The Margeret Ellen Nielsen Foundation
- Assets
- $11.3m
- Revenue
- $2.3m
- Investments
- $10.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5266096
Organization Overview
The Margeret Ellen Nielsen Foundation is located in Wilmington, DE. The organization was established in 2016. 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. Margeret Ellen Nielsen 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, Margeret Ellen Nielsen Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $576.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Margeret Ellen Nielsen Foundation has awarded 50 individual grants totaling $1,354,000. 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 |
|---|---|---|---|
Elizabeth Nielsen Dir, Sec, Treas | 1 | $0 | |
Steven Nielsen Pres, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,761,303 |
| Interest on Savings | $73,310 |
| Dividends & Interest | $56,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $362,553 |
| Capital Gain Net Income | $3,423,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,253,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,195 |
| Total operating and administrative expenses | $104,861 |
| Contributions, gifts, grants paid | $471,900 |
| Total expenses and disbursements | $576,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $497,418 |
| Net Accounts receivable | $7,792 |
| 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 | $11,276,839 |
| 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, The Margeret Ellen Nielsen Foundation has awarded $471,900 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF ALABAMA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CHRISTIANS FOR BIBLICAL EQUALITY PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
CHRISTIANS REACHING OUT TO SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
HEIFER INTERNATIONAL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FIRST PRESBYTERIAN CHURCH IN NORTH PALM BEACH INC PURPOSE: MISSION FUND AND GENERAL FUND | $138,000 |
HOUSING PARTNERSHIP INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |