Uss Midway Museum
- Assets
- $112.5m
- Revenue
- $39.8m
- Investments
- $53.2m
- Employees
- 279
- Location
- San Diego, CA
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 33-0556416
Organization Overview
Uss Midway Museum is located in San Diego, CA. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Uss Midway Museum employed 279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uss Midway Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Uss Midway Museum generated $39.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $28.8m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Uss Midway Museum has awarded 34 individual grants totaling $5,737,336. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORIC USS MIDWAY AND THE LEGACY OF THOSE WHO SERVE, INSPIRE AND EDUCATE FUTURE GENERATIONS, AND ENTERTAIN MUSEUM GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USS MIDWAY MUSEUM IS A DYNAMIC NONPROFIT NAVAL AVIATION MUSEUM WHOSE PROGRAM ELEMENTS INCLUDE EDUCATIONAL CURRICULUM AND CLASS VISITS FOR MORE THAN 40,000 STUDENTS ANNUALLY; AN ACTIVE SLEEPOVER PROGRAM FOR YOUTH GROUPS; ONGOING DEVELOPMENT OF NAVAL AVIATION EXHIBITS; HOSTING MORE THAN 250 PRIVATE EVENTS A YEAR; MANAGING AN ACTIVE VOLUNTEER CORPS IN EXCESS OF 850; AND PROVIDING NECESSARY PROGRAM SAFETY AND SECURITY.THE MUSEUM IS A REGIONAL RESOURCE FOR A VARIETY OF NONPROFIT ORGANIZATIONS, INCLUDING EDUCATION, AND REGULARLY HOSTS COMMUNITY, BUSINESS, AND CIVIC EVENTS. ITS VISION IS TO BE AMERICA'S LIVING SYMBOL OF FREEDOM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Hamilton CFO | Officer | 40 | $213,106 |
Leonard Santiago Dir Of Engineering | 40 | $205,248 | |
Radm John Mclaughin Fmr Pres & CEO | Officer | 40 | $212,803 |
Mark Berlin Director Of Ops | 40 | $165,223 | |
Radm Terry Kraft President & CEO | OfficerTrustee | 40 | $170,234 |
Liane Morton Director Of Hr | 40 | $138,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $333,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,317,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,651,199 |
| Total Program Service Revenue | $27,750,021 |
| Investment income | $1,386,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,482,609 |
| Net Income from Fundraising Events | -$7,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,786,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,756,819 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $628,343 |
| Compensation of current officers, directors, key employees. | $572,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,751,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,685,198 |
| Payroll taxes | $799,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $889,541 |
| Advertising and promotion | $575,022 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,026,818 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,803,120 |
| Insurance | $197,000 |
| All other expenses | $1,999,841 |
| Total functional expenses | $28,849,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,607,722 |
| Savings and temporary cash investments | $10,066,840 |
| Pledges and grants receivable | $93,081 |
| Accounts receivable, net | $1,463,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,870,710 |
| Net Land, buildings, and equipment | $39,614,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,173,269 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $627,520 |
| Total assets | $112,516,620 |
| Accounts payable and accrued expenses | $3,096,526 |
| Grants payable | $2,680,259 |
| Deferred revenue | $1,563,601 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $936,425 |
| Total liabilities | $8,276,811 |
| Net assets without donor restrictions | $103,379,705 |
| Net assets with donor restrictions | $860,104 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $112,516,620 |
Grants Awarded
Over the last fiscal year, Uss Midway Museum has awarded $1,700,921 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARMED SERVICES YMCA PURPOSE: PROGRAM SUPPORT | $34,482 |
BARRIO LOGAN COLLEGE INST PURPOSE: PROGRAM SUPPORT | $40,000 |
HISTORIC NAVAL SHIPS ASSOC PURPOSE: 2024 Event | $6,000 |
CLASSROOM OF THE FUTURE FDN PURPOSE: PROGRAM SUPPORT | $25,500 |
SAN DIEGO ANGLERS FOUNDATION PURPOSE: Branches Fishing event for vet | $10,000 |
NAVAL HELICOPTER ASSOC HIST PURPOSE: PROGRAM SUPPORT | $16,778 |