2017-05-12T17:14:57-05:00 2016-06-30 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-07-01 943226801 AIRCRAFT CARRIER HORNET FOUNDATION AIRC 5105218448 707 W HORNET AVENUE ALAMEDA CA 94501 JILL RAPPOSELLI EXECUTIVE DIRECTOR 5105218448 2017-05-11 1 JULIET SONG P00857784 4154326200 2015 2021-01-29 14:40:06Z USS HORNET SEA AIR & SPACE MUSEUM JILL KNOWLAND RAPPOSELLI 707 W HORNET AVENUE ALAMEDA CA 94501 3725085 0 X WWW.USS-HORNET.ORG X 1995 CA AIRCRAFT CARRIER HORNET FOUNDATION DBA USS HORNET SEA, AIR, AND SPACE MUSEUM (THE FOUNDATION), IS A NOT-FOR-PROFIT CORPORATION INCORPORATED IN 1995. THE FOUNDATION MAINTAINS THE USS HORNET, A DECOMMISSIONED UNITED STATES NAVY AIRCRAFT CARRIER WITH HISTORICAL SIGNIFICANCE, AS AN AIR, SEA, AND SPACE MUSEUM AND TO FURTHER EDUCATION ABOUT WORLD WAR II, THE KOREAN AND VIETNAM WARS, SPACE EXPLORATION AND NAVAL LIFE AMONG ITS PATRONS.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. 10 9 130 247 0 0 1517134 746308 3148066 2664987 449 621 190778 187576 4856427 3599492 0 0 0 0 1805346 1991935 0 0 360236 1421008 1653174 3226354 3645109 1630073 -45617 3393028 3273535 499018 425142 2894010 2848393 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 1637495 2132563 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. 515855 700500 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. 990220 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. 3143570 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 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 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 1 0 CA X JILL KNOWLAND RAPPOSELLI 5105218448 707 W HORNET AVENUE ALAMEDA CA 94501 JILL KNOWLAND RAPPOSELLI EXECUTIVE DIRECTOR (FROM 11/1/15) 40.00 X X 25000 0 0 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 ARMANDO E ZUMAYA TRUSTEE (TO 6/30/16) 3.00 X 0 0 0 KURT LIBBY TRUSTEE 3.00 X 0 0 0 PAUL REYFF JR 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 JOHN STANLEY CHAIRMAN (TO 12/1/15) 3.00 X X 0 0 0 RAY FORTNEY CHAIRMAN & INTERIM CEO (FROM 12/2/15) 2.00 X X 26753 0 0 ALEXANDRA HALL TRUSTEE 3.00 X 0 0 0 EILEEN DESMEULES SECRETARY (NON-VOTING) 3.00 X 0 0 0 MARIE RICCOBENE PRIVATE EVENTS DIRECTOR 40.00 X 184863 0 0 236616 0 0 1 0 1 0 0 67134 679174 746308 ADMISSIONS, TOURS, & E 900099 2664987 2664987 2664987 621 621 19500 0 19500 19500 19500 286064 125593 160471 160471 MISCELLANEOUS 900099 7605 7605 7605 3599492 2833063 0 20121 139253 112500 26753 1520026 1313174 61793 145059 174224 149696 9297 15231 158432 136126 8455 13851 265266 236365 11861 17040 255257 168203 244 86810 333670 295874 11338 26458 84236 75813 6739 1684 107287 92021 3538 11728 FOOD & BEVERAGE EXPENSE 356799 356580 180 39 ENTERTAINMENT 112257 107356 20 4881 ANNUAL CAMPAIGN AND APP 52176 18902 0 33274 LICENSE, DUES, AND FEES 50891 49910 0 981 35335 31050 1085 3200 3645109 3143570 141303 360236 328649 814452 1193287 135078 20000 20000 142208 523331 54763 36810 39826 45117 3751741 2142699 1524624 1609042 89671 89705 3393028 3273535 469527 347347 29491 77795 499018 425142 X 2661086 2605390 232924 243003 2894010 2848393 3393028 3273535 -45617 0 X X 0 1 X 1 0 X 259423 223748 857695 1578755 746308 3665929 2525992 2311471 2424323 3403538 2951051 13616375 2785415 2535219 3282018 4982293 3697359 17282304 0 0 0 17282304 19233 17840 24418 17599 20121 99211 19233 17840 24418 17599 20121 99211 2804648 2553059 3306436 4999892 3717480 17381515 0.99430 0.99290 0.00570 0.00710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 223158 0 0 X X 0 2702057 1114203 1587854 1049684 1028496 21188 1609042 X 4968911 1243826 125593 1369419 3599492 0 3599492 5014528 1243826 125593 1369419 3645109 0 3645109 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 AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THEY ARE EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND ARE NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THEY 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 NO AUDITS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 125,593. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 125,593. 0 0 0 0 0 0 0 0 0 MARIE RICCOBENE PRIVATE EVENTS DIRECTOR 40608 0 144255 0 0 0 0 0 0 0 184863 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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.