Nonprofit · EIN 47-0841132
OLSON BORTHERS FAMILY FOUNDATION
Tax-exempt · HASTINGS, NE 68901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,957 | $42,940 | -$40,983 | $699,222 | $0 | $699,222 |
| December 31, 2024 | 990-PF | $1,414 | $43,820 | -$42,406 | $740,205 | $0 | $740,205 |
| December 31, 2023 | 990-PF | $653 | $39,783 | -$39,130 | $782,611 | $0 | $782,611 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $228
- Interest
- $1
- Net gain from sales of assets
- $1,728
Expenses
- Grants and similar amounts paid
- $42,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $42,000
- Excise tax on investment income
- $27
Balance sheet and other
- Total assets, start of year
- $740,205
- Total assets, end of year
- $699,222
- Total liabilities, end of year
- $0
- Net assets, end of year
- $699,222
- Fair market value of assets
- $699,222
- Qualifying distributions
- $42,000
- Net investment income
- $1,957
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 |
|---|---|---|---|
| RANDY D KNAPP 619 N SHORE DR, HASTINGS, NE 68901 | SEC-TREAS/DIRECTOR HRS AS NEEDED | 0 | $0 |
| RICHARD PAUMER 2425 MYHILL LANE, CRETE, NE 68333 | DIRECTOR HRS AS NEEDED | 0 | $0 |
| LES SEILER 848 N 6TH AVE, HASTINGS, NE 68901 | PRESIDENT HRS AS NEEDED | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY D KNAPP 619 N SHORE DR, HASTINGS, NE 68901 | SEC-TREAS/DIRECTOR HRS AS NEEDED | 0 | $0 |
| RICHARD PAUMER 2425 MYHILL LANE, CRETE, NE 68333 | DIRECTOR HRS AS NEEDED | 0 | $0 |
| LES SEILER 848 N 6TH AVE, HASTINGS, NE 68901 | PRESIDENT HRS AS NEEDED | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY D KNAPP 619 N SHORE DR, HASTINGS, NE 68901 | SEC-TREAS/DIRECTOR HRS AS NEEDED | 0 | $0 |
| RICHARD PAUMER 2425 MYHILL LANE, CRETE, NE 68333 | DIRECTOR HRS AS NEEDED | 0 | $0 |
| LES SEILER 848 N 6TH AVE, HASTINGS, NE 68901 | PRESIDENT HRS AS NEEDED | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 619 N SHORE DR, HASTINGS, NE 68901-2560
- In care of
- % RANDY D KNAPP
- Signed the 990-PF
- RANDY KNAPP, SECRETARY/TREASURER
- Phone
- (402) 303-8818
- Return prepared by
- RIDGELINE CPAS 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
- 47-0841132
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $699,222
- Income (IRS master file)
- $1,957
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,957 | $42,940 | $699,222 | XML |
| 990-PF | December 2024 | $1,414 | $43,820 | $740,205 | IRS |
| 990-PF | December 2023 | $653 | $39,783 | $782,611 | 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 47-0841132).
Questions about OLSON BORTHERS FAMILY FOUNDATION
- What is the EIN of OLSON BORTHERS FAMILY FOUNDATION?
- The employer identification number (EIN) of OLSON BORTHERS FAMILY FOUNDATION is 47-0841132.
- Is OLSON BORTHERS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to OLSON BORTHERS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OLSON BORTHERS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OLSON BORTHERS FAMILY 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 OLSON BORTHERS FAMILY 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 OLSON BORTHERS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OLSON BORTHERS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,957, expenses of $42,940 and total assets of $699,222 at year end.
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