Form 990 for tax year 2023

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 $937,554 · excluded $937,554

• 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 $1,940,821 · program services $1,940,821

• 11c · Fees: accounting

  total $4,515 · management and general $4,515

• 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 $2,500,000 · end of year $2,500,000

• 2 · Savings and temporary cash investments

  beginning of year $4,484,740 · end of year $5,158,280

• 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 $17,561,345 · end of year $18,505,426

• 12 · Investments: other securities

  beginning of year $20,166,196 · end of year $18,965,552

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $26,691,173 · end of year $29,203,383

• 17 · Accounts payable and accrued expenses

  end of year $4,200

• 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 $71,433,454 · end of year $74,358,441

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

JULIAN ZUGAZAGOITIA IS 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 $200,000 WAS MADE TO THE PLAN DURING THE YEAR.

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 · TRUST · MO

  Directly controlled by NA