Nason Foundation

Organization Overview

Nason Foundation is located in Altoona, PA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nason Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Nason Foundation generated $418.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $149.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Nason Foundation has awarded 25 individual grants totaling $282,197. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT & PROMOTE THE HEALTH AND VITALITY OF OUR LOCAL COMMUNITY THROUGH FINANCIAL SUPPORT AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS, GRANTS AND SCHOLARSHIPS RELATED TO HEALTH SERVICES MADE TO COMMUNITY ORGANIZATIONS AND INDIVIDUALS IN THE HEALTH FIELD. GRANTS INCLUDE FUNDS DISTRIBUTED TO SUPPORT COMMUNITY FIRE COMPANIES, EMS AGENCIES, CARE CENTERS FOR THE ELDERLY, CHURCHES AND SCHOOLS, YMCA'S, COMMUNITY PARKS, COMMUNITY LIBRARIES, HEART ASSOCIATIONS, AND SCHOOL ORGANIZATIONS AND SCHOLARSHIPS INCLUDE NURSING SCHOLARSHIPS TO COMMUNITY MEMBERS BEING EDUCATED IN THE HEALTH FIELD.


COMMUNITY SERVICE AWARDS.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas E Mingle
Vice Chairman
$0
Raymond C Askey
Treasurer
$0
Patty Mcgraw
Chairperson
$0
Betsy Harmon-Garach
Secretary
$0
D Stephen Martz
Director
$0
Earl Springer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$80,857
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$80,857
Total Program Service Revenue$0
Investment income $92,194
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $418,106

Grants Awarded

Over the last fiscal year, Nason Foundation has awarded $44,880 in support to 3 organizations.

Grant RecipientAmount

LIBERTY TOWNSHIP SUPERVISORS

PURPOSE: FUNDING OF PLAYGROUND NEEDED FOR ORGANIZATION'S MISSION OF PROMOTING A HEALTY LIFESTYLE.

$25,000

GARVER MEMORIAL YMCA

Org PageRecipient Profile

Roaring Spring, PA

PURPOSE: FUNDING FOR THE PURCHASE OF EXCERCISE EQUIPMENT.

$10,000

SOUTHERN ALLEGHENIES EMS COUNCIL

Org PageRecipient Profile

Altoona, PA

PURPOSE: FUNDS ARE USED TO PURCHASE PULSE OXIMETERS.

$9,880
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Nason Foundation has recieved totaling $26,812.

Awarding OrganizationAmount
Hite Memorial Fund

Buffalo, NY

PURPOSE: GENERAL

$26,812
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,995,786
Earnings-$333,733
Ending Balance$1,662,053

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