Nonprofit · EIN 84-3379995
NELLS FOUNDATION
Tax-exempt · OTTAWA, IL 61350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $2,248,541 | $585,835 | $1,662,706 | $20,633,581 | $0 | $20,633,581 |
| June 30, 2024 | 990-PF | $229,142 | $639,368 | -$410,226 | $18,970,875 | $0 | $18,970,875 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $125
- Dividends
- $280,299
- Interest
- $4,382
- Net gain from sales of assets
- $1,963,735
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $88,126
- Excise tax on investment income
- $30,872
Balance sheet and other
- Total assets, start of year
- $18,970,875
- Total assets, end of year
- $20,633,581
- Total liabilities, end of year
- $0
- Net assets, end of year
- $20,633,581
- Fair market value of assets
- $21,729,516
- Net investment income
- $2,248,416
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES E DOWNEY 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | President | 0 | $0 |
| GINO BIANCHI 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | Vice President | 0 | $0 |
| BRENT ANDERSON 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | Sec/Treasurer | 0 | $0 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES E DOWNEY 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | President | 0 | $0 |
| GINO BIANCHI 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | Vice President | 0 | $0 |
| BRENT ANDERSON 250 NEWPORT CENTER DR STE M100, NEWPORT BEACH, CA 92660 | Sec/Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 ALEXIS AVE, OTTAWA, IL 61350-0000
- In care of
- % MARTY SERENA
- Signed the 990-PF
- JAMES E DOWNEY, President
- Phone
- (949) 287-6666
- Return prepared by
- Cohen Bender & Golden LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-3379995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Environment (C99)
- Assets (IRS master file)
- $20,633,581
- Income (IRS master file)
- $10,051,816
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $2,248,541 | $585,835 | $20,633,581 | XML |
| 990-PF | June 2024 | $229,142 | $639,368 | $18,970,875 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3379995).
Questions about NELLS FOUNDATION
- What is the EIN of NELLS FOUNDATION?
- The employer identification number (EIN) of NELLS FOUNDATION is 84-3379995.
- Is NELLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NELLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does NELLS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NELLS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NELLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of NELLS FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NELLS FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $2,248,541, expenses of $585,835 and total assets of $20,633,581 at year end.
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