Nicholas County Communityfoundation Inc
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Summersville, WV
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 20-5799430
Organization Overview
Nicholas County Communityfoundation Inc is located in Summersville, WV. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, 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. Nicholas County Communityfoundation Inc 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, Nicholas County Communityfoundation Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $294.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A COMMUNITY FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A CHARITABLE COMMUNITY FOUNDATION IN THE NICHOLAS COUNTY WV AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Mullins Executive Director | Officer | 20 | $33,073 |
Barbara Lerose Director | Trustee | 4 | $0 |
Benjean Rapp Director | Trustee | 4 | $0 |
Gregory Sproles Director | Trustee | 4 | $0 |
John Mark Walkup Director | Trustee | 4 | $0 |
Jay Borrell Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,008 |
| Total Program Service Revenue | $0 |
| Investment income | $823,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,324,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,760 |
| Grants and other assistance to domestic individuals. | $42,663 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,072 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,830 |
| Advertising and promotion | $7,310 |
| Office expenses | $6,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,959 |
| All other expenses | $0 |
| Total functional expenses | $293,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,383,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $6,383,565 |
| Accounts payable and accrued expenses | $9,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $508,905 |
| Total liabilities | $518,423 |
| Net assets without donor restrictions | $143,462 |
| Net assets with donor restrictions | $5,721,680 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,383,565 |
Grants Awarded
Over the last fiscal year, Nicholas County Communityfoundation Inc has awarded $0 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN OAKS FOUNDATION | | | $0 |
CRAIGSVILLE PUBLIC LIBRARY | | | $0 |
NICHOLAS OLD MAIN FOUNDATION | | | $0 |
SUMMERSVILLE CHRISTMAS STORE | | | $0 |
NICHOLAS CO BOARD OF EDUCATION | | | $0 |
BREAD OF LIFE FOOD PANTRY INC | | | $0 |