Nasw Foundation FY2023 filing

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Historical aviation museum

Form 990 Part I, line 1, FY2023. 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

FY2023 · 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
1.4 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
1.4 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
$153K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.8M
+26% vs prior year
Spent
$812K
To programs
82%
Net assets
$6.2M
By yearFY2020–FY2025
Revenue
$1.8M
FY2023▲ +26%
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
$812K
FY2023▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$513K
FY2021$595K
FY2022$682K
FY2023$812K
FY2024$868K
FY2025$988K
Net assets
$6.2M
FY2023▲ +21%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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% · $665K Management & general 16% · $128K Fundraising 2% · $19K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$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
$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 · $665K · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3407964) · Dispute this line
$665Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$576K
Other incomeLn 4–11$175K
Money outPt IX
$812K
Ln 25
Programscol B$665K
Managementcol C$128K
Fundraisingcol D$19K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$6.3M
LiabilitiesLn 26$153K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$925K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$576K
Investment incomeLn 3$31K
Other incomeLn 4–11$175K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$968
SavingsLn 2$95K
Cash and savings togetherLn 1–2$96K
Pledges and grants receivableLn 3$570K
Inventories for sale or useLn 8$84K
Prepaid expenses and deferred chargesLn 9$24K
Land, buildings, equipmentLn 10c$3.6M
InvestmentsLn 11–13$1.3M
Intangible assetsLn 14$16K
Other assetsLn 15$589K
Total assetsLn 16$6.3M
LiabilitiesLn 26$153K
Net assetsLn 32$6.2M
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 FY23End FY23
Cash and savingsLn 1–2$156K$96K
InvestmentsLn 11–13$1.4M$1.3M
Land, buildings, equipmentLn 10c$2.8M$3.6M
Total assetsLn 16$5.4M$6.3M
LiabilitiesLn 26$269K$153K
Net assetsLn 32$5.1M$6.2M
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$340K$289K$34K$17K
Pension plan contributionsLn 8$6K$6K$624
Payroll taxesLn 10$34K$30K$3K$686
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$962$962
Advertising and promotionLn 12$51K$50K$1K
Office expensesLn 13$23K$21K$2K
Information technologyLn 14$9K$8K$914$220
OccupancyLn 16$28K$28K$573
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$115K$104K$12K
InsuranceLn 23$55K$50K$6K
Other expenses (24a–d)Ln 24$107K$74K$33K
All other expensesLn 24e$24K$6K$18K
Total functional expensesLn 25$812K$665K$128K$19K

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
FY2023 ViewingFiled 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
FY2020Filed 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 FY2023 990
Part I · Summary $1,802,554 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $725,847$1,019,425
I-9 Program service revenuePrior year $535,254$576,343
I-10 Investment incomePrior year $12,493$31,457
I-11 Other revenuePrior year $158,485$175,329
I-12 Total revenuePrior year $1,432,079$1,802,554
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $345,147$380,431
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $336,653$431,101
I-18 Total expensesPrior year $681,800$811,532
I-19 Revenue less expensesPrior year $750,279$991,022
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $1,802,554 across 11 lines filed
Lines not itemized here account for $141,436 of total revenue; see the IRS return.
VIII-1c Fundraising events$16,892
VIII-1e Government grants$925,116
VIII-1f All other contributions, gifts and grants$77,417
VIII-1g Noncash contributions (included above)$5,412
VIII-1h Total contributions, gifts and grants$1,019,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $576,343$576,343
VIII-3 Investment incomeExcluded from tax $31,457$31,457
VIII-5 RoyaltiesExcluded from tax $734$734
VIII-6 Net rental income or lossExcluded from tax $745$745
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $32,414$32,414
VIII-12 Total revenueUnrelated business $173,850 · Excluded from tax $609,279$1,802,554
Part IX · Statement of functional expenses $811,532 across 14 lines filed
IX-7 Other salaries and wagesPrograms $288,918 · Management $33,991 · Fundraising $16,996$339,905
IX-8 Pension plan contributionsPrograms $5,612 · Management $624$6,236
IX-10 Payroll taxesPrograms $30,175 · Management $3,429 · Fundraising $686$34,290
IX-11c Accounting feesManagement $11,835$11,835
IX-11f Investment management feesManagement $962$962
IX-12 Advertising and promotionPrograms $50,050 · Fundraising $1,000$51,050
IX-13 Office expensesPrograms $20,887 · Management $2,320$23,207
IX-14 Information technologyPrograms $8,006 · Management $914 · Fundraising $220$9,140
IX-16 OccupancyPrograms $27,730 · Management $573$28,303
IX-17 TravelManagement $5,204$5,204
IX-22 Depreciation, depletion and amortizationPrograms $103,596 · Management $11,511$115,107
IX-23 InsurancePrograms $49,841 · Management $5,538$55,379
IX-24 Other expenses (24a–d)Programs $73,917 · Management $32,719$106,636
IX-24e All other expensesPrograms $6,133 · Management $18,145$24,278
IX-25 Total functional expensesPrograms $664,865 · Management $127,765 · Fundraising $18,902$811,532
Part X · Balance sheet $6,304,146 assets, 17 lines filed
X-1 Cash, non-interest-bearing$968
X-2 Savings and temporary cash investmentsStart of year $155,682$94,649
X-3 Pledges and grants receivableStart of year $287,058$569,672
X-8 Inventories for sale or useStart of year $80,501$83,726
X-9 Prepaid expenses and deferred chargesStart of year $9,690$23,648
X-10c Land, buildings and equipment, netStart of year $2,832,087$3,585,306
X-11 Publicly traded securitiesStart of year $1,404,818$1,340,944
X-14 Intangible assetsStart of year $18,138$15,744
X-15 Other assetsStart of year $584,077$589,489
X-16 Total assetsStart of year $5,372,491$6,304,146
X-17 Accounts payable and accrued expensesStart of year $238,246$110,694
X-18 Grants payable$1,142
X-19 Deferred revenueStart of year $29,858$41,401
X-26 Total liabilitiesStart of year $268,604$153,237
X-27 Net assets without donor restrictionsStart of year $5,103,887$6,150,909
X-32 Total net assets or fund balancesStart of year $5,103,887$6,150,909
X-33 Total liabilities and net assetsStart of year $5,372,491$6,304,146
Part XI · Reconciliation of net assets $6,150,909 net assets at year end
XI-1 Total revenue$1,802,554
XI-2 Total expenses$811,532
XI-3 Revenue less expenses$991,022
XI-4 Net assets at start of year$5,103,887
XI-5 Net unrealized gains (losses) on investments$56,000
XI-10 Net assets at end of year$6,150,909

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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