2024-03-25T10:15:37-05:00 2023-09-30 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-10-01 521149668 Vietnam Veterans Memorial Fund Inc VIET 2023930090 3033 Wilson Blvd 300 Arlington VA 222013843 Christopher J Knotts Chief Executive Officer 2023930090 2024-03-22 1 Christopher Knotts XXX-XX-XXXX 1 Yong Zhang CPA P01249785 7038930300 2024-03-11 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Christopher J Knotts 3033 Wilson Blvd 300 Arlington VA 222013843 15806109 0 X www.vvmf.org X 1979 DC To honor and preserve the legacy of service and educate all generations about the impact of the Vietnam War. 14 14 20 35 0 0 7369749 10722927 270000 306500 234924 91975 222425 76532 8097098 11197934 0 0 0 0 1773738 1745755 361584 361584 1689120 5195100 5154027 7330422 7261366 766676 3936568 12782016 17377888 936101 634390 11845915 16743498 X To honor and preserve the legacy of service and educate all generations about the impact of the Vietnam War. 0 0 3038068 Memorial Legacy - The Organization preserves the legacy of the memorial and promotes healing through ceremonies, activities, remembrance events and visitor engagement by the general public at the memorial. In person, online and through public service announcements, the Organization provides information about the history of the memorial and responds to questions from potential visitors. The Organization maintains a commemorative web site called The Wall of Faces, that allows families, friends and veterans to post remembrances of those whose names are inscribed on the memorial, extending the healing power and emotional impact of the wall to millions of people through the internet. 738826 325325 The Wall That Heals - The Organization promotes healing and provides education about the impact of the Vietnam War through its traveling mobile exhibit called "The Wall That Heals". The Organization exhibits a three-quarter scale replica of the Vietnam Veterans Memorial in locations throughout the United States, making it possible for millions of individuals who are unable to travel to Washington, D.C., to recognize, remember, and honor those who served and died and to experience a connection with lost comrades and loved ones. The traveling memorial also includes a Mobile Education Center. 451766 Ceremonies and Events - The Organization plans, organizes and conducts a number of ceremonies at the memorial and elsewhere to bring people together to remember and honor the men and women who served in the Vietnam War and those who died. Ceremonies are conducted each year on Memorial Day, Veterans Day, Father's Day, Mother's Day, In Memory Day and Christmas to recognize, remember and honor those who served and died as well as to bring healing to their families, their friends and our nation. 259500 Memorial maintenance - The Organization works in cooperation with the National Park Service to provide for special maintenance needs of the Vietnam Veterans Memorial in Washington, D.C., including the adjacent Three Serviceman Statue, In Memory plaque, flagpole and the three-acre site where the Vietnam Veterans Memorial is located, to maintain the site's function as a place of reflection on the Vietnam war, a place of honor, recognition and remembrance of those who served and those who died, a place of spiritual connection with lost comrades and loved ones, and a symbol of healing for our nation. In 2023, VVMF assumed maintenance responsibility for the Vietnam Women's Memorial through its partnership with the Park Service. VVMF now cares for and helps maintain the entire memorial site including the Wall, the Three Servicemen Statue, the Vietnam Women's Memorial and the In-Memory plaque. The memorial has been visited by more than 95 million people, making it one of the most visited memorials on the National Mall. This nearly 5 million people visited the Vietnam Veterans Memorial in Washington D.C. 228666 Education programs - The Organization educates students about the impact of the Vietnam War and preserves the legacy of the Vietnam Veterans Memorial through its programs related to the education of students, teachers and visitors. The Organization's education programs reach teachers and students from grades 7 to 12 as well as higher education. The Hometown Heroes education curriculum provides program information to schools and community organizations encouraging students to write biographies of men and women from their community whose names are inscribed on the memorial. VVMF created the podcast "Echoes of the Vietnam War" to capture the stories of Vietnam veterans and share them with a broad audience. As an education effort, the podcast has been downloaded more than 250,000 times. 284408 In Memory - VVMF's In Memory program honors Vietnam veterans who served, returned home, and later died, but are not eligible for inscription on the wall under Department of Defense guidelines. Examples of causes of death that fit the criteria for inclusion in the program include: exposure to Agent Orange, PTSD/suicide, cancer, diabetes, and heart attack. The In Memory program also conducts a reading of the names and In Memory events. 76018 Outreach - Outreach efforts include all activities to make people aware of VVMF various programs and activities: presentations to visitor groups, veteran groups, or students about the Vietnam War; its veterans; and the Memorial. Outreach also makes people aware of the In Memory Program, The Wall That Heals, ceremonies and other activities that take place as part of VVMF's mission. 848592 5077252 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT DC FL GA HI IL IA KS KY LA ME MD MA MI MN MS MO MT NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VA WV WI WY X X X The Organization 2023930090 3033 Wilson Blvd 300 Arlington VA 222013843 Alan Buckelew Chairman 1.00 0.00 X X 0 0 0 France Hoang Treasurer 1.00 0.00 X X 0 0 0 Sharon Bannister Director 1.00 0.00 X 0 0 0 Denis Faherty Director 1.00 0.00 X 0 0 0 David Hine Director 1.00 0.00 X 0 0 0 Miguel Howe Director 1.00 0.00 X 0 0 0 Keith June Director 1.00 0.00 X 0 0 0 Viet Luong Director 1.00 0.00 X 0 0 0 Marty Marks Director 1.00 0.00 X 0 0 0 Allen McCabe Director 1.00 0.00 X 0 0 0 Michael McMahon Director 1.00 0.00 X 0 0 0 Norman Murray Director 1.00 0.00 X 0 0 0 Michael J Nardotti Jr Director 1.00 0.00 X 0 0 0 Janis Nark Director 1.00 0.00 X 0 0 0 Jeff Punches Director 1.00 0.00 X 0 0 0 Megan Rihn Smith Director 1.00 0.00 X 0 0 0 Harry G Robinson III Director 1.00 0.00 X 0 0 0 Jim Knotts President & CEO 50.00 0.00 X 258925 0 28841 Viktoras Zikas Chief Development Officer 40.00 0.00 X 204691 0 34678 Adam Arbogast Senior Director 40.00 0.00 X 102942 0 23698 Heidi Zimmerman Vice President 40.00 0.00 X 115392 0 23044 681950 0 110261 4 0 1 0 G-W Management Services LLC 5010 Nicholson Ln Suite 200 Rockville MD 20852 Memorial Repairs 375000 RKD Group 35 Parkwood Dr Suite 160 Hopkinton MA 01748 Direct Mail Consulting 361584 EveryAction 655 15th St NW Suite 650 Washington DC 20005 Digital Media Assessment 206320 Direct Mail Processors 1150 Conrad Court Hagerstown MD 21740 Caging Services 169692 4 35895 10687032 10022 10722927 Site Fees 900099 306500 306500 306500 291348 291348 131588 131588 4295448 4493414 1407 -197966 -1407 -199373 -199373 23289 35895 104453 -81164 -81164 27726 8901 18825 18825 Other revenue 900099 7283 7283 7283 11197934 325325 0 149682 287710 196150 36350 55210 1165850 826636 97434 241780 21886 21886 164849 126348 12816 25685 105460 74448 9287 21725 19311 6755 12556 129271 129271 361584 361584 80211 80211 254139 225541 28598 12300 2050 10250 234197 126529 12401 95267 106105 100174 4085 1846 114018 95756 9144 9118 311799 287332 12905 11562 94824 94824 733339 709952 234 23153 42256 22286 15179 4791 Direct Mail 2563805 1981135 582670 Caging - Direct Mail 223746 223746 Repairs and Maintenance 188046 188046 Dues and Subscriptions 29503 8036 2965 18502 17157 5254 9672 2231 7261366 5077252 494994 1689120 X 2925389 1981135 0 944254 875106 948580 431615 557029 5205 130303 175159 196383 7212671 6170877 1772287 1041794 9069637 13910806 453007 592993 12782016 17377888 534345 266051 81610 88000 320146 280339 936101 634390 X 10059826 15211502 1786089 1531996 11845915 16743498 12782016 17377888 3936568 961015 0 X X 0 1 X 1 0 X 6087225 6233628 6355535 7369749 10722927 36769064 6087225 6233628 6355535 7369749 10722927 36769064 3662765 33106299 566032 331093 372894 422202 422936 2115157 4558102 20197 28327 6994 30572 4644192 43528413 1282141 0.76060 0.92570 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2018 Amount: $ 4,558,102. 2019 Amount: $ 20,197. 2020 Amount: $ 28,327. 2021 Amount: $ 6,994. 2022 Amount: $ 30,572. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7282083 4583486 452628 500357 11817840 7468317 591152 -361971 415415 7282083 2318653 5003750 542483 396569 7468317 2679840 361187 2318653 4068775 61522 1450457 2679840 0.75000 0.00000 0.25000 0 0 15046 9067 5979 7197625 6161810 1035815 1041794 Grants to be repaid per donor contracts 200000 Lease Liabilities - operating leases 80339 280339 X 14577624 961015 2384125 114761 3459901 11117723 80211 80211 11197934 9680041 2384125 114761 2498886 7181155 80211 80211 7261366 Part V, Line 4: The purpose of the endowment funds is to provide for the long-term sustainment of VVMF's charitable and educational mission, vision and programs, including maintenance of the memorial, education programs, and outreach. Part X, Line 2: The Fund is generally exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Fund qualifies for charitable contribution deductions and has been classified as an organization that is not a private foundation. The Fund had no unrelated business income for the years ended September 30, 2023 and 2022. Management has evaluated the Fund's tax positions and has concluded that the Fund has taken no uncertain tax positions that require adjustment to or disclosure in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 8,901. Special Event Expenses 104,453. Loss on disposal of property and equipment 1,407. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 8,901. Special Event Expenses 104,453. Loss on disposal of property and equipment 1,407. X X X X X X 1 RKD Group 35 Parkwood Drive Suite 160 Hopkinton MA 01748 Direct Mail Consulting 0 4742599 361584 4381015 4742599 361584 4381015 AL AK AZ CA CO CT DE FL GA HI ID IL IN KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY IA Gala 59184 35895 23289 90608 4598 9247 59184 35895 23289 90608 4598 9247 104453 -81164 X X 0 0 0 0 0 0 0 0 0 Jim Knotts President & CEO 222692 0 33750 0 2483 0 7851 0 20990 0 287766 0 0 0 Viktoras Zikas Chief Development Officer 185371 0 19320 0 0 0 6110 0 28568 0 239369 0 0 0 Part I, Line 3 The Executive Committee reviews, at least every two years, the employment terms and salary requirements based on salary comparison data and contemporaneous documentation of the decision is made by the committee for the President/CEO. The Executive Committee also approves salary requirements of other staff officers and key employees of the organization. The Executive Committee makes recommendations to the full Board related to executive compensation. The compensation philosophy of the board is to pay at market rate for base salary, offer competitive benefits as compared to similar nonprofits, and to reward exemplary performance with bonuses based on the annual performance review. Since 2014, the staff has been reduced by nearly half. To minimize expenses, the President and CEO assumed responsibilities for several positions that were eliminated. In addition to his primary duties, the President and CEO currently serves as Chief Operating Officer, Chief Information Officer, and overseer of the outsourced Chief Financial Officer and in-house finance staff. These efforts alone have reduced annual payroll costs by well over $300,000. Form 990, Part VI, Section B, line 11b A CPA firm prepares the Form 990 and provides a draft copy to the CEO for review and approval. The draft is then sent to the Board of Directors for review prior to the 990 being issued final. The CEO then approves the 990 for assembly and signs the final form. Form 990, Part VI, Section B, line 12c A formal process is in place to identify and review potential conflicts of interest with a required annual disclosure. Additionally, an informal process is in place whereby key employees validate any potential conflicts during the independent audit. Form 990, Part VI, Section B, line 15 The Executive Committee reviews at least every two years the employment terms and salary requirements based on salary comparison data and contemporaneous documentation of the decision is made by the committee for the President/CEO and other staff officers and key employees of the Organization as appropriate. The Executive Committee makes recommendations to the full Board related to executive compensation. The compensation philosophy of the board is to pay at market rate for base salary, offer competitive benefits as compared to similar nonprofits, and to reward exemplary performance with bonuses based on the annual performance review. Since 2014, the staff has been reduced by nearly half. To minimize expenses, the President and CEO assumed responsibilities for several position that were eliminated in addition to his primary duties. The President and CEO currently serves as Chief Operating Officer, Chief Information Officer and overseer of the outsourced Chief Financial Officer and in-house financial staff. These efforts alone have reduced annual payroll costs by well over $300,000. Form 990, Part VI, Section C, line 18 VVMF complies with section 6104 and makes its form 1023, 990 and 990-T (if applicable) available for public inspection. Form 990 and 990-T (if applicable) is available on the VVMF website, vvmf.org, on guidestar.com, and on the website of the Better Business Bureau, www.bbb.org. Form 1023 is available upon request from the VVMF office. Form 990, Part VI, Section C, line 19 All documents such as governing documents, and a copy of VVMF's financial statements are available upon request from the VVMF office. Form 990, Part XII, Line 2c The process for oversight of the Organization's audit has not changed from the prior year.