Jean Nichols Charitable Trust
- Assets
- $785.9k
- Revenue
- $129.8k
- Investments
- $674.2k
- Employees
- 0
- Location
- Sudbury, MA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 22-2882527
Organization Overview
Jean Nichols Charitable Trust is located in Sudbury, MA. The organization was established in 0000. 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. Jean Nichols Charitable Trust 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, Jean Nichols Charitable Trust generated $129.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $45.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jean Nichols Charitable Trust has awarded 78 individual grants totaling $253,824. 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
PROJECT PLACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Nichols II Trustee | 0 | $0 | |
Arthur A Nichols Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,982 |
| Capital Gain Net Income | $101,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $4,952 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $44,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,725 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $785,888 |
| 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, Jean Nichols Charitable Trust has awarded $40,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: CHARITABLE | $1,250 |
DUFFY HEALTH CENTER PURPOSE: CHARITABLE | $10,000 |
LEND A HAND SOCIETY PURPOSE: CHARITABLE | $1,000 |
NEW ENGLAND CENTER & HOME FOR VETERANS PURPOSE: CHARITABLE | $1,000 |
HOME FOR OUR TROOPS PURPOSE: CHARITABLE | $1,000 |
CHASE RAUCHLE PTSD NOW PURPOSE: CHARITABLE | $1,000 |