Nonprofit · EIN 25-1597437
NIMICK FORBESWAY FOUNDATION
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $1,666,612 | $1,543,637 | $122,975 | $19,754,534 | $0 | $19,754,534 |
| June 30, 2024 | 990-PF | $1,536,711 | $1,405,218 | $131,493 | $19,631,559 | $0 | $19,631,559 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $599,913
- Interest
- $49,619
- Net gain from sales of assets
- $1,014,982
- Other income
- $2,098
Expenses
- Grants and similar amounts paid
- $1,267,667
- Compensation of officers, directors and key employees
- $30,000
- Disbursements for charitable purposes
- $1,393,976
- Excise tax on investment income
- $21,385
Balance sheet and other
- Total assets, start of year
- $19,631,559
- Total assets, end of year
- $19,754,534
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,754,534
- Fair market value of assets
- $32,452,309
- Qualifying distributions
- $1,393,976
- Net investment income
- $1,666,612
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kim Tilghman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 5 | $30,000 |
| William C Austin Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
| Victoria N Enright Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Vice Chairman | 1 | $0 |
| Cathleen L Nimick Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
| Charles L Nimick Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Chairman | 1 | $0 |
| Natalie Lockhart Rattay Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
990-PF for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kim Tilghman Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $30,000 |
| William C Austin Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
| Victoria N Enright Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Vice Chairman | 1 | $0 |
| Cathleen L Nimick Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
| Charles L Nimick Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Chairman | 1 | $0 |
| Natalie Lockhart Rattay Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % KIM TILGHMAN
- Signed the 990-PF
- Kimberly H Tilghman, Trustee
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 25-1597437
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $19,754,534
- Income (IRS master file)
- $6,229,014
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $1,666,612 | $1,543,637 | $19,754,534 | XML |
| 990-PF | June 2024 | $1,536,711 | $1,405,218 | $19,631,559 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | 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 25-1597437).
Questions about NIMICK FORBESWAY FOUNDATION
- What is the EIN of NIMICK FORBESWAY FOUNDATION?
- The employer identification number (EIN) of NIMICK FORBESWAY FOUNDATION is 25-1597437.
- Is NIMICK FORBESWAY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to NIMICK FORBESWAY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NIMICK FORBESWAY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NIMICK FORBESWAY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NIMICK FORBESWAY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of NIMICK FORBESWAY FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $30,000 (Kim Tilghman, Trustee).
- How much revenue does NIMICK FORBESWAY FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $1,666,612, expenses of $1,543,637 and total assets of $19,754,534 at year end.
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