The Nicholson Project
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Supports artists and cultivates community through a residency and garden in a food desert. For fiscal year 2024 it reported $345K in revenue, $295K in expenses, and $358K in net assets.Pt I
Summary of the Filing
Where the work happens
Artist Residency
The nicholson project's artist residency program comprised four ten-week, in-house residencies and four one-week digital residencies. In-house residents were awarded a ten-week residency to live and work on-site in a fully furnished apartment and artist studio, a $5,000 stipend, support from guest curators and staff, $2,000 to develop a…
Garden
The nicholson project's garden consists of 15 raised beds of organic produce and herbs. The garden manager oversees the planting, harvesting, and distribution of the produce and serves as an educator and the main point of contact for our garden activities and distribution during peak growing season.
Exibitions
The nicholson project's exhibitions support and promote the work of the in-house artist residents and other artists from the region and beyond. In 2024, the nicholson project presented three exhibitions and six accompanying public programs.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Allison Nance | $71,728 | $73,109 | $78,600 | — |
| Allison Nance | — | — | $78,600 | $43,750 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 66% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 13% | — | — |
| Revenue growth | -36% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 5% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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