BETA

THE NATION FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE NATION FOUNDATION (EIN 75-2942544)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-13
IRS object ID
201941339349102894
Schema version
2018v3.1
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)
Return2019-05-13T16:30:03-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752794910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Viviano & Associates PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115660 Dallas Pkwy Ste 1450AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75248ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752942544EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NATION FOUNDATION formely 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
Signature2019-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN L NELMS CPAPreparerPersonNm
PTINP00984356PTIN
Phone9722338111PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$19,744,193FMVAssetsEOYAmt
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$679,108DividendsRevAndExpnssAmt
Dividends Net Invst Incm$679,108DividendsNetInvstIncmAmt
Dividends Adj Net Incm$679,108DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$477,875NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,360,331GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$477,875CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$478,648NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$1,156,983TotalRevAndExpnssAmt
Total Net Invst Incm$1,156,983TotalNetInvstIncmAmt
Total Adj Net Incm$1,157,756TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$123,985OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$123,985OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$123,985TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$123,985TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$226,689ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$226,689ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$350,674TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$123,985TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$226,689TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$806,309ExcessRevenueOverExpensesAmt
Net Investment Income$1,032,998NetInvestmentIncomeAmt
Adjusted Net Income$1,157,756AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$62,585CashBOYAmt
Cash EOY$175,179CashEOYAmt
Cash EOYFMV$175,179CashEOYFMVAmt
Corporate Stock BOY$19,207,818CorporateStockBOYAmt
Corporate Stock EOY$18,931,728CorporateStockEOYAmt
Corporate Stock EOYFMV$19,569,014CorporateStockEOYFMVAmt
Total Assets BOY$19,270,403TotalAssetsBOYAmt
Total Assets EOY$19,106,907TotalAssetsEOYAmt
Total Assets EOYFMV$19,744,193TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$19,270,403RetainedEarningBOYAmt
Retained Earning EOY$19,106,907RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$19,270,403TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$19,106,907TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$19,270,403TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$19,106,907TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$19,270,403TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$806,309ExcessRevenueOverExpensesAmt
Other Increases$21,197OtherIncreasesAmt
Subtotal$20,097,909SubtotalAmt
Other Decreases$991,002OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$19,106,907TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
648.245 SHS VANGUARD S/T INV GR ADMP2016-08-042018-08-29$6,784$6,997-$213-$213
336.862 SHS VANGUARD S/T INV GR INVP2016-08-042018-12-12$3,500$3,636-$136-$136
1963.314 SHS VNGRD GLB WELL ADMP2017-10-302018-09-25$50,000$49,088$912$912
4016.064 SHS VNGRD GLB WELL ADMP2017-10-302018-11-28$100,000$100,424-$424-$424
1 SCHWAB #6225-RECAPP2018-01-012018-12-31$3,027,755$3,051,468-$23,713-$23,713
1 SCHWAB #0556-RECAPP2018-01-012018-12-31$3,422,063$2,974,897$447,166$447,166
1 SCHWAB #0131-RECAPP2018-01-012018-12-31$678,118$644,431$33,687$33,687
1 SCHWAB #2783-RECAPP2018-01-012018-12-31$72,111$51,515$20,596$20,596
FieldValueIRS element (for citing)
Capital Gain Net Income$477,875CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$478,648NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$138,383AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$20,339,487NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.00680DistributionYr1Rt
Adjusted Qlfy Distri Yr2$37,560AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$18,380,741NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.00204DistributionYr2Rt
Adjusted Qlfy Distri Yr3$783,010AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$16,925,301NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04626DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,652,624AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$12,221,156NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.13523DistributionYr4Rt
Adjusted Qlfy Distri Yr5$138,504AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$8,986,541NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.01541DistributionYr5Rt
Total Distribution0.205748TotalDistributionRt
Average Distribution0.041150AverageDistributionRt
Net Vl Noncharitable Assets$20,626,432NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$848,778AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$10,330NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$859,108AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$226,689QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$20,660InvestmentIncomeExciseTaxAmt
Subtotal$20,660SubtotalAmt
Tax Based On Investment Income$20,660TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$837EsPenaltyAmt
Tax Due$21,497TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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 LNAddressLine1Txt
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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 180849DALLASTX75218Director5.00$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$20,310,523AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$118,882AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$511,135FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$20,940,540TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$20,940,540AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$314,108CashDeemedCharitableAmt
Net Vl Noncharitable Assets$20,626,432NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,031,322MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,031,322MinimumInvestmentReturnAmt
Tax Based On Investment Income$20,660TaxBasedOnInvestmentIncomeAmt
Total Tax$20,660TotalTaxAmt
Distributable Before Adj$1,010,662DistributableBeforeAdjAmt
Distributable Before Ded$1,010,662DistributableBeforeDedAmt
Distributable As Adjusted$1,010,662DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$226,689ExpensesAndContributionsAmt
Qualifying Distributions$226,689QualifyingDistributionsAmt
Adjusted Qualifying Distri$226,689AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,010,662DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$1,163,354ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$1,163,354TotalExcessDistributionCyovAmt
Qualifying Distributions$226,689QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$226,689AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$783,973ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$783,973ExcessDistributionCyovAppCYAmt
Total Corpus$379,381TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$379,381ExcessDistriCyovToNextYrAmt
Excess From Year3$379,381ExcessFromYear3Amt

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 (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AUSTIN COLLEGE
900 GRAND AVESHERMANTX75090N/APCEDUCATION$111,000
TX AM UNIVERSITY
400 BIZZELL STCOLLEGE STATIONTX77843N/APCEDUCATION$39,905
DALLAS SYMPHONY
2301 FLORA STDALLASTX75201N/APCCIVIC$8,836
DALLAS BAPTIST UNIVERSITY
3000 MOUNTAIN CREEK PKWYDALLASTX75211N/APCEDUCATION$40,000
WHITE ROCK CENTER OF HOPE
10021 GARLAND RD ADALLASTX75218N/APCCIVIC$10,000
LAKE HIGHLANDS WOMEMS LEAGUE
P O BOX 38011DALLASTX75238N/APCCIVIC$5,000
DENISON FORUM
17304 PRESTON RDDALLASTX75252N/APCCIVIC$2,500
DALLAS BAPTIST UNIVERSITY
3000 MOUNTAIN CREEK PKWYDALLASTX75211N/APCCIVIC$9,448
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$226,689TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$679,108ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$477,875RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$679,108ExclusionAmt
Related Or Exempt Function Incm$477,875RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,156,983TotalIncomeProducingActyAmt

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 Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDescAmtAmt
2017 EXCISE TAX PAID$9,311
ADJ PRIOR BOOK/TAX COST BASIS-SCHWAB$964,409
TRANSFERS MISC/ROUNDING DIFF$17,282

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FEES-INST SCHWAB$117,530$117,530
FEES-MISC$561$561
FEES-MISC-BANK CHGS$45$45
FOREIGN TAXES - SCHWAB$5,434$5,434
MISC FEES$415$415

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON-DIVIDEND DIST-INVESTMENTDesc
Amt$21,197Amt

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