Fred D & Virginia L Nelson Endowment Trust
- Assets
- $823.1k
- Revenue
- $88.0k
- Investments
- $801.3k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 75-6467337
Organization Overview
Fred D & Virginia L Nelson Endowment Trust is located in Las Vegas, NV. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Fred D & Virginia L Nelson Endowment Trust 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, Fred D & Virginia L Nelson Endowment Trust generated $88.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $53.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,961 |
| Capital Gain Net Income | $67,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,653 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,621 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $53,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,768 |
| 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 | $823,079 |
| 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, Fred D & Virginia L Nelson Endowment Trust has awarded $37,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAL FARLEYS BOYS RANCH PURPOSE: GENERAL OPERATING | $18,500 |
SOUTH PLAINS COLLEGE PURPOSE: GENERAL OPERATING | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |
Vine Street Archive Foundation Beverly Hills, CA | $42,869,625 | $7,457,505 |
Innovate Public Schools San Jose, CA | $9,500,964 | $7,956,314 |
Wadhwani Charitable Foundation Los Altos, CA | $157,667,028 | $40,374,553 |
Action Council Of Monterey County Inc Salinas, CA | $7,887,434 | $8,600,305 |
Napa Valley Vintners Healthy Community Fund St Helena, CA | $32,705,725 | $410,948 |
The Mickelson Foundation Inc La Quinta, CA | $3,360,146 | $7,165,635 |
Gofundme Org Los Altos, CA | $10,664,900 | $15,280,521 |
Opencollective Foundation Walnut, CA | $4,802,160 | $9,335,614 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |