Helen M Nelson Charitable Tr
- Assets
- $1.5m
- Revenue
- $72.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 41-6526908
Organization Overview
Helen M Nelson Charitable Tr is located in Mobile, AL. The organization was established in 2005. 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. Helen M Nelson Charitable Tr 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, Helen M Nelson Charitable Tr generated $72.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $91.2k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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 2020, Helen M Nelson Charitable Tr has awarded 36 individual grants totaling $278,682. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,561 |
| Dividends & Interest | $67,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $72,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187 |
| Total operating and administrative expenses | $11,253 |
| Contributions, gifts, grants paid | $79,908 |
| Total expenses and disbursements | $91,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,598 |
| Savings and temporary cash investments | $72,120 |
| 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 | $64,360 |
| Investments—mortgage loans | $969,385 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,468,136 |
| 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, Helen M Nelson Charitable Tr has awarded $91,056 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED CHARITABLE USE | $3,995 |
UNITED WAY OF SOUTH WEST ALABAMA PURPOSE: UNRESTRICTED CHARITABLE USE | $3,995 |
9518 PURPOSE: SCHOLARSHIPS FOR THE NEEDY | $15,982 |
EXCHANGE CLUB FAMILY CENTER PURPOSE: PREVENT CHILD ABUSE | $19,977 |
PENELOPE HOUSE PURPOSE: SUPPORT ABUSED SPOUSES & KIDS | $19,977 |
UNITED WAY OF SOUTH WEST ALABAMA PURPOSE: UNRESTRICTED CHARITABLE USE | $557 |