Nicholson Foundation
- Assets
- $12.2m
- Revenue
- $850.3k
- Investments
- $9.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1981
- Data as of
- 12/2021
- 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 12/2021, Nicholson Foundation generated $850.3k 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 (48.6%) each year. All expenses for the organization totaled $12.9m during the year ending 12/2021. 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
2021
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, 2021, THE FOUNDATION UTILIZED THE SERVICES OF ITS FULL-TIME STAFF IN ADDITION TO VARIOUS OUTSIDE CONSULTANTS IN ORDER TO ACHIEVE THESE GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Boller Chief Strategy & Eva | 40 | $332,016 | |
Arturo Brito Executive Director | 40 | $318,637 | |
Shannon Ayers Senior Program Offic | 40 | $268,120 | |
Barbara H Kang Senior Program Offic | 40 | $253,497 | |
Maureen T Deevey Senior Program Offic | 40 | $203,438 | |
Jan Nicholson President/treasurer/truste | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Impact Consulting Enterprises Llc | 12/30/21 | $143,000 |
Dave Ellis Consulting Llc | 12/30/21 | $316,614 |
Anne Brown Rodgers | 12/30/21 | $162,767 |
Berlin Rosen Ltd | 12/30/21 | $137,470 |
Mslgroup Americas Llc | 12/30/21 | $195,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $884 |
| Interest on Savings | $43,030 |
| Dividends & Interest | $31,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,062 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $838,828 |
| Total Revenue | $850,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,314,364 |
| Pension plans, employee benefits | $348,579 |
| Interest | $0 |
| Taxes | $191,542 |
| Depreciation | $8,098 |
| Occupancy | $121,759 |
| Travel, conferences, and meetings | $1,308 |
| Printing and publications | $0 |
| Other expenses | $1,980,167 |
| Total operating and administrative expenses | $5,026,918 |
| Contributions, gifts, grants paid | $7,888,552 |
| Total expenses and disbursements | $12,915,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,337,391 |
| 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 | $9,813,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $41,285 |
| Total assets | $12,191,968 |
| 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 | $557 |
| Total liabilities | $557 |
Grants Awarded
Over the last fiscal year, Nicholson Foundation has awarded $7,888,552 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARTSCENTER 19NC1031 PURPOSE: FUNDS TO SUPPORT THE CONSTRUCTION OF A NEW SITE. | $1,050,000 |
RUTGERS UNIVERSITY BEHAVIORAL HEALTH CARE 194213 PURPOSE: FUNDS TO SUPPORT UBHC'S EFFORT TO IMPLEMENT THE PLAN THEY DEVELOPED THROUGH THE INITIAL PLANNING GRANT. | $941,169 |
POCOSIN ARTS INC 21NC211 PURPOSE: FUNDS TO EXPAND ITS EDUCATIONAL OFFERINGS TO ALIGN DIRECTLY WITH THE NEEDS OF THE COMMUNITY FOR YOUTH EDUCATION, WORKFORCE TRAINING AND COMMUNITY ECONOMIC AND CULTURAL DEVELOPMENT. | $500,000 |
ST JOSEPH'S HEALTH 1921111 PURPOSE: FUNDS TO SUPPORT ST. JOSEPH'S HEALTH IN DEVELOPING AN INNOVATION CENTER. | $433,328 |
New Brunswick, NJ PURPOSE: FUNDS TO SUPPORT PROJECT ECHO. | $331,412 |
PREFERRED BEHAVIORAL HEALTH GROUP 195227 PURPOSE: FUNDS TO EXECUTE THE TRAUMA-INFORMED IN-HOME RECOVERY PROGRAM WHICH SUPPORTS PARENTS WITH SUBSTANCE USE DISORDERS WHO ARE ACTIVELY PARENTING A YOUNG CHILD. | $316,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |