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Nonprofit · EIN 22-2496957

OLEAN FOUNDATION

Tax-exempt · WESTERLY, RI 02891

Financials

$37K$68K2024$43K$67K2025
Revenue Expenses · by fiscal year end
Financials of OLEAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$42,659$67,465-$24,806$1,006,789$0$1,006,789
December 31, 2024990-PF$36,972$67,857-$30,885$1,000,868$0$1,000,868
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$39,911
Net gain from sales of assets
$2,748

Expenses

Grants and similar amounts paid
$52,460
Disbursements for charitable purposes
$55,035
Excise tax on investment income
$420

Balance sheet and other

Total assets, start of year
$1,000,868
Total assets, end of year
$1,006,789
Total liabilities, end of year
$0
Net assets, end of year
$1,006,789
Fair market value of assets
$1,006,789
Qualifying distributions
$55,035
Net investment income
$42,659

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BRUCE OLEAN
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
PRESIDENT2$0
RALPH ABRUZZESE
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
VICE PRESIDE2$0
MARGARET STEELE
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
DIRECTOR2$0
ROBERT HOFFMAN
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
TREASURER2$0
RAYMOND WALSH
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
FINANCE DIRE2$0
JOAN GRADILONE
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
DIRECTOR2$0
RUTH TURECKOVA
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
EXECUTIVE DI2$0
990-PF for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
BRUCE OLEAN
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
PRESIDENT2$0
RALPH ABRUZZESE
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
VICE PRESIDE2$0
MARGARET STEELE
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
DIRECTOR2$0
RBOERT HOFFMAN
C/O OLEAN FOUNDATION INC, 93 AIRPORT ROAD, WESTERLY, RI 02891
TREASURER2$0
RAYMOND WALSH
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
FINANCE DIRE2$0
JOAN GRADILONE
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
DIRECTOR2$0
RUTH TURECKOVA
C/O 93 AIRPORT ROAD, WESTERLY, RI 02891
EXECUTIVE DI2$0

Address and contacts

Address (IRS master file)
93 AIRPORT RD, WESTERLY, RI 02891-3420
Signed the 990-PF
RUTH TURECKOVA, EXECUTIVE DIRECTOR
Phone
(401) 315-0143
Return prepared by
HOYT FILIPPETTI & MALAGHAN LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
22-2496957
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
1984
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,006,789
Income (IRS master file)
$107,715

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025–––IRS
990-PFDecember 2024–––IRS
990-PFDecember 2023$53,363$60,221$907,722IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about OLEAN FOUNDATION

What is the EIN of OLEAN FOUNDATION?
The employer identification number (EIN) of OLEAN FOUNDATION is 22-2496957.
Is OLEAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to OLEAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does OLEAN FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of OLEAN FOUNDATION 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 OLEAN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of OLEAN FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does OLEAN FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $42,659, expenses of $67,465 and total assets of $1,006,789 at year end.

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