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Nonprofiteer
← USS MISSOURI MEMORIAL ASSOCIATION INC

Form 990 for tax year 2023

Filed by USS MISSOURI MEMORIAL ASSOCIATION INC.

Totals

Total revenue
$17,930,927
Total expenses
$14,959,987
Contributions and grants received
$495,687
Grants paid
$0
Program service revenue
$16,194,201
Investment income
$19,929
Other revenue
$1,221,110
Total assets, end of year
$48,660,275
Total liabilities, end of year
$1,836,447
Net assets or fund balances, end of year
$46,823,828
Program services expenses (Part IX)
$13,697,745
Management and general expenses
$1,226,194
Fundraising expenses
$36,048
Program service expenses (Part III)
$13,697,745

Program services were 91.6% 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

    $495,687

  • 2a · Program service revenue: ADMISSION RECEIPTS

    total $14,892,985 · related or exempt $14,892,985

  • 2b · Program service revenue: EDUCATIONAL EVENTS

    total $757,509 · related or exempt $757,509

  • 2c · Program service revenue: MUSEUM SNACKBAR

    total $543,707 · related or exempt $543,707

  • 3 · Investment income

    total $571,997 · excluded $571,997

  • 5 · Royalties

    total $469,956 · excluded $469,956

  • 6a · Gross rents

    real property $751,154

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $751,154

  • 6d · Net rental income or loss

    total $751,154 · excluded $751,154

  • 7a · Gross sales of assets other than inventory

    securities $6,093,011

  • 7b · Less cost or other basis and sales expenses

    securities $6,645,079

  • 7c · Gain or loss

    securities -$552,068

  • 7d · Net gain or loss

    total -$552,068 · excluded -$552,068

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $752,277 · program services $382,815 · management and general $369,462

  • 6 · Compensation of disqualified persons

    total $4,809,238 · program services $4,523,592 · management and general $285,646

  • 9 · Other employee benefits

    total $933,309 · program services $822,973 · management and general $110,336

  • 10 · Payroll taxes

    total $395,030 · program services $345,954 · management and general $49,076

  • 11b · Fees: legal

    total $7,435 · program services $7,435

  • 11c · Fees: accounting

    total $32,350 · management and general $32,350

  • 11g · Fees: other

    total $154,464 · program services $101,036 · management and general $53,428

  • 12 · Advertising and promotion

    total $227,034 · program services $227,034

  • 13 · Office expenses

    total $34,297 · program services $7,001 · management and general $27,296

  • 14 · Information technology

    total $7,893 · program services $7,893

  • 16 · Occupancy

    total $1,219,890 · program services $1,219,890

  • 17 · Travel

    total $5,047 · management and general $5,047

  • 19 · Conferences, conventions and meetings

    total $8,595 · management and general $8,595

  • 22 · Depreciation, depletion and amortization

    total $2,545,905 · program services $2,468,154 · management and general $77,751

  • 23 · Insurance

    total $357,016 · program services $340,360 · management and general $16,656

  • 24a · Other expenses: TICKETING/RESERVATIONS

    total $1,329,302 · program services $1,329,302

  • 24b · Other expenses: GROUND TRANSPORTATION

    total $1,101,873 · program services $1,101,873

  • 24c · Other expenses: SHIP OPERATIONS

    total $642,908 · program services $642,908

  • 24d · Other expenses: OTHER EXPENSES

    total $317,892 · program services $127,341 · management and general $190,551

  • 24e · All other expenses

    total $78,232 · program services $42,184 · fundraising $36,048

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,922,955 · end of year $5,631,786

  • 4 · Accounts receivable

    beginning of year $1,936,204 · end of year $1,883,484

  • 9 · Prepaid expenses and deferred charges

    beginning of year $404,302 · end of year $372,583

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

    $47,506,533

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

    $24,721,344

  • 10c · Land, buildings and equipment, net

    beginning of year $24,662,690 · end of year $22,785,189

  • 11 · Investments: publicly traded securities

    beginning of year $12,141,495 · end of year $17,987,233

  • 15 · Other assets

    beginning of year $11,543 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,299,732 · end of year $1,836,447

  • 21 · Escrow or custodial account liability

    beginning of year $11,543 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $41,691,146 · end of year $46,770,239

  • 28 · Net assets with donor restrictions

    beginning of year $76,768 · end of year $53,589

Mission and programs · 2023

Mission

THE USS MISSOURI MEMORIAL ASSOCIATION IS DEDICATED TO PRESERVING THE BATTLESHIP MISSOURI AND SHARING HER STORY AND PLACE IN HISTORY.

  • 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 10 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.

    Expenses $13,697,745 · Revenue $16,194,201

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL A CARR

    PRESIDENT & CEO

    Total calculated
    $333,611
    From this org
    $318,814
    From related orgs
    $0
    Other
    $14,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,573
    Bonus
    $37,500
    Other
    $4,741
    Deferred
    $11,062
    Nontaxable benefits
    $3,735
    Filer's total
    $333,611

  • STEVE COLON

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • PETE GUMATAOTAO

    VICE CHAIRMAN & SEC.

    Total calculated
    $0
    Hours/week
    5

  • JUDY Y LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHN MCKENNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ED SULTAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SUSAN COWAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • REVELL NEWTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MIKE VITALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT BRUHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ALMA GROCKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MATT GUARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JACK LAUFER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MARK POLIVKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • VIC ANGOCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BILL KEARNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KENO KNIERIEM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BONNIE FONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL CHUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MURRAY CLAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • THOMAS E MANUEL

    VICE PRESIDENT

    Total calculated
    $202,656
    From this org
    $185,561
    From related orgs
    $0
    Other
    $17,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,801
    Bonus
    $15,000
    Other
    $1,760
    Deferred
    $6,346
    Nontaxable benefits
    $10,749
    Filer's total
    $202,656

  • PAUL DYSON

    VICE PRESIDENT

    Total calculated
    $216,010
    From this org
    $189,171
    From related orgs
    $0
    Other
    $26,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,954
    Bonus
    $15,000
    Other
    $1,217
    Deferred
    $6,918
    Nontaxable benefits
    $19,921
    Filer's total
    $216,010

  • MIKE VAN WOERKOM

    ENVIRONMENTAL DIRECTOR

    Total calculated
    $185,090
    From this org
    $168,828
    From related orgs
    $0
    Other
    $16,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,108
    Bonus
    $15,000
    Other
    $720
    Deferred
    $6,123
    Nontaxable benefits
    $10,139
    Filer's total
    $185,090

  • LES LANCASTER

    DIRECTOR OF ENGINEERING

    Total calculated
    $157,069
    From this org
    $141,858
    From related orgs
    $0
    Other
    $15,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,138
    Bonus
    $10,000
    Other
    $720
    Deferred
    $5,245
    Nontaxable benefits
    $9,966
    Filer's total
    $157,069

  • MICHAEL YANAGIHASHI

    DIRECTOR OF HR

    Total calculated
    $151,697
    From this org
    $136,081
    From related orgs
    $0
    Other
    $15,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,361
    Bonus
    $10,000
    Other
    $720
    Deferred
    $5,054
    Nontaxable benefits
    $10,562
    Filer's total
    $151,697

  • ROBYN OMURO OSAKI

    DIRECTOR OF MARKETING

    Total calculated
    $153,802
    From this org
    $138,497
    From related orgs
    $0
    Other
    $15,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,777
    Bonus
    $10,000
    Other
    $720
    Deferred
    $5,130
    Nontaxable benefits
    $10,175
    Filer's total
    $153,802

  • JACLYN HAWSE

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $141,180
    From this org
    $126,472
    From related orgs
    $0
    Other
    $14,708
    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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202423069349302507

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