Nelson Gallery Foundation
- Assets
- $572.2m
- Revenue
- $35.5m
- Investments
- $128.8m
- Employees
- 629
- Location
- Kansas City, MO
- Founding
- 07/1957
- Data as of
- 04/2020
- EIN
- 44-6012977
Nelson Gallery Foundation 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 04/2020, Nelson Gallery Foundation employed 629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 04/2020, Nelson Gallery Foundation generated $35.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $46.6m during the year ending 04/2020. While expenses have increased by 3.4% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGEMENT OF PUBLIC INTEREST IN ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.
Nelson Gallery Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julian Zugazagoitia Director/ceo | Officer | 35 | $740,096 |
Karen Christiansen Chief Operating Officer | Officer | 35 | $333,423 |
Hathaway Maranda Vice President, Development | 35 | $205,474 | |
Steven Waterman Deputy Director, Design & Expe | 35 | $203,396 | |
Catherine Futter Director, Curatorial Affairs | 35 | $184,664 | |
Amanda Stone Vice President, Earned Income | 35 | $175,631 |
Nelson Gallery Foundation Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Food And Vending Food Service | 4/29/20 | $1,613,734 |
Convergeone Inc Consulting Fees | 4/29/20 | $226,531 |
Harvest Productions Inc Equipment Rental | 4/29/20 | $208,413 |
American Food And Vending Food Service | 4/29/20 | $1,613,734 |
Mccown Gordon Construction Llc Construction | 4/29/20 | $1,445,561 |
Harvest Productions Inc Equipment Rental | 4/29/20 | $208,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,100,433 |
| Fundraising events | $1,698,280 |
| Related organizations | $1,798,268 |
| Government grants | $255,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,310,663 |
| Noncash contributions included in lines 1a–1f | $193,121 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,163,518 |
| Total Program Service Revenue | $1,863,583 |
| Investment income | $2,145,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,532 |
| Net Rental Income | $21,949 |
| Net Gain/Loss on Asset Sales | $13,774,730 |
| Net Income from Fundraising Events | -$290,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $653,843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,543,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $130,893 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $980,468 |
| Compensation of current officers, directors, key employees. | $509,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,173,669 |
| Pension plan accruals and contributions | $886,314 |
| Other employee benefits | $3,689,886 |
| Payroll taxes | $1,037,577 |
| Fees for services: Management | $1,264,405 |
| Fees for services: Legal | $456,108 |
| Fees for services: Accounting | $130,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,281,485 |
| Fees for services: Other | $3,383,286 |
| Advertising and promotion | $565,972 |
| Office expenses | $2,268,938 |
| Information technology | $486,364 |
| Royalties | $0 |
| Occupancy | $2,623,226 |
| Travel | $593,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,285 |
| Interest | $3,218,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,709,646 |
| Insurance | $454,774 |
| All other expenses | $0 |
| Total functional expenses | $46,614,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,025,452 |
| Savings and temporary cash investments | $11,407,218 |
| Pledges and grants receivable | $60,762,710 |
| Accounts receivable, net | $48,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $387,052 |
| Prepaid expenses and deferred charges | $21,245 |
| Net Land, buildings, and equipment | $191,345,501 |
| Investments—publicly traded securities | $166,628,628 |
| Investments—other securities | $128,802,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,754,929 |
| Total assets | $572,182,849 |
| Accounts payable and accrued expenses | $2,286,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $148,070,000 |
| 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 | $3,150,900 |
| Other liabilities | $778,549 |
| Total liabilities | $154,286,409 |
| Net assets without donor restrictions | $239,246,919 |
| Net assets with donor restrictions | $178,649,521 |
| 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 | $572,182,849 |
Nelson Gallery Foundation Grants Recieved
Over the last fiscal year, we have identified 13 grants that Nelson Gallery Foundation has recieved totaling $178,651.
| Awarding Organization | Amount |
|---|---|
Herbert Vincent Jones Jr Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $30,250 |
Oppenstein Brothers Foundation Kansas City, MO PURPOSE: TITLE I SCHOOL PROGRAMS | $30,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,651 |
Stueck Family Foundation Stilwell, KS PURPOSE: ART PRESERVATION | $15,000 |
Endowment Analysis
| Beg. Balance | $321,746,156 |
| Earnings | -$14,007,026 |
| Admin Expense | $1,257,022 |
| Net Contributions | $9,569,164 |
| Other Expense | $22,205,175 |
| Ending Balance | $293,846,097 |
Nelson Gallery Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,457,220,696 | $117,125,297 |
Nelson Gallery Foundation Kansas City, MO | $572,182,849 | $35,543,070 |
Museum Of Contemporary Art Chicago, IL | $231,693,659 | $26,817,111 |
J B Speed Art Museum Louisville, KY | $131,159,985 | $8,399,423 |
Cheekwood Botanical Garden And Museum Of Art Nashville, TN | $53,259,841 | $16,046,388 |
Philbrook Museum Of Art Inc Tulsa, OK | $66,276,918 | $5,455,173 |
Edmundson Art Foundation Inc Des Moines, IA | $124,117,602 | $7,977,980 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
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 | $10,597,888 | $6,306,698 |
Hunter Museum Of Art Chattanooga, TN | $40,975,201 | $2,696,718 |
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