Henry T Nicholas Education Foundation Inc
- Assets
- $729.4k
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Ana, CA
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-1212858
Organization Overview
Henry T Nicholas Education Foundation Inc is located in Santa Ana, CA. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Henry T Nicholas Education Foundation 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 12/2022, Henry T Nicholas Education Foundation Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $7.0m during the year ending 12/2022. While expenses have increased by 16.2% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CURRENTLY OPERATES THREE FACILITIES IN SANTA ANA THAT PROVIDE TUTORIAL AND MENTORING SERVICES TO ADOLESCENTS, TYPICALLY AGES 14-19 THAT ATTEND HIGH SCHOOL IN THE SANTA ANA UNIFIED SCHOOL DISTRICT AND SURROUNDING DISTRICTS. THE PROGRAM ASSISTS PARTICIPANTS IN DEVELOPING NECESSARY SKILLS TO INCREASE THE QUALITY OF THEIR ACADEMIC PERFORMANCE, TO GAIN ADMISSION AND GRADUATE FROM INSTITUTIONS OF HIGHER LEARNING, TO EARN SCHOLARSHIPS AND GRANTS, AND TO LEAD ACTIVE AND SUCCESSFUL LIVES IN PURSUIT OF THEIR CHOSEN FIELDS OR PROFESSIONS. ACTIVITIES INCLUDE TUTORING IN HIGH SCHOOL CURRICULUM AND JOB INTERESTS, COUNSELING TO HELP RESOLVE FAMILY AND COMMUNITY ISSUES AND CONFLICTS, CULTURAL ENRICHMENT PROGRAMS, PREPARATORY TRAINING FOR PART-TIME JOBS, COLLEGE APPLICATION AND ENTRANCE EXAMS, WITH A FOCUS ON KEEPING THESE TEENAGERS INTERESTED AND ACTIVE IN A COLLEGE EDUCATION AND CURRICULUM. THE CENTERS CURRENTLY SERVE APPROXIMATELY 415 STUDENTS MONDAY THROUGH FRIDAY AND SUPPORTS AN ADD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Jackman Director | 0.5 | $0 | |
Earl Fuller Director | 0.5 | $0 | |
Alexis Rodriguez Director | 0.5 | $0 | |
Ida Oropeza-Zepeda Director | 0.5 | $0 | |
Hugo Gutierrez CFO | 40 | $100,892 | |
Rosa E Diaz Executive Dir. | 50 | $144,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,232,420 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $564,900 |
| Total Revenue | $6,797,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $245,551 |
| Other employee salaries and wages | $2,200,483 |
| Pension plans, employee benefits | $0 |
| Interest | $2,659 |
| Taxes | $191,525 |
| Depreciation | $48,800 |
| Occupancy | $178,383 |
| Travel, conferences, and meetings | $22,919 |
| Printing and publications | $0 |
| Other expenses | $1,904,168 |
| Total operating and administrative expenses | $4,866,428 |
| Contributions, gifts, grants paid | $2,153,086 |
| Total expenses and disbursements | $7,019,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,624 |
| Savings and temporary cash investments | $1,540 |
| Net Accounts receivable | $323,325 |
| 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 | $29,989 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $75,840 |
| Other assets | $235,051 |
| Total assets | $729,369 |
| Accounts payable and accrued expenses | $272,872 |
| 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 | $190,150 |
| Total liabilities | $463,022 |