Frank C & Christel W Nichols Ch Fd
- Assets
- $4.7m
- Revenue
- $169.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 04-6007299
Organization Overview
Frank C & Christel W Nichols Ch Fd is located in Boston, MA. The organization was established in 1985. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank C & Christel W Nichols Ch Fd 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 12/2022, Frank C & Christel W Nichols Ch Fd generated $169.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $292.6k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
THIS IS A PERPETUAL CHARITABLE TRUST. THE BENEFICIARIES ARE PEABODY ESSEX MUSEUM, KINGS CHAPEL AND SALEM HOSPITAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $103,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,201 |
| Capital Gain Net Income | $16,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,918 |
| Total Revenue | $169,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,860 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,556 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $239 |
| Total operating and administrative expenses | $52,632 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $292,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $471,614 |
| 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 | $1,726,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,694,492 |
| 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, Frank C & Christel W Nichols Ch Fd has awarded $240,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KING'S CHAPEL PURPOSE: GENERAL PURPOSES | $40,000 |
PEABODY & ESSEX MUSEUM PURPOSE: GENERAL PURPOSES | $120,000 |
SALEM HOSPITAL PURPOSE: GENERAL PURPOSES | $80,000 |