Nonprofit · EIN 54-6049005
THE GEORGE AND CAROL OLMSTED FOUNDATION
Also known as BRUCE K SCOTT
Tax-exempt · FALLS CHURCH, VA 22046
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,913,058 | $2,747,772 | $1,165,286 | $48,490,520 | $1,027,282 | $47,463,238 |
| December 31, 2023 | 990-PF | $1,815,568 | $2,664,935 | -$849,367 | $46,049,159 | $1,087,228 | $44,961,931 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,077,722
- Net gain from sales of assets
- $2,834,697
- Other income
- $639
Expenses
- Grants and similar amounts paid
- $1,129,724
- Compensation of officers, directors and key employees
- $757,760
- Salaries, compensation and benefits (total)
- $136,373
- Disbursements for charitable purposes
- $2,322,894
- Excise tax on investment income
- $51,163
Balance sheet and other
- Total assets, start of year
- $46,049,159
- Total assets, end of year
- $48,490,520
- Total liabilities, end of year
- $1,027,282
- Net assets, end of year
- $47,463,238
- Fair market value of assets
- $48,490,520
- Qualifying distributions
- $2,322,894
- Net investment income
- $4,065,687
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE K SCOTT 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | PRESIDENT | 40 | $287,970 | $14,398 |
| MARK B ELFENDAHL 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | EXECUTIVE VICE PRESIDENT | 40 | $209,790 | $10,489 |
| SEAN J COSDEN 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | VICE PRESIDENT | 40 | $168,000 | $8,400 |
| AMY W MACDONALD 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | OFFICE ADMINISTRATOR Highest-paid employee | 40 | $73,500 | $3,675 |
| JAMES G FOGGO 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | CHAIRMAN | 1 | $9,200 | $0 |
| KURT W TIDD 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| KRISTIE A KENNEY 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| STEVEN M SHEPRO 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| PATRICK J DONAHUE 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| NADJA Y WEST 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| ROBERT A GLECKLER 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| MICHAL POLIDOR 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| JONATHAN AHLSTROM 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
| EDWARD V HOLTON 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $9,200 | $0 |
990-PF for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE K SCOTT 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | PRESIDENT | 40 | $274,260 | $13,713 |
| MARK B ELFENDAHL 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | EXECUTIVE VICE PRESIDENT | 40 | $203,800 | $9,990 |
| SEAN J COSDEN 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | VICE PRESIDENT | 40 | $164,000 | $8,000 |
| AMY W MACDONALD 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | OFFICE ADMINISTRATOR Highest-paid employee | 40 | $72,000 | $3,500 |
| JAMES G FOGGO 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | CHAIRMAN | 1 | $8,000 | $0 |
| KURT W TIDD 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| KRISTIE A KENNEY 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| STEVEN M SHEPRO 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| PATRICK J DONAHUE 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| NADJA Y WEST 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| ROBERT A GLECKLER 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| EDWARD V HOLTON 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $8,000 | $0 |
| MICHAL POLIDOR 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $6,000 | $0 |
| JONATHAN AHLSTROM 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $6,000 | $0 |
| ROBERT L MCCLURE 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $6,000 | $0 |
| TORKEL L PATTERSON 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $6,000 | $0 |
| TOBIAS SWITZER 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $2,000 | $0 |
| PATRICK MURPHY 80 EAST JEFFERSON STREET 300B, FALLS CHURCH, VA 22046 | DIRECTOR | 1 | $2,000 | $0 |
Address and contacts
- Address (IRS master file)
- 80 E JEFFERSON ST STE 300B, FALLS CHURCH, VA 22046-3566
- Signed the 990-PF
- BRUCE K SCOTT, PRESIDENT
- Phone
- (703) 536-3500
- Website
- WWW.OLMSTEDFOUNDATION.ORG
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
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 | Check at the IRS |
| 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
- 54-6049005
- 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
- 1960
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $42,535,174
- Income (IRS master file)
- $21,809,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,913,058 | $2,747,772 | $48,490,520 | XML |
| 990-PF | December 2023 | $1,815,568 | $2,664,935 | $46,049,159 | 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 54-6049005).
Questions about THE GEORGE AND CAROL OLMSTED FOUNDATION
- What is the EIN of THE GEORGE AND CAROL OLMSTED FOUNDATION?
- The employer identification number (EIN) of THE GEORGE AND CAROL OLMSTED FOUNDATION is 54-6049005.
- Is THE GEORGE AND CAROL OLMSTED FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to THE GEORGE AND CAROL OLMSTED FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE GEORGE AND CAROL OLMSTED FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE GEORGE AND CAROL OLMSTED 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 THE GEORGE AND CAROL OLMSTED FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE GEORGE AND CAROL OLMSTED FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $287,970 (BRUCE K SCOTT, PRESIDENT).
- How much revenue does THE GEORGE AND CAROL OLMSTED FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,913,058, expenses of $2,747,772 and total assets of $48,490,520 at year end.
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