Nonprofit · EIN 85-2050744
NICHOLAS NICHOLAS FOUNDATION INC
Tax-exempt · BOYNTON BEACH, FL 33426
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $110,974 | $206,859 | -$95,885 | $1,546,171 | $0 | $1,546,171 |
| December 31, 2023 | 990-PF | $34,103 | $209,235 | -$175,132 | $1,642,056 | $0 | $1,642,056 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $63,192
- Interest
- $79
- Net gain from sales of assets
- $47,561
- Other income
- $142
Expenses
- Grants and similar amounts paid
- $100,000
- Compensation of officers, directors and key employees
- $90,000
- Disbursements for charitable purposes
- $100,000
- Excise tax on investment income
- $691
Balance sheet and other
- Total assets, start of year
- $1,642,056
- Total assets, end of year
- $1,546,171
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,546,171
- Fair market value of assets
- $1,546,171
- Qualifying distributions
- $100,000
- Net investment income
- $110,832
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 |
|---|---|---|---|
| Robert Schwartz 1901 S Congress Ave 215, Boynton Beach, FL 33426 | Director | 5 | $30,000 |
| Richard Janosko 11215 Spring Hill Drive, Spring Hill, FL 34609 | Director | 5 | $30,000 |
| Ryan Ratner 4400 N Federal Hwy Ste 210, Boca Raton, FL 33431 | Director | 5 | $30,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Schwartz 1901 S Congress Ave 215, Boynton Beach, FL 33426 | Director | 5 | $30,000 |
| Richard Janosko 11215 Spring Hill Drive, Spring Hill, FL 34609 | Director | 5 | $30,000 |
| Ryan Ratner 4400 N Federal Hwy Ste 210, Boca Raton, FL 33431 | Director | 5 | $30,000 |
Address and contacts
- Address (IRS master file)
- 1901 S CONGRESS AVE STE 215, BOYNTON BEACH, FL 33426-6550
- In care of
- % ROBERT D SCHWART ESQ
- Signed the 990-PF
- Robert Schwartz, Director
- Phone
- (561) 734-3440
- Return prepared by
- KOUTOULAS & RELIS LLC
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
- 85-2050744
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,546,171
- Income (IRS master file)
- $288,222
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $110,974 | $206,859 | $1,546,171 | XML |
| 990-PF | December 2023 | $34,103 | $209,235 | $1,642,056 | 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 85-2050744).
Questions about NICHOLAS NICHOLAS FOUNDATION INC
- What is the EIN of NICHOLAS NICHOLAS FOUNDATION INC?
- The employer identification number (EIN) of NICHOLAS NICHOLAS FOUNDATION INC is 85-2050744.
- Is NICHOLAS NICHOLAS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NICHOLAS NICHOLAS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NICHOLAS NICHOLAS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NICHOLAS NICHOLAS FOUNDATION INC 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 NICHOLAS NICHOLAS FOUNDATION INC 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 NICHOLAS NICHOLAS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $30,000 (Robert Schwartz, Director).
- How much revenue does NICHOLAS NICHOLAS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $110,974, expenses of $206,859 and total assets of $1,546,171 at year end.
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