Nicholls State University Foundation
- Assets
- $30.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Thibodaux, LA
- Founding
- 03/1966
- Data as of
- 06/2022
- 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 06/2022, Nicholls State University Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
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 |
|---|---|---|---|
Donald Bollinger Chairman | OfficerTrustee | 1 | $0 |
Dan Duplantis Vice President | OfficerTrustee | 1 | $0 |
Chris Riviere President | OfficerTrustee | 1 | $0 |
Arlen Cenac Sec./treas. | OfficerTrustee | 1 | $0 |
Hugh Hamilton Director | Trustee | 1 | $0 |
R E Bob Miller Director | Trustee | 1 | $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 | $5,296,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,296,084 |
| Total Program Service Revenue | $72,323 |
| Investment income | $349,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,298 |
| Net Income from Fundraising Events | $38 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,929,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,688,170 |
| 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. | $95,500 |
| Compensation of current officers, directors, key employees. | $95,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,441 |
| Payroll taxes | $7,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,385 |
| Fees for services: Accounting | $78,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,800 |
| Advertising and promotion | $0 |
| Office expenses | $33,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $2,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,355 |
| All other expenses | $2,890 |
| Total functional expenses | $4,199,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,244,134 |
| Savings and temporary cash investments | $1,100,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,707,421 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $24,432,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,412 |
| Total assets | $30,774,680 |
| Accounts payable and accrued expenses | $148,093 |
| 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 | $813,701 |
| Unsecured mortgages and notes payable | $2,500,000 |
| Other liabilities | $9,534,270 |
| Total liabilities | $12,996,064 |
| Net assets without donor restrictions | -$1,112,191 |
| Net assets with donor restrictions | $18,890,807 |
| 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 | $30,774,680 |