Karl A Nielsen And Karen J Nielson Scholarship Fund
- Assets
- $120.3k
- Revenue
- $1.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Spearman, TX
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 75-2065409
Organization Overview
Karl A Nielsen And Karen J Nielson Scholarship Fund is located in Spearman, TX. The organization was established in 1985. 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. Karl A Nielsen And Karen J Nielson Scholarship Fund 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, Karl A Nielsen And Karen J Nielson Scholarship Fund generated $1.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $9.9k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY AWARDED SCHOLARSHIPS TO HIGH SCHOOL GRADUATES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $546 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,264 |
| Total Revenue | $1,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,690 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,598 |
| Total operating and administrative expenses | $5,323 |
| Contributions, gifts, grants paid | $4,571 |
| Total expenses and disbursements | $9,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,320 |
| 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 | $120,320 |
| 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 A Nielsen And Karen J Nielson Scholarship Fund has awarded $4,571 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANA HERNANDEZ PURPOSE: EDUCATIONEDUCATION | $632 |
DAVID ENRIQUEZ PURPOSE: EDUCATION | $195 |
AVONLEA SHIELDS PURPOSE: EDUCATION | $632 |
EDGAR LOPEZ PURPOSE: EDUCATION | $195 |
CAGEN MATHEWS PURPOSE: EDUCATION | $195 |
ZACHARY HEGGE PURPOSE: EDUCATION | $379 |