Nulsen Family Foundation Inc

Bethesda, MD
Tax-exempt since April 2004
EIN: 20-0448228

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$257k (2024)

Expenses

$220k (2024)

Total Assets

$735k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$257,481

Expenses

$220,102

Net Income

$37,379

Net Assets

$735,241

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$259	0.1%
Dividends	$51,658	20.1%
Sales of Assets	$173,436	67.4%
Other Income	$32,128	12.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$215,500	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$735,241
Total Liabilities	$0
Net Assets	$735,241

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 4, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

-$133,822

Expenses

$461,764

Net Income

-$595,586

Net Assets

$693,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$216
Dividends	$48,357
Sales of Assets	-$192,367
Other Income	$9,972

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$458,500	99.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$693,112
Total Liabilities	$0
Net Assets	$693,112

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2022

Revenue

$238,004

Expenses

$476,813

Net Income

-$238,809

Net Assets

$1,310,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$340	0.1%
Dividends	$42,942	18.0%
Sales of Assets	$165,949	69.7%
Other Income	$28,773	12.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$457,000	95.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,310,705
Total Liabilities	$0
Net Assets	$1,310,705

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Oct. 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$527,875

Expenses

$545,173

Net Income

-$17,298

Net Assets

$1,516,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$284	0.1%
Dividends	$45,837	8.7%
Sales of Assets	$480,500	91.0%
Other Income	$1,254	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$536,500	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,516,332
Total Liabilities	$0
Net Assets	$1,516,332

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$613,617

Expenses

$496,298

Net Income

$117,319

Net Assets

$1,532,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$333	0.1%
Dividends	$58,476	9.5%
Sales of Assets	$554,000	90.3%
Other Income	$808	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$483,285	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,532,074
Total Liabilities	$1
Net Assets	$1,532,073

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2019

Revenue

$149,683

Expenses

$522,801

Net Income

-$373,118

Net Assets

$1,405,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,197	3.5%
Dividends	$28,496	19.0%
Sales of Assets	$105,262	70.3%
Other Income	$10,728	7.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$507,100	97.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,405,712
Total Liabilities	$1
Net Assets	$1,405,711

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Dec. 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$283,019

Expenses

$149,538

Net Income

$133,481

Net Assets

$3,097,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,715	2.7%
Dividends	$21,258	7.5%
Sales of Assets	$251,029	88.7%
Other Income	$3,017	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$131,875	88.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,097,904
Total Liabilities	$0
Net Assets	$3,097,904

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$180,430

Expenses

$245,974

Net Income

-$65,544

Net Assets

$2,966,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,191	3.4%
Dividends	$23,456	13.0%
Sales of Assets	$150,036	83.2%
Other Income	$747	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$221,989	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,968,036
Total Liabilities	$1,309
Net Assets	$2,966,727

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Nov. 1, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$1,603,585

Expenses

$230,122

Net Income

$1,373,463

Net Assets

$3,032,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,630	0.3%
Dividends	$24,698	1.5%
Sales of Assets	$1,574,071	98.2%
Other Income	$186	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,289	95.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,036,113
Total Liabilities	$3,842
Net Assets	$3,032,271

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Oct. 4, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$158,601

Expenses

$117,088

Net Income

$41,513

Net Assets

$1,658,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$354	0.2%
Dividends	$69,519	43.8%
Sales of Assets	$87,293	55.0%
Other Income	$1,435	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,123	92.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,658,808
Total Liabilities	$0
Net Assets	$1,658,808

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Oct. 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

-$1,316

Expenses

$107,516

Net Income

-$108,832

Net Assets

$1,617,295

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$436
Dividends	$60,047
Sales of Assets	-$64,370
Other Income	$2,571

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,707	92.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,617,295
Total Liabilities	$0
Net Assets	$1,617,295

Compensation

Key Employees and Officers	Compensation	Other
Charles K Nulsen Iii (Director, Pres & Treasurer)	$0	$0
Joann K Nulsen (Director, V Pres & Secy)	$0	$0

990-PF

Filed on Oct. 28, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

-$13,201

Expenses

$121,131

Net Income

-$134,332

Net Assets

$1,726,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$669
Dividends	$50,052
Sales of Assets	$0
Other Income	$2,140

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,706	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,726,127
Total Liabilities	$0
Net Assets	$1,726,127

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$127,976

Expenses

$151,288

Net Income

-$23,312

Net Assets

$1,860,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$672	0.5%
Dividends	$45,693	35.7%
Sales of Assets	$74,147	57.9%
Other Income	$7,464	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$143,039	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,860,459
Total Liabilities	$0
Net Assets	$1,860,459

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$57,522

Expenses

$166,294

Net Income

-$108,772

Net Assets

$1,883,771

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,269	2.2%
Dividends	$37,681	65.5%
Sales of Assets	$16,981	29.5%
Other Income	$1,591	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$156,067	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,883,771
Total Liabilities	$0
Net Assets	$1,883,771

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Nulsen Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $257k (2024)

Expenses $220k (2024)

Total Assets $735k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Revenue

$257k (2024)

Expenses

$220k (2024)

Total Assets

$735k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2003