Lt Michael P Murphy Navy Seal Museum
- Assets
- $3.4m
- Revenue
- $763.3k
- Investments
- $0.0
- Employees
- 8
- Location
- West Sayville, NY
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4132284
Organization Overview
Lt Michael P Murphy Navy Seal Museum is located in West Sayville, NY. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Lt Michael P Murphy Navy Seal Museum employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lt Michael P Murphy Navy 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 12/2022, Lt Michael P Murphy Navy Seal Museum generated $763.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $491.2k 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
THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE LEGACY OF NAVY SEALS AND TO PERSEVE THE LEGACY OF LT MICHAEL MURPHY AND TO CONTRIBUTE TO THE SUPPORT OF LOCAL NAVAL SEA CADETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LT MICHAEL P. MURPHY NAVY SEAL MUSEUM & SEA CADET TRAINING FACILITY IS A DUAL PURPOSE BUILDING SERVING AS BOTH A NAVY MUSEUM AND A TRAINING FACILITY FOR 11 17 YEAR OLD SEA CADETS, BOTH GIRLS AND BOYS TO BE BETTER CITIZENS. THE MUSEUM ITSELF HAS 7 EXHIBITION HALLS PROMOTING THE BRAVERY, LEGACY AND STORIES OF OUR NAVY SPECIAL WARFARE HEROES FROM WORLD WAR 2 THROUGH THE WAR ON TERROR ALONG WITH A MEMORIAL WALL AND SEAL TRAINING EXHIBITION HALL. THESE AREAS BRING TO THE PUBLIC'S ATTENTION THE EXPLOITS OF THESE TRULY EXCEPTIONAL MEN THROUGH MOVIES, VIDEOS, ARTIFACTS AND HANDS ON "STATE OF THE ART" COMPUTER DISPLAYS OF EACH ERA IN THE UNDERWATER DEMOLITION TEAMS AND NAVY SEAL HISTORY. (CONT'D. ON SCHEDULE O) THE PUBLIC AND VISITORS WILL BE ABLE TO GRASP, COMPREHEND AND UNDERSTAND THE SACRIFICES MADE BY THESE EXTRAORDINARY SAILORS IN PROTECTING THIS COUNTRY. THE MUSEUM ALLOWS THE PUBLIC TO NOTE THE COST OF FREEDOM IN THE LIVES LOST AS WELL AS THE OPERATIONAL STORIES OF THE VARIOUS PERIODS IN NAVAL HISTORY. THE ADJOINING SEA CADET TRAINING FACILITY ACTS AS BOTH AN EVENT SPACE AND TRAINING FACILITY FOR THE LT MICHAEL P. MURPHY SEA CADET DIVISION AND TEACHES LEADERSHIP SKILLS AND CITIZENRY TO OUR YOUNGER GENERATIONS, SOME OF WHOM MAY SEEK TO JOIN THE MILITARY AND SERVE THIS NATION. THIS FACILITY OFFERS CLASSROOM WORK, NAVAL HISTORY AND PHYSICAL EXERCISES TO PROMOTE STRONG MINDS AND BODIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Murphy President | OfficerTrustee | 1 | $0 |
Bryan Mastrangelo Vice President | OfficerTrustee | 1 | $0 |
Sharon Mckenna Secretary | OfficerTrustee | 5 | $0 |
Laura Racioppi Treasurer | OfficerTrustee | 10 | $0 |
Robert Agostinelli Trustee | Trustee | 1 | $0 |
Jamie Atkinson Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,775 |
| Fundraising events | $63,409 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $520,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,970 |
| Total Program Service Revenue | $113,656 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,310 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,602 |
| Office expenses | $29,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,630 |
| Travel | $3,329 |
| 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 | $105,977 |
| Insurance | $34,381 |
| All other expenses | $2,228 |
| Total functional expenses | $491,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,983 |
| Savings and temporary cash investments | $50,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,892 |
| 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 | $700 |
| Net Land, buildings, and equipment | $3,202,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,236 |
| Total assets | $3,393,496 |
| Accounts payable and accrued expenses | $729 |
| 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 | $300,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $450,629 |
| Net assets without donor restrictions | $2,942,867 |
| 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 | $3,393,496 |