Nichols Company Charitable Trust
- Assets
- $3.2m
- Revenue
- $162.3k
- Investments
- $2.6m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 09/1953
- Data as of
- 12/2023
- EIN
- 44-6015538
Organization Overview
Nichols Company Charitable Trust is located in Kansas City, MO. The organization was established in 1953. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nichols Company Charitable Trust 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, Nichols Company Charitable Trust generated $162.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $179.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nichols Company Charitable Trust has awarded 78 individual grants totaling $657,055. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Harris President | 0.5 | $0 | |
Breana Grosz Vice President & Secretary | 2 | $0 | |
Stacey Kirby Treasurer | 1 | $0 | |
Eric Caudill Director | 0.5 | $0 | |
Michele L Walton Director | 0.5 | $0 | |
Benjamin Meeker Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,749 |
| Capital Gain Net Income | $71,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,100 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $179,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,367 |
| Savings and temporary cash investments | $0 |
| 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 | $4,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,188,423 |
| 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, Nichols Company Charitable Trust has awarded $160,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |
BOYS & GIRLS CLUBS OF GREATER KC PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |
THE FARMER'S HOUSE PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |
GIVING THE BASICS INC PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |
HARVESTERS THE COMMUNITY FOOD NETWORK PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |
HOPE FAITH MINISTRIES PURPOSE: GENERAL OPERAING SUPPORT - CIVIC | $5,000 |