Nonprofit · EIN 06-6485716
NICHOLAS FOUNDATION
Also known as PHOENIX CHARTER OAK TR CO ET AL
Tax-exempt · WATERBURY, CT 06702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $16,566 | $44,270 | -$27,704 | $522,776 | $0 | $522,776 |
| December 31, 2024 | 990-PF | $208,869 | $28,920 | $179,949 | $550,041 | $0 | $550,041 |
| December 31, 2023 | 990-PF | $8,069 | $38,435 | -$30,366 | $372,276 | $0 | $372,276 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $15,718
- Net gain from sales of assets
- $848
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $7,646
- Disbursements for charitable purposes
- $32,099
- Excise tax on investment income
- $139
Balance sheet and other
- Total assets, start of year
- $550,041
- Total assets, end of year
- $522,776
- Total liabilities, end of year
- $0
- Net assets, end of year
- $522,776
- Fair market value of assets
- $575,202
- Qualifying distributions
- $32,099
- Net investment income
- $16,566
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WEBSTER BANK NA 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 2 | $5,402 |
| Markwardt J Nicholas 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 1 | $2,244 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WEBSTER BANK NA 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 2 | $5,497 |
| Markwardt J Nicholas 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 1 | $2,405 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WEBSTER BANK NA 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 2 | $5,254 |
| Markwardt J Nicholas 123 BANK STREET, WATERBURY, CT 06702 | CO-TRUSTEE | 1 | $2,261 |
Address and contacts
- Address (IRS master file)
- 123 BANK ST, WATERBURY, CT 06702-2205
- Signed the 990-PF
- CARRIE CHACE WEBSTER BANK N A, VICE PRESIDENT
- Phone
- (203) 578-2448
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 06-6485716
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $522,776
- Income (IRS master file)
- $24,084
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $16,566 | $44,270 | $522,776 | IRS |
| 990-PF | December 2024 | $208,869 | $28,920 | $550,041 | IRS |
| 990-PF | December 2023 | $8,069 | $38,435 | $372,276 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-6485716).
Questions about NICHOLAS FOUNDATION
- What is the EIN of NICHOLAS FOUNDATION?
- The employer identification number (EIN) of NICHOLAS FOUNDATION is 06-6485716.
- Is NICHOLAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to NICHOLAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NICHOLAS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NICHOLAS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NICHOLAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of NICHOLAS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $5,402 (WEBSTER BANK NA, CO-TRUSTEE).
- How much revenue does NICHOLAS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $16,566, expenses of $44,270 and total assets of $522,776 at year end.
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