Olas Foundation
Nonprofit profile at a glance
- EIN
- 854357815
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Hope, ME, USA
- Phone
- 2076910588
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $62,506
- Expenses
- $72,413
- Assets
- $58,410
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Rebecca Cox (President)
People named in this filing
- Rebecca Cox (President)
- Sindy Perez Estrada (Co-Director)
- Joseph Cox (Treasurer)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Olas Foundation's primary exempt purpose is to support women in an at-risk community in Guatemala City (Zones 3 and 7) as conversational Spanish tutors through training, holistic support, and connection to students and educational partners, so they can develop key professional skills and build self-confidence. We also support high school and college students in the US by creating meaningful opportunities for language and cultural exchange.
What it reported doing in 2025
Program Name: Employment Training & Opportunities for Vulnerable Women Mission: To create sustainable work opportunities for vulnerable women in Zones 3 and 7 of Guatemala City by training them as conversational Spanish tutors, providing holistic emotional and material support, and connecting them with Spanish learners around the world. Activities: The program offers training in technology literacy, Spanish tutoring techniques, English language skills, and time management. We also promote "Olas Spanish" tutoring sessions through various platforms to connect women with global Spanish learners, enabling them to earn income and develop key professional skills. Target Population: Women residing in Zones 3 and 7 of Guatemala City who face significant barriers to traditional employment. Impact: Since launching in 2020, the program has supported over 20 women on their path toward economic stability and holistic wellbeing. Participants have engaged with thousands of Spanish learners, developing professional experience and collectively generating thousands of dollars in income. Resources: The program is supported by five staff members, volunteers, and community partners. Program Expenses: $53,104.60 was spent on staff and participant compensation, training materials, educational tools, and program-related events.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85%; rating input score 85
- Program expense ratio: 73.3%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -15.8%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 16%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: -6.7% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: -15.6% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 85% of revenue deployed · 73.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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: Operating margin scored 24/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 9/100.