Grace Nixon Foundation
- Assets
- $8.6m
- Revenue
- $564.5k
- Investments
- $8.1m
- Employees
- 0
- Location
- Walnut Creek, CA
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 31-1570577
Organization Overview
Grace Nixon Foundation is located in Walnut Creek, CA. The organization was established in 1997. 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. Grace Nixon 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, Grace Nixon Foundation generated $564.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $574.4k during the year ending 12/2023. While expenses have increased by 53.6% per year over the past 8 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, Grace Nixon Foundation has awarded 161 individual grants totaling $1,786,989. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Ohye Director | 1 | $0 | |
Robert K Taylor Treasurer | 1 | $0 | |
Anthony Kim Vice President | 1 | $0 | |
J Dennis Mcquaid Secretary | 1 | $0 | |
Michael H White President | 1 | $0 | |
Jill Arakawa Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,534 |
| Interest on Savings | $5 |
| Dividends & Interest | $329,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,232 |
| Capital Gain Net Income | $75,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,989 |
| Total Revenue | $564,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,519 |
| Printing and publications | $0 |
| Other expenses | $3,455 |
| Total operating and administrative expenses | $159,408 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $574,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,251 |
| Savings and temporary cash investments | $362,023 |
| 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 | $8,554,993 |
| 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, Grace Nixon Foundation has awarded $415,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
NIKKEI SENIOR GARDENS PURPOSE: GENERAL SUPPORT | $20,000 |
ZOE INTERNATIONAL MINISTRIES PURPOSE: GENERAL SUPPORT | $54,700 |
CROSSWAY CHURCH PURPOSE: GENERAL SUPPORT | $46,000 |
JEMS PURPOSE: GENERAL SUPPORT | $34,000 |
FRED KOREMATSU INSTITUTE PURPOSE: GENERAL SUPPORT | $5,000 |
THE LIGHTHOUSE - A PLACE OF REFUGE PURPOSE: GENERAL SUPPORT | $2,000 |