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Nonprofiteer
← UDT-SEAL MUSEUM ASSOCIATION INC

Form 990 for tax year 2023

Filed by UDT-SEAL MUSEUM ASSOCIATION INC.

Totals

Total revenue
$6,787,974
Total expenses
$3,490,579
Contributions and grants received
$4,508,183
Grants paid
$0
Program service revenue
$567,066
Investment income
$211,784
Other revenue
$1,500,941
Total assets, end of year
$17,514,148
Total liabilities, end of year
$259,280
Net assets or fund balances, end of year
$17,254,868
Program services expenses (Part IX)
$2,277,634
Management and general expenses
$434,872
Fundraising expenses
$778,073
Program service expenses (Part III)
$2,277,634

Program services were 65.3% 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

    $76,505

  • 1f · All other contributions, gifts and grants

    $4,431,678

  • 2a · Program service revenue: ADMISSIONS

    total $567,066 · related or exempt $567,066

  • 3 · Investment income

    total $207,503 · excluded $207,503

  • 7a · Gross sales of assets other than inventory

    other assets $21,000

  • 7b · Less cost or other basis and sales expenses

    other assets $16,719

  • 7c · Gain or loss

    other assets $4,281

  • 7d · Net gain or loss

    total $4,281 · related or exempt $4,281

  • 8a · Fundraising events: gross income

    $2,685,150

  • 8b · Fundraising events: direct expenses

    $1,339,586

  • 8c · Net income from fundraising events

    total $1,345,564 · excluded $1,345,564

  • 10a · Gross sales of inventory

    $499,172

  • 10b · Cost of goods sold

    $343,795

  • 10c · Net income from sales of inventory

    total $155,377 · related or exempt $155,377

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,360,023 · program services $779,285 · management and general $253,067 · fundraising $327,671

  • 9 · Other employee benefits

    total $68,127 · program services $20,396 · management and general $34,918 · fundraising $12,813

  • 10 · Payroll taxes

    total $105,013 · program services $56,129 · management and general $20,755 · fundraising $28,129

  • 11g · Fees: other

    total $136,216 · program services $1,108 · management and general $41,672 · fundraising $93,436

  • 12 · Advertising and promotion

    total $256,089 · program services $1,850 · management and general $26,092 · fundraising $228,147

  • 13 · Office expenses

    total $73,865 · program services $44,817 · management and general $9,991 · fundraising $19,057

  • 17 · Travel

    total $58,352 · program services $2,079 · management and general $18,719 · fundraising $37,554

  • 22 · Depreciation, depletion and amortization

    total $290,421 · program services $290,118 · management and general $88 · fundraising $215

  • 23 · Insurance

    total $58,275 · program services $38,708 · management and general $12,261 · fundraising $7,306

  • 24a · Other expenses: SCHOLARSHIPS

    total $369,100 · program services $369,100

  • 24b · Other expenses: FAMILY SUPPORT

    total $195,182 · program services $195,182

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $158,272 · program services $158,272

  • 24d · Other expenses: UTILITIES

    total $58,119 · program services $58,119

  • 24e · All other expenses

    total $303,525 · program services $262,471 · management and general $17,309 · fundraising $23,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,611,237 · end of year $3,614,933

  • 2 · Savings and temporary cash investments

    beginning of year $1,096,633 · end of year $2,780,545

  • 3 · Pledges and grants receivable

    end of year $250,000

  • 4 · Accounts receivable

    end of year $5,392

  • 8 · Inventories for sale or use

    beginning of year $549,730 · end of year $596,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,643 · end of year $9,046

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

    $10,503,227

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

    $2,258,449

  • 10c · Land, buildings and equipment, net

    beginning of year $6,773,773 · end of year $8,244,778

  • 11 · Investments: publicly traded securities

    end of year $1,511,610

  • 15 · Other assets

    beginning of year $0 · end of year $500,894

  • 17 · Accounts payable and accrued expenses

    end of year $259,280

  • 25 · Other liabilities

    beginning of year $49,030 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,953,777 · end of year $14,391,417

  • 28 · Net assets with donor restrictions

    beginning of year $1,033,209 · end of year $2,863,451

Mission and programs · 2023

Mission

THE NATIONAL NAVY UDT-SEAL MUSEUM IS THE ONLY MUSEUM DEDICATED SOLELY TO PRESERVING THE HISTORY AND HERITAGE OF THE NAVY SEALS AND THEIR PREDECESSORS, INCLUDING NAVAL COMBAT DEMOLITION UNITS, OFFICE OF STRATEGIC SERVICES MARITIME UNITS, AMPHIBIOUS SCOUTS AND RAIDERS AND UNDERWATER DEMOLITION TEAMS. LOCATED IN FT PIERCE, FL THE BIRTHPLACE OF THE NAVY FROGMAN, THE MUSEUM PROMOTES PUBLIC EDUCATION BY PROVIDING THE OPPORTUNITY TO EXPLORE THE HISTORY OF NAVAL SPECIAL WARFARE. WE HONOR OUR FALLEN ON THE BLACK GRANITE WALLS OF THE NAVY SEAL MEMORIAL HOUSED ON THE MUSEUM GROUNDS WHILE CARING FOR OUR FAMILIES THROUGH THE TRIDENT HOUSE AND NAVY MUSEUM SCHOLARSHIP FUND.

Activities or mission (Part I)

TO PRESERVE THE HISTORY & HERITAGE OF THE NAVY SEALS AND THEIR PREDECESSORS, WHILE HONORING OR FALLEN AT THE NAVY SEAL MEMORIAL, AND CARING FOR OUR FAMILIES THROUGH THE TRIDENT HOUSE AND NAVY SEAL MUSEUM SCHOLARSHIP FUND.

  • THE MUSEUM CONTINUES TO PRESERVE AND RELATE THE HISTORY OF THE NAVY SEALS AND THEIR PREDECESSORS THROUGH THE PRESERVATION OF ARTIFACTS, THE EDUCATION OF THE ACCOMPLISHMENTS OF THESE BRAVE MEN AND WOMEN AND THE OPPORTUNITY TO EXPLORE THESE ACCOMPLISHMENTS ON SITE.

    Expenses $1,668,209

  • TRIDENT HOUSE CHARITIES ADDRESSES THE UNIQUE NEEDS OF SPECIAL OPERATIONS FAMILIES BY 1) PROVIDING SCHOLARSHIPS FROM PRESCHOOL TO COLLEGE, 2) PROVIDING CRITICAL RESPITE AND ENCOURAGING HEALING FOR SPECIAL OPERATORS AS WELL AS GOLD STAR FAMILIES AND MILITARY PERSONNEL, 3) PROVIDE A WORKING K-9 PROGRAM FOR WARRIORS WITH MOBILITY LIMITATIONS, TRAUMATIC BRAIN INJURIES, AND POST-TRAUMATIC STRESS DISORDER TO DRAMATICALLY IMPROVE THEIR QUALITY OF LIFE, AND 4) PROVIDING FAMILY SUPPORT TO ACTIVE DUTY AND VETERANS AND THEIR FAMILIES BY FILLING IN THE GAPS WHERE FEDERAL FUNDING IS NOT AVAILABLE.

    Expenses $596,006

  • CALIFORNIA EXPANSION - THE NAVY SEAL MUSEUM SAN DIEGO. BUILDING A WORLD CLASS MUSEUM TO PROMOTE PUBLIC EDUCATION BY EXPLORING THE HISTORY OF THE US NAVY SEALS AND THEIR PREDECESSORS.

    Expenses $13,419

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

Listed in Part VII

  • ELLIOT HERSHBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL KUREK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COL WILLARD B SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAPT RICK WOOLARD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • CAPT KAG CAGNONI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PHIL TAUB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE DONNELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEAN ROSARIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIPLAND HOWARD

    CA DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN MCCOMBIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSE ARTEIRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER GARVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VADM JOE MCGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JIM SHAFER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CAPT RYAN MCCOMBIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LCDR RANDY RHODES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DON MCCLURE

    CA CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • JASON BOOHER

    CA DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VADM TIM SZYMANSKI

    CA DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID WATTS

    CA DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAPT BILL WILSON

    CA VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • RICHARD A KAISER

    CEO

    Total calculated
    $235,000
    From this org
    $235,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $235,000

  • LISA FULTON

    FINANCE OFFICER

    Total calculated
    $115,558
    From this org
    $115,558
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CHARLES G MANN

    EXECUTIVE DIRECTOR

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 2 · Substantiation required before reimbursing expenses

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.1
Source object
202443549349301214

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