Bill Nelson Memorial Foundation
- Assets
- $13.3k
- Revenue
- $41.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- Data as of
- 12/2023
- EIN
- 86-1748801
Organization Overview
Bill Nelson Memorial Foundation is located in Wilmette, IL. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bill Nelson Memorial 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, Bill Nelson Memorial Foundation generated $41.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $51.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS STATED IN OUR MISSION ALL OF OUR ACTIVITIES INVOLVE TAKING UNDERSERVED KIDS TO SPORTING EVENTS. WE PROVIDED TICKETS FOOD VOUCHERS HATS AND TRANSPORTATION TO 1 CHICAGO CUBS GAME 2 NORTHWESTERN U BASKETBALL GAMES AND 2 NORTHWESTERN FOOTBALL GAMES PROVIDING A "DAY OF JOY" FOR OVER 650 KIDS. OTHER THAN ABOUT $11,000. SPENT ON A FUNDRAISER WHICH NETTED ABOUT $16,000 OUR EXPENSES FOR POSTAGE ACCOUNTING AND PROCESSING FEES WERE UNDER $1500 IN TOTAL AND THE REST WAS SPENT ON THE KIDS AS DESCRIBED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Porte President | 6 | $0 | |
Tom Nigut Vice President | 6 | $0 | |
Howard Rose Secretary | 0.25 | $0 | |
Tim Nelson Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,785 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,649 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,060 |
| Total operating and administrative expenses | $51,704 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $51,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,770 |
| Savings and temporary cash investments | $0 |
| 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 | $1,573 |
| 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 | $13,343 |
| 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 |