J D Nelson And Debra Nelson Charitable Foundation
- Assets
- $8.1m
- Revenue
- $607.3k
- Investments
- $7.4m
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3928548
Organization Overview
J D Nelson And Debra Nelson Charitable Foundation is located in Clear Lake, IA. 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. J D Nelson And Debra 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, J D Nelson And Debra Nelson Charitable Foundation generated $607.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $427.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, J D Nelson And Debra Nelson Charitable Foundation has awarded 68 individual grants totaling $504,900. 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 |
|---|---|---|---|
Andrew Nelson President | 0 | $0 | |
Bruce Ouverson Secretary | 0 | $13,200 | |
Jerry Davis Treasurer | 0 | $6,000 | |
Sara Briggs Trustee | 0 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $519,959 |
| Interest on Savings | $13,530 |
| Dividends & Interest | $62,316 |
| Net Rental Income | -$3,200 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $99,166 |
| Net ST Capital Gain | $28,864 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,080 |
| Total Revenue | $607,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,729 |
| Total operating and administrative expenses | $47,702 |
| Contributions, gifts, grants paid | $379,900 |
| Total expenses and disbursements | $427,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,460 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,370,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,081,240 |
| 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, J D Nelson And Debra Nelson Charitable Foundation has awarded $379,900 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
HAWKEYE HARVEST FOOD BANK PURPOSE: GENERAL SUPPORT | $2,500 |
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $10,500 |
CLEAR LAKE CLASSICAL PURPOSE: BUILDING FUND | $50,000 |
YOUTH FOR CHRIST PURPOSE: GENERAL SUPPORT | $20,000 |
OPEN BIBLE CHURCH PURPOSE: SOUND BOARD | $5,000 |
YOUTH HORIZONS PURPOSE: MENTORING PROGRAM | $10,000 |