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
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 04/2020, 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
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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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Food And Vending Food Service | 4/29/20 | $1,613,734 |
Mccown Gordon Construction Llc Construction | 4/29/20 | $1,445,561 |
True North Outdoor Llc Lawn Service | 4/29/20 | $510,277 |
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 |
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 |
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 |
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 |