Nicholson Family Foundation
- Assets
- $6.6m
- Revenue
- $500.4k
- Investments
- $6.3m
- Employees
- 0
- Location
- Aptos, CA
- Founding
- 02/1997
- Data as of
- 05/2023
- EIN
- 77-0444787
Organization Overview
Nicholson Family Foundation is located in Aptos, CA. The organization was established in 1997. 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. Nicholson Family 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 05/2023, Nicholson Family Foundation generated $500.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $424.8k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Nicholson Family Foundation has awarded 95 individual grants totaling $672,600. 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
GEORGE MARK CHILDREN'S HOUSE - THIS YEAR,OUR GRANT OF $50,000 WENT TOWARDS OPERATIONAL SUPPORT FOR GEORGE MARK CHILDREN'S HOUSE; A FREESTANDING PEDIATRIC HOSPICE AND PALLIATIVE CARE FACILITY FOR CHILDREN AND THEIR FAMILIES.
COASTAL KIDS HOME CARE - THE FINAL INSTALLMENT OF A SOCIAL SERVICE FOCUSED MULTI-YEAR GRANT OVER THREE YEARS TO TOTAL $30,000. THEY MEET UNIQUE NEEDS OF MEDICALLY FRAGILE CHILDREN IN THE COMFORT OF THEIR HOME WITH MEDICAL AID, TRANSPORT ASSISTANCE, AS WELL AS PATIENT AND FAMILY SUPPORT.
DIGITAL NEST - THE FIRST INSTALLMENT OF AN EDUCATION FOCUSED MULTI-YEAR GRANT. THEY CREATE SUSTAINABLE AND SCALABLE TECHNOLOGY LEARNING CENTERS FOR LATINX YOUTH TO PROVIDE THE SKILLS, NETWORK, AND RESOURCES TO FOSTER ECONOMIC EQUALITY.
OAKLAND LEAF - THE FIRST INSTALLMENT OF AN EDUCATION FOCUSED MULTI-YEAR GRANT. THEY SERVE MORE THAN 800 STUDENTS ANNUALLY THROUGH DAILY AFTERSCHOOL PROGRAMMING AT SEVEN HIGH-NEED EAST OAKLAND ELEMENTARY AND MIDDLE SCHOOLS, PAID INTERNSHIP PROGRAMS FOR HIGH SCHOOL STUDENTS, AND A SUMMER CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Nicholson President | 3 | $0 | |
Martha Mcaliister Secretary/vice President | 1 | $0 | |
Kathleen Hull Director | 1 | $0 | |
John Nicholson Director | 1 | $0 | |
Kelsey Nicholson Director | 20 | $0 | |
Brenda Nicholson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,444 |
| Interest on Savings | $253,669 |
| Dividends & Interest | $74,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,405 |
| Capital Gain Net Income | $163,405 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $41,858 |
| Pension plans, employee benefits | $512 |
| Interest | $0 |
| Taxes | $14,591 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,415 |
| Total operating and administrative expenses | $98,752 |
| Contributions, gifts, grants paid | $326,050 |
| Total expenses and disbursements | $424,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,791 |
| Savings and temporary cash investments | $6,491 |
| 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 | $6,329,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,625,512 |
| 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, Nicholson Family Foundation has awarded $326,050 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
BAYCAT PURPOSE: GENERAL OPERATING EXPENSES. ARTS & EDUCATION PROGRAMS. | $5,000 |
BE A MENTOR INC PURPOSE: GENERAL OPERATING EXPENSES. SOCIAL & EDUCATION PROGRAMS. | $5,000 |
BERKELEY ARTS CENTER PURPOSE: GENERAL OPERATING EXPENSES. MULTI-YEAR GRANT. ARTS PROGRAMS. | $10,000 |
BEYOND EMANCIPATION PURPOSE: GENERAL OPERATING EXPENSES. MULTI-YEAR GRANT. SUPPORTIVE PROGRAM FOR TRANSITIONING FROM FOSTER CARE YOUTH. | $10,000 |
BOYS & GIRLS CLUB COASTSIDE PURPOSE: GENERAL OPERATING EXPENSES. SOCIAL & EDUCATION AFTERNOON PROGRAMS. | $5,000 |
BUILDING FOR GENERATIONS PURPOSE: GENERAL OPERATING EXPENSES. MULTI-YEAR GRANT. EDUCATIONAL ENRICHMENT FOR DISABLED YOUTH. | $6,550 |