Friends of Oliver Inc
Nonprofit profile at a glance
- EIN
- 884248830
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Santa Monica, CA, USA
- Phone
- 6096383459
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $39,182
- Expenses
- $35,070
- Assets
- $13,368
- Liabilities
- $580
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- LAUREN BECK (PRESIDENT)
People named in this filing
- ALEXANDER WANG (SECRETARY)
- LAUREN BECK (PRESIDENT)
- BEN NULSEN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Friends of oliver, inc is a tax-exempt 501(c)(3) organization started by friends and the parents of oliver nulsen, who was born and diagnosed with diamond blackfan anemia - a genetic disorder in which the bone marrow is unable to produce red blood cells - or "dba." oliver, and others suffering from dba, face seemingly insurmountable challenges, including dependence on blood transfusions to maintain safe red blood cell counts. Despite the many challenges, oliver finds and spreads joy each and every day, brightening the lives of his family and friends alike. Foo aims to fund targeted research and other resources for those suffering from dba with the goal of providing oliver and those like him a chance to lead the kind of life that many of us take for granted.
What it reported doing in 2024
Grant to the northwell health inc to continue their research of the disease
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.3%; rating input score 89
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.5%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -97.6% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 40.8% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 89.3% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.