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← NICHOLLS STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by NICHOLLS STATE UNIVERSITY FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 9 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$7,899,662 changed to $7,734,150
Total expenses
$6,782,074 changed to $4,921,893
Contributions and grants received
$6,931,328 changed to $6,761,762
Grants paid
$6,135,707 changed to $4,393,531
Investment income
$797,214 changed to $792,518
Other revenue
$494 changed to $9,244
Total assets, end of year
$32,393,640 changed to $33,722,347
Total liabilities, end of year
$13,265,690 changed to $12,976,064
Net assets or fund balances, end of year
$19,127,950 changed to $20,746,283
Program services expenses
$6,135,707 changed to $4,393,531
Management and general expenses
$576,347 changed to $449,592
Fundraising expenses
$70,020 changed to $78,770
Program service expenses (Part III)
$6,135,707 changed to $4,393,531

Totals

Total revenue
$7,734,150
Total expenses
$4,921,893
Contributions and grants received
$6,761,762
Grants paid
$4,393,531
Program service revenue
$170,626
Investment income
$792,518
Other revenue
$9,244
Total assets, end of year
$33,722,347
Total liabilities, end of year
$12,976,064
Net assets or fund balances, end of year
$20,746,283
Program services expenses (Part IX)
$4,393,531
Management and general expenses
$449,592
Fundraising expenses
$78,770
Program service expenses (Part III)
$4,393,531

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,761,762

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $170,626 · related or exempt $170,626

  • 3 · Investment income

    total $335,187 · excluded $335,187

  • 5 · Royalties

    total $61 · excluded $61

  • 7a · Gross sales of assets other than inventory

    securities $7,917,563

  • 7b · Less cost or other basis and sales expenses

    securities $7,460,232

  • 7c · Gain or loss

    securities $457,331

  • 7d · Net gain or loss

    total $457,331 · excluded $457,331

  • 8a · Fundraising events: gross income

    $9,183

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $9,183 · excluded $9,183

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,393,531 · program services $4,393,531

  • 5 · Compensation of officers, directors and key employees

    total $100,750 · management and general $100,750

  • 8 · Pension plan contributions

    total $3,110 · management and general $3,110

  • 9 · Other employee benefits

    total $62,319 · management and general $62,319

  • 10 · Payroll taxes

    total $10,771 · management and general $10,771

  • 11b · Fees: legal

    total $11,885 · management and general $11,885

  • 11c · Fees: accounting

    total $86,135 · management and general $86,135

  • 11g · Fees: other

    total $23,851 · management and general $23,851

  • 13 · Office expenses

    total $68,762 · management and general $65,896 · fundraising $2,866

  • 17 · Travel

    total $165 · management and general $165

  • 20 · Interest

    total $148,761 · management and general $148,261 · fundraising $500

  • 23 · Insurance

    total $4,639 · management and general $4,639

  • 24a · Other expenses: POSTAGE

    total $56,070 · management and general $1,001 · fundraising $55,069

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $33,797 · management and general $33,797

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $27,406 · management and general $27,406

  • 24d · Other expenses: BANK & CREDIT CARD CHAR

    total $17,166 · management and general $17,166

  • 24e · All other expenses

    total -$127,225 · management and general -$147,560 · fundraising $20,335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,244,134 · end of year $4,248,257

  • 2 · Savings and temporary cash investments

    beginning of year $1,100,067 · end of year $2,759,223

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $764,427

  • 4 · Accounts receivable

    beginning of year $171,011 · end of year $639,586

  • 7 · Other notes and loans receivable

    beginning of year $1,707,421 · end of year $1,583,070

  • 11 · Investments: publicly traded securities

    beginning of year $24,432,635 · end of year $23,605,885

  • 15 · Other assets

    beginning of year $119,412 · end of year $121,899

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,093 · end of year $22,031

  • 23 · Secured mortgages and notes payable

    beginning of year $813,701 · end of year $663,673

  • 24 · Unsecured notes and loans payable

    beginning of year $2,500,000 · end of year $2,513,704

  • 25 · Other liabilities

    beginning of year $9,534,270 · end of year $9,776,656

  • 27 · Net assets without donor restrictions

    beginning of year -$1,112,191 · end of year -$1,437,806

  • 28 · Net assets with donor restrictions

    beginning of year $18,890,807 · end of year $22,184,089

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO PROMOTE, DEVELOP AND ASSIST NICHOLLS STATE UNIVERSITY.

  • SUPPORT FOR PROGRAMS AT NICHOLLS STATE UNIVERSITY

    Expenses $4,393,531 · Grants $4,393,531 · Revenue $170,626

As filed on the 2022 return.

Listed in Part VII

  • Jeremy Becker

    EXECUTIVE DIRECTOR

    Total calculated
    $100,750
    From this org
    $94,705
    From related orgs
    $0
    Other
    $6,045
    Hours/week
    40

  • Donald Bollinger

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dan Duplantis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chris Riviere

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Arlen Cenac

    SEC./TREAS.

    Total calculated
    $0
    Hours/week
    1

  • Hugh Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R E Bob Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexis Duval

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Pitre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hunt Downer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • NICHOLLS STATE UNIVERSITY

    $4,393,531

    ASSISTING AND PROMOTING NSU

Provenance

Return type
form_990
Tax year
2022
Filed
18 September 2024
IRS schema version
2022v5.0
Source object
202531359349307513

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