NELSON MARITIME ARTS FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NELSON MARITIME ARTS FOUNDATION (EIN 33-0833923)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-12-03
IRS object ID
202133379349100013
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)
Return2021-12-03T15:22:50-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-12-03SignatureDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,411,022FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$13,712ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$230DividendsRevAndExpnssAmt
Dividends Net Invst Incm$230DividendsNetInvstIncmAmt
Dividends Adj Net Incm$230DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$16,379NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$22,169GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$16,379CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,323TotalRevAndExpnssAmt
Total Net Invst Incm$16,611TotalNetInvstIncmAmt
Total Adj Net Incm$232TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$2,665OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$29,504OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$137OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$29,322OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$32,179TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$137TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$29,322TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$32,179TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$137TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$29,322TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,856ExcessRevenueOverExpensesAmt
Net Investment Income$16,474NetInvestmentIncomeAmt
Adjusted Net Income$232AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,442CashBOYAmt
Cash EOY$4,796CashEOYAmt
Cash EOYFMV$4,796CashEOYFMVAmt
Corporate Stock EOY$5,790CorporateStockEOYAmt
Corporate Stock EOYFMV$37,153CorporateStockEOYFMVAmt
Other Assets BOY$8,369,073OtherAssetsBOYAmt
Other Assets EOY$8,369,073OtherAssetsEOYAmt
Other Assets EOYFMV$8,369,073OtherAssetsEOYFMVAmt
Total Assets BOY$8,381,515TotalAssetsBOYAmt
Total Assets EOY$8,379,659TotalAssetsEOYAmt
Total Assets EOYFMV$8,411,022TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$8,381,515RetainedEarningBOYAmt
Retained Earning EOY$8,379,659RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$8,381,515TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,379,659TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,381,515TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,379,659TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,381,515TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,856ExcessRevenueOverExpensesAmt
Subtotal$8,379,659SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,379,659TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property70 APPLE INCPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2012-07-25AcquiredDt
Sold2020-05-19SoldDt
Gross Sales Price$22,169GrossSalesPriceAmt
Cost Or Other Basis$5,790CostOrOtherBasisAmt
Gain Or Loss$16,379GainOrLossAmt
Gains Minus Excess Or Losses$16,379GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$16,379CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$229InvestmentIncomeExciseTaxAmt
Subtotal$229SubtotalAmt
Tax Based On Investment Income$229TaxBasedOnInvestmentIncomeAmt
Tax Due$229TaxDueAmt

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$29,322Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,895AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,619AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$11,514TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$11,514AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$173CashDeemedCharitableAmt
Net Vl Noncharitable Assets$11,341NetVlNoncharitableAssetsAmt
Minimum Investment Return$567MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

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

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$29,322ExpensesAndContributionsAmt
Qualifying Distributions$29,322QualifyingDistributionsAmt
Adjusted Qualifying Distri$29,322AdjustedQualifyingDistriAmt

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$232CurrentYearAmt
Year1$177Year1Amt
Year2$848Year2Amt
Year3$606Year3Amt
Total$1,863TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$197CurrentYearAmt
Year1$150Year1Amt
Year2$721Year2Amt
Year3$515Year3Amt
Total$1,583TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$29,322CurrentYearAmt
Year1$38,990Year1Amt
Year2$21,531Year2Amt
Year3$23,446Year3Amt
Total$113,289TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$29,322CurrentYearAmt
Year1$38,990Year1Amt
Year2$21,531Year2Amt
Year3$23,446Year3Amt
Total$113,289TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$8,379,659CurrentYearAmt
Year1$8,381,515Year1Amt
Year2$8,398,861Year2Amt
Year3$8,396,610Year3Amt
Total$33,556,645TotalAmt

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$2ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$230ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,379RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$232ExclusionAmt
Related Or Exempt Function Incm$16,379RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,611TotalIncomeProducingActyAmt

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$41,575TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property140 SHARES APPLE, INC. COMMON STOCKNoncashPropertyDesc
Fair Market Value$41,575FairMarketValueAmt
Received2020-03-04ReceivedDt

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$45
INSURANCE$29,322$29,322
INVESTMENT EXPENSES$137$137

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$655$0$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE TAXESCategoryTxt
Amt$10Amt

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