Robert L Nichols Jr Scholarship Foundation
- Assets
- $785.1k
- Revenue
- $27.5k
- Investments
- $763.0k
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 06/1968
- Data as of
- 12/2022
- EIN
- 75-6081322
Organization Overview
Robert L Nichols Jr Scholarship Foundation is located in Arlington, TX. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Robert L Nichols Jr Scholarship 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 12/2022, Robert L Nichols Jr Scholarship Foundation generated $27.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $40.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert L Nichols Jr Scholarship Foundation has awarded 27 individual grants totaling $119,543. 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 |
|---|---|---|---|
Michael Nichols President Trustee | 0 | $0 | |
Georgeanne Warnock Superintendent Trustee | 0 | $0 | |
David A Lewis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $21,744 |
| 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 | $5,730 |
| Total Revenue | $27,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,449 |
| Total operating and administrative expenses | $5,595 |
| Contributions, gifts, grants paid | $34,998 |
| Total expenses and disbursements | $40,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,113 |
| 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 | $364,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $785,081 |
| 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, Robert L Nichols Jr Scholarship Foundation has awarded $34,998 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENNEDY CHAMBERS PURPOSE: QUESTIONAIRE AVAILABLE AT TERRELL TEXAS HS.AWARDED ANNUALLY TO GRADUATING SENIORSFROM TERRELL TEXAS HS. | $2,000 |
KAHR ARNES MONTGOMERY PURPOSE: QUESTIONAIRE AVAILABLE AT TERRELL TEXAS HS.AWARDED ANNUALLY TO GRADUATING SENIORSFROM TERRELL TEXAS HS. | $4,000 |
TERRELL TEXAS HIGH SCHOOL PURPOSE: LIBRARY DONATION | $998 |
CHAYLON FRIDIA PURPOSE: QUESTIONAIRE AVAILABLE AT TERRELL TEXAS HS.AWARDED ANNUALLY TO GRADUATING SENIORSFROM TERRELL TEXAS HS. | $6,000 |
HAILEY GRACE ZINN PURPOSE: QUESTIONAIRE AVAILABLE AT TERRELL TEXAS HS.AWARDED ANNUALLY TO GRADUATING SENIORSFROM TERRELL TEXAS HS. | $6,000 |
RYLEE RIGGIN PURPOSE: QUESTIONAIRE AVAILABLE AT TERRELL TEXAS HS.AWARDED ANNUALLY TO GRADUATING SENIORSFROM TERRELL TEXAS HS. | $6,000 |