Totals
- Total revenue
- $925,312
- Total expenses
- $1,904,629
- Contributions and grants received
- $0
- Grants paid
- $1,900,079
- Program service revenue
- $0
- Investment income
- $925,312
- Other revenue
- $0
- Total assets, end of year
- $71,433,454
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $71,433,454
- Program services expenses (Part IX)
- $1,900,079
- Management and general expenses
- $4,550
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,900,079
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $925,312 · excluded $925,312
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,900,079 · program services $1,900,079
-
11c · Fees: accounting
total $4,550 · management and general $4,550
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,500,042 · end of year $2,500,000
-
2 · Savings and temporary cash investments
beginning of year $3,625,560 · end of year $4,484,740
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$30,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $30,000 · end of year $30,000
-
11 · Investments: publicly traded securities
beginning of year $19,122,714 · end of year $17,561,345
-
12 · Investments: other securities
beginning of year $19,740,287 · end of year $20,166,196
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $25,145,018 · end of year $26,691,173
-
17 · Accounts payable and accrued expenses
beginning of year $4,124
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $70,159,497 · end of year $71,433,454
Mission and programs · 2022
Mission
THE TRUST WAS CREATED FOR THE PURPOSE OF ACQUIRING WORKS OF ART TO BE EXHIBITED FOR THE DELECTATION AND ENJOYMENT OF THE PUBLIC IN BUILDINGS PROVIDED FOR THAT PURPOSE.
Activities or mission (Part I)
THE TRUST WAS CREATED TO ACQUIRE WORKS OF ART TO BE EXHIBITED FOR THE DELECTATION AND ENJOYMENT OF THE PUBLIC IN BUILDINGS PROVIDED FOR THAT PURPOSE.
-
THE WILLIAM ROCKHILL NELSON TRUST PROVIDES ANNUAL OPERATIONAL SUPPORT TO THE NELSON GALLERY FOUNDATION BASED ON A BOARD APPROVED SPENDING POLICY.
Expenses $1,900,079 · Grants $1,900,079
As filed on the 2022 return.
Listed in Part VII
-
Alejandro Sanchez AlvaradoALEJANDRO SANCHEZ ALVARADO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Ann Kaufmann BaumANN KAUFMANN BAUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Bill GautreauxBILL GAUTREAUX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Don Hall JrDON HALL JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Dr Valerie E ChowDR VALERIE E CHOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Evelyn Craft BelgerEVELYN CRAFT BELGER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 3 related
-
Grant BurchamGRANT BURCHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Kent SunderlandKENT SUNDERLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Leo MortonLEO MORTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Lewis GregoryLEWIS GREGORY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Mark O'ConnellMARK O'CONNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Marny ShermanMARNY SHERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Mary AtterburyMARY ATTERBURY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Neil KarbankNEIL KARBANK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Paul DebrucePAUL DEBRUCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Pete BrownePETE BROWNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Ramin CherafatRAMIN CHERAFAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Ramon MurguiaRAMON MURGUIA
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Richard C Green JrRICHARD C GREEN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Sandra A J LawrenceSANDRA A J LAWRENCE
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Sara MorganSARA MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Shirley Bush HelzbergSHIRLEY BUSH HELZBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Steve McDowellSTEVE MCDOWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
William B TaylorWILLIAM B TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Julian ZugazagoitiaJULIAN ZUGAZAGOITIA
OFFICER
- Total calculated
- $811,245
- From this org
- $0
- From related orgs
- $661,469
- Other
- $149,776
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $658,698 related
- Bonus
- $0
- Other
- $0 + $2,771 related
- Deferred
- $0 + $126,732 related
- Nontaxable benefits
- $0 + $23,044 related
- Filer's total
- $0 + $811,245 related
-
Karen ChristiansenKAREN CHRISTIANSEN
OFFICER
- Total calculated
- $332,285
- From this org
- $0
- From related orgs
- $325,843
- Other
- $6,442
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $325,843 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $6,442 related
- Filer's total
- $0 + $332,285 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- JULIAN ZUGAZAGOITIA AND KAREN CHRISTIANSEN ARE COMPENSATED BY THE NELSON GALLERY FOUNDATION, A RELATED ORGANIZATION. THE FOUNDATION USES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE COMPENSATION.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- THE CEO PARTICIPATES IN A DEFERRED COMPENSATION PLAN UNDER 457F. A CONTRIBUTION OF $100,000 WAS MADE TO THE PLAN DURING THE YEAR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,900,079
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · ART MUSEUM · MO
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MERCURY FUND II LP
N/A · INVESTING · DE
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUST
TRUST · MO
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420739349300222
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