Nulsen Family Foundation Inc
- Assets
- $0.0
- Revenue
- $527.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0448228
Organization Overview
Nulsen Family Foundation Inc is located in Bethesda, MD. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nulsen Family Foundation Inc 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 12/2021, Nulsen Family Foundation Inc generated $527.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $545.2k during the year ending 12/2021. While expenses have increased by 24.6% per year over the past 7 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.
Since 2014, Nulsen Family Foundation Inc has awarded 129 individual grants totaling $2,734,773. 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 |
|---|---|---|---|
Charles K Nulsen III Director, Pres & Treasurer | 1 | $0 | |
Joann K Nulsen Director, V Pres & Secy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $284 |
| Dividends & Interest | $45,837 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,254 |
| Total Revenue | $527,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $8,673 |
| Contributions, gifts, grants paid | $536,500 |
| Total expenses and disbursements | $545,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $912,679 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nulsen Family Foundation Inc has awarded $457,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BABSON COLLEGE PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE | $400,000 |
MANNA INC PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE | $2,500 |
SPRINGFIELD HISTORICAL SOCIETY PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE | $1,000 |
THE LOOMIS CHAFFEE SCHOOL PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE | $2,500 |
CHILDREN'S NATIONAL HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE | $17,500 |
WPC MANAGEMENT LLC PURPOSE: DEREK HENDON ALZHEIMER'S RIDE | $250 |