Nonprofit · EIN 95-4516666
NARAS PROPERTIES INC
Tax-exempt · SANTA MONICA, CA 90404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $5,260,216 | $1,632,206 | $3,628,010 | $54,828,609 | $0 | $54,828,609 |
| July 31, 2024 | 990 | $5,260,216 | $1,624,564 | $3,635,652 | $51,200,599 | $0 | $51,200,599 |
| July 31, 2023 | 990 | $5,186,275 | $1,708,206 | $3,478,069 | $48,820,821 | $1,255,874 | $47,564,947 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,260,216
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,376
- Depreciation
- $1,564,963
Balance sheet and other
- Total assets, start of year
- $51,200,599
- Total assets, end of year
- $54,828,609
- Total liabilities, end of year
- $0
- Net assets, end of year
- $54,828,609
- Land, buildings and equipment
- $45,580,494
- Net assets without donor restrictions
- $54,828,609
- Gross receipts
- $5,260,216
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HARVEY MASON JR | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1.2 | $0 | $941,045 | $15,959 |
| BRANDEN CHAPMAN | DIRECTOR Trustee or director | 1.2 | $0 | $571,423 | $28,075 |
| WAYNE J ZAHNER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1.2 | $0 | $463,135 | $31,275 |
990 for the year ended July 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HARVEY MASON JR | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $1,286,777 | $16,996 |
| BRANDEN CHAPMAN | DIRECTOR Trustee or director | 1 | $0 | $544,144 | $34,018 |
| WAYNE J ZAHNER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $449,249 | $31,203 |
990 for the year ended July 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HARVEY MASON JR | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $1,350,633 | $15,494 |
| BRANDEN CHAPMAN | DIRECTOR Trustee or director | 1 | $0 | $525,631 | $40,567 |
| WAYNE J ZAHNER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $435,566 | $16,253 |
Address and contacts
- Address (IRS master file)
- 3030 OLYMPIC BLVD, SANTA MONICA, CA 90404-5073
- In care of
- % NARAS
- Principal officer (990 for 2024)
- WAYNE J ZAHNER, 3030 OLYMPIC BOULEVARD, SANTA MONICA, CA 904045073
- Signed the 990
- WAYNE J ZAHNER, CHIEF FINANCIAL OFFICER
- Phone
- (310) 392-3777
- Return prepared by
- DELOITTE TAX LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4516666 or by the name NARAS PROPERTIES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO HOLD REAL PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC.
Program accomplishments
- THE ORGANIZATION COLLECTS INCOME ON REAL PROPERTIES FOR THE BENEFIT OF NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 95-4516666
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $54,828,609
- Income (IRS master file)
- $5,260,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $5,260,216 | $1,632,206 | $54,828,609 | XML |
| 990 | July 2024 | $5,260,216 | $1,624,564 | $51,200,599 | XML |
| 990 | July 2023 | $5,186,275 | $1,708,206 | $48,820,821 | XML |
| 990 | July 2022 | $4,458,045 | $1,252,597 | $50,347,276 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-4516666).
Questions about NARAS PROPERTIES INC
- What is the EIN of NARAS PROPERTIES INC?
- The employer identification number (EIN) of NARAS PROPERTIES INC is 95-4516666.
- Is NARAS PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1995.
- Are donations to NARAS PROPERTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NARAS PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NARAS PROPERTIES INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NARAS PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of NARAS PROPERTIES INC?
- The 990 for the year ended July 31, 2025 names WAYNE J ZAHNER.
- Who are the officers and directors of NARAS PROPERTIES INC?
- The 990 for the year ended July 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NARAS PROPERTIES INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $5,260,216, expenses of $1,632,206 and total assets of $54,828,609 at year end.
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