National Veterans Memorial And Museum Operating Corporation
- Assets
- $58.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 45
- Location
- Columbus, OH
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3880595
Organization Overview
National Veterans Memorial And Museum Operating Corporation is located in Columbus, OH. The organization was established in 2020. 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 12/2021, National Veterans Memorial And Museum Operating Corporation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Veterans Memorial And Museum Operating Corporation 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 Veterans Memorial And Museum Operating Corporation generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (70.2%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM EXHIBITIONS & OPERATIONS: DESIGNED TO EVOKE STRENGTH AND RESILIENCY FOR VETERANS AND THEIR FAMILIES, AND UNDERSTANDING AMONG CIVILIANS, WE DELIVER A MULTI-MEDIUM OF DIGITAL, INTERACTIVE AND VIRTUAL EXHIBITIONS AND ART ENCOMPASSING USES OF FUNCTIONAL PIECES LIKE FOOTLOCKERS AND STORAGE CHESTS AS AUDIO UNITS, VIDEO, INTERACTIVE VISUALS, HISTORIC MEMORABILIA AND PHOTOGRAPHY ALONGSIDE THE ARTISTIC WORK OF LOCAL AND NATIONALLY-RECOGNIZED PHOTOGRAPHERS, VIDEOGRAPHERS, AND OTHERS.TEMPORARY 2021 EXHIBITS INCLUDED SO READY FOR LAUGHTER: THE LEGACY OF BOB HOPE EXHIBITION FROM THE WORLD WAR II MUSEUM IN NEW ORLEANS, LA, MARY WHYTE'S WE THE PEOPLE: PORTRAITS OF VETERANS IN AMERICA, THE WALL THAT HEALS BY THE VIETNAM VETERANS MEMORIAL FUND, SUSAN J. BARRON'S DEPICTING THE INVISIBLE, AND HONOR365'S 9/11 EXHIBIT REMEMBERING THE ONE, REMEMBERING THEM ALL BY DANIEL VAN DER SEIJN.
EDUCATION & VETERAN OUTREACH: WE INTRODUCE AUDIENCES FROM AROUND THE COUNTRY TO A NEW EXPERIENTIAL WAY OF LEARNING AND UNDERSTANDING THE JOURNEY OF THE AMERICAN VETERAN FROM ALL BRANCHES AND ERAS OF SERVICE. EDUCATING ALL AGES ON THE HISTORY AND VALUE OF SERVICE FROM THOSE WHO SHAPED OUR NATION, OUR EDUCATION EFFORTS INCLUDE K-12 CONTENT AND CURRICULUM TAILORED TO OHIO STATE STANDARDS IN CURRICULUM, ON-SITE AND VIRTUAL TOURS, VOLUNTEER, INTERN AND FELLOWSHIP PROGRAMS, AN ACCREDITED LEADERSHIP CERTIFICATION (LCERT) PROGRAM IN PARTNERSHIP WITH OSU, AND ADDITIONAL EDUCATIONAL PROGRAMMING TO HONOR AND CONNECT THE VETERAN AND BROADER COMMUNITIES WITH INTENTIONAL EXPERIENCES THAT FOSTER STRENGTH, RESILIENCY, PERSONAL GROWTH AND SERVANT LEADERSHIP.
EVENTS: WE UNITE AUDIENCES TO HONOR VETERANS, REFLECT AND INSPIRE SERVICE IN ALL FORMS WITH OUR EVENT PANELS, WEBINARS, NATIONAL MILITARY HOLIDAYS, ANNIVERSARIES, SERVICE CELEBRATIONS,FACILITY RENTALS BY INDIVIDUALS AND GROUPS COMMITTED TO AND INTERESTED IN SUPPORTING OUR MISSION,AND MORE. OUR EVENTS, INCLUDING VETERANS DAY, MEMORIAL DAY, D-DAY AND PATRIOTS DAY TO CITE A FEW, COMMEMORATE AND PROVIDE REFLECTION ON NATIONAL HISTORY AND PERSONAL SACRIFICE IN INNOVATIVE STRATEGIES TAILORED TO EDUCATE, PROMOTE RESILIENCY, DEEPEN UNDERSTANDING OF SERVICE, AND CULTIVATE COMMUNITY IN A SUPPORTIVE ENVIRONMENT ON-SITE AND ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lt Gen Michael Ferriter CEO | Officer | 35 | $487,120 |
William Butler Chief Of Staff | Officer | 40 | $160,364 |
Jeffrey Nutter Vp/cfo | Officer | 40 | $152,812 |
Candace Brady Vp, Advancement | 40 | $146,184 | |
Andrew Cloyd Museum Director | 40 | $145,724 | |
Eddie Burt Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mk Direct Marketing And Communications L Fundraising | 12/30/21 | $116,642 |
Allied Universal Security Services Security | 12/30/21 | $166,915 |
Ohio Equities Llc Facility Management | 12/30/21 | $169,414 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $308,239 |
| Fundraising events | $0 |
| Related organizations | $1,884,632 |
| Government grants | $875,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,715,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,783,530 |
| Total Program Service Revenue | $129,837 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,110 |
| 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 | $18,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,042,215 |
| 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. | $853,570 |
| Compensation of current officers, directors, key employees. | $286,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,800,409 |
| Pension plan accruals and contributions | $35,543 |
| Other employee benefits | $284,753 |
| Payroll taxes | $193,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,274 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $116,642 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,561 |
| Advertising and promotion | $445,291 |
| Office expenses | $197,600 |
| Information technology | $197,398 |
| Royalties | $0 |
| Occupancy | $934,695 |
| Travel | $29,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,271,639 |
| Insurance | $90,227 |
| All other expenses | $0 |
| Total functional expenses | $9,820,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,408,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,879,106 |
| Accounts receivable, net | $27,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,587 |
| Prepaid expenses and deferred charges | $40,532 |
| Net Land, buildings, and equipment | $54,096,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $74,272 |
| Other assets | $512,372 |
| Total assets | $58,052,071 |
| Accounts payable and accrued expenses | $368,857 |
| Grants payable | $0 |
| Deferred revenue | $53,643 |
| 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 | $422,500 |
| Net assets without donor restrictions | $56,048,527 |
| Net assets with donor restrictions | $1,581,044 |
| 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 | $58,052,071 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that National Veterans Memorial And Museum Operating Corporation has recieved totaling $1,287,593.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $683,536 |
Columbus Downtown Development Corporation Columbus, OH PURPOSE: GENERAL OPERATIONS. | $515,016 |
L Brands Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $50,000 |
Greater Columbus Arts Council Inc Columbus, OH PURPOSE: GRANTS TO PROMOTE ART AND CULTURE IN COLUMBUS | $24,000 |
With Honor Action Inc Alexandria, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Encova Foundation Of Ohio Columbus, OH PURPOSE: ANNUAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Holocaust Memorial Center Farmington Hills, MI | $46,637,236 | $21,925,651 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Motown Historical Museum Inc Detroit, MI | $36,344,932 | $14,838,936 |
Mansfield Reformatory Preservation Society Inc Mansfield, OH | $6,627,269 | $4,312,949 |