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THE NATION FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE NATION FOUNDATION (EIN 75-2942544)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-01
IRS object ID
202541219349100764
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-01T12:43:25-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN651240903PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CANTRELL PEARSON AND ASSOCIATES PPLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13431 LAKEVIEW PARKWAY SUITE 200AddressLine1Txt
CityROWLETTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75088ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752942544EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NATION FOUNDATION formerly known asBusinessNameLine1Txt
Business Name Line2JAMES AND SALLY NATION FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone2143885751PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 180849AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75218ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES H NATIONPersonNm
Person TitleDirectorPersonTitleTxt
Signature2025-05-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMason MorrowPreparerPersonNm
PTINP01948813PTIN
Phone2146071120PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$27,841,451FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$483,326DividendsRevAndExpnssAmt
Dividends Net Invst Incm$483,326DividendsNetInvstIncmAmt
Dividends Adj Net Incm$483,326DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,861,822NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,301,194GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,861,822CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,345,148TotalRevAndExpnssAmt
Total Net Invst Incm$2,345,148TotalNetInvstIncmAmt
Total Adj Net Incm$483,326TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$129,249OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$129,249OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$129,249TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$129,249TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,103,039ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,103,039ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,232,288TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$129,249TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,103,039TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,112,860ExcessRevenueOverExpensesAmt
Net Investment Income$2,215,899NetInvestmentIncomeAmt
Adjusted Net Income$483,326AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$341,444CashBOYAmt
Cash EOY$1,173,706CashEOYAmt
Cash EOYFMV$1,173,700CashEOYFMVAmt
Corporate Stock BOY$17,161,376CorporateStockBOYAmt
Corporate Stock EOY$17,262,127CorporateStockEOYAmt
Corporate Stock EOYFMV$26,156,616CorporateStockEOYFMVAmt
Other Assets BOY$511,136OtherAssetsBOYAmt
Other Assets EOY$511,135OtherAssetsEOYAmt
Other Assets EOYFMV$511,135OtherAssetsEOYFMVAmt
Total Assets BOY$18,013,956TotalAssetsBOYAmt
Total Assets EOY$18,946,968TotalAssetsEOYAmt
Total Assets EOYFMV$27,841,451TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$18,013,956RetainedEarningBOYAmt
Retained Earning EOY$18,946,968RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,013,956TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$18,946,968TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,013,956TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$18,946,968TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,013,956TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,112,860ExcessRevenueOverExpensesAmt
Subtotal$19,126,816SubtotalAmt
Other Decreases$179,848OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$18,946,968TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SHORT TERM VG 2523P2024-01-012024-12-31$14,551$11,365$3,186$3,186
LONG TERM VG 2523P2010-01-012024-12-31$225,364$176,103$49,261$49,261
SHORT TERM CS 0556P2024-01-012024-12-31$801,787$846,710-$44,923-$44,923
LONG TERM CS 0556P2010-01-012024-12-31$1,869,899$900,752$969,147$969,147
SHORT TERM CS 2783P2024-01-012024-12-31$53,230$53,265-$35-$35
LONG TERM CS 2783P2010-01-012024-12-31$184,448$120,028$64,420$64,420
SHORT TERM CS 6225P2024-01-012024-12-31$213,918$198,964$14,954$14,954
LONG TERM CS 6225P2010-01-012024-12-31$2,484,039$2,132,185$351,854$351,854
Capital Gain Dividends$453,958
FieldValueIRS element (for citing)
Capital Gain Net Income$1,861,822CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$26,818NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$30,801InvestmentIncomeExciseTaxAmt
Subtotal$30,801SubtotalAmt
Tax Based On Investment Income$30,801TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1,689EsPenaltyAmt
Tax Due$32,490TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAMES NATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2143885751PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18273 MOBERLY LANEAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75227ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JAMES NATION
PO BOX 180849DALLASTX75219Director5.00$0
SALLY NATION
PO BOX 180849DALLASTX75218Director10.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$25,610,466AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$757,572AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$511,135FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$26,879,173TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$26,879,173AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$403,188CashDeemedCharitableAmt
Net Vl Noncharitable Assets$26,475,985NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,323,799MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,323,799MinimumInvestmentReturnAmt
Tax Based On Investment Income$30,801TaxBasedOnInvestmentIncomeAmt
Total Tax$30,801TotalTaxAmt
Distributable Before Adj$1,292,998DistributableBeforeAdjAmt
Distributable Before Ded$1,292,998DistributableBeforeDedAmt
Distributable As Adjusted$1,292,998DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,103,039ExpensesAndContributionsAmt
Qualifying Distributions$1,103,039QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,292,998DistributableAsAdjustedAmt
Undistributed Income PY$1,095,474UndistributedIncomePYAmt
Qualifying Distributions$1,103,039QualifyingDistributionsAmt
Applied To Year1$1,095,474AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,565AppliedToCurrentYearAmt
Undistributed Income CY$1,285,433UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE NATION FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 180849AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75218ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2143885751RecipientPhoneNum
Form And Info And MaterialsAPPLICATIONS IN WRITING AND REASON FOR REQUESTFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONS OR LIMITATIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AUSTIN COLLEGE
900 NORTH GRAND AVENUESHERMANTX75090N/APCEDUCATION$200,000
TEXAS AM UNIVERSITY
400 BIZZELL STREETCOLLEGE STATIONTX77843N/APCEDUCATION$30,000
HEALING HANDS MINISTRIES
PO BOX 741524DALLASTX75374PCCIVIC$20,000
DALLAS BAPTIST UNIVERSITY
3000 MAINTAIN CREEK PKWYDALLASTX75211PCEDUCATION$5,000
OUR CALLING
PO BOX 140428DALLASTX75214PCCIVIC$10,000
PARK CITIES BAPTIST CHURCH
3933 NORTHWEST PKWYDALLASTX75225PCCIVIC$725,000
WHITE ROCK CENTER OF HOPE
10021 GARLAND RD ADALLASTX75218N/APCCIVIC$10,000
YOUNG LIFE
11300 N CENTRAL EXPYDALLASTX75243PCCIVIC$10,000
DENISON MINISTRIES
17304 PRESTON RD SUITE 1060DALLASTX75252N/ACIVIC$10,000
FINISHING WELL MINISTRIES
2001 W PLANO PKWYPLANOTX75075N/ACIVIC$10,000
HIGHLAND COUNTRY FELLOWSHIP CHURCH
8202 BOEDEKER STDALLASTX75225N/ACIVIC$10,000
LAKE HIGHLANDS YMCA
8920 STULTS RDDALLASTX75243N/ACIVIC$2,500
NEW SONG COMMUNITY CHOIR
4316 ABRAMS RDDALLASTX75214N/APCCIVIC$10,000
MERCY STREET
3801 HOLYSTONE STDALLASTX75212N/APCCIVIC$10,000
US AVIATION ACADEMY
4850 SPARTAN DRDENTONTX76207PCEDUCATION$20,000
DALLAS SKIN INSTITUTE
11909 PRESTON RD STE 1444DALLASTX75230PCEDUCATION$20,539
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,103,039TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$483,326RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,861,822RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,345,148RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,345,148TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescCOLLECTIBLESDesc
BOY Book Value$511,135BOYBookValueAmt
EOY Book Value$511,135EOYBookValueAmt
EOYFMV$511,135EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
2023 EXCISE TAX PAID$9,017
ADJ PRIOR BOOK/TAX COST BASIS-SCHWAB$170,831

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FEES SCHWAB 0566$57,990$57,990
FEES SCHWAB 2783$9,389$9,389
FEES-SCHWAB 6225$61,870$61,870

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