Olean Association for the Blind

OLEAN, NY EIN: 16-6032444

Olean Association for the Blind is a private foundation, based in OLEAN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $524K in total assets. In 2024, it awarded 3 grants totaling $36K. Net investment income was $42K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$524K

+1.2% YoY

Annual Giving

$36K

-3.2% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$12K

+61.3% YoY

Under IRS private-foundation payout rules, Olean Association for the Blind reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.

About Olean Association for the Blind

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $181K (100%)

Pennsylvania $622 (0%)

States

New York Pennsylvania

Cities

BradfordCubaJamestownOleanWellsville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$523,523	$517,514	$525,351
Revenue	$51,797	$38,499	$36,647
Expenses	$45,788	$46,336	$32,512
Qualifying Distributions	$37,321	$38,578	$24,138
Net Investment Income	$41,872	$23,710	$27,625
Distributable Amount	$40,632	$37,499	$38,467

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

26 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Interfaith Care Givers ($20,641), Cba Vision Rehabilitation Services ($12,000), Spca Cattaraugus County ($3,500).

Recipient	Purpose	Amount
INTERFAITH CARE GIVERS OLEAN, NY	GENERAL SUPPORT	$20,641
SPCA CATTARAUGUS COUNTY OLEAN, NY	GENERAL SUPPORT	$3,500
CBA VISION REHABILITATION SERVICES JAMESTOWN, NY	GENERAL SUPPORT	$12,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HON MICHAEL NENNO	President	2	—
RICH REILLY	Vice President	2	—
CATHY KOEBELIN	Director	2	—
JUDY PATTON	Director	2	—
BETSY PRICE	Director	2	—
BRIAN MCALLISTER	Director	2	—

Frequently Asked Questions

How large is Olean Association for the Blind?

As of 2024, Olean Association for the Blind holds $524K in total assets with $52K in annual revenue. It awarded 3 grants totaling $36K in 2024.

Where does Olean Association for the Blind operate?

Olean Association for the Blind has awarded grants in New York, Pennsylvania.

What size grants does Olean Association for the Blind award?

In 2024, Olean Association for the Blind awarded 3 grants totaling $36K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Olean Association for the Blind required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Olean Association for the Blind reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Olean Association for the Blind's EIN?

Olean Association for the Blind's EIN (Employer Identification Number) is 16-6032444. IRS Form 990 filing data is available on this page for 2020–2024.