George W Neilson Foundation 18358
- Assets
- $31.2m
- Revenue
- $436.3k
- Investments
- $29.4m
- Employees
- 0
- Location
- Bemidji, MN
- Founding
- 06/1963
- Data as of
- 12/2022
- EIN
- 41-6022186
Organization Overview
George W Neilson Foundation 18358 is located in Bemidji, MN. The organization was established in 1963. 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. George W Neilson Foundation 18358 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, George W Neilson Foundation 18358 generated $436.3k 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 (23.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, George W Neilson Foundation 18358 has awarded 296 individual grants totaling $27,765,607. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Liapis Trustee | 0.25 | $12,000 | |
Paul Welle Trustee | 0.25 | $12,000 | |
James Naylor Trustee | 0.25 | $12,000 | |
Glen Lindseth Trustee | 0.25 | $12,000 | |
Mark Dickinson Trustee | 0.25 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $612,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$176,666 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $436,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $842 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,101 |
| Total operating and administrative expenses | $221,934 |
| Contributions, gifts, grants paid | $1,587,594 |
| Total expenses and disbursements | $1,809,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,357 |
| Savings and temporary cash investments | $1,808,877 |
| 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 | $31,218,179 |
| 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, George W Neilson Foundation 18358 has awarded $3,847,594 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BEMIDJI STATE UNIVERSITY FOUNDATION PURPOSE: FULL TUITION SCHOLARSHIPS | $40,520 |
BEMIDJI STATE UNIVERSITY FOUNDATION PURPOSE: FUND 14 INTERNSHIPS | $37,500 |
BEMIDJI ISD #31 PURPOSE: A CAPPELLA TRAVEL | $30,000 |
LUTHERAN SOCIAL SERVICES PURPOSE: COMMUNITY MEALS FREEZER | $5,522 |
BEMIDJI CURLING CLUB PURPOSE: REPLACE ICE PLANT & PAINT | $250,000 |
BEMIDJI CAREER ACADEMIES PURPOSE: 2022 COUNSELOR | $60,000 |