The Nicholson Project EIN 83-3790431 Form 990 (PDF) Claim this org

The Nicholson Project FY2022 filing

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Supports artists and cultivates community through a residency and garden in a food desert. For fiscal year 2022 it reported $566K in revenue, $445K in expenses, and $192K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.thenicholsonproject.org
Filings
4 on file (2021–2022)
Revenue
$566KFY2022
Expenses
$445K
Net assets
$192K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  83-3790431 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports artists and cultivates community through a residency and garden in a food desert.
Leadership
Allison Nance · Managing Director · $79K
Money in and out
$566K revenue, $445K expenses
Bottom line
47% program efficiency
Where the money goes · FY2022
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$445K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $121K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.49 Fundraising $0.04
Program efficiency
47%
of spending reaches programs
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$566K
FY2022▲ +93%
Expenses
$445K
FY2022▲ +65%
Total assets
$192K
FY2022▲ +168%
Total liabilities
$0
FY2022
Total revenue
$566K
Pt VIII · Ln 12
Total expenses
$445K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$121K
Total assetsPt X · Ln 16$192K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Nicholson Project
EINHdr · item D83-3790431
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.thenicholsonproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Director
$78,600Pt VII · Sec A
Managing Director
$78,600Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member as of Sept.
$0Pt VII · Sec A
Executive Director and Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
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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Mission & Programs · Part III

Where the work happens

4 program services account for $318K of program spending, described in the organization's own filed words · FY2022.
01

Public Art Through Our Public Art Program

The nicholson project received a public art building communities grant from the DC commission on the arts and humanities to commission artist april banks to create "elevate (freedom is a place)." taking inspiration from the stoop, a common architectural feature in southeast DC and throughout other parts of the city, elevate (freedom is a…

$117Kprogram expense
02

Public Art Through our Public Art Program, The Nicholson Project received a Public Art Building Communites Grant from the DC Commission on the Arts and Humanities to commission artist April Banks to create "Elevate (Freedom is a Place)." Taking inspiration from the stoop, a common architectural feature in Southeast DC and throughout…

$107Kprogram expense
03

Artist Residency

The nicholson project's artist residency program comprised four ten-week, in-house residencies and five 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…

$47Kprogram expense
04

Artist Residency The Nicholson Project's Artist Residency Program comprised four ten-week, In-House Residencies and five 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…

$47Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$566K
— government grantsLn 1e$402K
Total revenueLn 12$566K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.49 Fundraising $0.04
Program services49%$216K
Management & general49%$219K
Fundraising4%$18K
Total functional expensesLn 25$445K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$192K
Total liabilitiesLn 26$0
Total net assetsLn 32$192K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $445K
1.9 months
Where the money goes
Program services
Program services $207K · Total expenses $445K
47%
Management & General
Management & general $219K · Total expenses $445K
49%
Fundraising
Fundraising $18K · Total expenses $445K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $161K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $566K · Total revenue $566K
100%
Government reliance
Government grants $402K · Total revenue $566K
71%
Earned-income share
Program service revenue $0 · Total revenue $566K
0%
Investment reliance
Investment income $0 · Total revenue $566K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $445K
0%
Growth & trend
Revenue growth (YoY)
This year $566K · Prior year $293K
+93%
Net-asset trend (YoY)
End of year $192K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $566K · Expenses $445K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $192K
Net-asset ratio
Net assets $192K · Total assets $192K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $192K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Allison Nance · Reported title MANAGING DIRECTOR · Highest reported compensation $79K · Total expenses $445K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $445K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 49%
Fundraising cost ratio 3%
Revenue growth 93%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 3%
Fundraising fee ratio 4%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$345K revenue · ⤓ 990 PDF
FY2023$540K revenue · ⤓ 990 PDF
FY2022$566K revenue · viewing · ⤓ 990 PDF
FY2021$293K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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