Neal C Nichols Foundation Inc
- Assets
- $10.6m
- Revenue
- $140.2k
- Investments
- $9.3m
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 20-5813748
Organization Overview
Neal C Nichols Foundation Inc is located in Falls Church, VA. The organization was established in 2007. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neal C Nichols Foundation 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 12/2022, Neal C Nichols Foundation Inc generated $140.2k 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 (19.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Neal C Nichols Foundation Inc has awarded 74 individual grants totaling $2,608,950. 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 |
|---|---|---|---|
Neal C Nichols Chairman/president | 0.5 | $0 | |
Angela D Hollins Vice President & Treasurer | 0.05 | $0 | |
Ralph E Kipp Secretary | 0.05 | $0 | |
Ann C Nichols Director | 0.05 | $1,000 | |
Deborah A Hauter Director | 0.05 | $1,000 | |
Wanda Schmitt Director | 0.05 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $303 |
| Dividends & Interest | $206,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$66,357 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,227 |
| Printing and publications | $0 |
| Other expenses | $565 |
| Total operating and administrative expenses | $123,756 |
| Contributions, gifts, grants paid | $941,250 |
| Total expenses and disbursements | $1,065,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,780 |
| Savings and temporary cash investments | $1,196,484 |
| 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 | $10,578,356 |
| 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, Neal C Nichols Foundation Inc has awarded $941,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL CARING - THE GEORGE PAKIDIS ADVANCED CARDIAC CARE PROGRAM PURPOSE: CHARITABLE | $100,000 |
ADOPTIONS TOGETHER PURPOSE: CHARITABLE | $25,000 |
CHELSEA ACADEMY PURPOSE: CHARITABLE | $25,000 |
CHRISTIAN HELP INC OF MINGO COUNTY PURPOSE: CHARITABLE | $20,000 |
CULMORE CLINIC PURPOSE: CHARITABLE | $20,000 |
ETHNOS COLLEGE PURPOSE: CHARITABLE | $10,000 |