Nicoli Foundation
- Assets
- $1.3m
- Revenue
- $486.6k
- Investments
- $931.8k
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- 02/1996
- Data as of
- 08/2023
- EIN
- 93-1191224
Organization Overview
Nicoli Foundation is located in Lake Oswego, OR. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Nicoli 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 08/2023, Nicoli Foundation generated $486.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $364.0k during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES THE TIGARD FESTIVAL OF BALLOONS, A FAMILY ORIENTED COMMUNITY FESTIVAL STRUCTURED TO PROVIDE FUNDRAISING OPPORTUNITIES FOR LOCAL NON-PROFIT ORGANIZATIONS WHILE CELEBRATING THE CITY OF TIGARD COMMUNITY.
THE FOUNDATION SUPPORTS TIGARD HIGH SCHOOL ATHLETICS THROUGH THE PURCHASE OF ATHLETIC EQUIPMENT, TRAVEL REIMBURSEMENT AND FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Nicoli Pres/sec | 2 | $0 | |
Stephanie Nanna VP | 1 | $0 | |
Shay Nanna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,309 |
| Interest on Savings | $12 |
| Dividends & Interest | $27,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,168 |
| Capital Gain Net Income | $21,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $392,718 |
| Total Revenue | $486,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,193 |
| Depreciation | $0 |
| Occupancy | $2,412 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,413 |
| Total operating and administrative expenses | $358,327 |
| Contributions, gifts, grants paid | $5,695 |
| Total expenses and disbursements | $364,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $406,294 |
| 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 | $1,338,106 |
| 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, Nicoli Foundation has awarded $5,695 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TIGARD HIGH BAND BOOSTERS PURPOSE: TO SUPPORT THS BAND. | $3,316 |
TIGARD CERT PURPOSE: GENERAL SUPPORT | $18 |
THE FOUNDATION FOR TIGARD-TUALATIN SCHOOLS PURPOSE: GENERAL SUPPORT | $2,073 |
TIGARD BOOSTERS CLUB INC PURPOSE: GENERAL SUPPORT | $192 |
BETHLEHEM HOUSE OF BREAD PURPOSE: GENERAL SUPPORT | $36 |
TUALATIN HIGH SCHOOL ATHLETIC BOOSTER CLUB PURPOSE: GENERAL SUPPORT | $60 |