2020-07-14T20:17:57-05:00 2019-12-31 560574444 CHERRY BEKAERT LLP 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2019-01-01 521104476 US NAVY MEMORIAL FOUNDATION USNA 2023800762 701 PENNSYLVANIA AVENUE NW NO 1 WASHINGTON DC 20004 FRANK THORP IV PRESIDENT AND CEO 2023800762 2020-07-14 1 RAYMOND BARBAGALLO P00173692 3015899000 98.174.214.241 2020-07-14 14:22:10 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 88D7A88AFC1BC15DCE619246A085D52B39BEAA6C 2019 2021-01-29 14:40:06Z REAR ADM FRANK THORP IV 701 PENNSYLVANIA AVENUE NW NO 123 WASHINGTON DC 20004 5069124 0 X WWW.NAVYMEMORIAL.ORG X 1977 IL 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. 18 17 28 2 110431 98796 5099361 3978105 559041 579270 36065 29551 -125401 206854 5569066 4793780 0 0 0 0 1709146 1478541 1107187 275600 1200547 2827786 3306135 5644119 5060276 -75053 -266496 3181695 2949653 1190362 1086320 1991333 1863333 X 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 MARINES. 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. 0 0 1853962 423079 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. 653525 156191 EDUCATIONAL SERVICES - EDUCATE THE PUBLIC ABOUT THE HERITAGE OF THE UNITED STATES AS A MARITIME NATION AND THE CONTRIBUTIONS OF MEN AND WOMEN IN THE SEA SERVICES THROUGH EXHIBITS, FILM AND VIDEO PRESENTATIONS, LECTURES, TOURS, PUBLICATIONS, AND EVENTS. 532183 THE FOUNDATION HOSTS SEVERAL SPECIAL EVENTS THROUGHOUT THE YEAR TO SUPPORT ITS PROGRAM ACTIVITIES. THE EVENTS CARRIED OUT DURING 2019 INCLUDED THE FOLLOWING:1. LONE SAILOR AWARDS DINNER - RECOGNIZES THE ACCOMPLISHMENTS OF FORMER MEMBERS OF THE SEA SERVICES AND EDUCATES THE PUBLIC ON THE MISSION OF THE MEMORIAL.2. DELBERT D. BLACK AWARD DINNER - RECOGNIZES THE ACCOMPLISHMENTS OF THE OUTSTANDING COMMAND MASTER CHIEF IN THE NAVY.3. COMMEMORATIVE PLAQUE PROGRAM - PERMANENT COMMEMORATIVE PLAQUES OF SHIPS, REUNION GROUPS, HISTORICAL EVENTS, INDIVIDUALS AND FAMILIES, ETC. ON THE PLAQUE WALL WITHIN THE VISITOR CENTER.4. SAILOR OF THE YEAR - RECOGNIZES THE TOP 4 SAILORS OF THE YEAR IN THE FLEET.5. FANTAIL BREAKFASTS - BRINGS TOGETHER SENIOR NAVY LEADERSHIP TO DISCUSS CURRENT NAVY PROJECTS AND PLANS WITH INDUSTRY LEADERS.6. BRIDGE WING CHATS - BRINGS TOGETHER SENIOR NAVY LEADERS AND JUNIOR OFFICERS FOR DISCUSSIONS ON CAREER PATHS, CURRENT TOPICS AFFECTING THE NAVY, EDUCATIONAL OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT OF JUNIOR OFFICERS, ETC.7. MOVIES ON THE MEMORIAL - NAVY-THEMED MOVIES SHOWN OUTSIDE ON THE NAVY MEMORIAL PLAZA, FREE AND OPEN TO THE PUBLIC.8. STATUE PROGRAM - PAYS TRIBUTE TO ALL MEMBERS OF THE SEA SERVICES BY PLACING REPLICAS OF THE LONE SAILOR STATUE IN CITIES AROUND THE US AND ABROAD (NORMANDY, FRANCE). THE PROGRAM ALSO PLACES SMALLER BRONZE LONE SAILOR STATUES ON SHIPS BEING COMMISSIONED. 225723 144450 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. 225723 144450 3265393 1 1 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 1 36 0 1 28 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV NV X X SCOTT MATIRNE 2023800762 701 PENNSYLVANIA AVENUE NW NO 123 WASHINGTON DC 20004 ADM JOHN C HARVEY JR USN RET CHAIRMAN 1.00 X X 0 0 0 VADM CAROL M POTTENGER USN RET VICE CHAIRMAN 1.00 X X 0 0 0 MR JOHN B BURKE TREASURER 1.00 X X 0 0 0 VADM HAROLD D STARLING USN RET SECRETARY 1.00 X X 0 0 0 MR JOHN P BUSH DIRECTOR 1.00 X 0 0 0 VADM ALBERT T CHURCH USN RET DIRECTOR 1.00 X 0 0 0 MR LAWRENCE DIRITA DIRECTOR 1.00 X 0 0 0 MR FRANK B GLASSNER DIRECTOR 1.00 X 0 0 0 RADM MARK HEINRICH SC USN RET DIRECTOR 1.00 X 0 0 0 MCPON JAMES L HERDT USN RET DIRECTOR 1.00 X 0 0 0 MR MATTHEW H KIRTLAND DIRECTOR 1.00 X 0 0 0 THOMAS R KUHN DIRECTOR 1.00 X 0 0 0 DR J PHILLIP LONDON DIRECTOR 1.00 X 0 0 0 CDR WILLIAM M NEWELL SC USN RET DIRECTOR 1.00 X 0 0 0 CAPT JOSEPH L SPRUILL SC USN RET DIRECTOR 1.00 X 0 0 0 MR VICTOR S TRIONE DIRECTOR 1.00 X 0 0 0 RADM EDWARD K WALKER JR SC USN DIRECTOR 1.00 X 0 0 0 RDML FRANK THORP IV USN RET PRESIDENT/CEO 40.00 X X 204079 0 9098 MR SCOTT D MATIRNE DIRECTOR OF FINANCIAL SERV 40.00 X 107778 0 5269 MS BRENDA OSUCH COO 40.00 X 135292 0 6160 MR ROBERT PARKER DIRECTOR OF EXHIBITS, EDUC 40.00 X 121691 0 5851 568840 0 26378 4 0 1 0 NME MARKETING 1666 MASSACHUSETTS AVE STE 14 LEXINGTON MA 02420 DIRECT MAIL CONSULTING 220000 HARGROVE INC 1 HARGROVE DRIVE LANHAM MD 20706 EVENT STAGING AND PRODUCTION 127855 MK CATERING 5724 LAFAYETTE PLACE HYATTSVILLE MD 20781 EVENT CATERING 106232 3 705833 3272272 43863 3978105 VISITOR CENTER 900099 423079 423079 NAVY CEREMONY 900099 156191 156191 579270 29551 29551 1988 1988 26480 705833 173153 -146673 -146673 246641 102191 144450 144450 AFFINITY PROGRAM 900099 110431 110431 INSURANCE PROCEEDS 900099 49000 49000 TAX REFUNDS 900099 47658 47658 207089 4793780 723720 110431 -18476 467677 386694 57019 23964 836876 691963 102032 42881 28864 23866 3519 1479 23795 19675 2901 1219 121329 100320 14792 6217 4033 4033 33575 33575 275600 275600 358848 200593 158255 12002 11922 80 617663 354885 19497 243281 172589 22213 55346 95030 1005669 949251 50786 5632 20379 16316 4063 127338 124591 2747 215907 196552 18772 583 DIRECT MAIL CAMPAIGNS 469124 469124 BAD DEBTS 58196 41601 16595 EXHIBITS 57514 57514 UBI TAX 44729 44729 108569 67437 5595 35537 5060276 3265393 594336 1200547 X 913865 206222 909 706734 18451 40254 651385 299781 78481 115433 168607 108583 110846 97299 93121 72654 11473236 10560216 1047731 913020 933270 1161715 8531 7738 71272 133176 3181695 2949653 454961 241417 241242 388030 494159 456873 1190362 1086320 X 1103831 1091443 887502 771890 1991333 1863333 3181695 2949653 -266496 138496 0 X 0 1 X 1 0 X 4241526 4430378 4756840 5099361 3978105 22506210 4241526 4430378 4756840 5099361 3978105 22506210 522703 21983507 41447 41356 25355 36065 29551 173774 97839 106150 98687 101767 99796 504239 144960 121873 22145 5633 94670 389281 23573504 3784380 0.93260 0.94100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 196220 4934 8497 192657 195056 6163 4999 196220 212332 19038 36314 195056 192719 19613 212332 192719 192719 0.99000 0.01000 0 0 6623329 6290008 333321 4849907 4270208 579699 913020 DEFERRED RENT 160762 ANNUITIES PAYABLE 296111 456873 X 5207620 138496 138496 5069124 -275344 -275344 4793780 5335620 275344 275344 5060276 0 5060276 PART III, LINE 4: THE ART COLLECTION CONSISTS OF OIL PAINTINGS OF THE EIGHT US PRESIDENTS WHO EITHER SERVED IN THE US NAVY OR WERE SECRETARIES OF THE NAVY. THE FOUNDATION'S EXEMPT PURPOSE IS TO EDUCATE THE PUBLIC ABOUT MARITIME HERITAGE. THESE PAINTINGS SHOW MEN WHO WERE A PART OF THAT MARITIME HERITAGE. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS WERE ESTABLISHED FOR THE PURPOSE OF SECURING THE FOUNDATION'S LONG-TERM FINANCIAL VIABILITY AND CONTINUING TO MEET THE NEEDS OF THE FOUNDATION. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS NOT CONSIDERED A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO PAY FEDERAL AND STATE INCOME TAXES ONLY ON UNRELATED BUSINESS INCOME. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX EXEMPT STATUS AND THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -173,153. COST OF GOODS SOLD -102,191. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 173,153. COST OF GOODS SOLD 102,191. X X X 1 NNE MARKETING 1666 MASSACHUSETTS AVENUE SUITE 14 LEXINGTON MA 02420 DIRECT MAIL PROCESSING 0 1115295 220000 895295 MERKLE INC 7001 COLUMBIA GATEWAY DRIVE COLUMBIA MD 21046 DIRECT MAIL PROCESSING 0 1031946 55600 976346 2147241 275600 1871641 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV LONE SAILOR DINNER 732313 705833 26480 32000 82746 58407 732313 705833 26480 32000 82746 58407 173153 -146673 X X X X X 0 0 0 0 0 0 0 1 0 RDML FRANK THORP IV USN RET PRESIDENT/CEO 192000 0 12079 0 0 0 5760 0 3338 0 213177 0 0 0 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. X AUCTION ITEMS 31 33863 FMV X SERVICES - ENTERPRISE STRATEGIC PLAN 1 10000 FMV 0 0 0 FORM 990, PART VI THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD, VICE-CHAIRMAN, SECRETARY, TREASURER AND ALL BOARD COMMITTEE CHAIRMEN, AS WELL AS THE PRESIDENT AND CEO OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE, EACH MEMBER OF THE FINANCE AND INVESTMENT COMMITTEE IS GIVEN A COPY FOR THEIR REVIEW. ONCE THE FINANCE AND INVESTMENT COMMITTEE HAS REVIEWED THE RETURNS, THE RETURNS ARE SENT TO THE ENTIRE GOVERNING BODY, WHICH HAS THREE DAYS TO REVIEW AND SUBMIT QUESTIONS. ALL QUESTIONS ARE COLLECTIVELY ANSWERED ELECTRONICALLY PRIOR TO SUBMISSION OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE SPRING MEETING, THE BOARD AND SENIOR STAFF COMPLETE THE CONFLICT OF INTEREST STATEMENT. IT IS EMAILED OR FAXED TO THOSE NOT ATTENDING THE MEETING. WHEN RETURNED, THE STATEMENTS ARE REVIEWED BY SENIOR MANAGEMENT. SENIOR MANAGEMENT IS USUALLY AWARE OF THE CONFLICT PRIOR TO ADDING THE PERSON TO THE BOARD OR TO THE STAFF. BETWEEN SPRING BOARD MEETINGS, THE CHAIRMAN ADVISES THE DIRECTORS AND SENIOR STAFF THAT THEY ARE TO UPDATE THE CONFLICT OF INTEREST STATEMENTS IN THE EVENT OF A POSSIBLE CONFLICT OF INTEREST. IN THE EVENT OF A CONFLICT OF INTEREST, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS AT THE UNITED STATES NAVY MEMORIAL FOUNDATION IS DESIGNED TO PROVIDE COMPENSATION THAT IS AT THE MEDIAN LEVEL OF FOUNDATIONS AND ASSOCIATIONS IN THE NATIONAL CAPITAL REGION. THE LEADERSHIP TEAM AT THE UNITED STATES NAVY MEMORIAL FOUNDATION, CONSISTING OF THE PRESIDENT AND THE EXECUTIVE VICE PRESIDENT, MEET ANNUALLY TO REVIEW THE POSITION DESCRIPTIONS AND THE LEVEL OF WORK TO ENSURE THAT THE INDIVIDUALS IN THE FOUNDATION ARE EFFECTIVELY BEING COMPARED TO THEIR PEERS IN OTHER ORGANIZATIONS. DURING THE COMPENSATION REVIEW PROCESS, THE WORK PERFORMANCE OF ALL EMPLOYEES ARE REVIEWED, AND A DETERMINATION IS MADE REGARDING ANY INCREASES IN SALARY. ADDITIONALLY, A DECISION IS MADE ABOUT WHETHER ANY RAISE IS POSSIBLE BASED ON THE FOUNDATION'S FINANCIAL CONDITION. ANNUALLY, EMPLOYEES ARE REVIEWED ON THE BASIS OF PERFORMANCE. THE PERFORMANCE REVIEW DOCUMENT IS WRITTEN FOR EACH INDIVIDUAL EVALUATING THEIR PERFORMANCE AGAINST THE GOALS THAT ARE ESTABLISHED FOR THE YEAR. THE COMPENSATION COMMITTEE ALSO REVIEWS THE AGGREGATE SALARY STRUCTURE FOR THE REMAINDER OF THE EMPLOYEES TO ENSURE THAT THE AGGREGATE COMPENSATION APPEARS FAIR AND REASONABLE. THE COMPENSATION FOR THE PRESIDENT IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE TOTAL COMPENSATION POOL FOR STAFF IS ALSO REVIEWED ANNUALLY BY THIS COMMITTEE. THE PRESIDENT AND CEO'S MOST RECENT COMPENSATION REVIEW WAS HELD IN DECEMBER 2019. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC, HOWEVER THE AUDITED FINANCIAL STATEMENTS AND THE 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.