The Stiles-Nicholson Foundation
- Assets
- $45.7m
- Revenue
- $4.4m
- Investments
- $45.2m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 65-6103072
Organization Overview
The Stiles-Nicholson Foundation is located in Jupiter, FL. The organization was established in 1993. 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. Stiles-Nicholson 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, Stiles-Nicholson Foundation generated $4.4m 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 (3.7%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION DISTRIBUTED 3,595,743 TO VARIOUS EDUCATIONAL AND RESEARCH INSTITUTIONS AND ORGANIZATIONS. THE NUMBER OF ORGANIZATIONS AND OTHER BENEFICIARIES SERVED - 34.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Js Nicholson Trustee | 20 | $0 | |
C Lynn Nicholson Trustee | 4 | $0 | |
Leeanne S Labanz Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,328 |
| Dividends & Interest | $1,256,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,132,545 |
| Capital Gain Net Income | $3,132,545 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$47,151 |
| Total Revenue | $4,362,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $290,926 |
| Total operating and administrative expenses | $441,103 |
| Contributions, gifts, grants paid | $3,595,743 |
| Total expenses and disbursements | $4,036,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,628 |
| 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 | $45,157,092 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $117,596 |
| Total assets | $45,696,316 |
| 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, The Stiles-Nicholson Foundation has awarded $1,599,920 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $1,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $66,000 |
AMERICAN HEART ASSOCIATION NATIONAL CENTER PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $1,000 |
BUCKNELL UNIVERSITY PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $10,000 |
CITIZENS AGAINST GOVERNMENT WASTE PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $25,000 |
CATO INSTITUTE PURPOSE: FOR THE BENEFIT OF THE QUALIFIED CHARITY IN ACCORDANCE WITH ARTICLE 1 OF THE TRUST AGREEMENT | $10,000 |