Nasw Foundation FY2024 filing

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Historical aviation museum

Form 990 Part I, line 1, FY2024. 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.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
1.4 mo
of spending, in cash
Plus $2.3M 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
$175K
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.3M
-30% vs prior year
Spent
$868K
To programs
84%
Net assets
$6.6M
By yearFY2020–FY2025
Revenue
$1.3M
FY2024▼ -30%
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
$868K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$513K
FY2021$595K
FY2022$682K
FY2023$812K
FY2024$868K
FY2025$988K
Net assets
$6.6M
FY2024▲ +8%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

84 cents of each dollar spent went to programs.

Program services 84% · $725K Management & general 14% · $121K Fundraising 2% · $21K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
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
$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 · $725K · in their own filed words · FY2024
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, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3407964) · Dispute this line
$725Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$673K
Gifts and grantsLn 1h$333K
Other incomeLn 4–11$195K
Money outPt IX
$868K
Ln 25
Programscol B$725K
Managementcol C$121K
Fundraisingcol D$21K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$6.8M
LiabilitiesLn 26$175K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$333K
Government grantsLn 1e$186K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$90K
Fees for servicesLn 2g$673K
Investment incomeLn 3$56K
Other incomeLn 4–11$195K
Gains on assetsLn 7−$500
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$93K
Cash and savings togetherLn 1–2$98K
Pledges and grants receivableLn 3$65K
Accounts receivableLn 4$5K
Inventories for sale or useLn 8$81K
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$3.7M
InvestmentsLn 11–13$2.3M
Intangible assetsLn 14$14K
Other assetsLn 15$588K
Total assetsLn 16$6.8M
LiabilitiesLn 26$175K
Net assetsLn 32$6.6M
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 FY24End FY24
Cash and savingsLn 1–2$96K$98K
InvestmentsLn 11–13$1.3M$2.3M
Land, buildings, equipmentLn 10c$3.6M$3.7M
Total assetsLn 16$6.3M$6.8M
LiabilitiesLn 26$153K$175K
Net assetsLn 32$6.2M$6.6M
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$381K$324K$38K$19K
Pension plan contributionsLn 8$6K$5K$563
Payroll taxesLn 10$37K$31K$4K$2K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$123$123
Advertising and promotionLn 12$50K$50K
Office expensesLn 13$13K$12K$1K
Information technologyLn 14$17K$15K$2K$231
OccupancyLn 16$64K$64K$758
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$121K$109K$12K
InsuranceLn 23$56K$51K$6K
Other expenses (24a–d)Ln 24$77K$51K$26K
All other expensesLn 24e$33K$14K$19K
Total functional expensesLn 25$868K$725K$121K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 18, 2026 $1.5M$988K$475K$7.2M 990 PDF
FY2024 ViewingFiled 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
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 FY2024 990
Part I · Summary $1,256,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,019,425$332,684
I-9 Program service revenuePrior year $576,343$673,322
I-10 Investment incomePrior year $31,457$55,220
I-11 Other revenuePrior year $175,329$195,256
I-12 Total revenuePrior year $1,802,554$1,256,482
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $380,431$423,868
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,101$444,173
I-18 Total expensesPrior year $811,532$868,041
I-19 Revenue less expensesPrior year $991,022$388,441
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $1,256,482 across 13 lines filed
Lines not itemized here account for $157,171 of total revenue; see the IRS return.
VIII-1c Fundraising events$90,418
VIII-1e Government grants$186,437
VIII-1f All other contributions, gifts and grants$55,829
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$332,684
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $673,322$673,322
VIII-3 Investment incomeExcluded from tax $55,720$55,720
VIII-5 RoyaltiesExcluded from tax $585$585
VIII-6 Net rental income or lossExcluded from tax $1,406$1,406
VIII-7 Net gain or loss on sales of assetsRelated to mission −$500−$500
VIII-8 Net income from fundraising events−$1,116
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $37,210$37,210
VIII-12 Total revenueRelated to mission −$500 · Unrelated business $194,381 · Excluded from tax $731,033$1,256,482
Part IX · Statement of functional expenses $868,041 across 14 lines filed
IX-7 Other salaries and wagesPrograms $324,130 · Management $38,133 · Fundraising $19,066$381,329
IX-8 Pension plan contributionsPrograms $5,062 · Management $563$5,625
IX-10 Payroll taxesPrograms $31,377 · Management $3,691 · Fundraising $1,846$36,914
IX-11c Accounting feesManagement $10,835$10,835
IX-11f Investment management feesManagement $123$123
IX-12 Advertising and promotionPrograms $49,758$49,758
IX-13 Office expensesPrograms $11,967 · Management $1,331$13,298
IX-14 Information technologyPrograms $15,082 · Management $1,702 · Fundraising $231$17,015
IX-16 OccupancyPrograms $63,589 · Management $758$64,347
IX-17 TravelManagement $1,179$1,179
IX-22 Depreciation, depletion and amortizationPrograms $108,604 · Management $12,067$120,671
IX-23 InsurancePrograms $50,730 · Management $5,637$56,367
IX-24 Other expenses (24a–d)Programs $51,421 · Management $25,959$77,380
IX-24e All other expensesPrograms $13,779 · Management $19,421$33,200
IX-25 Total functional expensesPrograms $725,499 · Management $121,399 · Fundraising $21,143$868,041
Part X · Balance sheet $6,806,568 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $968$4,849
X-2 Savings and temporary cash investmentsStart of year $94,649$92,999
X-3 Pledges and grants receivableStart of year $569,672$65,475
X-4 Accounts receivable$4,504
X-8 Inventories for sale or useStart of year $83,726$81,101
X-9 Prepaid expenses and deferred chargesStart of year $23,648$14,160
X-10c Land, buildings and equipment, netStart of year $3,585,306$3,651,247
X-11 Publicly traded securitiesStart of year $1,340,944$2,290,724
X-14 Intangible assetsStart of year $15,744$13,520
X-15 Other assetsStart of year $589,489$587,989
X-16 Total assetsStart of year $6,304,146$6,806,568
X-17 Accounts payable and accrued expensesStart of year $110,694$119,790
X-19 Deferred revenueStart of year $41,401$55,229
X-26 Total liabilitiesStart of year $153,237$175,019
X-27 Net assets without donor restrictionsStart of year $6,150,909$6,631,549
X-32 Total net assets or fund balancesStart of year $6,150,909$6,631,549
X-33 Total liabilities and net assetsStart of year $6,304,146$6,806,568
Part XI · Reconciliation of net assets $6,631,549 net assets at year end
XI-1 Total revenue$1,256,482
XI-2 Total expenses$868,041
XI-3 Revenue less expenses$388,441
XI-4 Net assets at start of year$6,150,909
XI-5 Net unrealized gains (losses) on investments$92,199
XI-10 Net assets at end of year$6,631,549

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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