Neal C Nichols Foundation Inc
- Assets
- $11.5m
- Revenue
- $4.3m
- Investments
- $6.3m
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 04/2007
- Data as of
- 12/2021
- 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 12/2021, Neal C Nichols Foundation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $877.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Neal C Nichols Foundation Inc has awarded 63 individual grants totaling $2,147,700. 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 |
|---|---|---|---|
Deborah A Hauter Director | 0.05 | $1,000 | |
Ann C Nichols Director | 0.05 | $1,000 | |
Wanda Schmitt Director | 0.05 | $1,000 | |
Belinda Nichols Director | 0.05 | $1,000 | |
Neal C Nichols Chairman/president | 0.5 | $0 | |
Angela D Hollins Vice President & Treasurer | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,434,163 |
| Interest on Savings | $81 |
| Dividends & Interest | $138,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,690,022 |
| Capital Gain Net Income | $2,690,022 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,263,085 |
| 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 | $4,455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,591 |
| Printing and publications | $0 |
| Other expenses | $649 |
| Total operating and administrative expenses | $84,560 |
| Contributions, gifts, grants paid | $792,500 |
| Total expenses and disbursements | $877,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,778 |
| Savings and temporary cash investments | $5,222,988 |
| 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 | $18 |
| Total assets | $11,503,189 |
| 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 $792,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Virginia Beach, VA PURPOSE: CHARITABLE | $195,000 |
CAPITAL CARING - THE GEORGE PAKIDIS ADVANCED CARDIAC CARE PROGRAM PURPOSE: CHARITABLE | $100,000 |
Leesburg, VA PURPOSE: CHARITABLE | $100,000 |
Arlington, VA PURPOSE: CHARITABLE | $60,000 |
Doylestown, PA PURPOSE: CHARITABLE | $50,000 |
Baltimore, MD PURPOSE: CHARITABLE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pt Fund Inc Washington, DC | $1,857,256 | $2,899,847 |
Centerstone Military Services Inc Nashville, TN | $1,764,392 | $3,661,896 |
Christopher Coffland Memorial Fund Inc Timonium, MD | $647,690 | $1,477,090 |
Kids Cancer Alliance Inc Louisville, KY | $1,595,560 | $1,331,527 |
Neal C Nichols Foundation Inc Falls Church, VA | $11,503,189 | $4,263,085 |
Bowlers To Veterans Link Inc Fairfax, VA | $2,168,201 | $1,273,730 |
Rouben And Violet Jiji Foundation Towson, MD | $13,701,428 | $480,892 |
America Salutes You Llc Mclean, VA | $198,314 | $662,144 |
Coalfield Water Development Fun Inc Coeburn, VA | $20,428,381 | $814,226 |
Warrior Reunion Foundation Cockeysville, MD | $331,681 | $550,232 |
Jason And Adriana West Foundation Cary, NC | $5,027,452 | $160,716 |
Cleveland High School Band Parents Association Garner, NC | $80,928 | $387,764 |