Marilyn And Glen Nelson Family Foundation
- Assets
- $4.7m
- Revenue
- $2.3m
- Investments
- $3.8m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 41-1876884
Organization Overview
Marilyn And Glen Nelson Family Foundation is located in Minnetonka, MN. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Marilyn And Glen Nelson Family 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 12/2021, Marilyn And Glen Nelson Family Foundation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $572.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marilyn And Glen Nelson Family Foundation has awarded 179 individual grants totaling $4,451,936. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn C Nelson President, CFO & Treasurer | 1 | $0 | |
Diana L Nelson Director | 1 | $0 | |
C David Nelson Secretary | 1 | $0 | |
Wendy M Nelson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,396 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,412 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,152,143 |
| Capital Gain Net Income | $2,152,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,309,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $725 |
| Total operating and administrative expenses | $43,972 |
| Contributions, gifts, grants paid | $528,964 |
| Total expenses and disbursements | $572,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $888,993 |
| 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 | $4,675,984 |
| 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, Marilyn And Glen Nelson Family Foundation has awarded $528,964 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GUARANTY FUND | $100,020 |
SMITH COLLEGE PURPOSE: JILL KER CONWAY CENTER FOR INNOVATION & ENTREPRENEURSHIP | $83,576 |
THE RETREAT PURPOSE: CURTIS CARLSON NELSON RESEARCH INSTITUTE | $49,921 |
HENNEPIN AVENUE UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $36,861 |
St Paul, MN PURPOSE: GLEN D NELSON CENTER | $25,320 |
Minneapolis, MN PURPOSE: SYMPHONY BALL FUND-A-NEED | $25,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Henry J Predolin Foundation Inc Madison, WI | $69,057,848 | $691,560 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Murphy Charitable Family Foundation Ankeny, IA | $6,139,720 | $12,111 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |