Naval Historical Foundation
- Assets
- $0.0
- Revenue
- $263.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 10/1937
- Data as of
- 12/2022
- EIN
- 53-0196627
Organization Overview
Naval Historical Foundation is located in Washington, DC. The organization was established in 1937. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Naval Historical Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval Historical 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 12/2022, Naval Historical Foundation generated $263.4k 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 (7.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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 PRESERVE AND COMMEMORATE AMERICA'S NAVAL HERITAGE (SEE PART III, LINE 1).
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS - NHF'S PROGRAMS FOCUS ON MAKING ORGANIZATIONAL RESOURCES BETTER KNOWN AND MORE WIDELY AVAILABLE. NHF MAINTAINS THE NAVYHISTORY.ORG WEBSITE AND SUPPORTS OTHER MARITIME WEBSITES IN SUPPORT OF NAVAL HISTORY MUSEUMS AND PROVIDES HISTORICAL CONTENT THROUGH THURSDAY TIDINGS NEWSLETTER & 2ND SATURDAY WEBINAR.NHF ALSO HOSTS SIGNATURE EVENTS THROUGHOUT THE YEAR TO BUILD AWARENESS OF NAVAL HISTORY HERITAGE PROGRAMS. RECENT EVENTS INCLUDED AN OFFICIAL SUPERINTENDENT'S (USNA) LEADERSHIP & VISION AWARD'S DINNER, KNOX AWARD DINNER AND LUNCHEON, NATIONAL HISTORY DAY TEACHER DISTINCTION AWARDS, AND VICE ADMIRAL ROBERT F. DUNN ESSAY CONTEST.NHF SECURED A DEPARTMENT OF THE INTERIOR GRANT TO DIGITIZE THE FIRST 13 VOLUMES OF NAVAL DOCUMENTS FROM THE AMERICAN REVOLUTION. PROJECT COMPLETED AND CAN BE LOCATED AT HTTPS://WWW.NAVYHISTORY.ORG/NDAR.
ANCILLARY ACTIVITIES - NHF RECEIVES NEW BOOKS FROM VARIOUS RESOURCES AND MAKES THEM AVAILABLE TO MEMBERS AND GUESTS AS PART OF A BOOK REVIEW RELATED TO NAVAL CURRENT AND HISTORICAL STORIES, VIEWS, ETC. ON VARIOUS SUBJECT MATTERS RELATED TO NAVAL HISTORY.NHF PROVIDES INFORMATIONAL SERVICES TO ORGANIZATIONS, FAMILIES AND OTHERS SEEKING GUIDANCE RELATED TO HISTORICAL NAVAL DOCUMENTS, ARTIFACTS, PHOTOS ETC. NHF OPERATES A GIFT SHOP AT THE NATIONAL MUSEUM OF THE U.S. NAVY IN SUPPORT OF THE MUSEUM AND TO HEIGHTEN THE VISITOR EXPERIENCE.
MEMBERSHIP - THIS INCLUDES ONGOING COMMUNICATIONS TO CURRENT MEMBERS AND OUTREACH TO PROSPECTIVE NEW MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adm William J Fallon Chairman | OfficerTrustee | 4 | $0 |
Vadm Frank Pandolfe President | OfficerTrustee | 4 | $0 |
Mr Martin J Bollinger Vice President | OfficerTrustee | 1 | $0 |
Radm Vince Griffith Treasurer | OfficerTrustee | 1 | $0 |
Mr Matthew P Bergman Director | Trustee | 1 | $0 |
Hon Kenneth J Braithwaite II Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,545 |
| Fundraising events | $67,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,386 |
| Total Program Service Revenue | $0 |
| Investment income | $17,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,720 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,086 |
| Net Income from Fundraising Events | -$44,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,991 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $692,000 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,000 |
| Compensation of current officers, directors, key employees. | $42,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $625 |
| Payroll taxes | $23,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,906 |
| Advertising and promotion | $0 |
| Office expenses | $29,145 |
| Information technology | $24,714 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,271 |
| All other expenses | $650 |
| Total functional expenses | $1,348,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |