Nonprofit · EIN 87-3928548
J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,028,345 | $815,049 | $213,296 | $9,067,056 | $0 | $9,067,056 |
| December 31, 2023 | 990-PF | $607,314 | $427,602 | $179,712 | $8,081,240 | $0 | $8,081,240 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $639,000
- Dividends
- $108,555
- Interest
- $139,078
- Net gain from sales of assets
- $141,712
Expenses
- Grants and similar amounts paid
- $764,500
- Compensation of officers, directors and key employees
- $14,400
- Disbursements for charitable purposes
- $775,765
- Excise tax on investment income
- $4,139
Balance sheet and other
- Total assets, start of year
- $8,081,240
- Total assets, end of year
- $9,067,056
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,067,056
- Fair market value of assets
- $9,067,055
- Qualifying distributions
- $775,765
- Net investment income
- $337,043
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE OUVERSON 785 BRIARSTONE DR, MASON CITY, IA 50401 | SECRETARY | 1 | $7,200 |
| JERRY DAVIS 7 WILLIAMSBURG CIRCLE, MASON CITY, IA 50401 | TREASURER | 1 | $7,200 |
| ANDREW NELSON 402 BIRCH CT, CLEAR LAKE, IA 50428 | PRESIDENT | 1 | $0 |
| SARA BRIGGS 1020 WILDWOOD CIRCLE, CHASKA, MN 55318 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE OUVERSON 785 BRIARSTONE DR, MASON CITY, IA 50401 | SECRETARY | 0 | $13,200 |
| JERRY DAVIS 7 WILLIAMSBURG CIRCLE, MASON CITY, IA 50401 | TREASURER | 0 | $6,000 |
| SARA BRIGGS 1020 WILDWOOD CIRCLE, CHASKA, MN 55318 | TRUSTEE | 0 | $1,500 |
| ANDREW NELSON 402 BIRCH CT, CLEAR LAKE, IA 50428 | PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 607, CLEAR LAKE, IA 50428-0607
- In care of
- % KRISTEN N OLLENBURG
- Signed the 990-PF
- ANDREW NELSON, PRESIDENT
- Return prepared by
- HARRISON & ASSOCIATES CPAS PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-3928548
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $9,067,056
- Income (IRS master file)
- $4,198,405
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,028,345 | $815,049 | $9,067,056 | XML |
| 990-PF | December 2023 | $607,314 | $427,602 | $8,081,240 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3928548).
Questions about J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION
- What is the EIN of J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION?
- The employer identification number (EIN) of J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION is 87-3928548.
- Is J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $7,200 (BRUCE OUVERSON, SECRETARY).
- How much revenue does J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,028,345, expenses of $815,049 and total assets of $9,067,056 at year end.
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