT OF THEIR FINANCIAL LIVES. SEMINARS, LECTURES, PUBLICATIONS, INSTRUCTION AND TRAINING FOR INDIVIDUALS AND ORGANIZATIONS TO RESPONSIBLY MANAGE THEIR FINANCES PURSUANT TO BIBLICAL PRINCIPLES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4827849
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $919,585
- Income (IRS master file)
- $1,572,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $203,419 | $8,315 | $919,585 | XML |
| 990 | December 2023 | $15,817 | $6,943 | $725,038 | XML |
| 990 | December 2022 | $84,585 | $5,280 | $663,504 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Raymond Bjorkman | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Raymond Bjorkman | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4827849).
Questions about OLAM INSIGHT INC
- What is the EIN of OLAM INSIGHT INC?
- The employer identification number (EIN) of OLAM INSIGHT INC is 81-4827849.
- Is OLAM INSIGHT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to OLAM INSIGHT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLAM INSIGHT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLAM INSIGHT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLAM INSIGHT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OLAM INSIGHT INC?
- The 990 for the year ended December 31, 2024 names RAYMOND N BJORKMAN.
- Who are the officers and directors of OLAM INSIGHT INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does OLAM INSIGHT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $203,419, expenses of $8,315 and total assets of $919,585 at year end.
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