Skip to content
Nonprofiteer
← US NAVY MEMORIAL FOUNDATION

Form 990 for tax year 2022

Filed by US NAVY MEMORIAL FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 5 September 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$5,265,255
Total expenses
$5,843,410
Contributions and grants received
$4,552,110
Grants paid
$0
Program service revenue
$451,523
Investment income
$73,168
Other revenue
$188,454
Total assets, end of year
$3,653,828
Total liabilities, end of year
$2,069,822
Net assets or fund balances, end of year
$1,584,006
Program services expenses (Part IX)
$4,107,166
Management and general expenses
$532,318
Fundraising expenses
$1,203,926
Program service expenses (Part III)
$4,107,166

Program services were 70.3% 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.

  • 1f · All other contributions, gifts and grants

    $4,552,110

  • 1g · Noncash contributions included above

    $200,577

  • 2a · Program service revenue: VISITOR CENTER

    total $266,101 · related or exempt $266,101

  • 2b · Program service revenue: NAVY CEREMONY

    total $185,422 · related or exempt $185,422

  • 3 · Investment income

    total $33,637 · excluded $33,637

  • 5 · Royalties

    total $563 · excluded $563

  • 7a · Gross sales of assets other than inventory

    securities $389,165

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

    securities $349,634

  • 7c · Gain or loss

    securities $39,531

  • 7d · Net gain or loss

    total $39,531 · excluded $39,531

  • 10a · Gross sales of inventory

    $200,593

  • 10b · Cost of goods sold

    $142,451

  • 10c · Net income from sales of inventory

    total $58,142 · related or exempt $58,142

  • 11a · Other revenue: AFFINITY PROGRAM

    total $100,100 · unrelated business $100,100

  • 11d · All other revenue

    total $29,649 · excluded $29,649

  • 11e · Other revenue, total

    $129,749

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $407,510 · program services $261,631 · management and general $59,773 · fundraising $86,106

  • 7 · Other salaries and wages

    total $1,129,825 · program services $725,373 · management and general $165,722 · fundraising $238,730

  • 8 · Pension plan contributions

    total $11,210 · program services $7,197 · management and general $1,644 · fundraising $2,369

  • 9 · Other employee benefits

    total $47,484 · program services $30,486 · management and general $6,965 · fundraising $10,033

  • 10 · Payroll taxes

    total $142,828 · program services $91,699 · management and general $20,950 · fundraising $30,179

  • 11b · Fees: legal

    total $5,233 · management and general $5,233

  • 11c · Fees: accounting

    total $41,000 · management and general $41,000

  • 11e · Fees: professional fundraising services

    total $305,000 · fundraising $305,000

  • 11g · Fees: other

    total $621,344 · program services $597,047 · management and general $22,460 · fundraising $1,837

  • 12 · Advertising and promotion

    total $27,123 · program services $12,748 · management and general $10,985 · fundraising $3,390

  • 13 · Office expenses

    total $909,283 · program services $730,683 · management and general $81,404 · fundraising $97,196

  • 14 · Information technology

    total $138,339 · program services $12,896 · management and general $39,045 · fundraising $86,398

  • 16 · Occupancy

    total $1,118,676 · program services $1,030,265 · management and general $45,946 · fundraising $42,465

  • 17 · Travel

    total $30,876 · program services $20,016 · management and general $17 · fundraising $10,843

  • 19 · Conferences, conventions and meetings

    total $279,181 · program services $261,973 · management and general $8,416 · fundraising $8,792

  • 20 · Interest

    total $788 · fundraising $788

  • 22 · Depreciation, depletion and amortization

    total $229,065 · program services $206,307 · management and general $22,758

  • 24a · Other expenses: DIRECT MAIL CAMPAIGNS

    total $344,298 · program services $115,045 · management and general $0 · fundraising $229,253

  • 24b · Other expenses: UBI TAX

    total $27,529 · fundraising $27,529

  • 24c · Other expenses: LIST RENTAL EXPENSE

    total $23,018 · fundraising $23,018

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $3,800 · program services $3,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,094 · end of year $5,661

  • 2 · Savings and temporary cash investments

    beginning of year $561,730 · end of year $153,256

  • 3 · Pledges and grants receivable

    beginning of year $23,350

  • 4 · Accounts receivable

    beginning of year $147,149 · end of year $84,204

  • 8 · Inventories for sale or use

    beginning of year $95,184 · end of year $108,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,174 · end of year $84,208

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

    $12,073,593

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

    $10,827,677

  • 10c · Land, buildings and equipment, net

    beginning of year $1,069,231 · end of year $1,245,916

  • 11 · Investments: publicly traded securities

    beginning of year $1,494,422 · end of year $910,121

  • 14 · Intangible assets

    beginning of year $6,151 · end of year $5,358

  • 15 · Other assets

    beginning of year $143,470 · end of year $1,056,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $299,180 · end of year $430,407

  • 19 · Deferred revenue

    beginning of year $657,831 · end of year $322,551

  • 25 · Other liabilities

    beginning of year $350,055 · end of year $1,316,864

  • 27 · Net assets without donor restrictions

    beginning of year $1,925,515 · end of year $1,099,575

  • 28 · Net assets with donor restrictions

    beginning of year $499,374 · end of year $484,431

Mission and programs · 2022

Mission

THE NAVY MEMORIAL MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES AND THE IMPORTANT CONTRIBUTIONS MADE BY THEM WHILE SERVING IN THE UNITED STATES NAVY, MARINE CORPS, COAST GUARD AND MERCHANT MARINE. THE NAVY MEMORIAL SERVES TO EDUCATE AND INSPIRE THE AMERICAN PEOPLE ABOUT THE VITAL ROLE THAT THE SEA SERVICES PLAY IN OUR NATIONAL SECURITY AND THE RICH MARITIME HISTORY OF THE UNITED STATES.

Activities or mission (Part I)

THE US NAVY MEMORIAL'S MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE.

  • VISITOR CENTER SERVICES - THE VISITOR CENTER HONORS, RECOGNIZES, AND CELEBRATES AMERICA'S ENDURING MARITIME HERITAGE THROUGH COMMEMORATIVE CEREMONIES, REUNION MEETINGS, REENLISTMENT AND RETIREMENT CEREMONIES, BAND CONCERTS, FILM AND VIDEO PRESENTATIONS, PHOTOGRAPHIC AND DATA COLLECTIONS, SPECIAL EVENTS, AND EXHIBITS.

    Expenses $2,268,872 · Revenue $266,101

  • EDUCATIONAL SERVICES: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.

    Expenses $251,553 · Revenue $185,422

  • SPECIAL EVENTS: SEE SCHEDULE O FOR COMPLETE DESCRIPTION.

    Expenses $1,329,298

  • SALES OF MEMORABILIA TO FURTHER EDUCATE THE PUBLIC REGARDING THE ROLE OF THE NAVY AND THE CONTRIBUTIONS OF THOSE WHO HAVE SERVED THE UNITED STATES IN THE NAVY, MARINE CORPS, COAST GUARD OR MERCHANT MARINE.

    Expenses $257,443 · Revenue $58,142

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ADM JOHN C HARVEY JR USN RET

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • VADM CAROL M POTTENGER USN RET

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN B BURKE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • VADM HAROLD D STARLING USN RET

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN P BUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS JACQUELINE ARENDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR LAWRENCE DI RITA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR FRANK B GLASSNER

    DIRECTOR (RESIGNED 5/27/22)

    Total calculated
    $0
    Hours/week
    1

  • RADM MARK HEINRICH SC USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MCPON JAMES L HERDT USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR MATTHEW H KIRTLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS R KUHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CDR HARRY COKER JR USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS JO DECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAPT JOSEPH L SPRUILL USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR VICTOR S TRIONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RDML FRANK THORP IV USN RET

    PRESIDENT/CEO

    Total calculated
    $251,997
    From this org
    $245,697
    From related orgs
    $0
    Other
    $6,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $35,697
    Other
    $0
    Deferred
    $6,300
    Nontaxable benefits
    $0
    Filer's total
    $251,997

  • VADM LUKE MCCOLLUM USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RADM SAMUEL PEREZ JR USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CDR WILLIAM NEWELL USN RET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR MATTHEW PREVITS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR SCOTT D MATIRNE

    CFO

    Total calculated
    $155,513
    From this org
    $146,233
    From related orgs
    $0
    Other
    $9,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,000
    Bonus
    $15,233
    Other
    $0
    Deferred
    $3,930
    Nontaxable benefits
    $5,350
    Filer's total
    $155,513

  • MS ERIN HARROUN

    VP OF PROGRAMS & ENGAGEMENT

    Total calculated
    $143,273
    From this org
    $136,548
    From related orgs
    $0
    Other
    $6,725
    Hours/week
    40

  • VICTOR SMITH

    DIRECTOR, NAT'L CHIEF'S MESS

    Total calculated
    $116,215
    From this org
    $113,065
    From related orgs
    $0
    Other
    $3,150
    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE PRESIDENT RECEIVED A BONUS DURING THE YEAR. THIS COMES AS A RECOMMENDATION FROM THE COMPENSATION COMMITTEE AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT OF PROGRAMS AND ENGAGEMENTS AND THE DIRECTOR OF NATIONAL CHIEF'S MESS ALSO RECEIVED BONUSES DURING THE YEAR. THESE CAME AT THE DISCRETION OF THE PRESIDENT AND CEO.

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
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202322359349300632

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.