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Nonprofiteer
← USS MIDWAY MUSEUM

Form 990 for tax year 2022

Filed by USS MIDWAY MUSEUM.

Totals

Total revenue
$36,661,829
Total expenses
$31,011,005
Contributions and grants received
$8,170,005
Grants paid
$3,876,316
Program service revenue
$22,786,026
Investment income
$754,288
Other revenue
$4,951,510
Total assets, end of year
$100,244,736
Total liabilities, end of year
$8,677,165
Net assets or fund balances, end of year
$91,567,571
Program services expenses (Part IX)
$25,312,325
Management and general expenses
$4,326,754
Fundraising expenses
$1,371,926
Program service expenses (Part III)
$25,312,325

Program services were 81.6% 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

    $214,550

  • 1e · Government grants (contributions)

    $5,994,633

  • 1f · All other contributions, gifts and grants

    $1,960,822

  • 2a · Program service revenue: ADMISSIONS

    total $18,703,954 · related or exempt $18,703,954

  • 2b · Program service revenue: CONCESSIONS

    total $3,142,661 · related or exempt $3,142,661

  • 2c · Program service revenue: EDUCATION

    total $327,011 · related or exempt $327,011

  • 2d · Program service revenue: Membership Dues & Assessments

    total $612,400 · related or exempt $612,400

  • 3 · Investment income

    total $807,002 · excluded $807,002

  • 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 $10,784,212

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

    securities $10,836,926

  • 7c · Gain or loss

    securities -$52,714

  • 7d · Net gain or loss

    total -$52,714 · excluded -$52,714

  • 8a · Fundraising events: gross income

    $176,520

  • 8a · Fundraising events: contributions included on line 1c

    $214,550

  • 8b · Fundraising events: direct expenses

    $136,751

  • 8c · Net income from fundraising events

    total $39,769 · excluded $39,769

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: GROUP ACTIVITIES

    total $4,815,517 · related or exempt $1,976,431 · unrelated business $2,839,086

  • 11b · Other revenue: OTHER

    total $96,224 · related or exempt $96,224

  • 11e · Other revenue, total

    $4,911,741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,876,316 · program services $3,876,316

  • 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 $615,158 · program services $444,911 · management and general $125,481 · fundraising $44,766

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,932,410 · program services $5,736,763 · management and general $1,611,508 · fundraising $584,139

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,579,462 · program services $1,143,438 · management and general $344,025 · fundraising $91,999

  • 10 · Payroll taxes

    total $653,511 · program services $468,791 · management and general $136,120 · fundraising $48,600

  • 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 $692,157 · program services $294,532 · management and general $319,179 · fundraising $78,446

  • 12 · Advertising and promotion

    total $582,275 · program services $17,958 · management and general $564,317

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,806,215 · program services $1,605,165 · management and general $156,294 · fundraising $44,756

  • 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 $3,730,697 · program services $3,583,899 · management and general $110,099 · fundraising $36,699

  • 23 · Insurance

    total $164,900 · program services $148,812 · management and general $12,066 · fundraising $4,022

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $4,776,473 · program services $4,315,712 · management and general $345,998 · fundraising $114,763

  • 24b · Other expenses: OTHER EXPENSES

    total $1,125,493 · program services $821,694 · management and general $265,561 · fundraising $38,238

  • 24c · Other expenses: SUPPLIES

    total $941,625 · program services $831,838 · management and general $80,694 · fundraising $29,093

  • 24d · Other expenses: HOSTING

    total $690,141 · program services $465,367 · management and general $94,965 · fundraising $129,809

  • 24e · All other expenses

    total $1,844,172 · program services $1,557,129 · management and general $160,447 · fundraising $126,596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,902,386 · end of year $10,379,375

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $133,237 · end of year $113,648

  • 4 · Accounts receivable

    beginning of year $447,376 · end of year $919,238

  • 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 $1,784,422 · end of year $1,670,973

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

    $69,805,711

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

    $29,950,969

  • 10c · Land, buildings and equipment, net

    beginning of year $41,802,770 · end of year $39,854,742

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $46,020,182 · end of year $46,709,731

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,505,737 · end of year $597,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,017,911 · end of year $4,336,320

  • 18 · Grants payable

    end of year $2,721,815

  • 19 · Deferred revenue

    beginning of year $1,021,181 · end of year $1,052,703

  • 25 · Other liabilities

    beginning of year $6,522,817 · end of year $566,327

  • 27 · Net assets without donor restrictions

    beginning of year $94,882,070 · end of year $90,588,311

  • 28 · Net assets with donor restrictions

    beginning of year $1,152,131 · end of year $979,260

Mission and programs · 2022

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 50,000 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 $25,312,325 · Grants $3,876,316 · Revenue $24,858,681

As filed on the 2022 return.

Listed in Part VII

  • Radm John McLaughin

    President & CEO

    Total calculated
    $385,053
    From this org
    $381,995
    From related orgs
    $0
    Other
    $3,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,995
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $3,058
    Filer's total
    $385,053

  • Philip Hamilton

    CFO

    Total calculated
    $230,105
    From this org
    $198,436
    From related orgs
    $0
    Other
    $31,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,436
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $11,169
    Filer's total
    $230,105

  • Leonard Santiago

    DIR OF ENGINEERING

    Total calculated
    $223,862
    From this org
    $192,236
    From related orgs
    $0
    Other
    $31,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,236
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $11,126
    Filer's total
    $223,862

  • Mark Belin

    DIRECTOR OF OPS

    Total calculated
    $185,628
    From this org
    $154,268
    From related orgs
    $0
    Other
    $31,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,268
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $10,860
    Filer's total
    $185,628

  • Sara Hanscom

    DIRECTOR OF ED.

    Total calculated
    $181,635
    From this org
    $150,303
    From related orgs
    $0
    Other
    $31,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,303
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $10,832
    Filer's total
    $181,635

  • Laura Ludvik

    DIRECTOR OF DEV.

    Total calculated
    $157,263
    From this org
    $146,458
    From related orgs
    $0
    Other
    $10,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,458
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $10,805
    Filer's total
    $157,263

  • Liane Morton

    DIRECTOR OF HR

    Total calculated
    $155,233
    From this org
    $124,085
    From related orgs
    $0
    Other
    $31,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,085
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $10,648
    Filer's total
    $155,233

  • Vincent Benstead

    IMM Past Chair

    Total calculated
    $0
    Hours/week
    1

  • John Driscoll Cma

    V.C & Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Bob Lawrence

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Christopher Neils Esq

    Chairman

    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

  • Jeff Berg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Glenn Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Cox EdD

    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

    FDN BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Trudi Lang

    Director

    Total calculated
    $0
    Hours/week
    1

  • Capt Terry Magee Usn

    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

    Director

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202343079349303364

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