A Verner Nelson And H Elizabeth Nelson Charitable Foundation
- Assets
- $2.1m
- Revenue
- $360.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 83-0521492
Organization Overview
A Verner Nelson And H Elizabeth Nelson Charitable Foundation is located in Grand Rapids, MI. The organization was established in 2018. 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. A Verner Nelson And H Elizabeth Nelson Charitable 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, A Verner Nelson And H Elizabeth Nelson Charitable Foundation generated $360.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $111.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, A Verner Nelson And H Elizabeth Nelson Charitable Foundation has awarded 26 individual grants totaling $367,943. 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 |
|---|---|---|---|
Margaret A Tjapkes President, Director | 1 | $0 | |
Charles O Morgan Jr Director | 1 | $0 | |
A Verner Nelson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,904 |
| Capital Gain Net Income | $39,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $359,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,472 |
| Contributions, gifts, grants paid | $92,700 |
| Total expenses and disbursements | $111,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167 |
| Savings and temporary cash investments | $406,047 |
| 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 | $2,135,642 |
| 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, A Verner Nelson And H Elizabeth Nelson Charitable Foundation has awarded $92,700 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE UNITED REFORMED CHURCH PURPOSE: SUPPORT OF CHURCH | $14,100 |
THIRST RELIEF INTERNATIONAL INC PURPOSE: SUPPORT OF CHARITY | $6,200 |
COMMUNITY NET VISION PURPOSE: SUPPORT OF CHARITY | $12,000 |
LEADERSHIP INSTITUTE PURPOSE: SUPPORT OF CHARITY | $25,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: SUPPORT OF CHARITY | $6,000 |
SAMARATIAN'S PURSE INTERNATIONAL RELIEF PURPOSE: SUPPORT OF CHARITY | $5,000 |