Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
NICHOLAS FAMILY FOUNDATION TRUST
C/O LYNN S NICHOLAS
Number and street (or P.O. box number if mail is not delivered to street address)10309 N RIVER RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEQUON, WI530924561
A Employer identification number

39-6589261
B Telephone number (see instructions)

(262) 242-3040
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$77,335,450J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,335 17,335  
4 Dividends and interest from securities... 1,066,861 1,066,861  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,759,977
b Gross sales price for all assets on line 6a 2,010,115
7 Capital gain net income (from Part IV, line 2)... 1,759,977
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
344,767 252,789  
12 Total. Add lines 1 through 11........ 3,188,940 3,096,962  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,000 36,000   84,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 9,180 2,754   6,426
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,870 1,574   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,613 19,613   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 156,706 59,941   90,426
25 Contributions, gifts, grants paid....... 3,371,167 3,371,167
26 Total expenses and disbursements. Add lines 24 and 25 3,527,873 59,941   3,461,593
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -338,933
b Net investment income (if negative, enter -0-) 3,037,021
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 7,132,113 6,564,101 6,564,101
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   102,400 102,400
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,572,591 Click to see attachment
List of Attached Documents:
// Content
7,503,240 		12,640,610
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 35,971,616 Click to see attachment
List of Attached Documents:
// Content
36,167,645 		58,028,339
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,676,320 50,337,386 77,335,450
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,340 		Click to see attachment
List of Attached Documents:
// Content
17,340
23 Total liabilities (add lines 17 through 22)......... 17,340 17,340
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 50,658,980 50,320,046
29 Total net assets or fund balances (see instructions)..... 50,658,980 50,320,046
30 Total liabilities and net assets/fund balances (see instructions). 50,676,320 50,337,386
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
50,658,980
2
Enter amount from Part I, line 27a .....................
2
-338,933
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
50,320,047
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
50,320,046
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a WESTERN ALLIANCE   2023-10-23 2023-04-17
b PLAINS ALL AMERICAN PIPELINE   2022-12-31  
c ENTERPRISE PRODUCTS PARTNERS   2022-12-31  
d CEDAR FAIR   2022-12-31  
e CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 250,000   250,000 0
b 11,426     11,426
c       -22
d       -116
e 1,748,689     1,748,689
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       0
b       11,426
c       -22
d       -116
e       1,748,689
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,759,977
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 42,215
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 42,215
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 42,215
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 64,819
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 64,819
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 22,604
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow22,604 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowLYNN NICHOLAS Telephone no.right arrow (262) 242-3040

Located atright arrow10309 N RIVER RDMEQUONWI ZIP+4right arrow53092
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
NANCY J NICHOLAS TRUSTEE
0.00 		0 0 0
6002 N HIGHWAY 83
CHENEQUA,WI53029
LYNN S NICHOLAS PRESIDENT - TRUSTEE
25.00 		120,000 0 0
10309 N RIVER ROAD
MEQUON,WI53092
SUSAN N FASCIANO TRUSTEE
0.00 		0 0 0
2533 INDIAN RIDGE DRIVE
GLENVIEW,IL60025
DAVID O NICHOLAS TRUSTEE
0.00 		0 0 0
7181 HORSESHOE BAY RD
EGG HARBOR,WI54209
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
64,645,139
b
Average of monthly cash balances.......................
1b
6,670,052
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
71,315,191
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
71,315,191
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,069,728
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
70,245,463
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,512,273
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,512,273
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
42,215
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
42,215
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,470,058
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,470,058
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,470,058
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,461,593
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,461,593
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,470,058
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,340,040
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,461,593
a Applied to 2022, but not more than line 2a 3,340,040
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 121,553
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		3,348,505
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LYNN NICHOLAS NICHOLAS FAMILY FOUND
10309 NORTH RIVER ROAD
MEQUON,WI53092
(262) 242-3040
LNICHOLAS23@ATT.NET
bThe form in which applications should be submitted and information and materials they should include:
TYPE WRITTEN LETTER WITH HISTORY AND PURPOSE OF ORGANIZATION
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
TO 501 (C)(3) EXEMPT ORGANIZATIONS
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALS ASSOCIATION SE WI CHAPTER

2421 N MAYFAIR ROAD STE 212
WAUWATOSA,WI53226 		  PC BOUGHT TABLE AT BALL. DEDICATED TO FIGHT AGAINST ALS THROUGH RESEARCH, PATIENT SUPPORT AND INFORMATION AWARENESS. 50,000

BALANCE INC

1350 14TH AVE 4
GRAFTON,WI53024 		  PC ANNUAL CAMPAIGN. DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PERSONS WITH DEVELOPMENTAL DISABILITIES. 20,000

BIRCH CREEK MUSIC PERFORMANCE CENTER INC

3821 COUNTY E PO BOX 230
EGG HARBOR,WI54209 		  PC ANNUAL CAMPAIGN. SUMMER MUSIC ACADEMY IN DOOR CTY WI FOR ADVANCED YOUNG MUSICANS. 15,000

CHILDREN'S HOSPITAL & HEALTH SYSTEM FOUNDATION

MS 3050 PO BOX 1997
MILWAUKEE,WI53201 		  PC ANNUAL CAMPAIGN. ADVANCE THE WORK OF PEDIATRIC PATIENT CARE, REASEARCH AND TEACHING. 250,000

DISCOVERY WORLD

500 N HARBOR DRIVE
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. MILWAUKEE'S PREMIER, NON-PROFIT SCIENCE AND TECHNOLOGY CENTER FOR THE ENTIRE FAMILY. 10,000

EXCEPTIONAL CHILDREN'S FOUNDATION

8740 WASHINGTON BLVD
CULVER CITY,CA90232 		  PC ANNUAL CAMPAIGN. OFFERS SPECIALIZED EDUCATIONAL AND THERAPEUTIC PROGRAMS AND SERVICES TO CHILDREN, YOUTH AND YOUNG ADULTS CHALLENGED BY LEARNING, DEVELOPMENTAL, EMOTIONAL OR MEDICAL DISABILITIES. 25,000

FAMILY PROMISE OF OZAUKEE COUNTY

PO BOX 499
PORT WASHINGTON,WI53074 		  PC ANNUAL CAMPAIGN - TO PROVIDE EMERGENCY SHELTER, MEALS & EXPERT MGMT TO HOMELESS CHILDREN AND THEIR FAMILIES. 50,000

FIRST STAGE CHILDREN'S THEATER

929 NORTH WATER STREET
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. PROVIDE EXCEPTIONAL, PROFESSIONAL THEATER EXPERIENCES AND SERVE AS THEATER ARTS-IN-EDUCATION RESOURCE FOR EDUCATORS. 25,000

GIBRALTAR FIRE & RESCUE ASSOCIATION

PO BOX 850
FISH CREEK,WI54212 		  PC CAPITAL CAMPAIGN. PURPOSE IS PROTECTING LIFE AND PROPERTY IN CASE OF FIRE OR OTHER CALAMITY AND EXTINGUISHING FIRES ENDANGERING LIFE AND PROPERTY IN GIBRALTAR. ALSO PROVIDES RESCUE SERVICES ON LAKE MICHIGAN. 25,000

GREEN TREE GARDEN CLUB

12552 LAKE SHORE DRIVE
MEQUON,WI53092 		  PC ANNUAL CAMPAIGN. TO PROMOTE GREATER UNDERSTANDING OF THE INTERDEPENDENCE OF HORTICULTURE, ENTIRONMENTAL PROTECTION AND COMMUNITY IMPROVEMENT. 5,000

HISTORIC HAYMARKET MILWAUKEE

800 W WELLS ST
MILWAUKEE,WI53233 		  PC CAPITAL CAMPAIGN. SUPPORTS PERMANENT OR SPECIAL EXHIBIT HABITATS, EDUCATIONAL PROGRAMS, OR NAMES FOR A CURATORIAL CHAIR FOR THE MILWAUKEE PUBLIC MUSEUM. 200,000

KATHY'S HOUSE

600 N 103RD ST
MILWAUKEE,WI53226 		  PC CAPITAL CAMPAIGN. TO HELP PATIENTS ACCESS NECESSARY AND LIFE-SAVING CARE AND KEEP FAMILIES TOGETHER AT A TIME WHEN FAMILY MATTERS MOST 166,667

LAD LAKEST ROSE CENTER

3801 NORTH 88TH STREET
MILWAUKEE,WI53222 		  PC ANNUAL CAMPAIGN. CHANGING HEARTACHE TO HOPE FOR WOMEN, GIRLS AND FAMILIES IN NEED BY PROVIDING RESIDENTIAL CARE, STABILIZATION PLACEMENT AND RESPITE CARE. 75,000

MACC FUND

1200 N MAYFAIR ROAD SUITE 265
MILWAUKEE,WI53226 		  PC ANNUAL CAMPAIGN AND HOPE TEAM. SUPPORTS RESEARCH, EFFECIVE TREATMENT AND CURE FOR CHILDHOOD CANCER. 237,000

MADISON AREA MUSIC ASSOCIATION

3921 ANCHOR DR
MADISON,WI53714 		  PC ALTERNATIVE STATEWIDE MUSIC COMPETITION. TO PROVIDE LEADERSHIP AND SUPPORT FOR SCHOOL MUSIC PROGRAMS THAT ENCOURAGE LIFELONG INVOLVEMENT IN MUSIC. 50,000

MAKE-A-WISH FOUNDATION OF WISCONSIN

13195 WEST HAMPTON AVENUE
BUTLER,WI53007 		  PC ANNUAL CAMPAIGN. GRANTS THE WISHES OF CHILDREN WITH LIFE-THREATENING ILLNESSES TO ENRICH THE HUMAN EXPERIENCE WITH HOPE, STRENGTH AND JOY. 20,000

NATIVITY JESUIT ACADEMY

1515 SOUTH 29 ST
MILWAUKEE,WI532151912 		  PC CAPITAL CAMPAIGN. TO ADDRESS THE NEEDS OF LATINO COMMUNITY, WHERE THERE IS A DEMAND FOR QUALITY CATHOLIC SCHOOLS. 50,000

OUR NEXT GENERATION INC

804 E JUNEAU AVENUE
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. ENHANCING EDUCATION & LIFE SKILLS OF CHILDREN THROUGH PROGRAMS SUCH AS THE HOMEWORK CLUB. 25,000

PENINSULA GOLF ASSOCIATES

9890 SHORE ROAD
EPHRIAM,WI54211 		  PC CAPITAL CAMPAIGN. SUPPORT OF THE IMPROVEMENTS THAT MAKE PENINSULA GOLF COURSE A SPECIAL PLACE. 25,000

PENINSULA PLAYERS THEATER FOUNDATION

4351 PENINSULA PLAYERS ROAD
FISH CREEK,WI54212 		  PC ANNUAL CAMPAIGN. TO SUPPORT A TRADITION OF THEATRICAL EXCELLENCE AND NATURAL BEAUTY ON SHOREFRONT PROPERTY IN DOOR COUNTY. 25,000

PREVENT BLINDNESS WISCONSIN

731 N JACKSON STREET STE 220
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. PROMOTE HEALTH VISION AND EYE SAFETY. 100,000

RAWHIDE BOYS RANCH

E7475 RAWHIDE ROAD
NEW LONDON,WI54961 		  PC SUPPORT THE COUNSELING SERVICES. RESIDENTIAL TREATMENT AND COUNSELING SERVICES DEDICATED TO CHANGING THE LIVES OF AT RISK YOUTH AND THEIR FAMILIES. 50,000

ROCKFORD PARK DISTRICT FOUNDATION

401 S MAIN ST
ROCKFORD,IL61101 		  PC ANNUAL ENDOWMENT. SUPPORTS ENHANCEMENTS AND PROGRAMMING AT THE NICHOLAS CONSERVATORY AND GARDENS. 500,000

SOJOURNER FAMILY PEACE CENTER

619 W WALNUT STREET
MILWAUKEE,WI53212 		  PC ANNUAL CAMPAIGN. PREVENT AND ELIMINATE VIOLENCE IN A FAMILY SETTING BY PROVIDING SHELTER FOR BATTERED WOMEN AND CHILDREN. 35,000

ST COLETTA DAY SCHOOL OF MILWAUKEE

1740 NORTH 55TH STREET
MILWAUKEE,WI53208 		  PC ANNUAL CAMPAIGN. PROVIDE AN ACADEMIC CURRICULUM DESIGNED TO MEET THE SPECIAL LEARNING NEEDS OF EACH STUDENT TO HELP PREPARE THEM TO REACH FULL LEARNING POTENTIAL. 20,000

THE GATHERING OF SOUTHEASTERN WISCONSIN

804 EAST JUNEAU AVENUE
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. PROVIDES FOOD FOR THE HUNGRY. ALSO SPONSORS JOB TASK FORCES, CHILDREN'S TUTORING, COMMUNITY-BASED BIBLE STUDY AND SOCIAL SERVICE REFERRALS. 35,000

THE SALVATION ARMY

4757 NORTH 76TH STREET
MILWAUKEE,WI53218 		  PC ANNUAL CAMPAIGN. PREACHING THE GOSPEL OF JESUS AND MEET THE HUMAN NEEDS IN HIS NAME WITHOUT DISCRIMINATION. 25,000

THE SAMARITAN FAMILY WELLNESS FOUNDATION INC

2858 UNIVERSITY AVE STE 328
MADISON,WI537053644 		  PC SUPPORT PROGRAM FOR PSYCHO THERAPY AT UW MADISON. COMMITTED TO SERVING INDIVIDUALS, FAMILIES AND ORGANIZATIONS THROUGH WHOLE PERSON WELLNESS SERVICES INCLUDING COACHING, CONSULTATION AND PSYCHO THERAPY. 228,500

UNITED WAY OF GREATER MILWAUKEE

225 W VINE ST
MILWAUKEE,WI53212 		  PC ANNUAL CAMPAIGN. SERVES THE COMMUNITY BY DEVELOPING AND MAXIMIZING RESOURCES TO ENABLE POSITIVE CHANGE IN THE LIVES OF PEOPLE IN MILWAUKEE. 225,000

UW FOUNDATION - GUARDING AGAINST CANCER

1848 UNIVERSITY AVENUE
MADISON,WI53726 		  PC ANNUAL CAMPAIGN. DEDICATED TO CANCER ELIMINATION THROUGH RESEARCH, EDUCATION, ADVOCACY AND SERVICE. 100,000

UWM FOUNDATION INC - BECKY BLANK CLASSROOM

1440 E NORTH AVE
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. SUPPORTING THE UNIVERSITY OF WISCONSIN- MILWAUKEE THROUGH GIFTS. BENEFITING THE UW-MILWAUKEE BUSINESS SCHOOL. 100,000

VERSITI BLOOD RESEARCH INSTITUTE

8733 W WATERTOWN PLANK RD PO BOX
2178
MILWAUKEE,WI53201 		  PC SUPPORT BLOOD RESEARCH. BLOOD HEALTH INNOVATORS WHO ENHANCE LIVES THROUGH INTEGRATION OF SCIENCE, MEDICINE AND SERVICE. 50,000

VISION FORWARD ASSOCIATION

912 N HAWLEY ROAD
MILWAUKEE,WI53213 		  PC ANNUAL CAMPAIGN. PROVIDES SERVICES FROM BIRTH TO ADULTHOOD TO PEOPLE WITH VISUAL IMPAIRMENTS HELPING THEM WITH PERSONAL, EDUCATIONAL AND PROFESSIONAL GOALS. 25,000

WISCONSIN HUMANE SOCIETY

4500 W WISCONSIN AVE
MILWAUKEE,WI53208 		  PC ANNUAL CAMPAIGN. TO SUPPORT ABUSED, NEGLECTED AND FORGOTTEN ANIMALS. 80,000

ZOOLOGICAL SOCIETY OF MILWAUKEE

1421 NORTH WATER STREET
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. SUPPORT, EDUCATE & CONSERVE PROGRAMS FOR ANIMALS AT THE ZOO. 25,000

AMERICAN RED CROSS GREATER MILW CHAPTER

2600 W WISCONSIN AVENUE
MILWAUKEE,WI53233 		  PC ANNUAL CAMPAIGN. TO PROVIDE RELIEF TO VICTIJS OF DISASTERS AND HELP PEOPLE PREVENT, PREPARE FOR AND RESPOND TO EMERGENCIES. 50,000

THE LITTLE WARRIOR FOUNDATION

PO BOX 2124
BROOKFIELD,WI53008 		  PC ANNUAL CAMPAIGN. TO PROMOTE RESEARCH FOR CHILDREN WITH CANCER. 15,000

THE OCCUPAWS GUIDE DOG ASSOCIATION

PO BOX 45857
MADISON,WI53744 		  PC ANNUAL CAMPAIGN. TO PLACE FULLY TRAINED GUIDE DOGS WITH VISUALLY IMPAIRED RESIDENTS OF WI AT NO CHARGE THROUGH AN IN-HOME TRAINING PROGRAM. 15,000

DELTA GAMMA FOUNDATION - OMEGA HOUSE CORPORATION

PO BOX 2187
COLUMBUS,GA31902 		  PC CAPITAL CAMPAIGN. PROMOTE EDUCATION, NUTURE MEANINGFUL FRIENDSHIPS AND BUILD WOMEN WITH STRONG IDEALS. 50,000

THE DOVE PROJECT

10100 SANTA MONICA BLVD SUITE 300
LOS ANGELES,CA90067 		  PC ANNUAL CAMPAIGN. TO SUPPORT THE END OF THE DOG MEAL TRADE IN SOUTH KOREA. TO PLACE RESCUED DOGS IN FOREVER HOMES. 50,000

WAUNAKEE HOOPS CLUB

PO BOX 243
WAUNAKEE,WI53597 		  PC ANNUAL CAMPAIGN. TO SUPPORT THE AB NICHOLAS BASKETBALL TOURNAMENT. 15,000

UW - PARKSIDE

PO BOX 2000 900 WOOD ROAD
KENOSHA,WI53141 		  PC SCHOLARSHIP. TO SUPPORT STUDENTS IN THEIR PURSUIT OF A HIGHER EDUCATION. 9,000

HAWS OF WAUKESHA COUNTY

701 NORTHVIEW ROAD
WAUKESHA,WI53188 		  PC ANNUAL CAMPAIGN. NO-KILL SHELTER DEDICATED TO STRENGTHING THE RELATIONSHIP BETWEEN ANIMALS AND HUMANS THROUGH ADOPTIONS AND EDUCATION. 25,000

THE LA BELLE FOUNDATION

PO BOX 36471
LOS ANGELES,CA90036 		  PC ANNUAL CAMPAIGN. DEVOTED TO SAVING, REHIBILITATING AND ADVOCATING FOR DOGS. 50,000

ELMBROOK HUMANE SOCIETY

20950 ENTERPRISE AVENUE
BROOKFIELD,WI53045 		  PC ANNUAL CAMPAIGN. TO PROVIDE SHELTER FOR HOMELESS ANIMALS, PROMOTE THE HUMAN ANIMAL BOND AND PREVENT ANIMAL CRUELTY AND NEGLECT. 15,000

THE RIDGES SANCTUARY

8166 HIGHWAY 57
BAILEYS HARBOR,WI54202 		  PC ANNUAL CAMPAIGN. TO PROMOTE POSITIVE ENVIRONMENTAL BEHAVIORS THROUGH IMPACTFUL EDUCATIONAL EXPERIENCES, LAND MANAGEMENT AND PROTECTION AND ECOLOGICAL RESEARCH. 25,000

OSHKOSH AREA HUMANE SOCIETY

1925 SHELTER COURT
OSHKOSH,WI54901 		  PC ANNUAL CAMPAIGN. TO PROVIDE COMPASSIONATE CARE AND COMFORT TO ANIMALS IN NEED AND TO BUILD COMMUNITY THAT PROMOTES HUMANE TREATMENT OF ALL ANIMALS. 25,000

PENINSULA SCHOOL OF ART

PO BOX 304
FISH CREEK,WI54212 		  PC CAPITAL CAMPAIGN. TO PROVIDE ENRICHING VISUAL ART EDUCATIONAL EXPERIENCES FOR PARTICIPANTS OF ALL AGES AND ABILITIES TO INSPIRE CREATIVITY AND BUILD COMMUNITY. 30,000

THE NORTHWEST DOG PROJECT

PO BOX 51266
EUGENE,OR97405 		  PC ANNUAL CAMPAIGN. RESCUE, REHOME AND ENHANCE THE LIVES OF NEGLECTED, ABUSED AND HOMELESS DOGS WHILE ADVOCATING FOR RESPONSIBLE PET OWNERSHIP. PROVIDE A FOREVER SANCTUARY FOR SENIOR ABANDONED DOGS. 25,000

UWM FOUNDATION

1440 E NORTH AVENUE
MILWAUKEE,WI53202 		  PC ANNUAL CAMPAIGN. SUPPORTING THE UNIVERSITY OF WISCONSIN - MILWAUKEE THROUGH GIFTS. BENEFITING THE UW - MILWAUKEE BUSINESS SCHOOL. 25,000
Total .................................right arrow 3a 3,371,167
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 17,335  
4 Dividends and interest from securities ....     14 1,066,861  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 262,801  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,759,977  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIPS 		  100,041 01    
bLOSS FROM PARTNERSHIPS     01 -10,012  
cLOSS FROM PARTNERSHIPS     01 -8,063  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 100,041 3,088,899 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,188,940
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HAWKINS ASH CPAS LLP - FOR TAX PREPARATION 7,870 1,574   0

TY 2023 InvestmentsCorpStockSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 7,503,240 12,640,610

TY 2023 InvestmentsOtherSchedule2
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS AT COST 35,194,315 51,246,460
PARTNERSHIPS/REITS AT COST 923,330 6,731,733
FIXED INCOME AT COST 50,000 50,146

TY 2023 OtherDecreasesSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Description Amount
ROUNDING 1


TY 2023 OtherExpensesSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 30 0   0
MISC 13 0   0


TY 2023 OtherIncomeSchedule2
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
DORCHESTER MINERALS LP - PASSTHROUGH ENTITY 262,801 262,801 262,801
PARTNERSHIPS 100,041   100,041
LOSS FROM PARTNERSHIPS -10,012 -10,012 -10,012
LOSS FROM PARTNERSHIPS -8,063   -8,063


TY 2023 OtherLiabilitiesSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED PAYROLL TAXES 17,340 17,340


TY 2023 TaxesSchedule
Name:
NICHOLAS FAMILY FOUNDATION TRUST
 
C/O LYNN S NICHOLAS
EIN:
39-6589261
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID BY PASSTHROUGH ENTITIES 19,613 19,613   0