Medal Of Honor Museum Foundation
- Assets
- $100.0m
- Revenue
- $88.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Arlington, TX
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 90-0900556
Organization Overview
Medal Of Honor Museum Foundation is located in Arlington, TX. The organization was established in 2013. 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 12/2021, Medal Of Honor Museum Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medal Of Honor Museum 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 12/2021, Medal Of Honor Museum Foundation generated $88.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 24.6% 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 AND PRESENT THE STORIES OF INDIVIDUALS WHO HAVE RECEIVED THE MEDAL OF HONOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PROGRAM ACTIVITY IS TO RECOGNIZE AND HONOR THOSE WHO HAVE SERVED OUR COUNTRY AND TO DESIGN, FUND, BUILD AND MAINTAIN STATE-OF-THE-ART FACILITIES FOR THE ORIENTATION, COMFORT, AND EDUCATION OF VISITORS. AS PART OF THIS EFFORT, THE ORGANIZATION PRESERVES, PROTECTS, AND ACQUIRES KEY ARTIFACTS AND ARCHIVAL MATERIALS RELATED TO THE MEDAL OF HONOR AND ITS RECIPIENTS, HELPING TO CREATE A TANGIBLE LINK BETWEEN VISITORS AND THE HEROES WHO HAVE SACRIFICED FOR THE NATION. THE ORGANIZATION ALSO RAISES AWARENESS OF THE MEDAL OF HONOR AND ITS RECIPIENTS THROUGH TARGETED CAMPAIGNS AND PUBLIC PROGRAMMING.
THE ORGANIZATION HAS REPORTED $740,058 OF SALARIES AND WAGES AS PROGRAM EXPENSES IN ITS FORM 990 THAT WERE CAPITALIZED AS AN ASSET RATHER THAN REPORTED AS EXPENSE ON THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. SUCH COSTS WERE DETERMINED BY MANAGEMENT TO BE EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT OF PLANS FOR MUSEUM EXHIBITS OR THE CREATION OF THE MUSEUM EXHIBITS THEMSELVES. THIS AMOUNT IS INCLUDED IN THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND IN FORM 990 AS PART OF MUSEUM DESIGN AND CONSTRUCTION IN PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Connors Former President & CEO | 40 | $425,936 | |
Joseph Daniels Ex President & CEO | 40 | $369,709 | |
Tyrone Gorden Ex Chief Development Officer | 40 | $221,773 | |
Robert Shenk Jr Chief Museum Content Officer | 40 | $193,341 | |
Michael Caldwell Chief Of Staff | Officer | 40 | $160,000 |
Monica Notzon Director Of Dc Monument | 40 | $158,075 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gallagher & Associates Museum Planning And Design | 12/30/21 | $789,645 |
Rafael Vinoly Architects Architecture | 12/30/21 | $2,707,321 |
Seven Letter Strategic Communications | 12/30/21 | $429,081 |
Irvinedcs Team Llc Construction Consulting | 12/30/21 | $332,500 |
Linebeck Group Llc General Contractor | 12/30/21 | $232,068 |
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 | $88,611,779 |
| Noncash contributions included in lines 1a–1f | $2,205,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,611,779 |
| Total Program Service Revenue | $0 |
| Investment income | $14,131 |
| 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 | $88,628,383 |
| 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. | $486,029 |
| Compensation of current officers, directors, key employees. | $337,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,626,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $288,209 |
| Payroll taxes | $134,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,904 |
| Fees for services: Accounting | $205,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $76,394 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,859,155 |
| Advertising and promotion | $130,732 |
| Office expenses | $171,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $399 |
| Travel | $130,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,446 |
| Insurance | $12,649 |
| All other expenses | $34,907 |
| Total functional expenses | $5,277,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,602,694 |
| Savings and temporary cash investments | $2,296,040 |
| Pledges and grants receivable | $57,340,256 |
| 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 | $11,226 |
| Prepaid expenses and deferred charges | $301,038 |
| Net Land, buildings, and equipment | $18,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,389,615 |
| Total assets | $99,959,490 |
| Accounts payable and accrued expenses | $2,109,898 |
| 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 | $2,109,898 |
| Net assets without donor restrictions | $26,964,823 |
| Net assets with donor restrictions | $70,884,769 |
| 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 | $99,959,490 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Medal Of Honor Museum Foundation has recieved totaling $2,395,840.
| Awarding Organization | Amount |
|---|---|
Gene And Jerry Jones Family Arlington Youth Foundation Frisco, TX PURPOSE: GENERAL PURPOSE | $300,000 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE CONSTRUCTION OF NATIONAL MEDAL OF HONOR MUSEUM | $250,000 |
Apex Foundation Bellevue, WA PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Apex Foundation Bellevue, WA PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Lisa And Clay Cooley Family Foundation Dallas, TX PURPOSE: SUPPORT THE NATIONAL MEDAL OF HONOR MUSEUM, THE NATIONAL MEDAL OF HONOR MONUMENT, AND THE NATIONAL MEDAL OF HONOR INSTITUTE | $250,000 |
Schwartz Fam Foundation Tr New York, NY PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $215,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |