Thomas & Corinne Nyquist Foundation
- Assets
- $268.0
- Revenue
- $14.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bainville, MT
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 76-0759134
Organization Overview
Thomas & Corinne Nyquist Foundation is located in Bainville, MT. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas & Corinne Nyquist 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 12/2023, Thomas & Corinne Nyquist Foundation generated $14.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $15.4k during the year ending 12/2023. While expenses have increased by 2.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS ORGANIZATIONS TO PROVIDE FINANCIAL SUPPORT FOR LOCAL INITIATIVES AND PROGRAMS IN NEW PALTZ, NY AND ROOSEVELT COUNTY, MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Nyquist Chairman | 15 | $0 | |
Corinne Nyquist Member At Large | 1 | $0 | |
Jonathan Nyquist Member At Large | 1 | $0 | |
Amy Bergstraesser Vice Chair | 2 | $0 | |
Jenna Bergstraesser Treasurer | 3 | $0 | |
Megan Nyquist Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $14,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,905 |
| Contributions, gifts, grants paid | $11,479 |
| Total expenses and disbursements | $15,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $268 |
| 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, Thomas & Corinne Nyquist Foundation has awarded $11,169 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TIKKUN OLAM MINISTRIES PURPOSE: COOKING KITS | $2,000 |
CIRCLE CREATIVE COLLECTIVE PURPOSE: TEEN WORKSHOPS | $1,600 |
ELTING MEMORIAL LIBRARY PURPOSE: CONSERVATION OF LIBRARY DOCUMENTS | $1,000 |
NEW PALTZ COMMUNITY FOUNDATION PURPOSE: TOOLS & EQUIPMENT FOR MUSHROOM CULTIVATION | $982 |
CULBERTSON MUSEUM PURPOSE: MUSEUM ROOF REPLACEMENT | $2,000 |
TOWN OF FROID PURPOSE: LED LIGHTING FOR COMMUNITY CENTER | $2,000 |