Nauticus Foundation FY2020 filing

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We exist to benefit our community through education, impactful experiences and by sharing access to maritime resources.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1475802) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.4M a year · 36% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
7.3 mo
of spending, in cash
7.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $602K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$538K
13% of total assets
Liabilities are 13% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.2M
Spent
$2.5M
To programs
82%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$2.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$4.7M
FY2022$7.5M
FY2023$9.3M
FY2024$10.9M
FY2025$6.0M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.0M
FY2022$2.5M
FY2023$10.2M
FY2024$4.3M
FY2025$4.4M
Net assets
$3.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$6.5M
FY2022$11.6M
FY2023$10.7M
FY2024$17.4M
FY2025$19.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.0M Management & general 8% · $190K Fundraising 10% · $262K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nauticus Foundation executive salaries →

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 15aNo

Programs and updates

Inspires and educates through interactive maritime experiences celebrating our connection to the sea.

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1 program · $2.0M · in their own filed words · FY2019
01

Nauticus is a maritime discovery center located along the waterfront in downtown, norfolk offering a unique form of experiential learning for all ages. Through interactive exhibits and stem to stern programming, nauticus uses the museum, battleship wisconsin, sailing center, and schooner virginia to tell the story of the maritime…

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1475802) · Dispute this line
$2.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$474K
Other incomeLn 4–11$457K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.0M
Managementcol C$190K
Fundraisingcol D$262K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$4.2M
LiabilitiesLn 26$538K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$474K
Investment incomeLn 3$18K
Other incomeLn 4–11$457K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
Pledges and grants receivableLn 3$317K
Accounts receivableLn 4$72K
Inventories for sale or useLn 8$154K
Prepaid expenses and deferred chargesLn 9$105K
Land, buildings, equipmentLn 10c$1.6M
InvestmentsLn 11–13$514K
Other assetsLn 15$2K
Total assetsLn 16$4.2M
LiabilitiesLn 26$538K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 5137
VolunteersI 62,149
Fiscal year endsHeaderJune
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$1.9M$1.5M
InvestmentsLn 11–13$523K$514K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$4.5M$4.2M
LiabilitiesLn 26$403K$538K
Net assetsLn 32$4.1M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Other salaries and wagesLn 7$1.0M$874K$63K$101K
Other employee benefitsLn 9$122K$61K$52K$9K
Payroll taxesLn 10$78K$66K$5K$8K
Legal feesLn 11b$16K$7K$9K
Accounting feesLn 11c$25K$12K$14K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$35K$16K$19K
Advertising and promotionLn 12$213K$209K$4K
Office expensesLn 13$18K$13K$5K
TravelLn 17$8K$8K
Depreciation, depletion and amortizationLn 22$194K$194K
InsuranceLn 23$67K$60K$3K$3K
Other expenses (24a–d)Ln 24$466K$336K$130K
All other expensesLn 24e$211K$201K$5K$5K
Total functional expensesLn 25$2.5M$2.0M$190K$262K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $6.0M$4.4M$1.6M$19.0M 990 PDF
FY2024Filed with the IRS May 15, 2025 $10.9M$4.3M$6.6M$17.4M 990 PDF
FY2023Filed with the IRS May 15, 2024 $9.3M$10.2M−$882K$10.7M 990 PDF
FY2022Filed with the IRS May 12, 2023 $7.5M$2.5M$5.0M$11.6M 990 PDF
FY2021Filed with the IRS May 16, 2022 $4.7M$2.0M$2.7M$6.5M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $2.2M$2.5M−$336K$3.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $2,164,508 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,319,980$1,215,203
I-9 Program service revenuePrior year $672,816$473,581
I-10 Investment incomePrior year $18,415$18,500
I-11 Other revenuePrior year $805,397$457,224
I-12 Total revenuePrior year $2,816,608$2,164,508
I-13 Grants and similar amounts paidPrior year $0$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,441,301$1,239,298
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,456,191$1,256,104
I-18 Total expensesPrior year $2,897,492$2,500,402
I-19 Revenue less expensesPrior year −$80,884−$335,894
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,164,508 across 8 lines filed
Lines not itemized here account for $200,178 of total revenue; see the IRS return.
VIII-1d Related organizations$396,600
VIII-1f All other contributions, gifts and grants$818,603
VIII-1g Noncash contributions (included above)$3,350
VIII-1h Total contributions, gifts and grants$1,215,203
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $473,581$473,581
VIII-3 Investment incomeExcluded from tax $18,500$18,500
VIII-6 Net rental income or lossExcluded from tax $257,046$257,046
VIII-12 Total revenueRelated to mission $673,759 · Unrelated business $0 · Excluded from tax $275,546$2,164,508
Part IX · Statement of functional expenses $2,500,402 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-7 Other salaries and wagesPrograms $874,450 · Management $63,443 · Fundraising $101,130$1,039,023
IX-9 Other employee benefitsPrograms $60,766 · Management $52,184 · Fundraising $9,428$122,378
IX-10 Payroll taxesPrograms $65,525 · Management $4,790 · Fundraising $7,582$77,897
IX-11b Legal feesPrograms $7,472 · Management $8,925$16,397
IX-11c Accounting feesPrograms $11,575 · Management $13,825$25,400
IX-11f Investment management feesManagement $2,567$2,567
IX-11g Other fees for servicesPrograms $15,946 · Management $19,047$34,993
IX-12 Advertising and promotionPrograms $209,473 · Management $3,604$213,077
IX-13 Office expensesManagement $13,121 · Fundraising $4,721$17,842
IX-17 TravelPrograms $8,098$8,098
IX-22 Depreciation, depletion and amortizationPrograms $193,563$193,563
IX-23 InsurancePrograms $60,061 · Management $3,337 · Fundraising $3,337$66,735
IX-24 Other expenses (24a–d)Programs $336,136 · Fundraising $130,000$466,136
IX-24e All other expensesPrograms $200,508 · Management $5,466 · Fundraising $5,322$211,296
IX-25 Total functional expensesPrograms $2,048,573 · Management $190,309 · Fundraising $261,520$2,500,402
Part X · Balance sheet $4,242,791 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $11,532$30,625
X-2 Savings and temporary cash investmentsStart of year $1,842,421$1,492,019
X-3 Pledges and grants receivableStart of year $29,467$316,989
X-4 Accounts receivableStart of year $171,640$71,985
X-8 Inventories for sale or useStart of year $138,457$154,182
X-9 Prepaid expenses and deferred chargesStart of year $62,875$105,476
X-10c Land, buildings and equipment, netStart of year $1,678,869$1,556,454
X-11 Publicly traded securitiesStart of year $522,892$513,561
X-15 Other assetsStart of year $8,416$1,500
X-16 Total assetsStart of year $4,466,569$4,242,791
X-17 Accounts payable and accrued expensesStart of year $235,267$99,437
X-19 Deferred revenueStart of year $167,935$188,334
X-24 Unsecured notes and loans payableStart of year $0$250,200
X-26 Total liabilitiesStart of year $403,202$537,971
X-27 Net assets without donor restrictionsStart of year $3,861,570$3,215,501
X-28 Net assets with donor restrictionsStart of year $201,797$489,319
X-32 Total net assets or fund balancesStart of year $4,063,367$3,704,820
X-33 Total liabilities and net assetsStart of year $4,466,569$4,242,791
Part XI · Reconciliation of net assets $3,704,820 net assets at year end
XI-1 Total revenue$2,164,508
XI-2 Total expenses$2,500,402
XI-3 Revenue less expenses−$335,894
XI-4 Net assets at start of year$4,063,367
XI-5 Net unrealized gains (losses) on investments−$22,653
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,704,820

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

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