Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ELIS OLSSON MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4170 TANAGER CT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST POINT, VA231810151
A Employer identification number

54-6062436
B Telephone number (see instructions)

(804) 366-2112
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$10,750,414J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 266,856 266,856  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -205,192
b Gross sales price for all assets on line 6a 4,747,510
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 61,664 266,856  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,985 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
112,321 112,321   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,886 5,886   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 121,192 118,207   0
25 Contributions, gifts, grants paid....... 400,000 400,000
26 Total expenses and disbursements. Add lines 24 and 25 521,192 118,207   400,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -459,528
b Net investment income (if negative, enter -0-) 148,649
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 476,037 391,627 391,627
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,880,273 Click to see attachment
List of Attached Documents:
// Content
6,693,305 		7,465,003
c Investments—corporate bonds (attach schedule)....... 2,089,393 Click to see attachment
List of Attached Documents:
// Content
2,927,107 		2,893,784
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,767 0 0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,456,470 10,012,039 10,750,414
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 18,415,527 18,415,527
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -7,959,057 -8,403,488
29 Total net assets or fund balances (see instructions)..... 10,456,470 10,012,039
30 Total liabilities and net assets/fund balances (see instructions). 10,456,470 10,012,039
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,456,470
2
Enter amount from Part I, line 27a .....................
2
-459,528
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
15,097
4
Add lines 1, 2, and 3 ..........................
4
10,012,039
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,012,039
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a IDEXX LABORATORIES INC      
b SHOPIFY INC      
c HEICO CORP CLASS A      
d ALPHABET INC CLASS C      
e BLACKLINE INC      
TELEFLEX INC      
CABLE ONE INC      
TRANSDIGM GROUP      
ATLASSIAN CORP PLC      
VISA INC      
BIO-TECHNE CORP      
AMERICAN TOWER CORP      
BLACKLINE INC      
CABLE ONE INC      
CBRE GROUP INC      
COSTAR GROUP INC      
ENDAVA PLC ADR      
ECOLAB INC      
FASTENAL CO      
ALPHABET INC CLASS C      
AMAZON.COM INC      
GUIDEWIRE SOFTWARE INC      
INTUITUVE SURGICAL INC      
CARMAX INC      
SBA COMMUNICATIONS CORP      
QUALCOMM INC      
THERMO FISHER SCIENTIFIC INC      
S&P GLOBAL INC      
VEEVA SYSTEMS INC      
SPROUT SOCIAL INC      
DANAHER CORP      
IDEXX LABORATORIES INC      
ILLUMINA INC      
VULCAN MATERIALS CO      
WORKIVA INC      
MOODY'S CORP      
WEST PHARMACEUTICAL SERVICES      
WILLSCOTT MOBILE MINI HOLDINGS CORP      
WASTE CONNECTIONS INC      
ASYS INC      
OLD DOMINION FREIGHT LINES      
MASTERCARD INC      
VERISK ANALYTICS INC      
CROWDSTRIKE HOLDINGS INC      
DOLLAR GENERAL CORP      
MARKEL CORP      
SITEONE LANDSCAPE SUPPLY INC      
MICROSOFT CORP      
HEICO CORP CLASS A      
WNS HOLDINGS LTD ADR      
QUEBECOR MEDIA INC      
ISTAR INC SR      
ISTAR INC SR      
IHEARTCOMMUNICATIONS INC      
DIGITALBRIDGE GROUP INC      
LENDINGTREE INC      
LENDINGTREE INC      
COMMERCIAL METALS CO      
HOPE BANCORP INC      
TENET HEALTHCARE CORP      
SPECTRUM BRANDS      
NEWELL BRANDS INC      
PDC ENERGY INC      
PBF HOLDING CO      
TRANSDIGM INC      
ONEMAIN FINANCE LLC      
OCEANEERING INTL INC      
NEWMARKET GROUP INC      
MPT OPERATING PARTNERSHIP      
BNY MELLON GLOBAL STOCK FUND      
T. ROWE PRICE GLOBAL STOCK FUND I      
FPA CRESCENT FUND      
ISHARE MSCI GLOBAL      
PARNASSUS CORE EQUITY FUND      
PARNASSUS CORE EQUITY FUND      
T. ROWE PRICE CAPITAL APPRECIATION FUND      
GOLDMAN SACHS ACTIVEBETA      
GOLDMAN SACHS ACTIVEBETA      
JPMORGAN CORE PLUS BOND      
JPMORGAN SHORT DURATION CORE      
METROPOLITAN WEST UNCONSTRAINED BOND FUND      
INVESCO DEVELOPING MARKETS FUND      
AVANTIS US EQUITY ETF      
AVANTIS US EQUITY ETF      
MANNING & NAPIER UNCONSTRAINED BOND SERIES      
AVANTIS US SMALL CAP VALUE      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,840   3,617 223
b 3,480   5,139 -1,659
c 8,755   8,850 -95
d 18,397   21,815 -3,418
e 2,391   3,520 -1,129
13,072   20,566 -7,494
2,733   8,054 -5,321
30,724   25,477 5,247
2,764   3,472 -708
31,813   30,321 1,492
21,604   21,869 -265
8,746   10,767 -2,021
8,495   14,160 -5,665
5,824   17,576 -11,752
23,146   19,883 3,263
11,914   13,979 -2,065
6,210   7,551 -1,341
19,323   24,571 -5,248
15,344   13,982 1,362
16,637   13,851 2,786
30,309   40,421 -10,112
20,006   21,864 -1,858
20,894   20,480 414
12,028   19,896 -7,868
8,177   9,871 -1,694
19,313   23,256 -3,943
24,253   20,802 3,451
24,603   24,501 102
14,309   17,542 -3,233
2,629   4,665 -2,036
27,484   25,118 2,366
6,838   5,409 1,429
17,634   24,318 -6,684
22,978   21,165 1,813
5,333   6,094 -761
15,396   14,945 451
9,404   7,049 2,355
9,101   6,322 2,779
17,914   15,546 2,368
23,886   24,673 -787
10,776   8,656 2,120
29,518   27,659 1,859
9,846   9,623 223
5,667   6,191 -524
13,996   14,043 -47
7,437   6,162 1,275
13,715   12,766 949
22,496   20,760 1,736
20,476   18,705 1,771
3,618   3,571 47
15,000   15,252 -252
7,193   7,113 80
8,080   7,922 158
5,812   8,364 -2,552
15,000   14,932 68
2,822   3,488 -666
5,672   6,975 -1,303
5,000   5,289 -289
11,000   10,755 245
15,000   15,245 -245
13,000   13,423 -423
15,192   14,788 404
8,000   8,028 -28
8,000   7,998 2
15,000   15,552 -552
10,000   9,996 4
11,000   10,667 333
11,000   10,953 47
12,030   15,974 -3,944
652,705   692,560 -39,855
164,100   204,263 -40,163
525,671   453,918 71,753
345,510   325,071 20,439
417,200   439,377 -22,177
111,306   109,028 2,278
122,900   128,795 -5,895
23,713   18,574 5,139
48,638   37,942 10,696
277,887   279,757 -1,870
122,421   121,703 718
466,465   523,834 -57,369
369,760   520,971 -151,211
27,862   27,318 544
24,560   23,516 1,044
42,700   45,269 -2,569
33,603   26,999 6,604
51,462     51,462
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       223
b       -1,659
c       -95
d       -3,418
e       -1,129
      -7,494
      -5,321
      5,247
      -708
      1,492
      -265
      -2,021
      -5,665
      -11,752
      3,263
      -2,065
      -1,341
      -5,248
      1,362
      2,786
      -10,112
      -1,858
      414
      -7,868
      -1,694
      -3,943
      3,451
      102
      -3,233
      -2,036
      2,366
      1,429
      -6,684
      1,813
      -761
      451
      2,355
      2,779
      2,368
      -787
      2,120
      1,859
      223
      -524
      -47
      1,275
      949
      1,736
      1,771
      47
      -252
      80
      158
      -2,552
      68
      -666
      -1,303
      -289
      245
      -245
      -423
      404
      -28
      2
      -552
      4
      333
      47
      -3,944
      -39,855
      -40,163
      71,753
      20,439
      -22,177
      2,278
      -5,895
      5,139
      10,696
      -1,870
      718
      -57,369
      -151,211
      544
      1,044
      -2,569
      6,604
      51,462
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -205,192
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,066
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,066
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,066
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,282
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,282
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 9,216
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow9,216 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowC ELIS OLSSON Telephone no.right arrow (804) 366-2112

Located atright arrow4170 TANAGER CTWEST POINTVA ZIP+4right arrow231810151
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
C ELIS OLSSON PRESIDENT & CHAIRMAN
0.00 		0 0 0
4170 TANAGER COURT
WEST POINT,VA23181
SHIRLEY C OLSSON VICE PRESIDENT & DIRECTOR
0.00 		0 0 0
BOX 300 ROMANCOKE FARM
WEST POINT,VA23181
LISA O EVERETT SECRETARY/TREASURER & DIRECTOR
3.00 		0 0 0
321 STURGEON DRIVE
NAGS HEAD,NC27959
ANNE O LOEBS DIRECTOR
3.00 		0 0 0
2212 CROYDON ROAD
CHARLOTTESVILLE,VA22901
INGA O ROGERS DIRECTOR
3.00 		0 0 0
4605 SUNSET DRIVE
VERO BEACH,FL32963
THELMA L DOWNEY EXECUTIVE DIRECTOR
30.00 		0 0 0
2535 OAK LANE
WEST POINT,VA23181
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
10,169,141
b
Average of monthly cash balances.......................
1b
404,871
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
10,574,012
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,574,012
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
158,610
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,415,402
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
520,770
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
520,770
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,066
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,066
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
518,704
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
518,704
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
518,704
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
400,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
400,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 518,704
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 3,398,277
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 3,398,277
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 400,000
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 400,000
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 118,704 118,704
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,279,573
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,279,573
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 3,279,573
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ELIS OLSSON MEMORIAL FOUNDATION
PO BOX 151
WEST POINT,VA23181
(804) 843-9066
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE IN WRITTEN FORM AND APPLICANTS SHOULD BE QUALIFIIED EXEMPT CHARITABLE ORGANIZATIONS.
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED THROUGHOUT THE YEAR. THE APPLICANT'S EXEMPT STATUS MUST BE CURRENT.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE LIMITED TO 501(C)(3) EXEMPT ORGANIZATIONS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALZHEIMERS ASSOCIATION - GREATER RICHMOND CHAPTER

4600 COX RD SUITE 130
RICHMOND,VA23060 		NONE 501(C)(3) GENERAL PURPOSE 1,000

ANGELS OF MERCY MEDICAL CLINIC

7151 RICHMOND ROAD STE 401
WILLIAMSBURG,VA23188 		NONE 501(C)(3) GENERAL PURPOSE 5,000

ARTS ALIVE INC

P O BOX 152
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 20,000

BAY AGING

P O BOX 610
URBANNA,VA23175 		NONE 501(C)(3) GENERAL PURPOSE 15,000

BEACH FOOD PANTRY INC

P O BOX 1224
KILL DEVIL HILLS,NC27948 		NONE 501(C)(3) GENERAL PURPOSE 5,000

BOYKIN SPANIEL FOUNDATION

P O BOX 2047
CAMDEN,SC29020 		NONE 501(C)(3) GENERAL PURPOSE 5,000

BOYKIN SPANIEL RESCUE INC

112 HUNTER RIDGE DRIVE
BOILING SPRINGS,SC29316 		NONE 501(C)(3) GENERAL PURPOSE 1,000

BRAILLE CIRCULATING LIBRARY FOR THE BLIND

2700 STUART AVENUE
RICHMOND,VA23220 		NONE 501(C)(3) GENERAL PURPOSE 1,000

BRIDGES OF CHANGE

PO BOX
NEW KENT,VA23124 		NONE 501(C)(3) GENERAL PURPOSE 4,500

CENTRAL KING & QUEEN VOLUNTEER FIRE DEPT

KING QUEEN COURTHOUSE
KING QUEEN,VA23085 		NONE 501(C)(3) GENERAL PURPOSE 2,000

CHILDRENS HOSPITAL FOUNDATION

2924 BROOK ROAD
RICHMOND,VA232201298 		NONE 501(C)(3) GENERAL PURPOSE 5,000

CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS

601 CHILDRENS LANE
NORFOLK,VA23507 		NONE 501(C)(3) GENERAL PURPOSE 5,000

CIRCLES RVA

PO BOX 25327
RICHMOND,VA23260 		NONE 501(C)(3) GENERAL PURPOSE 2,500

COMMUNITY CARE CLINIC OF DARE

2 JUNIPER TRAIL
KITTY HAWK,NC27949 		NONE 501(C)(3) GENERAL PURPOSE 5,000

CURE ALZHEIMERS FUND

34 WASHINGTON ST SUITE 200
WELLESLEY HILLS,MA02481 		NONE 501(C)(3) GENERAL PURPOSE 15,000

DOCTORS WITHOUT BORDERS

333 7TH AVE 2ND FLOOR
NEW YORK,NY10001 		NONE 501(C)(3) GAZA 5,000

FEEDMORE

1415 RHOADMILLER ST
RICHMOND,VA23220 		NONE 501(C)(3) GENERAL PURPOSE 5,000

FOUNDATION FOR HISTORIC CHRIST CHURCH INC

P O BOX 24
IRVINGTON,VA224800024 		NONE 501(C)(3) GENERAL PURPOSE 1,000

FRIENDS OF PITT COUNTY ANIMAL SHELTER

2850 E FIRE TOWER RD
GREENVILLE,NC27858 		NONE 501(C)(3) GENERAL PURPOSE 5,000

GLOUCESTER-MATHEWS CARE CLINIC

2276 GEORGE WASHINTON MEMORIAL HWY
HAYES,VA23072 		NONE 501(C)(3) GENERAL PURPOSE 5,000

GREATER WEST POINT FAMILY YMCA

P O BOX 1526
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 13,000

HANDS ACROSS MATHEWS

P O BOX 1303
MATHEWS,VA23109 		NONE 501(C)(3) GENERAL PURPOSE 5,000

HISTORICAL SOCIETY OF WEST POINT

P O BOX 1556
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 1,000

INDIAN RIVERS HUMANE SOCIETY

P O BOX 264
AYLETT,VA23009 		NONE 501(C)(3) GENERAL PURPOSE 1,000

INTERNATIONAL GAME FISH ASSOCIATION

300 GULF STREAM WAY
DANIA BEACH,FL33004 		NONE 501(C)(3) GENERAL PURPOSE 2,000

INTERNATIONAL RESCUE COMMITTEE INC

PO BOX 6068
ALBERT LEA,MN56007 		NONE 501(C)(3) CRISIS IN UKRAINE 10,000

JACOB'S LADDER INC

PO BOX 555
URBANNA,VA23175 		NONE 501(C)(3) GENERAL PURPOSE 7,000

LOWER KING & QUEEN FIRE-EMS INC

C/O HCR-2 BOX 1113
SHACLKEFORDS,VA23156 		NONE 501(C)(3) GENERAL PURPOSE 2,000

MELVIN ROSSON VETERANS OF FOREIGN WARS POST 8356

P O BOX P
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 13,000

MERCY MEDICAL ANGELS

4620 HAYGOOD RD SUITE 1
VIRGINIA BEACH,VA23455 		NONE 501(C)(3) GENERAL PURPOSE 5,000

MIDDLESEX COUNTY VOLUNTEER RESCUE SQUAD

BOX 98
DELTAVILLE,VA23043 		NONE 501(C)(3) GENERAL PURPOSE 1,000

NORTHERN NECK-MIDDLESEX FREE HEALTH CLINIC

PO BOX 1694
KILMARNOCK,VA22482 		NONE 501(C)(3) GENERAL PURPOSE 10,000

OPERATION SHOESTRING

P O BOX 11223
JACKSON,MS392831223 		NONE 501(C)(3) GENERAL PURPOSE 2,500

OUR LADY OF THE BLESSED SACRAMENT PRESCHOOL

207 WEST EUCLID BLVD
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 5,000

OUTER BANKS SPCA

P O BOX 2477
MANEO,NC27954 		NONE 501(C)(3) GENERAL PURPOSE 5,000

PROCLAIMING GRACE OUTREACH

18457 NEW KENT HWY
BARHAMSVILLE,VA23011 		NONE 501(C)(3) GENERAL PURPOSE 5,000

RAPPAHANNOCK COMMUNITY COLLEGE - NURSING PROGRAM

52 CAMPUS DRIVE
WARSAW,VA22572 		NONE 501(C)(3) GENERAL PURPOSE 5,000

REMOTE AREA MEDICAL

2200 STOCK CREEK BLVD
ROCKFORD,TN37853 		NONE 501(C)(3) GENERAL PURPOSE 5,000

SCIENCE MUSEUM OF VIRGINIA FOUNDATION

P O BOX 11624
RICHMOND,VA232300624 		NONE 501(C)(3) GENERAL PURPOSE 5,000

SPAY TODAY INC

4550-B COUNTY HOME RD
GREENVILLE,NC27858 		NONE 501(C)(3) GENERAL PURPOSE 5,000

ST ANDREWS SCHOOL

227 S CHERRY STREET
RICHMOND,VA23220 		NONE 501(C)(3) GENERAL PURPOSE 10,000

THE BILLFISH FOUNDATION

5100 N FEDERAL HWY SUITE 200
FT LAUDERDALE,FL33308 		NONE 501(C)(3) GENERAL PURPOSE 2,000

THE COMMUNITY FOUNDATION

PO BOX 76495
BALTIMORE,MD21275 		NONE 501(C)(3) MARK SMITH NEALE II MEMORIAL SCHOLARSHIP FUND 1,000

THE CORNERSTONE COMMUNITY DEVELOPMENT CENTER

PO BOX 68
AYLETT,VA23009 		NONE 501(C)(3) GENERAL PURPOSE 5,000

THE DOORWAYS

612 E MARSHALL STREET
RICHMOND,VA23219 		NONE 501(C)(3) GENERAL PURPOSE 5,000

THE MENOKIN FOUNDATION

P O BOX 1221
WARSAW,VA22572 		NONE 501(C)(3) GENERAL PURPOSE 5,000

THE NATIONAL MULTIPLE SCLEROSIS SOCIETY

PO BOX 452
ARK,VA23003 		NONE 501(C)(3) GENERAL PURPOSE 15,000

THRIVE VIRGINIA

7911 COURTHOUSE CIR
NEW KENT,VA23124 		NONE 501(C)(3) GENERAL PURPOSE 15,000

VERSABILITY RESOURCES

2520 58TH STREET
HAMPTON,VA23661 		NONE 501(C)(3) GENERAL PURPOSE 3,000

VICTORY JUNCTION GANG INC

4500 ADAMS WAY
RANDLEMAN,NC27317 		NONE 501(C)(3) GENERAL PURPOSE 5,000

VIRGINIA COMMONWEALTH UNIVERSITY - MASSEY CANCER CENTER

2520 58TH STREET
HAMPTON,VA23661 		NONE 501(C)(3) GENERAL PURPOSE 5,000

VIRGINIA FORESTRY EDUCATIONAL FOUNDATION

3808 AUGUSTA AVENUE
RICHMOND,VA23230 		NONE 501(C)(3) GENERAL PURPOSE 2,000

VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION

1370 GREATE ROAD
GLOUCESTER POINT,VA23062 		NONE 501(C)(3) GENERAL PURPOSE 5,000

VIRGINIA UNION UNIVERSITY

1500 NORTH LOMBARDY STREET
RICHMOND,VA23220 		NONE GOV GENERAL PURPOSE 5,000

WALKERTON COMMUNITY FIRE ASSOCIATION

P O BOX 85
WALKERTON,VA23177 		NONE 501(C)(3) GENERAL PURPOSE 7,500

WEST POINT MINISTERS ASSOCIATION

P O BOX 1139
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 5,000

WEST POINT PUBLIC SCHOOLS

PO BOX T
WEST POINT,VA23181 		NONE 501(C)(3) VARIOUS 6,310

WEST POINT PUBLIC SCHOOLS

PO BOX T
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 5,000

WEST POINT SCHOOLS COMBINED PTO

1060 THOMPSON AVE
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 3,000

WEST POINT VOLUNTER FIRE DEPT & RESCUE SQUAD

P O BOX X
WEST POINT,VA23181 		NONE 501(C)(3) GENERAL PURPOSE 15,000

WINGS OF HOPE INC

18370 WINGS OF HOPE BLVD
ST LOUIS,MO63005 		NONE 501(C)(3) GENERAL PURPOSE 1,000

THE INTERNATIONAL WOMEN'S FISHING ASSOCIATION

PO BOC 31507
PALM BEACH GARDENS,FL33420 		NONE 501(C)(3) GENERAL PURPOSE 15,000

ST MARGARETS SCHOOL

444 S WATER LANE
TAPPAHANNOCK,VA22560 		NONE 501(C)(3) 100 YR IN HONOR OF STURE & SHIRLEY OLSSON 10,000

COMMUNITY FOUNDATION OF WASHINGTON COUNTY

37 S POTOMAC ST
HAGERSTOWN,MD21740 		NONE 501(C)(3) TORNADO VICTIMS 5,000

AMERICAN RED CROSS

4155 DIAMOND HEAD ROAD
HONOLULU,HI96816 		NONE 501(C)(3) HAWAII RED CROSS FIRE RELIEF 5,000

INTERNATIONAL MEDICAL CORPS

2000 M ST NW 600
WASHINGTON,DC20036 		NONE 501(C)(3) MOROCCO RELIEF EFFORTS 5,000

PROVIDENCE FORGE VOLUNTEER FIRE DEPARTMENT

4315 N COURTHOUSE ROAD
PROVIDENCE FORGE,VA23140 		NONE 501(C)(3) GENERAL PURPOSE 1,000

JEWISH AGENCY FOR ISRAEL - US

633 THIRD AVENUE 21ST FLOOR
NEW YORK,NY10017 		NONE 501(C)(3) GENERAL PURPOSE 5,000

JAMESTOWN YORKTOWN FOUNDATION

2110 JAMESTOWN ROAD
WILLIAMSBURG,VA23185 		NONE 501(C)(3) GENERAL PURPOSE 1,000

MARINERS MUSEUM AND PARK

100 MUSEUM DRIVE
NEWPORT NEWS,VA23606 		NONE 501(C)(3) GENERAL PURPOSE 1,000

PARTNERS IN HEALTH

800 BOYLSONT STREET
BOSTON,MA02199 		NONE 501(C)(3) GENERAL PURPOSE 595

VIRGINIA LIVING MUSEUM

524 J CLYDE MORRIS BLVD
NEWPORT NEWS,VA23601 		NONE 501(C)(3) GENERAL PURPOSE 2,548

VIRGINIA AIR & SPACE SCIENCE CENTER

600 SETTLERS LANDING ROAD
HAMPTON,VA23669 		NONE 501(C)(3) GENERAL PURPOSE 2,547
Total .................................right arrow 3a 400,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 266,856  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -205,192  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 61,664 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
61,664
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 2,985 0   0

TY 2023 InvestmentsCorpBondsSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS & FIXED INCOME 2,927,107 2,893,784

TY 2023 InvestmentsCorpStockSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY SECURITIES 6,693,305 7,465,003

TY 2023 OtherIncreasesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Description Amount
BOOK TAX DIFFERENCE IN BASIS OF ASSETS 15,097


TY 2023 OtherProfessionalFeesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WEALTH MANAGEMENT FEES 112,321 112,321   0


TY 2023 TaxesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 5,886 5,886   0