George W Neilson Foundation 18358
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
George W Neilson Foundation 18358 is a 501(c)(3) organization based in Bemidji, Minnesota, registered in 1963, with $1,252,896 in FY2024 revenue. CharityIndex grades it D.
Po Box 692, Bemidji, MN, 56619 EIN 41-6022186 Since 1963
Revenue (FY2024)
$1.3M
▲ 29.8% vs prior year
Expenses (FY2024)
$1.7M
Net assets
$30.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for George W Neilson Foundation 18358— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating218 mo reserves · -32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For George W Neilson Foundation 18358: 218 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for George W Neilson Foundation 18358— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For George W Neilson Foundation 18358: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $3.4M (FY2013) to $1.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $30.1M
Operating margin
-32.4%
Spent more than it raised in the latest fiscal year.
Total assets
$30.1M
Total liabilities
$0
Net assets
$30.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,252,896▲29.8% | $1,658,858▼2.9% | $30,068,975▼1.3% | $30,068,975▼1.3% | 990PF |
| 2023 | $965,247▲121% | $1,708,489▼5.6% | $30,474,937▼2.4% | $30,474,937▼2.4% | 990PF |
| 2022 | $436,273▼90.4% | $1,809,528▲2.4% | $31,218,179▼4.2% | $31,218,179▼4.2% | 990PF |
| 2021 | $4,528,001▲717% | $1,767,304▼0.4% | $32,591,434▲9.3% | $32,591,434▲9.3% | 990PF |
| 2020 | -$733,335▼120% | $1,773,577▼3.8% | $29,830,737▼7.8% | $29,830,737▼7.8% | 990PF |
| 2019 | $3,625,503▲20.7% | $1,843,061▲2.0% | $32,337,649▲5.8% | $32,337,649▲5.8% | 990PF |
| 2018 | $3,003,040▲7.4% | $1,806,055▲7.8% | $30,555,207▲4.1% | $30,555,207▲4.1% | 990PF |
| 2017 | $2,795,128▼5.0% | $1,675,607▼0.5% | $29,358,222▲4.0% | $29,358,222▲4.0% | 990PF |
| 2016 | $2,942,863▲5.0% | $1,684,483▲20.2% | $28,238,701▲4.7% | $28,238,701▲4.7% | 990PF |
| 2015 | $2,801,992▼18.7% | $1,401,304▼23.9% | $26,980,321▲5.5% | $26,980,321▲5.5% | 990PF |
| 2014 | $3,446,503▲2.4% | $1,841,130▲5.3% | $25,579,633▲6.7% | $25,579,633▲6.7% | 990PF |
| 2013 | $3,366,245 | $1,749,125▲62.0% | $23,974,260▲7.2% | $23,974,260▲7.2% | 990PF |
| 2012 | — | $1,079,441▼27.1% | $22,357,140▲6.9% | $22,357,140▲6.9% | 990PF |
| 2011 | — | $1,479,947▲6.5% | $20,906,201▼3.6% | $20,906,201▼3.6% | 990PF |
| 2010 | — | $1,389,696 | $21,691,563 | $21,691,563 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is George W Neilson Foundation 18358 a legitimate nonprofit?
- Yes. George W Neilson Foundation 18358 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6022186, based in Bemidji, Minnesota. Donations are tax-deductible.
- What is George W Neilson Foundation 18358's EIN?
- George W Neilson Foundation 18358's Employer Identification Number (EIN) is 41-6022186.
- How much revenue does George W Neilson Foundation 18358 report?
- George W Neilson Foundation 18358 reported $1,252,896 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does George W Neilson Foundation 18358 have?
- CharityIndex grades George W Neilson Foundation 18358 D, based on financial health (reserves and operating margin).
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Data for George W Neilson Foundation 18358 (EIN 41-6022186) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.