Nickless Family Charitable Foundation
- Assets
- $10.5m
- Revenue
- $436.9k
- Investments
- $10.3m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 38-3501091
Organization Overview
Nickless Family Charitable Foundation is located in Saginaw, MI. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Nickless Family Charitable 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 12/2023, Nickless Family Charitable Foundation generated $436.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $841.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nickless Family Charitable Foundation has awarded 253 individual grants totaling $5,188,135. 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 |
|---|---|---|---|
Judith N Graham Secretary | 1 | $0 | |
Joan N Tankersley Vice President | 1 | $0 | |
Janet N Royce President | 2 | $0 | |
Stephen Tankersley Treasurer | 0.25 | $0 | |
Tri-Star Trust Bank Trustee | 20 | $0 | |
Peter Tankersley Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $261,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,563 |
| Capital Gain Net Income | $175,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $436,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,756 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,365 |
| Printing and publications | $0 |
| Other expenses | $48,823 |
| Total operating and administrative expenses | $225,146 |
| Contributions, gifts, grants paid | $616,063 |
| Total expenses and disbursements | $841,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,630 |
| 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 | $2,743,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,502,488 |
| 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, Nickless Family Charitable Foundation has awarded $616,063 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVES PURPOSE: PEACE AMBASSADOR PROGRAM EXPANSION | $75,000 |
BAY AREA COMMUNITY FOUNDATION PURPOSE: GRANT FOR SCHOLARSHIPS FOR WASHINGTON SCHOOL FAMILIES GOING TO COLLEGE | $10,000 |
BAY AREA COMMUNITY FOUNDATION PURPOSE: CREATION OF THE TIM MARCINIAK SCHOLARSHIP FUND | $20,000 |
BAY CITY CENTRAL HIGH SCHOOL PURPOSE: PROGRAM GRANTS FOR CENTRAL HIGH SCHOOL | $32,000 |
BAY CITY CENTRAL HIGH SCHOOL PURPOSE: CHRISTMAS GIFT BASKETS FOR NEEDY STUDENTS | $4,350 |
BOYS AND GIRLS CLUB OF NORTH LAKE TAHOE PURPOSE: IN SUPPORT OF STAFF NEEDS, FOOD OVERAGES, AND TRANSPORTATION | $80,000 |