Nonprofit · EIN 87-0477898
OLYMPUS DEVELOPMENT FOUNDATION INC
Tax-exempt · SALT LAKE CTY, UT 84124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $245,670 | $240,244 | $5,426 | $322,386 | $0 | $322,386 |
| August 31, 2024 | 990 | $247,021 | $218,568 | $28,453 | $316,960 | $0 | $316,960 |
| August 31, 2023 | 990-EZ | $179,942 | $150,939 | $29,003 | $288,507 | – | $288,507 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $240,176
- Program service revenue
- $0
- Investment income
- $5,494
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $231,901
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $293
- Program services (functional)
- $240,244
Balance sheet and other
- Total assets, start of year
- $316,960
- Total assets, end of year
- $322,386
- Total liabilities, end of year
- $0
- Net assets, end of year
- $322,386
- Net assets without donor restrictions
- $322,386
- Gross receipts
- $245,670
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- UT
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 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY GASIK | PRESIDENT Officer | 5 | $0 |
| SYDNEY MADSEN | VICE PRESIDENT Officer | 5 | $0 |
| SCOTT JACKSON | TREASURER Officer | 5 | $0 |
990 for the year ended August 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT JACKSON | TREASUREER Officer | 5 | $0 |
| SYDNEY MADSEN | VICE PRESIDENT Officer | 5 | $0 |
| AMY GASIK | PRESIDENT Officer | 5 | $0 |
990-EZ for the year ended August 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA PACE | PRESIDENT | 5 | $0 |
| SYDNE MADSEN | VICE PRESIDENT | 5 | $0 |
| ADAM DEWAAL | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4055 S 2300 E, SALT LAKE CTY, UT 84124-1831
- In care of
- % SCOTT JACKSON
- Signed the 990
- SCOTT JACKSON, DIRECTOR
- Phone
- (385) 646-5400
- Website
- OLYMPUSHIGHFOUNDATION.ORG
- Return prepared by
- Julie Thorpe Accounting LLC
Mission
VARIOUS MINOR PROGRAMS TO BENEFIT OLYMPUS HIGH ATHLETICS, ACADEMICS, ARTS & SCIENCES
Program accomplishments
- VARIOUS MINOR PROGRAMS TO BENEFIT OLYMPUS HIGH ATHLETICS, ACADEMICS, ARTS & SCIENCESExpenses $240,244 · grants $231,901
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 87-0477898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $322,386
- Income (IRS master file)
- $245,670
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $245,670 | $240,244 | $322,386 | XML |
| 990 | August 2024 | $247,021 | $218,568 | $316,960 | XML |
| 990-EZ | August 2023 | $179,942 | $150,939 | $288,507 | XML |
| 990-EZ | August 2022 | – | – | – | 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 87-0477898).
Questions about OLYMPUS DEVELOPMENT FOUNDATION INC
- What is the EIN of OLYMPUS DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of OLYMPUS DEVELOPMENT FOUNDATION INC is 87-0477898.
- Is OLYMPUS DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to OLYMPUS DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLYMPUS DEVELOPMENT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLYMPUS DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLYMPUS DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of OLYMPUS DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OLYMPUS DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $245,670, expenses of $240,244 and total assets of $322,386 at year end.
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