NASW FOUNDATION

EIN: 223407964 501(c)(3) Arts, Culture & Humanities

CAPE MAY, NJ

Total Revenue
$1,462,622
Total Expenses
$987,675
Total Assets
$7,257,173
Net Assets
$7,173,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NJ
Principal Officer
JOSEPH E SALVATORE
Phone
6098868787
Tax Period
2025-01-01 to 2025-12-31

NASW FOUNDATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $475K, a strong 32% operating margin.

Mission

HISTORICAL AVIATION MUSEUM

Program Service Accomplishments

Program 1
Expenses: $836,729 Revenue: $739,798

RESTORATION OF HANGAR 1 INTO AN AVIATION MUSEUM TO DISPLAY HISTORIC AIRCRAFT AND TO EDUCATE THE PUBLIC AS TO THEIR CONTRIBUTIONS INTO HISTORY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $513,671
Program Service Revenue $739,798
Investment Income $30,691
Other Revenue $178,462
TOTAL REVENUE $1,462,622

Expense Breakdown

Grants Paid $0
Salaries & Benefits $510,602
Fundraising Expenses $25,351
Program Expenses $836,729
Other Expenses $477,073
TOTAL EXPENSES $987,675

Year-over-Year Comparison

2025 2024 Change
Revenue $1,462,622 $1,256,482 +0.2%
Expenses $987,675 $868,041 +0.1%
Net Income $474,947 $388,441 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
22
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS ASSELTA MEMBER 1.00
Director
$0 $0 $0
TOM CAMP MEMBER 1.00
Director
$0 $0 $0
JOANNE CARROCINO MEMBER 1.00
Director
$0 $0 $0
JOSEPH CIRRINICIONE MEMBER 1.00
Director
$0 $0 $0
MARY LOU DORDAN MEMBER 1.00
Director
$0 $0 $0
JOHN GAGLIANO MEMBER 1.00
Director
$0 $0 $0
JIM KROMBACH MEMBER 1.00
Director
$0 $0 $0
BILL RICHES MEMBER 1.00
Director
$0 $0 $0
RICKY SAAD MEMBER 1.00
Director
$0 $0 $0
ANNE SALVATORE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPH E SALVATORE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL SATT MEMBER 1.00
Director
$0 $0 $0
LAWRENCE SCHMIDT MEMBER 1.00
Director
$0 $0 $0
CHRIS SHOEMAKER MEMBER 1.00
Director
$0 $0 $0
DIANE WEILAND MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,462,622 $987,675 $7,257,173 $474,947
2024 $1,256,482 $868,041 $6,806,568 $388,441
2023 $1,802,554 $811,532 $6,304,146 $991,022
2022 $1,432,079 $681,800 $5,372,491 $750,279
2021 $1,006,265 $594,580 $4,660,239 $411,685
2020 $543,669 $513,038 $3,977,300 $30,631
2019 $690,392 $586,810 $3,824,926 $103,582
2018 $831,924 $519,194 $3,666,046 $312,730
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