Form 990 for tax year 2023
Filed by HOME PORT ALLIANCE FOR THE USS NEW JERSEY INC.
Totals
- Total revenue
- $6,169,924
- Total expenses
- $6,167,498
- Contributions and grants received
- $3,576,344
- Grants paid
- $0
- Program service revenue
- $2,149,056
- Investment income
- $13,550
- Other revenue
- $430,974
- Total assets, end of year
- $29,673,602
- Total liabilities, end of year
- $7,753,735
- Net assets or fund balances, end of year
- $21,919,867
- Program services expenses (Part IX)
- $5,299,868
- Management and general expenses
- $654,517
- Fundraising expenses
- $213,113
- Program service expenses (Part III)
- $5,299,868
Program services were 85.9% 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
$72,746
-
1e · Government grants (contributions)
$2,518,599
-
1f · All other contributions, gifts and grants
$984,999
-
2a · Program service revenue: ADMISSIONS
total $1,201,118 · related or exempt $1,201,118
-
2b · Program service revenue: OVERNIGHT ENCAMPMENTS
total $559,622 · related or exempt $559,622
-
2c · Program service revenue: MEETINGS AND EVENT TOU
total $388,316 · related or exempt $388,316
-
3 · Investment income
total $13,550 · excluded $13,550
-
10a · Gross sales of inventory
$661,985
-
10b · Cost of goods sold
$231,011
-
10c · Net income from sales of inventory
total $430,974 · related or exempt $430,974
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $248,562 · program services $216,249 · management and general $22,371 · fundraising $9,942
-
6 · Compensation of disqualified persons
total $2,039,792 · program services $1,774,619 · management and general $183,581 · fundraising $81,592
-
9 · Other employee benefits
total $296,942 · program services $252,401 · management and general $44,541
-
10 · Payroll taxes
total $229,374 · program services $199,555 · management and general $20,644 · fundraising $9,175
-
11c · Fees: accounting
total $220,000 · management and general $220,000
-
12 · Advertising and promotion
total $254,060 · program services $248,744 · fundraising $5,316
-
13 · Office expenses
total $343,910 · program services $278,405 · management and general $51,508 · fundraising $13,997
-
14 · Information technology
total $104,276 · program services $80,292 · management and general $18,770 · fundraising $5,214
-
16 · Occupancy
total $768,447 · program services $722,340 · management and general $38,422 · fundraising $7,685
-
17 · Travel
total $2,702 · program services $2,540 · management and general $162
-
20 · Interest
total $86,928 · program services $86,928
-
22 · Depreciation, depletion and amortization
total $701,277 · program services $659,202 · management and general $35,063 · fundraising $7,012
-
23 · Insurance
total $389,107 · program services $365,761 · management and general $19,455 · fundraising $3,891
-
24a · Other expenses: ENCAMPMENT EXPENSES
total $270,041 · program services $270,041
-
24b · Other expenses: MEETING & EVENT EXPENSE
total $157,817 · program services $88,528 · fundraising $69,289
-
24c · Other expenses: CURATORIAL AND EDUCATIO
total $21,480 · program services $21,480
-
24d · Other expenses: SCHOLARSHIPS
total $20,000 · program services $20,000
-
24e · All other expenses
total $12,783 · program services $12,783
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,189,597 · end of year $6,185,149
-
3 · Pledges and grants receivable
beginning of year $1,283,327 · end of year $464,395
-
4 · Accounts receivable
beginning of year $216,992 · end of year $168,582
-
8 · Inventories for sale or use
beginning of year $55,748 · end of year $150,857
-
9 · Prepaid expenses and deferred charges
beginning of year $77,198 · end of year $75,089
-
10a · Land, buildings and equipment: cost or other basis
$34,122,075
-
10b · Land, buildings and equipment: accumulated depreciation
$11,508,646
-
10c · Land, buildings and equipment, net
beginning of year $21,368,262 · end of year $22,613,429
-
15 · Other assets
beginning of year $3,000 · end of year $16,101
-
17 · Accounts payable and accrued expenses
beginning of year $418,930 · end of year $188,512
-
19 · Deferred revenue
beginning of year $121,271 · end of year $97,486
-
23 · Secured mortgages and notes payable
beginning of year $2,633,841 · end of year $2,467,737
-
25 · Other liabilities
beginning of year $85,282 · end of year $5,000,000
-
27 · Net assets without donor restrictions
beginning of year $21,934,800 · end of year $21,911,867
-
28 · Net assets with donor restrictions
end of year $8,000
Mission and programs · 2023
Mission
TO RESTORE, PRESERVE & MAINTAIN THE USS NEW JERSEY AND TO EDUCATE THE PUBLIC OF THE HISTORICAL ACHIEVEMENTS OF THE USS NEW JERSEY.
Activities or mission (Part I)
THE HISTORIC PRESERVATION OF THE BATTLESHIP USS NEW JERSEY BB-62 AS A MUSEUM.
-
TO RESTORE, PRESERVE & MAINTAIN THE BATTLESHIP. TO EDUCATE THE PUBLIC OF THE HISTORICAL ACHIEVEMNETS OF THE BATTLESHIP. TO MODIFY THE SHIP TO ENHANCE THE PUBLIC EXPERIENCE. TO SERVE AS A MUSEUM OF HISTORICAL ARTIFACTS.
Expenses $5,299,868 · Revenue $2,580,030
As filed on the 2023 return.
Listed in Part VII
-
LISA CONTE
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
ROBERT DEL SORDO
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
THOMAS REILLY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
CAPTAIN WALTER URBAN USN RET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH AZZOLINA JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAPTAIN JOSEPH BENTON III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HONORABLE PATRICIA EGAN JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ERICA WEISS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN J MATHEUSSEN ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PETER KNORR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH MAHER MUOIO
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LOUIS CAPELLI JR
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
COLONEL YVONNE L MAYS
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HONORABLE VICTOR CARSTARTHEN
EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LUKE GORDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN SHEEHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GILBERT L WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN BAUERLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HONORABLE GEORGE LEONE ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARSHALL SPEVAK
CEO (INSTATED NOV. 2023)
- Total calculated
- $11,077
- From this org
- $11,077
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
GEORGE JONES III
DIR. OPS / RECORDING SECRETARY
- Total calculated
- $93,005
- From this org
- $93,005
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
PHIL ROWAN
CEO (RETIRED NOV. 2023)
- Total calculated
- $144,480
- From this org
- $144,480
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,480
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $144,480
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 · 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
- 3 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412499349300021
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