Wm A & Norma Nelson Foundation
Wm A & Norma Nelson Foundation maintains minimal expenses and no officer compensation amidst gradual asset decline.
EIN: 205450114 · Omaha, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $23K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $20,000 |
| Net Assets | $245K |
| Transparency Score | 85/100 |
Is Wm A & Norma Nelson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wm A & Norma Nelson Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wm A & Norma Nelson Foundation
Wm A & Norma Nelson Foundation (EIN: 205450114) is a nonprofit organization based in Omaha, NE, classified under NTEE code T22. The organization reported total revenue of $66K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wm A & Norma Nelson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wm A & Norma Nelson Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $23K |
| Surplus / Deficit | $-721 |
| Total Assets | $245K |
| Total Liabilities | $1 |
| Net Assets | $245K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.2 months |
Financial Health Grade: B
In 2024, Wm A & Norma Nelson Foundation reported a deficit of $721 with expenses exceeding revenue, holds 129.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Wm A & Norma Nelson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.6% | -4.1% | -0.3% |
| 2023 | -24.8% | +6.7% | -0.8% |
| 2022 | +37.4% | +8.9% | +2.7% |
| 2021 | +271.8% | -6.5% | +0.2% |
| 2020 | -70.0% | -32.2% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wm A & Norma Nelson Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Wm A & Norma Nelson Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $721, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size with annual expenses in the low $20,000s.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wm A & Norma Nelson Foundation's IRS 990 filings:
- Consistent long-term decline in assets from $325,589 in 2012 to $244,744 in 2024, suggesting expenses may be exceeding revenue over time.
Strengths
The following positive indicators were identified for Wm A & Norma Nelson Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds.
- Minimal liabilities ($1 consistently reported), demonstrating strong financial stability.
- Consistent filing of IRS 990s, indicating good transparency.
- Low overall expense base relative to assets, suggesting a lean operational structure.
Frequently Asked Questions about Wm A & Norma Nelson Foundation
Is Wm A & Norma Nelson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wm A & Norma Nelson Foundation (EIN: 205450114) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Wm A & Norma Nelson Foundation spend its money?
Wm A & Norma Nelson Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wm A & Norma Nelson Foundation tax-deductible?
Wm A & Norma Nelson Foundation is registered as a tax-exempt nonprofit (EIN: 205450114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wm A & Norma Nelson Foundation CEO make?
Wm A & Norma Nelson Foundation's highest-compensated officer earns $20,000 annually. The organization reported $66K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wm A & Norma Nelson Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wm A & Norma Nelson Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wm A & Norma Nelson Foundation located?
Wm A & Norma Nelson Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 205450114. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wm A & Norma Nelson Foundation have?
Wm A & Norma Nelson Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $66K in total revenue.
Is the Wm A & Norma Nelson Foundation financially sustainable long-term given its declining assets?
The foundation's assets have decreased from $325,589 in 2012 to $244,744 in 2024. While liabilities are minimal, this trend suggests that annual expenses, which average around $23,000, may be consistently exceeding revenue and drawing down the principal. Long-term sustainability would depend on reversing this trend through increased revenue or reduced distributions.
What is the primary purpose of the foundation's expenses if there is no officer compensation?
Given its NTEE code T22 (Private Grantmaking Foundations) and the absence of officer compensation, the majority of the foundation's expenses are likely direct grants or contributions to other organizations, along with minimal operational costs such as investment management fees or legal/accounting services for compliance.
Filing History
IRS 990 filing history for Wm A & Norma Nelson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Wm A & Norma Nelson Foundation's revenue has grown by 298.9%, moving from $6K to $22K. Total assets decreased by 24.8% over the same period, from $326K to $245K. Total functional expenses fell by 9.7%, from $25K to $23K. In its most recent filing year (2024), Wm A & Norma Nelson Foundation reported a deficit of $721, with expenses exceeding revenue. The organization holds $1 in liabilities against $245K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $245K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $22K | $23K | $245K | $1 | — | — |
| 2023 | $22K | $24K | $245K | $1 | — | View 990 |
| 2022 | $29K | $22K | $248K | $1 | — | — |
| 2021 | $21K | $20K | $241K | $1 | — | — |
| 2020 | $6K | $22K | $240K | $1 | — | View 990 |
| 2016 | $19K | $32K | $264K | $1 | — | View 990 |
| 2015 | $11K | $25K | $278K | $1 | — | View 990 |
| 2014 | $23K | $24K | $291K | $1 | — | View 990 |
| 2013 | $-11,583 | $22K | $292K | $1 | — | View 990 |
| 2012 | $6K | $25K | $326K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $22K, expenses of $23K, and assets of $245K (revenue +1.6% year-over-year).
- 2023: Revenue of $22K, expenses of $24K, and assets of $245K (revenue -24.8% year-over-year).
- 2022: Revenue of $29K, expenses of $22K, and assets of $248K (revenue +37.4% year-over-year).
- 2021: Revenue of $21K, expenses of $20K, and assets of $241K (revenue +271.8% year-over-year).
- 2020: Revenue of $6K, expenses of $22K, and assets of $240K (revenue -70.0% year-over-year).
- 2016: Revenue of $19K, expenses of $32K, and assets of $264K (revenue +64.4% year-over-year).
- 2015: Revenue of $11K, expenses of $25K, and assets of $278K (revenue -50.2% year-over-year).
- 2014: Revenue of $23K, expenses of $24K, and assets of $291K.
- 2013: Revenue of $-11,583, expenses of $22K, and assets of $292K (revenue -309.9% year-over-year).
- 2012: Revenue of $6K, expenses of $25K, and assets of $326K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wm A & Norma Nelson Foundation:
Data Sources and Methodology
This transparency report for Wm A & Norma Nelson Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.