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Arts, Culture, Humanities : Museums

U.S. Navy Memorial Foundation

Honoring the men & women of the sea services - past present & future

two stars

71.15

701 Pennsylvania Avenue, NW Suite 123
Washington, DC 20004
tel: (202) 380-0710   Web Site
EIN: 52-1104476

Board Leadership
John C. Harvey, Jr.
Chairman

CEO
Frank Thorp IV
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 71.15 two stars
  Financial 60.45 one star
  Accountability & Transparency 90.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

In 1978, the U.S. Navy Memorial Foundation undertook a drive to build a memorial in Washington. Dedicated on October 13, 1987, the United States Navy Memorial offers Sea Service men and women ways to reconnect with each other, celebrate their shared experiences and preserve the memories and stories of their service. We also provide a forum to educate the public about the rich maritime heritage of this nation and the importance of keeping the seas of the world free. The Navy Memorial's Education department is responsible for conducting youth education programs, seminars and symposia, creating exhibits in the Naval Heritage Center and providing reference information and photographs to researchers. Today, the Foundation is working to retire remaining construction debt and support educational programs.

In 1978, the U.S. Navy Memorial Foundation undertook a drive to build a memorial in Washington. Dedicated on October 13, 1987, the United States Navy Memorial offers Sea Service men and women ways to reconnect with each other, celebrate their shared experiences and preserve the memories and stories of their service. We also provide a forum to educate the public about the rich maritime heritage of this nation and the importance of keeping the seas of the world free. The Navy Memorial's Education department is responsible for conducting youth education programs, seminars and symposia, creating exhibits in the Naval Heritage Center and providing reference information and photographs to researchers. Today, the Foundation is working to retire remaining construction debt and support educational programs.

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Financial

one star

60.45

Accountability & Transparency

four stars

90.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
51.5%
  Administrative Expenses 12.9%
  Fundraising Expenses 35.5%
  Fundraising Efficiency $0.39
  Working Capital Ratio (years) 0.33
  Program Expenses Growth 9.2%
  Liabilities to Assets 37.4%
All data for Financial Performance Metrics calculations was provided by U.S. Navy Memorial Foundation on recent 990s filed with the IRS.
Joint Cost Allocation Adjustment applied. Learn more.
All data for Financial Performance Metrics calculations was provided by U.S. Navy Memorial Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
U.S. Navy Memorial Foundation (DC) 71.15 two stars
Strawbery Banke Museum (NH) 89.59 three stars
Longyear Museum (MA) 88.87 three stars
South Street Seaport Museum (NY) 89.44 three stars
National World War II Museum (LA) 91.08 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,333,425
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $765,936
   Related Organizations $0
   Government Grants $0
Total Contributions $5,099,361
   Program Service Revenue $559,041
Total Primary Revenue $5,658,402
   Other Revenue $-89,336
TOTAL REVENUE $5,569,066
   
EXPENSES (Adjusted)  
   Program Expenses $3,035,718
   Administrative Expenses $625,963
   Fundraising Expenses $1,982,438
TOTAL FUNCTIONAL EXPENSES $5,644,119
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-75,053
   
Net Assets $1,991,333

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Visitor Center Services $2,019,741 65.9%
Educational Services $436,147 14.2%
Special Events $361,273 11.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 10/01/2019 71.15 two stars
2017-12 02/01/2019 67.40 one star
2016-12 03/01/2018 63.08 one star
2015-12 07/01/2017 63.08 one star
2014-12 06/01/2016 67.46 one star
 
CN 2.0
2013-12 06/01/2015 75.93 two stars
2012-12 12/20/2013 70.35 two stars
2011-12 09/01/2013 64.68 one star
2011-12 02/01/2013 64.68 one star
2010-12 03/01/2012 67.43 one star
2009-12 09/20/2011 67.91 one star
 
CN 1.0
2009-12 04/01/2011 49.69 zero star
2008-12 05/01/2010 64.81 one star
2007-12 11/01/2008 72.83 two stars
2006-12 11/01/2007 66.27 one star
2005-12 10/01/2006 55.35 one star
2004-12 12/01/2005 56.05 one star
2003-12 01/05/2005 53.77 zero star
2002-12 03/01/2004 70.99 two stars
2001-12 10/15/2002 76.91 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-1104476
Name in IRS Master File US NAVY MEMORIAL FOUNDATION
NTEE Code A80
NTEE Classification Historical Societies, Related Historical Activities
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
(63) Monument
(119) Other cultural or historical activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1978
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$200,000 3.54% Frank Thorpe President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
U.S. Navy Memorial Foundation (DC) 71.15 two stars
The Valentine Richmond History Center (VA) 87.28 three stars
Missouri History Museum (MO) 96.66 four stars
Longyear Museum (MA) 88.87 three stars
George Washington Masonic National Memorial Association (VA) 91.75 four stars

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Charity Contact Info

U.S. Navy Memorial Foundation
701 Pennsylvania Avenue, NW
Suite 123
Washington, DC 20004
tel: (202) 380-0710
fax: (202) 737-2308
EIN: 52-1104476

Visit Web Site

Board Leadership

John C. Harvey, Jr.
Chairman

CEO

Frank Thorp IV
President, CEO

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