Niles Foundation
- Assets
- $170.4k
- Revenue
- $111.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fenton, MI
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1463771
Organization Overview
Niles Foundation is located in Fenton, MI. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niles 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, Niles Foundation generated $111.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 67.1% each year . All expenses for the organization totaled $70.7k during the year ending 12/2023. While expenses have increased by 56.4% per year over the past 9 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 2018, Niles Foundation has awarded 66 individual grants totaling $215,782. 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
THE NILES FOUNDATION PROVIDED PAINTING EQUIPMENT, SUPPLIES, AND VOLUNTEER LABOR TO PAINT AT MANY ORGANIZATIONS THROUGHOUT THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Niles President | 2 | $0 | |
Susan Gilchrist Director | 2 | $0 | |
Sarah Tottingham Secretary | 2 | $0 | |
Phil Bradley Treasurer | 2 | $0 | |
Alissa Miller Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,368 |
| Interest on Savings | $5,195 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $3,093 |
| Other expenses | $5,936 |
| Total operating and administrative expenses | $14,792 |
| Contributions, gifts, grants paid | $55,929 |
| Total expenses and disbursements | $70,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,715 |
| Savings and temporary cash investments | $145,721 |
| 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 | $0 |
| Total assets | $170,436 |
| 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, Niles Foundation has awarded $55,929 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER OF HOPE PURPOSE: FINANCIAL ASSISTANCE | $30,000 |
DEREK PFAFF PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
FREE BIKES 4 KIDZ PURPOSE: FINANCIAL ASSISTANCE | $1,000 |
BAY COUNTY PONY LEAGUE PURPOSE: FINANCIAL ASSISTANCE | $1,500 |
WALK FOR HOPE PURPOSE: FINANCIAL ASSISTANCE | $1,000 |
BAY AREA WOMEN'S CENTER PURPOSE: FINANCIAL ASSISTANCE | $1,500 |