Overview
What is Luis & Linda Nieves Family Foundation?
The Luis & Linda Nieves Family Foundation is a charitable organization, primarily focused on supporting Soka University of America, a California nonprofit institution. In 2020, the foundation generously donated $313,355, but due to the restrictions imposed by the COVID-19 pandemic, Soka University was unable to utilize these funds during the 2020-2021 and 2021-2022 academic years. In response, the university has decided to roll over these funds for use in the 2022-23 academic year, with the intention of continuing to support the programs that were previously funded. The mission of the Luis & Linda Nieves Family Foundation is to contribute to charitable and educational causes, specifically benefiting Soka University of America.
Is Luis & Linda Nieves Family Foundation legitimate?
Luis & Linda Nieves Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luis & Linda Nieves Family Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Luis & Linda Nieves Family Foundation?
The Luis & Linda Nieves Family Foundation is organized and operates solely for charitable or educational purposes. Its primary objective is to support the activities of Soka University of America, a California nonprofit benefit corporation. The foundation's mission is expressed through conducting or backing initiatives aimed at benefiting Soka University of America. In 2020, the foundation donated a significant sum of $313,355 to the university. Due to the impact of COVID-19, the university was unable to utilize these funds during the 2020-2021 and 2021-2022 academic years. The foundation has decided to roll over these funds to the 2022-23 academic year, with the intention of supporting programs that were previously funded.
What is the revenue of Luis & Linda Nieves Family Foundation?
Luis & Linda Nieves Family Foundation's revenue in 2023 was $314,060.
Who are the executives of Luis & Linda Nieves Family Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $528,500
- Related: $0
- Other: $71,810
- Compensation: $357,280
- Related: $0
- Other: $49,170
- Compensation: $260,417
- Related: $0
- Other: $145,857
Where can I find the form 990 for Luis & Linda Nieves Family Foundation?
Luis & Linda Nieves Family Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Luis & Linda Nieves Family Foundation
The Luis & Linda Nieves Family Foundation is established with the purpose of serving charitable and educational needs. Its primary objective is to contribute to and support activities that benefit Soka University of America, a California-based nonprofit organization. The foundation's mission is to operate exclusively for charitable or educational purposes, focusing on the betterment of Soka University. In 2020, the foundation generously donated $313,355 to Soka University. However, due to the impact of COVID-19, all programs and instructions at the university were conducted remotely, and the foundation's funds could not be utilized during the 2020-2021 and 2021-2022 academic years. As a result, Soka University decided to roll over these funds to the 2022-23 academic year, with the intention of using them to support the programs that were funded in previous years.
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Impact
October, 2024
The Luis & Linda Nieves Family Foundation has made a significant impact through its financial support of Soka University of America, contributing $313,355 in 2020. Although the university faced challenges in utilizing these funds during the 2020-2021 and 2021-2022 academic years due to the shift to remote instruction caused by COVID-19, plans to roll over the funds to the 2022-2023 academic year demonstrate a commitment to enhancing educational programs at the university. This funding enables Soka University to maintain and develop its educational initiatives, ultimately benefiting students and the broader academic community. By focusing on charitable and educational purposes, the foundation plays a crucial role in supporting the mission and activities of Soka University.
This information is meant to be a general summary of Luis & Linda Nieves Family Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $214,707
- Gross Receipts: $4,577,814
Assets and Liabilities:
- Total Assets: $12,744,284
- Total Liabilities: $0
- Net Assets: $12,744,284
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Organization Details
Founding Year
2004
Principal Officer
Luis A Nieves
NTEE Category
Code: B11 - Education
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