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Nicolas Fund For Education

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$624k (2023)

Expenses
$1.36M (2023)

Total Assets
$1.45M (2023)

Total Liabilities
$4.4k (2023)

Source: Form 990 tax filings from 2013 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$623,703
Expenses
$1,364,177
Net Income
-$740,474
Net Assets
$1,446,375
Notable Sources of Revenue Percent of Total Revenue
Contributions $560,034
89.8%
Program Services $0
Investment Income $63,669
10.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $1,750
0.1%
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,450,775
Total Liabilities $4,400
Net Assets $1,446,375
Compensation
Key Employees and Officers Compensation Related Other
Lolo Levy (Treasurer) $0 $0 $0
Rebecca Merritt (Chairman) $0 $0 $0
Bill Safstrom (Vice President) $0 $0 $0
Kathy Riper (Director) $0 $0 $0
Heidi Reynolds (Director) $0 $0 $0
Mary Young (Director) $0 $0 $0
Carrie Nordberg (Secretary) $0 $0 $0
Al Lopus (Director) $0 $0 $0
Paul Selvig (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,588,514
Expenses
$826,739
Net Income
$761,775
Net Assets
$2,173,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,544,508
97.2%
Program Services $0
Investment Income $44,006
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $1,750
0.2%
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,173,704
Total Liabilities $15
Net Assets $2,173,689
Compensation
Key Employees and Officers Compensation Related Other
Lolo Levy (Treasurer) $0 $0 $0
Rebecca Merritt (Chairman) $0 $0 $0
Bill Safstrom (Vice President) $0 $0 $0
Kathy Riper (Director) $0 $0 $0
Heidi Reynolds (Director) $0 $0 $0
Mary Young (Director) $0 $0 $0
Carrie Nordberg (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,241,478
Expenses
$375,220
Net Income
$866,258
Net Assets
$1,504,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,226,989
98.8%
Program Services $0
Investment Income $14,524
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$35
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $2,000
0.5%
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,505,432
Total Liabilities $602
Net Assets $1,504,830
Compensation
Key Employees and Officers Compensation Related Other
Lolo Levy (Treasurer) $0 $0 $0
Rebecca Merritt (Chairman) $0 $0 $0
Bill Safstrom (Vice President) $0 $0 $0
Kathy Riper (Director) $0 $0 $0
Heidi Reynolds (Director) $0 $0 $0
Mary Young (Director) $0 $0 $0
Carrie Nordburg (Secretary) $0 $0 $0
Al Lopus (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$661,788
Expenses
$402,721
Net Income
$259,067
Net Assets
$652,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $659,051
99.6%
Program Services $0
Investment Income $2,737
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $7,500
1.9%
Other Salaries and Wages $0
Assets/Debt
Total Assets $656,130
Total Liabilities $3,182
Net Assets $652,948
Compensation
Key Employees and Officers Compensation Related Other
Lolo Levy (Treasurer) $0 $0 $0
Rebecca Merritt (Chairman) $0 $0 $0
Bill Safstrom (Vice President) $0 $0 $0
Kathy Riper (Director) $0 $0 $0
Heidi Reynolds (Director) $0 $0 $0
Mary Young (Director) $0 $0 $0
Carrie Nordburg (Secretary) $0 $0 $0
Al Lopus (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$631,965
Expenses
$396,226
Net Income
$235,739
Net Assets
$393,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $631,830
100.0%
Program Services $0
Investment Income $135
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $393,881
Total Liabilities $0
Net Assets $393,881

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$379,145
Expenses
$463,822
Net Income
-$84,677
Net Assets
$158,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $379,105
100.0%
Program Services $0
Investment Income $40
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $159,856
Total Liabilities $1,714
Net Assets $158,142

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$380,926
Expenses
$349,847
Net Income
$31,079
Net Assets
$242,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $380,883
100.0%
Program Services $0
Investment Income $43
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $242,819
Total Liabilities $0
Net Assets $242,819

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$313,004
Expenses
$277,726
Net Income
$35,278
Net Assets
$211,740
Notable Sources of Revenue Percent of Total Revenue
Contributions $312,979
100.0%
Program Services $0
Investment Income $25
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $211,740
Total Liabilities $0
Net Assets $211,740

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$252,728
Expenses
$209,612
Net Income
$43,116
Net Assets
$176,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,711
100.0%
Program Services $0
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $176,462
Total Liabilities $0
Net Assets $176,462

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$175,016
Expenses
$110,205
Net Income
$64,811
Net Assets
$133,347
Notable Sources of Revenue Percent of Total Revenue
Contributions $177,677
> 100%
Program Services $0
Investment Income $0
Net Fundraising -$2,669
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $133,347
Total Liabilities $0
Net Assets $133,347

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$102,163
Expenses
$33,627
Net Income
$68,536
Net Assets
$68,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $102,160
100.0%
Program Services $0
Investment Income $3
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $68,536
Total Liabilities $0
Net Assets $68,536

Document Links

About 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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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