2016-05-16T10:37:41-05:00 2015-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-07-01 943226801 AIRCRAFT CARRIER HORNET FOUNDATION AIRC 5105218448 707 W HORNET AVENUE ALAMEDA CA 94501 JILL RAPPOSELLI EXECUTIVE DIRECTOR 5105218448 2016-05-06 1 ROGER BULOSAN P00221282 4155436900 2014 2016-08-17 19:52:53Z X USS HORNET SEA AIR & SPACE MUSEUM JILL RAPPOSELLI 707 W HORNET AVENUE ALAMEDA CA 94501 4999508 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. 9 8 138 139 0 0 819902 1517134 2085062 3148066 218 449 257875 190778 3163057 4856427 0 0 0 0 1373146 1805346 0 0 218711 1174159 1421008 2547305 3226354 615752 1630073 1866075 3393028 602138 499018 1263937 2894010 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 1206246 2453991 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. 380000 806082 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. 729437 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. 2315683 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 138 1 0 0 0 0 0 1 1 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 1 0 CA X MONNIE SMITH 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 ARMANDO E ZUMAYA TRUSTEE 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 CAMINO CFO 40.00 X 57200 0 0 EILEEN DESMEULES SECRETARY (NON-VOTING) 3.00 X 0 0 0 RANDELL RAMIAN CEO 40.00 X 112000 0 0 169200 0 0 1 0 0 0 0 1517134 1517134 ADMISSIONS, TOURS, & E 900099 3086445 3086445 MEMBERSHIP DUES & ASSE 900099 61621 61621 3148066 449 449 17150 0 17150 17150 17150 317093 143081 174012 174012 MISCELLANEOUS 900099 -384 -384 -384 4856427 3260073 0 79220 104858 104858 1424169 1058918 243488 121763 145936 101068 33246 11622 130383 90296 29703 10384 17774 6002 11694 78 62884 21235 41374 275 181218 61195 119231 792 4275 2007 1890 378 96890 45479 42838 8573 204484 196898 5689 1897 6924 6924 86410 77505 7235 1670 76566 73503 2297 766 FOOD & BEVERAGE EXPENSE 249146 249146 SPECIAL EVENTS 248312 248312 LICENSE, DUES, AND FEES 68124 52502 15622 ANNUAL CAMPAIGN AND APP 60513 60513 57488 31617 25871 3226354 2315683 691960 218711 117586 328649 1193287 20000 142208 91165 54763 84092 39826 3583087 2058463 1477243 1524624 95989 89671 1866075 3393028 384990 469527 202148 29491 15000 602138 499018 X 1124206 2661086 139731 232924 1263937 2894010 1866075 3393028 1630073 0 X X 0 1 X 1 0 X 209607 259423 223748 857695 1578755 3129228 1912232 2525992 2311471 2424323 3403538 12577556 2121839 2785415 2535219 3282018 4982293 15706784 0 0 0 15706784 33777 19233 17840 24418 17599 112867 33777 19233 17840 24418 17599 112867 2155616 2804648 2553059 3306436 4999892 15819651 0.99290 0.98950 0.00710 0.01050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 223158 0 0 X X 0 2550948 1074364 1476584 1032139 984099 48040 1524624 X 5737028 737520 143081 880601 4856427 0 4856427 4106955 737520 143081 880601 3226354 0 3226354 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 2011 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2010 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 143,081. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 143,081. ROBERT FISH TRUSTEE EXHIBIT X 15000 0 0 1 1 ROBERT FISH TRUSTEE 15000 EXHIBIT 0 SCHEDULE L, PART II AND PART IV THE LOAN OF $15,000 FROM MR. FISH, TRUSTEE, WAS PAID OFF IN FULL ON JUNE 29, 2015. MR. FISH WAIVED HIS RIGHT TO ANY INTEREST INCOME. 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.