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Ab Nicholas Scholarship Foundation

Albert Nicholas Ttee
  • Mequon, WI
  • Tax-exempt since Sept. 2012
  • EIN: 46-6194488

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
$2.89M (2024)

Expenses
$3.61M (2024)

Total Assets
$57.6M (2024)

Total Liabilities
$15k (2024)

Source: Form 990 tax filings from 2012 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 Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,886,438
Expenses
$3,609,439
Net Income
-$723,001
Net Assets
$57,549,737
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,365
0.1%
Dividends $957,720
33.2%
Sales of Assets $1,719,515
59.6%
Other Income $205,838
7.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,525,069
97.7%
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 $57,564,782
Total Liabilities $15,045
Net Assets $57,549,737
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
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Document Links

990-PF
Filed on Jan. 15, 2025

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

View Filing
XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,991,399
Expenses
$3,455,225
Net Income
-$463,826
Net Assets
$58,272,738
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,383
0.1%
Dividends $977,905
32.7%
Sales of Assets $1,807,545
60.4%
Other Income $202,566
6.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,373,833
97.6%
Compensation of Officers* $120,000
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 $58,289,861
Total Liabilities $17,123
Net Assets $58,272,738
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 31, 2024

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,013,180
Expenses
$3,254,412
Net Income
$2,758,768
Net Assets
$58,736,564
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,993
0.0%
Dividends $1,084,293
18.0%
Sales of Assets $4,939,143
82.1%
Other Income -$12,249
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,178,833
97.7%
Compensation of Officers* $120,000
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $58,753,687
Total Liabilities $17,123
Net Assets $58,736,564
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 1, 2023

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,129,781
Expenses
$2,990,873
Net Income
$1,138,908
Net Assets
$55,977,796
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $311
0.0%
Dividends $644,403
15.6%
Sales of Assets $3,729,911
90.3%
Other Income -$244,844
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,830,122
94.6%
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 $55,994,948
Total Liabilities $17,152
Net Assets $55,977,796
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 21, 2022

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

View Filing
XML
990-T

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

PDF

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,019,830
Expenses
$2,672,092
Net Income
$1,347,738
Net Assets
$54,838,888
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,622
0.2%
Dividends $571,431
14.2%
Sales of Assets $3,553,111
88.4%
Other Income -$111,334
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,592,732
97.0%
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 $54,856,040
Total Liabilities $17,152
Net Assets $54,838,888
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on May 3, 2021

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

View Filing
XML
990-T

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

PDF

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,467,761
Expenses
$2,686,130
Net Income
$1,781,631
Net Assets
$53,491,150
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,330
0.1%
Dividends $636,656
14.3%
Sales of Assets $3,945,299
88.3%
Other Income -$119,524
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,596,949
96.7%
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 $53,508,302
Total Liabilities $17,152
Net Assets $53,491,150
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $120,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 12, 2020

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,535,953
Expenses
$2,644,817
Net Income
$1,891,136
Net Assets
$51,709,519
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,300
0.1%
Dividends $673,065
14.8%
Sales of Assets $3,609,531
79.6%
Other Income $247,057
5.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,592,144
98.0%
Compensation of Officers* $105,000
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 $51,726,672
Total Liabilities $17,153
Net Assets $51,709,519
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $105,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on June 10, 2019

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,341,236
Expenses
$2,609,625
Net Income
-$268,389
Net Assets
$49,818,383
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,283
0.1%
Dividends $656,741
28.1%
Sales of Assets $1,935,857
82.7%
Other Income -$252,645
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,565,960
98.3%
Compensation of Officers* $60,000
2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $49,828,467
Total Liabilities $10,084
Net Assets $49,818,383
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $60,000 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Dec. 21, 2017

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,081,093
Expenses
$2,249,998
Net Income
$8,831,095
Net Assets
$50,086,772
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,130,500
91.4%
Interest Revenue $1,290
0.0%
Dividends $419,549
3.8%
Sales of Assets $815,895
7.4%
Other Income -$286,141
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,220,772
98.7%
Compensation of Officers* $40,000
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 $50,091,587
Total Liabilities $4,815
Net Assets $50,086,772
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $30,000 $0
Albert O Nicholas (Trustee) $0 $0
David O Nicholas (Trustee) $0 $0
Susan Nicholas Fasciano (Trustee) $0 $0
Nancy J Nicholas (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 29, 2016

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

View Filing
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 Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,363,409
Expenses
$1,650,813
Net Income
$17,712,596
Net Assets
$41,255,677
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $16,044,237
82.9%
Interest Revenue $366
0.0%
Dividends $770,499
4.0%
Sales of Assets $2,877,840
14.9%
Other Income -$329,533
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,597,448
96.8%
Compensation of Officers* $40,000
2.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $41,260,492
Total Liabilities $4,815
Net Assets $41,255,677
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $30,000 $0
Albert O Nicholas (Trustee) $0 $0
David O Nicholas (Trustee) $0 $0
Susan N Fasciano (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Jan. 14, 2016

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,679,443
Expenses
$1,001,627
Net Income
$15,677,816
Net Assets
$23,530,957
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,494,103
44.9%
Interest Revenue $59
0.0%
Dividends $381,578
2.3%
Sales of Assets $8,877,134
53.2%
Other Income -$73,431
Notable Expenses Percent of Total Expenses
Charitable Disbursements $954,513
95.3%
Compensation of Officers* $40,000
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 $23,535,772
Total Liabilities $4,815
Net Assets $23,530,957
Compensation
Key Employees and Officers Compensation Other
Lynn S Nicholas (Trustee) $30,000 $0
Albert O Nicholas (Trustee) $0 $0
David O Nicholas (Trustee) $0 $0
Susan N Fasciano (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 17, 2014

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

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,194,176
Expenses
$341,035
Net Income
$7,853,141
Net Assets
$7,853,140
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,810,067
95.3%
Interest Revenue $0
Dividends $195,762
2.4%
Sales of Assets $188,347
2.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $337,194
98.9%
Compensation of Officers* $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 $7,853,141
Total Liabilities $1
Net Assets $7,853,140

Document Links

990-PF
Filed on Dec. 31, 2013

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

View Filing
PDF XML

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$0
Net Income
$1
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $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 $1
Total Liabilities $0
Net Assets $1

Document Links

990-PF

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

PDF

About This Data

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.

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.

Which Organizations Are Here?

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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