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Naval Historical Foundation FY2020 filing

Washington, DCUnknown exempt organizationEIN 53-0196627Revenue $231K in FY2020

On file with the IRSnavyhistory.org1306 Dahlgren Avenue Se · Washington, DC

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To preserve and commemorate america's Naval heritage (see part III, line 1).

60¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $524K a year · 190% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$78K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231K
Spent
$541K
To programs
60%
Net assets
$1.4M
By yearFY2020–FY2022
Revenue
$231K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$231K
FY2021$332K
FY2022$263K
Expenses
$541K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$541K
FY2021$508K
FY2022$1.3M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $324K Management & general 32% · $173K Fundraising 8% · $44K

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; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation
Radm Edward Masso
Executive Director
$132,000Pt VII · Sec A
$0Pt VII · Sec A
Mr Martin J Bollinger
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Radm Edward Masso$132,000$132,000$132,000

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

Preserves and commemorates America's naval heritage through education and preservation efforts.

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Provided by the organization

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3 programs · $278K · in their own filed words · FY2020
01

Programs

NHF'S programs focus on making organizational resources better known and more widely available. NHF maintains the NAVYHISTORY.ORG website and supports other maritime websites in support of naval history museums and provides historical content through thursday tidings newsletter & 2ND saturday WEBINAR.NHF also hosts signature events…

$165Kprogram expense
02

Ancillary Activities

NHF arranges for historical furniture items to be available for display and use throughout the tingey house (cno's quarters) for social and formal gatherings. NHF provides informational services to organizations, families and others seeking guidance related to historical naval documents, artifacts, photos etc.

$66Kprogram expense
03

Membership

This includes ongoing communications to current members and outreach to prospective new members.

$47Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Enid Storm Dwyer FoundationFY2024$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 4 grants · $745K · 2020–2022
United States Naval InstituteMD · FY2022$692,000
Unitemized GrantFY2022$12,000
Unitemized GrantFY2021$17,071
Unitemized GrantFY2020$23,553

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$231K
Ln 12
Gifts and grantsLn 1h$202K
Investment incomeLn 3$23K
Fees for servicesLn 2g$4K
Money outPt IX
$541K
Ln 25
Programscol B$324K
Managementcol C$173K
Fundraisingcol D$44K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$244K
Total assetsLn 16$1.5M
LiabilitiesLn 26$78K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$202K
Fundraising eventsLn 1c$41K
Fees for servicesLn 2g$4K
Investment incomeLn 3$23K
Other incomeLn 4–11$3K
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$189K
Cash and savings togetherLn 1–2$244K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$1.5M
LiabilitiesLn 26$78K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$305K$244K
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$30K$78K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24K$24K
Pay of current officers, directors and key staffLn 5$132K$97K$17K$18K
Other salaries and wagesLn 7$170K$126K$22K$23K
Payroll taxesLn 10$25K$19K$2K$3K
Accounting feesLn 11c$46K$10K$37K
Other fees for servicesLn 11g$19K$19K
Office expensesLn 13$26K$7K$19K
Information technologyLn 14$22K$22K
Conferences, conventions and meetingsLn 19$576$160$416
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$72K$22K$50K$0
Total functional expensesLn 25$541K$324K$173K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $263K$1.3M−$1.1M$0 990 PDF
FY2021 $332K$508K−$176K$1.3M 990 PDF
FY2020 Viewing $231K$541K−$310K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $231,458 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $421,321$202,227
I-9 Program service revenuePrior year $17,580$3,780
I-10 Investment incomePrior year $30,583$22,790
I-11 Other revenuePrior year $33,955$2,661
I-12 Total revenuePrior year $503,439$231,458
I-13 Grants and similar amounts paidPrior year $18,100$23,553
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $334,019$326,778
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $211,933$190,876
I-18 Total expensesPrior year $564,052$541,207
I-19 Revenue less expensesPrior year −$60,613−$309,749
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $231,458 across 10 lines filed
Lines not itemized here account for $8,583 of total revenue; see the IRS return.
VIII-1b Membership dues$41,711
VIII-1c Fundraising events$41,250
VIII-1f All other contributions, gifts and grants$119,266
VIII-1h Total contributions, gifts and grants$202,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,780$3,780
VIII-3 Investment incomeExcluded from tax $22,790$22,790
VIII-5 RoyaltiesExcluded from tax $4,128$4,128
VIII-8 Net income from fundraising eventsExcluded from tax −$11,550−$11,550
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,500$1,500
VIII-12 Total revenueRelated to mission $12,363 · Unrelated business $0 · Excluded from tax $16,868$231,458
Part IX · Statement of functional expenses $541,207 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $23,553$23,553
IX-5 Pay of current officers, directors and key staffPrograms $97,344 · Management $17,091 · Fundraising $17,565$132,000
IX-7 Other salaries and wagesPrograms $125,526 · Management $22,038 · Fundraising $22,651$170,215
IX-10 Payroll taxesPrograms $19,060 · Management $2,064 · Fundraising $3,439$24,563
IX-11c Accounting feesPrograms $9,751 · Management $36,652$46,403
IX-11g Other fees for servicesPrograms $19,417$19,417
IX-13 Office expensesPrograms $7,165 · Management $18,864$26,029
IX-14 Information technologyManagement $21,943$21,943
IX-19 Conferences, conventions and meetingsPrograms $160 · Management $416$576
IX-22 Depreciation, depletion and amortizationManagement $1,647$1,647
IX-23 InsuranceManagement $2,462$2,462
IX-24 Other expenses (24a–d)Programs $22,322 · Management $50,077 · Fundraising $0$72,399
IX-25 Total functional expensesPrograms $324,298 · Management $173,254 · Fundraising $43,655$541,207
Part X · Balance sheet $1,525,665 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $35,960$55,700
X-2 Savings and temporary cash investmentsStart of year $268,739$188,771
X-3 Pledges and grants receivableStart of year $51,474$7,500
X-8 Inventories for sale or useStart of year $65,511$58,608
X-9 Prepaid expenses and deferred chargesStart of year $1,009$974
X-10c Land, buildings and equipment, netStart of year $2,980$2,778
X-11 Publicly traded securitiesStart of year $1,094,818$1,211,334
X-16 Total assetsStart of year $1,520,491$1,525,665
X-17 Accounts payable and accrued expensesStart of year $15,765$15,260
X-19 Deferred revenueStart of year $4,470$0
X-24 Unsecured notes and loans payable$62,600
X-26 Total liabilitiesStart of year $29,935$78,110
X-27 Net assets without donor restrictionsStart of year $1,467,065$1,412,504
X-28 Net assets with donor restrictionsStart of year $23,491$35,051
X-32 Total net assets or fund balancesStart of year $1,490,556$1,447,555
X-33 Total liabilities and net assetsStart of year $1,520,491$1,525,665
Part XI · Reconciliation of net assets $1,447,555 net assets at year end
XI-1 Total revenue$231,458
XI-2 Total expenses$541,207
XI-3 Revenue less expenses−$309,749
XI-4 Net assets at start of year$1,490,556
XI-5 Net unrealized gains (losses) on investments$107,748
XI-8 Prior period adjustments$159,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,447,555

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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