Nasw Foundation
- Assets
- $6.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Cape May, NJ
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 22-3407964
Organization Overview
Nasw Foundation is located in Cape May, NJ. The organization was established in 1996. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Nasw Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nasw 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 12/2023, Nasw Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $811.5k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORICAL AVIATION MUSEUM
Describe the Organization's Program Activity:
RESTORATION OF HANGAR 1 INTO AN AVIATION MUSEUM TO DISPLAY HISTORIC AIRCRAFT AND TO EDUCATE THE PUBLIC AS TO THEIR CONTRIBUTIONS INTO HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sen Nicholas Asselta Member | Trustee | 1 | $0 |
Tom Camp Member | Trustee | 1 | $0 |
Joseph Cirrinicione Member | Trustee | 1 | $0 |
Mary Lou Dordan Member | Trustee | 1 | $0 |
John Gagliano Member | Trustee | 1 | $0 |
Jim Krombach Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,892 |
| Related organizations | $0 |
| Government grants | $925,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,417 |
| Noncash contributions included in lines 1a–1f | $5,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,425 |
| Total Program Service Revenue | $576,343 |
| Investment income | $31,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $734 |
| Net Rental Income | $745 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $141,436 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,802,554 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,905 |
| Pension plan accruals and contributions | $6,236 |
| Other employee benefits | $0 |
| Payroll taxes | $34,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $962 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,050 |
| Office expenses | $23,207 |
| Information technology | $9,140 |
| Royalties | $0 |
| Occupancy | $28,303 |
| Travel | $5,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,107 |
| Insurance | $55,379 |
| All other expenses | $24,278 |
| Total functional expenses | $811,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $968 |
| Savings and temporary cash investments | $94,649 |
| Pledges and grants receivable | $569,672 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,726 |
| Prepaid expenses and deferred charges | $23,648 |
| Net Land, buildings, and equipment | $3,585,306 |
| Investments—publicly traded securities | $1,340,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,744 |
| Other assets | $589,489 |
| Total assets | $6,304,146 |
| Accounts payable and accrued expenses | $110,694 |
| Grants payable | $1,142 |
| Deferred revenue | $41,401 |
| 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 | $153,237 |
| Net assets without donor restrictions | $6,150,909 |
| Net assets with donor restrictions | $0 |
| 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 | $6,304,146 |