Nichols Charitable Foundation
- Assets
- $8.9m
- Revenue
- $246.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-3740674
Organization Overview
Nichols Charitable Foundation is located in Topeka, KS. The organization was established in 2016. 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. Nichols 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, Nichols Charitable Foundation generated $246.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $245.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nichols Charitable Foundation has awarded 52 individual grants totaling $1,942,034. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max E Nichols President | 0 | $0 | |
Steve Clinkinbeard Treasurer | 0 | $0 | |
Erin P Nichols Director | 0 | $0 | |
Stan Andeel Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mindtap Consulting Inc | 12/30/23 | $3,551 |
Foulston Siefkin | 12/30/23 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $5,227 |
| Dividends & Interest | $197,868 |
| 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 | $0 |
| Other Income | $42,494 |
| Total Revenue | $246,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$342 |
| Total operating and administrative expenses | $53,721 |
| Contributions, gifts, grants paid | $191,300 |
| Total expenses and disbursements | $245,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,421 |
| 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 | $8,378,199 |
| Total assets | $8,895,620 |
| 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 | $504,532 |
| Total liabilities | $504,532 |
Grants Awarded
Over the last fiscal year, Nichols Charitable Foundation has awarded $191,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CITY OPERA PURPOSE: ARTS | $100,300 |
FRIENDS OF THE RGV REEF PURPOSE: ENVIRONMENTAL | $40,000 |
LOVEGRASS MUSIC FESTIVAL PURPOSE: ARTS | $1,000 |
SOUTH PADRE C OF C PURPOSE: CIVIC | $5,000 |
CENTRAL BAPTIST CHURCH PURPOSE: RELIGION | $45,000 |