Nonprofit · EIN 91-2055630
PETE AND WILMA OLSEN FOUNDATION
Tax-exempt · SEATTLE, WA 98121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $163,392 | $176,927 | -$13,535 | $1,809,275 | $0 | $1,809,275 |
| May 31, 2024 | 990-PF | $269,195 | $181,660 | $87,535 | $1,822,810 | $0 | $1,822,810 |
| May 31, 2023 | 990-PF | $93,115 | $160,183 | -$67,068 | $1,735,275 | $0 | $1,735,275 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Dividends
- $55,989
- Interest
- $3,672
- Net gain from sales of assets
- $103,731
Expenses
- Grants and similar amounts paid
- $140,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $142,615
- Excise tax on investment income
- $1,864
Balance sheet and other
- Total assets, start of year
- $1,822,810
- Total assets, end of year
- $1,809,275
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,809,275
- Fair market value of assets
- $2,347,351
- Qualifying distributions
- $142,615
- Net investment income
- $163,392
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-PF for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA R OLSEN C/O E HEDLUND 2101 4TH AVE 930, SEATTLE, WA 98121 | DIRECTOR | 1 | $0 |
| CYNTHIA ADAMS C/O E HEDLUND 2101 4TH AVE 930, SEATTLE, WA 98121 | DIRECTOR | 1 | $0 |
990-PF for the year ended May 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA R OLSEN C/O E HEDLUND 2101 4TH AVE 930, SEATTLE, WA 98121 | DIRECTOR | 1 | $0 |
| CYNDY ADAMS C/O E HEDLUND 2101 4TH AVE 930, SEATTLE, WA 98121 | DIRECTOR | 1 | $0 |
990-PF for the year ended May 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA R OLSEN 520 112TH STREET SW UNIT 301, EVERETT, WA 98204 | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- CO E HEDLUND 2101 4TH AVE 930, SEATTLE, WA 98121-0000
- Signed the 990-PF
- CYNTHIA ADAMS, DIRECTOR
- Phone
- (206) 443-9017
- Return prepared by
- VON HARTEN & COMPANY INC PS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 91-2055630
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,809,275
- Income (IRS master file)
- $879,687
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $163,392 | $176,927 | $1,809,275 | XML |
| 990-PF | May 2024 | $269,195 | $181,660 | $1,822,810 | XML |
| 990-PF | May 2023 | $93,115 | $160,183 | $1,735,275 | XML |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | 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 91-2055630).
Questions about PETE AND WILMA OLSEN FOUNDATION
- What is the EIN of PETE AND WILMA OLSEN FOUNDATION?
- The employer identification number (EIN) of PETE AND WILMA OLSEN FOUNDATION is 91-2055630.
- Is PETE AND WILMA OLSEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to PETE AND WILMA OLSEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PETE AND WILMA OLSEN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PETE AND WILMA OLSEN FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PETE AND WILMA OLSEN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of PETE AND WILMA OLSEN FOUNDATION?
- The 990-PF for the year ended May 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does PETE AND WILMA OLSEN FOUNDATION have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $163,392, expenses of $176,927 and total assets of $1,809,275 at year end.
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