Nicholson Family Foundation

Saint Paul, MN
Tax-exempt since April 1987
EIN: 41-1572346

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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.

Revenue

$827k (2023)

Expenses

$953k (2023)

Total Assets

$14.9M (2023)

Total Liabilities

$140k (2023)

Years with multiple filings

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$827,211

Expenses

$953,040

Net Income

-$125,829

Net Assets

$14,771,296

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$128,675	15.6%
Interest Revenue	$0
Dividends	$465,602	56.3%
Sales of Assets	$232,816	28.1%
Other Income	$118	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$879,064	92.2%
Compensation of Officers*	$20,000	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,911,368
Total Liabilities	$140,072
Net Assets	$14,771,296

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$20,000	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0
Pondie N Taylor (Manager/Advisor)	$0	$0

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990-PF

Filed on Nov. 13, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,266,331

Expenses

$1,361,542

Net Income

-$95,211

Net Assets

$15,019,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$508,070	40.1%
Interest Revenue	$0
Dividends	$535,398	42.3%
Sales of Assets	$221,869	17.5%
Other Income	$994	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$828,757	60.9%
Compensation of Officers*	$20,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,019,356
Total Liabilities	$0
Net Assets	$15,019,356

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$20,000	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0
Pondie N Taylor (Manager/Advisor)	$0	$0

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990-PF

Filed on Nov. 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

$3,184,374

Expenses

$1,662,956

Net Income

$1,521,418

Net Assets

$14,592,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,153,884	36.2%
Interest Revenue	$0
Dividends	$346,918	10.9%
Sales of Assets	$1,600,398	50.3%
Other Income	$83,174	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$874,939	52.6%
Compensation of Officers*	$16,500	1.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,592,074
Total Liabilities	$0
Net Assets	$14,592,074

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$16,500	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0
Pondie N Taylor (Manager/Advisor)	$0	$0

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990-PF

Filed on Nov. 11, 2022

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.
2020

Revenue

$850,303

Expenses

$981,746

Net Income

-$131,443

Net Assets

$12,672,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$410,359	48.3%
Interest Revenue	$0
Dividends	$268,090	31.5%
Sales of Assets	$171,479	20.2%
Other Income	$375	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$766,401	78.1%
Compensation of Officers*	$16,500	1.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,675,460
Total Liabilities	$3,171
Net Assets	$12,672,289

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$16,500	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 15, 2021

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

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PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,229,674

Expenses

$945,231

Net Income

$284,443

Net Assets

$12,872,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$380,721	31.0%
Interest Revenue	$0
Dividends	$313,949	25.5%
Sales of Assets	$530,193	43.1%
Other Income	$4,811	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$582,615	61.6%
Compensation of Officers*	$15,000	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,872,364
Total Liabilities	$1
Net Assets	$12,872,363

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$15,000	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 16, 2020

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.
2018

Revenue

$1,968,013

Expenses

$784,035

Net Income

$1,183,978

Net Assets

$12,680,250

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$343,864	17.5%
Interest Revenue	$0
Dividends	$350,059	17.8%
Sales of Assets	$1,260,774	64.1%
Other Income	$13,316	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,646	39.1%
Compensation of Officers*	$15,000	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,680,250
Total Liabilities	$0
Net Assets	$12,680,250

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$15,000	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 14, 2019

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.
2017

Revenue

$2,002,296

Expenses

$889,764

Net Income

$1,112,532

Net Assets

$11,558,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$427,375	21.3%
Interest Revenue	$0
Dividends	$294,872	14.7%
Sales of Assets	$1,276,508	63.8%
Other Income	$3,541	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$323,278	36.3%
Compensation of Officers*	$15,000	1.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,558,795
Total Liabilities	$0
Net Assets	$11,558,795

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$15,000	$0
David O Nicholson (Vice President)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 15, 2018

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.
2016

Revenue

$722,552

Expenses

$827,702

Net Income

-$105,150

Net Assets

$10,625,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$345,252	47.8%
Interest Revenue	$0
Dividends	$304,846	42.2%
Sales of Assets	$395,888	54.8%
Other Income	-$323,434

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$712,880	86.1%
Compensation of Officers*	$15,000	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,625,598
Total Liabilities	$0
Net Assets	$10,625,598

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$15,000	$0
David O Nicholson (V. Pres)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 13, 2017

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

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PDF XML

990-T

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Revenue

-$353,946

Expenses

$684,012

Net Income

-$1,037,958

Net Assets

$10,365,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$178,771
Interest Revenue	$0
Dividends	$336,095
Sales of Assets	$82,353
Other Income	-$951,165

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$550,047	80.4%
Compensation of Officers*	$15,000	2.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,365,007
Total Liabilities	$0
Net Assets	$10,365,007

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$15,000	$0
David O Nicholson (V. Pres)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Aug. 12, 2016

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

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PDF (2 of 2)

990-T

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$498,912

Expenses

$257,546

Net Income

$241,366

Net Assets

$10,430,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$192,308	38.5%
Interest Revenue	$0
Dividends	$208,874	41.9%
Sales of Assets	$260,682	52.3%
Other Income	-$162,952

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$176,242	68.4%
Compensation of Officers*	$15,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,430,981
Total Liabilities	$0
Net Assets	$10,430,981

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

PDF (2 of 2)

Fiscal Year Ending June
2014

Revenue

$1,296,079

Expenses

$1,621,854

Net Income

-$325,775

Net Assets

$10,213,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$194,488	15.0%
Interest Revenue	$0
Dividends	$406,263	31.3%
Sales of Assets	$688,995	53.2%
Other Income	$6,333	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,499,793	92.5%
Compensation of Officers*	$13,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,356,232
Total Liabilities	$143,005
Net Assets	$10,213,227

Compensation

Key Employees and Officers	Compensation	Other
Richard H Nicholson (President)	$13,000	$0
David O Nicholson (V. Pres)	$0	$0
Ford J Nicholson (Secretary)	$0	$0
Todd S Nicholson (Treasurer)	$0	$0

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990-PF

Filed on Feb. 12, 2015

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

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990-T

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

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Fiscal Year Ending June
2013

Revenue

$1,433,202

Expenses

$1,246,149

Net Income

$187,053

Net Assets

$10,608,955

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$403,082	28.1%
Interest Revenue	$0
Dividends	$404,781	28.2%
Sales of Assets	$532,305	37.1%
Other Income	$93,034	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,140,058	91.5%
Compensation of Officers*	$12,000	1.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,649,242
Total Liabilities	$40,287
Net Assets	$10,608,955

990-PF

Filed on Dec. 26, 2013

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

View Filing

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990-T

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

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Fiscal Year Ending June
2012

Revenue

$877,475

Expenses

$673,336

Net Income

$204,139

Net Assets

$10,578,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$286,627	32.7%
Interest Revenue	$0
Dividends	$320,265	36.5%
Sales of Assets	$270,112	30.8%
Other Income	$471	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$557,816	82.8%
Compensation of Officers*	$10,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,866,653
Total Liabilities	$288,101
Net Assets	$10,578,552

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 June
2011

Revenue

$1,099,160

Expenses

$618,924

Net Income

$480,236

Net Assets

$10,395,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$207,734	18.9%
Interest Revenue	$0
Dividends	$416,897	37.9%
Sales of Assets	$474,263	43.1%
Other Income	$266	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$512,439	82.8%
Compensation of Officers*	$10,000	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,593,128
Total Liabilities	$197,199
Net Assets	$10,395,929

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nicholson Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $827k (2023)

Expenses $953k (2023)

Total Assets $14.9M (2023)

Total Liabilities $140k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

990-T

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

Document Links

990-PF

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Revenue

$827k (2023)

Expenses

$953k (2023)

Total Assets

$14.9M (2023)

Total Liabilities

$140k (2023)

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 June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002