Karl H And Wealtha H Nelson Foundation
- Assets
- $2.3m
- Revenue
- $209.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 36-3879767
Organization Overview
Karl H And Wealtha H Nelson Foundation is located in Omaha, NE. The organization was established in 1993. 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. Karl H And Wealtha H Nelson 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 12/2023, Karl H And Wealtha H Nelson Foundation generated $209.8k 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 (3.2%) each year. All expenses for the organization totaled $272.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Karl H And Wealtha H Nelson Foundation has awarded 151 individual grants totaling $1,517,900. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas H Nelson Trustee | 5 | $1,000 | |
Susan Wirth Vice President | 5 | $1,000 | |
George Blazek Secretary | 5 | $1,000 | |
Andrew Grier Treasurer | 5 | $1,000 | |
Sara B Crook Trustee | 5 | $1,000 | |
Jason Mcneely Trustee | 5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $110 |
| Dividends & Interest | $81,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $128,729 |
| Capital Gain Net Income | $128,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $948 |
| Depreciation | $0 |
| Occupancy | $1,170 |
| Travel, conferences, and meetings | $2,912 |
| Printing and publications | $0 |
| Other expenses | $7,540 |
| Total operating and administrative expenses | $67,355 |
| Contributions, gifts, grants paid | $205,325 |
| Total expenses and disbursements | $272,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,279 |
| Savings and temporary cash investments | $365,286 |
| 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 | $966,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,278,507 |
| 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, Karl H And Wealtha H Nelson Foundation has awarded $205,325 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: SCHOLARSHIP FUND | $8,000 |
KREGEL WINDMILL FACTORY MUSEUM PURPOSE: PROGRAMMING | $5,000 |
CITY OF NEBRASKA CITY PURPOSE: MISSOULA | $4,000 |
NEBRASKA CITY MUSEUM ASSOCATION PURPOSE: DIRECTOR | $10,000 |
CITY OF NEBRASKA CITY PURPOSE: TRAIL | $60,000 |
BRYAN FOUNDATION PURPOSE: SCHOLARSHIP | $3,000 |