George W Neilson Foundation 18358

Bemidji, MN
Tax-exempt since June 1963
EIN: 41-6022186

Receive an email when new data is available for this organization.

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.

Donations to this organization are tax deductible.

Revenue

$1.25M (2024)

Expenses

$1.66M (2024)

Total Assets

$30.1M (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

$1,252,896

Expenses

$1,658,858

Net Income

-$405,962

Net Assets

$30,068,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$765,704	61.1%
Sales of Assets	$487,192	38.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,511,188	91.1%
Compensation of Officers*	$75,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,068,975
Total Liabilities	$0
Net Assets	$30,068,975

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$15,000	$0
Paul Welle (Trustee)	$15,000	$0
James Naylor (Trustee)	$15,000	$0
Glen Lindseth (Trustee)	$15,000	$0
Mark Dickinson (Trustee)	$15,000	$0

+ View more people

990-PF

Filed on May 13, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$965,247

Expenses

$1,708,489

Net Income

-$743,242

Net Assets

$30,474,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$721,177	74.7%
Sales of Assets	$244,045	25.3%
Other Income	$25	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,584,908	92.8%
Compensation of Officers*	$60,000	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,474,937
Total Liabilities	$0
Net Assets	$30,474,937

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$436,273

Expenses

$1,809,528

Net Income

-$1,373,255

Net Assets

$31,218,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$612,939	> 100%
Sales of Assets	-$176,666
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,687,914	93.3%
Compensation of Officers*	$60,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,218,179
Total Liabilities	$0
Net Assets	$31,218,179

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 3, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$4,528,001

Expenses

$1,767,304

Net Income

$2,760,697

Net Assets

$32,591,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$678,014	15.0%
Sales of Assets	$3,847,504	85.0%
Other Income	$2,483	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,560,964	88.3%
Compensation of Officers*	$60,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,591,434
Total Liabilities	$0
Net Assets	$32,591,434

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 11, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

-$733,335

Expenses

$1,773,577

Net Income

-$2,506,912

Net Assets

$29,830,736

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6
Dividends	$981,523
Sales of Assets	$0
Other Income	$5,403

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,633,840	92.1%
Compensation of Officers*	$60,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,830,737
Total Liabilities	$1
Net Assets	$29,830,736

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 12, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$3,625,503

Expenses

$1,843,061

Net Income

$1,782,442

Net Assets

$32,337,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26	0.0%
Dividends	$1,049,399	28.9%
Sales of Assets	$2,570,056	70.9%
Other Income	$6,022	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,684,957	91.4%
Compensation of Officers*	$60,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,337,649
Total Liabilities	$1
Net Assets	$32,337,648

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 13, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$3,003,040

Expenses

$1,806,055

Net Income

$1,196,985

Net Assets

$30,555,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$62	0.0%
Dividends	$1,023,845	34.1%
Sales of Assets	$1,961,519	65.3%
Other Income	$17,614	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,645,021	91.1%
Compensation of Officers*	$60,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,555,207
Total Liabilities	$0
Net Assets	$30,555,207

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$2,795,128

Expenses

$1,675,607

Net Income

$1,119,521

Net Assets

$29,358,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70	0.0%
Dividends	$863,502	30.9%
Sales of Assets	$1,930,301	69.1%
Other Income	$1,255	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,529,117	91.3%
Compensation of Officers*	$60,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,358,222
Total Liabilities	$0
Net Assets	$29,358,222

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 14, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$2,942,863

Expenses

$1,684,483

Net Income

$1,258,380

Net Assets

$28,238,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$925,317	31.4%
Sales of Assets	$2,016,902	68.5%
Other Income	$641	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,528,856	90.8%
Compensation of Officers*	$60,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,238,701
Total Liabilities	$0
Net Assets	$28,238,701

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Mark Dickinson (Trustee)	$12,000	$0

+ View more people

990-PF

Filed on May 11, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$2,801,992

Expenses

$1,401,304

Net Income

$1,400,688

Net Assets

$26,980,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$996,236	35.6%
Sales of Assets	$1,695,470	60.5%
Other Income	$110,284	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,200,004	85.6%
Compensation of Officers*	$59,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,980,321
Total Liabilities	$0
Net Assets	$26,980,321

Compensation

Key Employees and Officers	Compensation	Other
Suzanne Liapis (Trustee)	$12,000	$0
Paul Welle (Trustee)	$12,000	$0
James Naylor (Trustee)	$12,000	$0
Glen Lindseth (Trustee)	$12,000	$0
Marcus Wiechmann (Trustee)	$6,000	$0
Mark Dickinson (Trustee)	$5,000	$0

+ View more people

990-PF

Filed on May 11, 2016

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

View Filing

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.
2014

Revenue

$3,446,503

Expenses

$1,841,130

Net Income

$1,605,373

Net Assets

$25,579,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$970,438	28.2%
Sales of Assets	$2,345,089	68.0%
Other Income	$130,975	3.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,640,818	89.1%
Compensation of Officers*	$50,000	2.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,579,633
Total Liabilities	$0
Net Assets	$25,579,633

Compensation

Key Employees and Officers	Compensation	Other
Marcus Wiechmann (Trustee)	$10,000	$0
Suzanne Liapis (Trustee)	$10,000	$0
Paul Welle (Trustee)	$10,000	$0
James Naylor (Trustee)	$10,000	$0
Glen Lindseth (Trustee)	$10,000	$0

+ View more people

990-PF

Filed on May 13, 2015

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

View Filing

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.
2013

Revenue

$3,366,245

Expenses

$1,749,125

Net Income

$1,617,120

Net Assets

$23,974,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15	0.0%
Dividends	$908,812	27.0%
Sales of Assets	$2,451,985	72.8%
Other Income	$5,433	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,518,193	86.8%
Compensation of Officers*	$50,000	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,974,260
Total Liabilities	$0
Net Assets	$23,974,260

Compensation

Key Employees and Officers	Compensation	Other
Marcus Wiechmann (Trustee)	$10,000	$0
Suzanne Liapis (Trustee)	$10,000	$0
Paul Welle (Trustee)	$10,000	$0
James Naylor (Trustee)	$10,000	$0
Glen Lindseth (Trustee)	$10,000	$0

+ View more people

990-PF

Filed on May 7, 2014

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

View Filing

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.
2012

Revenue

$2,530,380

Expenses

$1,079,441

Net Income

$1,450,939

Net Assets

$22,357,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$925,371	36.6%
Sales of Assets	$1,599,739	63.2%
Other Income	$5,266	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$953,846	88.4%
Compensation of Officers*	$50,000	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,357,140
Total Liabilities	$1
Net Assets	$22,357,139

990-PF

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

PDF

990-T

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$694,585

Expenses

$1,479,947

Net Income

-$785,362

Net Assets

$20,906,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$144	0.0%
Dividends	$886,806	> 100%
Sales of Assets	$0
Other Income	$6,105	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,354,405	91.5%
Compensation of Officers*	$48,333	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,906,201
Total Liabilities	$1
Net Assets	$20,906,200

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

George W Neilson Foundation 18358

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.25M (2024)

Expenses $1.66M (2024)

Total Assets $30.1M (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

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1.25M (2024)

Expenses

$1.66M (2024)

Total Assets

$30.1M (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.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001