Nimick Forbesway Foundation
- Assets
- $20.4m
- Revenue
- $1.7m
- Investments
- $20.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 25-1597437
Organization Overview
Nimick Forbesway Foundation is located in Pittsburgh, PA. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nimick Forbesway 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 06/2022, Nimick Forbesway Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nimick Forbesway Foundation has awarded 202 individual grants totaling $8,757,674. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE NIMICK FORBESWAY FOUNDATION IS TO BETTER THE HUMAN CONDITION IN THE FIELDS OF RELIGION, EDUCATION, HEALTHCARE, THE ARTS AND THE ENVIRONMENT, IN A MANNER CONSISTENT WITH THE PHILANTHROPIC PRINCIPLES OF TWO PROGENITORS OF THE NIMICK FAMILY: THOMAS MARSHALL HOWE AND CHARLES LOCKHART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hayley Little Executive Director | 20 | $76,000 | |
Kimberly H Tilghman Trustee | 1 | $20,000 | |
Charles Lh Nimick Director/chairman | 2 | $0 | |
Victoria Nimick Enright Director/vice-Chairman | 0.5 | $0 | |
William C Austin Trustee | 0.5 | $0 | |
Cathleen Lockhart Nimick Director/vice-Chairman | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buchanan Ingersoll Rooney Pc | 6/29/19 | $54,522 |
Pnc Bank Na Hawthorn | 6/29/19 | $72,979 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93,124 |
| Dividends & Interest | $515,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,128,054 |
| Capital Gain Net Income | $1,128,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,736,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,857 |
| Printing and publications | $0 |
| Other expenses | $9,110 |
| Total operating and administrative expenses | $304,359 |
| Contributions, gifts, grants paid | $1,305,000 |
| Total expenses and disbursements | $1,609,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,551 |
| 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 | $20,395,819 |
| Accounts payable and accrued expenses | $694 |
| 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 | $694 |
Grants Awarded
Over the last fiscal year, Nimick Forbesway Foundation has awarded $1,305,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON UNIVERSITY SCHOOL OF LAW PURPOSE: NIMICK FORBESWAY FOUNDATION FELLOWSHIP PROGRAM | $200,000 |
CARNEGIE MUSEUM OF NATURAL HISTORY PURPOSE: POWDERMILL NATURE RESERVE CAPIAL CAMPAIGN | $100,000 |
SENATOR JOHN HEINZ HISTORY CENTER PURPOSE: AMERICA 101: CIVIC KNOWLEDGE IN ACTION | $100,000 |
Mount Vernon, VA PURPOSE: NEW MUSEUM EXHIBIT: BECOMING MOUNT VERNON | $100,000 |
Arlington, VA PURPOSE: WALLACEA REGION OF INDONESIA COASTAL AND MARINE ECOSYSTEMS | $50,000 |
Madison, WI PURPOSE: FORDEM AVENUE RENOVATION PROJECT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |