Nesholm Family Foundation
- Assets
- $32.6m
- Revenue
- $12.0m
- Investments
- $29.4m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 94-3055422
Organization Overview
Nesholm Family Foundation is located in Pennington, NJ. The organization was established in 1987. 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. Nesholm Family 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 12/2022, Nesholm Family Foundation generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Nesholm President | 5 | $0 | |
Erika J Nesholm Executive Director | 20 | $0 | |
Kirsten Nesholm Director | 3 | $0 | |
Carol Lewis Vice President | 3 | $0 | |
Laurel Nesholm Director | 3 | $0 | |
Maneesh Batra Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,165,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,852,792 |
| Capital Gain Net Income | $9,852,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,018,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,290 |
| Pension plans, employee benefits | $8,900 |
| Interest | $0 |
| Taxes | $118,641 |
| Depreciation | $0 |
| Occupancy | $61,138 |
| Travel, conferences, and meetings | $13,673 |
| Printing and publications | $4,068 |
| Other expenses | $30,045 |
| Total operating and administrative expenses | $489,932 |
| Contributions, gifts, grants paid | $3,662,636 |
| Total expenses and disbursements | $4,152,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,381 |
| Savings and temporary cash investments | $3,029,426 |
| 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 | $8,974,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,580,464 |
| 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 | $982,571 |
| Total liabilities | $982,571 |