David & Elisabeth Nimocks Foundation Inc
- Assets
- $543.3k
- Revenue
- $23.4k
- Investments
- $538.7k
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 58-2203214
Organization Overview
David & Elisabeth Nimocks Foundation Inc is located in Fayetteville, NC. The organization was established in 1995. 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. David & Elisabeth Nimocks Foundation Inc 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, David & Elisabeth Nimocks Foundation Inc generated $23.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $69.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David & Elisabeth Nimocks Foundation Inc has awarded 30 individual grants totaling $268,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth N Gooch President | 2 | $0 | |
James D Haugh Vice President | 2 | $0 | |
Staci Huffman Secretary | 2 | $0 | |
Mary Flagg Haugh Chairman Of The Board | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $23,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$467 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $339 |
| Total operating and administrative expenses | $1,825 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $69,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,179 |
| 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 | $504 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $538,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $543,334 |
| 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, David & Elisabeth Nimocks Foundation Inc has awarded $68,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTIONS OF CUMBERLAND COUNTY PURPOSE: PROVIDE FUNDS FOR GENERAL OPERATIONS, IMPROVE TECHNOLOGY, AND AID THE SOCIAL ENTERPRISE COMPONENT | $22,000 |
FAYETTEVILLE SYMPHONY ORCHESTRA PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $5,000 |
FAYETTEVILLE URBAN MINISTRY PURPOSE: PROVIDE FUNDS FOR THE PURCHASE OF A VEHICLE FOR THE FIND A FRIEND PROGRAM | $13,000 |
MOORE STREET FOUNDATION PURPOSE: PROVIDE FUNDS FOR THE SUMMER PROGRAM FOR UNDERSERVED CHILDREN | $10,000 |
GREEN CHAIR PROJECT PURPOSE: PROVIDE FUNDS FOR SWEETER DREAMS PROJECT | $5,000 |
ST JOHN'S EPISCOPAL CHURCH PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $3,000 |