Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06
- Assets
- $1.8m
- Revenue
- $57.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bordentown, NJ
- Founding
- 02/2011
- Data as of
- 12/2023
- 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 12/2023, Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 generated $57.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $149.7k during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 9 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.
Since 2017, Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 has awarded 12 individual grants totaling $289,520. 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
IN ACCORDANCE WITH ITS SEMINAL 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 THE ROEBLING HISTORICAL SOCIETY'S GEORGE LENGEL JR SCHOLARSHIP, A QUALIFIED US 501(C)(3) ORGANIZATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $748 |
| Dividends & Interest | $52,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,239 |
| Capital Gain Net Income | $4,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,749 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $149,749 |
| 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 | $1,836,305 |
| 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 $72,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK UNIVERSITY PURPOSE: SCHOLARSHIPS | $50,000 |
ROEBLING HISTORICAL SOCIETY PURPOSE: SCHOLARSHIPS | $10,000 |
ARMED FORCES HERITAGE HOUSE INC PURPOSE: ROTC SCHOLARSHIPS | $12,000 |