Nicholls State University Foundation
- Assets
- $33.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Thibodaux, LA
- Founding
- 03/1966
- Data as of
- 06/2021
- EIN
- 72-6031425
Organization Overview
Nicholls State University Foundation is located in Thibodaux, LA. The organization was established in 1966. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Nicholls State University 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 06/2021, Nicholls State University Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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
THE FOUNDATION'S MISSION IS TO PROMOTE, DEVELOP AND ASSIST NICHOLLS STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR PROGRAMS AT NICHOLLS STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Becker Executive Director | Officer | 40 | $105,042 |
Donald Bollinger Chairman | OfficerTrustee | 1 | $0 |
Dan Duplantis Vice President | OfficerTrustee | 1 | $0 |
Arlen Cenac Sec./treas. | OfficerTrustee | 1 | $0 |
Chris Riviere President | OfficerTrustee | 1 | $0 |
Hugh Hamilton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,952 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,589,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,613,071 |
| Total Program Service Revenue | $123,861 |
| Investment income | $388,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,339 |
| Net Income from Fundraising Events | -$180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,331,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,647,999 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,500 |
| Compensation of current officers, directors, key employees. | $105,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,600 |
| Advertising and promotion | $0 |
| Office expenses | $1,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,195 |
| Travel | $113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,813 |
| All other expenses | $10,038 |
| Total functional expenses | $3,936,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,242,141 |
| Savings and temporary cash investments | $653,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,597,577 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,095,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,195 |
| Total assets | $33,788,301 |
| Accounts payable and accrued expenses | $116,479 |
| 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 | $939,106 |
| Unsecured mortgages and notes payable | $2,500,000 |
| Other liabilities | $11,607,158 |
| Total liabilities | $15,162,743 |
| Net assets without donor restrictions | -$1,005,163 |
| Net assets with donor restrictions | $19,630,721 |
| 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 | $33,788,301 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Nicholls State University Foundation has recieved totaling $563,370.
| Awarding Organization | Amount |
|---|---|
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: SUPPORT HURRICANE IDA RELIEF PROJECTS | $270,000 |
Saints And Pelicans Gulf Coast Renewal Metairie, LA PURPOSE: GENERAL SUPPORT | $100,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: EDUCATION | $50,153 |
Contractors Educational Trust Fund Baton Rouge, LA PURPOSE: FUNDS ARE USED FOR SCHOLARSHIPS | $50,000 |
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Scholarships, General Support | $24,000 |
Pat And Kate Brady Family Foundation New Orleans, LA PURPOSE: UNDERGRADUATE COLLEGES | $20,000 |
Endowment Analysis
| Beg. Balance | $12,203,049 |
| Earnings | $2,323,556 |
| Admin Expense | $100,891 |
| Net Contributions | $786,492 |
| Other Expense | $20,000 |
| Grants | $612,480 |
| Ending Balance | $14,579,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blue Mountain College Blue Mountain, MS | $37,926,447 | $21,477,479 |
Paul Quinn College Dallas, TX | $41,326,264 | $22,450,482 |
Texas College Tyler, TX | $58,932,373 | $22,124,244 |
Arkansas Baptist College Little Rock, AR | $34,676,418 | $14,634,571 |
Texas Chiropractic College Foundation Inc Pasadena, TX | $18,672,990 | $10,273,582 |
Jackson State University Development Foundation Inc Jackson, MS | $53,182,695 | $14,096,269 |
Arlington Baptist University Arlington, TX | $4,468,756 | $4,620,843 |
Nicholls State University Foundation Thibodaux, LA | $33,788,301 | $4,331,361 |
Patty Hanks Shelton School Of Nursing Abilene, TX | $3,428,056 | $2,472,200 |
Sarah Harris Johnson-Whitman College Fund Dallas, TX | $9,871,927 | $2,100,142 |
Hendrix-Murphy Foundation Inc Conway, AR | $41,397,772 | $2,411,172 |
Weatherford College Foundation Inc Weatherford, TX | $12,734,437 | $3,014,455 |