Aksel Nielsen Foundation is located in Cambridge, MA. The organization was established in 1959. 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. Aksel Nielsen 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, Aksel Nielsen Foundation generated $284.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $239.6k during the year ending 12/2021. While expenses have increased by 4.2% 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 2016, Aksel Nielsen Foundation has awarded 193 individual grants totaling $1,071,725. 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
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Judith M Pemstein President | 4 | $0 | |
Alan B Pemstein Secretary | 4 | $0 | |
Benjamin Pemstein Trustee | 4 | $0 | |
Michael Pemstein Treasurer | 4 | $0 | |
Robert Pemstein Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $79,333 |
Profit on Inventory Sales | $0 |
Other Income | $431 |
Total Revenue | $284,304 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Pension plans, employee benefits | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Total operating and administrative expenses | $44,265 |
Contributions, gifts, grants paid | $195,350 |
Total expenses and disbursements | $239,615 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,937 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Other assets | $2,113 |
Mortgages and other notes payable | $0 |
Other liabilities | $2,113 |
Over the last fiscal year, Aksel Nielsen Foundation has awarded $197,475 in support to 39 organizations.
Grant Recipient | Amount |
---|---|
ACLU PURPOSE: GENERAL SUPPORT | $5,000 |
ADL NEW ENGLAND PURPOSE: GENERAL SUPPORT | $5,000 |
BOYS AND GIRLS CLUB BOSTON PURPOSE: GENERAL SUPPORT | $2,000 |
BROTHERS AT BARD BARD COLLEGE PURPOSE: GENERAL SUPPORT | $1,000 |
CASA MYRNA VAZQUEZ PURPOSE: GENERAL SUPPORT | $5,000 |
CAMP AVODA PURPOSE: GENERAL SUPPORT | $40,000 |