Nonprofit · EIN 38-6083080
OLESON FOUNDATION
Tax-exempt · TRAVERSE CITY, MI 49685
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,936,986 | $2,207,298 | -$270,312 | $22,824,148 | $7,645 | $22,816,503 |
| December 31, 2024 | 990-PF (amended) | $1,298,017 | $2,294,378 | -$996,361 | $23,094,804 | $7,989 | $23,086,815 |
| December 31, 2023 | 990-PF | $1,803,835 | $2,009,705 | -$205,870 | $24,084,846 | $1,670 | $24,083,176 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $560,919
- Interest
- $817
- Net rental income
- $523,825
- Net gain from sales of assets
- $446,022
Expenses
- Grants and similar amounts paid
- $1,582,361
- Compensation of officers, directors and key employees
- $60,000
- Disbursements for charitable purposes
- $1,642,304
- Excise tax on investment income
- $19,233
Balance sheet and other
- Total assets, start of year
- $23,094,804
- Total assets, end of year
- $22,824,148
- Total liabilities, end of year
- $7,645
- Net assets, end of year
- $22,816,503
- Fair market value of assets
- $36,404,195
- Qualifying distributions
- $1,642,304
- Net investment income
- $1,936,986
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE RUSTEM PO BOX 904, TRAVERSE CITY, MI 49685 | EXECUTIVE DIRECTOR | 32 | $60,000 |
| MARTHA OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | PRESIDENT | 1 | $0 |
| DONALD M OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | VICE-PRESIDENT | 1 | $0 |
| RICHARD FORD PO BOX 904, TRAVERSE CITY, MI 49685 | SECRETARY | 1 | $0 |
| DONALD W OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| GERALD OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| CONNIE DENEWETH PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| BRAD OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| SAMANTHA OLESON-HANSEN PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| BENJAMIN WATTS PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY HUSCHKE PO BOX 904, TRAVERSE CITY, MI 49685 | EXECUTIVE DIRECTOR THRU 9/14/24 | 32 | $58,088 |
| STEPHANIE RUSTEM PO BOX 904, TRAVERSE CITY, MI 49685 | EXECUTIVE DIRECTOR AS OF 3/4/24 | 32 | $47,494 |
| MARTHA OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | PRESIDENT | 1 | $0 |
| DONALD M OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | VICE-PRESIDENT | 1 | $0 |
| RICHARD FORD PO BOX 904, TRAVERSE CITY, MI 49685 | SECRETARY | 1 | $0 |
| DONALD W OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| GERALD OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| CONNIE DENEWETH PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| BRAD OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| SAMANTHA OLESON-HANSEN PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| BENJAMIN WATTS PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY HUSCHKE PO BOX 904, TRAVERSE CITY, MI 49685 | EXECUTIVE DIRECTOR | 32 | $68,422 |
| DONALD W OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | PRESIDENT | 1 | $0 |
| GERALD E OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | VICE-PRESIDENT | 1 | $0 |
| RICHARD FORD PO BOX 904, TRAVERSE CITY, MI 49685 | SECRETARY | 1 | $0 |
| JOHN TOBIN PO BOX 904, TRAVERSE CITY, MI 49685 | FINANCE LIASION | 1 | $0 |
| MARTHA WATTS PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| DJ OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| BRAD OLESON PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
| CONNIE DENEWETH PO BOX 904, TRAVERSE CITY, MI 49685 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 904, TRAVERSE CITY, MI 49685-0904
- Signed the 990-PF
- STEPHANIE RUSTEM, EXECUTIVE DIRECTOR
- Phone
- (231) 946-9349
- Website
- OLESONFOUNDATION.ORG
- Return prepared by
- REHMANN ROBSON 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-6083080
- 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
- 1962
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $22,824,148
- Income (IRS master file)
- $2,751,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,936,986 | $2,207,298 | $22,824,148 | IRS |
| 990-PF | December 2024 | $1,298,017 | $2,294,378 | $23,094,804 | XML |
| 990-PF | December 2023 | $1,803,835 | $2,009,705 | $24,084,846 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 38-6083080).
Questions about OLESON FOUNDATION
- What is the EIN of OLESON FOUNDATION?
- The employer identification number (EIN) of OLESON FOUNDATION is 38-6083080.
- Is OLESON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to OLESON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OLESON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OLESON 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 OLESON 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 OLESON FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $60,000 (STEPHANIE RUSTEM, EXECUTIVE DIRECTOR).
- How much revenue does OLESON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,936,986, expenses of $2,207,298 and total assets of $22,824,148 at year end.
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