Nasw Foundation FY2020 filing

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Historical aviation museum

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3407964) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $508K a year · 41% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
6.5 mo
of spending, in cash
Plus $919K in investments, Pt X · Ln 11–13
6.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$77K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$544K
Spent
$513K
To programs
82%
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$544K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$544K
FY2021$1.0M
FY2022$1.4M
FY2023$1.8M
FY2024$1.3M
FY2025$1.5M
Expenses
$513K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$513K
FY2021$595K
FY2022$682K
FY2023$812K
FY2024$868K
FY2025$988K
Net assets
$3.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.6M
FY2022$5.1M
FY2023$6.2M
FY2024$6.6M
FY2025$7.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $422K Management & general 15% · $78K Fundraising 2% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sec\treasure
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nasw Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nasw Foundation is an arts and culture nonprofit based in Cape May, NJ, formed in 1995.

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1 program · $422K · in their own filed words · FY2020
01

Restoration of hangar 1 into an aviation museum to display historic aircraft and to educate the public as to their contributions into history.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3407964) · Dispute this line
$422Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Fees for servicesLn 2g$228K
Gifts and grantsLn 1h$186K
Other incomeLn 4–11$113K
Money outPt IX
$513K
Ln 25
Programscol B$422K
Managementcol C$78K
Fundraisingcol D$13K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$4.0M
LiabilitiesLn 26$77K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Government grantsLn 1e$133K
Fundraising eventsLn 1c$19K
Fees for servicesLn 2g$228K
Investment incomeLn 3$16K
Other incomeLn 4–11$113K
Gains on assetsLn 7$47K
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$278K
Cash and savings togetherLn 1–2$279K
Pledges and grants receivableLn 3$21K
Accounts receivableLn 4$1K
Inventories for sale or useLn 8$25K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$2.1M
InvestmentsLn 11–13$919K
Intangible assetsLn 14$21K
Other assetsLn 15$578K
Total assetsLn 16$4.0M
LiabilitiesLn 26$77K
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 522
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$206K$279K
InvestmentsLn 11–13$824K$919K
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$3.8M$4.0M
LiabilitiesLn 26$34K$77K
Net assetsLn 32$3.8M$3.9M
Business incomeForm 990-T, Part I
LineFY25FY24
Gross$144K$157K
Net$144K$157K
Tax$2K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$229K$195K$23K$11K
Payroll taxesLn 10$22K$19K$2K$1K
Legal feesLn 11b$33$33
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$11K$10K$1K
Information technologyLn 14$7K$6K$661$178
OccupancyLn 16$46K$45K$2K
TravelLn 17$1K$1K
InterestLn 20$420$420
Depreciation, depletion and amortizationLn 22$86K$78K$9K
InsuranceLn 23$48K$43K$5K
Other expenses (24a–d)Ln 24$23K$7K$16K
All other expensesLn 24e$1K$410$922
Total functional expensesLn 25$513K$422K$78K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 18, 2026 $1.5M$988K$475K$7.2M 990 PDF
FY2024Filed with the IRS May 12, 2025 $1.3M$868K$388K$6.6M 990 PDF
FY2023Filed with the IRS Jun 3, 2024 $1.8M$812K$991K$6.2M 990 PDF
FY2022Filed with the IRS Apr 5, 2023 $1.4M$682K$750K$5.1M 990 PDF
FY2021Filed with the IRS May 9, 2022 $1.0M$595K$412K$4.6M 990 PDF
FY2020 ViewingFiled with the IRS Apr 26, 2021 $544K$513K$31K$3.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $543,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,088$186,368
I-9 Program service revenuePrior year $356,053$228,489
I-10 Investment incomePrior year $10,108$63,345
I-11 Other revenuePrior year $100,143$65,467
I-12 Total revenuePrior year $690,392$543,669
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $274,332$250,912
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $312,478$262,126
I-18 Total expensesPrior year $586,810$513,038
I-19 Revenue less expensesPrior year $103,582$30,631
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $543,669 across 11 lines filed
Lines not itemized here account for $58,317 of total revenue; see the IRS return.
VIII-1c Fundraising events$19,389
VIII-1e Government grants$132,719
VIII-1f All other contributions, gifts and grants$34,260
VIII-1h Total contributions, gifts and grants$186,368
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $228,489$228,489
VIII-3 Investment incomeExcluded from tax $16,204$16,204
VIII-5 RoyaltiesExcluded from tax $355$355
VIII-6 Net rental income or lossExcluded from tax $7,050$7,050
VIII-7 Net gain or loss on sales of assetsRelated to mission $47,141$47,141
VIII-8 Net income from fundraising events−$255
VIII-12 Total revenueRelated to mission $47,141 · Unrelated business $58,317 · Excluded from tax $252,098$543,669
Part IX · Statement of functional expenses $513,038 across 16 lines filed
IX-7 Other salaries and wagesPrograms $194,714 · Management $22,908 · Fundraising $11,454$229,076
IX-10 Payroll taxesPrograms $18,560 · Management $2,184 · Fundraising $1,092$21,836
IX-11b Legal feesManagement $33$33
IX-11c Accounting feesManagement $11,608$11,608
IX-11f Investment management feesManagement $1,204$1,204
IX-11g Other fees for servicesManagement $5,200$5,200
IX-12 Advertising and promotionPrograms $20,005$20,005
IX-13 Office expensesPrograms $9,803 · Management $1,090$10,893
IX-14 Information technologyPrograms $5,770 · Management $661 · Fundraising $178$6,609
IX-16 OccupancyPrograms $44,569 · Management $1,767$46,336
IX-17 TravelManagement $1,154$1,154
IX-20 InterestManagement $420$420
IX-22 Depreciation, depletion and amortizationPrograms $77,786 · Management $8,643$86,429
IX-23 InsurancePrograms $42,987 · Management $4,776$47,763
IX-24 Other expenses (24a–d)Programs $7,379 · Management $15,761$23,140
IX-24e All other expensesPrograms $410 · Management $922$1,332
IX-25 Total functional expensesPrograms $421,983 · Management $78,331 · Fundraising $12,724$513,038
Part X · Balance sheet $3,977,300 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,725$1,725
X-2 Savings and temporary cash investmentsStart of year $204,759$277,737
X-3 Pledges and grants receivableStart of year $48,741$21,273
X-4 Accounts receivableStart of year $50$1,250
X-8 Inventories for sale or useStart of year $23,624$24,560
X-9 Prepaid expenses and deferred chargesStart of year $10,900$6,137
X-10c Land, buildings and equipment, netStart of year $2,125,684$2,127,834
X-11 Publicly traded securitiesStart of year $823,761$918,529
X-14 Intangible assetsStart of year $8,105$20,678
X-15 Other assetsStart of year $577,577$577,577
X-16 Total assetsStart of year $3,824,926$3,977,300
X-17 Accounts payable and accrued expensesStart of year $25,852$7,349
X-19 Deferred revenueStart of year $8,177$15,314
X-23 Secured mortgages and notes payable$53,659
X-25 Other liabilitiesStart of year $200$200
X-26 Total liabilitiesStart of year $34,229$76,522
X-27 Net assets without donor restrictionsStart of year $3,790,697$3,900,778
X-32 Total net assets or fund balancesStart of year $3,790,697$3,900,778
X-33 Total liabilities and net assetsStart of year $3,824,926$3,977,300
Part XI · Reconciliation of net assets $3,900,778 net assets at year end
XI-1 Total revenue$543,669
XI-2 Total expenses$513,038
XI-3 Revenue less expenses$30,631
XI-4 Net assets at start of year$3,790,697
XI-5 Net unrealized gains (losses) on investments$79,450
XI-10 Net assets at end of year$3,900,778

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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