Robert Nelson Foundation
- Assets
- $13.3m
- Revenue
- $1.4m
- Investments
- $12.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2017
- Data as of
- 04/2023
- EIN
- 82-1673538
Organization Overview
Robert Nelson Foundation is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert 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.
Since 2020, Robert Nelson Foundation has awarded 150 individual grants totaling $2,540,000. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Palmieri Director | 2 | $8,000 | |
Jeffrey Siegel Treasurer | 10 | $48,000 | |
Anne Hayes CPA Secretary | 8 | $46,479 | |
Bryant Domina President | 4 | $10,000 | |
Sarah Talei Director | 2 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $998,564 |
| Interest on Savings | $9,063 |
| Dividends & Interest | $161,150 |
| Net Rental Income | $119,878 |
| Net Gain on Sale of Assets | $46,373 |
| Capital Gain Net Income | $46,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,367,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,479 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,367 |
| Total operating and administrative expenses | $255,973 |
| Contributions, gifts, grants paid | $360,000 |
| Total expenses and disbursements | $615,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $657,733 |
| 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 | $9,118,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,282,126 |
| 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, Robert Nelson Foundation has awarded $423,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT ROPA PURPOSE: HOMELESS SUPPORT | $10,000 |
4 PAWS INC PURPOSE: ANIMAL SUPPORT | $5,000 |
ST VINCENTS MEALS ON WHEELS PURPOSE: RELIEF FROM FOOD INSECURITY | $5,000 |
PATH POINT SEARCH PURPOSE: DISABLED/HOMELESS SUPPORT | $35,000 |
OKIZU FOUNDATION PURPOSE: AT RISK YOUTH SUPPORT | $6,000 |
SPECIAL OLYMPICS OF SOUTHERN CA PURPOSE: DISABLED SUPPORT | $5,000 |