Skip to content
Nonprofiteer
← PACIFIC FLEET SUBMARINE MEMORIAL ASSOCIATION INC

Form 990 for tax year 2024

Filed by PACIFIC FLEET SUBMARINE MEMORIAL ASSOCIATION INC.

Totals

Total revenue
$9,802,795
Total expenses
$7,365,565
Contributions and grants received
$179,737
Grants paid
$159,881
Program service revenue
$7,899,736
Investment income
$511,666
Other revenue
$1,211,656
Total assets, end of year
$41,360,802
Total liabilities, end of year
$10,216,533
Net assets or fund balances, end of year
$31,144,269
Program services expenses (Part IX)
$6,352,985
Management and general expenses
$968,780
Fundraising expenses
$43,800
Program service expenses (Part III)
$6,352,985

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES K MERKEL USN RET

    EXECUTIVE DIRECTOR/PRESIDENT

    Total calculated
    $278,334
    From this org
    $255,000
    From related orgs
    $0
    Other
    $23,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $30,000
    Other
    $0
    Deferred
    $6,750
    Nontaxable benefits
    $16,584
    Filer's total
    $278,334

  • PETER W MILLER USN RET

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • STEVEN AUERBACH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM HICKS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • COLIN YOSHIYAMA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ALISA BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DECAPRIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANIE HORIKAMI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN ITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN MANDRACCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW ST JOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAUNA TONKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDALL C WHATTOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLTON WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE WITHERSPOON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY GRIFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL S DANNAWAY

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS G KYLE

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RODERICK J PEROFF

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD SALISBURY

    DIRECTOR OF OPERATIONS

    Total calculated
    $130,004
    From this org
    $104,931
    From related orgs
    $0
    Other
    $25,073
    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 · 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

  • UNIVERSITY OF HAWAII FOUNDATION

    $76,000

    BEGINNING IN 2024, THE UNIVERSITY OF HAWAII FOUNDATION (UHF) ADMINISTERS SCHOLARSHIPS FOR STUDENTS IN SELECT CONTINUING EDUCATION TRAINING PROGRAMS AT THE HONOLULU COMMUNITY COLLEGE. FUNDS ARE PROVIDED TO EACH FOUNDATION ANNUALLY.

  • DOLPHIN SCHOLARSHIP FOUNDATION

    $52,000

    BEGINNING WITH THE 2025/26 ACADEMIC YEAR, THE DOLPHIN SCHOLARSHIP FOUNDATION (DSF) ADMINISTERS THE USS BOWFIN MEMORIAL SCHOLARSHIP PROGRAM. THE FUNDS PROVIDED IN 2024 WILL FUND SCHOLARSHIPS FOR THE 2025/26 ACADEMIC YEAR.

  • HAWAII COMMUNITY FOUNDATION BOWFIN SCHOLARSHIPS

    $25,511

    FROM 2017 TO 2024, THE HAWAII COMMUNITY FOUNDATION (HCF) ADMINISTERED THE USS BOWFIN MEMORIAL SCHOLARSHIP PROGRAM. HCF REVIEWED AND SELECTED APPLICANTS BASED UPON CRITERIA PROVIDED BY PFSMA. THE FINAL SCHOLARSHIPS AWARDED BY HCF WERE AWARDED IN 2024.

  • HAWAII COMMUNITY FOUNDATION MAUI STRONG FUND

    $6,045

    FOLLOWING THE MAUI FIRES OF AUGUST 2023, PFSMA COLLECTED DONATIONS ON CAMPUS FROM AUGUST DECEMBER 2023 FOR THE MAUI STRONG FUND THAT IS ADMINISTERED BY THE HAWAII COMMUNITY FOUNDATION.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202531329349306648

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.