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Nonprofiteer
← CHALK 17 INC

Form 990 for tax year 2024

Filed by CHALK 17 INC.

Totals

Total revenue
$0
Total expenses
$2,080
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$1,516,110
Net assets or fund balances, end of year
-$1,516,110
Program services expenses (Part IX)
$0
Management and general expenses
$2,080
Fundraising expenses
$0
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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,080 · management and general $2,080

Balance sheet

Part X, book values.

  • 25 · Other liabilities

    beginning of year $1,514,030 · end of year $1,516,110

  • 27 · Net assets without donor restrictions

    beginning of year -$1,514,030 · end of year -$1,516,110

Mission and programs · 2024

Mission

FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE NATIONAL WORLD WAR II MUSEUM BY AQUIRING AND PRESERVING THE PATROL-TORPEDO (PT) BOAT, PT-305.

Activities or mission (Part I)

FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE NATIONAL WORLD (CONTINUED ON SCHEDULE O) WAR II MUSEUM BY AQUIRING AND PRESERVING THE PATROL-TORPEDO (PT) BOAT, PT-305.

  • PRESERVING THE PATROL-TORPEDO (PT) BOAT, PT-305.

As filed on the 2024 return.

Listed in Part VII

  • STEPHEN J WATSON

    PRESIDENT & CEO

    Total calculated
    $903,649
    From this org
    $0
    From related orgs
    $778,177
    Other
    $125,472
    Hours/week
    0.3 + 50.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,288 related
    Bonus
    $0 + $147,473 related
    Other
    $0 + $31,416 related
    Deferred
    $0 + $108,032 related
    Nontaxable benefits
    $0 + $17,440 related
    Filer's total
    $0 + $903,649 related

  • CATHY GREEN ROSENSTEIN

    DIRECTOR

    Total calculated
    $498,679
    From this org
    $0
    From related orgs
    $481,964
    Other
    $16,715
    Hours/week
    0.3 + 50.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,139 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $21,825 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $6,365 related
    Filer's total
    $0 + $498,679 related

  • TED WEGGELAND

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 8.4 related

  • SUZANNE MESTAYER

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 4.4 related

  • JOHN HAIRSTON

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 4.4 related

  • JIMMY MAURIN

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 4.9 related

  • PETE NOVEMBER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 4.4 related

  • REBECCA ALBRECHT MACKIE

    EXECUTIVE VP&COO(RESIGNED 7/31/23)

    Total calculated
    $356,900
    From this org
    $0
    From related orgs
    $356,900
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $356,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $356,900 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
THE MUSEUM SPONSORS A DEFERRED COMPENSATION PLAN UNDER INTERNAL REVENUE CODE SECTION 457(F) FOR THE BENEFIT OF ITS PRESIDENT & CEO, STEPHEN WATSON. DURING THE CALENDAR YEAR 2024, THE ORGANIZATION CONTRIBUTED $97,682 TO MR. WATSON'S PLAN. DURING CALENDAR YEAR ENDING 12/31/2024, REBECCA MACKIE RECEIVED SEVERANCE PAYMENTS TOTALING $356,900 AS PER THE TERMS OF HER EMPLOYMENT AGREEMENT.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349303400

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