Walter C Nugent Foundation
- Assets
- $434.9k
- Revenue
- $19.3k
- Investments
- $415.2k
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 01/1962
- Data as of
- 12/2023
- EIN
- 35-6042114
Organization Overview
Walter C Nugent Foundation is located in Columbus, IN. The organization was established in 1962. 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. Walter C Nugent 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, Walter C Nugent Foundation generated $19.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $31.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walter C Nugent Foundation has awarded 23 individual grants totaling $165,257. 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
DIRECT SUPPORT OF VARIOUS ORGANIZED CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Weaver Director | 2 | $50 | |
Sam Pentzer Vice President | 2 | $50 | |
Diane Bradley Director | 2 | $50 | |
Steve Carothers Director | 2 | $50 | |
James W Holland Secretary | 2 | $50 | |
Seth A Keele Director | 2 | $50 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $623 |
| Dividends & Interest | $11,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,809 |
| Capital Gain Net Income | $6,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $1,206 |
| Total operating and administrative expenses | $6,089 |
| Contributions, gifts, grants paid | $25,800 |
| Total expenses and disbursements | $31,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592 |
| Savings and temporary cash investments | $19,087 |
| 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 | $434,892 |
| 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, Walter C Nugent Foundation has awarded $25,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IU SCHOOL OF MEDICINE PURPOSE: UNRESTRICTED CHARITABLE | $8,800 |
GLEANERS FOODBANK OF INDIANA PURPOSE: UNRESTRICTED CHARITABLE | $6,000 |
COLUMBUS SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED CHARITABLE | $8,000 |
INDIANAPOLIS SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED CHARITABLE | $3,000 |