Nick Norris Memorial Foundation
- Assets
- $72.3k
- Revenue
- $3.1k
- Investments
- $67.2k
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 42-6083955
Organization Overview
Nick Norris Memorial Foundation is located in Marshalltown, IA. The organization was established in 1967. 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. Nick Norris Memorial 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, Nick Norris Memorial Foundation generated $3.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS, GRANTS AND FUNDS FOR COMMUNITY AND EDUCATIONAL PURPOSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $224 |
| Dividends & Interest | $1,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,025 |
| Capital Gain Net Income | $1,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $770 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $307 |
| Total operating and administrative expenses | $1,927 |
| Contributions, gifts, grants paid | $4,474 |
| Total expenses and disbursements | $6,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,113 |
| 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 | $36 |
| Total assets | $72,300 |
| 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, Nick Norris Memorial Foundation has awarded $4,474 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHALLTOWN HERITAGE CLUB PURPOSE: GRANT | $1,019 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: SCHOLARSHIP GRANT | $455 |
CENTRAL COLLEGE PURPOSE: SCHOLARSHIP GRANT | $3,000 |