Alex W Nielsen Foundation Nfp
- Assets
- $30.9k
- Revenue
- $51.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-3799473
Organization Overview
Alex W Nielsen Foundation Nfp is located in Naperville, IL. The organization was established in 2011. 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. Alex W Nielsen Foundation Nfp 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, Alex W Nielsen Foundation Nfp generated $51.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $108.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 4 years. 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 |
|---|---|---|---|
George A Kestler Director | 15 | $45,000 | |
Judith A Kestler Director | 15 | $45,000 | |
Seymour Bloom Director | 1 | $0 | |
Kathryn E Korn Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,765 |
| Capital Gain Net Income | $49,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,212 |
| Total operating and administrative expenses | $106,563 |
| Contributions, gifts, grants paid | $2,295 |
| Total expenses and disbursements | $108,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,539 |
| Savings and temporary cash investments | $26,345 |
| 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 | $30,884 |
| 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, Alex W Nielsen Foundation Nfp has awarded $2,295 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: PROGRAM SUPPORT | $200 |
NAPERVILLE HERITAGE SOCIETY PURPOSE: PROGRAM SUPPORT | $145 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: PROGRAM SUPPORT | $200 |
THE AMUMNI ASSOCIATION OF THE CITY COLLEGE OF NEW YORK PURPOSE: PROGRAM SUPPORT | $100 |
THE YOUNGSTOWN FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,200 |
GEORGE WASHINGTON'S MOUNT VERNON PURPOSE: PROGRAM SUPPORT | $150 |