Nicolas Fund For Education
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-4887611
Organization Overview
Nicolas Fund For Education is located in Bellevue, WA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicolas Fund For Education 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 12/2021, Nicolas Fund For Education generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $375.2k during the year ending 12/2021. While expenses have increased by 8.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR SCHOLARSHIP PROGRAM HELPS COMMUNITIES IN THE GUATEMALAN HIGHLANDS LIFT VULNERABLE CHILDREN AND THEIR COMMUNITIES OUT OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, TRANSPORTATION, UNIFORMS, AND SUPPLIES FOR 95 INDIGENOUS IXIL MAYAN CHILDREN TO GO TO JUNIOR AND SENIOR HIGH SCHOOL. NICOLAS CHRISTIAN SCHOOL PROVIDES HIGH QUALITY RIGOROUS EDUCATION IN CONFORMANCE WITH GUATEMALAN MINISTRY OF EDUCATION STANDARDS. THE NICOLAS FUND FOR EDUCATION PROVIDES SAFE TRANSPORTATION FOR STUDENTS FROM THEIR VILLAGE TO THE SCHOOL IN A NEARBY TOWN WHICH IS APPROXIMATELY 40 MINUTES AWAY AND BACK HOME AGAIN AT THE END OF THE DAY. THESE STUDENTS LIVE IN A REMOTE AGRICULTURAL REGION IN THE HIGHLANDS OF GUATEMALA WHERE MOST YOUNG PEOPLE DO NOT HAVE AN OPPORTUNITY TO RECEIVE HIGHER EDUCATION BEYOND THE SIXTH GRADE FOR FINANCIAL REASONS. DURING THE PANDEMIC, STUDENTS RECEIVED A HYBRID EDUCATION THAT COMBINED IN-PERSON LEARNING WHEN PERMITTED AND DIGITAL LEARNING WHEN SCHOOLS WERE CLOSED DUE TO THE PANDEMIC RESTRICTIONS.
PROVIDING ASSITANCE WITH BOOKS, MEDICAL TREATMENT, COMPUTER SUPPLIES. PROVIDING SCHOLARSHIPS TO GRADUATES TO ASSIST WITH FURTHER EDUCATION. DUE TO PANDEMIC RESTRICTIONS, THE ANNUAL TEACHER PROFESSIONAL DEVELOPMENT WORKSHOP WAS CANCELED. IT IS HOPED THAT THE WORKSHOP WILL RESUME AS SOON AS THE PANDEMIC PERMITS.
DISTANCE LEARNING TUTORING CHILDREN IN REMOTE VILLAGES, UNABLE TO GET TO THE SCHOOL DUE TO DISTANCE. TUTORING FUTURE STUDENTS TO PROVIDE THEM THE NEEDED SKILL TO ENTER THE SCHOOL, NOT PROVIDED BY THE PUBLIC EDUCATION SYSTEM THERE.
PROVIDED COVID FOOD RELEIF TO FAMILIES OF STUDENTS AND TEACHERS.PROVIDED TABLETS AND LAPTOPS TO ACCOMODATE COVID RESTRICTED LEARNING TECHNIQUES.WHEN PANDEMIC RESTRICTIONS ALLOW MISSION TEAM TRIPS EACH YEAR NFE PROVIDES THREE OPPORTUNITIES FOR INDIVIDUALS, FAMILIES, AND ESPECIALLY EDUCATORS TO PARTICIPATE ON MISSION TEAMS TO GUATEMALA. TWO TEAMS EACH YEAR SHARE EDUCATIONAL ENRICHMENT ACTIVITIES WITH THE JUNIOR AND SENIOR HIGH NFE STUDENTS AND STAFF, AS WELL PRIMARY SCHOOL EDUCATIONAL ENRICHMENT ACTIVITIES IN TWO SMALL VILLAGE PRIMARY SCHOOLS. THE THIRD TEAM OF THE YEAR ATTENDS THE GRADUATION OF THE NICOLAS CHRISTIAN SCHOOL STUDENTS. DURING EACH TRIP THE TEAM ALSO VISITS THE STUDENTS AND THEIR PARENTS IN THEIR COMMUNITIES TO BUILD RELATIONSHIPS, PRAY FOR AND ENCOURAGE THE FAMILIES AS WELL AS ADDRESS ANY QUESTIONS OR CONCERNS ABOUT THE NFE PROGRAM. THESE TRIPS IMPACT TEAM MEMBERS THROUGH RELATIONSHIPS FORMED WITH STUDENTS AND VILLAGE MEMBERS. IN 2020 AND 2021 THERE WAS ONLY ONE TRIP DUE TO COVID RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lolo Levy Treasurer | OfficerTrustee | 15 | $0 |
Rebecca Merritt Chairman | OfficerTrustee | 25 | $0 |
Bill Safstrom Vice President | Trustee | 20 | $0 |
Kathy Riper Director | Trustee | 15 | $0 |
Carrie Nordburg Secretary | Trustee | 3 | $0 |
Al Lopus Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,226,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,989 |
| Total Program Service Revenue | $0 |
| Investment income | $14,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $328,439 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,805 |
| Advertising and promotion | $228 |
| Office expenses | $7,351 |
| Information technology | $11,407 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,014 |
| All other expenses | $4,283 |
| Total functional expenses | $375,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,754 |
| Savings and temporary cash investments | $264,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $986,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,505,432 |
| Accounts payable and accrued expenses | $602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $602 |
| Net assets without donor restrictions | $359,230 |
| Net assets with donor restrictions | $1,145,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,505,432 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nicolas Fund For Education has recieved totaling $389,147.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $358,107 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,040 |
His Foundation Mercer Island, WA PURPOSE: CHARITY CONTRIBUTION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |