Us Navy Memorial Foundation
- Assets
- $5.0m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 07/1978
- Data as of
- 12/2023
- 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 12/2023, Us Navy Memorial Foundation employed 25 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 12/2023, Us Navy Memorial Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 1.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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.
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.
EDUCATIONAL SERVICES: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.
SPECIAL EVENTS: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adm John C Harvey Jr Usn Ret Chairman (resigned 6/30/23) | OfficerTrustee | 1 | $0 |
Vadm Carol M Pottenger Usn Ret Acting Chairman & Vice Chairman | OfficerTrustee | 1 | $0 |
Mr John B Burke Treasurer | OfficerTrustee | 1 | $0 |
Vadm Harold D Starling II Usn Ret Secretary | OfficerTrustee | 1 | $0 |
Mr John P Bush Director | Trustee | 1 | $0 |
Ms Jacqueline Arends Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Production Solutions Inc Direct Mail Printing & Fulfillment | 12/30/23 | $441,444 |
Nne Marketing Llc Direct Marketing Consulting | 12/30/23 | $310,500 |
Loud And Clear Inc Audio Visual Design & Installation | 12/30/23 | $308,369 |
Impact Xm Exhibit Construction & Installation | 12/30/23 | $191,532 |
Hargrove Inc Event Production | 12/30/23 | $181,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $228,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,069,719 |
| Noncash contributions included in lines 1a–1f | $229,668 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,298,351 |
| Total Program Service Revenue | $512,736 |
| Investment income | $56,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $175,349 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,300,610 |
| 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. | $429,204 |
| Compensation of current officers, directors, key employees. | $65,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,358,082 |
| Pension plan accruals and contributions | $15,690 |
| Other employee benefits | $70,353 |
| Payroll taxes | $154,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,596 |
| Fees for services: Accounting | $45,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $310,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,303 |
| Advertising and promotion | $25,263 |
| Office expenses | $1,065,887 |
| Information technology | $183,673 |
| Royalties | $0 |
| Occupancy | $1,101,301 |
| Travel | $29,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,222 |
| Interest | $6,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,792 |
| Insurance | $39,523 |
| All other expenses | $0 |
| Total functional expenses | $5,892,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,681 |
| Savings and temporary cash investments | $186,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,746 |
| Prepaid expenses and deferred charges | $439,270 |
| Net Land, buildings, and equipment | $1,128,343 |
| Investments—publicly traded securities | $1,904,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,565 |
| Other assets | $1,100,590 |
| Total assets | $4,956,121 |
| Accounts payable and accrued expenses | $614,653 |
| Grants payable | $0 |
| Deferred revenue | $281,519 |
| 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 | $1,051,250 |
| Total liabilities | $1,947,422 |
| Net assets without donor restrictions | $2,569,223 |
| Net assets with donor restrictions | $439,476 |
| 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 | $4,956,121 |