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Nonprofit · EIN 46-3709161

KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC

Tax-exempt · PARKER, CO 80134

Financials

$74K$75K2023$86K$77K2024$104K$77K2025
Revenue Expenses · by fiscal year end
Financials of KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$103,633$77,157$26,476$520,831$20,000$500,831
December 31, 2024990-PF$86,233$76,729$9,504$474,355$0$474,355
December 31, 2023990-PF$74,080$74,547-$467$479,851$15,000$464,851
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$40,242
Dividends
$8,706
Interest
$35
Net gain from sales of assets
$54,650

Expenses

Grants and similar amounts paid
$60,000
Compensation of officers, directors and key employees
$8,000
Disbursements for charitable purposes
$60,000
Excise tax on investment income
$767

Balance sheet and other

Total assets, start of year
$474,355
Total assets, end of year
$520,831
Total liabilities, end of year
$20,000
Net assets, end of year
$500,831
Fair market value of assets
$698,531
Qualifying distributions
$60,000
Net investment income
$63,236

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
STEVEN COREY
PO BOX 4803, PARKER, CO 80134
PRESIDENT / DIRECTOR1$2,000
DAVID JOHNSTON
PO BOX 4803, PARKER, CO 80134
VICE PRESIDENT / DIRECTOR1$2,000
BRAD JOHNSTON
PO BOX 4803, PARKER, CO 80134
SECRETARY / TREASURER / DI1$2,000
LYNN STABEN
PO BOX 4803, PARKER, CO 80134
DIRECTOR1$2,000
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
STEVEN COREY
PO BOX 4803, PARKER, CO 80134
PRESIDENT / DIRECTOR1$2,500
DAVID JOHNSTON
PO BOX 4803, PARKER, CO 80134
VICE PRESIDENT / DIRECTOR1$2,500
BRAD JOHNSTON
PO BOX 4803, PARKER, CO 80134
SECRETARY / TREASURER / DI1$2,500
LYNN STABEN
PO BOX 4803, PARKER, CO 80134
DIRECTOR1$2,500
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
STEVEN COREY
PO BOX 4803, PARKER, CO 80134
PRESIDENT / DIRECTOR1$2,000
DAVID JOHNSTON
PO BOX 4803, PARKER, CO 80134
VICE PRESIDENT / DIRECTOR1$2,000
BRAD JOHNSTON
PO BOX 4803, PARKER, CO 80134
SECRETARY / TREASURER / DI1$2,000
LYNN STABEN
PO BOX 4803, PARKER, CO 80134
DIRECTOR1$2,000

Address and contacts

Address (IRS master file)
PO BOX 4803, PARKER, CO 80134-1462
In care of
% TIMOTHY R STRADER
Signed the 990-PF
STEVE COREY, PRESIDENT
Phone
(303) 396-2322
Return prepared by
MAGINNIS & CAREY LLP

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
46-3709161
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$520,831
Income (IRS master file)
$296,121

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$103,633$77,157$520,831IRS
990-PFDecember 2024$86,233$76,729$474,355XML
990-PFDecember 2023$74,080$74,547$479,851XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 46-3709161).

Questions about KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC

What is the EIN of KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC?
The employer identification number (EIN) of KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC is 46-3709161.
Is KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC 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 KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC 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 KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $2,000 (STEVEN COREY, PRESIDENT / DIRECTOR).
How much revenue does KAREN ALICE NILSEN OLSEN CHARITABLE FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $103,633, expenses of $77,157 and total assets of $520,831 at year end.

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