2018-05-09T12:27:21-05:00 2017-06-30 111986323 Marcum LLP 1 Montgomery Street Suite 1700 San Francisco CA 94104 990 2016-07-01 943226801 Aircraft Carrier Hornet Foundation AIRC 5105218448 707 W Hornet Avenue Alameda CA 94501 Michael McCarron Executive Director 5105218448 2018-05-07 1 JULIET SONG P00857784 4154326200 2016 2022-09-23 18:48:47Z uss hornet sea air & space museum Michael mccarron 707 w hornet avenue Alameda CA 94501 3078768 0 X www.USS-Hornet.org X 1995 CA Aircraft Carrier Hornet 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. 8 8 130 120 0 0 746308 447054 2664987 2322273 621 1605 187576 174969 3599492 2945901 0 0 0 0 1991935 2289445 0 0 496742 1653174 1561845 3645109 3851290 -45617 -905389 3273535 2451759 425142 508755 2848393 1943004 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 Program and exploration of space. The USS Hornet Museum connects the greatest generation of Americans with future generations, educating and inspiring them to meet their challenges. 0 0 1705520 1872325 Live Aboard is for single or group overnight stays on the ship as well as birthday parties and weddings/receptions; Private Events are usually large group or corporate events; Education programs are designed for school age children in accordance with STEM (science, technology, engineering, math); USS Hornet 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. 537285 615017 General Administation relates to operations staff who work to keep the museum in good running order. The museum also has a museum store which sells various memorabilia to the USS Hornet's visitors. 1031355 The USS Hornet is a vintage WW II 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 on-going project. 3274160 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 1 0 CA X Michael McCarron 5105218448 707 W Hornet Avenue Alameda CA 94501 Glenn Gabel Vice-Chairman 3.00 X X 0 0 0 Duane Doyle TRUSTEE 3.00 X 0 0 0 KENNETH G WINANS TRUSTEE 3.00 X 0 0 0 KURT LIBBY TRUSTEE 3.00 X 0 0 0 ROBERT FISH TRUSTEE 3.00 X 0 0 0 TIMOTHY LUTZ TREASURER 3.00 X X 0 0 0 Ray Fortney CHAIRMAN & CEO 2.00 X X 0 0 0 Alexandra Hall Trustee 3.00 X 0 0 0 Jill Knowland Rapposelli Executive Director (to 9/30/17 40.00 X 175000 0 0 Eileen DesMeules SECRETARY (non-voting) 3.00 X 0 0 0 MICHAEL MCCARRON EXecutive Director (FR 10/1/17 40.00 X 0 0 0 175000 0 0 1 0 1 0 0 58467 388587 447054 Admissions, tours, & e 900099 2322273 2322273 2322273 1605 1605 9900 0 9900 9900 9900 283305 132867 150438 150438 Miscellaneous 900099 14631 14631 14631 2945901 2487342 0 11505 162500 138911 3876 19713 1829201 1563672 43629 221900 134317 114819 3204 16294 163427 139704 3898 19825 160281 132509 14807 12965 255468 238029 3781 13658 302405 270070 5313 27022 22651 14703 7948 82495 80780 1715 154136 133807 1813 18516 fOOD SERVICE 329632 329329 303 COMMUNICATION 117917 17536 100381 LICENSE, DUES, AND FEES 62792 61936 856 ANNUAL CAMPAIGN AND APP 29921 29921 44147 38355 67 5725 3851290 3274160 80388 496742 814452 62445 135078 475862 20000 10000 523331 28423 36810 37469 45117 62747 3799598 2225194 1609042 1574404 89705 200409 3273535 2451759 347347 318466 77795 60033 130256 425142 508755 X 2605390 1927931 243003 15073 2848393 1943004 3273535 2451759 -905389 0 X X 0 1 X 1 0 X 223748 857695 1578755 746308 447054 3853560 2311471 2424323 3403538 2951051 2605578 13695961 2535219 3282018 4982293 3697359 3052632 17549521 0 0 0 17549521 17840 24418 17599 20121 11505 91483 17840 24418 17599 20121 11505 91483 2553059 3306436 4999892 3717480 3064137 17641004 0.99480 0.99430 0.00520 0.00570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 223158 X X 0 2710461 1242498 1467963 1089137 982696 106441 1574404 Cash held for long-term use 200409 200409 X 4425574 1346806 132867 1479673 2945901 0 2945901 5330963 1346806 132867 1479673 3851290 0 3851290 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 its present site 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 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, 2017, 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 132,867. Part XII, Line 2d - Other Adjustments: cost of goods sold 132,867. 0 0 0 0 0 0 0 0 0 Jill Knowland Rapposelli Executive Director (to 9/30/17 150000 0 25000 0 0 0 0 0 0 0 175000 0 0 0 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 15b 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. Form 990, Part XII, Line 2c: No change from prior year.