Neal Martin Christensen Foundation
- Assets
- $4.7m
- Revenue
- $152.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- Butler, PA
- Founding
- 07/2014
- Data as of
- 10/2023
- EIN
- 46-1569569
Organization Overview
Neal Martin Christensen Foundation is located in Butler, PA. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neal Martin Christensen 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 10/2023, Neal Martin Christensen Foundation generated $152.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $286.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Neal Martin Christensen Foundation has awarded 73 individual grants totaling $1,453,750. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE PROVIDED TO SIXTEEN CHARITIES AND ORGANIZATIONS. SEE SCHEDULE ATTACHED.
SEE STATEMENT FOR LINE 2A
SEE STATEMENT FOR LINE 2A
SEE STATEMENT FOR LINE 2A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal M Christensen President | 1 | $0 | |
Benjamin M Burtner Vice President | 0 | $0 | |
Stefanie L Christensen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,375 |
| Dividends & Interest | $56,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,761 |
| Capital Gain Net Income | $24,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,565 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,543 |
| Contributions, gifts, grants paid | $259,288 |
| Total expenses and disbursements | $286,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $490,720 |
| 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 | $2,675,800 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,700,718 |
| Accounts payable and accrued expenses | $8,565 |
| 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 | $8,565 |
Grants Awarded
Over the last fiscal year, Neal Martin Christensen Foundation has awarded $259,288 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER AREA PUBLIC LIBRARY PURPOSE: PUBLIC CHARITY - EDUCATION | $5,000 |
BUTLER COUNTY SYMPHOY PURPOSE: EDUCATIONAL OUTREACH | $20,000 |
EVOLVE COACHING PURPOSE: GENERAL PURPOSE - EDUCATION | $45,000 |
GREATER PITTSBURGH COMMUNITY FOOD BANK PURPOSE: GENERAL PURPOSE | $20,000 |
JEAN B PURVIS COMMUNITY HEALTH CENTER PURPOSE: GENERAL MEDICAL AND DENTAL LOW INCOME NEEDS | $35,035 |
ROBIN'S HOME PURPOSE: GENERAL PURPOSE | $10,000 |