Nichols Improvement Assoc Inc
- Assets
- $1.4m
- Revenue
- $299.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Trumbull, CT
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 06-6069035
Organization Overview
Nichols Improvement Assoc Inc is located in Trumbull, CT. The organization was established in 1958. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nichols Improvement Assoc Inc 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 12/2021, Nichols Improvement Assoc Inc generated $299.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $219.7k during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INITIATE, PROMOTE, ENCOURAGE, FOSTER, AND SUPPORT THE IMPROVEMENT OF THE PHYSICAL, CULTURAL, AND RECREATIONAL RESOURCES OF THE VILLAGE OF NICHOLS, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND PESERVATION OF THE COMMUNITY HOUSE, PLAYGROUNDS, FOUNTAIN, PLAYING FIELDS, AND OTHER HISTORICAL STRUCTURES FOR THE BENEFIT OF THE COMMUNITY.
OTHER DIRECT COMMUNITY ACTIVITIES FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE FOR THE COMMUNITY SUCH AS: HOLIDAY 5K RACE; HOLIDAY GATHERINGS AND DECORATING MEMBER SOCIAL GATHERINGS; WEBSITE PROVIDING HISTORICAL INFORMATION; ADULT KICKBALL; CHILDREN SUMMER CAMP; BINGO; HOLIDAY LUMINARIES FOR VILLAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Giamei-Cerniglia President | Officer | 8 | $0 |
Nate Moyer Vice Pres | Officer | 5 | $0 |
John Terwilliger 2nd Vice Pres | Officer | 5 | $0 |
Darin Callahan 3rd Vice Pres | Officer | 5 | $0 |
Katie Miller-Creagh Secretary | Officer | 8 | $0 |
Peter Kuczyniski Treasurer | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,905 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,430 |
| Total Program Service Revenue | $181,311 |
| Investment income | $67,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19,118 |
| Total functional expenses | $219,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $447,787 |
| Investments—publicly traded securities | $798,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,356,505 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,400 |
| Total liabilities | $2,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,354,105 |
| Total liabilities and net assets/fund balances | $1,356,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nichols Improvement Assoc Inc has recieved totaling $1,156.
| Awarding Organization | Amount |
|---|---|
Carlson Family Foundation Inc Chapel Hill, NC PURPOSE: MATCHING GRANT, DISCRETIONARY GRANT | $1,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
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|---|---|---|
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |