Nonprofit · EIN 84-3990362
OLEY FRIENDS FOUNDATION
Tax-exempt (reinstated) · LAGUNA HILLS, CA 92653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $732 | $141,275 | -$140,543 | $2,130,502 | $255,625 | $1,874,877 |
| December 31, 2023 | 990-PF | $7,352 | $143,409 | -$136,057 | $2,271,045 | $255,625 | $2,015,420 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $732
Expenses
- Grants and similar amounts paid
- $135,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $135,615
- Excise tax on investment income
- $6
Balance sheet and other
- Total assets, start of year
- $2,271,045
- Total assets, end of year
- $2,130,502
- Total liabilities, end of year
- $255,625
- Net assets, end of year
- $1,874,877
- Fair market value of assets
- $2,130,502
- Qualifying distributions
- $135,615
- Net investment income
- $732
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 |
|---|---|---|---|
| TERRANCE OLSON 27682 GOLD DUST LN, LAGUNA HILLS, CA 92653 | DIRECTOR/CEO | 5 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRANCE OLSON 27682 GOLD DUST LN, LAGUNA HILLS, CA 92653 | DIRECTOR/CEO | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 27682 GOLD DUST LN, LAGUNA HILLS, CA 92653-5898
- Signed the 990-PF
- TERRANCE OLSON, DIRECTOR
- Phone
- (714) 609-0466
- Return prepared by
- EIDE BAILLY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3990362 or by the name OLEY FRIENDS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 | Not 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
- 84-3990362
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $2,130,502
- Income (IRS master file)
- $732
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- February 15, 2023
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $732 | $141,275 | $2,130,502 | XML |
| 990-PF | December 2023 | $7,352 | $143,409 | $2,271,045 | XML |
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 84-3990362).
Questions about OLEY FRIENDS FOUNDATION
- What is the EIN of OLEY FRIENDS FOUNDATION?
- The employer identification number (EIN) of OLEY FRIENDS FOUNDATION is 84-3990362.
- Is OLEY FRIENDS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to OLEY FRIENDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OLEY FRIENDS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OLEY FRIENDS FOUNDATION 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 OLEY FRIENDS 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 OLEY FRIENDS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does OLEY FRIENDS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $732, expenses of $141,275 and total assets of $2,130,502 at year end.
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- LEGACY CELLAR FOUNDATION EIN 84-3243945 · last filed 990-EZ for 2025
- JESSE TURNER FOUNDATION EIN 81-0896035 · last filed 990-PF for 2024
All nonprofits in LAGUNA HILLS · California · Philanthropy, voluntarism and grantmaking foundations