Intrepid Museum Foundation INC EIN 13-3062419

Intrepid Museum Foundation INC

EIN  13-3062419 Public charity (501(c)(3)) New York, NY Founded 1982
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Honors heroes, educates the public, and inspires youth through history, science, and service exhibits and programs.
Leadership
Susan Marenoff-Zausner · President · $722K
Money in and out
$39.4M revenue, $36.9M expenses
Bottom line
86% program efficiency

Honors heroes, educates the public, and inspires youth through history, science, and service exhibits and programs. For fiscal year 2024 it reported $39.4M in revenue, $36.9M in expenses, and $70.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$39.4M
Pt VIII · Ln 12
Total expenses
$36.9M
Pt IX · Ln 25
Net assets
$70.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.4M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program efficiency
86%
of spending reaches programs0% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +148% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$39.4M
FY2024▲ +28%
Expenses
$36.9M
FY2024▲ +6%
Total assets
$91.4M
FY2024▲ +2%
Total liabilities
$21.1M
FY2024▼ -12%
Total revenue
$39.4M
Pt VIII · Ln 12
Total expenses
$36.9M
Pt IX · Ln 25
Net assets
$70.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.4M
Total assetsPt X · Ln 16$91.4M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

3 program services account for $31.6M of program spending, described in the organization's own filed words · FY2024.
01

Exhibits and museum servicesexhibitsthe museum offered a range of on-site and digital experiences to immerse visitors into the museum themes of the intersection of history and innovation and to expand on the stories of space science and intrepid during its eras of service. These new exhibitions were free with onsite admission.

$24.3Mprogram expense
02

Education & evaluationin 2024, the education team continued to use the center for history and innovation as a guiding framework for their endeavors and worked to be on top of the latest best practices for supporting stressed youth and teachers.

$5.4Mprogram expense
03

Other programspublic programsthe museum staged 27 public programs (13 onsite programs and 14 virtual programs). This included festivals (kids week, fleet week); movie nights; astronomy nights. Nearly all the programs (but one) were free with admission to the museum.

$1.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIntrepid Museum Foundation INC
EINHdr · item D13-3062419
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.intrepidmuseum.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFSep 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$722,070Pt VII · Sec A
$417,735Pt VII · Sec A
SVP Engineering/Facilities
$392,550Pt VII · Sec A
SVP Exhibits/Education
$352,233Pt VII · Sec A
Executive Vice President
$345,632Pt VII · Sec A
SVP Business Development
$334,455Pt VII · Sec A
VP, Marketing
$295,296Pt VII · Sec A
VP, Human Resources
$241,343Pt VII · Sec A

Susan Marenoff-Zausner’s $722K as President is at the 92nd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Marenoff-Zausner$722,070$706,998$686,296$565,522$621,535
Patricia Beene-Colasanti$417,735$403,494$391,711$343,471$365,517
Matthew Woods$392,550$387,489$376,663$300,780$348,975
Elaine Charnov$352,233$274,385$338,166$270,145$316,734
David a Winters$345,632$333,313$324,352$268,280$293,146
Marc Lowitz$334,455$333,288$323,315$256,991$303,450
Michael Onysko$295,296$289,066$280,509$188,504$204,072
Lynda Kennedy$236,582$293,473$232,273$186,879$214,994

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$20.7M · 53%
Contributions & grants$10.4M · 26%
Other revenue$6.4M · 16%
Investment income$1.8M · 5%
Program service revenue53%$20.7M
Contributions & grants26%$10.4M
Other revenue16%$6.4M
Investment income5%$1.8M
— government grantsLn 1e$3.4M
Total revenueLn 12$39.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program services86%$31.7M
Management & general10%$3.7M
Fundraising4%$1.5M
Total functional expensesLn 25$36.9M

Balance Sheet

Part X · end of year
CashLn 1$7.9M
Total assetsLn 16$91.4M
Total liabilitiesLn 26$21.1M
Total net assetsLn 32$70.3M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $39.4M · Operating expenses (Pt IX) $36.9M · Less non-cash grants $136K · Cash operating expenses/yr $36.8M
12.8 months
Where the money goes
Program services
Program services $31.7M · Total expenses $36.9M
86%
Management & General
Management & general $3.7M · Total expenses $36.9M
10%
Fundraising
Fundraising $1.5M · Total expenses $36.9M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $1.4M · Solicited contributions (3-yr avg) $4.9M
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $10.4M · Total revenue $39.4M
26%
Government reliance
Government grants $3.4M · Total revenue $39.4M
9%
Earned-income share
Program service revenue $20.7M · Total revenue $39.4M
53%
Investment reliance
Investment income $1.8M · Total revenue $39.4M
+5%
Program self-sufficiency
Program service revenue $20.7M · Total expenses $36.9M
56%
Growth & trend
Revenue growth (YoY)
This year $39.4M · Prior year $30.8M
+28%
Revenue CAGR
FY2020 $9.1M · FY2024 $39.4M
+44%
Net-asset trend (YoY)
End of year $70.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $39.4M · Expenses $36.9M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $91.4M
Net-asset ratio
Net assets $70.3M · Total assets $91.4M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $31.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $91.4M
34%
People & payroll
Highest Reported Total Compensation
Individual Susan Marenoff-Zausner · Reported title PRESIDENT · Highest reported compensation $722K · Total expenses $36.9M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23.7M · Total expenses $36.9M
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 10%
Fundraising cost ratio 14%
Revenue growth 28%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 12 grants · $305K · 2020–2023
New York UniversityNY · FY2023$76,121
New York UniversityNY · FY2022$41,857
Patriots Point Development AuthorityFY2022$8,000
New York UniversityNY · FY2021$50,489
New York UniversityNY · FY2020$75,518

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$39.4M revenue · viewing · ⤓ 990 PDF
FY2023$30.8M revenue · ⤓ 990 PDF
FY2022$30.6M revenue · ⤓ 990 PDF
FY2021$23.3M revenue · ⤓ 990 PDF
FY2020$9.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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