Karl H And Wealtha H Nelson Foundation
- Assets
- $2.4m
- Revenue
- $292.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 36-3879767
Organization Overview
Karl H And Wealtha H Nelson Foundation is located in Omaha, NE. The organization was established in 1993. 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. Karl H And Wealtha H Nelson 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 12/2021, Karl H And Wealtha H Nelson Foundation generated $292.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $352.8k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 6 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 2017, Karl H And Wealtha H Nelson Foundation has awarded 114 individual grants totaling $1,080,375. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Wirth Vice- President | 5 | $1,000 | |
Ren Nelson Trustee | 5 | $1,000 | |
Tammy Partsch Trustee | 5 | $1,000 | |
Catherine Hassebert Trustee | 5 | $1,000 | |
Nicolas H Nelson President | 5 | $1,000 | |
Andrew Grier Treasurer | 5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $85,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,196 |
| Capital Gain Net Income | $206,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $621 |
| Total Revenue | $292,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $791 |
| Depreciation | $0 |
| Occupancy | $1,560 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,742 |
| Total operating and administrative expenses | $93,254 |
| Contributions, gifts, grants paid | $259,500 |
| Total expenses and disbursements | $352,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,939 |
| Savings and temporary cash investments | $224,742 |
| 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 | $1,001,966 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,429,529 |
| 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, Karl H And Wealtha H Nelson Foundation has awarded $259,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NEBRASKA CITY PURPOSE: SPORTS COMPLEX | $100,000 |
CITY OF NEBRASKA CITY PURPOSE: COMPLETE CITY TRAIL | $60,000 |
NEBRASKA CITY VETERAN'S BUILDING PURPOSE: WALLS | $20,000 |
LOURDES CENTRAL CATHOLIC SCHOOL PURPOSE: CAFETERIA CONSTRUCTION | $20,000 |
Nebraska City, NE PURPOSE: RENOVATIONS | $10,000 |
Nebraska City, NE PURPOSE: MUSEUM DIRECTOR | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
Marion And Henry Bloch Family Foundation Kansas City, MO | $681,063,537 | $103,373,855 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |