What the amendment changed
Compared with the return it replaced , filed 14 August 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $5,265,255
- Total expenses
- $5,843,410
- Contributions and grants received
- $4,552,110
- Grants paid
- $0
- Program service revenue
- $451,523
- Investment income
- $73,168
- Other revenue
- $188,454
- Total assets, end of year
- $3,653,828
- Total liabilities, end of year
- $2,069,822
- Net assets or fund balances, end of year
- $1,584,006
- Program services expenses (Part IX)
- $4,107,166
- Management and general expenses
- $532,318
- Fundraising expenses
- $1,203,926
- Program service expenses (Part III)
- $4,107,166
Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,552,110
-
1g · Noncash contributions included above
$200,577
-
2a · Program service revenue: VISITOR CENTER
total $266,101 · related or exempt $266,101
-
2b · Program service revenue: NAVY CEREMONY
total $185,422 · related or exempt $185,422
-
3 · Investment income
total $33,637 · excluded $33,637
-
5 · Royalties
total $563 · excluded $563
-
7a · Gross sales of assets other than inventory
securities $389,165
-
7b · Less cost or other basis and sales expenses
securities $349,634
-
7c · Gain or loss
securities $39,531
-
7d · Net gain or loss
total $39,531 · excluded $39,531
-
10a · Gross sales of inventory
$200,593
-
10b · Cost of goods sold
$142,451
-
10c · Net income from sales of inventory
total $58,142 · related or exempt $58,142
-
11a · Other revenue: AFFINITY PROGRAM
total $100,100 · unrelated business $100,100
-
11d · All other revenue
total $29,649 · excluded $29,649
-
11e · Other revenue, total
$129,749
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $407,510 · program services $261,631 · management and general $59,773 · fundraising $86,106
-
7 · Other salaries and wages
total $1,129,825 · program services $725,373 · management and general $165,722 · fundraising $238,730
-
8 · Pension plan contributions
total $11,210 · program services $7,197 · management and general $1,644 · fundraising $2,369
-
9 · Other employee benefits
total $47,484 · program services $30,486 · management and general $6,965 · fundraising $10,033
-
10 · Payroll taxes
total $142,828 · program services $91,699 · management and general $20,950 · fundraising $30,179
-
11b · Fees: legal
total $5,233 · management and general $5,233
-
11c · Fees: accounting
total $41,000 · management and general $41,000
-
11e · Fees: professional fundraising services
total $305,000 · fundraising $305,000
-
11g · Fees: other
total $621,344 · program services $597,047 · management and general $22,460 · fundraising $1,837
-
12 · Advertising and promotion
total $27,123 · program services $12,748 · management and general $10,985 · fundraising $3,390
-
13 · Office expenses
total $909,283 · program services $730,683 · management and general $81,404 · fundraising $97,196
-
14 · Information technology
total $138,339 · program services $12,896 · management and general $39,045 · fundraising $86,398
-
16 · Occupancy
total $1,118,676 · program services $1,030,265 · management and general $45,946 · fundraising $42,465
-
17 · Travel
total $30,876 · program services $20,016 · management and general $17 · fundraising $10,843
-
19 · Conferences, conventions and meetings
total $279,181 · program services $261,973 · management and general $8,416 · fundraising $8,792
-
20 · Interest
total $788 · fundraising $788
-
22 · Depreciation, depletion and amortization
total $229,065 · program services $206,307 · management and general $22,758
-
24a · Other expenses: DIRECT MAIL CAMPAIGNS
total $344,298 · program services $115,045 · management and general $0 · fundraising $229,253
-
24b · Other expenses: UBI TAX
total $27,529 · fundraising $27,529
-
24c · Other expenses: LIST RENTAL EXPENSE
total $23,018 · fundraising $23,018
-
24d · Other expenses: BAD DEBT EXPENSE
total $3,800 · program services $3,800
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,094 · end of year $5,661
-
2 · Savings and temporary cash investments
beginning of year $561,730 · end of year $153,256
-
3 · Pledges and grants receivable
beginning of year $23,350
-
4 · Accounts receivable
beginning of year $147,149 · end of year $84,204
-
8 · Inventories for sale or use
beginning of year $95,184 · end of year $108,118
-
9 · Prepaid expenses and deferred charges
beginning of year $125,174 · end of year $84,208
-
10a · Land, buildings and equipment: cost or other basis
$12,073,593
-
10b · Land, buildings and equipment: accumulated depreciation
$10,827,677
-
10c · Land, buildings and equipment, net
beginning of year $1,069,231 · end of year $1,245,916
-
11 · Investments: publicly traded securities
beginning of year $1,494,422 · end of year $910,121
-
14 · Intangible assets
beginning of year $6,151 · end of year $5,358
-
15 · Other assets
beginning of year $143,470 · end of year $1,056,986
-
17 · Accounts payable and accrued expenses
beginning of year $299,180 · end of year $430,407
-
19 · Deferred revenue
beginning of year $657,831 · end of year $322,551
-
25 · Other liabilities
beginning of year $350,055 · end of year $1,316,864
-
27 · Net assets without donor restrictions
beginning of year $1,925,515 · end of year $1,099,575
-
28 · Net assets with donor restrictions
beginning of year $499,374 · end of year $484,431
Mission and programs · 2022
Mission
THE NAVY MEMORIAL MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES AND THE IMPORTANT CONTRIBUTIONS MADE BY THEM WHILE SERVING IN THE UNITED STATES NAVY, MARINE CORPS, COAST GUARD AND MERCHANT MARINE. THE NAVY MEMORIAL SERVES TO EDUCATE AND INSPIRE THE AMERICAN PEOPLE ABOUT THE VITAL ROLE THAT THE SEA SERVICES PLAY IN OUR NATIONAL SECURITY AND THE RICH MARITIME HISTORY OF THE UNITED STATES.
Activities or mission (Part I)
THE US NAVY MEMORIAL'S MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE.
-
VISITOR CENTER SERVICES - THE VISITOR CENTER HONORS, RECOGNIZES, AND CELEBRATES AMERICA'S ENDURING MARITIME HERITAGE THROUGH COMMEMORATIVE CEREMONIES, REUNION MEETINGS, REENLISTMENT AND RETIREMENT CEREMONIES, BAND CONCERTS, FILM AND VIDEO PRESENTATIONS, PHOTOGRAPHIC AND DATA COLLECTIONS, SPECIAL EVENTS, AND EXHIBITS.
Expenses $2,268,872 · Revenue $266,101
-
EDUCATIONAL SERVICES: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.
Expenses $251,553 · Revenue $185,422
-
SPECIAL EVENTS: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.
Expenses $1,329,298
-
SALES OF MEMORABILIA TO FURTHER EDUCATE THE PUBLIC REGARDING THE ROLE OF THE NAVY AND THE CONTRIBUTIONS OF THOSE WHO HAVE SERVED THE UNITED STATES IN THE NAVY, MARINE CORPS, COAST GUARD OR MERCHANT MARINE.
Expenses $257,443 · Revenue $58,142
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Adm John C Harvey Jr Usn RetADM JOHN C HARVEY JR USN RET
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Vadm Carol M Pottenger Usn RetVADM CAROL M POTTENGER USN RET
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mr John B BurkeMR JOHN B BURKE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Vadm Harold D Starling Usn RetVADM HAROLD D STARLING USN RET
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mr John P BushMR JOHN P BUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Jacqueline ArendsMS JACQUELINE ARENDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Lawrence Di RitaMR LAWRENCE DI RITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Frank B GlassnerMR FRANK B GLASSNER
DIRECTOR (RESIGNED 5/27/22)
- Total calculated
- $0
- Hours/week
- 1
-
Radm Mark Heinrich Sc Usn RetRADM MARK HEINRICH SC USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
McPon James L Herdt Usn RetMCPON JAMES L HERDT USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Matthew H KirtlandMR MATTHEW H KIRTLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas R KuhnMR THOMAS R KUHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cdr Harry Coker Jr Usn RetCDR HARRY COKER JR USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Jo DeckerMS JO DECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Capt Joseph L Spruill Usn RetCAPT JOSEPH L SPRUILL USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Victor S TrioneMR VICTOR S TRIONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rdml Frank Thorp IV Usn RetRDML FRANK THORP IV USN RET
PRESIDENT/CEO
- Total calculated
- $251,997
- From this org
- $245,697
- From related orgs
- $0
- Other
- $6,300
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,000
- Bonus
- $35,697
- Other
- $0
- Deferred
- $6,300
- Nontaxable benefits
- $0
- Filer's total
- $251,997
-
Vadm Luke McCollum Usn RetVADM LUKE MCCOLLUM USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Radm Samuel Perez Jr Usn RetRADM SAMUEL PEREZ JR USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cdr William Newell Usn RetCDR WILLIAM NEWELL USN RET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Matthew PrevitsMR MATTHEW PREVITS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Scott D MatirneMR SCOTT D MATIRNE
CFO
- Total calculated
- $155,513
- From this org
- $146,233
- From related orgs
- $0
- Other
- $9,280
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,000
- Bonus
- $15,233
- Other
- $0
- Deferred
- $3,930
- Nontaxable benefits
- $5,350
- Filer's total
- $155,513
-
Ms Erin HarrounMS ERIN HARROUN
VP OF PROGRAMS & ENGAGEMENT
- Total calculated
- $143,273
- From this org
- $136,548
- From related orgs
- $0
- Other
- $6,725
- Hours/week
- 40
-
Victor SmithVICTOR SMITH
DIRECTOR, NAT'L CHIEF'S MESS
- Total calculated
- $116,215
- From this org
- $113,065
- From related orgs
- $0
- Other
- $3,150
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE PRESIDENT RECEIVED A BONUS DURING THE YEAR. THIS COMES AS A RECOMMENDATION FROM THE COMPENSATION COMMITTEE AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT OF PROGRAMS AND ENGAGEMENTS AND THE DIRECTOR OF NATIONAL CHIEF'S MESS ALSO RECEIVED BONUSES DURING THE YEAR. THESE CAME AT THE DISCRETION OF THE PRESIDENT AND CEO.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312519349300806
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