Frank And Eileen Nugent Charitablefoundation
- Assets
- $4.4m
- Revenue
- $547.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 02/2012
- Data as of
- 11/2023
- EIN
- 20-3999425
Organization Overview
Frank And Eileen Nugent Charitablefoundation is located in North Palm Beach, FL. The organization was established in 2012. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank And Eileen Nugent Charitablefoundation 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 11/2023, Frank And Eileen Nugent Charitablefoundation generated $547.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $288.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Frank And Eileen Nugent Charitablefoundation has awarded 37 individual grants totaling $1,212,589. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Nugent-Harris President, Trustee | 10 | $0 | |
Janet M Novey Secretary/treasurer, Trust | 10 | $0 | |
Richard P Nugent Trustee | 10 | $0 | |
Michael Nugent Trustee | 10 | $0 | |
William E Nugent Trustee | 10 | $0 | |
Thomas F Nugent Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $144,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $402,703 |
| Capital Gain Net Income | $402,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $547,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,235 |
| Contributions, gifts, grants paid | $252,600 |
| Total expenses and disbursements | $288,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,463 |
| 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 | $4,376,549 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,424,012 |
| 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 | $4,807 |
| Total liabilities | $4,807 |
Grants Awarded
Over the last fiscal year, Frank And Eileen Nugent Charitablefoundation has awarded $252,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL WINGS FOR VETERANS PURPOSE: ASSIST VETERANS WITH TRANSPORTATION FOR CLINICAL CARE. | $40,000 |
CAROL E HIGBEE SCHOLARSHIP FOUNDATION PURPOSE: PROVIDE SCHOLARSHIPS TO STUDENTS AT EGG HARBOR TOWNSHIP HIGH SCHOOL. | $10,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: PROVIDE CHRISTIAN ATHLETES WITH SPIRITUAL AND LEADERSHIP TRAINING | $42,100 |
HOLY SPIRIT HIGH SCHOOL PURPOSE: PROVIDE EDUCATIONAL ASSISTANCE TO STUDENTS OF THE SCHOOL. | $38,400 |
STOCKTON UNIVERSITY FOUNDATION PURPOSE: PROVIDE EDUCATIONAL ASSISTANCE TO STUDENTS OF THE SCHOOL | $71,000 |
TOM FABIETTI SCHOLARSHIP FOUNDATION PURPOSE: PROVIDE SCHOLARSHIPS TO STUDENTS AT ST. AUGUSTINE PREP HIGH SCHOOL. | $15,100 |