Nec Foundation Of Americas
- Assets
- $11.2m
- Revenue
- -$110.3k
- Investments
- $10.6m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 12/1991
- Data as of
- 03/2023
- EIN
- 11-3059554
Organization Overview
Nec Foundation Of Americas is located in Irving, TX. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nec Foundation Of Americas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Nec Foundation Of Americas has awarded 89 individual grants totaling $6,690,077. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS APPROVED TO 6 CHARITABLE EDUCATIONAL OR RESEARCH ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deon Retemeyer Secretary | 0 | $0 | |
Masahiro Ikeno President Dir | 0 | $0 | |
John Dow Treasurer | 0 | $0 | |
Ken Wilson Vice President | 0 | $0 | |
Masahiro Okabe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $222,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$455,996 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,806 |
| Total Revenue | -$110,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,968 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,705 |
| Total operating and administrative expenses | $67,873 |
| Contributions, gifts, grants paid | $655,000 |
| Total expenses and disbursements | $722,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $501,399 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,953 |
| Total assets | $11,151,548 |
| Accounts payable and accrued expenses | $23,159 |
| Grants payable | $550,000 |
| 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 | $573,159 |
Grants Awarded
Over the last fiscal year, Nec Foundation Of Americas has awarded $1,041,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG WOMENS NETWORK PURPOSE: EDUCATIONAL | $80,000 |
CATCH UP AND READ PURPOSE: EDUCATIONAL | $121,000 |
FC DALLAS FOUNDATION PURPOSE: CHARITY | $150,000 |
OPERATION FINALLY HOME PURPOSE: CHARITY | $110,000 |
PROMISE HOUSE PURPOSE: CHARITY | $30,000 |
YOUNG WOMENS NETWORK PURPOSE: EDUCATIONAAL | $98,000 |