Vietnam Veterans Memorial Fund Inc
- Assets
- $12.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Arlington, VA
- Founding
- 05/1979
- Data as of
- 09/2022
- EIN
- 52-1149668
Organization Overview
Vietnam Veterans Memorial Fund Inc is located in Arlington, VA. The organization was established in 1979. As of 09/2022, Vietnam Veterans Memorial Fund Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vietnam Veterans 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 09/2022, Vietnam Veterans Memorial Fund Inc generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $7.3m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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 HONOR AND PRESERVE THE LEGACY OF SERVICE AND EDUCATE ALL GENERATIONS ABOUT THE IMPACT OF THE VIETNAM WAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL LEGACY. THE ORGANIZATION PRESERVES THE LEGACY OF THE MEMORIAL AND PROMOTES HEALING THROUGH CEREMONIES, ACTIVITIES, REMEMBRANCE EVENTS AND VISITOR ENGAGEMENT BY THE GENERAL PUBLIC AT THE MEMORIAL. IN PERSON, ONLINE AND THROUGH PUBLIC SERVICE ANNOUNCEMENTS THE ORGANIZATION PROVIDES INFORMATION ABOUT THE HISTORY OF THE MEMORIAL AND RESPONDS TO QUESTIONS FROM POTENTIAL VISITORS. THE ORGANIZATION MAINTAINS A COMMEMORATIVE WEB SITE CALLED THE WALL OF FACES, THAT ALLOWS FAMILIES, FRIENDS AND VETERANS TO POST REMEMBRANCES OF THOSE WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL, EXTENDING THE HEALING POWER AND EMOTIONAL IMPACT OF THE WALL TO MILLIONS OF PEOPLE THROUGH THE INTERNET.
THE WALL THAT HEALS. THE ORGANIZATION PROMOTES HEALING AND PROVIDES EDUCATION ABOUT THE IMPACT OF THE VIETNAM WAR THROUGH ITS TRAVELING MOBILE EXHIBIT CALLED "THE WALL THAT HEALS". THE ORGANIZATION EXHIBITS A THREE-QUARTER SCALE REPLICA OF THE VIETNAM VETERANS MEMORIAL IN LOCATIONS THROUGHOUT THE UNITED STATES, MAKING IT POSSIBLE FOR MILLIONS OF INDIVIDUALS WHO ARE UNABLE TO TRAVEL TO WASHINGTON, D.C., TO RECOGNIZE, REMEMBER, AND HONOR THOSE WHO SERVED AND DIED AND TO EXPERIENCE A CONNECTION WITH LOST COMRADES AND LOVED ONES. THE TRAVELING MEMORIAL ALSO INCLUDES A MOBILE EDUCATION CENTER.
CEREMONIES AND EVENTS. THE ORGANIZATION PLANS, ORGANIZES AND CONDUCTS A NUMBER OF CEREMONIES AT THE MEMORIAL AND ELSEWHERE TO BRING PEOPLE TOGETHER TO REMEMBER AND HONOR THE MEN AND WOMEN WHO SERVED IN THE VIETNAM WAR AND THOSE WHO DIED. CEREMONIES ARE CONDUCTED EACH YEAR ON MEMORIAL DAY, VETERANS DAY, FATHERS DAY, MOTHERS DAY, IN MEMORY DAY AND CHRISTMAS TO RECOGNIZE, REMEMBER AND HONOR THOSE WHO SERVED AND DIED AS WELL AS TO BRING HEALING TO THEIR FAMILIES, THEIR FRIENDS AND OUR NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Knotts President & CEO | Officer | 50 | $259,519 |
Viktoras Zikas Chief Development Officer | 40 | $196,403 | |
Adam Arbogast Senior Director | 40 | $111,368 | |
Heidi Zimmerman Vice President | 40 | $110,981 | |
Alan Buckelew Chairman | OfficerTrustee | 1 | $0 |
France Hoang Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robbinskersten Direct Llc Direct Mail Consulting | 9/29/22 | $361,584 |
Data Management Inc Management Of Direct Mail Data | 9/29/22 | $129,180 |
Direct Mail Processors Caging Services | 9/29/22 | $179,246 |
Everyaction Digital Media Assessment | 9/29/22 | $138,345 |
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 | $7,369,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,369,749 |
| Total Program Service Revenue | $270,000 |
| Investment income | $235,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $186,356 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,097,098 |
| 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. | $288,109 |
| Compensation of current officers, directors, key employees. | $22,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,180,779 |
| Pension plan accruals and contributions | $24,798 |
| Other employee benefits | $173,411 |
| Payroll taxes | $106,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $361,584 |
| Fees for services: Investment Management | $70,493 |
| Fees for services: Other | $189,375 |
| Advertising and promotion | $0 |
| Office expenses | $147,742 |
| Information technology | $128,973 |
| Royalties | $0 |
| Occupancy | $226,668 |
| Travel | $225,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $768,910 |
| Insurance | $41,958 |
| All other expenses | $0 |
| Total functional expenses | $7,330,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,109 |
| Savings and temporary cash investments | $431,615 |
| Pledges and grants receivable | $5,205 |
| 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 | $175,159 |
| Net Land, buildings, and equipment | $306,469 |
| Investments—publicly traded securities | $9,069,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $165,009 |
| Other assets | $1,753,813 |
| Total assets | $12,782,016 |
| Accounts payable and accrued expenses | $534,345 |
| Grants payable | $0 |
| Deferred revenue | $81,610 |
| 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 | $320,146 |
| Total liabilities | $936,101 |
| Net assets without donor restrictions | $10,059,826 |
| Net assets with donor restrictions | $1,786,089 |
| 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 | $12,782,016 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Vietnam Veterans Memorial Fund Inc has recieved totaling $75,085.
| Awarding Organization | Amount |
|---|---|
Others First Inc Rochester Hills, MI | | $40,037 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $9,160 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,838 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,692 |
Others First Inc Rochester Hills, MI | | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,651 |
Endowment Analysis
| Beg. Balance | $7,468,317 |
| Earnings | -$361,971 |
| Net Contributions | $591,152 |
| Other Expense | $415,415 |
| Ending Balance | $7,282,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Battlefield Trust Washington, DC | $203,528,693 | $30,710,321 |
Vietnam Veterans Memorial Fund Inc Arlington, VA | $12,782,016 | $8,097,098 |
African-American Civil War Memorial Freedom Foundation Washington, DC | $1,092,766 | $909,642 |
82nd Airborne Division Historical Society Fayetteville, NC | $727,534 | $207,163 |
Dyersburg Army Airbase Memorial Association Halls, TN | $493,337 | $114,448 |
Lewisville Historical Society Lewisville, NC | $993,112 | -$13,502 |
Guyandotte Civil War Days & Raid On Guyandotte Inc Huntington, WV | $6,544 | $7,197 |
Memphis Belle Memorial Association Inc Cordova, TN | $3,292 | $0 |
Air Force Memorial Foundation Arlington, VA | $0 | $0 |