Nicholas Fam Foundation Tr

C O Lynn Sharon Nicholas

Mequon, WI
Tax-exempt since Sept. 1994
EIN: 39-6589261

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible by treaty (foreign organization).

Revenue

$4.06M (2024)

Expenses

$3.54M (2024)

Total Assets

$50.9M (2024)

Total Liabilities

$17.3k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$4,058,375

Expenses

$3,535,164

Net Income

$523,211

Net Assets

$50,843,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,847	0.2%
Dividends	$994,658	24.5%
Sales of Assets	$2,787,114	68.7%
Other Income	$267,756	6.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,442,426	97.4%
Compensation of Officers*	$120,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,860,597
Total Liabilities	$17,340
Net Assets	$50,843,257

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$3,188,940

Expenses

$3,527,873

Net Income

-$338,933

Net Assets

$50,320,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,335	0.5%
Dividends	$1,066,861	33.5%
Sales of Assets	$1,759,977	55.2%
Other Income	$344,767	10.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,461,593	98.1%
Compensation of Officers*	$120,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,337,386
Total Liabilities	$17,340
Net Assets	$50,320,046

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2022

Revenue

$2,591,763

Expenses

$3,643,486

Net Income

-$1,051,723

Net Assets

$50,658,980

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,535	0.2%
Dividends	$807,427	31.2%
Sales of Assets	$1,404,858	54.2%
Other Income	$373,943	14.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,462,593	95.0%
Compensation of Officers*	$120,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,676,320
Total Liabilities	$17,340
Net Assets	$50,658,980

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$7,153,106

Expenses

$3,097,629

Net Income

$4,055,477

Net Assets

$51,903,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,526	0.0%
Dividends	$1,090,383	15.2%
Sales of Assets	$5,949,996	83.2%
Other Income	$110,201	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,980,303	96.2%
Compensation of Officers*	$120,000	3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$51,918,535
Total Liabilities	$15,045
Net Assets	$51,903,490

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$498,223

Expenses

$3,164,786

Net Income

-$2,666,563

Net Assets

$47,863,403

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75	0.0%
Interest Revenue	$717	0.1%
Dividends	$636,262	> 100%
Sales of Assets	$99,100	19.9%
Other Income	-$237,931

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,996,454	94.7%
Compensation of Officers*	$120,000	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,878,448
Total Liabilities	$15,045
Net Assets	$47,863,403

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$4,278,523

Expenses

$2,896,541

Net Income

$1,381,982

Net Assets

$50,529,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50	0.0%
Interest Revenue	$14,174	0.3%
Dividends	$928,973	21.7%
Sales of Assets	$3,438,498	80.4%
Other Income	-$103,172

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,727,062	94.1%
Compensation of Officers*	$120,000	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,545,011
Total Liabilities	$15,045
Net Assets	$50,529,966

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on June 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$4,524,582

Expenses

$3,081,746

Net Income

$1,442,836

Net Assets

$49,147,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175	0.0%
Interest Revenue	$10,458	0.2%
Dividends	$1,003,981	22.2%
Sales of Assets	$3,541,631	78.3%
Other Income	-$31,663

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,862,488	92.9%
Compensation of Officers*	$120,000	3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$49,163,029
Total Liabilities	$15,045
Net Assets	$49,147,984

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on June 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$3,826,081

Expenses

$2,837,111

Net Income

$988,970

Net Assets

$47,705,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,150	0.0%
Interest Revenue	$3,830	0.1%
Dividends	$855,126	22.3%
Sales of Assets	$3,153,725	82.4%
Other Income	-$187,750

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,698,267	95.1%
Compensation of Officers*	$120,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,720,193
Total Liabilities	$15,045
Net Assets	$47,705,148

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,217,187

Expenses

$3,027,471

Net Income

-$810,284

Net Assets

$46,716,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$114,137	5.1%
Interest Revenue	$3,524	0.2%
Dividends	$695,564	31.4%
Sales of Assets	$1,582,316	71.4%
Other Income	-$178,354

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,887,986	95.4%
Compensation of Officers*	$120,000	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$46,731,316
Total Liabilities	$15,138
Net Assets	$46,716,178

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (President Trustee)	$120,000	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on June 20, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,540,456

Expenses

$2,686,581

Net Income

-$1,146,125

Net Assets

$47,526,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$636	0.0%
Dividends	$695,365	45.1%
Sales of Assets	$1,002,591	65.1%
Other Income	-$158,136

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,520,448	93.8%
Compensation of Officers*	$120,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,541,507
Total Liabilities	$15,045
Net Assets	$47,526,462

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (Trustee)	$120,000	$0
Albert O Nicholas (Trustee)	$0	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$13,049,421

Expenses

$2,411,070

Net Income

$10,638,351

Net Assets

$48,672,587

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,005,000	76.7%
Interest Revenue	$178,883	1.4%
Dividends	$485,716	3.7%
Sales of Assets	$2,440,867	18.7%
Other Income	-$61,045

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,223,410	92.2%
Compensation of Officers*	$120,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,687,632
Total Liabilities	$15,045
Net Assets	$48,672,587

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (Trustee)	$120,000	$0
Albert O Nicholas (Trustee)	$0	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on June 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,197,418

Expenses

$2,116,023

Net Income

$81,395

Net Assets

$38,034,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$195,133	8.9%
Dividends	$525,152	23.9%
Sales of Assets	$1,502,732	68.4%
Other Income	-$25,599

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,987,186	93.9%
Compensation of Officers*	$75,000	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$38,049,281
Total Liabilities	$15,045
Net Assets	$38,034,236

Compensation

Key Employees and Officers	Compensation	Other
Lynn S Nicholas (Trustee)	$75,000	$0
Albert O Nicholas (Trustee)	$0	$0
Nancy J Nicholas (Trustee)	$0	$0
Susan N Fasciano (Trustee)	$0	$0
David O Nicholas (Trustee)	$0	$0

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990-PF

Filed on May 9, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,701,954

Expenses

$2,027,878

Net Income

$674,076

Net Assets

$37,952,841

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$617,564	22.9%
Interest Revenue	$207,880	7.7%
Dividends	$565,756	20.9%
Sales of Assets	$1,407,029	52.1%
Other Income	-$96,275

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,914,482	94.4%
Compensation of Officers*	$60,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,960,064
Total Liabilities	$7,223
Net Assets	$37,952,841

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,827,291

Expenses

$1,679,540

Net Income

$2,147,751

Net Assets

$37,278,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,093,700	54.7%
Interest Revenue	$235,444	6.2%
Dividends	$602,638	15.7%
Sales of Assets	$965,971	25.2%
Other Income	-$70,462

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,569,888	93.5%
Compensation of Officers*	$60,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,285,988
Total Liabilities	$7,223
Net Assets	$37,278,765

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nicholas Fam Foundation Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.06M (2024)

Expenses $3.54M (2024)

Total Assets $50.9M (2024)

Total Liabilities $17.3k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Revenue

$4.06M (2024)

Expenses

$3.54M (2024)

Total Assets

$50.9M (2024)

Total Liabilities

$17.3k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001