Nicholson Foundation
- Assets
- $10.8m
- Revenue
- $790.5k
- Investments
- $8.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 22-2344110
Organization Overview
Nicholson Foundation is located in New York, NY. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Nicholson Foundation 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, Nicholson Foundation generated $790.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $745.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (51.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nicholson Foundation has awarded 222 individual grants totaling $26,870,266. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NICHOLSON FOUNDATION (THE "FOUNDATION") WORKS TO ADDRESS THE COMPLEX NEEDS OF VULNERABLE POPULATIONS IN NEW JERSEY'S URBAN AREAS AND OTHER UNDERSERVED COMMUNITIES BY ENCOURAGING THE REFORM OF HEALTH, EARLY EDUCATION, AND HUMAN SERVICES DELIVERY SYSTEMS. THE FOUNDATION ACTS THROUGH PARTNERSHIPS WITH POLICYMAKERS, STAKEHOLDERS, AND SERVICE PROVIDERS. IT CONVENES LIKE-MINDED AGENCIES AND ORGANIZATIONS, MAKES FUNDS AVAILABLE TO SEED NEW PROCESSES AND PROGRAMS, AND PROVIDES GRANTEES WITH TECHNICAL ASSISTANCE DURING PROJECT RESEARCH, PLANNING, AND IMPLEMENTATION.THE FOUNDATION BEGAN THIS WORK IN 2002. FOR THE YEAR ENDED DECEMBER 31, 2022, THE FOUNDATION UTILIZED THE SERVICES OF OUTSIDE CONSULTANTS IN ORDER TO ACHIEVE THESE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Nicholson Mcfadyen Secretary/chairman/trustee | 1 | $0 | |
Jan Nicholson President/treasurer/truste | 10 | $0 | |
Michael P Vito Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barbara Kang Llc | 12/30/22 | $62,500 |
Boller Enterprises | 12/30/22 | $114,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,710 |
| Dividends & Interest | $88,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,591 |
| Capital Gain Net Income | $45,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $608,617 |
| Total Revenue | $790,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $386 |
| Interest | $0 |
| Taxes | $47,452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $473 |
| Printing and publications | $0 |
| Other expenses | $506,926 |
| Total operating and administrative expenses | $610,855 |
| Contributions, gifts, grants paid | $134,394 |
| Total expenses and disbursements | $745,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,967,357 |
| 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 | $8,797,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,231 |
| Total assets | $10,798,203 |
| 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, Nicholson Foundation has awarded $7,888,552 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF PEDICATRICS 194188 PURPOSE: FUNDS TO SUPPORT THE IMPLEMENTATION OF A COMMUNITY HEALTH AND ADVOCACY COLLABORATIVE AMONG PEDIATRIC RESIDENCY PROGRAMS TO PROMOTE HEALTHY EARLY CHILDHOOD DEVELOPMENT. | $71,605 |
CAMDEN COALITION OF HEALTHCARE PROVIDERS 19276 PURPOSE: FUNDS TO SUPPORT THE EFFORTS TO ADDRESS THE PROBLEM OF MATERNAL MORTALITY IN CAMDEN. | $28,125 |
CENTER FOR FAMILY SERVICES INC 193189 PURPOSE: FUNDS TO SUPPORT THE IMPROVEMENT OF PARTNERSHIPS ACROSS EARLY CHILDHOOD CENTERS, INCREASE HIGH QUALITY SERVICES, AND INCREASE AWARENESS AND UTILIZATION OF THESE SERVICES. | $123,497 |
LEADERS FOR LIFE INC 202252 PURPOSE: FUNDS TO OFFER AN AFTERSCHOOL PROGRAM FOR DISENFRANCHISED THIRD TO EIGHTH GRADERS LIVING IN NEWARK. | $19,800 |
METROPOLITAN FAMILY HEALTH NETWORK INC 191180 PURPOSE: FUNDS TO SUPPORT THE DELIVERY OF INTEGRATED CARE AT THE CLINIC. | $107,039 |
LALDEF INC 202253 PURPOSE: FUNDS TO SUPPORT LALDEF TO BECOME A TRAUMA-INFORMED CENTER IN ORDER TO SERVE THE TRENTON-AREA IMMIGRANT COMMUNITY MORE EFFECTIVELY. | $22,485 |