Nonprofit · EIN 27-0843891
RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC
Tax-exempt · FT LAUDERDALE, FL 33301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,345,731 | $2,180,403 | -$834,672 | $986,165 | $3,180,335 | -$2,194,170 |
| December 31, 2023 | 990 | $1,460,697 | $2,735,349 | -$1,274,652 | $801,488 | $2,160,986 | -$1,359,498 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,770,245
- Program service revenue
- $0
- Investment income
- $26,699
- Net gain from sales of assets
- -$313
- Net income from fundraising events
- -$417,347
- Net income from sales of inventory
- -$33,866
- Other revenue
- -$451,213
Expenses
- Grants and similar amounts paid
- $1,896,772
- Compensation of officers, directors and key employees
- $164,897
- Salaries, compensation and benefits (total)
- $164,897
- Professional fundraising fees
- $0
- Accounting fees
- $34,425
- Program services (functional)
- $2,060,156
- Management and general (functional)
- $118,375
- Fundraising (functional)
- $1,872
Balance sheet and other
- Total assets, start of year
- $801,488
- Total assets, end of year
- $986,165
- Total liabilities, end of year
- $3,180,335
- Net assets, end of year
- -$2,194,170
- Net assets without donor restrictions
- -$2,194,170
- Gross unrelated business income
- $27,012
- Gross receipts
- $1,960,540
- Employees
- 2
- Volunteers
- 50
- Year formed
- 2009
- State of legal domicile
- FL
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 |
|---|---|---|---|
| MOLLY ANSBRO | EXECUTIVE DIRECTOR Trustee or director | 40 | $97,728 |
| DEBORAH DOOLEY | CONTROLLER Trustee or director | 10 | $18,000 |
| KRISTEN MCCULLOUGH | DIRECTOR OF COMMUNICATIONS Trustee or director | 5 | $12,000 |
| GREGORY W OLSEN | FOUNDER/CHAIRMAN Trustee or director, Officer | 10 | $0 |
| KARA OLSEN | CO-FOUNDER Trustee or director, Officer | 5 | $0 |
| SUSAN OLSEN | DIRECTOR OF COMMUNITY OUTREACH Trustee or director | 5 | $0 |
| DONALD ROBBINS | BOARD MEMBER Trustee or director | 5 | $0 |
| AMY LEVINE DAWSON | BOARD MEMBER Trustee or director | 5 | $0 |
| DOUG PORTER | BOARD MEMBER Trustee or director | 5 | $0 |
| JOSE ARMARIO | BOARD MEMBER Trustee or director | 5 | $0 |
| WILLIAM CULP | BOARD MEMBER Trustee or director | 5 | $0 |
| NATALIE STEWART | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY ANSBRO | EXECUTIVE DIRECTOR Trustee or director | 40 | $120,565 |
| DEBORAH DOOLEY | CONTROLLER Trustee or director | 10 | $12,000 |
| GREGORY W OLSEN | FOUNDER/CHAIRMAN Trustee or director, Officer | 10 | $0 |
| KARA OLSEN | C-FOUNDER Trustee or director, Officer | 5 | $0 |
| SUSAN OLSEN | DIRECTOR OF COMMUNITY OUTR Trustee or director | 5 | $0 |
| KRISTEN MCCULLOUGH | DIRECTOR OF COMMUNICATIONS Trustee or director | 5 | $0 |
| DONALD ROBBINS | BOARD MEMBER Trustee or director | 5 | $0 |
| AMY LEVINE DAWSON | BOARD MEMBER Trustee or director | 5 | $0 |
| DOUG PORTER | BOARD MEMBER Trustee or director | 5 | $0 |
| JOSE ARMARIO | BOARD MEMBER Trustee or director | 5 | $0 |
| WILLIAM CULP | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 200 E LAS OLAS BLVD STE 1550, FT LAUDERDALE, FL 33301-2238
- Principal officer (990 for 2024)
- GREG OLSEN, 200 E LAS OLAS BLVD STE 1550, FT LAUDERDALE, FL 33301
- Signed the 990
- GREG OLSEN, FOUNDER
- Phone
- (407) 401-4534
- Website
- RECEPTIONSFORRESEARCH.ORG
- Return prepared by
- CORIENT TAX LLC
Mission
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.
Program accomplishments
- RONALD MCDONALD HOUSE PROVIDES ESSENTIAL SERVICES THAT REMOVE BARRIERS, STRENGTHEN FAMILIES AND PROMOTE HEALING WHEN CHILDREN NEED HEALTHCARE.Expenses $24,441 · grants $22,500
- 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.Expenses $233,775 · grants $215,212
- 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.Expenses $1,799,390 · grants $1,656,510
- Expenses $2,550 · grants $2,550
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
- 27-0843891
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H12)
- Assets (IRS master file)
- $986,165
- Income (IRS master file)
- $1,960,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,345,731 | $2,180,403 | $986,165 | XML |
| 990 | December 2023 | $1,460,697 | $2,735,349 | $801,488 | XML |
| 990 | December 2022 | $1,228,890 | $569,420 | $536,599 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 27-0843891).
Questions about RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC
- What is the EIN of RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC?
- The employer identification number (EIN) of RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC is 27-0843891.
- Is RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION 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 RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION 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 RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION 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 RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names GREG OLSEN.
- Who are the officers and directors of RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $97,728 (MOLLY ANSBRO, EXECUTIVE DIRECTOR).
- How much revenue does RECEPTIONS FOR RESEARCH - THE GREG OLSEN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,345,731, expenses of $2,180,403 and total assets of $986,165 at year end.
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