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THE NATION FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE NATION FOUNDATION (EIN 75-2942544)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-11
IRS object ID
202111629349100806
Schema version
2020v4.0
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)
Return2021-06-11T10:46:10-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN651240903PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cantrell Pearson & Associates PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13431 Lakeview Pkwy Suite 200AddressLine1Txt
CityRowlettCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75088ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-06-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMES HPersonFirstNm
Person LastNATIONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard D CantrellPreparerPersonNm
PTINP00583538PTIN
Phone2146071120PhoneNum

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$26,365,942FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$15,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$318,493DividendsRevAndExpnssAmt
Dividends Net Invst Incm$318,493DividendsNetInvstIncmAmt
Dividends Adj Net Incm$318,493DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$221,904NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$9,129,790GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$221,904CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$555,397TotalRevAndExpnssAmt
Total Net Invst Incm$540,397TotalNetInvstIncmAmt
Total Adj Net Incm$318,493TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$121,944OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$121,944OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$121,944TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$121,944TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$105,784ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$105,784ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$227,728TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$121,944TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$105,784TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$327,669ExcessRevenueOverExpensesAmt
Net Investment Income$418,453NetInvestmentIncomeAmt
Adjusted Net Income$318,493AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$385,671CashBOYAmt
Cash EOY$358,858CashEOYAmt
Cash EOYFMV$358,858CashEOYFMVAmt
Corporate Stock BOY$17,683,608CorporateStockBOYAmt
Corporate Stock EOY$18,343,962CorporateStockEOYAmt
Corporate Stock EOYFMV$25,495,949CorporateStockEOYFMVAmt
Other Assets BOY$511,135OtherAssetsBOYAmt
Other Assets EOY$511,135OtherAssetsEOYAmt
Other Assets EOYFMV$511,135OtherAssetsEOYFMVAmt
Total Assets BOY$18,580,414TotalAssetsBOYAmt
Total Assets EOY$19,213,955TotalAssetsEOYAmt
Total Assets EOYFMV$26,365,942TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$18,580,414RetainedEarningBOYAmt
Retained Earning EOY$19,213,955RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,580,414TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$19,213,955TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,580,414TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$19,213,955TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,580,414TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$327,669ExcessRevenueOverExpensesAmt
Other Increases$314,674OtherIncreasesAmt
Subtotal$19,222,757SubtotalAmt
Other Decreases$8,802OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$19,213,955TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SHORT TERM CS 0556P2020-01-012020-06-01$63,938$65,976-$2,038-$2,038
LONG TERM CS 0556P2019-01-012020-06-01$1,453,651$1,240,064$213,587$213,587
SHORT TERM CS 2783P2020-01-012020-06-01$233,221$205,566$27,655$27,655
LONG TERM CS 2783P2019-01-012020-06-01$114,757$110,521$4,236$4,236
SHORT TERM CS 6225P2020-01-012020-06-01$1,893,786$2,060,233-$166,447-$166,447
LONG TERM CS 6225P2019-01-012020-06-01$4,279,112$4,345,988-$66,876-$66,876
SHORT TERM CS 6735P2020-01-012020-06-01$156,827$139,930$16,897$16,897
LONG TERM VG 2523P2019-01-012020-06-01$236,301$228,658$7,643$7,643
SHORT TERM CS 0131P2020-01-012020-06-01$195,959$226,228-$30,269-$30,269
LONG TERM CS 0131P2019-01-012020-06-01$380,988$284,722$96,266$96,266
Capital Gain Dividends$121,250
FieldValueIRS element (for citing)
Capital Gain Net Income$221,904CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$154,202NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,816InvestmentIncomeExciseTaxAmt
Subtotal$5,816SubtotalAmt
Tax Based On Investment Income$5,816TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$120EsPenaltyAmt
Tax Due$5,936TaxDueAmt

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$24,205,238AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$182,415AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$511,135FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$24,898,788TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$24,898,788AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$373,482CashDeemedCharitableAmt
Net Vl Noncharitable Assets$24,525,306NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,226,265MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,226,265MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,816TaxBasedOnInvestmentIncomeAmt
Total Tax$5,816TotalTaxAmt
Distributable Before Adj$1,220,449DistributableBeforeAdjAmt
Distributable Before Ded$1,220,449DistributableBeforeDedAmt
Distributable As Adjusted$1,220,449DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$105,784ExpensesAndContributionsAmt
Qualifying Distributions$105,784QualifyingDistributionsAmt
Adjusted Qualifying Distri$105,784AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,220,449DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$127,366ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$127,366TotalExcessDistributionCyovAmt
Qualifying Distributions$105,784QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$105,784AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$127,366ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$127,366ExcessDistributionCyovAppCYAmt
Undistributed Income CY$987,299UndistributedIncomeCYAmt

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 (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TEXAS AM UNIVERSITY
400 BIZZELL STREETCOLLEGE STATIONTX77843N/APCEDUCATION$8,341
DALLAS SYMPHONY
2301 FLORA STREETDALLASTX75201N/APCCIVIC$9,158
UNIVERSITY OF TEXAS ARLINGTON
701 S NEDDERMAN DRIVEARLINGTONTX76019N/APCEDUCATION$5,830
DALLAS BAPTIST UNIVERSITY
3000 MAINTAIN CREEK PKWYDALLASTX75211PCEDUCATION$35,394
TEXAS TECH UNIVERSITY
PO BOX 45011LUBBOCKTX79409PCEDUCATION$7,000
OUR CALLING
PO BOX 140428DALLASTX75214PCCIVIC$30,000
UNIVERSITY OF TEXAS MEDICAL BRANCH
301 UNIVERSITY BLVDGALVESTONTX77555PCEDUCATION$10,061
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$105,784TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$318,493ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$221,904RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$318,493ExclusionAmt
Related Or Exempt Function Incm$221,904RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$540,397TotalIncomeProducingActyAmt

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
Desc2019 EXCISE TAX PAIDDesc
Amt$8,802Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FEES SCHWAB 0566$40,726$40,726
FEES SCHWAB 2783$4,775$4,775
FEES-SCHWAB 0131$7,184$7,184
FEES-SCHWAB 6225$68,436$68,436
FEES-SCHWAB 6735$823$823

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescADJ PRIOR BOOK/TAX COST BASIS-SCHWABDesc
Amt$314,674Amt

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