Neilan Foundation
- Assets
- $4.1m
- Revenue
- $1.2m
- Investments
- $2.4m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5481398
Organization Overview
Neilan Foundation is located in Pasadena, CA. The organization was established in 2007. 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. Neilan 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, Neilan Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $638.3k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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 2015, Neilan Foundation has awarded 149 individual grants totaling $3,854,010. 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 |
|---|---|---|---|
Michael Whalen President | 1 | $22,000 | |
Gail Gimbel Director | 0.5 | $0 | |
Thomas Gimbel Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,797 |
| Dividends & Interest | $284,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $903,190 |
| Capital Gain Net Income | $903,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $42,951 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,197,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,210 |
| Total operating and administrative expenses | $33,340 |
| Contributions, gifts, grants paid | $605,000 |
| Total expenses and disbursements | $638,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,435 |
| Savings and temporary cash investments | $1,458,143 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,068,936 |
| 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, Neilan Foundation has awarded $605,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HO 'OKAKO' O CORPORATION PURPOSE: TO SUPPORT WAIMEA MIDDLE SCHOOL AND ITS PROGRAMS. | $80,000 |
WAIMEA SCHOOL PARENT TEACHER ORGAN PURPOSE: TO SUPPORT WAIMEA ELEMENTARY SCHOOL AND ITS PROGRAMS | $40,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: TO SUPPORT RESEARCH INTO THE CAUSES OF NEUROLOGICAL DISEASE | $30,000 |
SANTA CLARA UNIVERSITY PURPOSE: TO SUPPORT SANTA CLARA UNIVERSITY SCHOOL OF ENGINEERING, ESPECIALLY FOR STUDENT SCHOLARSHIPS | $10,000 |
SENTINELS OF FREEDOM SCHOLARSHIP FD PURPOSE: TO SUPPORT THE FOUNSATION'S MISSION TO ASSIST SEVERLY WOUNDED, POST-9/11 VETERANS IN THEIR EFFORTS TO BECOME PRODUCTIVE AND SELF-SUFFICIENT MEMBERS OF THEIR COMMUNITIES | $10,000 |
AKAKA FOUNDATION FOR TROPICAL FORES PURPOSE: TO SUPPORT ACTIVITIES IN THE ADVANCEMENT OF THE CONSERVATION OF HAWAII'S NATURAL AND CULTURAL RESOURCES | $10,000 |