Craig H Neilsen Foundation
- Assets
- $380.4m
- Revenue
- $11.0m
- Investments
- $376.3m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 06-1695275
Organization Overview
Craig H Neilsen Foundation is located in Encino, CA. The organization was established in 2004. 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. Craig H Neilsen 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, Craig H Neilsen Foundation generated $11.0m 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 (26.0%) each year. All expenses for the organization totaled $37.1m during the year ending 12/2022. 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 |
|---|---|---|---|
Robert D Brown Jr Director | 1.75 | $40,000 | |
Ray H Neilsen Trustee | 14 | $110,000 | |
Gordon R Kanofsky Trustee | 20 | $140,000 | |
Daniel Lammertse Director | 1.75 | $30,000 | |
Phillip Popovich Director | 1.75 | $40,000 | |
Taylor Randall Director | 1.75 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bessemer Trust | 12/30/22 | $584,906 |
Skdknickerbocker | 12/30/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,164 |
| Dividends & Interest | $5,189,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,981,652 |
| Capital Gain Net Income | $2,981,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,806,730 |
| Total Revenue | $11,029,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $440,000 |
| Other employee salaries and wages | $2,683,957 |
| Pension plans, employee benefits | $695,918 |
| Interest | $65,718 |
| Taxes | $228,172 |
| Depreciation | $7,765 |
| Occupancy | $153,732 |
| Travel, conferences, and meetings | $89,943 |
| Printing and publications | $66,096 |
| Other expenses | $464,816 |
| Total operating and administrative expenses | $6,183,233 |
| Contributions, gifts, grants paid | $30,966,074 |
| Total expenses and disbursements | $37,149,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,683,907 |
| 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 | $113,039 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $248,476,343 |
| Net Land, buildings, and equipment | $16,433 |
| Other assets | $204,448 |
| Total assets | $380,351,415 |
| Accounts payable and accrued expenses | $623,862 |
| Grants payable | $27,150,477 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,020,043 |
| Total liabilities | $30,794,382 |