N Woodburn Nichols Foundation Inc
- Assets
- $37.3m
- Revenue
- $26.0m
- Investments
- $36.0m
- Employees
- 0
- Location
- Groveland, MA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 65-1162899
Organization Overview
N Woodburn Nichols Foundation Inc is located in Groveland, MA. The organization was established in 2003. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N Woodburn Nichols 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, N Woodburn Nichols Foundation Inc generated $26.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 1.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cammett Jr President/treasurer/direct | 5 | $0 | |
David Cammett Director | 1 | $0 | |
Susan Cammett Director | 1 | $0 | |
Janice Lane Director | 1 | $0 | |
Lisa Hayden Director/clerk | 1 | $0 | |
Stephen Hayden Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $1,064,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,921,498 |
| Capital Gain Net Income | $24,921,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,986,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $374,330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,485 |
| Total operating and administrative expenses | $459,135 |
| Contributions, gifts, grants paid | $1,750,020 |
| Total expenses and disbursements | $2,209,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,051,825 |
| 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 | $163,262 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $93,136 |
| Total assets | $37,262,416 |
| 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 | $360,302 |
| Total liabilities | $360,302 |
Grants Awarded
Over the last fiscal year, N Woodburn Nichols Foundation Inc has awarded $2,510,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NICHOLS VILLAGE PURPOSE: CHARITABLE FOR SENIOR HOUSING | $55,000 |
NICHOLS VILLAGE PURPOSE: CHARITABLE FOR SENIOR HOUSING | $1,200,000 |
NICHOLS VILLAGE PURPOSE: CHARITABLE FOR SENIOR HOUSING | $55,000 |
NICHOLS VILLAGE PURPOSE: CHARITABLE FOR SENIOR HOUSING | $1,200,000 |