Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06
- Assets
- $2.0m
- Revenue
- $84.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Bordentown, NJ
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-6409783
Organization Overview
Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 is located in Bordentown, NJ. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 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, Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 generated $84.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $114.5k during the year ending 12/2022. While expenses have increased by 11.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
IN ACCORDANCE WITH ITS CHARTERED PURPOSE THE FOUNDATION WILL AWARD CLARK UNIVERSITY, A QUALIFIED US 501(C)(3) EDUCATION ORGANIZATION, FUNDS TO SUPPORT A SCHOLARSHIP CANDIDATE FOR ONE YEAR'S QUALIFIED EDUCATION EXPENSES.
SPONSORSHIP OF ROTC SCHOLARSHIPS AWARDED BY THE ARMED FORCES HERITAGE HOUSE, INC., A QUALIFIED US 501(C)(3) ORGANIZATION.
SPONSORSHIP OF ROWEN UNIVERSITY (NJ) SCHOLARSHIP CANDIDATE FOR QUALIFIED EDUCATION EXXPENSES ALL INVESTMENT ACTIVITY IS DIRECTED TOWARD SUSTAINING THE FUND'S SCHOLARSHIP PURPOSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $51,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,032 |
| Capital Gain Net Income | $32,032 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,230 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,018 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $82,500 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $114,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,996,930 |
| 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, Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 has awarded $32,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: SCHOLARSHIP | $20,000 |
EMILY ADAMS PURPOSE: SCHOLARSHIP | $8,000 |
ARMED FORCES HERITAGE HOUSE INC PURPOSE: ROTC SCHOLARSHIPS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |