2011-06-30T14:06:00-05:00 2010-12-31 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2010-01-01 521104476 UNITED STATES NAVY MEMORIAL FOUNDATION USN 2027372300 701 PENNSYLVANIA AVENUE NW NO 123 WASHINGTON DC 20004 EDWARD K WALKER JR 2027372300 2011-06-30 1 JOYCE M UNDERWOOD 3016544900 2010 2016-02-24 21:20:13Z EDWARD K WALKER JR 701 PENNSYLVANIA AVENUE NW NO 123 WASHINGTON DC 20004 5496717 0 X WWW.NAVYMEMORIAL.ORG X 1977 IL THE EDUCATION OF THE PUBLIC ABOUT U S NAVAL HERITAGE. 28 27 32 12 0 0 4230480 4639817 324258 279011 226827 23717 -14571 -60768 4766994 4881777 0 0 0 0 1502718 1395387 241813 238000 1876472 3502474 3624873 5247005 5258260 -480011 -376483 3323216 2980563 1205720 1191705 2117496 1788858 X THE EDUCATION OF THE GENERAL PUBLIC REGARDING THE CULTURAL HERITAGE OF THE UNITED STATES AND THE CONTRIBUTIONS OF UNITED STATES NAVY, MARINE CORPS, COAST GUARD AND MERCHANT MARINE PERSONNEL TO THE CULTURAL HERITAGE. 0 0 2083697 279011 NAVAL HERITAGE SERVICES - HONORS, PRESERVES, AND CELEBRATES AMERICA'S ENDURING NAVAL HERITAGE THROUGH COMMEMORATIVE CEREMONIES, REUNION MEETINGS, REENLISTMENT AND RETIREMENT CEREMONIES, BAND CONCERTS, FILM AND VIDEO PRESENTATIONS,PHOTOGRAPHIC AND DATA COLLECTIONS, SPECIAL EVENTS, AND EXHIBITS. 329134 SPECIAL EVENTS HONOR INDIVIDUALS WHO HAVE SERVED THE UNITED STATES BOTH AFTER THEIR SEA SERVICE EXPERIENCE AND BY SUPPORTING THE SEAS SERVICES THROUGH THEIR NON-SEA SERVICES CAREER. 113854 THE NAVY LOG HONORS THE SERVICE OF MEN AND WOMEN WHO HAVE SERVED IN THE UNITED STATES NAVY, MARINE CORPS, COAST GUARD, AND MERCHANT MARINE THROUGH THE MAINTENANCE OF A PERMANENT REGISTER RECORDING SERVICE INFORMATION, SERVICE MEMBERS' MEMORIES AND SERVICE MEMBERS' PHOTOGRAPHS. 242361 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 PRESENTAIONS, LECTURES, TOURS, PUBLICATIONS,AND EVENTS. 12325 40426 AUXILIARY ENTERPRISES INCLUDED SALES OF MEMORABILIA TO FURTHER EDUCATE THE PUBLIC REGARDING THE ROLE OF THE SEA SERVICES AND THE CONTRIBUTIONS OF THOSE WHO SERVED THE UNITED STATES IN THE SEA SERVICES. 254686 40426 2781371 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 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 1 57 0 1 32 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR AL AK AZ CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MO X X X RADM EDWARD K WALKER JR 2027372300 701 PENNSYLVANIA AVENUE NW NO 123 WASHINGTON DC 20004 RICHARD C VIE 1.00 X X 0 0 0 JONATHAN T MACK 1.00 X X 0 0 0 EDWARD K WALKER JR 1.00 X X 1 0 0 JOHN P COSGROVE 1.00 X X 0 0 0 JON W BAYLESS 1.00 X 0 0 0 JOHN BURKE 1.00 X 0 0 0 JOHN D BUTLER 1.00 X 0 0 0 JOHN J CHESTER III 1.00 X 0 0 0 JOANNE CROWN 1.00 X 0 0 0 ROBERT C DORION 1.00 X 0 0 0 THOMAS R DUNN 1.00 X 0 0 0 BARRY HANNAH 1.00 X 0 0 0 JAMES L HERDT 1.00 X 0 0 0 CHARLES L HOPKINS III 1.00 X 0 0 0 JEFFREY J KIBBEN 1.00 X 0 0 0 THOMAS R KUHN 1.00 X 0 0 0 J PHILIP LONDON 1.00 X 0 0 0 GARY MAHLE 1.00 X 0 0 0 PERRY MARTINI 1.00 X 0 0 0 DONALD MUCHOW 1.00 X 0 0 0 JACK MULHERN 1.00 X 0 0 0 ROBERT E NASER 1.00 X 0 0 0 JOSEPH SMALL JR 1.00 X 0 0 0 DAVID P STORCH 1.00 X 0 0 0 EDWARD SUNDBERG 1.00 X 0 0 0 WILLIAM THOMPSON 1.00 X 0 0 0 JOHN TOTUSHEK 1.00 X 0 0 0 VICTOR S TRIONE 1.00 X 0 0 0 CHARLES W BERGER 1.00 X 0 0 0 PLES J BRUCE 1.00 X 0 0 0 DAVID D CHOMEAU 1.00 X 0 0 0 GILBERT CISNEROS 1.00 X 0 0 0 MARTI DEGRAAF 1.00 X 0 0 0 RONALD DENNEY 1.00 X 0 0 0 JAMES G GORMAN 1.00 X 0 0 0 PIERCE J JOHNSON 1.00 X 0 0 0 S STEVEN KARALEKAS 1.00 X 0 0 0 ALBERT H KONETZNI 1.00 X 0 0 0 GEORGE KINNEAR II 1.00 X 0 0 0 THOMAS LEISHER 1.00 X 0 0 0 MARILYN REID POLLOW 35.00 X 108215 0 2976 TAYLOR KILAND 35.00 X 107306 0 3594 CYNTHIA COLLINS 35.00 X 111483 0 0 327005 0 6570 3 0 0 0 MERKLE INC 7100 COLUMBIA GATEWAY DRIVE COLUMBIA MD 21046 DIRECT MAIL SERVICES & CONSULTANT 1468782 HARGROVE INC 1 HARGROVE DRIVE LANHAM MD 20706 PRODUCTION FOR LONE SAILOR DINNER 133633 2 2206 605611 4032000 16723 4639817 NAVY CEREMONIES 900099 279011 279011 279011 16881 16881 40426 40426 177543 177543 177543 177543 200338 193502 6836 6836 6836 110940 605611 421438 -310498 -310498 LIST RENTAL 900099 28387 28387 OTHER INCOME 900099 3374 3374 31761 4881777 319437 0 -77477 342572 226526 116046 897248 602283 190352 104613 65653 51485 2942 11226 89914 60382 22338 7194 28781 12854 15927 43087 43087 238000 238000 2488 2488 172023 145136 555 26332 96459 47454 373 48632 623721 96237 82471 445013 355880 129293 22800 203787 5409 5409 947733 854406 55580 37747 2881 2050 737 94 91874 84082 7615 177 471236 421940 29679 19617 9398 9398 MAILSHOP 723900 723900 REPAIR & MAINTENANCE 39863 39346 517 STATE REGISTRATIONS 10140 10140 5258260 2781371 600417 1876472 30516 34021 19421 61704 153461 149213 203232 61666 41249 54378 68279 104006 9725658 7921207 2243796 1804451 513539 665245 49723 45879 3323216 2980563 1101401 1174803 104319 16902 1205720 1191705 X 1424405 1107865 502256 490158 190835 190835 2117496 1788858 3323216 2980563 X -376483 47845 X X 0 1 1 X 0 X 4806060 5313612 3745047 4230480 4639817 22735016 4806060 5313612 3745047 4230480 4639817 22735016 22735016 138025 198526 200832 258622 222811 1018816 140 43093 114314 157547 23911379 3735255 0.95080 0.95810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 693091 42512 128 54738 680993 704889 10012 21810 693091 956681 46670 298462 704889 0.28020 0.71980 0 0 6309785 5158967 1150818 2155247 1828241 327006 1260626 933999 326627 1804451 4881777 5258260 -376483 42043 5802 47845 -328638 5351060 42043 42043 5309017 -427240 -427240 4881777 5679698 421438 421438 5258260 0 5258260 PART III, LINE 1A: OIL PAINTINGS COMMISSIONED BY THE MEMORIAL OF THE EIGHT U.S. PRESIDENTS WHO WERE CONNECTED WITH THE U S NAVY. PART III, LINE 4: OIL PAINTINGS COMMISSIONED BY THE MEMORIAL OF THE EIGHT U.S. PRESIDENTS WHO WERE CONNECTED WITH THE U S NAVY. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: FUNDS ARE USED UNDER DONORS PURPOSE AND TIME RESTRICTIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN JULY 2006, THE FASB ISSUED AN INTERPRETATION NOW CODIFIED AS ASC 740, INCOME TAXES, WHICH IS A CHANGE IN ACCOUNTING FOR INCOME TAXES. ASC 740 SPECIFIES HOW TAX BENEFITS FOR UNCERTAIN TAX POSITIONS ARE TO BE RECOGNIZED, MEASURED, AND DERECOGNIZED IN FINANCIAL STATEMENTS; REQUIRES CERTAIN DISCLOSURES OF UNCERTAIN TAX MATTERS; SPECIFIES HOW RESERVES FOR UNCERTAIN TAX POSITIONS SHOULD BE CLASSIFIED ON THE STATEMENT OF FINANCIAL POSITION; AND PROVIDES TRANSITION AND INTERIM PERIOD GUIDANCE, AMONG OTHER PROVISIONS. THE FOUNDATION ADOPTED ASC 740 AS OF JANUARY 1, 2009 AND THERE HAS BEEN NO MATERIAL IMPACT ON ITS FINANCIAL POSITION, CHANGE IN NET ASSETS, OR CASH FLOWS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 5,802. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -421,438. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -5,802. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 421,438. X X X X 1 MERKLE INC 7100 COLUMBIA GATEWAY DR COLUMBIA MD 21046 DIRECT MAIL PROCESSING 0 2639597 1468782 1170815 2639597 1468782 1170815 AR AL AK AZ CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MO GOLF TOURNAMENT 625830 531450 94380 5805 25500 91997 137923 121055 LONE SAILOR AWARDS DINNER 90721 74161 16560 7923 15582 1620 14033 716551 605611 110940 13728 41082 93617 137923 135088 421438 -310498 1 X X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS HAS DELEGATED AUTHORITY TO THE EXECUTIVE COMMITTEE WHICH IS COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 VICTOR TRIONE (DIRECTOR) AND HENRY TRIONE (TRUSTEE) - FAMILY RELATIONSHIP MARTI DEGRAAF (TRUSTEE) AND JONATHAN MACK (VICE PRESIDENT AND DIRECTOR) - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 FOLLOWING THE CLOSE OF THE AUDIT, THE STAFF PREPARES THE WORKSHEETS FOR THE 990 FROM THE FINANCIAL REPORTS. THIS INFORMATION IS SENT TO THE TAX DEPARTMENT OF THE AUDITING FIRM FOR TRANSLATION INTO THE 990. WHEN THE DRAFT STATEMENT IS RETURNED, IT IS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE VICE PRESIDENT, FINANCE. AFTER REVIEW BY THE VP, FINANCE AND FINALIZING BY THE TAX DEPARTMENT, IT IS EITHER EMAILED OR FAXED TO THE FOUNDATION'S BOARD OF DIRECTORS ALONG WITH A REQUEST TO REVIEW IT AND BE PREPARED TO DISCUSS IT AT A BOARD MEETING TELEPHONE CALL WITHIN 3 DAYS OF THE TRANSMISSION OF THE 990. UPON THE CONCLUSION OF THE TELEPHONE CALL AND FURTHER FINALIZING BY THE TAX DEPARTMENT IF NECESSARY, THE RETURN IS SIGNED AND FILED WITH THE IRS. 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 STAFF THAT THEY ARE TO UPDATE THE CONFLICT OF INTEREST STATEMENTS IN THE EVENT OF A 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 FOUNDATION EMPLOYED THE SERVICES OF A COMPENSATION CONSULTANT EXPERIENCED AND KNOWLEDGEABLE CONCERNING THE SURVEYS THAT ARE DONE TO ESTABLISH COMPENSATION AND THE COMPENSATION ENVIRONMENT IN THIS REGION. THE LEADERSHIP TEAM AT THE UNITED STATES NAVY MEMORIAL FOUNDATION CONSISTING OF THE PRESIDENT AND THE VICE PRESIDENTS MEET ANNUALLY TO REVIEW THE POSITION DESCRIPTIONS AND THE LEVEL OF WORK TO MAKE SURE 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 INCREASE IN SALARY. ADDITIONALLY A DECISION IS MADE ABOUT WHETHER ANY RAISE IS POSSIBLE BASED ON THE ORGANIZATION'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 BOARD COMPENSATION COMMITTEE MEETS TO REVIEW THE COMPENSATION OF THE PRESIDENT BASED ON THE PERFORMANCE METRICS ESTABLISHED FOR THE YEAR. THE COMPENSATION COMMITTEE ALSO REVIEWS THE AGGREGATE SALARY STRUCTURE FOR THE REMAINDER OF THE EMPLOYEES TO INSURE THAT THE AGGREGATE COMPENSATION APPEARS FAIR AND REASONABLE. THE COMPENSATION FOR THE PRESIDENT IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD AND THE GENERAL SALARY LEVELS ARE ALSO REVIEWED BY THIS COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS ACCESSIBLE THROUGH ORGANIZATION'S WEBSITE AND THROUGH VARIOUS CHARITY MONITORING WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FINANCIAL STATEMENTS CAN BE PROVIDED UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 42,043. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 5,802. TOTAL TO FORM 990, PART XI, LINE 5: 47,845. OVERSIGHT OF AUDIT FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.