Nonprofit · EIN 46-6194488
AB NICHOLAS SCHOLARSHIP FOUNDATION
Also known as ALBERT NICHOLAS TTEE
Tax-exempt · MEQUON, WI 53092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $3,054,797 | $3,687,078 | -$632,281 | $56,932,501 | $15,045 | $56,917,456 |
| September 30, 2024 | 990-PF | $2,886,438 | $3,609,439 | -$723,001 | $57,564,782 | $15,045 | $57,549,737 |
| September 30, 2023 | 990-PF | $2,991,399 | $3,455,225 | -$463,826 | $58,289,861 | $17,123 | $58,272,738 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $935,480
- Interest
- $1,287
- Net gain from sales of assets
- $1,954,916
- Other income
- $163,114
Expenses
- Grants and similar amounts paid
- $3,465,000
- Compensation of officers, directors and key employees
- $120,000
- Disbursements for charitable purposes
- $3,574,803
- Excise tax on investment income
- $42,725
Balance sheet and other
- Total assets, start of year
- $57,564,782
- Total assets, end of year
- $56,932,501
- Total liabilities, end of year
- $15,045
- Net assets, end of year
- $56,917,456
- Fair market value of assets
- $76,119,431
- Qualifying distributions
- $3,574,803
- Net investment income
- $3,095,911
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN S NICHOLAS 10309 N RIVER ROAD, MEQUON, WI 53092 | TRUSTEE | 20 | $120,000 |
| DAVID O NICHOLAS 7181 HORSESHOE BAY ROAD, EGG HARBOR, WI 54209 | TRUSTEE | 0 | $0 |
| SUSAN NICHOLAS FASCIANO 2533 INDIAN RIDGE DRIVE, GLENVIEW, IL 60025 | TRUSTEE | 0 | $0 |
| NANCY J NICHOLAS 6002 N HIGHWAY 83, CHENEQUA, WI 53029 | TRUSTEE | 0 | $0 |
990-PF for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN S NICHOLAS 10309 N RIVER ROAD, MEQUON, WI 53092 | TRUSTEE | 20 | $120,000 |
| DAVID O NICHOLAS 7181 HORSESHOE BAY ROAD, EGG HARBOR, WI 54209 | TRUSTEE | 0 | $0 |
| SUSAN NICHOLAS FASCIANO 2533 INDIAN RIDGE DRIVE, GLENVIEW, IL 60025 | TRUSTEE | 0 | $0 |
| NANCY J NICHOLAS 6002 N HIGHWAY 83, CHENEQUA, WI 53029 | TRUSTEE | 0 | $0 |
990-PF for the year ended September 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN S NICHOLAS 10309 N RIVER ROAD, MEQUON, WI 53092 | TRUSTEE | 20 | $120,000 |
| DAVID O NICHOLAS 7181 HORSESHOE BAY ROAD, EGG HARBOR, WI 54209 | TRUSTEE | 0 | $0 |
| SUSAN NICHOLAS FASCIANO 2533 INDIAN RIDGE DRIVE, GLENVIEW, IL 60025 | TRUSTEE | 0 | $0 |
| NANCY J NICHOLAS 6002 N HIGHWAY 83, CHENEQUA, WI 53029 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- CO LYNN NICHOLAS 11501 N PORT WASH, MEQUON, WI 53092-0000
- In care of
- % LYNN NICHOLAS
- Signed the 990-PF
- LYNN NICHOLAS, TRUSTEE
- Phone
- (262) 242-3040
- Website
- ABNICHOLASSCHOLARS.ORG
- Return prepared by
- HAWKINS ASH CPAS 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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 46-6194488
- 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
- 2012
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $56,932,501
- Income (IRS master file)
- $4,487,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $3,054,797 | $3,687,078 | $56,932,501 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990-PF | September 2024 | $2,886,438 | $3,609,439 | $57,564,782 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990-PF | September 2023 | $2,991,399 | $3,455,225 | $58,289,861 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 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 46-6194488).
Questions about AB NICHOLAS SCHOLARSHIP FOUNDATION
- What is the EIN of AB NICHOLAS SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of AB NICHOLAS SCHOLARSHIP FOUNDATION is 46-6194488.
- Is AB NICHOLAS SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to AB NICHOLAS SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does AB NICHOLAS SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AB NICHOLAS SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AB NICHOLAS SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of AB NICHOLAS SCHOLARSHIP FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $120,000 (LYNN S NICHOLAS, TRUSTEE).
- How much revenue does AB NICHOLAS SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $3,054,797, expenses of $3,687,078 and total assets of $56,932,501 at year end.
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