Carl A Nelson Charitable Foundation
- Assets
- $103.7k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, IA
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1713123
Organization Overview
Carl A Nelson Charitable Foundation is located in Burlington, IA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Carl A Nelson Charitable 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 12/2022, Carl A Nelson Charitable Foundation generated $25.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $23.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO OTHER ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSE
TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS PURSUING HIGHER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris M Smith President | 1 | $0 | |
James Maletta Vice President | 1 | $0 | |
Thomas J Jones Secretarytreasurer | 1 | $0 | |
Tim C Seibert Director | 1 | $0 | |
Charlie Carlson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,355 |
| Interest on Savings | $148 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118 |
| Total operating and administrative expenses | $119 |
| Contributions, gifts, grants paid | $23,690 |
| Total expenses and disbursements | $23,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,707 |
| 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 | $0 |
| Total assets | $103,707 |
| 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, Carl A Nelson Charitable Foundation has awarded $23,690 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALCOHOL AND DRUG DEPENDENCY PURPOSE: ASSIST SUBSTANCE ABUSE TREATMENT PREVENTION | $500 |
BRIDGES OUT OF POVERTY PURPOSE: TO FUND FINANCIAL LITERACY | $1,000 |
BURLINGTON AREA HOMELESS SHELTER PURPOSE: ASSIST IN SHELTERING HOMELESS PERSONS | $750 |
ELLIOTT TEST KITCHEN PURPOSE: ASSIST IN EDUCATION | $350 |
BURLINGTON AREA YMCA INC PURPOSE: ASSISTANCE TO OTHERS | $1,300 |
FORT MADISON FAMILY YMCA PURPOSE: ASSIST OTHERS | $500 |