Totals
- Total revenue
- $4,791,887
- Total expenses
- $656,771
- Contributions and grants received
- $3,854,991
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $930,139
- Other revenue
- $6,757
- Total assets, end of year
- $35,391,848
- Total liabilities, end of year
- $2,138,110
- Net assets or fund balances, end of year
- $33,253,738
- Program services expenses (Part IX)
- $444,973
- Management and general expenses
- $80,545
- Fundraising expenses
- $131,253
- Program service expenses (Part III)
- $444,973
Program services were 67.8% 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
$47,470
-
1e · Government grants (contributions)
$2,753,651
-
1f · All other contributions, gifts and grants
$1,053,870
-
3 · Investment income
total $986,423 · excluded $986,423
-
7b · Less cost or other basis and sales expenses
other assets $56,284
-
7c · Gain or loss
other assets -$56,284
-
7d · Net gain or loss
total -$56,284 · excluded -$56,284
-
8a · Fundraising events: gross income
$20,250
-
8b · Fundraising events: direct expenses
$13,493
-
8c · Net income from fundraising events
total $6,757 · excluded $6,757
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $356,754 · program services $274,701 · management and general $28,540 · fundraising $53,513
-
10 · Payroll taxes
total $49,318 · program services $16,768 · management and general $13,809 · fundraising $18,741
-
11a · Fees: management
total $28,039 · program services $28,039
-
11b · Fees: legal
total $5,000 · program services $5,000
-
11c · Fees: accounting
total $8,425 · program services $8,425
-
12 · Advertising and promotion
total $35,753 · program services $16,089 · fundraising $19,664
-
13 · Office expenses
total $15,642 · program services $11,732 · management and general $3,128 · fundraising $782
-
14 · Information technology
total $49,720 · program services $36,793 · management and general $10,938 · fundraising $1,989
-
16 · Occupancy
total $1,965 · program services $983 · management and general $884 · fundraising $98
-
23 · Insurance
total $46,788 · program services $23,394 · management and general $15,908 · fundraising $7,486
-
24a · Other expenses: DONOR STEWARDSHIP
total $21,006 · fundraising $21,006
-
24b · Other expenses: PROGRAM EXPENSE
total $20,306 · program services $19,291 · management and general $1,015
-
24c · Other expenses: TAXES, LICENSES, PERMIT
total $6,491 · management and general $1,623 · fundraising $4,868
-
24d · Other expenses: OTHER EXPENSES
total $5,005 · program services $3,252 · management and general $502 · fundraising $1,251
-
24e · All other expenses
total $6,559 · program services $506 · management and general $4,198 · fundraising $1,855
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,410 · end of year $215,840
-
2 · Savings and temporary cash investments
beginning of year $26,799,678 · end of year $9,223,835
-
3 · Pledges and grants receivable
beginning of year $316,967 · end of year $577,293
-
4 · Accounts receivable
beginning of year $0 · end of year $268,722
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $148,594
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $56,284 · end of year $0
-
15 · Other assets
beginning of year $5,565,354 · end of year $24,957,564
-
17 · Accounts payable and accrued expenses
beginning of year $535,924 · end of year $1,821,034
-
19 · Deferred revenue
beginning of year $2,753,651 · end of year $0
-
25 · Other liabilities
beginning of year $311,345 · end of year $317,076
-
27 · Net assets without donor restrictions
beginning of year $5,547,796 · end of year $24,610,636
-
28 · Net assets with donor restrictions
beginning of year $23,747,977 · end of year $8,643,102
Mission and programs · 2024
Mission
CAROLINA MUSEUM OF THE MARINE IS BUILDING A 25,000 SQUARE FOOT FACILITY HONORING THE LEGACY OF CAROLINA MARINES AND SAILORS AND TO INSPIRE FUTURE GENERATIONS.
-
IN MAY OF 2016, PHASE 1 OF THE MUSEUM, A REFLECTION AND CELEBRATION PARK, WAS COMPLETED AND OPENED TO THE PUBLIC. THE PARK FEATURES THE WORLD'S LARGEST EAGLE GLOBE AND ANCHOR SCULPTURE STANDING 13 FEET HIGH WITH AN 11 FOOT WINGSPAN AND WEIGHING 2,500 POUNDS SLATED WITHIN A REFLECTION POOL SURROUNDED BY BEAUTIFULLY LANDSCAPED GROUNDS, LIGHTED WALKWAYS CONTAINING MEMORIAL BRICKS, FIVE ILLUMINATED FLAGPOLES, A CONTOURED FOOT BRIDGE AND AMPLE PARKING. THE PARK IS SITUATED AMONG OTHER MEMORIALS IN THE LEJEUNE MEMORIAL GARDENS IN JACKSONVILLE, NORTH CAROLINA. THE PARK IS OPEN TO THE PUBLIC FREE OF CHARGE. SINCE ITS OPENING, THE PARK HAS BECOME THE VENUE FOR A NUMBER OF RETIREMENT AND PROMOTION CEREMONIES. IN JANUARY 2018, THE FACILITY WAS GIFTED TO THE NAVY AND IS CURRENTLY MAINTAINED BY THEM. THE MUSEUM HAS CONTINUED ITS COMMEMORATIVE BRICK PROGRAM AND STILL ASSISTS WITH THE MAINTENANCE OF THE PARK FACILITY. DEVELOPMENT IS UNDER WAY TO ESTABLISH EDUCATIONAL ACTIVITIES ALONG WITH THE MUSEUM. THE STUDENT BASE WOULD INCLUDE BOTH YOUNG AS WELL AS MATURE ADULTS EAGER TO LEARN THE VALUE OF STRONG LEADERSHIP, QUALITY VALUES AND EFFECTIVE DECISION MAKING CAPABILITIES. PILOT PROGRAMS ARE CURRENTLY BEING EXECUTED.
Expenses $444,973
-
THE MUSEUM CONTINUES TO MAINTAIN AN INVENTORY OF ARTIFACTS CURRENTLY HELD IN STORAGE IN CLIMATE CONTROLLED WAREHOUSE FACILITIES. DEVELOPMENT IS UNDER WAY TO ESTABLISH EDUCATIONAL ACTIVITIES ALONG WITH THE MUSEUM. THE STUDENT BASE WOULD INCLUDE BOTH YOUNG AS WELL AS MATURE ADULTS EAGER TO LEARN THE VALUE OF STRONG LEADERSHIP, QUALITY VALUES AND EFFECTIVE DECISION MAKING CAPABILITIES. PILOT PROGRAMS HAVE BEEN SUCCESSFULLY EXECUTED AND ADDITIONAL PROGRAMS HAVE BEEN PLANNED. THE COST OF THESE SERVICES IS INCLUDED IN THE AMOUNT SHOWN FOR THE FIRST ACCOMPLISHMENT AND INCLUDES ALL ACTIVITIES FOR THE FISCAL YEAR.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ltgen Ret Mark FaulknerLTGEN RET MARK FAULKNER
BOARD MEMBER, CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Col Ret Bob LoveCOL RET BOB LOVE
BOARD MEMBER, VICE CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Capt Ret Pat AlfordCAPT RET PAT ALFORD
BOARD MEMBER, TREASURER
- Total calculated
- $0
- Hours/week
- 20
-
Mark CramerMARK CRAMER
BOARD MEMBER, SECRETARY
- Total calculated
- $0
- Hours/week
- 20
-
Majgen Ret Jim KesslerMAJGEN RET JIM KESSLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 20
-
Col Ret Grant SparksCOL RET GRANT SPARKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 20
-
Col Ret Joe AtkinsCOL RET JOE ATKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 20
-
Mike BogdahnMIKE BOGDAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Keith ByrdKEITH BYRD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Mgysgt Ret Osceola EllissMGYSGT RET OSCEOLA ELLISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Col Ret George AyersCOL RET GEORGE AYERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Col Ret Bruce GombarCOL RET BRUCE GOMBAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank GuidaraFRANK GUIDARA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Ltcol Ret Lynn KimballLTCOL RET LYNN KIMBALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
Cwo4 Ret Richard McIntoshCWO4 RET RICHARD MCINTOSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ltgen Ret Gary McKissockLTGEN RET GARY MCKISSOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 20
-
Sandra PerezSANDRA PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Robert SanderROBERT SANDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Billy SewellBILLY SEWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Col Ret John SollisCOL RET JOHN SOLLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Majgen Ret Joe ShraderMAJGEN RET JOE SHRADER
BOARD MEMBER-PRESIDENT/CEO
- Total calculated
- $45,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ashley DanielsonASHLEY DANIELSON
VP OF DEVELOPMENT
- Total calculated
- $131,329
- From this org
- $131,329
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sgtmaj Ret Steven LunsfordSGTMAJ RET STEVEN LUNSFORD
VP OF OPERATIONS
- Total calculated
- $80,108
- From this org
- $80,108
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lisa PottsLISA POTTS
CURATOR
- Total calculated
- $61,761
- From this org
- $61,761
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bgen Ret Kevin StewartBGEN RET KEVIN STEWART
BOARD MEMBER- FORMER PRESIDENT/CEO
- Total calculated
- $147,600
- From this org
- $147,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,600
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $147,600
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 · Written employment contract
- 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
- 26 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611809349300021
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