Nelson G And Vera C Hicks Charitable Foundation
- Assets
- $2.4m
- Revenue
- $151.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 39-1582654
Organization Overview
Nelson G And Vera C Hicks Charitable Foundation is located in Madison, WI. The organization was established in 1987. 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. Nelson G And Vera C Hicks Charitable 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, Nelson G And Vera C Hicks Charitable Foundation generated $151.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $245.5k during the year ending 12/2023. While expenses have increased by 0.5% 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 2017, Nelson G And Vera C Hicks Charitable Foundation has awarded 275 individual grants totaling $1,540,500. 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 |
|---|---|---|---|
John Karsten President | 1 | $0 | |
Robert H Keller Vice President | 1 | $0 | |
Wilfred E Kinney Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $133,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,577 |
| Capital Gain Net Income | $18,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $903 |
| Total operating and administrative expenses | $5,454 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $245,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,300 |
| 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 | $404,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,414,488 |
| 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, Nelson G And Vera C Hicks Charitable Foundation has awarded $240,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
GATHERING SOURCE PURPOSE: GENERAL FUNDING | $5,000 |
ARTS FOR ALL WISCONSIN PURPOSE: GENERAL FUNDING | $2,000 |
BEAVER DAM FAMILY CENTER PURPOSE: MORTGAGE REDUCTION | $5,000 |
BEAVER DAM PUBLIC LIBRARY PURPOSE: GENERAL FUNDING | $5,000 |
BEAVER DAM HIGH SCHOOL PURPOSE: GENERAL FUNDING | $2,000 |
BEAVER DAM SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIP PROGRAMS | $12,500 |