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Nonprofiteer
← HOME PORT ALLIANCE FOR THE USS NEW JERSEY INC

Form 990 for tax year 2024

Filed by HOME PORT ALLIANCE FOR THE USS NEW JERSEY INC.

Totals

Total revenue
$11,619,903
Total expenses
$6,729,223
Contributions and grants received
$8,420,753
Grants paid
$0
Program service revenue
$2,818,850
Investment income
$168,938
Other revenue
$211,362
Total assets, end of year
$33,888,719
Total liabilities, end of year
$7,028,656
Net assets or fund balances, end of year
$26,860,063
Program services expenses (Part IX)
$5,853,042
Management and general expenses
$723,825
Fundraising expenses
$152,356
Program service expenses (Part III)
$5,853,042

Program services were 87.0% 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

    $57,471

  • 1e · Government grants (contributions)

    $6,920,099

  • 1f · All other contributions, gifts and grants

    $1,443,183

  • 2a · Program service revenue: ADMISSIONS

    total $2,563,800 · related or exempt $2,563,800

  • 2b · Program service revenue: OVERNIGHT ENCAMPMENTS

    total $154,750 · related or exempt $154,750

  • 2c · Program service revenue: MEETINGS AND EVENT TOUR FEES

    total $100,300 · related or exempt $100,300

  • 3 · Investment income

    total $168,938 · excluded $168,938

  • 10a · Gross sales of inventory

    $547,869

  • 10b · Cost of goods sold

    $336,507

  • 10c · Net income from sales of inventory

    total $211,362 · related or exempt $211,362

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $500,880 · program services $435,766 · management and general $45,079 · fundraising $20,035

  • 7 · Other salaries and wages

    total $1,949,250 · program services $1,695,847 · management and general $175,433 · fundraising $77,970

  • 9 · Other employee benefits

    total $414,037 · program services $351,931 · management and general $62,106

  • 10 · Payroll taxes

    total $207,952 · program services $180,918 · management and general $18,716 · fundraising $8,318

  • 11c · Fees: accounting

    total $225,935 · management and general $225,935

  • 12 · Advertising and promotion

    total $39,213 · program services $39,213

  • 13 · Office expenses

    total $471,424 · program services $378,052 · management and general $73,343 · fundraising $20,029

  • 14 · Information technology

    total $98,868 · program services $76,129 · management and general $17,796 · fundraising $4,943

  • 16 · Occupancy

    total $878,558 · program services $825,845 · management and general $43,928 · fundraising $8,785

  • 17 · Travel

    total $1,801 · program services $1,693 · management and general $108

  • 20 · Interest

    total $193,171 · program services $193,171

  • 22 · Depreciation, depletion and amortization

    total $793,976 · program services $746,337 · management and general $39,699 · fundraising $7,940

  • 23 · Insurance

    total $433,643 · program services $407,625 · management and general $21,682 · fundraising $4,336

  • 24a · Other expenses: MEETING & EVENT EXPENSE

    total $373,515 · program services $373,515

  • 24b · Other expenses: ENCAMPMENT EXPENSES

    total $60,663 · program services $60,663

  • 24c · Other expenses: CURATORIAL AND EDUCATIO

    total $45,637 · program services $45,637

  • 24d · Other expenses: EQUIP & TRANSPORTATION

    total $20,700 · program services $20,700

  • 24e · All other expenses

    total $20,000 · program services $20,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,185,149 · end of year $1,911,436

  • 3 · Pledges and grants receivable

    beginning of year $464,395 · end of year $245,775

  • 4 · Accounts receivable

    beginning of year $168,582 · end of year $81,502

  • 8 · Inventories for sale or use

    beginning of year $150,857 · end of year $205,265

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,089 · end of year $13,231

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

    $43,737,855

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

    $12,306,345

  • 10c · Land, buildings and equipment, net

    beginning of year $22,613,429 · end of year $31,431,510

  • 15 · Other assets

    beginning of year $16,101 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $188,512 · end of year $626,923

  • 19 · Deferred revenue

    beginning of year $97,486 · end of year $308,782

  • 23 · Secured mortgages and notes payable

    beginning of year $2,467,737 · end of year $5,479,945

  • 25 · Other liabilities

    beginning of year $5,000,000 · end of year $613,006

  • 27 · Net assets without donor restrictions

    beginning of year $21,911,867 · end of year $26,852,063

  • 28 · Net assets with donor restrictions

    beginning of year $8,000 · end of year $8,000

Mission and programs · 2024

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 $5,853,042 · Revenue $3,030,212

As filed on the 2024 return.

Listed in Part VII

  • 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

    GENERAL SECRETARY

    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

  • Melinda Kane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Colonel Yvonne L Mays

    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

  • Kenneth Wong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Honorable George Leone Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Col Ted Gallagher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neil Mori

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheila Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Honorable Victor Carstarphen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Tighue

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marshall Spevak

    CEO

    Total calculated
    $191,112
    From this org
    $191,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,112
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $191,112

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202541359349310754

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