2020-06-29T11:24:57-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 925 HIGHLAND POINTE DRIVE SUITE 450 ROSEVILLE CA 95678 990 2018-07-01 943226801 AIRCRAFT CARRIER HORNET FOUNDATION AIRC 5105218448 707 W HORNET AVENUE ALAMEDA CA 94501 TIM LUTZ TREASURER 5105218448 2020-06-25 1 DANIEL C BAKER P00113525 9167847800 2020-06-25 67.137.57.251 2020-06-25 18:14:18 PD P 6061443673BECB92585441CD0C50E8BF2FB4CF32 DA0EC2CCEFFA8ABCAC186BE3E03C1A9E50DBA455 2018 2021-01-29 14:40:06Z USS HORNET SEA AIR & SPACE MUSEUM TIM LUTZ 707 W HORNET AVENUE ALAMEDA CA 94501 2687368 0 X WWW.USS-HORNET.ORG X 1995 CA AIRCRAFT CARRIER HORNET FOUNDATION PRESERVES AND HONORS THE LEGACY OF THE USS HORNET 7 7 137 125 0 0 712186 560318 2080796 1826711 3424 943 185624 189445 2982030 2577417 0 0 0 0 2008677 1741162 0 0 388842 1330549 1327530 3339226 3068692 -357196 -491275 2243497 1646322 657689 551789 1585808 1094533 X THE FOUNDATION PRESERVES AND HONORS THE LEGACY OF THE USS HORNET, A NATIONAL HISTORIC LANDMARK, AND ITS ROLE IN NAVAL AVIATION, THE DEFENSE OF OUR COUNTRY, THE APOLLO PROGRAMS, AND EXPLORATION OF SPACE. THE USS HORNET MUSEUM CONNECTS THE GREATEST GENERATION OF AMERICANS WITH FUTURE GENERATIONS, EDUCATING AND INSPIRING THEM TO MEET THE CHALLENGES THEY WILL FACE IN THE DAYS TO COME. 0 0 1589566 857195 THE USS HORNET IS A VINTAGE WWII AIRCRAFT CARRIER. MAINTAINING SUCH A LARGE SHIP IN GOOD ORDER IS COSTLY. MOREOVER, THE SHIP OPERATES AS A MUSEUM, SERVING THE PUBLIC; CONSEQUENTLY, THERE ARE MANY LOCAL INSPECTIONS DESIGNED TO SECURE PUBLIC SAFETY. MAINTAINING THE SHIP/MUSEUM IS AN ONGOING PROJECT. 641058 615345 PUBLIC PROGRAMS MAINLY ENCOMPASSES THE LIVE ABOARD PROGRAM WHICH SERVES SINGLES OR GROUPS FOR OVERNIGHT STAYS ON THE SHIP, AS WELL AS BIRTHDAY PARTIES. EDUCATION PROGRAMS ARE DESIGNED FOR SCHOOL AGED CHILDREN IN ACCORDANCE WITH STEM. 264550 513266 PRIVATE EVENTS ARE USUALLY LARGE GROUP OR CORPORATE EVENTS. COMMUNITY EVENTS ARE PROGRAMS TO CAPTURE LARGE GROUPS OF VISITORS TO THE MUSEUM ON IMPORTANT HOLIDAYS SUCH AS THE 4TH OF JULY OR MEMORIAL DAY, ETC. 2495174 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 137 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 0 CA X MARK EPPERSON 5105218448 707 W HORNET AVENUE ALAMEDA CA 94501 RAY FORTNEY CHAIRMAN 3.00 X X 0 0 0 GLENN GABEL VICE-CHAIRMAN 3.00 X X 0 0 0 TIM LUTZ TREASURER 3.00 X X 0 0 0 ROBERT FISH TRUSTEE 3.00 X 0 0 0 KURT LIBBY TRUSTEE 3.00 X 0 0 0 MARGARET STEPHAN TRUSTEE 3.00 X 0 0 0 ROB MCHENRY TRUSTEE 3.00 X 0 0 0 MICHAEL MCCARRON EXECUTIVE DIRECTOR 40.00 X 105000 0 0 105000 0 0 1 0 0 0 0 79229 481089 11386 560318 ADMISSIONS, TOURS, EVE 900099 1826711 1826711 1826711 943 943 30350 0 30350 30350 30350 269046 109951 159095 159095 2577417 1985806 0 31293 87500 72625 6125 8750 1402966 1164461 98208 140297 109302 90721 7651 10930 141394 117357 9898 14139 12762 10593 893 1276 42424 35212 2970 4242 37157 30839 2602 3716 105436 92465 3706 9265 257949 211380 18735 27834 15336 13771 1271 294 84149 82479 1670 151345 125128 10547 15670 PROGRAM SUPPLIES 170221 138895 1922 29404 FOOD AND BEVERAGE 168270 163252 326 4692 COMMUNICATIONS 151536 60891 7796 82849 LICENSES, DUES, AND FEE 111462 73719 12026 25717 19483 11386 8097 3068692 2495174 184676 388842 37250 11107 200201 15316 155290 19776 393 32759 76673 37244 55754 3885634 2398555 1559123 1487079 201854 0 2243497 1646322 439539 496828 34651 54961 183499 0 657689 551789 X 1205034 832706 380774 261827 1585808 1094533 2243497 1646322 -491275 0 X 0 1 X 1 0 X 1578755 746308 447054 712186 560318 4044621 3403538 2833063 2487342 2248420 1985806 12958169 4982293 3579371 2934396 2960606 2546124 17002790 0 0 0 17002790 17599 20121 11505 21424 31293 101942 17599 20121 11505 21424 31293 101942 4999892 3599492 2945901 2982030 2577417 17104732 0.99400 0.99590 0.00600 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 2715156 1364320 1350836 1170478 1034235 136243 1487079 X 3396463 709095 109951 819046 2577417 0 2577417 3887738 709095 109951 819046 3068692 0 3068692 PART III, LINE 1A: THE UNITED STATES NAVY APPROVED THE USE OF THE SHIP AS A MUSEUM ON CONTRACT VIA THE HISTORIC SHIP DONATION PROGRAM IN 1998. DURING A NATIONAL EMERGENCY, AT THE GOVERNMENT'S REQUEST, TITLE TO THE VESSEL MAY REVERT TO THE GOVERNMENT. ACCORDINGLY, THE VALUE OF THE SHIP WAS NOT RECOGNIZED ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION HAS RESTORED A SIGNIFICANT PORTION OF THE SHIP AND COMMENCED THE OPERATION OF THE MUSEUM. THE USS HORNET AND ITS RELATED MUSEUM ARE LOCATED AT ALAMEDA POINT, CALIFORNIA. PART III, LINE 4: THE FOUNDATION MAINTAINS AND DISPLAYS COLLECTIONS AND INDIVIDUAL ITEMS OF SIGNIFICANCE, WHICH ARE NOT HELD FOR FINANCIAL GAIN, BUT RATHER ARE HELD FOR PUBLIC EXHIBITION , EDUCATION OR RESEARCH IN THE FURTHERANCE OF PUBLIC SERVICE. EXAMPLES OF HISTORICAL TREASURES INCLUDE RARE ITEMS FROM WORLD WAR II AND EARLY SPACE TRAVEL. THE PERIOD OF ECONOMIC BENEFIT OR SERVICE POTENTIAL FOR INEXHAUSTIBLE HISTORICAL TREASURES IS EXTRAORDINARILY LONG DUE TO EFFORTS OF THE FOUNDATION TO PROTECT AND PRESERVE THE ASSETS IN A MANNER GREATER THAN THAT FOR SIMILAR ASSETS WITHOUT SUCH CULTURAL, AESTHETIC OR HISTORICAL VALUE. PART X, LINE 2: THE FOUNDATION IS A QUALIFIED NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE . ACCORDINGLY , IT IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES . MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT AS OF JUNE 30, 2019, IT MAINTAINED THEIR TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE , NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS PENDING OR IN PROGRESS . PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 109,951. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 109,951. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO AND COO REVIEW THE FORM 990 BEFORE IT IS FILED . FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND APPROVE THE SALARIES OF THE CEO. THE CEO REVIEWS AND APPROVES ALL SALARIES OF SHIP STAFF . FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF GOVERNING DOCUMENT, POLICIES AND FINANCIAL STATEMENTS ARE ONLY GIVEN TO THE BOARD OF DIRECTORS TO REVIEW.