The Nicholas Charitable Trust
- Assets
- $1.9m
- Revenue
- $72.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 14-6197843
Organization Overview
The Nicholas Charitable Trust is located in Norwich, NY. The organization was established in 2000. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Nicholas Charitable 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 12/2022, Nicholas Charitable Trust generated $72.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $152.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nicholas Charitable Trust has awarded 104 individual grants totaling $653,384. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,465 |
| Capital Gain Net Income | $20,465 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47 |
| Total Revenue | $72,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,558 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,586 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $28,124 |
| Contributions, gifts, grants paid | $124,430 |
| Total expenses and disbursements | $152,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,013 |
| 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 | $1,803,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,879,250 |
| 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, The Nicholas Charitable Trust has awarded $124,430 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN'S EPISCOPAL CHURCH OF JOHNSTOWN PURPOSE: GENERAL OPERATING | $500 |
CHURCH OF THE HOLY SPIRIT PURPOSE: GENERAL OPERATING | $1,000 |
JEHOVAS WITNESSES OF GLOVERSVILLE PURPOSE: GENERAL OPERATING | $500 |
MOUNTAIN VALLEY HOSPICE PURPOSE: GENERAL SUPPORT | $16,090 |
GLOVERSVILLE LIBRARY FOUNDATION INC PURPOSE: GENERAL OPERATING | $16,090 |
SACRED HEART CHURCH PURPOSE: GENERAL OPERATING | $500 |