National Liberty Ship Memorial Inc
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 94-2506639
Organization Overview
National Liberty Ship Memorial Inc is located in San Francisco, CA. The organization was established in 1978. 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, National Liberty Ship Memorial Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Liberty Ship Memorial Inc 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 Liberty Ship Memorial Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $798.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HISTORICAL AWARENESS OF LIBERTY SHIPS AND THE U.S. MERCHANT MARINES.
Describe the Organization's Program Activity:
THE NLSM IS A FULLY FUNCTIONAL WORLD WAR II LIBERTY SHIP, THE SS JEREMIAH O'BRIEN, DOCKED IN SAN FRANCISCO'S FISHERMANS WHARF OR MAKING PUBLIC CRUISES ON SAN FRANCISCO BAY. THE TOURS AND DISPLAYS ARE DESIGNED TO PROMOTE AND INCREASE PUBLIC AWARENESS OF LIBERTY SHIPS, THE MERCHANT MARINE, THE HOMEFRONT EFFORT AND THE US MARITIME HISTORY. THE CRUISES ARE RICH LIVING HISTORY LESSONS IN HOW THESE SHIPS WERE BUILT, SAILED AND CONTINUE TO OPERATE.THE PRIMARY FOCUS OF THE SHIP'S PROGRAMS IS THE EDUCATION OF YOUNG PEOPLE ABOUT WORLD WAR II, PARTICULARLY THE CIVILIAN SHIPBUILDING EFFORT, THE BATTLE OF THE ATLANTIC, D-DAY ETC. THE NLSM OFFERS A HIGH SCHOOL INTERNSHIP AND AN ONLINE HISTORY COURSE, AND OVERNIGHT STAY ABOARDS WITH AN EDUCATIONAL PROGRAM AND SPECIAL TOURS OF THE SHIP.THE SS JEREMIAH O'BRIEN SEES AN ANNUAL 70,000 VISITORS AT THE PIER WHILE ANOTHER 4,000 PARTICIPATE IN THE PUBLIC CRUISES. THE PURPOSE OF THE NATIONAL LIBERTY SHIP MEMORIAL IS TO PRESERVE, PROTECT AND PRESENT THE LIBERTY SHIP, SS JEREMIAH O'BRIEN, AS A LIVING MEMORIAL TO THE MEN AND WOMEN WHO BUILT, SAILED AND DEFENDED THE SHIPS KNOWN AS LIBERTY SHIPS.ADDITIONALLY, THE SHIP CONTINUES TO SERVE HER COUNTRY EACH YEAR AS A TRAINING PLATFORM FOR SEVERAL FEDERAL, STATE AND LOCAL AGENCIES INCLUDING HOMELAND SECURITY, THE US COAST GUARD, US NAVY, US ARMY, ALCOHOL, FIREARMS AND TOBACCO, SHERIFF AND POLICE DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Lasher Executive Director | OfficerTrustee | 40 | $73,872 |
Pat Dupes-Matsumoto Corporate Secretary | OfficerTrustee | 36 | $0 |
Louise Leaver Assistant Treasurer | OfficerTrustee | 35 | $0 |
Forest Booth Vice Chairman | OfficerTrustee | 1 | $0 |
Capt Lynn Korwatch Director | OfficerTrustee | 1 | $0 |
Judy Collins Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,530 |
| Fundraising events | $4,598 |
| Related organizations | $0 |
| Government grants | $94,652 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,500 |
| Total Program Service Revenue | $378,876 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,210 |
| 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 | $11,058 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,148,644 |
| 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. | $73,872 |
| Compensation of current officers, directors, key employees. | $56,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,715 |
| Payroll taxes | $19,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,055 |
| Advertising and promotion | $9,490 |
| Office expenses | $97,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,272 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $137,236 |
| All other expenses | $0 |
| Total functional expenses | $798,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600 |
| Savings and temporary cash investments | $962,521 |
| 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 | $49,674 |
| Prepaid expenses and deferred charges | $1,767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,059 |
| Total assets | $1,028,621 |
| 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 | $79,497 |
| Total liabilities | $79,497 |
| Net assets without donor restrictions | $852,679 |
| Net assets with donor restrictions | $96,445 |
| 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 | $1,028,621 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that National Liberty Ship Memorial Inc has recieved totaling $46,226.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $35,538 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $9,425 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: MATCHING GIFT OF STAFF AND BOARD MEMBERS | $800 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $45,500 |
| Ending Balance | $45,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |