Robert J And Mertis H Nolt Foundation
- Assets
- $264.5k
- Revenue
- $22.9k
- Investments
- $257.5k
- Employees
- 0
- Location
- Chico, CA
- Founding
- 02/2003
- Data as of
- 09/2023
- EIN
- 94-3376583
Organization Overview
Robert J And Mertis H Nolt Foundation is located in Chico, CA. The organization was established in 2003. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert J And Mertis H Nolt 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 09/2023, Robert J And Mertis H Nolt Foundation generated $22.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $11.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Zorbas President | 1 | $0 | |
Dorene Dobbins Secretary | 0 | $0 | |
John Zorbas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,469 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,757 |
| Total Revenue | $22,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $130 |
| Total operating and administrative expenses | $816 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $11,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,490 |
| Savings and temporary cash investments | $462 |
| 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 | $257,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $264,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $35,441 |
| Total liabilities | $36,441 |
Grants Awarded
Over the last fiscal year, Robert J And Mertis H Nolt Foundation has awarded $11,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S RESOURCE CLINIC PURPOSE: SAFE PREGNANCY WOMEN'S HEALTH | $750 |
AMERICAN FRRME PURPOSE: CHRISTIAN RELIEF AND EVANGELISM | $250 |
CHURCH OF GLAD TIDINGS PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $3,500 |
DEREK PRINCE MINISTRIES PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $500 |
EVANGELICAL FREE CHURCH OF CHICO PURPOSE: CHRISIAN MINISTRY AND EVANGELISM | $2,500 |
GLOBAL OUTREACH INTERNATIONAL PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $1,200 |