Roy And Leona Nelson Foundation
- Assets
- $2.0m
- Revenue
- $143.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 71-0899453
Organization Overview
Roy And Leona Nelson Foundation is located in Seattle, WA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Roy And Leona 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 12/2022, Roy And Leona Nelson Foundation generated $143.8k 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 $240.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roy And Leona Nelson Foundation has awarded 85 individual grants totaling $562,250. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR STUDENTS RESIDING IN EASTERN WASHINGTON AND NORTHERN IDAHO. THE FOUNDATION DONATED $158,250 TO 8 AREA COLLEGE FINANCIAL AID OFFICES, TO FUND 44 SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Harris President | 5 | $5,500 | |
Tom Nelson Director | 3 | $4,500 | |
Don Peters Sec-Treas | 3 | $4,500 | |
Neil Mckay Director | 3 | $4,500 | |
Tommy Nelson Director | 3 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $444 |
| Dividends & Interest | $96,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,616 |
| Capital Gain Net Income | $46,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,970 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,620 |
| Total operating and administrative expenses | $33,250 |
| Contributions, gifts, grants paid | $206,750 |
| Total expenses and disbursements | $240,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,794 |
| 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 | $1,862,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,980,158 |
| 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, Roy And Leona Nelson Foundation has awarded $206,750 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
LEWIS-CLARK STATE COLLEGE PURPOSE: COLLEGE SCHOLARSHIPS | $15,000 |
BIG BEND COMMUNITY COLLEGE FOUNDATION PURPOSE: COLLEGE SCHOLARSHIPS | $15,000 |
NORTH IDAHO COLLEGE FOUNDATION PURPOSE: COLLEGE SCHOLARSHIPS | $15,000 |
COMMUNITY COLLEGES OF SPOKANE FOUNDATION PURPOSE: COLLEGE SCHOLARSHIPS | $15,000 |
WENATCHEE VALLEY COLLEGE PURPOSE: COLLEGE SCHOLARSHIPS | $15,000 |
NORTHWEST NAZARENE UNIVERSITY PURPOSE: COLLEGE SCHOLARSHIPS | $27,000 |