Pentagon Memorial Fund Inc
- Assets
- $18.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Arlington, VA
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 43-2018221
Organization Overview
Pentagon Memorial Fund Inc is located in Arlington, VA. The organization was established in 2003. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pentagon Memorial Fund Inc 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 12/2022, Pentagon Memorial Fund Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MAINTENANCE OF THE PENTAGON MEMORIAL AND EDUCATE THE PUBLIC ON THE EVENTS OF 9/11.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITOR EDUCATION CENTER:WITH THE PENTAGON MEMORIAL COMPLETE, THE PENTAGON MEMORIAL FUND FOCUSES ON DEVELOPING EDUCATION RESOURCES THAT ENHANCE THE VISITORS' EXPERIENCE AT THE MEMORIAL BY HELPING THEM UNDERSTAND THE 9/11 EVENTS, THE HISTORIC SIGNIFICANCE OF THE MEMORIAL SITE AND THE UNIQUE ELEMENTS OF THE PENTAGON MEMORIAL.
PENTAGON MEMORIAL MAINTENANCE:THE FUND SUPPORTS THE YEARLY MAINTENANCE OF THE PENTAGON MEMORIAL.
EDUCATION AND OUTREACH:CONTINUING EFFORTS TO EDUCATE AND INFORM THE PUBLIC ON THE EVENTS OF 9/11 AS THEY RELATE TO THE ATTACK ON THE PENTAGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Laychak Ex-Officio/executive Director | Officer | 40 | $250,736 |
Sean T Connaughton Board Chair & President | OfficerTrustee | 1 | $0 |
Michael Discenza Vice President | OfficerTrustee | 1 | $0 |
John P Langan CPA Treasurer | OfficerTrustee | 1 | $0 |
Karen Maude Secretary | OfficerTrustee | 1 | $0 |
Tara Allison Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hahn Group Inc Fundraising Consulting | 12/30/22 | $272,000 |
Yellow Rook Llc Marketing And Website Management | 12/30/22 | $204,957 |
Mark G Anderson Consultants Inc Program Management Services | 12/30/22 | $166,033 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,799,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,799,775 |
| Total Program Service Revenue | $0 |
| Investment income | $239,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $329,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,369,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,000 |
| 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. | $283,369 |
| Compensation of current officers, directors, key employees. | $89,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $272,000 |
| Fees for services: Investment Management | $47,770 |
| Fees for services: Other | $215,923 |
| Advertising and promotion | $118,124 |
| Office expenses | $1,010 |
| Information technology | $51,773 |
| Royalties | $0 |
| Occupancy | $5,796 |
| 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 | $168,632 |
| Insurance | $3,568 |
| All other expenses | $0 |
| Total functional expenses | $1,585,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $934,594 |
| Pledges and grants receivable | $4,741,890 |
| Accounts receivable, net | $0 |
| 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 | $10,375 |
| Net Land, buildings, and equipment | $4,578,327 |
| Investments—publicly traded securities | $8,008,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $459,024 |
| Other assets | $0 |
| Total assets | $18,732,890 |
| Accounts payable and accrued expenses | $117,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $117,613 |
| Net assets without donor restrictions | $18,615,277 |
| Net assets with donor restrictions | $0 |
| 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 | $18,732,890 |