Nicolas Fund For Education
- Assets
- $1.5m
- Revenue
- $623.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 02/2013
- Data as of
- 12/2023
- 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 12/2023, Nicolas Fund For Education generated $623.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING MAYAN YOUR TO BREAK THE GENERATIONAL CYCLE OF POVERTY IN THE IXIL REGION OF GUATEMALA THROUGH CHRIST-CENTERED EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED CONSTRUCTION OF A NEW SCHOOL BUILDING BY AN OUTSIDE FIRM. CURRENTLY THEY ARE COMPLETING A SCHOOL WHICH CAN ACCOMODATE UP TO 300 STUDENTS AND STUDENTS WILL BEGIN CLASSES IN 2025. THE SCHOOL FEATURES A COMPUTER LAB AND TECHNICAL CLASSROOMS.
IN 2023 THE SCHOOL HAD 143 STUDENTS 25 STUDENTS GRADUATED FROM NICOLS CHRISTIAN SCHOOL'S HIGH SCHOOL AND 23 STUDENTS GRADUATED FROM OUR JUNIOR HIGH. SINCE 2015 WE HAVE HAD 108 STUDENTS GRADUATE FROM HIGH SCHOOL AND 160 GRADUATE FROM JUNIOR HIGH. NICOLAS CHRISTIAN SCHOOL PROVIDES HIGH QUALITY RIGOROUS EDUCATION IN CONFORMANCE WITH GUATEMALAN MINISTRY OF EDUCATION STANDARDS. THE NICOLS CHRISTIAN SCHOOL 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.. IN THIS REGION MIRED IN POVERTY ONLY 5-13% OF THE RURAL POOR GRADUATE FROM HIGH SCHOOL AND LESS THAN 1% ATTEND UNIVERSITY. IN 2023 ONE OF OUR GRADUATES RECEIVED A PRESTIGIOUS JUAN BAUTISTA FOUNDATION FULL-RIDE SCHOLARSHIP AND IS STUDYING CIVIL ENGINEERING AT RAFAEL LANDIVAR UNIVERSITY. 27 STUDENTS WERE BAPTIZED AT THE STUDENTS' REQUEST IN AUGUST 2023. DUE TO POOR ROAD CONDITIONS WE ARE OPERATING A SATELLITE SCHOOL IN A REMOTE VILLAGE USING STARLINK TO STREAM CLASSES AND DIGITAL CURRICULUM FROM NICOLS CHRISTIAN SCHOOL.
IMPACT TEAM TRIPS- EACH YEAR NFE PROVIDES OPPORTUNITIES FOR INDIVIDUALS FAMILIES AND ESPECIALLY EDUCATORS TO PARTICIPATE ON IMPACT TEAMS TO GUATEMALA. 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 THE SMALL VILLAGE PRIMARY SCHOOLS. THESE TEAMS IMPACT MEMBERS THROUGH RELATIONSHIPS FORMED WITH STUDENTS AND VILLAGE MEMBERS. PROVIDING TUTORING AND PRE-K TEACHING IN REMOTE VILLAGES. AWARDING SCHOLARSHIPS TO GRADUATES TO ASSIST WITH FURTHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lolo Levy Treasurer | OfficerTrustee | 20 | $0 |
Rebecca Merritt Chairman | OfficerTrustee | 25 | $0 |
Bill Safstrom Vice President | OfficerTrustee | 20 | $0 |
Kathy Riper Director | Trustee | 15 | $0 |
Heidi Reynolds Director | Trustee | 17 | $0 |
Mary Young Director | Trustee | 3 | $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 | $560,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,034 |
| Total Program Service Revenue | $0 |
| Investment income | $63,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,703 |
| 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 | $1,315,846 |
| 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 | $8,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,750 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,155 |
| Advertising and promotion | $442 |
| Office expenses | $11,665 |
| Information technology | $7,418 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $881 |
| 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 | $1,078 |
| All other expenses | $0 |
| Total functional expenses | $1,364,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,836 |
| Savings and temporary cash investments | $12,886 |
| 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 | $1,379,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,450,775 |
| Accounts payable and accrued expenses | $4,400 |
| 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 | $4,400 |
| Net assets without donor restrictions | $480,875 |
| Net assets with donor restrictions | $965,500 |
| 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 | $1,450,775 |