Nicol Foundation
- Assets
- $22.5k
- Revenue
- $4.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Granite City, IL
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-1238677
Organization Overview
Nicol Foundation is located in Granite City, IL. The organization was established in 2014. 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. Nicol 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, Nicol Foundation generated $4.9k 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 (41.1%) each year. All expenses for the organization totaled $5.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (41.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DESIGNED BY THE NICOL FOUNDATION TO HONOR AMERICAN VETERANS & FIRST RESPONDERS. 14 REQUESTS FOR HONORARY BANNERS RECEIVED BY THE FOUNDATION DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Nicol President | 15 | $0 | |
John Carenza Director | 4 | $0 | |
Nancy Staten Vice President | 4 | $0 | |
Elizabeth Nicol Secretary | 4 | $0 | |
Adam Mongold Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,719 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$1,289 |
| Other Income | $462 |
| Total Revenue | $4,892 |
| 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 | $677 |
| Total operating and administrative expenses | $4,762 |
| Contributions, gifts, grants paid | $1,100 |
| Total expenses and disbursements | $5,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,497 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $22,497 |
| 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, Nicol Foundation has awarded $1,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANITE CITY CEO PURPOSE: TO TEACH ENTREPRENEURSHIP EDUCATION IN ORDER TO PREPARE PEOPLE, ESPECIALLY YOUTH, TO BE RESPONSIBLE, ENTERPRISING INDIVIDUALS WHO BECOME ENTREPRENEURS OR ENTREPRENEURIAL THINKERS AND CONTRIBUTE TO ECONOMIC DEVELOPMENT AND SUSTAINABLE COMMUNITIES. | $100 |
GRANITE CITY AREA COMMUNITY FOUNDATION PURPOSE: TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND ORGANIZATIONS TO SPONSOR SPECIAL PROJECTS THAT SUPPORT THE BETTERMENT OF THE AREA COMMUNITY. | $1,000 |