THE NELSON GALLERY FOUNDATION

EIN: 446012977 501(c)(3) Arts, Culture & Humanities

KANSAS CITY, MO

Total Revenue
$55,555,683
Total Expenses
$50,993,315
Total Assets
$611,458,414
Net Assets
$501,991,134
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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
MO
Phone
8167510417
Tax Period
2024-05-01 to 2025-04-30

THE NELSON GALLERY FOUNDATION, founded in 1954, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $55.6M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $51.0M left a modest 8% surplus.

Mission

IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE COLLECTIONS THAT WERE ACQUIRED THROUGH PURCHASES BY THE BOARD OF TRUSTEES AND CONTRIBUTIONS SINCE THE INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS WERE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE CONSOLIDATED FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS. THE MUSEUM MAINTAINS COMPREHENSIVE FINE ARTS COLLECTIONS OF APPROXIMATELY 44,100 AND 44,000 (UNAUDITED) PIECES FOR THE YEARS ENDED APRIL 30, 2025 AND 2024, RESPECTIVELY, SPANNING APPROXIMATELY 5,000 YEARS AND MANY CULTURES. THE RESPECTIVE COLLECTIONS ARE USED FOR THE PURPOSES OF EXHIBITION, EDUCATION, STUDY, RESEARCH, PUBLICATIONS AND LOANS TO OTHER MUSEUMS. THE COLLECTIONS ARE KEPT UNDER CURATORIAL CARE, INCLUDING EXTENSIVE CONSERVATION PRACTICES AND SPECIALIZED FINE ARTS INSURANCE COVERAGE, AND ARE SUBJECT TO THE MUSEUM'S POLICIES THAT REQUIRE PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO BE USED ONLY FOR ACQUISITION OF ADDITIONAL, SAME-COLLECTION ITEMS. ALL COLLECTION ITEMS DEACCESSED DURING THE YEARS ENDED APRIL 30, 2025 AND 2024 WERE PLACED ON CONSIGNMENT WITH ART DEALERS TO BE SOLD IN THE ORDINARY COURSE OF BUSINESS; AS A CONSEQUENCE, SOME DEACCESSIONED ITEMS REMAIN UNSOLD ON CONSIGNMENT AT YEAR-END. NO COLLECTION ITEMS WERE GIVEN AWAY, DESTROYED, LOST OR STOLEN DURING THE YEARS ENDED APRIL 30, 2025 AND 2024.

Program Service Accomplishments

Program 1
Expenses: $35,941,707 Revenue: $5,373,919

THE NELSON-ATKINS MUSEUM OF ART'S COLLECTION OF OVER 44,100 OBJECTS SPANS 5,000 YEARS. IT IS CELEBRATED FOR ITS HOLDINGS OF CHINESE ART, CONSIDERED AMONG THE BEST IN THE WORLD, WITH IMPORTANT...

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THE NELSON-ATKINS MUSEUM OF ART'S COLLECTION OF OVER 44,100 OBJECTS SPANS 5,000 YEARS. IT IS CELEBRATED FOR ITS HOLDINGS OF CHINESE ART, CONSIDERED AMONG THE BEST IN THE WORLD, WITH IMPORTANT COLLECTIONS OF JAPANESE AND SOUTH AND SOUTHEAST ASIAN WORKS OF ART. ITS CELEBRATED EUROPEAN PAINTINGS COLLECTION-INCLUDING THE SECOND PAINTING BY VINCENT VAN GOGH PURCHASED BY A US MUSEUM-CONTAIN ONE OF THE FEW CARAVAGGIO PAINTINGS IN NORTH AMERICA, AS WELL AS MASTERPIECES OF IMPRESSIONIST ART. THE PHOTOGRAPHY COLLECTION IS ONE OF THE FINEST IN THE COUNTRY, SPANNING THE ENTIRE HISTORY OF THE MEDIUM. THE ACCLAIMED NATIVE AMERICAN COLLECTIONS ARE AMONG THE OLDEST IN THE US. THERE ARE ALSO IMPORTANT COLLECTIONS OF EIGHTEENTH CENTURY EUROPEAN DECORATIVE ARTS, AMERICAN PAINT AND SCULPTURE, AND AFRICAN ART, COMPLEMENTED BY THE 22 ACRE DONALD J. HALL SCULPTURE PARK, WHICH ACTS AS ONE OF THE CITY'S FRONT LAWNS AND IS THE SITE OF FREE, POPULAR FESTIVALS CELEBRATING JUNETEENTH, SOUTH AND SOUTHEAST ASIAN HERITAGE, AND LUNAR NEW YEAR, AMONG OTHER COMMUNITIES. IN RECENT YEARS, THE MUSEUM HAS DRAMATICALLY INCREASED ITS CONTEMPORARY COLLECTIONS WITH A DELIBERATE CAMPAIGN OF INCLUSIVITY, ACQUIRING IMPORTANT WORKS IN ALL MEDIA BY BIPOC MAKERS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,719,901
Program Service Revenue $2,023,850
Investment Income $25,535,454
Other Revenue $3,276,478
TOTAL REVENUE $55,555,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,641,387
Fundraising Expenses $5,724,850
Program Expenses $35,941,707
Other Expenses $28,351,928
TOTAL EXPENSES $50,993,315

Year-over-Year Comparison

2024 2023 Change
Revenue $55,555,683 $36,221,182 +0.5%
Expenses $50,993,315 $48,991,004 +0.0%
Net Income $4,562,368 $-12,769,822 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
508
Volunteers
437

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
4
$981,080
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN CRAFT BELGER BOARD CHAIR 3.0
Officer Director
$0 $0 $0
RAMON MURGUIA BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
SANDRA A J LAWRENCE BOARD TREASURER 1.0
Officer Director
$0 $0 $0
ALEJANDRO SANCHEZ ALVARADO TRUSTEE 1.0
Director
$0 $0 $0
ANDREA FEINBERG TRUSTEE 1.0
Director
$0 $0 $0
ANN KAUFMANN BAUM TRUSTEE 1.0
Director
$0 $0 $0
BILL GAUTREAUX TRUSTEE 1.0
Director
$0 $0 $0
BILL LYONS TRUSTEE 1.0
Director
$0 $0 $0
DON HALL JR TRUSTEE 1.0
Director
$0 $0 $0
DR VALERIE E CHOW TRUSTEE 1.0
Director
$0 $0 $0
GREG MADAY TRUSTEE 1.0
Director
$0 $0 $0
KENT SUNDERLAND TRUSTEE 1.0
Director
$0 $0 $0
LEO MORTON TRUSTEE 1.0
Director
$0 $0 $0
LEWIS GREGORY TRUSTEE 1.0
Director
$0 $0 $0
MARK O'CONNELL TRUSTEE 1.0
Director
$0 $0 $0
MARNY SHERMAN TRUSTEE 1.0
Director
$0 $0 $0
NEIL KARBANK TRUSTEE 1.0
Director
$0 $0 $0
PAUL DEBRUCE TRUSTEE 1.0
Director
$0 $0 $0
PETE BROWNE TRUSTEE 1.0
Director
$0 $0 $0
RAMIN CHERAFAT TRUSTEE 1.0
Director
$0 $0 $0
RICHARD C GREEN TRUSTEE 1.0
Director
$0 $0 $0
SCOTT FRANCIS TRUSTEE 1.0
Director
$0 $0 $0
SHIRLEY HELZBERG TRUSTEE 1.0
Director
$0 $0 $0
STEVE MCDOWELL TRUSTEE 1.0
Director
$0 $0 $0
SUSAN CHAMBERS TRUSTEE 1.0
Director
$0 $0 $0
TIM DUNN TRUSTEE 1.0
Director
$0 $0 $0
JULIAN ZUGAZAGOITIA DIRECTOR/CEO 35.0
Officer
$821,428 $159,652 $981,080
AMANDA STONE EXECUTIVE VICE PRESIDENT 35.0
Highest
$246,066 $28,184 $274,250
NICOLLE RATLIFF VICE PRESIDENT, DEVELOPMENT 35.0
Highest
$215,776 $30,964 $246,740
STEVEN WATERMAN DEPUTY DIRECTOR, DESIGN & EXP 35.0
Highest
$228,901 $15,223 $244,124
TAMMY J BLUHM VICE PRESIDENT, FINANACE /CFO 35.0
Highest
$223,372 $40,769 $264,141
WILLIAM RUDOLPH DEPUTY DIR, CURATORIAL AFFAIRS 35.0
Highest
$216,532 $21,077 $237,609
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 $55,555,683 $50,993,315 $611,458,414 $4,562,368
2024 $36,221,182 $48,991,004 $601,675,786 $-12,769,822
2023 $10,381,523 $41,720,661 $591,680,064 $-31,339,138
2023 $10,381,523 $41,720,661 $591,680,064 $-31,339,138
2022 $25,702,378 $35,576,972 $610,782,059 $-9,874,594
2021 $18,057,755 $35,741,270 $635,177,358 $-17,683,515
2020 $35,543,070 $46,614,611 $572,182,849 $-11,071,541
2019 $40,212,712 $44,102,696 $616,443,871 $-3,889,984
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