Nonprofit · EIN 22-2344110
NICHOLSON FOUNDATION
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$174,397 | $1,291,065 | -$1,465,462 | $8,525,489 | $0 | $8,525,489 |
| December 31, 2023 | 990-PF | $486,579 | $1,540,919 | -$1,054,340 | $9,875,571 | $0 | $9,875,571 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $251,807
- Interest
- $28,467
- Net gain from sales of assets
- -$454,671
Expenses
- Grants and similar amounts paid
- $984,348
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,161,778
- Excise tax on investment income
- $2,099
Balance sheet and other
- Total assets, start of year
- $9,875,571
- Total assets, end of year
- $8,525,489
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,525,489
- Fair market value of assets
- $8,525,490
- Qualifying distributions
- $1,161,778
- Net investment income
- $280,274
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA NICHOLSON MCFADYEN 1004 DAWES STREET, CHAPEL HILL, NC 27516 | SECRETARY/CHAIRMAN/TRUSTEE | 1 | $0 |
| JAN NICHOLSON 7940 INDIAN NECK LANE, PECONIC, NY 11958 | PRESIDENT/TREASURER/TRUSTE | 10 | $0 |
| MICHAEL P VITO ONE LOWENSTEIN DRIVE, ROSELAND, NJ 07068 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA NICHOLSON MCFADYEN 1004 DAWES STREET, CHAPEL HILL, NC 27516 | SECRETARY/CHAIRMAN/TRUSTEE | 1 | $0 |
| JAN NICHOLSON 419 E 50TH STREET, NEW YORK, NY 10022 | PRESIDENT/TREASURER/TRUSTE | 10 | $0 |
| MICHAEL P VITO ONE LOWENSTEIN DRIVE, ROSELAND, NJ 07068 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO RAINES FISCHER 555 5TH AVE 9, NEW YORK, NY 10017-0000
- In care of
- % RAINES &FISCHER LLP
- Signed the 990-PF
- JAN NICHOLSON, PRESIDENT
- Phone
- (212) 953-9200
- Website
- THENICHOLSONFOUNDATION.ORG
- Return prepared by
- RAINES & FISCHER 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 | Not 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
- 22-2344110
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $8,525,489
- Income (IRS master file)
- $290,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | -$174,397 | $1,291,065 | $8,525,489 | IRS |
| 990-PF | December 2023 | $486,579 | $1,540,919 | $9,875,571 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NICHOLSON FOUNDATION
- What is the EIN of NICHOLSON FOUNDATION?
- The employer identification number (EIN) of NICHOLSON FOUNDATION is 22-2344110.
- Is NICHOLSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to NICHOLSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NICHOLSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NICHOLSON FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NICHOLSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NICHOLSON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NICHOLSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$174,397, expenses of $1,291,065 and total assets of $8,525,489 at year end.
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