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Filing year 2024

OLESON FOUNDATION

Traverse City, Michigan·EIN 38-6083080·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$1.3M
Total assets
$23.1M
Total expenses
$2.3M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Michigan.

Executive Director
Median to 75th percentile
$106k
$114k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at OLESON FOUNDATION equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
5%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.6M

Itemized grants

71

Median grant

$15k

RecipientLocationPurposeAmount
DIRECTORS FUNDPROVIDENCE, RIDIRECTORS FUND$90k
GRAND TRAVERSE REGIONAL LAND CONSERVANCYTRAVERSE CITY, MIACQUISITION OF THE RIDGE PROPERTY$85k
TART TRAILSTRAVERSE CITY, MICONSTRUCTION OF 5-MILES OF TRAIL AROUND SLEEPING BEAR DUNES, SUPPORT SAFE ROUTES TO SCHOOLS TRAIL ON HAMMOND ROAD$75k
NONPROFIT RENTALSOKEMOS, MIZONTA ($34,171) AND THE FESTIVAL FOUNDATION ($36,040)$70k
FRIENDS OF FIFE LAKE PUBLIC LIBRARYFIFE LAKE, MICAPITAL PROJECT - TWO-STORY ADDITION AT FIFE LAKE PUBLIC LIBRARY$50k
FRIENDS OF GT CONSERVATION DISTRICTTRAVERSE CITY, MIBOARDMAN CROSSING FOOTBRIDGE CONSTRUCTION$50k
GOODWILL INDUSTRIES OF NORTHERN MICHIGANTRAVERSE CITY, MINEW BOX TRUCK FOR FOOD RESCUE PROGRAM OPERATIONS$50k
GRAND TRAVERSE BAY YMCATRAVERSE CITY, MICAPITAL CAMPAIGN TO EXPAND YMCA FACILITIES$50k
INLAND SEAS EDUCATION CENTERSUTTONS BAY, MIMATCHING FUNDS FOR CAPITAL CAMPAIGN$50k
MOUNT HOLIDAYTRAVERSE CITY, MIREDESIGN AND PURCHASE SNOWMAKING INFRASTRUCTURE$50k
NEW COMMUNITY VISIONOKEMOS, MIPURCHASE TIMBER SHORES PROPERTY FOR PUBLIC RECREATIONAL USE$50k
SAFE HARBOR OF GRAND TRAVERSETRAVERSE CITY, MIYEAR-ROUND OPERATIONS$50k
THOMPSONVILLE AREA REVITALIZATION PROJECTTHOMPSONVILLE, MICAPITAL CAMPAIGN - CONSTRUCT NEW TRAILHEAD AND VISITOR CENTER$50k
UNITED WE SMILETRAVERSE CITY, MIDENTAL TREATMENT FOR PEOPLE EXPERIENCING DOMESTIC VIOLENCE$50k
CHILD & FAMILY SERVICES NW MITRAVERSE CITY, MIRENOVATION OF YOUTHWORK TRAINING AND EDUCATIONAL CENTER$35k
NORTH CENTRAL MICHIGAN COLLEGE FOUNDATIONPETOSKEY, MIMEDICAL AND HEALTH EDUCATION FACILITY CONSTRUCTION$30k
NORTHWESTERN MICHIGAN COLLEGE FOUNDATIONTRAVERSE CITY, MINMC STUDENT MOBILE FOOD PANTRY AND OLESON CENTER UPDATES$30k
TRAVERSE BAY CHILDREN'S ADVOCACY CENTERTRAVERSE CITY, MIEXPANSION AND SUPPORT OF ORGANIZATIONAL CHANGES$30k
CITY OPERA HOUSE HERITAGE ASSOCIATIONTRAVERSE CITY, MISUPPORT AND PROGRAMS$25k
HABITAT FOR HUMANITY GRAND TRAVERSE REGIONTRAVERSE CITY, MISTART BUILDING 4 NEW HOMES IN NEW WAVES COMMUNITY$25k
LITTLE TRAVERSE BAY HUMANE SOCIETYHARBOR SPRINGS, MISUPPORT AND PROGRAMS$25k
NORTHWEST MICHIGAN HABITAT FOR HUMANITYHARBOR SPRINGS, MICOMPLETION OF 46 AFFORDABLE HOMES BY 2025$25k
THE SALVATION ARMY - TRAVERSE CITYTRAVERSE CITY, MIHELP FOR FAMILIES IN NEED; STAY HOUSED-EMERGENCY RENTAL ASSISTANCE PROGRAM$25k
WOMEN'S RESOURCE CENTER OF N MICHIGANPETOSKEY, MICAPITAL CAMPAIGN - CONSTRUCT NEW FACILITY$25k
BOTANIC GARDEN AT HISTORIC BARNS PARKTRAVERSE CITY, MICAPITAL CAMPAIGN - DAIRY BARN INTO EDUCATION AND CONFERENCE CENTER$20k
Compare this foundation's grantees

Up 54%
from 2023

From $68k in 2023 to $106k in 2024.

$68k
2023
$106k
2024
In today's dollarsEst.
Up 50% in real terms$76k to $114k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 54% from 2023 to 2024, while revenue fell 28%.

$68k in 2023 to $106k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about OLESON FOUNDATION

What does the Chief Executive Officer of OLESON FOUNDATION earn?

In 2024, the Chief Executive Officer of OLESON FOUNDATION received $105,582 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Michigan, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at OLESON FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Michigan, the 2024 pay of the Chief Executive Officer at OLESON FOUNDATION falls between the median and the 75th percentile. In 2024, the highest total compensation at OLESON FOUNDATION equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are OLESON FOUNDATION's revenue and expenses?

In 2024, OLESON FOUNDATION reported $1.3M in total revenue and $2.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.