Us Navy Memorial Foundation
- Assets
- $3.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 52-1104476
Organization Overview
Us Navy Memorial Foundation is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Us Navy Memorial Foundation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Navy Memorial Foundation 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 12/2021, Us Navy Memorial Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE US NAVY MEMORIAL'S MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE.
Describe the Organization's Program Activity:
VISITOR CENTER SERVICES - THE VISITOR CENTER HONORS, RECOGNIZES, AND CELEBRATES AMERICA'S ENDURING MARITIME HERITAGE THROUGH COMMEMORATIVE CEREMONIES, REUNION MEETINGS, REENLISTMENT AND RETIREMENT CEREMONIES, BAND CONCERTS, FILM AND VIDEO PRESENTATIONS, PHOTOGRAPHIC AND DATA COLLECTIONS, SPECIAL EVENTS, AND EXHIBITS.DUE TO THE ONGOING COVID-19 PANDEMIC, THE VISITOR CENTER REMAINED CLOSED TO THE PUBLIC THROUGH JUNE 16, 2021. THE VISITOR CENTER WAS ABLE TO REOPEN TO THE PUBLIC ON A LIMITED BASIS BEGINNING JUNE 17, 2021. CONTINUING PUBLIC HEALTH SAFETY RESTRICTIONS IN THE DISTRICT OF COLUMBIA HAD A SIGNIFICANT IMPACT ON THE NUMBER AND TYPES OF IN-PERSON EVENTS THAT WERE ALLOWED TO BE HELD IN THE VISITOR CENTER THROUGH THE REMAINDER OF 2021. DURING THIS TIME, THE NAVY MEMORIAL CONTINUED TO FULFIL ITS MISSION THROUGH ONLINE COMMEMORATIVE EVENTS WHICH ENABLED THE NAVY MEMORIAL TO EXPAND THE IMPACT OF ITS PROGRAMMING TO AUDIENCES ACROSS THE GLOBE.
EDUCATIONAL SERVICES - EDUCATE THE PUBLIC ABOUT THE HERITAGE OF THE UNITED STATES AS A MARITIME NATION AND THE CONTRIBUTIONS OF MEN AND WOMEN IN THE SEA SERVICES THROUGH EXHIBITS, FILM AND VIDEO PRESENTATIONS, LECTURES, TOURS, PUBLICATIONS, AND EVENTS. DURING THE GLOBAL COVID-19 PANDEMIC, THE NAVY MEMORIAL CONTINUED TO ENHANCE AND EXPAND ITS ONLINE EDUCATIONAL OFFERINGS TO INCLUDE A DIGITIZED VERSION OF THE JUNIOR SAILOR PROGRAM, ONLINE COURSE MATERIALS FOR K-12 ON HISTORY AND HERITAGE, SEA SERVICE TRADITIONS AND ARCHIVAL RESEARCH.
THE FOUNDATION HOSTS SEVERAL SPECIAL EVENTS THROUGHOUT THE YEAR TO SUPPORT ITS PROGRAM ACTIVITIES. THE EVENTS CARRIED OUT DURING 2021 INCLUDED THE FOLLOWING:1. LONE SAILOR AWARDS DINNER - RECOGNIZES THE ACCOMPLISHMENTS OF FORMER MEMBERS OF THE SEA SERVICES AND EDUCATES THE PUBLIC ON THE MISSION OF THE NAVY MEMORIAL. DUE TO THE COVID-19 PANDEMIC AND THE PARTIAL LIFTING OF DISTRICT OF COLUMBIA RESTRICTIONS, WE WERE ABLE TO HOLD A SMALL RECEPTION WHERE THE AWARDS WERE PRESENTED TO THE HONOREES AND THE ONE-HOUR ONLINE PROGRAM WAS PREMIERED. THE PROGRAM WAS AIRED ONLINE FIVE DAYS LATER.2. DELBERT D. BLACK AWARD DINNER - RECOGNIZES ONE OUTSTANDING FIRST-TOUR COMMAND MASTER CHIEF, CHIEF OF THE BOAT, OR COMMAND SENIOR CHIEF WHOSE PERFORMANCE AND LEADERSHIP OF SAILORS EMBODIES THE NAVY CORE VALUES AND CHIEF PETTY OFFICER EXPECTATIONS AND DEMONSTRATES THOSE SAME IDEALS OF SERVICE WITH SACRIFICE AS DEMONSTRATED BY MCPON BLACK, AND UPHOLDS THE HIGHEST STANDARDS OF PROFESSIONALISM AND INTEGRITY. 3. COMMEMORATIVE PLAQUE PROGRAM - PERMANENT COMMEMORATIVE PLAQUES OF SHIPS, REUNION GROUPS, HISTORICAL EVENTS, INDIVIDUALS AND FAMILIES, ETC. ON THE PLAQUE WALL WITHIN THE VISITOR CENTER.4. SAILOR OF THE YEAR - IN ORDER TO EXPAND THE RECOGNITION OF THE OUTSTANDING SAILORS IN THE FLEET, THE NAVY INCREASED THE NUMBER OF SAILORS RECOGNIZED AS SAILORS OF THE YEAR FROM 4 IN 2020 TO 18 IN 2021. THE SAILOR OF THE YEAR PROGRAM AT THE NAVY MEMORIAL RECOGNIZES THESE SAILORS THROUGH THE PRODUCTION OF A BROADCAST QUALITY, HOUR-LONG ONLINE PROGRAM THAT FEATURES A VIDEO OF EACH OF THE SAILORS OF THE YEAR. THE PROGRAM IS BROADCAST ON THE NAVY'S BIRTHDAY. CLIPS OF THAT PROGRAM ARE THEN ADDED TO THE PERMANENT SAILOR OF THE YEAR EXHIBIT WHICH IS LOCATED INSIDE THE DELBERT D. BLACK NATIONAL CHIEF'S MESS IN THE NAVY MEMORIAL'S VISITOR CENTER.5. FANTAIL BREAKFASTS - BRINGS TOGETHER SENIOR NAVY LEADERSHIP TO DISCUSS CURRENT NAVY PROJECTS AND PLANS WITH INDUSTRY LEADERS.6. BRIDGE WING CHATS - BRINGS TOGETHER SENIOR NAVY LEADERS AND JUNIOR OFFICERS FOR DISCUSSIONS ON CAREER PATHS, CURRENT TOPICS AFFECTING THE NAVY, EDUCATIONAL OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT OF JUNIOR OFFICERS, ETC. DUE TO THE GLOBAL COVID-19 PANDEMIC, THE NAVY MEMORIAL WAS UNABLE TO HOST BRIDGE WING CHATS IN 2021. BECAUSE OF THE PARTICIPATORY NATURE OF THIS PROGRAM, IT WAS NOT POSSIBLE TO HOLD THE EVENT VIRTUALLY.7. MOVIES ON THE MEMORIAL - NAVY-THEMED MOVIES SHOWN OUTSIDE ON THE NAVY MEMORIAL PLAZA, FREE AND OPEN TO THE PUBLIC. 8. STATUE PROGRAM - PAYS TRIBUTE TO ALL MEMBERS OF THE SEA SERVICES BY PLACING REPLICAS OF THE LONE SAILOR STATUE IN CITIES AROUND THE US AND ABROAD (NORMANDY, FRANCE). THE PROGRAM ALSO PLACES SMALLER BRONZE LONE SAILOR STATUES ON SHIPS BEING COMMISSIONED.9. SITREP SPEAKER SERIES - THE SITREP (SITUATION REPORT) SPEAKER SERIES WAS DEVELOPED AS A DIRECT RESULT OF THE COVID-19 PANDEMIC. THE SITREP SPEAKER SERIES FOCUSES ON A ONE-ON-ONE CHAT BETWEEN THE NAVY MEMORIAL PRESIDENT AND CEO AND A HIGH-RANKING GUEST FROM THE NAVY OR THE DEPARTMENT OF DEFENSE. THE TOPICS DISCUSSED RANGE FROM CURRENT OPERATIONS AND INITIATIVES WITHIN THE NAVY TO THE GUEST'S PERSONAL THOUGHTS ON CERTAIN MATTERS.
SALES OF MEMORABILIA TO FURTHER EDUCATE THE PUBLIC REGARDING THE ROLE OF THE NAVY AND THE CONTRIBUTIONS OF THOSE WHO HAVE SERVED THE UNITED STATES IN THE NAVY, MARINE CORPS, COAST GUARD, OR MERCHANT MARINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rdml Frank Thorp IV Usn Ret President/ceo | OfficerTrustee | 40 | $233,078 |
Mr Scott D Matirne CFO | Officer | 40 | $122,862 |
Adm John C Harvey Jr Usn Ret Chairman | OfficerTrustee | 1 | $0 |
Vadm Carol M Pottenger Usn Ret Vice Chairman | OfficerTrustee | 1 | $0 |
Mr John B Burke Treasurer | OfficerTrustee | 1 | $0 |
Vadm Harold D Starling Usn Ret Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alongi Media Solutions Video Filming And Production | 12/30/21 | $315,300 |
Nne Marketing Llc Direct Mail Consulting | 12/30/21 | $294,000 |
Impact Xm Exhibit Construction/installation | 12/30/21 | $148,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,811,672 |
| Noncash contributions included in lines 1a–1f | $6,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,137,984 |
| Total Program Service Revenue | $223,925 |
| Investment income | $46,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $699 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,647,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $374,606 |
| Compensation of current officers, directors, key employees. | $43,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $865,121 |
| Pension plan accruals and contributions | $20,221 |
| Other employee benefits | $26,971 |
| Payroll taxes | $124,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,207 |
| Fees for services: Accounting | $38,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $294,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $454,637 |
| Advertising and promotion | $81,766 |
| Office expenses | $755,139 |
| Information technology | $172,334 |
| Royalties | $0 |
| Occupancy | $1,026,528 |
| Travel | $16,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,702 |
| Interest | $11,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,161 |
| Insurance | $0 |
| All other expenses | $9,350 |
| Total functional expenses | $5,119,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,094 |
| Savings and temporary cash investments | $561,730 |
| Pledges and grants receivable | $23,350 |
| Accounts receivable, net | $147,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,184 |
| Prepaid expenses and deferred charges | $125,174 |
| Net Land, buildings, and equipment | $1,069,231 |
| Investments—publicly traded securities | $1,494,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,151 |
| Other assets | $143,470 |
| Total assets | $3,731,955 |
| Accounts payable and accrued expenses | $299,180 |
| Grants payable | $0 |
| Deferred revenue | $657,831 |
| 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 | $350,055 |
| Total liabilities | $1,307,066 |
| Net assets without donor restrictions | $1,925,515 |
| Net assets with donor restrictions | $499,374 |
| 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 | $3,731,955 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Us Navy Memorial Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Irv And Bee Apatoff Foundation Inc Beltsville, MD PURPOSE: ANY | $2,500 |
Endowment Analysis
| Beg. Balance | $192,887 |
| Earnings | $3,775 |
| Ending Balance | $196,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
American Historical Association Washington, DC | $10,775,431 | $4,710,138 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |