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THE NATION FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
THE NATION FOUNDATION (EIN 75-2942544)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-14
IRS object ID
202611349349105761
Schema version
2025v4.1
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)
Return2026-05-14T20:00:57-07:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

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 Begin2025-01-01TaxPeriodBeginDt

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
Signature2026-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRozina TharaniPreparerPersonNm
PTINP01311202PTIN
Phone2146071120PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$26,378,124FMVAssetsEOYAmt
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$426,503DividendsRevAndExpnssAmt
Dividends Net Invst Incm$426,503DividendsNetInvstIncmAmt
Dividends Adj Net Incm$426,503DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,911,657NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,991,947GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,911,657CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$12,952OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$12,952OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$12,952OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$2,351,112TotalRevAndExpnssAmt
Total Net Invst Incm$2,351,112TotalNetInvstIncmAmt
Total Adj Net Incm$439,455TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$127,033OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127,033OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$127,033TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127,033TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,266,301ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,266,301ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,393,334TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127,033TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,266,301TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,042,222ExcessRevenueOverExpensesAmt
Net Investment Income$2,224,079NetInvestmentIncomeAmt
Adjusted Net Income$439,455AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,173,706CashBOYAmt
Cash EOY$1,147,384CashEOYAmt
Cash EOYFMV$1,147,384CashEOYFMVAmt
Corporate Stock BOY$17,262,127CorporateStockBOYAmt
Corporate Stock EOY$17,290,109CorporateStockEOYAmt
Corporate Stock EOYFMV$24,719,605CorporateStockEOYFMVAmt
Other Assets BOY$511,135OtherAssetsBOYAmt
Other Assets EOY$511,135OtherAssetsEOYAmt
Other Assets EOYFMV$511,135OtherAssetsEOYFMVAmt
Total Assets BOY$18,946,968TotalAssetsBOYAmt
Total Assets EOY$18,948,628TotalAssetsEOYAmt
Total Assets EOYFMV$26,378,124TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$18,946,968RetainedEarningBOYAmt
Retained Earning EOY$18,948,628RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,946,968TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$18,948,628TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,946,968TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$18,948,628TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,946,968TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,042,222ExcessRevenueOverExpensesAmt
Other Increases$1,076,372OtherIncreasesAmt
Subtotal$18,981,118SubtotalAmt
Other Decreases$32,490OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$18,948,628TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SHORT TERM CS 0556P2025-01-012025-12-31$324,548$433,203-$108,655-$108,655
LONG TERM CS 0556P2010-01-012025-12-31$1,970,814$1,171,643$799,171$799,171
SHORT TERM CS 2783P2025-01-012025-12-31$101,030$98,029$3,001$3,001
LONG TERM CS 2783P2010-01-012025-12-31$417,428$264,125$153,303$153,303
SHORT TERM CS 6225P2025-01-012025-12-31$460,905$456,504$4,401$4,401
LONG TERM CS 6225P2010-01-012025-12-31$5,603,231$4,656,786$946,445$946,445
Capital Gain Dividends$113,991
FieldValueIRS element (for citing)
Capital Gain Net Income$1,911,657CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$101,253NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$30,915InvestmentIncomeExciseTaxAmt
Subtotal$30,915SubtotalAmt
Tax Based On Investment Income$30,915TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1,580EsPenaltyAmt
Tax Due$32,495TaxDueAmt
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$25,438,111AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,160,542AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$511,135FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$27,109,788TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$27,109,788AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$406,647CashDeemedCharitableAmt
Net Vl Noncharitable Assets$26,703,141NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,335,157MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,335,157MinimumInvestmentReturnAmt
Tax Based On Investment Income$30,915TaxBasedOnInvestmentIncomeAmt
Total Tax$30,915TotalTaxAmt
Distributable Before Adj$1,304,242DistributableBeforeAdjAmt
Distributable Before Ded$1,304,242DistributableBeforeDedAmt
Distributable As Adjusted$1,304,242DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,266,301ExpensesAndContributionsAmt
Qualifying Distributions$3,266,301QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,304,242DistributableAsAdjustedAmt
Undistributed Income PY$1,285,433UndistributedIncomePYAmt
Qualifying Distributions$3,266,301QualifyingDistributionsAmt
Applied To Year1$1,285,433AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,304,242AppliedToCurrentYearAmt
Remaining Distri From Corpus$676,626RemainingDistriFromCorpusAmt
Total Corpus$676,626TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$676,626ExcessDistriCyovToNextYrAmt
Excess From Current Year$676,626ExcessFromCurrentYearAmt

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 (22 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TEXAS AM UNIVERSITY
400 BIZZELL STREETCOLLEGE STATIONTX77843N/APCEDUCATION$40,000
DALLAS SYMPHONY
2301 FLORA STREETDALLASTX75201N/APCCIVIC$9,972
HEALING HANDS MINISTRIES
PO BOX 741524DALLASTX75374PCCIVIC$20,000
DALLAS BAPTIST UNIVERSITY
3000 MAINTAIN CREEK PKWYDALLASTX75211PCEDUCATION$805,000
OUR CALLING
PO BOX 140428DALLASTX75214PCCIVIC$10,000
PARK CITIES BAPTIST CHURCH
3933 NORTHWEST PKWYDALLASTX75225PCCIVIC$110,000
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/APCCIVIC$10,000
FINISHING WELL MINISTRIES
2001 W PLANO PKWYPLANOTX75075N/APCCIVIC$10,000
LAKE HIGHLANDS YMCA
8920 STULTS RDDALLASTX75243N/APCCIVIC$2,500
MERCY STREET
3801 HOLYSTONE STDALLASTX75212N/APCCIVIC$10,000
US AVIATION ACADEMY
4850 SPARTAN DRDENTONTX76207PCEDUCATION$10,000
LAKE HIGHLANDS BAPTIST CHURCH
642 Brookhurst DrDallasTX75218PCCIVIC$50,000
NATIONAL LASER INSTITUTE
3850 W Northwest Hwy Suite 1100DallasTX75220PCEDUCATION$8,950
OKLAHOMA STATE UNIVERSITY
304 Whitehurst HallStillwaterOK74078PCCIVIC$10,000
SAMFORD UNIVERSITY
800 Lakeshore DrHomewoodAL35229PCCIVIC$10,000
TEXAS AM COMMERCE
2104 University DrCOMMERCETX75428PCCIVIC$10,000
TEXAS STATE UNIVERSITY
601 University DrSAN MARCOSTX78666PCCIVIC$13,097
THRUST FLIGHT SCHOOL
4700 AIRPORT PKWYADDISONTX75001PCEDUCATION$95,000
VENTANA BY BUCKNER
8301 N Central ExpyDALLASTX75225PCCIVIC$5,000
DALLAS BAPTIST UNIVERSITY
3000 MAINTAIN CREEK PKWYDALLASTX75211PCCIVIC$2,006,782
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,266,301TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$426,503RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,952RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,911,657RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,351,112RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,351,112TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Desc2024 EXCISE TAX PAIDDesc
Amt$32,490Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FEES SCHWAB 0556$60,522$60,522
FEES SCHWAB 2783$6,809$6,809
FEES-SCHWAB 6225$59,702$59,702

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$12,952RevenueAndExpensesPerBooksAmt
Net Investment Income$12,952NetInvestmentIncomeAmt
Adjusted Net Income$12,952AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescADJ PRIOR BOOK/TAX COST BASIS-SCHWABDesc
Amt$1,076,372Amt

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