The Nessel Family Foundation Inc
- Assets
- $4.5m
- Revenue
- $285.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 06-1596433
Organization Overview
The Nessel Family Foundation Inc is located in Norwalk, CT. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nessel Family Foundation Inc 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 12/2022, Nessel Family Foundation Inc generated $285.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $374.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nessel Family Foundation Inc has awarded 182 individual grants totaling $2,218,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Nessel President | 0.5 | $0 | |
Judy Nessel Director | 0.5 | $0 | |
David L Godfrey Secretary | 0.5 | $0 | |
Paul Nessel Director | 0.5 | $0 | |
Anna Nessel Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,712 |
| Dividends & Interest | $147,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,982 |
| Capital Gain Net Income | $135,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,824 |
| Contributions, gifts, grants paid | $337,500 |
| Total expenses and disbursements | $374,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,674 |
| Savings and temporary cash investments | $115,103 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,511,807 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Nessel Family Foundation Inc has awarded $337,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ASPETUCK LAND TRUST PURPOSE: GREEN CORRIDOR INITIATIVE | $2,500 |
BRIDGEPORT HOSPITAL FOUNDATION PURPOSE: GENERAL | $35,000 |
APPLIED BEHAVIORIAL REHABILITATION INSTITUTE DBA HOME FOR THE BRAVE PURPOSE: GENERAL | $10,000 |
BRIDGEPORT LADIES CHARITABLE SOCIETY PURPOSE: GENERAL | $5,000 |
BRIDGEPORT RESCUE MISSION PURPOSE: GENERAL | $15,000 |
CENTER FOR FAMILY JUSTICE PURPOSE: 1) ANNUAL APPEAL: HOPE STARTS HERE 2) EMPOWER HOUSE PROJECT | $45,000 |