Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1978.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
21 people listed on the 990; $446K paid to officers and key staff.
Vadm John Nowell JR Usn Ret’s $295K as President & CEO is at the 96th percentile of top reported officer pay among 3924 $1–10M 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Vadm John Nowell JR Usn Ret | $294,924 | $173,099 | — | — | — | — |
| Rdml Frank Thorp IV Usn Ret | — | $199,950 | $253,697 | $245,697 | $233,078 | $217,778 |
| Mr Scott D Matirne | $167,565 | $167,728 | $159,182 | $146,233 | $122,862 | $123,049 |
| Cmdcm Victor Smith Usn Ret | $152,389 | $146,200 | — | — | — | — |
| Ms Lisa Barker | — | $147,553 | $147,613 | — | — | — |
| Mr Jessie D Cotter | $147,337 | — | — | — | — | — |
| Ms Erin Harroun | — | — | $138,400 | $136,548 | — | — |
| Cmdcm Victor Smith | — | — | $124,218 | — | — | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Honors, recognizes, and celebrates U.S. Sea Services members and educates the public about their service.
Questions for US Navy Memorial Foundation
Your first name shows with your question. US Navy Memorial Foundation answers here, for everyone.
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Visitor Center Services
The visitor center honors, recognizes, and celebrates america's enduring maritime heritage through commemorative ceremonies, reunion meetings, reenlistment and retirement ceremonies, band concerts, film and video presentations, photographic and data collections, special events, and EXHIBITS.DUE to the global COVID-19 pandemic, the…
The foundation hosts several special events throughout the year to support its program activities. The events carried out during 2020 included the FOLLOWING:1. Lone sailor awards dinner - recognizes the accomplishments of former members of the sea services and educates the public on the mission of the navy memorial.
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 presentations, lectures, tours, publications, and events.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $340K | $405K |
| InvestmentsLn 11–13 | $1.2M | $1.3M |
| Land, buildings, equipmentLn 10c | $913K | $929K |
| Total assetsLn 16 | $2.9M | $3.1M |
| LiabilitiesLn 26 | $1.1M | $1.4M |
| Net assetsLn 32 | $1.9M | $1.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $463K | $359K | $76K | $27K |
| Other salaries and wagesLn 7 | $541K | $419K | $89K | $32K |
| Pension plan contributionsLn 8 | $18K | $14K | $3K | $1K |
| Other employee benefitsLn 9 | $18K | $14K | $3K | $1K |
| Payroll taxesLn 10 | $102K | $79K | $17K | $6K |
| Legal feesLn 11b | $8K | $8K | ||
| Accounting feesLn 11c | $39K | $39K | ||
| Professional fundraising feesLn 11e | $269K | $269K | ||
| Investment management feesLn 11f | $817 | $817 | ||
| Other fees for servicesLn 11g | $299K | $285K | $14K | |
| Advertising and promotionLn 12 | $12K | $12K | ||
| Office expensesLn 13 | $536K | $255K | $52K | $228K |
| Information technologyLn 14 | $172K | $27K | $50K | $95K |
| OccupancyLn 16 | $902K | $851K | $46K | $5K |
| TravelLn 17 | $6K | $6K | $95 | |
| Conferences, conventions and meetingsLn 19 | $29K | $17K | $180 | $12K |
| InterestLn 20 | $18K | $18K | ||
| Depreciation, depletion and amortizationLn 22 | $197K | $183K | $14K | |
| Other expenses (24a–d)Ln 24 | $503K | $62K | $28K | $413K |
| Total functional expensesLn 25 | $4.1M | $2.6M | $457K | $1.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $7.1M | $6.6M | $517K | $3.2M | 990 PDF |
| FY2024 | $6.5M | $7.6M | −$1.1M | $2.5M | 990 PDF |
| FY2023 | $7.9M | $5.9M | $2.0M | $3.6M | 990 PDF |
| FY2022 | $5.3M | $5.8M | −$578K | $1.6M | 990 PDF |
| FY2021 | $5.6M | $5.1M | $528K | $2.4M | 990 PDF |
| FY2020 Viewing | $4.0M | $4.1M | −$166K | $1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,964,388 revenue, 12 lines filed
Part VI · Governance 17 of 18 board members independent, no flags
Part VIII · Statement of revenue $3,964,388 across 11 lines filed
Part IX · Statement of functional expenses $4,130,648 across 19 lines filed
Part X · Balance sheet $3,149,145 assets, 20 lines filed
Part XI · Reconciliation of net assets $1,775,362 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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