Nonprofit · EIN 88-3071456
OLAVE FAMILY FOUNDATION INC
Tax-exempt · SAN DIEGO, CA 92154
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $9,000 | $11,500 | -$2,500 | $16,715 | – | $16,715 |
| December 31, 2024 | 990-EZ | $15,000 | $13,771 | $1,229 | $19,215 | – | $19,215 |
| December 31, 2023 | 990-EZ | $25,500 | $22,515 | $2,985 | $17,986 | – | $17,986 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,000
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $11,500
Balance sheet and other
- Total assets, start of year
- $19,215
- Total assets, end of year
- $16,715
- Total liabilities, end of year
- –
- Net assets, end of year
- $16,715
- Cash, savings and investments
- $16,715
- Gross receipts
- $9,000
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN OLAVE | CFO | 5 | $0 |
| RAUL OLAVE | CEO | 5 | $0 |
| ISAIAH OLAVE | Secretary | 5 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN OLAVE | CFO | 5 | $0 |
| RAUL OLAVE | CEO | 5 | $0 |
| ISAIAH OLAVE | Secretary | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN OLAVE | CFO | 5 | $0 |
| RAUL OLAVE | CEO | 5 | $0 |
| ISAIAH OLAVE | Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 5038 CIMARRON WAY, SAN DIEGO, CA 92154-4869
- Signed the 990-EZ
- CHRISTIAN OLAVE, President
- Phone
- (516) 496-9500
- Return prepared by
- Ives Sultan & Spike CPAs
California records
California keeps its own records of charities and corporations. Search them by EIN 88-3071456 or by the name OLAVE FAMILY FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To give back to youth to provide opportunities to succeed such as youth sport funding to allow youth to play sports. Tutoring and educational resources to help facilitate academic success. Lastly, scholarships/grants and community givebacks to lower financial burdens on families as well as acknowledge hard working families/kids.
Program accomplishments
- To support underprivileged youth.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-3071456
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $16,715
- Income (IRS master file)
- $9,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $9,000 | $11,500 | $16,715 | IRS |
| 990-EZ | December 2024 | $15,000 | $13,771 | $19,215 | XML |
| 990-EZ | December 2023 | $25,500 | $22,515 | $17,986 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-3071456).
Questions about OLAVE FAMILY FOUNDATION INC
- What is the EIN of OLAVE FAMILY FOUNDATION INC?
- The employer identification number (EIN) of OLAVE FAMILY FOUNDATION INC is 88-3071456.
- Is OLAVE FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OLAVE FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLAVE FAMILY FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OLAVE FAMILY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLAVE FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of OLAVE FAMILY FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OLAVE FAMILY FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $9,000, expenses of $11,500 and total assets of $16,715 at year end.
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