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Nonprofiteer
← USS MASSACHUSETTS MEMORIAL COMM INC

Form 990 for tax year 2022

Filed by USS MASSACHUSETTS MEMORIAL COMM INC.

Totals

Total revenue
$3,102,097
Total expenses
$2,248,765
Contributions and grants received
$1,422,376
Grants paid
$0
Program service revenue
$1,468,811
Investment income
$91,131
Other revenue
$119,779
Total assets, end of year
$12,942,745
Total liabilities, end of year
$3,164,429
Net assets or fund balances, end of year
$9,778,316
Program services expenses (Part IX)
$1,242,885
Management and general expenses
$971,600
Fundraising expenses
$34,280
Program service expenses (Part III)
$1,242,885

Program services were 55.3% 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

    $31,355

  • 1e · Government grants (contributions)

    $1,391,021

  • 2a · Program service revenue: GROSS TICKET SALES

    total $770,923 · related or exempt $770,923

  • 2b · Program service revenue: OVERNIGHT PROGRAM TUITION

    total $615,811 · related or exempt $615,811

  • 2c · Program service revenue: FOOD CONCESSION INCOME

    total $62,268 · related or exempt $62,268

  • 2d · Program service revenue: PIER & PARKING LOT LEASE

    total $16,800 · related or exempt $16,800

  • 2e · Program service revenue: OTHER INCOME

    total $3,009 · related or exempt $3,009

  • 3 · Investment income

    total $91,131 · related or exempt $91,131

  • 8a · Fundraising events: gross income

    $87,622

  • 8c · Net income from fundraising events

    total $87,622

  • 10a · Gross sales of inventory

    $448,260

  • 10b · Cost of goods sold

    $421,775

  • 10c · Net income from sales of inventory

    total $26,485 · unrelated business $26,485

  • 11a · Other revenue: OTHER REVENUE

    total $5,672 · related or exempt $5,672

  • 11e · Other revenue, total

    $5,672

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $606,449 · program services $408,068 · management and general $198,381

  • 9 · Other employee benefits

    total $55,270 · program services $27,235 · management and general $28,035

  • 10 · Payroll taxes

    total $85,079 · program services $40,838 · management and general $44,241

  • 11b · Fees: legal

    total $5,206 · management and general $5,206

  • 11c · Fees: accounting

    total $24,400 · management and general $24,400

  • 11g · Fees: other

    total $17,752 · program services $1,230 · management and general $16,522

  • 12 · Advertising and promotion

    total $40,169 · program services $40,169

  • 13 · Office expenses

    total $9,040 · management and general $9,040

  • 20 · Interest

    total $52,277 · management and general $52,277

  • 22 · Depreciation, depletion and amortization

    total $500,006 · management and general $500,006

  • 23 · Insurance

    total $146,462 · program services $140,604 · management and general $5,858

  • 24a · Other expenses: PROGRAM EXPENSE

    total $263,064 · program services $263,064

  • 24b · Other expenses: SHIP SUPPLIES & EXPENSE

    total $155,366 · program services $155,366

  • 24c · Other expenses: UTILITIES

    total $139,293 · program services $122,928 · management and general $16,365

  • 24d · Other expenses: OTHER EXPENSES

    total $34,280 · fundraising $34,280

  • 24e · All other expenses

    total $114,652 · program services $43,383 · management and general $71,269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,874,569 · end of year $1,377,114

  • 2 · Savings and temporary cash investments

    beginning of year $672,905 · end of year $100,160

  • 4 · Accounts receivable

    beginning of year $629,843 · end of year $1,211,494

  • 8 · Inventories for sale or use

    beginning of year $66,337 · end of year $157,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,601 · end of year $86,531

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

    $21,318,569

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

    $13,735,203

  • 10c · Land, buildings and equipment, net

    beginning of year $7,196,342 · end of year $7,583,366

  • 11 · Investments: publicly traded securities

    beginning of year $572,876 · end of year $654,959

  • 14 · Intangible assets

    beginning of year $30,139 · end of year $21,614

  • 15 · Other assets

    beginning of year $946,364 · end of year $1,750,299

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,572 · end of year $180,904

  • 19 · Deferred revenue

    beginning of year $826,503 · end of year $1,034,020

  • 23 · Secured mortgages and notes payable

    beginning of year $2,000,000 · end of year $1,949,505

  • 27 · Net assets without donor restrictions

    beginning of year $8,165,694 · end of year $8,836,513

  • 28 · Net assets with donor restrictions

    beginning of year $677,207 · end of year $941,803

Mission and programs · 2022

Mission

BATTLESHIP COVE IS A NON-PROFIT WAR MEMORIAL AND HISTORIC MILITARY MUSEUM WITH AN EMPHASIS ON NAVAL HERITAGE AND A DEDICATION TO HONORING THOSE WHO SERVED IN DEFENSE OF THEIR COUNTRY.

Activities or mission (Part I)

BATTLESHIP COVE IS A WAR MEMORIAL AND HISTORIC MILITARY MUSEUM.

  • ENCAMPMENT PROGRAM - CONNECTING YOUNG PEOPLE WITH VETERANS AND CHARACTER

    Expenses $1,172,948

  • TICKET SALES & SHIP STORE

    Expenses $69,937

As filed on the 2022 return.

Listed in Part VII

  • Justin Bond

    PRESIDENT

    Total calculated
    $0

  • Christopher Nardi

    TREASURER

    Total calculated
    $54,265
    From this org
    $54,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Dennis Esq

    CLERK

    Total calculated
    $0

  • Kathleen Harrington Rsm

    ASSISTANT CL

    Total calculated
    $0

  • Mary Ann Bourke Clancy Esq

    VICE PRESIDE

    Total calculated
    $0

  • Richard Angelini Esq

    VICE PRESIDE

    Total calculated
    $0

  • Derek Farias

    DIRECTOR

    Total calculated
    $0

  • John S Casey Capt Usnr Ret

    DIRECTOR

    Total calculated
    $0

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
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202400449349300515

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