2025-11-17T14:46:25-06:00 2024-12-31 873974110 CORIENT TAX LLC PO BOX 1510 NEW YORK NY 10150 990 2024-01-01 270843891 RECEPTIONS FOR RESEARCH THE GREG OLSEN FOUNDATION RECE 4074014534 200 E LAS OLAS BLVD STE 1550 FT LAUDERDALE FL 33301 GREG OLSEN FOUNDER 4074014534 2025-11-13 1 1 ANDREA NODORO P00719632 2125836001 2024 2025-03-06 01:10:19Z GREG OLSEN 200 E LAS OLAS BLVD STE 1550 FT LAUDERDALE FL 33301 1960540 0 X RECEPTIONSFORRESEARCH.ORG X 2009 FL PROVIDE THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED WITH DEBILITATING DISEASES. 10 9 2 50 27012 0 1786138 1770245 0 0 15775 26699 -341216 -451213 1460697 1345731 2447220 1896772 0 0 155962 164897 0 0 1872 132167 118734 2735349 2180403 -1274652 -834672 801488 986165 2160986 3180335 -1359498 -2194170 X THE GREG OLSEN FOUNDATION WAS ESTABLISHED IN 2009 TO PROVIDE HOSPITALS, DOCTORS AND SCHOLARS THE RESOURCES NECESSARY TO ENHANCE THE LIVES OF THOSE AFFECTED BY VARIOUS FORMS OF CANCER AND CARDIOVASCULAR DISEASES OR DISORDERS. WE PARTNER WITH LOCAL AND NATIONAL ORGANIZATIONS IN OUR PURSUIT TO DISCOVER A CURE FOR THESE DEBILITATING DISEASES. IT IS OUR GOAL TO MAKE SURE EVERYONE HAS A SECOND CHANCE IN LIFE. 0 0 24441 22500 RONALD MCDONALD HOUSE PROVIDES ESSENTIAL SERVICES THAT REMOVE BARRIERS, STRENGTHEN FAMILIES AND PROMOTE HEALING WHEN CHILDREN NEED HEALTHCARE. 233775 215212 IN JULY 2023, THE FOUNDATION EXECUTED A PLEDGE COMMITMENT AGREEMENT WITH ATRIUM HEALTH TO SUPPORT THE CONTINUED DEVELOPMENT OF THE HEARTEST YARD CONGENITAL HEART CENTER. THE FOUNDATION PLEDGED $2,500,000 IN YEARLY INSTALLMENTS OF $500,000, WITH PAYMENTS COMMENCING IN 2024.THE GRANT WILL SUPPORT THE CENTER'S SPECIALIZED CARE PROGRAMS, SUCH AS THE NEURODEVELOPMENTAL PROGRAM, CHILDREN'S HIGH-ACUITY MONITORING PROGRAM (CHAMP) AND THE PEDIATRIC FONTAN CLINIC, WHICH PROVIDES ONGOING, HOLISTIC CARE TO PATIENTS WHO HAVE HAD A FONTAN PROCEDURE. IN ADDITION, THE DONATION WILL HELP DRIVE INNOVATION IN EDUCATION AND CARDIOVASCULAR CARE DELIVERY THROUGH THE ESTABLISHMENT OF AN ENDOWED CHAIR. 1799390 1656510 IN JANUARY 2024, THE FOUNDATION EXECUTED PLEDGE COMMITMENT WITH THE MEDICAL UNIVERSITY OF SOUTH CAROLINA'S SJCH HEART CENTER, WHERE THE FOUNDATION PLEDGED $1,800,000 IN YEARLY INSTALLMENTS OVER FIVE YEARS STARTING IN 2024.THE GOAL OF THIS PROGRAM IS TO BE ABLE TO PROVIDE MENTAL HEALTH SERVICES TO PATIENTS, FAMILIES AND STAFF OF THE PEDIATRIC HEART CENTER AT SJCH. THIS INCLUDES BUT NOT LIMITED TO AN INPATIENT PSYCHOLOGIST, ADVANCED PRACTICE PRACTITIONER COORDINATOR FOR INPATIENT AND OUTPATIENT PATIENTS AND RESOURCES TOWARD OUR MATERNAL FETAL MONITORING PROGRAMS. 2550 2550 2550 2550 2060156 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 FL NC SC X X RECEPTIONS FOR RESEARCH 4074014534 200 E LAS OLAS BLVD STE 1550 FT LAUDERDALE FL 33301 GREGORY W OLSEN FOUNDER/CHAIRMAN 10.00 X X 0 0 0 KARA OLSEN CO-FOUNDER 5.00 X X 0 0 0 SUSAN OLSEN DIRECTOR OF COMMUNITY OUTREACH 5.00 X 0 0 0 DEBORAH DOOLEY CONTROLLER 10.00 X 18000 0 0 KRISTEN MCCULLOUGH DIRECTOR OF COMMUNICATIONS 5.00 X 12000 0 0 DONALD ROBBINS BOARD MEMBER 5.00 X 0 0 0 AMY LEVINE DAWSON BOARD MEMBER 5.00 X 0 0 0 DOUG PORTER BOARD MEMBER 5.00 X 0 0 0 JOSE ARMARIO BOARD MEMBER 5.00 X 0 0 0 MOLLY ANSBRO EXECUTIVE DIRECTOR 40.00 X 97728 0 0 WILLIAM CULP BOARD MEMBER 5.00 X 0 0 0 NATALIE STEWART BOARD MEMBER 5.00 X 0 0 0 127728 0 0 0 0 0 0 0 1257282 512963 1770245 27012 27012 313 -313 -313 -313 163283 1257282 580630 -417347 -417347 33866 -33866 -33866 1345731 -34179 27012 -417347 1896772 1896772 164897 161599 1649 1649 34425 34425 332 332 16701 16701 7488 7488 2231 1785 223 223 4702 4702 RENT 41118 41118 BANK FEES 10179 10179 LICENSES 1558 1558 2180403 2060156 118375 1872 680251 682102 29872 190217 20000 19600 39578 19926 31787 74320 801488 986165 2160986 3180335 2160986 3180335 X -1359498 -2194170 -1359498 -2194170 801488 986165 -834672 0 X 0 1 X 0 0 X 553897 573684 1081099 1786138 1770245 5765063 553897 573684 1081099 1786138 1770245 5765063 405000 293779 331000 718800 577816 2326395 0 405000 293779 331000 718800 577816 2326395 3438668 553897 573684 1081099 1786138 1770245 5765063 0.59650 0.55920 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OTHER CURRENT ASSETS 11484 OPERATING LEASE, RIGHT OF USE ASSET, NET 62836 74320 UNCONDITIONAL PROMISES TO GIVE 1100000 OPERATING LEASE LIABILITY, CURRENT PORTION 62975 UNCONDITIONAL PROMISE TO GIVE, LESS CURRENT PORTION 2017360 3180335 X 1926029 0 1926029 332 -580630 -580298 1345731 2760701 580630 580630 2180071 332 332 2180403 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE ("IRS") AS AN ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTION 509(A)(2). NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. FURTHERMORE, THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN POSITIONS. GENERALLY, THE FOUNDATION IS NOT SUBJECT TO US FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FROM THE DATE OF FILING. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROGRAM EXPENSES INCLUDED AS OTHER REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: PROGRAM EXPENSES INCLUDED AS OTHER REVENUE 0 KIAWAH CELEBRITY GOLF 659001 581126 77875 25872 40362 21566 280357 HEARTEST YARD GALA 457653 442653 15000 3337 15000 26032 3 303911 233503 70408 14480 68204 2390 83028 1420565 1257282 163283 29209 14480 123566 23956 389417 580628 -417345 0 THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC) FOUNDATION 1656510 0 CANCER & MEDICAL RESEARCH ATRIUM HEALTH 215212 0 CANCER & MEDICAL RESEARCH RONALD MCDONALD HOUSE 22500 0 CANCER & MEDICAL RECOVERY X 1 190843 TREAS. REG #20.2031-2 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS "1" IN PART I, COLUMN (B) FOR PUBLICLY TRADED SECURITIES TO REFLECT A SINGLE CONTRIBUTION RECEIVED FROM ONE DONOR, CONSISTENT WITH IRS GUIDANCE THAT TREATS A BLOCK OF STOCK TRANSFERRED IN ONE TRANSACTION AS ONE CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 2 KARA OLSEN, BOARD CHAIR (WIFE TO FOUNDER); SUE OLSEN, DIRECTOR (MOTHER TO FOUNDER, MOTHER TO EXECUTIVE DIRECTOR); KRISTEN MCCOLLOUGH, DIRECTOR OF COMMUNICATIONS (FOUNDER'S SISTER-IN-LAW). FORM 990, PART VI, SECTION B, LINE 11B DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REQUIRES THAT POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED ANNUALLY AND ON AN ONGOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 ANY REQUEST FOR THE DOCUMENTS WILL BE HONORED.