Skip to content
Nonprofiteer
← VIETNAM VETERANS MEMORIAL FUND INC

Form 990 for tax year 2024

Filed by VIETNAM VETERANS MEMORIAL FUND INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 31 March 2026. matched by us Only the Part I totals and the names listed in Part VII 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.

Program services expenses
$2,500,080 changed to $4,342,547
Fundraising expenses
$3,382,443 changed to $1,539,976
Program service expenses (Part III)
$2,500,080 changed to $4,342,547

Totals

Total revenue
$8,598,229
Total expenses
$6,392,916
Contributions and grants received
$7,204,995
Grants paid
$0
Program service revenue
$432,000
Investment income
$818,806
Other revenue
$142,428
Total assets, end of year
$24,743,873
Total liabilities, end of year
$919,826
Net assets or fund balances, end of year
$23,824,047
Program services expenses (Part IX)
$2,500,080
Management and general expenses
$510,393
Fundraising expenses
$3,382,443
Program service expenses (Part III)
$2,500,080

Program services were 39.1% 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

    $7,204,995

  • 1g · Noncash contributions included above

    $4,516

  • 2a · Program service revenue: Site Fees

    total $342,000 · related or exempt $342,000

  • 2b · Program service revenue: Sponsorship

    total $90,000 · excluded $90,000

  • 3 · Investment income

    total $515,905 · excluded $515,905

  • 5 · Royalties

    total $87,646 · excluded $87,646

  • 7a · Gross sales of assets other than inventory

    securities $3,432,825

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

    securities $3,129,924

  • 7c · Gain or loss

    securities $302,901

  • 7d · Net gain or loss

    total $302,901 · excluded $302,901

  • 10a · Gross sales of inventory

    $51,285

  • 10b · Cost of goods sold

    $8,296

  • 10c · Net income from sales of inventory

    total $42,989 · related or exempt $42,989

  • 11a · Other revenue: Other revenue

    total $11,793 · excluded $11,793

  • 11e · Other revenue, total

    $11,793

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $538,139 · program services $376,057 · management and general $48,817 · fundraising $113,265

  • 7 · Other salaries and wages

    total $989,676 · program services $691,595 · management and general $89,778 · fundraising $208,303

  • 8 · Pension plan contributions

    total $21,956 · program services $15,344 · management and general $1,991 · fundraising $4,621

  • 9 · Other employee benefits

    total $233,514 · program services $163,182 · management and general $21,183 · fundraising $49,149

  • 10 · Payroll taxes

    total $110,265 · program services $77,054 · management and general $10,003 · fundraising $23,208

  • 11c · Fees: accounting

    total $95,814 · management and general $95,814

  • 11e · Fees: professional fundraising services

    total $2,200,441 · fundraising $2,200,441

  • 11f · Fees: investment management

    total $131,725 · management and general $131,725

  • 11g · Fees: other

    total $313,910 · program services $243,736 · management and general $21,711 · fundraising $48,463

  • 12 · Advertising and promotion

    total $15,000 · program services $6,882 · management and general $4,677 · fundraising $3,441

  • 13 · Office expenses

    total $159,773 · program services $79,607 · management and general $12,787 · fundraising $67,379

  • 14 · Information technology

    total $107,714 · program services $87,574 · management and general $2,993 · fundraising $17,147

  • 16 · Occupancy

    total $93,139 · program services $71,030 · management and general $7,804 · fundraising $14,305

  • 17 · Travel

    total $290,900 · program services $269,587 · management and general $6,631 · fundraising $14,682

  • 19 · Conferences, conventions and meetings

    total $67,442 · program services $66,592 · management and general $850

  • 22 · Depreciation, depletion and amortization

    total $51,962 · program services $51,399 · management and general $157 · fundraising $406

  • 23 · Insurance

    total $37,950 · program services $361 · management and general $37,513 · fundraising $76

  • 24a · Other expenses: Direct Mail

    total $408,674 · fundraising $408,674

  • 24b · Other expenses: Repairs and Maintenance

    total $297,000 · program services $297,000

  • 24c · Other expenses: Caging - Direct Mail

    total $184,134 · fundraising $184,134

  • 24d · Other expenses: Dues and Subscriptions

    total $24,744 · program services $206 · management and general $2,663 · fundraising $21,875

  • 24e · All other expenses

    total $19,044 · program services $2,874 · management and general $13,296 · fundraising $2,874

  • 26 · Joint costs (an allocation of the lines above)

    total $2,609,115 · program services $1,842,467 · management and general $0 · fundraising $766,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,217,864 · end of year $1,564,678

  • 2 · Savings and temporary cash investments

    beginning of year $757,203 · end of year $619,306

  • 3 · Pledges and grants receivable

    beginning of year $35,111 · end of year $17,705

  • 9 · Prepaid expenses and deferred charges

    beginning of year $201,167 · end of year $246,565

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

    $7,255,860

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

    $7,112,954

  • 10c · Land, buildings and equipment, net

    beginning of year $185,312 · end of year $142,906

  • 11 · Investments: publicly traded securities

    beginning of year $17,812,314 · end of year $21,322,674

  • 15 · Other assets

    beginning of year $708,255 · end of year $830,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,551 · end of year $468,544

  • 19 · Deferred revenue

    beginning of year $49,500 · end of year $60,000

  • 25 · Other liabilities

    beginning of year $236,215 · end of year $391,282

  • 27 · Net assets without donor restrictions

    beginning of year $18,785,776 · end of year $22,481,747

  • 28 · Net assets with donor restrictions

    beginning of year $1,639,184 · end of year $1,342,300

Mission and programs · 2024

Mission

To honor and preserve the legacy of service and educate all generations about the impact of the Vietnam War.

  • The Wall That Heals - The Organization promotes healing and provides education about the impact of the Vietnam War through the traveling Memorial called "The Wall That Heals." The Fund exhibits a 3/4-scale replica of the Vietnam Veterans Memorial in cities and locations throughout the United States, making it possible for individuals who are unable to travel to Washington, D.C., to recognize, remember, and honor those who served and died, and to experience a connection with lost comrades and loved ones. The traveling Memorial also includes a mobile education center to teach visitors of all ages about the Vietnam War and the era.

    Expenses $792,196 · Revenue $474,989

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $415,250

  • Memorial Legacy - The Organization preserves the legacy of the Memorial and promoting healing through public outreach and awareness, as well as promoting visitation of the Memorial to the general public. The Fund interacts with the public both in person and online to provide information about the Memorial's legacy. In person, Fund staff provide tours, answer questions about The Wall and its history, and do name rubbings for those that can't visit. Online, the Fund's website provides historical and educational information about the Memorial and those whose names are inscribed on it. The Wall of Faces portion of the website provides a page for each service member whose name is inscribed on The Wall and allows families, friends, and veterans to post remembrances and photos, extending the healing power and emotional impact of The Wall to millions of people through the internet. The Fund also uses social media and other digital content and technologies including a mobile app to share the story of the Memorial and its legacy with people all around the world.

    Expenses $339,648

  • In Memory - VVMF's In Memory program honors Vietnam veterans who served, returned home, and later died, but are not eligible for inscription on the wall under Department of Defense guidelines. Examples of causes of death that fit the criteria for inclusion in the program include: exposure to Agent Orange, PTSD/suicide, cancer, diabetes, and heart attack. The In Memory program also conducts a reading of the names and In Memory events.

    Expenses $375,851

  • Education Programs - The Organization seeks to educate students about the impact of the Vietnam War and preserve the legacy of the Vietnam Veterans Memorial through programs related to the education of students and teachers regarding the Vietnam War, the Vietnam Veterans Memorial, and the Memorial's legacy in culture and society. The Fund's education programs reach teachers and students from grades 7 to 12, as well as higher education. The Hometown Heroes program, developed to promote a greater understanding of the Vietnam War, the Vietnam era, and the personal sacrifice of the individuals whose names are inscribed on the Memorial, provides curriculum to schools and community organizations to encourage students. The podcast Echoes of the Vietnam War tells the stories of Vietnam veterans and those still affected by it.

    Expenses $258,459

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $246,204

  • Outreach - Outreach efforts include all activities to make people aware of VVMF various programs and activities: presentations to visitor groups, veteran groups, or students about the Vietnam War; its veterans; and the Memorial. Outreach also makes people aware of the In Memory Program, The Wall That Heals, ceremonies and other activities that take place as part of VVMF's mission.

    Expenses $72,472

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Alan Buckelew

    Chair

    Total calculated
    $0
    Hours/week
    1

  • France Hoang

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Samantha Smtih Atkinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Bannister

    Director

    Total calculated
    $0
    Hours/week
    1

  • Denis Faherty

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Hine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Miguel Howe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Keith June

    Director

    Total calculated
    $0
    Hours/week
    1

  • Viet Luong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marty Marks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Allen McCabe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael McMahon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Norman Murray

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Punches

    Director

    Total calculated
    $0
    Hours/week
    1

  • Megan Rihn Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Troy Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Knotts

    President & CEO

    Total calculated
    $308,585
    From this org
    $277,671
    From related orgs
    $0
    Other
    $30,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,838
    Bonus
    $46,350
    Other
    $2,483
    Deferred
    $7,499
    Nontaxable benefits
    $23,415
    Filer's total
    $308,585

  • Viktoras Zikas

    Chief Development Officer

    Total calculated
    $258,999
    From this org
    $220,253
    From related orgs
    $0
    Other
    $38,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,404
    Bonus
    $29,849
    Other
    $0
    Deferred
    $6,376
    Nontaxable benefits
    $32,370
    Filer's total
    $258,999

  • Heidi Zimmerman

    Vice President

    Total calculated
    $151,179
    From this org
    $125,481
    From related orgs
    $0
    Other
    $25,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,789
    Bonus
    $16,692
    Other
    $0
    Deferred
    $3,555
    Nontaxable benefits
    $22,143
    Filer's total
    $151,179

  • Adam Arbogast

    Senior Director

    Total calculated
    $131,311
    From this org
    $105,374
    From related orgs
    $0
    Other
    $25,937
    Hours/week
    40

  • Terry Walker

    Director of Accounting & Admin.

    Total calculated
    $119,474
    From this org
    $102,895
    From related orgs
    $0
    Other
    $16,579
    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 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

The filer's explanations (Part III)

Part I, Line 3
The Executive Committee reviews, at least every two years, the employment terms and salary requirements based on salary comparison data and contemporaneous documentation of the decision is made by the committee for the President/CEO. The Executive Committee also approves salary requirements of other staff officers and key employees of the organization. The Executive Committee makes recommendations to the full Board related to executive compensation. The compensation philosophy of the board is to pay at market rate for base salary, offer competitive benefits as compared to similar nonprofits, and to reward exemplary performance with bonuses based on the annual performance review. Since 2014, the staff has been reduced by nearly half. To minimize expenses, the President and CEO assumed responsibilities for several positions that were eliminated. In addition to his primary duties, the President and CEO currently serves as Chief Operating Officer, Chief Information Officer, and overseer of the outsourced Chief Financial Officer and in-house finance staff. These efforts alone have reduced annual payroll costs by well over $300,000.

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
2024
Filed
24 March 2026
IRS schema version
2024v5.5
Source object
202640849349300619

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

The source document this was parsed from is served over the API, which is where bulk and document access live.