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← NAVY MUSEUM DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by NAVY MUSEUM DEVELOPMENT FOUNDATION.

Totals

Total revenue
$4,066,878
Total expenses
$1,218,203
Contributions and grants received
$4,066,878
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,570,479
Total liabilities, end of year
$2,086,247
Net assets or fund balances, end of year
$3,484,232
Program services expenses (Part IX)
$0
Management and general expenses
$622,306
Fundraising expenses
$595,897
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $4,066,878

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,147,008 · management and general $573,504 · fundraising $573,504

  • 11c · Fees: accounting

    total $21,545 · management and general $21,545

  • 12 · Advertising and promotion

    total $1,300 · fundraising $1,300

  • 13 · Office expenses

    total $2,902 · management and general $2,902

  • 14 · Information technology

    total $2,557 · management and general $2,557

  • 17 · Travel

    total $8,878 · management and general $4,439 · fundraising $4,439

  • 19 · Conferences, conventions and meetings

    total $33,308 · management and general $16,654 · fundraising $16,654

  • 23 · Insurance

    total $705 · management and general $705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,135 · end of year $71,678

  • 3 · Pledges and grants receivable

    beginning of year $1,749,173 · end of year $5,498,801

  • 17 · Accounts payable and accrued expenses

    end of year $1,796

  • 22 · Loans and payables to officers and key people

    beginning of year $1,141,751 · end of year $2,084,451

  • 27 · Net assets without donor restrictions

    beginning of year -$1,113,616 · end of year -$2,014,569

  • 28 · Net assets with donor restrictions

    beginning of year $1,749,173 · end of year $5,498,801

Mission and programs · 2023

Mission

PERPETUATE THE HERITAGE OF THE UNITED STATES NAVY BY SUPPORTING AND RAISING FUNDS FOR THE ESTABLISHMENT OF A NATIONAL MUSEUM OF THE UNITED STATES NAVY IN WASHINGTON, D.C.

  • PERPETUATE THE HERITAGE OF THE UNITED STATES NAVY BY SUPPORTING AND RAISING FUNDS FOR THE ESTABLISHMENT OF A NATIONAL MUSEUM OF THE UNITED STATES NAVY IN WASHINGTON, D.C.

As filed on the 2023 return.

Listed in Part VII

  • The Honorable Kenneth J Braithwaite

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.25

  • Dr Jerry Hendrix

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.25

  • Vadm Albert H Konetzni

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.25

  • Dr Christopher Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.25

  • Dr Jennifer London

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.25

  • Radm Mark Montgomery

    TREASURER

    Total calculated
    $0
    Hours/week
    1.25

  • Cdr Everett Alvarez Jr Usn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.25

  • Bradley S Carlson

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    15

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
2023
Filed
23 May 2024
IRS schema version
2023v5.0
Source object
202421459349301102

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