Nord Family Foundation
- Assets
- $187.0m
- Revenue
- $6.9m
- Investments
- $182.5m
- Employees
- 0
- Location
- Amherst, OH
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 34-1595929
Organization Overview
Nord Family Foundation is located in Amherst, OH. The organization was established in 1988. 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. Nord Family 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, Nord Family Foundation generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $12.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nord Family Foundation has awarded 1,704 individual grants totaling $45,986,223. 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
MAINTENANCE OF HISTORICALLY SIGNIFICANT PROPERTIES FOR EDUCATIONAL OR OTHER CHARITABLE PURPOSES: NEW UNION CENTER FOR THE ARTS - $263,577 OBERLIN DEPOT - $22,439 AMHERST PROPERTIES - $65,094
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Wandtke Treasurer | 2 | $0 | |
Rebecca Kosman Trustee | 2 | $0 | |
Kevin Johnson Trustee | 2 | $0 | |
Eric C Nord President | 5 | $0 | |
Margaret Quinones Trustee | 2 | $0 | |
Lisa Berk Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Patterson Capital Corp | 12/30/22 | $99,599 |
Phillips Oppenheim | 12/30/22 | $88,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,000 |
| Interest on Savings | $353,732 |
| Dividends & Interest | $1,887,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,646,863 |
| Capital Gain Net Income | $4,646,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,937 |
| Total Revenue | $6,942,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $256,714 |
| Other employee salaries and wages | $347,717 |
| Pension plans, employee benefits | $209,780 |
| Interest | $0 |
| Taxes | $94,800 |
| Depreciation | $60,052 |
| Occupancy | $6,055 |
| Travel, conferences, and meetings | $123,714 |
| Printing and publications | $57 |
| Other expenses | $612,915 |
| Total operating and administrative expenses | $1,925,360 |
| Contributions, gifts, grants paid | $10,192,242 |
| Total expenses and disbursements | $12,117,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,814 |
| Savings and temporary cash investments | $427,240 |
| 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 | $3,977,870 |
| Other assets | $20,400 |
| Total assets | $186,955,615 |
| 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, Nord Family Foundation has awarded $10,192,242 in support to 335 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN-AFRICAN AMERICAN HISTORICAL SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
AMERICAN ACCOUNTABILITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
AMERICAN CINEMATHEQUE PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
AMHERST DOWNTOWN & BETTERMENT ASSOCIATION PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $35,000 |
ARRUPE JESUIT HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AVALON THEATRE PROJECT INC PURPOSE: GENERAL OPERATING SUPPORT | $500 |