NELSON MARITIME ARTS FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
NELSON MARITIME ARTS FOUNDATION (EIN 33-0833923)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-13
IRS object ID
202231339349102308
Schema version
2021v4.0
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)
Return2022-05-13T08:40:20-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330953099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WELCH AND CO ACCOUNTANCY CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line125500 HAWTHORNE BLVD SUITE 2500AddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90505ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330833923EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NELSON MARITIME ARTS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNELSBusinessNameControlTxt
Phone3105413830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line128748 CEDARBLUFF DRIVEAddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOYCE W NELSONPersonNm
Person TitleDirectorPersonTitleTxt
Signature2022-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOYCE WPersonFirstNm
Person LastNELSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKERRY WELCHPreparerPersonNm
PTINP00165793PTIN
Phone3103732233PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,424,850FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$6,568ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$145DividendsRevAndExpnssAmt
Dividends Net Invst Incm$145DividendsNetInvstIncmAmt
Dividends Adj Net Incm$145DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$73,522NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$85,880GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$73,522CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$80,239TotalRevAndExpnssAmt
Total Net Invst Incm$73,671TotalNetInvstIncmAmt
Total Adj Net Incm$149TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$5,625OtherProfFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$29,423OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$197OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$29,201OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$35,048TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$197TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$29,201TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$35,048TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$197TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$29,201TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,191ExcessRevenueOverExpensesAmt
Net Investment Income$73,474NetInvestmentIncomeAmt
Adjusted Net Income$149AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,796CashBOYAmt
Cash EOY$55,777CashEOYAmt
Cash EOYFMV$55,777CashEOYFMVAmt
Corporate Stock BOY$5,790CorporateStockBOYAmt
Other Assets BOY$8,369,073OtherAssetsBOYAmt
Other Assets EOY$8,369,073OtherAssetsEOYAmt
Other Assets EOYFMV$8,369,073OtherAssetsEOYFMVAmt
Total Assets BOY$8,379,659TotalAssetsBOYAmt
Total Assets EOY$8,424,850TotalAssetsEOYAmt
Total Assets EOYFMV$8,424,850TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$8,379,659RetainedEarningBOYAmt
Retained Earning EOY$8,424,850RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,379,659TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,424,850TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,379,659TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,424,850TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,379,659TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,191ExcessRevenueOverExpensesAmt
Subtotal$8,424,850SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,424,850TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
280 APPLE INCP2012-07-252021-03-18$35,096$5,790$29,306$29,306
400 APPLE INCP2012-02-032021-05-25$50,784$6,568$44,216$44,216
FieldValueIRS element (for citing)
Capital Gain Net Income$73,522CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,021InvestmentIncomeExciseTaxAmt
Subtotal$1,021SubtotalAmt
Tax Based On Investment Income$1,021TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$5EsPenaltyAmt
Tax Due$1,026TaxDueAmt
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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
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 Line1JOYCE NELSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3105413830PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line128748 CEDAR BLUFF DRIVEAddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOYCE W NELSON
28748 CEDARBLUFF DRIVERANCHO PALOS VERDESCA90275President/DIR.5.00$0
HUNT NELSON
28748 CEDARBLUFF DRIVERANCHO PALOS VERDESCA90275VP/DIRECTOR1.00$0
SUSAN ADAMSEN
28748 CEDARBLUFF DRIVERANCHO PALOS VERDESCA90275VP-CFO/DIRECTOR1.00$0
ANNE NELSON
28748 CEDARBLUFF DRIVERANCHO PALOS VERDESCA90275VP-SECTY/DIR1.00$0
GEORGE DAVIS
28748 CEDARBLUFF DRIVERANCHO PALOS VERDESCA90275Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1MARITIME ART WORK PROVIDED TO CHANNEL ISLANDS MARITIME MUSEUM3900 BLUEFIN CIRCLEOXNARD, CA 93035Description1Txt
Expenses1$29,201Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,895AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,286AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$33,181TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$33,181AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$498CashDeemedCharitableAmt
Net Vl Noncharitable Assets$32,683NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,634MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$29,201ExpensesAndContributionsAmt
Qualifying Distributions$29,201QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling1999-04-13PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$149CurrentYearAmt
Year1$232Year1Amt
Year2$177Year2Amt
Year3$848Year3Amt
Total$1,406TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$127CurrentYearAmt
Year1$197Year1Amt
Year2$150Year2Amt
Year3$721Year3Amt
Total$1,195TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$29,201CurrentYearAmt
Year1$29,322Year1Amt
Year2$38,990Year2Amt
Year3$21,531Year3Amt
Total$119,044TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$29,201CurrentYearAmt
Year1$29,322Year1Amt
Year2$38,990Year2Amt
Year3$21,531Year3Amt
Total$119,044TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$8,424,850CurrentYearAmt
Year1$8,379,659Year1Amt
Year2$8,381,515Year2Amt
Year3$8,398,861Year3Amt
Total$33,584,885TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Current Year$8,369,073CurrentYearAmt
Year1$8,369,073Year1Amt
Year2$8,369,073Year2Amt
Year3$8,369,073Year3Amt
Total$33,476,292TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOYCE W NELSONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$145ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$73,522RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$149ExclusionAmt
Related Or Exempt Function Incm$73,522RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$73,671TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJOYCE NELSONContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line128748 CEDARBLUFF DRIVEAddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd
FieldValueIRS element (for citing)
Total Contributions$51,240TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property400 SHARES APPLE INC. COMMON STOCKNoncashPropertyDesc
Fair Market Value$51,240FairMarketValueAmt
Received2021-05-06ReceivedDt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescMARITIME ARTWORKDesc
BOY Book Value$8,369,073BOYBookValueAmt
EOY Book Value$8,369,073EOYBookValueAmt
EOYFMV$8,369,073EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
FILING FEES$25
INSURANCE$29,201$29,201
INVESTMENT EXPENSES$197$197

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNTING FEES$2,010$0$0$0
LEGAL FEES$3,615$0$0$0

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.