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 06/2022, Nasher Foundation 101796 generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXPENDED FUNDS DURING CURRENT TAX PERIOD RELATING TO THE OPERATION OF A SCULPTURE CENTER OPEN TO THE PUBLIC IN THE ARTS DISTRICT OF DALLAS TEXAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David H Haemisegger Dir/president | 5 | $0 | |
Nancy N Haemisegger Director | 2 | $0 | |
Andrea Nasher Director | 2 | $0 | |
Byron A Parker CPA Treasurer | 5 | $0 | |
Sarah Haemisegger Director | 2 | $0 | |
Marc Perchersky Director | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $1,170,720 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $5,768,219 |
Capital Gain Net Income | $5,768,219 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $6,964,281 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $104,917 |
Depreciation | $1,125,485 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $394,505 |
Total operating and administrative expenses | $1,812,223 |
Contributions, gifts, grants paid | $4,980,000 |
Total expenses and disbursements | $6,792,223 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,057,471 |
Savings and temporary cash investments | $27,448,548 |
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 | $116,249 |
Investments—other | $17,433,361 |
Net Land, buildings, and equipment | $38,652,710 |
Other assets | $2,831,500 |
Total assets | $127,043,830 |
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 |