Form 990 for tax year 2023

Filed by LT MICHAEL P MURPHY NAVY SEAL MUSEUM.

Totals

Total revenue: $632,259
Total expenses: $781,835
Contributions and grants received: $634,388
Grants paid: $17,500
Program service revenue: $84,390
Investment income: $25
Other revenue: -$86,544
Total assets, end of year: $3,244,880
Total liabilities, end of year: $451,589
Net assets or fund balances, end of year: $2,793,291
Program services expenses (Part IX): $588,341
Management and general expenses: $192,694
Fundraising expenses: $800
Program service expenses (Part III): $588,341

Program services were 75.3% 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

$27,775
1c · Fundraising events

$226,870
1d · Related organizations

$17,500
1f · All other contributions, gifts and grants

$362,243
2a · Program service revenue: ADMISSIONS

total $84,390 · related or exempt $84,390
3 · Investment income

total $25 · excluded $25
8a · Fundraising events: gross income

$77,160
8a · Fundraising events: contributions included on line 1c

$226,870
8b · Fundraising events: direct expenses

$163,704
8c · Net income from fundraising events

total -$86,544 · excluded -$86,544

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $17,500 · program services $17,500
5 · Compensation of officers, directors and key employees

total $125,000 · management and general $125,000
7 · Other salaries and wages

total $74,283 · program services $74,283
10 · Payroll taxes

total $35,924 · program services $13,391 · management and general $22,533
11c · Fees: accounting

total $40,118 · management and general $40,118
12 · Advertising and promotion

total $23,000 · program services $23,000
13 · Office expenses

total $40,296 · program services $39,991 · management and general $305
16 · Occupancy

total $48,246 · program services $48,246
17 · Travel

total $4,043 · program services $4,043
20 · Interest

total $7,301 · program services $7,301
22 · Depreciation, depletion and amortization

total $219,253 · program services $219,253
23 · Insurance

total $41,092 · program services $37,214 · management and general $3,878
24a · Other expenses: MERCHANDISE PRODUCTION

total $64,458 · program services $64,458
24b · Other expenses: MAINTENANCE EXPENSE

total $39,661 · program services $39,661
24e · All other expenses

total $1,660 · management and general $860 · fundraising $800

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $120,983 · end of year $100,380
2 · Savings and temporary cash investments

beginning of year $50,038 · end of year $50,063
4 · Accounts receivable

beginning of year $7,892 · end of year $3,750
9 · Prepaid expenses and deferred charges

beginning of year $700 · end of year $1,700
10a · Land, buildings and equipment: cost or other basis

$3,381,635
10b · Land, buildings and equipment: accumulated depreciation

$325,230
10c · Land, buildings and equipment, net

beginning of year $3,202,647 · end of year $3,056,405
15 · Other assets

beginning of year $11,236 · end of year $32,582
17 · Accounts payable and accrued expenses

beginning of year $729 · end of year $1,689
22 · Loans and payables to officers and key people

beginning of year $300,000 · end of year $300,000
24 · Unsecured notes and loans payable

beginning of year $149,900 · end of year $149,900
27 · Net assets without donor restrictions

beginning of year $2,942,867 · end of year $2,793,291

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE LEGACY OF NAVY SEALS AND TO PRESERVE THE LEGACY OF LT MICHAEL MURPHY AND TO CONTRIBUTE TO THE SUPPORT OF LOCAL NAVAL SEA CADETS.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO PRESERVE THE LEGACY OF NAVY SEALS AND TO PERSEVE THE LEGACY OF LT MICHAEL MURPHY AND TO CONTRIBUTE TO THE SUPPORT OF LOCAL NAVAL SEA CADETS.

THE LT MICHAEL P. MURPHY NAVY SEAL MUSEUM & SEA CADET TRAINING FACILITY IS A DUAL PURPOSE BUILDING SERVING AS BOTH A NAVY MUSEUM AND A TRAINING FACILITY FOR 11 17 YEAR OLD SEA CADETS, BOTH GIRLS AND BOYS TO BE BETTER CITIZENS. THE MUSEUM ITSELF HAS 7 EXHIBITION HALLS PROMOTING THE BRAVERY, LEGACY AND STORIES OF OUR NAVY SPECIAL WARFARE HEROES FROM WORLD WAR 2 THROUGH THE WAR ON TERROR ALONG WITH A MEMORIAL WALL AND SEAL TRAINING EXHIBITION HALL. THESE AREAS BRING TO THE PUBLIC'S ATTENTION THE EXPLOITS OF THESE TRULY EXCEPTIONAL MEN THROUGH MOVIES, VIDEOS, ARTIFACTS AND HANDS ON "STATE OF THE ART" COMPUTER DISPLAYS OF EACH ERA IN THE UNDERWATER DEMOLITION TEAMS AND NAVY SEAL HISTORY. (CONT'D. ON SCHEDULE O) THE PUBLIC AND VISITORS WILL BE ABLE TO GRASP, COMPREHEND AND UNDERSTAND THE SACRIFICES MADE BY THESE EXTRAORDINARY SAILORS IN PROTECTING THIS COUNTRY. THE MUSEUM ALLOWS THE PUBLIC TO NOTE THE COST OF FREEDOM IN THE LIVES LOST AS WELL AS THE OPERATIONAL STORIES OF THE VARIOUS PERIODS IN NAVAL HISTORY. THE ADJOINING SEA CADET TRAINING FACILITY ACTS AS BOTH AN EVENT SPACE AND TRAINING FACILITY FOR THE LT MICHAEL P. MURPHY SEA CADET DIVISION AND TEACHES LEADERSHIP SKILLS AND CITIZENRY TO OUR YOUNGER GENERATIONS, SOME OF WHOM MAY SEEK TO JOIN THE MILITARY AND SERVE THIS NATION. THIS FACILITY OFFERS CLASSROOM WORK, NAVAL HISTORY AND PHYSICAL EXERCISES TO PROMOTE STRONG MINDS AND BODIES.

Expenses $588,341 · Grants $17,500 · Revenue $84,390

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

John D MurphyJOHN D MURPHY

PRESIDENT

Total calculated

$0

Hours/week

1
Bryan MastrangeloBRYAN MASTRANGELO

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Sharon McKennaSHARON MCKENNA

SECRETARY

Total calculated

$0

Hours/week

1
Laura RacioppiLAURA RACIOPPI

TREASURER

Total calculated

$0

Hours/week

1
Robert AgostinelliROBERT AGOSTINELLI

TRUSTEE

Total calculated

$0

Hours/week

1
Jamie AtkinsonJAMIE ATKINSON

TRUSTEE

Total calculated

$0

Hours/week

1
Dr James BertschDR JAMES BERTSCH

TRUSTEE

Total calculated

$0

Hours/week

1
Jeffrey ButlerJEFFREY BUTLER

TRUSTEE

Total calculated

$0

Hours/week

1
Judge Pierce Fox CohalanJUDGE PIERCE FOX COHALAN

TRUSTEE

Total calculated

$0

Hours/week

1
William J Lindsay IIIWILLIAM J LINDSAY III

TRUSTEE

Total calculated

$0

Hours/week

1
Christopher MalloryCHRISTOPHER MALLORY

TRUSTEE

Total calculated

$0

Hours/week

1
Daniel J MurphyDANIEL J MURPHY

TRUSTEE

Total calculated

$0

Hours/week

1
Maureen T MurphyMAUREEN T MURPHY

TRUSTEE

Total calculated

$0

Hours/week

1
Thomas RonayneTHOMAS RONAYNE

TRUSTEE

Total calculated

$0

Hours/week

1
Bret SearsBRET SEARS

TRUSTEE

Total calculated

$0

Hours/week

1
Christopher WyllieCHRISTOPHER WYLLIE

EXECUTIVE DIRECTOR

Total calculated

$125,000

From this org

$125,000

From related orgs

$0

Other

$0

Hours/week

35

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: 13 November 2024
IRS schema version: 2023v5.1
Source object: 202433199349300133

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