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Nonprofit · EIN 41-1572346

NICHOLSON FAMILY FOUNDATION

Tax-exempt · SAINT PAUL, MN 55102

Financials

$827K$953K2023$1.9M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of NICHOLSON FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,949,605$1,105,184$844,421$15,414,714$133,000$15,281,714
December 31, 2023990-PF$827,211$953,040-$125,829$14,911,368$140,072$14,771,296
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$253,948
Dividends
$451,020
Net gain from sales of assets
$1,221,723
Other income
$22,914

Expenses

Grants and similar amounts paid
$902,138
Compensation of officers, directors and key employees
$25,000
Disbursements for charitable purposes
$949,026
Excise tax on investment income
$21,580

Balance sheet and other

Total assets, start of year
$14,911,368
Total assets, end of year
$15,414,714
Total liabilities, end of year
$133,000
Net assets, end of year
$15,281,714
Fair market value of assets
$20,740,239
Qualifying distributions
$949,026
Net investment income
$1,695,657

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RICHARD H NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
PRESIDENT2$25,000
DAVID O NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
VICE PRESIDENT0$0
FORD J NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
SECRETARY0$0
TODD S NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
TREASURER0$0
PONDIE N TAYLOR
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
MANAGER/ADVISOR0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
RICHARD H NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
PRESIDENT2$20,000
DAVID O NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
VICE PRESIDENT0$0
FORD J NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
SECRETARY0$0
TODD S NICHOLSON
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
TREASURER0$0
PONDIE N TAYLOR
6 WEST FIFTH STREET SUITE 200, ST PAUL, MN 55102
MANAGER/ADVISOR0$0

Address and contacts

Address (IRS master file)
6 5TH ST W STE 200, SAINT PAUL, MN 55102-1490
In care of
% RICHARD H NICHOLSON
Signed the 990-PF
RICHARD H NICHOLSON, DIRECTOR
Phone
(651) 290-0549
Return prepared by
DRAFTCO & ASSOCIATES INC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
41-1572346
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1987
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$15,414,714
Income (IRS master file)
$4,470,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,949,605$1,105,184$15,414,714XML
990-TDecember 2024–––IRS
990-PFDecember 2023$827,211$953,040$14,911,368XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1572346).

Questions about NICHOLSON FAMILY FOUNDATION

What is the EIN of NICHOLSON FAMILY FOUNDATION?
The employer identification number (EIN) of NICHOLSON FAMILY FOUNDATION is 41-1572346.
Is NICHOLSON FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to NICHOLSON FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does NICHOLSON FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of NICHOLSON FAMILY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NICHOLSON FAMILY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of NICHOLSON FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $25,000 (RICHARD H NICHOLSON, PRESIDENT).
How much revenue does NICHOLSON FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,949,605, expenses of $1,105,184 and total assets of $15,414,714 at year end.

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