Nichols Trust
- Assets
- $1.5m
- Revenue
- $64.9k
- Investments
- $951.6k
- Employees
- 0
- Location
- Hollis, NH
- Founding
- 02/1959
- Data as of
- 04/2024
- EIN
- 04-6026880
Organization Overview
Nichols Trust is located in Hollis, NH. The organization was established in 1959. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nichols Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2024, Nichols Trust generated $64.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $89.1k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nichols Trust has awarded 334 individual grants totaling $804,796. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances F Nichols Trustee | 0.5 | $0 | |
Richard R Husk Trustee | 8 | $0 | |
Charles J Husk Trustee | 0.5 | $0 | |
Monique M Graves Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87 |
| Total operating and administrative expenses | $15,838 |
| Contributions, gifts, grants paid | $73,250 |
| Total expenses and disbursements | $89,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,615 |
| Savings and temporary cash investments | $562,909 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,528,134 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nichols Trust has awarded $73,250 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
APPLEWILD SCHOOL PURPOSE: ANNUAL FUND/GENERAL | $2,850 |
AMERICAN RED CROSS PURPOSE: ANNUAL FUND/GENERAL | $250 |
ARNOLD ARBORETUM PURPOSE: ANNUAL FUND/GENERAL | $100 |
BEAVER BROOK ASSOCIATION PURPOSE: ANNUAL FUND/GENERAL | $10,000 |
BERRY COLLEGE PURPOSE: ANNUAL FUND/SCHOLARSHIP | $10,000 |
BRIGHAM & WOMEN'S FAULKNER HOSPITAL PURPOSE: ANNUAL FUND/GENERAL | $500 |