COLBY OLSEN FOUNDATION: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
COLBY OLSEN FOUNDATION (EIN 82-3093500)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-24
IRS object ID
202242979349200994
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-10-24T18:17:42-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN860794457PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Martin Zeldin CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12927 N Campbell AvenueAddressLine1Txt
CityTucsonCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85719ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823093500EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COLBY OLSEN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLBBusinessNameControlTxt
Phone5203439139PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14590 N TIERRA ALTA DRAddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85749ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNOREEN OLSENPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2022-10-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNOREENPersonFirstNm
Person LastOLSENPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN ZELDIN CPAPreparerPersonNm
PTINP00070114PTIN
Phone5203271866PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressTHE COLBY OLSEN FOUNDATION.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$9,149GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$9,149ContributionsGiftsGrantsEtcAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$9,149TotalRevenueAmt
Other Expenses Total$8,385OtherExpensesTotalAmt
Total Expenses$8,385TotalExpensesAmt
Excess Or Deficit For Year$764ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$5,792NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,556NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$5,792BOYAmt
EOY$6,556EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,792BOYAmt
EOY$6,556EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$5,792BOYAmt
EOY$6,556EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTHE MISSION OF THE COLBY OLSEN FOUNDATION IS TO CREATE AWARENESS ABOUT ISSUES AFFECTING THE LGBTQ YOUTH AND SENIORS IN OUR COMMUNITYPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomSEE STATEMENTDescriptionProgramSrvcAccomTxt
Grants And Allocations$8,375GrantsAndAllocationsAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$8,375TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
NOREEN OLSEN
President & CEO15.00$0
YAXAIRA LEON
SEC'Y/TREAS2.00$0
RICH ROBERTS
Vice President2.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonNOREEN OLSENPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14590 N TIERRA ALTA DRAddressLine1Txt
CityTUCSONCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85749ZIPCd
FieldValueIRS element (for citing)
Phone5203439139PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,898CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,099CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,441CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,221CurrentTaxYearMinus1YearAmt
Current Tax Year$9,149CurrentTaxYearAmt
Total$57,808TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,898CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,099CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,441CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,221CurrentTaxYearMinus1YearAmt
Current Tax Year$9,149CurrentTaxYearAmt
Total$57,808TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$57,808PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$57,808TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $469
Other Expenses.1002Office Expenses $939
Other Expenses.1005Travel $43
Other Expenses.1012Insurance $325
Other Expenses.1PROGRAM EXPENSES $5000
Other Expenses.2DUES AND SUBSCRIPTIONS $919
Other Expenses.3SUPPLIES $680
Other Expenses.4LICENSES $10
PART III, PROGRAM SERVICE ACCOMPLISHMENTSSEE ATTACHED STATEMENT.

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