Ab Nicholas Scholarship Foundation
- Assets
- $58.8m
- Revenue
- $6.0m
- Investments
- $50.7m
- Employees
- 0
- Location
- Mequon, WI
- Founding
- 09/2012
- Data as of
- 09/2022
- EIN
- 46-6194488
Organization Overview
Ab Nicholas Scholarship Foundation is located in Mequon, WI. 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. Ab Nicholas Scholarship 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 09/2022, Ab Nicholas Scholarship Foundation generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $3.3m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ab Nicholas Scholarship Foundation has awarded 2,556 individual grants totaling $20,159,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn S Nicholas Trustee | 20 | $120,000 | |
David O Nicholas Trustee | 0 | $0 | |
Susan Nicholas Fasciano Trustee | 0 | $0 | |
Nancy J Nicholas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,993 |
| Dividends & Interest | $1,084,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,939,143 |
| Capital Gain Net Income | $4,939,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,249 |
| Total Revenue | $6,013,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $20,000 |
| Pension plans, employee benefits | $10,710 |
| Interest | $0 |
| Taxes | $36,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,413 |
| Total operating and administrative expenses | $206,912 |
| Contributions, gifts, grants paid | $3,047,500 |
| Total expenses and disbursements | $3,254,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $829,840 |
| Savings and temporary cash investments | $7,266,540 |
| 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 | $44,767,122 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $58,753,687 |
| Accounts payable and accrued expenses | $17,123 |
| 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 | $17,123 |
Grants Awarded
Over the last fiscal year, Ab Nicholas Scholarship Foundation has awarded $3,242,500 in support to 400 organizations.
| Grant Recipient | Amount |
|---|---|
ABBI SITTE PURPOSE: UNIVERSITY OF WISCONSIN - MILWAUKEE COLLEGE SCHOLARSHIP | $10,000 |
ABBIGAYLE SPENCER PURPOSE: UNIVERSITY OF WISCONSIN - LA CROSSE COLLEGE SCHOLARSHIP | $10,000 |
ABRIANA BROWN PURPOSE: UNIVERSITY OF WISCONSIN - MADISON COLLEGE SCHOLARSHIP | $10,000 |
ADAM SCHAEFER PURPOSE: UNIVERSITY OF WISCONSIN - MADISON COLLEGE SCHOLARSHIP | $10,000 |
ALAYNA CULVER PURPOSE: UNIVERSITY OF WISCONSIN - OSHKOSH COLLEGE SCHOLARSHIP | $10,000 |
ALEXIS WIELEPSKI PURPOSE: UNIVERSITY OF WISCONSIN - LA CROSSE COLLEGE SCHOLARSHIP | $10,000 |