Robert J And Mertis H Nolt Foundation
- Assets
- $218.6k
- Revenue
- $23.2k
- Investments
- $205.6k
- Employees
- 0
- Location
- Chico, CA
- Founding
- 02/2003
- Data as of
- 09/2021
- 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 09/2021, Robert J And Mertis H Nolt Foundation generated $23.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $10.4k during the year ending 09/2021. 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 |
|---|---|---|---|
Dorene Dobbins Secretary | 0 | $0 | |
Karen Zorbas President | 1 | $0 | |
John Zorbas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $2,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,678 |
| Capital Gain Net Income | $20,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142 |
| Total operating and administrative expenses | $411 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,369 |
| Savings and temporary cash investments | $10,661 |
| 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 | $205,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,609 |
| 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 $10,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Chico, CA PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $3,500 |
MISSION AVIATION FELLOWSHIP PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $1,800 |
Oakland, CA PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $1,000 |
Tupelo, MS PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $900 |
DEREK PRINCE MINISTRIES PURPOSE: CHRISTIAN MINISTRY AND EVANGELISM | $500 |
Boone, NC PURPOSE: CHRISTIAN MINISTRY & RELIEF | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |
Masters Academy International Inc Sun Valley, CA | $13,685,330 | $10,175,321 |
Society For Christian Instruction Ripon, CA | $27,201,760 | $9,423,324 |
Village Missions Dallas, OR | $5,481,807 | $8,833,787 |
Path Of Life Ministries Riverside, CA | $2,263,670 | $6,512,094 |
Reasons To Believe Covina, CA | $11,307,882 | $5,805,662 |
Priority Living Inc Corona, CA | $3,682,514 | $6,284,416 |
Global Training Network Inc Peoria, AZ | $3,445,890 | $6,634,687 |
Desert Trails Inc Adelanto, CA | $15,530,749 | $7,542,777 |
New Generations Los Altos, CA | $5,470,778 | $6,966,320 |
Langham Partnership Usa Inc Nfp Cave Creek, AZ | $4,743,435 | $6,322,505 |