Uss Missouri Memorial Association Inc
- Assets
- $43.1m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 133
- Location
- Aiea, HI
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 99-0310903
Organization Overview
Uss Missouri Memorial Association Inc is located in Aiea, HI. The organization was established in 1994. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Uss Missouri Memorial Association Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uss Missouri Memorial Association 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 12/2022, Uss Missouri Memorial Association Inc generated $16.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE USS MISSOURI MEMORIAL ASSOCIATION IS DEDICATED TO PRESERVING THE BATTLESHIP MISSOURI AND SHARING HER STORY AND PLACE IN HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHAT BEGAN IN 1994 AS A PROJECT FOR HAWAII'S CIVIC LEADERS, TRANSITIONED INTO THE USS MISSOURI MEMORIAL ASSOCIATION. THE BOARD OF DIRECTORS ASSUMED LONG-TERM RESPONSIBILITY FOR THE RETIRED USS MISSOURI (BB-63) WHICH OPENED TO THE PUBLIC ON JANUARY 29, 1999 AND HAS SINCE ATTRACTED OVER 9 MILLION VISITORS FROM AROUND THE WORLD. THE ASSOCIATION FOCUSES ON THREE CORE STRATEGIC AREAS: PRESERVATION AND RESTORATION, EDUCATION, AND COMMUNITY OUTREACH. RECOGNIZED AS ONE OF THE STATE'S TOP FIVE PAID VISITOR DESTINATIONS, THE BATTLESHIP MISSOURI MEMORIAL IS A SIGNIFICANT CONTRIBUTOR TO THE ECONOMIC VITALITY OF HAWAII'S VISITOR INDUSTRY, THE LARGEST DRIVER OF THE STATE'S GDP. BEYOND PRESERVATION OF THE SHIP, THE ASSOCIATION LOOKS TOWARD ENHANCED EDUCATIONAL PROGRAMMING AND PIER UPGRADES TO SUSTAIN A WORLD-CLASS VISITOR EXPERIENCE THAT IS COMPELLING AND RELEVANT. IN MARCH 2017, THE ASSOCIATION AND THE U.S. NAVY ENTERED INTO A 25-YEAR LEASE ENSURING A PERMANENT HOME IN PEARL HARBOR FOR THE BATTLESHIP MISSOURI. WITH THE LEASE IN PLACE, THE ASSOCIATION FINALLY HAS THE OPPORTUNITY TO REALIZE THE LONG-HELD VISION TO MAKE THE BATTLESHIP MISSOURI MEMORIAL THE FINEST HISTORIC SHIP ATTRACTION IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Carr President & CEO | OfficerTrustee | 40 | $255,228 |
Steve Colon Chairman Of The Board | OfficerTrustee | 5 | $0 |
Pete Gumataotao Vice Chairman & Sec. | Trustee | 5 | $0 |
Judy Y Lee Director | Trustee | 5 | $0 |
Bonnie Fong Director | Trustee | 5 | $0 |
Michael Chun Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Royal Star Hawaii Visitor Transportation | 12/30/22 | $1,169,201 |
Pacxa It Consultant | 12/30/22 | $165,148 |
Service Systems Associates Inc Ticket Sales | 12/30/22 | $743,651 |
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 | $620,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,104 |
| Total Program Service Revenue | $14,748,242 |
| Investment income | $210,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $414,971 |
| Net Rental Income | $740,655 |
| Net Gain/Loss on Asset Sales | -$50,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,684,591 |
| 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. | $619,826 |
| Compensation of current officers, directors, key employees. | $305,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,318,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $739,143 |
| Payroll taxes | $370,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,932 |
| Fees for services: Accounting | $32,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,657 |
| Advertising and promotion | $228,478 |
| Office expenses | $35,926 |
| Information technology | $4,573 |
| Royalties | $0 |
| Occupancy | $888,470 |
| Travel | $11,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,460,972 |
| Insurance | $297,729 |
| All other expenses | $73,371 |
| Total functional expenses | $13,006,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,922,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,936,204 |
| 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 | $404,302 |
| Net Land, buildings, and equipment | $24,662,690 |
| Investments—publicly traded securities | $12,141,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,543 |
| Total assets | $43,079,189 |
| Accounts payable and accrued expenses | $1,299,732 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,543 |
| 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 | $1,311,275 |
| Net assets without donor restrictions | $41,691,146 |
| Net assets with donor restrictions | $76,768 |
| 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 | $43,079,189 |