Nutter Family Foundation For Education
- Assets
- $1.5m
- Revenue
- -$25.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 08/2012
- Data as of
- 04/2023
- EIN
- 45-6951338
Organization Overview
Nutter Family Foundation For Education is located in Jacksonville, FL. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nutter Family Foundation For Education 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 04/2023, Nutter Family Foundation For Education generated -$25.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $426.7k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nutter Family Foundation For Education has awarded 112 individual grants totaling $2,858,926. 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 |
|---|---|---|---|
W Lee Nutter Trustee | 0 | $0 | |
Darlene A Nutter Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,097 |
| Dividends & Interest | $56,134 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,892 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$45,958 |
| Total Revenue | -$25,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $364 |
| Total operating and administrative expenses | $364 |
| Contributions, gifts, grants paid | $426,325 |
| Total expenses and disbursements | $426,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,438 |
| 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 | $411,331 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,150 |
| Total assets | $1,525,246 |
| 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, Nutter Family Foundation For Education has awarded $426,325 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSONVILLE SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT OF SYMPHONY | $30,000 |
CATHEDRAL ARTS PROJECT PURPOSE: ARTS EDUCATION | $10,000 |
DREAMS COME TRUE PURPOSE: TO PROVIDE SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES | $5,000 |
MACIE ELLIOTT PURPOSE: EDUCATION EXPENSES | $7,000 |
NAI'A FREEMAN PURPOSE: EDUCATION EXPENSES | $7,000 |
LOWER COLUMBIA COLLEGE FOUNDATION PURPOSE: EDUCATION | $10,000 |