Olive B Cole Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Olive B Cole Foundation Inc is a 501(c)(3) organization based in Fort Wayne, Indiana, registered in 1958, with $1,528,596 in FY2024 revenue. CharityIndex grades it C+.
6207 Constitution Dr, Fort Wayne, IN, 46804 EIN 35-6040491 Since 1958
Revenue (FY2024)
$1.5M
▼ 4.2% vs prior year
Expenses (FY2024)
$1.7M
Net assets
$32.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Olive B Cole Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating223 mo reserves · -14% 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 Olive B Cole Foundation Inc: 223 mo reserves · -14% margin earns a C+ 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 Olive B Cole Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Olive B Cole Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6207 Constitution Dr, Fort Wayne, IN, 46804
- City
- Fort Wayne
- State
- Indiana
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $3.1M (FY2019) to $1.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $32.4M
Operating margin
-14.3%
Spent more than it raised in the latest fiscal year.
Total assets
$32.4M
Total liabilities
$0
Net assets
$32.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,528,596▼4.2% | $1,747,061▲0.6% | $32,439,869▼0.7% | $32,439,869▼0.7% | 990PF |
| 2023 | $1,595,787▼43.9% | $1,735,779▼12.2% | $32,658,334▼0.4% | $32,658,334▼0.4% | 990PF |
| 2022 | $2,843,905▼12.7% | $1,977,582▲12.6% | $32,798,326▲2.7% | $32,798,326▲2.7% | 990PF |
| 2021 | $3,258,816▲33.6% | $1,756,825▼0.4% | $31,932,003▲4.9% | $31,932,003▲4.9% | 990PF |
| 2020 | $2,439,590▼20.5% | $1,764,475▲7.3% | $30,430,012▲2.3% | $30,430,012▲2.3% | 990PF |
| 2019 | $3,067,627 | $1,644,604 | $29,754,897 | $29,754,897 | 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.
Frequently asked questions
- Is Olive B Cole Foundation Inc a legitimate nonprofit?
- Yes. Olive B Cole Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-6040491, based in Fort Wayne, Indiana. Donations are tax-deductible.
- What is Olive B Cole Foundation Inc's EIN?
- Olive B Cole Foundation Inc's Employer Identification Number (EIN) is 35-6040491.
- How much revenue does Olive B Cole Foundation Inc report?
- Olive B Cole Foundation Inc reported $1,528,596 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Olive B Cole Foundation Inc have?
- CharityIndex grades Olive B Cole Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Olive B Cole Foundation Inc (EIN 35-6040491) 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.