Olga B Hart Education Foundation
Only null% goes to programs Strong reserves
Olga B Hart Education Foundation is a 501(c)(3) organization based in Two Harbors, Minnesota, registered in 2001, with $156,425 in FY2023 revenue. CharityIndex grades it F.
1506 Waldo Rd, Two Harbors, MN, 55616 EIN 41-2015095 Since 2001
Revenue (FY2023)
$156K
▼ 43.0% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$302K
Net assets
$4.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Olga B Hart Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating190 mo reserves · -93% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Olga B Hart Education Foundation: 190 mo reserves · -93% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Olga B Hart Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Olga B Hart Education Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1506 Waldo Rd, Two Harbors, MN, 55616
- City
- Two Harbors
- State
- Minnesota
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $302K (FY2013) to $156K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $4.8M
Operating margin
-93.1%
Spent more than it raised in the latest fiscal year.
Total assets
$4.8M
Total liabilities
$0
Net assets
$4.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $156,425▼43.0% | $302,013▼0.5% | $4,789,205▼3.0% | $4,789,205▼3.0% | 990PF |
| 2022 | $274,459▼32.7% | $303,528▲14.3% | $4,934,793▼0.6% | $4,934,793▼0.6% | 990PF |
| 2021 | $407,662▲126% | $265,512▼1.8% | $4,963,862▲2.9% | $4,963,862▲2.9% | 990PF |
| 2020 | $180,648▼26.3% | $270,425▼14.5% | $4,821,712▼1.8% | $4,821,712▼1.8% | 990PF |
| 2019 | $245,215▼23.0% | $316,425▼0.4% | $4,911,489▼1.4% | $4,911,489▼1.4% | 990PF |
| 2018 | $318,458▲5.6% | $317,746▼3.2% | $4,982,699 | $4,982,699 | 990PF |
| 2017 | $301,468▼8.1% | $328,105▲0.3% | $4,981,987▼0.5% | $4,981,987▼0.5% | 990PF |
| 2016 | $328,143▲11.4% | $327,066▲3.9% | $5,008,624 | $5,008,624 | 990PF |
| 2015 | $294,602▲3.0% | $314,925▲0.5% | $5,007,547▼0.4% | $5,007,551▼0.4% | 990PF |
| 2014 | $286,064▼5.3% | $313,465▲1.5% | $5,027,870▼0.5% | $5,027,873▼0.5% | 990PF |
| 2013 | $302,086 | $308,700 | $5,055,271 | $5,055,275 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Olga B Hart Education Foundation a legitimate nonprofit?
- Yes. Olga B Hart Education Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-2015095, based in Two Harbors, Minnesota. Donations are tax-deductible.
- What is Olga B Hart Education Foundation's EIN?
- Olga B Hart Education Foundation's Employer Identification Number (EIN) is 41-2015095.
- How much revenue does Olga B Hart Education Foundation report?
- Olga B Hart Education Foundation reported $156,425 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Olga B Hart Education Foundation have?
- CharityIndex grades Olga B Hart Education Foundation F, based on financial health (reserves and operating margin).
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Data for Olga B Hart Education Foundation (EIN 41-2015095) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.