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Nonprofiteer
← NEW JERSEY VIETNAM VETERANS MEMORIAL FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW JERSEY VIETNAM VETERANS MEMORIAL FOUNDATION INC.

Totals

Total revenue
$4,031,142
Total expenses
$1,104,441
Contributions and grants received
$3,816,763
Grants paid
$2,500
Program service revenue
$28,209
Investment income
$103,509
Other revenue
$82,661
Total assets, end of year
$6,756,825
Total liabilities, end of year
$62,816
Net assets or fund balances, end of year
$6,694,009
Program services expenses (Part IX)
$803,271
Management and general expenses
$246,790
Fundraising expenses
$54,380
Program service expenses (Part III)
$803,271

Program services were 72.7% 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

    $4,300

  • 1e · Government grants (contributions)

    $3,353,500

  • 1f · All other contributions, gifts and grants

    $458,963

  • 1g · Noncash contributions included above

    $287,241

  • 2a · Program service revenue: ADMISSION FEES

    total $28,209 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $103,307 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $80,000

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

    securities $79,798

  • 7c · Gain or loss

    securities $202

  • 7d · Net gain or loss

    total $202 · related or exempt $202 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $119,958

  • 8b · Fundraising events: direct expenses

    $52,327

  • 8c · Net income from fundraising events

    total $67,631 · unrelated business $0 · excluded $67,631

  • 10a · Gross sales of inventory

    $37,033

  • 10b · Cost of goods sold

    $22,003

  • 10c · Net income from sales of inventory

    total $15,030 · related or exempt $15,030

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $172,261 · program services $110,247 · management and general $44,788 · fundraising $17,226

  • 7 · Other salaries and wages

    total $195,008 · program services $124,805 · management and general $50,702 · fundraising $19,501

  • 8 · Pension plan contributions

    total $4,950 · program services $3,168 · management and general $1,287 · fundraising $495

  • 9 · Other employee benefits

    total $20,382 · program services $13,045 · management and general $5,299 · fundraising $2,038

  • 10 · Payroll taxes

    total $30,930 · program services $10,207 · management and general $20,104 · fundraising $619

  • 11b · Fees: legal

    total $660 · program services $429 · management and general $191 · fundraising $40

  • 11c · Fees: accounting

    total $55,751 · program services $36,238 · management and general $16,168 · fundraising $3,345

  • 12 · Advertising and promotion

    total $43,300 · program services $38,970 · management and general $2,165 · fundraising $2,165

  • 13 · Office expenses

    total $54,246 · program services $17,901 · management and general $35,260 · fundraising $1,085

  • 14 · Information technology

    total $42,671 · program services $28,163 · management and general $13,228 · fundraising $1,280

  • 16 · Occupancy

    total $90,223 · program services $69,472 · management and general $20,751 · fundraising $0

  • 17 · Travel

    total $13,641 · program services $12,413 · management and general $955 · fundraising $273

  • 22 · Depreciation, depletion and amortization

    total $114,921 · program services $97,683 · management and general $11,492 · fundraising $5,746

  • 23 · Insurance

    total $26,351 · program services $8,696 · management and general $17,128 · fundraising $527

  • 24a · Other expenses: MUSEUM & EXHIBITIONS

    total $235,981 · program services $228,902 · management and general $7,079 · fundraising $0

  • 24b · Other expenses: CONSULTANT

    total $665 · program services $432 · management and general $193 · fundraising $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,186,935 · end of year $3,747,633

  • 4 · Accounts receivable

    beginning of year $207,621 · end of year $110,018

  • 8 · Inventories for sale or use

    beginning of year $27,933 · end of year $31,824

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,986 · end of year $2,000

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

    $1,883,450

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

    $565,058

  • 10c · Land, buildings and equipment, net

    beginning of year $1,215,074 · end of year $1,318,392

  • 11 · Investments: publicly traded securities

    beginning of year $444,605 · end of year $735,296

  • 15 · Other assets

    beginning of year $868,000 · end of year $811,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,859 · end of year $48,258

  • 24 · Unsecured notes and loans payable

    beginning of year $1,987 · end of year $14,558

  • 27 · Net assets without donor restrictions

    beginning of year $2,523,565 · end of year $3,619,384

  • 28 · Net assets with donor restrictions

    beginning of year $1,343,743 · end of year $3,074,625

Mission and programs · 2024

Mission

OFFERS A MEANINGFUL & ENGAGING EXPERIENCE THAT RECONGIZES THE SACRIFICES, COURAGE & VALOR OF VIETNAM VETERANS & THAT ENCOURAGES & FOSTERS A THOROUGH UNDERSTANDING OF THE VIETNAM ERA

  • THE PRIMARY PURPOSE OF THE ORGANIZATIONS PROGRAM IS TO PROMOTE EDUCATION AND REMEMBRANCE OF THE VIETNAM WAR. THE EDUCATION CENTER AND MUSEUM ENABLES ALL VISITORS TO LEARN ABOUT THE MYRID OF FORCES THAT PRODUCED THE CONFLICT ABROAD AND THE DISSENSION AT HOME. IT COMPIMENTS THE SOLEMITY OF THE MEMORIAL WITH A DYNAMIC AND LIVELY LEARNING EENVIRONMENT. THE NEW JERSEY VIETNAM VETERANS MEMORIAL HONORS ALL THOSE WHO SERVED OUR COUNTRY AND STATE DURING THE VIETNAM WAR, ESPECIALLY THE 1,563 NEW JERSEYANS WHO DID NOT RETURN HOME.

    Expenses $803,271 · Grants $2,500 · Revenue $4,031,142

As filed on the 2024 return.

Listed in Part VII

  • Amy Osborn

    EXECTIVE DIRECTOR/TRUSTEE

    Total calculated
    $172,262
    From this org
    $172,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $172,262 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,950 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,212 related

  • Maj Gen Clark W Martin Ret

    CHAIR/ TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Warner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Assselta

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Louis Vlahakes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aura Dunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Giordano Hanlon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward O'Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Roy Budd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Luna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Scerbo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie George

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Lenchinsky

    TRUSTREE

    Total calculated
    $0
    Hours/week
    1

  • Dave Rible

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Griffies

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William C Sproule

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

None.

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
9 November 2025
IRS schema version
2024v5.2
Source object
202513469349301171

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