Nicklas Family Foundation
- Assets
- $3.6m
- Revenue
- $120.5k
- Investments
- $3.6m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 13-3942200
Organization Overview
Nicklas Family Foundation is located in Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Nicklas 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 12/2023, Nicklas Family Foundation generated $120.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (31.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nicklas Family Foundation has awarded 59 individual grants totaling $1,651,400. 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
FOUNDATION MAKES CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS SELECTED BY THE DIRECTOR OF THE FOUNDATION. ITS PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO OTHER NON PROFIT ORGANIZATIONS. DISTRIBUTIONS ARE MADE IN ORDER TO SATISFY THE REQUIREMENTS OF IRC SECTION 4942. IN ADDITION, THE TRUSTEE MAY MAKE DISTRIBUTIONS IN EXCESS OF THOSE REQUIRED BY SECTION 4942 FROM TIME TO TIME.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,409 |
| Capital Gain Net Income | $69,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,158 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,439 |
| Savings and temporary cash investments | $0 |
| 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 | $179 |
| 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 | $3,590,240 |
| 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, Nicklas Family Foundation has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD HOOVER INSTITUTION PURPOSE: PROVIDE FINANCIAL SUPPORT TO STANFORD HOOVER INSTITUTION | $25,000 |
AMERICAN ENTERPRISE INSTITUTION PURPOSE: PROVIDE FINANCIAL SUPPORT TO AMERICAN ENTERPRISE INSTITUTION | $50,000 |
STANFORD GRADUATE BUSINESS SCHOOL PURPOSE: PROVIDE FINANCIAL SUPPORT TO STANFORD GRADUATE BUSINESS SCHOOL | $25,000 |