Totals
- Total revenue
- $39,786,276
- Total expenses
- $28,849,834
- Contributions and grants received
- $1,651,199
- Grants paid
- $1,756,819
- Program service revenue
- $27,750,021
- Investment income
- $5,868,837
- Other revenue
- $4,516,219
- Total assets, end of year
- $112,516,620
- Total liabilities, end of year
- $8,276,811
- Net assets or fund balances, end of year
- $104,239,809
- Program services expenses (Part IX)
- $23,053,418
- Management and general expenses
- $4,690,313
- Fundraising expenses
- $1,106,103
- Program service expenses (Part III)
- $23,053,418
Program services were 79.9% 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.
-
1c · Fundraising events
$333,500
-
1f · All other contributions, gifts and grants
$1,317,699
-
2a · Program service revenue: ADMISSIONS
total $23,186,848 · related or exempt $23,186,848
-
2b · Program service revenue: CONCESSIONS
total $3,580,855 · related or exempt $3,580,855
-
2c · Program service revenue: EDUCATION
total $449,105 · related or exempt $449,105
-
2d · Program service revenue: Membership Dues & Assessments
total $533,213 · related or exempt $533,213
-
3 · Investment income
total $1,386,228 · excluded $1,386,228
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $27,660,034
-
7b · Less cost or other basis and sales expenses
securities $23,177,425
-
7c · Gain or loss
securities $4,482,609
-
7d · Net gain or loss
total $4,482,609 · excluded $4,482,609
-
8a · Fundraising events: gross income
$122,500
-
8a · Fundraising events: contributions included on line 1c
$333,500
-
8b · Fundraising events: direct expenses
$129,902
-
8c · Net income from fundraising events
total -$7,402 · excluded -$7,402
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GROUP ACTIVITIES
total $4,455,899 · related or exempt $2,749,676 · unrelated business $1,706,223
-
11b · Other revenue: OTHER
total $67,722 · related or exempt $67,722
-
11e · Other revenue, total
$4,523,621
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,756,819 · program services $1,756,819
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $628,343 · management and general $572,511 · fundraising $55,832
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $9,751,252 · program services $7,692,007 · management and general $1,560,077 · fundraising $499,168
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,685,198 · program services $1,276,246 · management and general $330,712 · fundraising $78,240
-
10 · Payroll taxes
total $799,383 · program services $595,580 · management and general $164,230 · fundraising $39,573
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $889,541 · program services $471,400 · management and general $311,190 · fundraising $106,951
-
12 · Advertising and promotion
total $575,022 · management and general $575,022
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,026,818 · program services $1,807,031 · management and general $169,756 · fundraising $50,031
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,803,120 · program services $3,649,825 · management and general $114,971 · fundraising $38,324
-
23 · Insurance
total $197,000 · program services $177,781 · management and general $14,414 · fundraising $4,805
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $1,638,444 · program services $1,491,745 · management and general $110,058 · fundraising $36,641
-
24b · Other expenses: OTHER EXPENSES
total $1,350,964 · program services $924,032 · management and general $364,622 · fundraising $62,310
-
24c · Other expenses: SUPPLIES
total $1,013,063 · program services $895,509 · management and general $85,543 · fundraising $32,011
-
24d · Other expenses: HOSTING
total $735,026 · program services $548,631 · management and general $119,384 · fundraising $67,011
-
24e · All other expenses
total $1,999,841 · program services $1,766,812 · management and general $197,823 · fundraising $35,206
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,379,375 · end of year $5,607,722
-
2 · Savings and temporary cash investments
end of year $10,066,840
-
3 · Pledges and grants receivable
beginning of year $113,648 · end of year $93,081
-
4 · Accounts receivable
beginning of year $919,238 · end of year $1,463,121
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,670,973 · end of year $1,870,710
-
10a · Land, buildings and equipment: cost or other basis
$73,368,447
-
10b · Land, buildings and equipment: accumulated depreciation
$33,754,090
-
10c · Land, buildings and equipment, net
beginning of year $39,854,742 · end of year $39,614,357
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $46,709,731 · end of year $53,173,269
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $597,029 · end of year $627,520
-
17 · Accounts payable and accrued expenses
beginning of year $4,336,320 · end of year $3,096,526
-
18 · Grants payable
beginning of year $2,721,815 · end of year $2,680,259
-
19 · Deferred revenue
beginning of year $1,052,703 · end of year $1,563,601
-
25 · Other liabilities
beginning of year $566,327 · end of year $936,425
-
27 · Net assets without donor restrictions
beginning of year $90,588,311 · end of year $103,379,705
-
28 · Net assets with donor restrictions
beginning of year $979,260 · end of year $860,104
Mission and programs · 2023
Mission
TO PRESERVE THE HISTORIC USS MIDWAY AND THE LEGACY OF THOSE WHO SERVE, INSPIRE AND EDUCATE FUTURE GENERATIONS, AND ENTERTAIN MUSEUM GUESTS.
-
THE USS MIDWAY MUSEUM IS A DYNAMIC NONPROFIT NAVAL AVIATION MUSEUM WHOSE PROGRAM ELEMENTS INCLUDE EDUCATIONAL CURRICULUM AND CLASS VISITS FOR MORE THAN 40,000 STUDENTS ANNUALLY; AN ACTIVE SLEEPOVER PROGRAM FOR YOUTH GROUPS; ONGOING DEVELOPMENT OF NAVAL AVIATION EXHIBITS; HOSTING MORE THAN 250 PRIVATE EVENTS A YEAR; MANAGING AN ACTIVE VOLUNTEER CORPS IN EXCESS OF 850; AND PROVIDING NECESSARY PROGRAM SAFETY AND SECURITY.THE MUSEUM IS A REGIONAL RESOURCE FOR A VARIETY OF NONPROFIT ORGANIZATIONS, INCLUDING EDUCATION, AND REGULARLY HOSTS COMMUNITY, BUSINESS, AND CIVIC EVENTS. ITS VISION IS TO BE AMERICA'S LIVING SYMBOL OF FREEDOM.
Expenses $23,053,418 · Grants $1,756,819 · Revenue $30,600,932
As filed on the 2023 return.
Listed in Part VII
-
PHILIP HAMILTON
CFO
- Total calculated
- $244,142
- From this org
- $213,106
- From related orgs
- $0
- Other
- $31,036
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,106
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,500
- Nontaxable benefits
- $10,536
- Filer's total
- $244,142
-
LEONARD SANTIAGO
DIR OF ENGINEERING
- Total calculated
- $236,260
- From this org
- $205,248
- From related orgs
- $0
- Other
- $31,012
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,248
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,500
- Nontaxable benefits
- $10,512
- Filer's total
- $236,260
-
RADM JOHN MCLAUGHIN
Fmr PRES & CEO
- Total calculated
- $212,803
- From this org
- $212,803
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,803
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $212,803
-
MARK BERLIN
DIRECTOR OF OPS
- Total calculated
- $196,079
- From this org
- $165,223
- From related orgs
- $0
- Other
- $30,856
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,223
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,500
- Nontaxable benefits
- $10,356
- Filer's total
- $196,079
-
RADM TERRY KRAFT
President & CEO
- Total calculated
- $171,398
- From this org
- $170,234
- From related orgs
- $0
- Other
- $1,164
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,234
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $1,164
- Filer's total
- $171,398
-
LIANE MORTON
DIRECTOR OF HR
- Total calculated
- $169,708
- From this org
- $138,864
- From related orgs
- $0
- Other
- $30,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,864
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,500
- Nontaxable benefits
- $10,344
- Filer's total
- $169,708
-
LAURA LUDVIK
DIRECTOR OF DEV.
- Total calculated
- $166,411
- From this org
- $155,971
- From related orgs
- $0
- Other
- $10,440
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,971
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $10,440
- Filer's total
- $166,411
-
DAVID KOONTZ
DIRECTOR OF MKTG
- Total calculated
- $133,737
- From this org
- $132,801
- From related orgs
- $0
- Other
- $936
- Hours/week
- 40
-
VINCENT BENSTEAD
Director
- Total calculated
- $0
- Hours/week
- 1
-
JOHN DRISCOLL CMA
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
BOB LAWRENCE
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER NEILS ESQ
IMM Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
MADDY KILKENNY
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL LEAKE ESQ
GEN. COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
PERRY DEALY
Director
- Total calculated
- $0
- Hours/week
- 1
-
CDR MAT LUOTO
Director
- Total calculated
- $0
- Hours/week
- 1
-
JON RYAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
TED MARTINEZ JR PhD
Director
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL EARLEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
TOM FRIES
Director
- Total calculated
- $0
- Hours/week
- 1
-
SALVATORE GIAMETTA
Director
- Total calculated
- $0
- Hours/week
- 1
-
BETH KAPLAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
INGO HENTSCHEL
Director
- Total calculated
- $0
- Hours/week
- 1
-
RADM RONNE FROMAN-BLUE
Director
- Total calculated
- $0
- Hours/week
- 1
-
CAPT VERONICA ARMSTRONG-EVANS
Director
- Total calculated
- $0
- Hours/week
- 1
-
BEN CLAY
Director
- Total calculated
- $0
- Hours/week
- 1
-
CAPT TERRY MAGEE
Director
- Total calculated
- $0
- Hours/week
- 1
-
BEN MORAGA
Director
- Total calculated
- $0
- Hours/week
- 1
-
KRISTA TORQUATO
Director
- Total calculated
- $0
- Hours/week
- 1
-
DR PHA LE
Director
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT MCGAUGH
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER RUBIN
Director
- 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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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
-
$1,030,361
PROGRAM SUPPORT
-
$502,700
DONATIONS FOR SUPPORTING ORG
-
$40,000
PROGRAM SUPPORT
-
$34,482
PROGRAM SUPPORT
-
$25,500
PROGRAM SUPPORT
-
$16,778
PROGRAM SUPPORT
-
$10,250
Annual Contribution to Port SD Asso
-
$10,000
Sponsor Scholarship
-
$10,000
Branches Fishing event for vet
-
$8,250
2023 SDMAC Achievement Award
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443129349302714
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.