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Nonprofiteer
← NASHER SCULPTURE CENTER

Form 990 for tax year 2023

Filed by NASHER SCULPTURE CENTER.

Totals

Total revenue
$15,170,846
Total expenses
$14,424,253
Contributions and grants received
$13,411,480
Grants paid
$10,000
Program service revenue
$328,116
Investment income
$36,373
Other revenue
$1,394,877
Total assets, end of year
$4,488,269
Total liabilities, end of year
$2,141,801
Net assets or fund balances, end of year
$2,346,468
Program services expenses (Part IX)
$8,632,345
Management and general expenses
$4,732,921
Fundraising expenses
$1,058,987
Program service expenses (Part III)
$8,632,345

Program services were 59.8% 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.

  • 1b · Membership dues

    $964,285

  • 1c · Fundraising events

    $224,388

  • 1d · Related organizations

    $10,748,000

  • 1e · Government grants (contributions)

    $376,000

  • 1f · All other contributions, gifts and grants

    $1,098,807

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: MUSEUM ADMISSION FEES

    total $156,224 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PROGRAM REVENUE

    total $171,892 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $43,357 · unrelated business $0 · excluded $43,357

  • 6a · Gross rents

    real property $748,721

  • 6c · Rental income or loss

    real property $748,721

  • 6d · Net rental income or loss

    total $748,721 · excluded $748,721

  • 7a · Gross sales of assets other than inventory

    securities $228,948 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $235,932 · other assets $0

  • 7c · Gain or loss

    securities -$6,984 · other assets $0

  • 7d · Net gain or loss

    total -$6,984 · related or exempt $0 · unrelated business $0 · excluded -$6,984

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $224,388

  • 8b · Fundraising events: direct expenses

    $25,881

  • 8c · Net income from fundraising events

    total -$25,881 · unrelated business $0 · excluded -$25,881

  • 10a · Gross sales of inventory

    $44,371

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $44,371 · related or exempt $44,371

  • 11a · Other revenue: UNREALIZED GAIN ON INVESTMENTS

    total $162,196 · related or exempt $0 · unrelated business $0 · excluded $162,196

  • 11b · Other revenue: DEFERRED REVENUE

    total $436,881 · related or exempt $436,881 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $28,589 · related or exempt $28,589 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $627,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,121,123 · program services $1,028,544 · management and general $789,078 · fundraising $303,501

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,701,583 · program services $1,539,632 · management and general $831,222 · fundraising $330,729

  • 8 · Pension plan contributions

    total $145,222 · program services $72,871 · management and general $57,604 · fundraising $14,747

  • 9 · Other employee benefits

    total $856,339 · program services $503,607 · management and general $283,954 · fundraising $68,778

  • 10 · Payroll taxes

    total $306,236 · program services $172,370 · management and general $98,326 · fundraising $35,540

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $4,833 · program services $4,833 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $81,436 · program services $0 · management and general $81,436 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $13,255 · program services $13,255 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $128,333 · program services $0 · management and general $128,333 · fundraising $0

  • 12 · Advertising and promotion

    total $386,085 · program services -$9,412 · management and general $382,557 · fundraising $12,940

  • 13 · Office expenses

    total $3,407,373 · program services $2,215,449 · management and general $939,136 · fundraising $252,788

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,779,795 · program services $1,132,324 · management and general $642,037 · fundraising $5,434

  • 17 · Travel

    total $382,132 · program services $348,781 · management and general $29,478 · fundraising $3,873

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $8,917 · program services $2,230 · management and general $2,554 · fundraising $4,133

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $198,329 · program services $118,440 · management and general $53,365 · fundraising $26,524

  • 23 · Insurance

    total $194,177 · program services $4,232 · management and general $189,945 · fundraising $0

  • 24a · Other expenses: EXHIBITION INSTALLATION

    total $1,392,817 · program services $1,389,205 · management and general $3,612 · fundraising $0

  • 24b · Other expenses: COLLECTION ACQUISITION

    total $85,984 · program services $85,984 · management and general $0 · fundraising $0

  • 24c · Other expenses: IT SYSTEMS CONVERSION

    total $220,284 · program services $0 · management and general $220,284 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $961,016 · end of year $769,583

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $231,248 · end of year $357,948

  • 4 · Accounts receivable

    beginning of year $513,080 · end of year $712,226

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $254,798 · end of year $226,134

  • 10a · Land, buildings and equipment: cost or other basis

    $3,102,556

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,326,814

  • 10c · Land, buildings and equipment, net

    beginning of year $819,183 · end of year $775,742

  • 11 · Investments: publicly traded securities

    beginning of year $1,452,301 · end of year $1,643,228

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,059 · end of year $3,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,654,263 · end of year $1,619,965

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $979,547 · end of year $515,055

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    end of year $6,781

  • 27 · Net assets without donor restrictions

    beginning of year -$793,361 · end of year -$720,227

  • 28 · Net assets with donor restrictions

    beginning of year $2,393,236 · end of year $3,066,695

Mission and programs · 2023

Mission

THE MISSION OF THE NASHER SCULPTURE CENTER IS TO BE THE INTERNATIONAL FOCAL POINT AND CATALYST FOR THE STUDY, INSTALLATION, CONSERVATION, AND INSPIRATION OF MODERN AND CONTEMPORARY SCULPTURE.

Activities or mission (Part I)

TO OPERATE A MUSEUM FEATURING MODERN ART

  • THE NASHER SCULPTURE CENTER (CENTER) OPERATES A MUSEUM TO DISPLAY MODERN ART AND FROM TIME TO TIME FEATURES EXHIBITS OF WORKS BORROWED FROM OTHER MUSEUMS. THE CENTER HAD 76,653 VISITORS IN TAX YEAR 2023.

    Expenses $8,132,766

  • THE CENTER CONDUCTS EDUCATIONAL PROGRAMS FOR MEMBERS AND VISITORS ABOUT MODERN ART THROUGH FREE FIRST SATURDAYS, STUDENT TOURS, TEACHER WORKSHOPS MUSEUM FORUM FOR TEACHERS, SUMMER INSTITUTE FOR TEENS, HOMESCHOOL WORKSHOPS, MUSEUM 101 & STUDIO 360. DURING TAX YEAR 2023 THERE WERE 18,588 PARTICIPANTS IN THESE PROGRAMS.

    Expenses $499,579

As filed on the 2023 return.

Listed in Part VII

  • Nancy Nasher Haemisegger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • David Haemisegger

    TRUSTEE AND PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Andrea Nasher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sarah Haemisegger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Stephen Stamas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Tyree Collier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Marc Pechersky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jeremy Strick

    EXECUTIVE DIRECTOR

    Total calculated
    $1,221,282
    From this org
    $1,173,399
    From related orgs
    $0
    Other
    $47,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,173,399
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $17,883
    Filer's total
    $1,221,282

  • JOHN McBRIDE

    CHIEF OPER & FINANCIAL OFFICER

    Total calculated
    $312,559
    From this org
    $280,644
    From related orgs
    $0
    Other
    $31,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,644
    Bonus
    $0
    Other
    $0
    Deferred
    $14,032
    Nontaxable benefits
    $17,883
    Filer's total
    $312,559

  • Jill Magnuson

    DIR. EXTERNAL AFFAIRS

    Total calculated
    $249,099
    From this org
    $229,127
    From related orgs
    $0
    Other
    $19,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,127
    Bonus
    $0
    Other
    $0
    Deferred
    $11,456
    Nontaxable benefits
    $8,516
    Filer's total
    $249,099

  • David Morse

    CHIEF CURATOR

    Total calculated
    $191,423
    From this org
    $157,166
    From related orgs
    $0
    Other
    $34,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,166
    Bonus
    $0
    Other
    $0
    Deferred
    $7,858
    Nontaxable benefits
    $26,399
    Filer's total
    $191,423

  • NEIL McGLENNON ESTATE

    FORMER ADMIN DIRECTOR

    Total calculated
    $129,708
    From this org
    $118,291
    From related orgs
    $0
    Other
    $11,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,291
    Bonus
    $0
    Other
    $0
    Deferred
    $5,915
    Nontaxable benefits
    $5,502
    Filer's total
    $129,708

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501359349308045

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