MISSION
The Olas Foundation promotes educational equity and social impact by providing scholarships, granted on an objective and nondiscriminatory basis, to low-income students to access Spanish language lessons.
DEMOGRAPHIC
ADDRESS
31 DURKEE DR
04847
COUNTY
knox county, ME
IN CARE OF NAME
REBECCA COX
ORGANIZATIONAL OVERVIEW & RANKINGS
OLAS FOUNDATION is a based in HOPE, ME, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in March 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,650,255 among 2,656,690 nonprofits nationally (Top 63%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 5,881 out of 14,457 organizations in ME (Top 41%).
In knox county, ME, the organization ranks 450 out of 629 nonprofits by assets (Top 71%), while locally in hope, it stands at 10 among 20 organizations (Top 10%).
The organization reported no revenue in the most recent filing period, placing it at 819,237 nationally and 7,801 in ME.
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, OLAS FOUNDATION ranks 18,384 in assets (Top 58%) and 8,118 in revenue (Top 26%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
03/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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