Karl H and Wealtha H Nelson Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Karl H and Wealtha H Nelson Foundation is a 501(c)(3) organization based in Omaha, Nebraska, registered in 1993, with $209,849 in FY2023 revenue. CharityIndex grades it D.
Co George Blazek 9290 W Dodge Rd, Omaha, NE, 68114 EIN 36-3879767 Since 1993
Revenue (FY2023)
$210K
▲ 92.9% vs prior year
Expenses (FY2023)
$273K
Net assets
$2.3M
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 Karl H and Wealtha H Nelson Foundation— 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 rating100 mo reserves · -30% 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 Karl H and Wealtha H Nelson Foundation: 100 mo reserves · -30% 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 Karl H and Wealtha H Nelson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Karl H and Wealtha H Nelson Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $264K (FY2017) to $210K (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $2.3M
Operating margin
-29.9%
Spent more than it raised in the latest fiscal year.
Total assets
$2.3M
Total liabilities
$0
Net assets
$2.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $209,849▲92.9% | $272,680▼12.9% | $2,278,507▲2.6% | $2,278,507▲2.6% | 990PF |
| 2022 | $108,790▼62.8% | $312,922▼11.3% | $2,221,107▼8.6% | $2,221,107▼8.6% | 990PF |
| 2021 | $292,295▲9.2% | $352,754▼11.9% | $2,429,529▼2.4% | $2,429,529▼2.4% | 990PF |
| 2020 | $267,698▲7.3% | $400,524▲44.2% | $2,489,988▼5.1% | $2,489,312▼5.1% | 990PF |
| 2019 | $249,541▲36.1% | $277,717▲20.9% | $2,622,814▼1.1% | $2,623,980▼1.0% | 990PF |
| 2018 | $183,355▼30.5% | $229,770▼4.3% | $2,650,990▼1.7% | $2,651,149▼1.8% | 990PF |
| 2017 | $263,851 | $240,103 | $2,697,405 | $2,700,334 | 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 Karl H and Wealtha H Nelson Foundation a legitimate nonprofit?
- Yes. Karl H and Wealtha H Nelson Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3879767, based in Omaha, Nebraska. Donations are tax-deductible.
- What is Karl H and Wealtha H Nelson Foundation's EIN?
- Karl H and Wealtha H Nelson Foundation's Employer Identification Number (EIN) is 36-3879767.
- How much revenue does Karl H and Wealtha H Nelson Foundation report?
- Karl H and Wealtha H Nelson Foundation reported $209,849 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Karl H and Wealtha H Nelson Foundation have?
- CharityIndex grades Karl H and Wealtha H Nelson Foundation D, based on financial health (reserves and operating margin).
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Data for Karl H and Wealtha H Nelson Foundation (EIN 36-3879767) 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.