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Nabit Foundation Incorporated

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$376k (2023)

Expenses
$254k (2023)

Total Assets
$2.41M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2012 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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$375,613
Expenses
$253,736
Net Income
$121,877
Net Assets
$2,407,795
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,000
3.5%
Interest Revenue $0
Dividends $93,028
24.8%
Sales of Assets $269,585
71.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $184,250
72.6%
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 $2,407,795
Total Liabilities $0
Net Assets $2,407,795
Compensation
Key Employees and Officers Compensation Other
Charles J Nabit (President) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$749,692
Expenses
$428,455
Net Income
$321,237
Net Assets
$2,285,918
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $82,273
11.0%
Sales of Assets $667,419
89.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $323,434
75.5%
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 $2,285,918
Total Liabilities $0
Net Assets $2,285,918
Compensation
Key Employees and Officers Compensation Other
Charles J Nabit (President) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,929,178
Expenses
$188,938
Net Income
$3,740,240
Net Assets
$1,960,773
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,286,268
83.6%
Interest Revenue $4
0.0%
Dividends $46,779
1.2%
Sales of Assets $596,127
15.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $166,666
88.2%
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 $1,960,773
Total Liabilities $0
Net Assets $1,960,773
Compensation
Key Employees and Officers Compensation Other
Charles J Nabit (President) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$272,160
Expenses
$437,205
Net Income
-$165,045
Net Assets
$1,219,453
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $218,200
80.2%
Interest Revenue $69
0.0%
Dividends $35,289
13.0%
Sales of Assets $18,602
6.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $417,166
95.4%
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 $1,219,454
Total Liabilities $1
Net Assets $1,219,453
Compensation
Key Employees and Officers Compensation Other
Charles J Nabit (President) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$244,638
Expenses
$316,358
Net Income
-$71,720
Net Assets
$1,384,499
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $145,100
59.3%
Interest Revenue $182
0.1%
Dividends $36,311
14.8%
Sales of Assets $63,045
25.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $292,300
92.4%
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 $1,384,499
Total Liabilities $0
Net Assets $1,384,499
Compensation
Key Employees and Officers Compensation Other
Charles J Nabit (President) $0 $0

Document Links

Fiscal Year Ending June
2018

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$136,523
Expenses
$326,006
Net Income
-$189,483
Net Assets
$1,645,152
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23
0.0%
Dividends $37,008
27.1%
Sales of Assets -$7,196
Other Income $106,688
78.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $316,188
97.0%
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 $1,645,152
Total Liabilities $0
Net Assets $1,645,152
Compensation
Key Employees and Officers Compensation Other
Merwin J Nabit (President) $0 $0
Charles J Nabit (Secretary) $0 $0
Michael C Hodes (Director) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$331,705
Expenses
$291,336
Net Income
$40,369
Net Assets
$1,834,635
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9
0.0%
Dividends $31,998
9.6%
Sales of Assets $13,372
4.0%
Other Income $286,326
86.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $279,383
95.9%
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 $1,834,635
Total Liabilities $0
Net Assets $1,834,635
Compensation
Key Employees and Officers Compensation Other
Merwin J Nabit (President) $0 $0
Charles J Nabit (Secretary) $0 $0
Michael C Hodes (Director) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$250,774
Expenses
$242,018
Net Income
$8,756
Net Assets
$1,794,266
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $19
0.0%
Dividends $30,688
12.2%
Sales of Assets $80,546
32.1%
Other Income $139,521
55.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $230,833
95.4%
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 $1,794,266
Total Liabilities $0
Net Assets $1,794,266
Compensation
Key Employees and Officers Compensation Other
Merwin J Nabit (President) $0 $0
Charles J Nabit (Secretary) $0 $0
Michael C Hodes (Director) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$390,898
Expenses
$332,716
Net Income
$58,182
Net Assets
$1,785,510
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,500
1.4%
Interest Revenue $1,326
0.3%
Dividends $29,953
7.7%
Sales of Assets $5,143
1.3%
Other Income $348,976
89.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $325,133
97.7%
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 $1,785,510
Total Liabilities $0
Net Assets $1,785,510
Compensation
Key Employees and Officers Compensation Other
Merwin J Nabit (President) $0 $0
Charles J Nabit (Secretary) $0 $0
Michael C Hodes (Director) $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$320,566
Expenses
$274,412
Net Income
$46,154
Net Assets
$1,727,328
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $215,500
67.2%
Interest Revenue $984
0.3%
Dividends $49,203
15.3%
Sales of Assets $54,879
17.1%
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 $1,729,128
Total Liabilities $1,800
Net Assets $1,727,328

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$125,317
Expenses
$184,357
Net Income
-$59,040
Net Assets
$1,681,173
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $70,100
55.9%
Interest Revenue $20
0.0%
Dividends $53,868
43.0%
Sales of Assets $1,329
1.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $172,615
93.6%
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 $1,681,174
Total Liabilities $1
Net Assets $1,681,173

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Jan.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

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

Document Links

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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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Types of Nonprofits

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