Nelson Gallery Foundation
- Assets
- $610.8m
- Revenue
- $25.7m
- Investments
- $177.7m
- Employees
- 453
- Location
- Kansas City, MO
- Founding
- 07/1957
- Data as of
- 04/2022
- EIN
- 44-6012977
Organization Overview
Nelson Gallery Foundation is located in Kansas City, MO. The organization was established in 1957. 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 04/2022, Nelson Gallery Foundation employed 453 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nelson Gallery Foundation 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 04/2022, Nelson Gallery Foundation generated $25.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $35.6m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGEMENT OF PUBLIC INTEREST IN ART.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julian Zugazagoitia Director/ceo | Officer | 35 | $702,876 |
Karen Christiansen Chief Operating Officer | Officer | 35 | $386,799 |
Hathaway Maranda Vice President, Development | 35 | $212,355 | |
Steven Waterman Deputy Director, Design & Exp | 35 | $195,663 | |
William Rudolph Deputy Dir, Curatorial Affairs | 35 | $184,101 | |
Amanda Stone Vice President, Earned Income | 35 | $178,438 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Je Dunn Construction Company Construction | 4/29/22 | $742,832 |
True North Outdoor Lawn Service | 4/29/22 | $397,465 |
Grenzebach Glier Associates Inc Consulting Services | 4/29/22 | $201,332 |
Sullivan Cotter Holdings Inc Legal Services | 4/29/22 | $149,223 |
Marvin Suarez Janitorial Service | 4/29/22 | $236,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,017,322 |
| Fundraising events | $1,381,154 |
| Related organizations | $1,769,663 |
| Government grants | $6,496,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,194,488 |
| Noncash contributions included in lines 1a–1f | $53,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,859,052 |
| Total Program Service Revenue | $1,344,914 |
| Investment income | $1,550,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,097 |
| Net Rental Income | $4,072 |
| Net Gain/Loss on Asset Sales | $1,323,731 |
| Net Income from Fundraising Events | -$61,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $717,895 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,702,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,237,507 |
| Compensation of current officers, directors, key employees. | $174,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,306,631 |
| Pension plan accruals and contributions | $650,006 |
| Other employee benefits | $1,324,155 |
| Payroll taxes | $916,721 |
| Fees for services: Management | $177,471 |
| Fees for services: Legal | $42,563 |
| Fees for services: Accounting | $26,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,132,023 |
| Fees for services: Other | $3,667,030 |
| Advertising and promotion | $247,251 |
| Office expenses | $1,741,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,453,184 |
| Travel | $132,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $878,618 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,999,079 |
| Insurance | $206,301 |
| All other expenses | $437,625 |
| Total functional expenses | $35,576,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,024,476 |
| Savings and temporary cash investments | $2,604,229 |
| Pledges and grants receivable | $62,028,497 |
| Accounts receivable, net | $184,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $111,166 |
| Prepaid expenses and deferred charges | $100,042 |
| Net Land, buildings, and equipment | $182,514,740 |
| Investments—publicly traded securities | $170,196,220 |
| Investments—other securities | $177,704,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,313,663 |
| Total assets | $610,782,059 |
| Accounts payable and accrued expenses | $5,237,126 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $129,570,000 |
| 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 | $134,807,126 |
| Net assets without donor restrictions | $268,100,512 |
| Net assets with donor restrictions | $207,874,421 |
| 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 | $610,782,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nelson Gallery Foundation has recieved totaling $35,188.
| Awarding Organization | Amount |
|---|---|
Herbert Vincent Jones Jr Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $35,188 |
Endowment Analysis
| Beg. Balance | $274,765,741 |
| Earnings | -$2,867,322 |
| Admin Expense | $1,132,022 |
| Net Contributions | $3,178,652 |
| Other Expense | $13,872,004 |
| Ending Balance | $260,073,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $58,316,106 | $17,726,545 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |