Van Nice Foundation
- Assets
- $1.5m
- Revenue
- $79.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Lakeside, MI
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 31-1604783
Organization Overview
Van Nice Foundation is located in Lakeside, MI. The organization was established in 1998. 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. Van Nice 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, Van Nice Foundation generated $79.6k 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 (14.5%) each year. All expenses for the organization totaled $160.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Van Nice Foundation has awarded 175 individual grants totaling $364,500. 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
DIRECT GRANTS TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Hunt Van Nice President | 0 | $0 | |
Peter Errett Van Nice Treasurer | 0 | $0 | |
Anthony H Van Nice Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,985 |
| Dividends & Interest | $37,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,477 |
| Capital Gain Net Income | $39,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $79,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $158 |
| Taxes | $5,821 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,830 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $160,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,999 |
| 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 | $734,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,511,624 |
| 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, Van Nice Foundation has awarded $131,000 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
AHIVOY PURPOSE: GENERAL SUPPORT | $1,000 |
626 LANDMARK FOUNDATION - WOMENS ATHLETIC CLUB PURPOSE: GENERAL SUPPORT | $1,000 |
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $500 |
ART INSTITUTE OF CHICAGO PURPOSE: GENERAL SUPPORT | $2,500 |
ASPEN FILM IN MEMORY OF ELLEN HUNT PURPOSE: GENERAL SUPPORT | $2,000 |
AUDUBON GREAT LAKES ANNUAL GIVING PURPOSE: GENERAL SUPPORT | $4,000 |