Udt-Seal Museum Association Inc
- Assets
- $11.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Fort Pierce, FL
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 59-2569073
Organization Overview
Udt-Seal Museum Association Inc, operating under the name National Navy Udt-Seal Museum, is located in Fort Pierce, FL. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Navy Udt-Seal Museum employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Navy Udt-Seal Museum 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, National Navy Udt-Seal Museum generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORY & HERITAGE OF THE NAVY SEALS AND THEIR PREDECESSORS, WHILE HONORING OR FALLEN AT THE NAVY SEAL MEMORIAL, AND CARING FOR OUR FAMILIES THROUGH THE TRIDENT HOUSE AND NAVY SEAL MUSEUM SCHOLARSHIP FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM CONTINUES TO PRESERVE AND RELATE THE HISTORY OF THE NAVY SEALS AND THEIR PREDECESSORS THROUGH THE PRESERVATION OF ARTIFACTS, THE EDUCATION OF THE ACCOMPLISHMENTS OF THESE BRAVE MEN AND WOMEN AND THE OPPORTUNITY TO EXPLORE THESE ACCOMPLISHMENTS ON SITE.
SUPPORT FAMILIES OF SEALS/EX SEALS WITH TEMPORARY LIVING QUARTERS AT TRIDENT HOUSE
CALIFORNIA EXPANSION - THE NAVY SEAL XPERIENCE SAN DIEGO. BUILDING A WORLD CLASS MUSEUM TO PROMOTE PUBLIC EDUCATION BY EXPLORING THE HISTORY OF THE US NAVY SEALS AND THEIR PREDECESSORS.TRIDENT HOUSE CHARITIES ADDRESSES THE UNIQUE NEEDS OF SPECIAL OPERATIONS FAMILIES BY 1) PROVIDING SCHOLARSHIPS FROM PRESCHOOL TO COLLEGE, 2) PROVIDING CRITICAL RESPITE AND ENCOURAGING HEALING FOR SPECIAL OPERATORS AS WELL AS GOLD STAR FAMILIES AND MILITARY PERSONNEL, 3) PROVIDING A WORKING K-9 PROGRAM FOR WARRIORS WITH MOBILITY LIMITATIONS, TRAUMATIC BRAIN INJURIES, AND POST-TRAUMATIC STRESS DISORDER TO DRAMATICALLY IMPROVE THEIR QUALITY OF LIFE, AND 4) PROVIDING FAMILY SUPPORT TO ACTIVE DUTY AND VETERANS AND THEIR FAMILIES BY FILLING IN THE GAPS WHERE FEDERAL FUNDING IS NOT AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Kaiser CEO | Officer | 40 | $233,169 |
Charles G Mann Executive Director | Officer | 40 | $120,962 |
Lisa Fulton Finance Officer | Officer | 40 | $102,133 |
Daniel Kurek Treasurer | OfficerTrustee | 2 | $0 |
Capt Rick Woolard President | OfficerTrustee | 3 | $0 |
Elliot Hershberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,080 |
| Fundraising events | $334,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,125,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,527,611 |
| Total Program Service Revenue | $461,475 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $660,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $250,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,225,376 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,195,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $88,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,326 |
| Advertising and promotion | $268,251 |
| Office expenses | $66,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,185 |
| 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 | $250,479 |
| Insurance | $109,136 |
| All other expenses | $229,821 |
| Total functional expenses | $3,522,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,782,261 |
| Savings and temporary cash investments | $2,517,411 |
| 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 | $315,186 |
| Prepaid expenses and deferred charges | $6,803 |
| Net Land, buildings, and equipment | $6,269,627 |
| Investments—publicly traded securities | $812,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,703,499 |
| 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 | $10,604 |
| Total liabilities | $10,604 |
| Net assets without donor restrictions | $11,114,725 |
| Net assets with donor restrictions | $578,170 |
| 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 | $11,703,499 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Udt-Seal Museum Association Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Rice Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $242,097 |
| Earnings | -$33,981 |
| Admin Expense | $15 |
| Net Contributions | $83,044 |
| Ending Balance | $291,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |
Friends Of The Uffizi Gallery Inc Palm Beach, FL | $431,458 | $549,429 |