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Nonprofiteer
← AIRCRAFT CARRIER HORNET FOUNDATION

Form 990 for tax year 2022

Filed by AIRCRAFT CARRIER HORNET FOUNDATION.

Totals

Total revenue
$3,777,837
Total expenses
$3,697,387
Contributions and grants received
$898,760
Grants paid
$0
Program service revenue
$2,729,915
Investment income
$7,987
Other revenue
$141,175
Total assets, end of year
$3,440,590
Total liabilities, end of year
$1,269,505
Net assets or fund balances, end of year
$2,171,085
Program services expenses (Part IX)
$2,711,568
Management and general expenses
$936,736
Fundraising expenses
$49,083
Program service expenses (Part III)
$2,711,568

Program services were 73.3% 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.

  • 1b · Membership dues

    $48,866

  • 1e · Government grants (contributions)

    $444,943

  • 1f · All other contributions, gifts and grants

    $404,951

  • 1g · Noncash contributions included above

    $24,190

  • 2a · Program service revenue: ADMISSIONS, TOURS, EVE

    total $2,729,915 · related or exempt $2,729,915

  • 3 · Investment income

    total $7,987 · excluded $7,987

  • 5 · Royalties

    total $299 · excluded $299

  • 6a · Gross rents

    real property $24,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $24,700

  • 6d · Net rental income or loss

    total $24,700 · excluded $24,700

  • 10a · Gross sales of inventory

    $191,538

  • 10b · Cost of goods sold

    $78,222

  • 10c · Net income from sales of inventory

    total $113,316 · related or exempt $113,316

  • 11a · Other revenue: OTHER INCOME

    total $2,860 · related or exempt $2,860

  • 11e · Other revenue, total

    $2,860

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $232,800 · program services $232,800

  • 6 · Compensation of disqualified persons

    total $1,768,110 · program services $1,400,867 · management and general $348,881 · fundraising $18,362

  • 12 · Advertising and promotion

    total $43,475 · program services $42,013 · management and general $1,389 · fundraising $73

  • 13 · Office expenses

    total $193,206 · program services $138,948 · management and general $51,752 · fundraising $2,506

  • 16 · Occupancy

    total $46,407 · program services $500 · management and general $43,612 · fundraising $2,295

  • 17 · Travel

    total $32,641 · program services $16,173 · management and general $15,645 · fundraising $823

  • 22 · Depreciation, depletion and amortization

    total $89,892 · program services $89,892

  • 23 · Insurance

    total $82,973 · program services $24,106 · management and general $55,924 · fundraising $2,943

  • 24a · Other expenses: PROGRAM EXPENSES

    total $524,644 · program services $524,762 · management and general -$112 · fundraising -$6

  • 24b · Other expenses: PROFESSIONAL SERVICES

    total $261,299 · program services $15,747 · management and general $233,274 · fundraising $12,278

  • 24c · Other expenses: UTILITIES

    total $144,412 · program services $7,958 · management and general $129,631 · fundraising $6,823

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $131,109 · program services $129,467 · management and general $1,560 · fundraising $82

  • 24e · All other expenses

    total $146,419 · program services $88,335 · management and general $55,180 · fundraising $2,904

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,664,543 · end of year $545,171

  • 4 · Accounts receivable

    beginning of year $161,645 · end of year $1,429,269

  • 8 · Inventories for sale or use

    beginning of year $40,026 · end of year $50,720

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,315 · end of year $52,674

  • 10a · Land, buildings and equipment: cost or other basis

    $4,110,388

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,747,632

  • 10c · Land, buildings and equipment, net

    beginning of year $1,311,889 · end of year $1,362,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $564,827 · end of year $695,474

  • 19 · Deferred revenue

    beginning of year $3,284 · end of year $48,281

  • 24 · Unsecured notes and loans payable

    beginning of year $517,696 · end of year $497,146

  • 25 · Other liabilities

    beginning of year $38,976 · end of year $28,604

  • 27 · Net assets without donor restrictions

    beginning of year $2,082,646 · end of year $2,154,896

  • 28 · Net assets with donor restrictions

    beginning of year $7,989 · end of year $16,189

Mission and programs · 2022

Mission

THE FOUNDATION PRESERVES AND HONORS THE LEGACY OF THE USS HORNET, A NATIONAL HISTORIC LANDMARK, AND ITS ROLE IN NAVAL AVIATION, THE DEFENSE OF OUR COUNTRY, THE APOLLO PROGRAMS, AND EXPLORATION OF SPACE. THE USS HORNET CONNECTS THE GREATEST GENERATION OF AMERICANS WITH FUTURE GENERATIONS, EDUCATING AND INSPIRING THEM TO MEET THE CHALLENGES THEY WILL FACE IN THE DAYS TO COME.

Activities or mission (Part I)

AIRCRAFT CARRIER HORNET FOUNDATION PRESERVES AND HONORS THE LEGACY OF THE USS HORNET.

  • THE USS HORNET IS A VINTAGE WWII AIRCRAFT CARRIER. MAINTAINING SUCH A LARGE SHIP IN GOOD ORDER IS COSTLY. MOREOVER, THE SHIP OPERATES AS A MUSEUM, SERVING THE PUBLIC; CONSEQUENTLY, THERE ARE MANY LOCAL INSPECTIONS DESIGNED TO SECURE PUBLIC SAFETY. MAINTAINING THE SHIP/MUSEUM IS AN ONGOING PROJECT.

    Expenses $898,549 · Revenue $743,989

  • PUBLIC PROGRAMS MAINLY ENCOMPASSES THE LIVE ABOARD PROGRAM WHICH SERVES SINGLES OR GROUPS FOR OVERNIGHT STAYS ON THE SHIP, AS WELL AS BIRTHDAY PARTIES. EDUCATION PROGRAMS ARE DESIGNED FOR SCHOOL AGED CHILDREN IN ACCORDANCE WITH STEM.

    Expenses $645,911 · Revenue $1,325,975

  • PRIVATE EVENTS ARE USUALLY LARGE GROUP OR CORPORATE EVENTS. COMMUNITY EVENTS ARE PROGRAMS TO CAPTURE LARGE GROUPS OF VISITORS TO THE MUSEUM ON IMPORTANT HOLIDAYS SUCH AS THE 4TH OF JULY OR MEMORIAL DAY, ETC.

    Expenses $1,167,108 · Revenue $659,451

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sam Lamonica

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Tim Lutz

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1.9

  • Sue Roderick

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Kurt Libby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cecilia Gaerlan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jon Yuen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maureen Vavra

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Ray Fortney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Chuck Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anudeep Bhatia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Cliff Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Drew Dewalt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Fisher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ron Finch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Snow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rolf Sabye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Epperson

    EXECUTIVE DIRECTOR

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laura Fies

    CHIEF OPERATIONS OFFICER

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Isy Anschutz

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $72,800
    From this org
    $72,800
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349313965

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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