Nasher Foundation 101796
- Assets
- $126.3m
- Revenue
- $7.0m
- Investments
- $56.9m
- Employees
- 0
- Location
- Forney, TX
- Founding
- 04/1997
- Data as of
- 09/2021
- EIN
- 75-2674048
Organization Overview
Nasher Foundation 101796 is located in Forney, TX. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nasher Foundation 101796 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 Foundation 101796 generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $7.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXPENDED FUNDS DURING THE CURRENT TAX YEAR RELATING TO THE OPERATION OF A SCULPTURE CENTER OPEN TO THE PUBLIC IN THE ARTS DISTRICT OF DALLAS TEXAS. THERE WERE 44063 VISITORS TO THE SCULPTURE CENTER DURING THE CURRENT TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Stamas Dir/bd Chm | 2 | $0 | |
David H Haemisegger Dir/president | 5 | $0 | |
Nancy N Haemisegger Director | 2 | $0 | |
Byron A Parker CPA Treasurer | 1 | $0 | |
Andrea Nasher Director | 2 | $0 | |
Jill Mangnuson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $213 |
| Dividends & Interest | $2,240,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,758,285 |
| Capital Gain Net Income | $4,758,285 |
| Net ST Capital Gain | $639,365 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,339 |
| Total Revenue | $7,023,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,052 |
| Depreciation | $1,515,755 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $503,401 |
| Total operating and administrative expenses | $2,748,637 |
| Contributions, gifts, grants paid | $4,910,000 |
| Total expenses and disbursements | $7,658,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $559,260 |
| Savings and temporary cash investments | $26,257,716 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,012,045 |
| Net Land, buildings, and equipment | $39,778,194 |
| Other assets | $2,831,500 |
| Total assets | $126,332,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |