Nasher Sculpture Center
- Assets
- $5.1m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Dallas, TX
- Founding
- 04/2003
- Data as of
- 09/2021
- EIN
- 02-0601628
Organization Overview
Nasher Sculpture Center is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Nasher Sculpture Center employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nasher Sculpture Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Nasher Sculpture Center generated $11.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $10.2m during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MUSEUM FEATURING MODERN ART
Describe the Organization's Program Activity:
THE NASHER SCULPTURE CENTER (CENTER) OPERATES A MUSEUM TO DISPLAY MODERN ART AND FROM TIME TO TIME FEATURES EXHIBITS OF WORKS BORROWED FROM OTHER MUSEUMS. THE CENTER HAD 44063 VISITORS IN THE CURRENT FISCAL YEAR.
THE CENTER CONDUCTS EDUCATIONAL PROGRAMS FOR MEMBERS AND VISITORS ABOUT MODERN ART THROUGH FREE FIRST SATURDAY, STUDENT TOURS, TEACHER WORKSHOPS, MUSEUM FORUM FOR TEACHERS, SUMMER INSTITUTE FOR TEENS, HOMESCHOOL WORKSHOPS, MUSEUM 101, AND STUDIO 360. DURING THE TAX YEAR 2020-2021, THERE WERE 7083 PARTICIPANTS IN THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Strick Executive Director | Officer | 40 | $566,754 |
Neil Mcglennon Administrative Director | Officer | 40 | $235,414 |
John Mcbride Chief Financial Officer | Officer | 40 | $218,430 |
Jill Magnuson Director Of External Affairs | Officer | 40 | $212,427 |
David Morse Chief Curator | Officer | 40 | $142,356 |
Joyce Cravens Information Technology | Officer | 40 | $124,861 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xavier Hufkens Sculpture Purchase | 9/29/21 | $236,564 |
Displays Unlimited Inc Art Handling/storage | 9/29/21 | $313,421 |
Allied Universal Security Security | 9/29/21 | $574,530 |
Ahi Facility Services Inc Janitorial | 9/29/21 | $201,705 |
Reliant Energy Utilities | 9/29/21 | $189,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,534 |
| Fundraising events | $293,538 |
| Related organizations | $5,020,000 |
| Government grants | $1,346,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,730,234 |
| Noncash contributions included in lines 1a–1f | $190,629 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,492,320 |
| Total Program Service Revenue | $1,130,222 |
| Investment income | $20,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $263,775 |
| Net Gain/Loss on Asset Sales | $86,661 |
| Net Income from Fundraising Events | $111,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,192,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,425,653 |
| Compensation of current officers, directors, key employees. | $713,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,116,315 |
| Pension plan accruals and contributions | $113,256 |
| Other employee benefits | $733,503 |
| Payroll taxes | $255,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,582 |
| Fees for services: Accounting | $96,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,625 |
| Fees for services: Investment Management | $5,791 |
| Fees for services: Other | $892,455 |
| Advertising and promotion | $521,975 |
| Office expenses | $1,494,368 |
| Information technology | $182,717 |
| Royalties | $0 |
| Occupancy | $778,018 |
| Travel | $35,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,916 |
| Insurance | $134,445 |
| All other expenses | $192,431 |
| Total functional expenses | $10,183,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $757,804 |
| Accounts receivable, net | $190,695 |
| Loans from Officers, Directors, or Controlling Persons | $550,063 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,842 |
| Prepaid expenses and deferred charges | $344,819 |
| Net Land, buildings, and equipment | $974,274 |
| Investments—publicly traded securities | $1,725,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$507,884 |
| Total assets | $5,120,886 |
| Accounts payable and accrued expenses | $1,111,503 |
| Grants payable | $0 |
| Deferred revenue | $326,147 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,437,650 |
| Net assets without donor restrictions | $1,566,088 |
| Net assets with donor restrictions | $2,117,148 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,120,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nasher Sculpture Center has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Turningpoint Foundation Dallas, TX PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $1,527,700 |
| Earnings | $238,267 |
| Net Contributions | $50,000 |
| Ending Balance | $1,815,967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |