Nauticus Foundation FY2023 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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

Form 990 Part I, line 1, FY2023. 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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
6.4 mo
of spending, in cash
6.4 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
$567K
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
17
of 17 voting members
17 of 17 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$9.3M
+23% vs prior year
Spent
$10.2M
To programs
94%
Net assets
$10.7M
By yearFY2020–FY2025
Revenue
$9.3M
FY2023▲ +23%
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
$10.2M
FY2023▲ +303%
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
$10.7M
FY2023▼ -8%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

94 cents of each dollar spent went to programs.

Program services 94% · $9.6M Management & general 3% · $276K Fundraising 3% · $294K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$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.

Questions for Nauticus Foundation

Tap to ask. Nauticus Foundation sees how many people are interested.

Your first name shows with your question. Nauticus Foundation answers here, for everyone.

1 program · $9.6M · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1475802) · Dispute this line
$9.6Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$9.3M
Ln 12
Gifts and grantsLn 1h$6.7M
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$918K
Money outPt IX
$10.2M
Ln 25
Programscol B$9.6M
Managementcol C$276K
Fundraisingcol D$294K
Owns and owesPt X
$10.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.4M
Total assetsLn 16$11.3M
LiabilitiesLn 26$567K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.7M
Noncash giftsLn 1g$306
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$48K
Other incomeLn 4–11$918K
Total revenueLn 12$9.3M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$5.4M
Cash and savings togetherLn 1–2$5.4M
Pledges and grants receivableLn 3$2.5M
Accounts receivableLn 4$479K
Inventories for sale or useLn 8$169K
Prepaid expenses and deferred chargesLn 9$129K
Land, buildings, equipmentLn 10c$1.9M
InvestmentsLn 11–13$630K
Other assetsLn 15$2K
Total assetsLn 16$11.3M
LiabilitiesLn 26$567K
Net assetsLn 32$10.7M
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 FY23End FY23
Cash and savingsLn 1–2$6.1M$5.4M
InvestmentsLn 11–13$574K$630K
Land, buildings, equipmentLn 10c$2.6M$1.9M
Total assetsLn 16$12.4M$11.3M
LiabilitiesLn 26$874K$567K
Net assetsLn 32$11.6M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.3M$1.1M$149K$108K
Other employee benefitsLn 9$132K$111K$8K$13K
Payroll taxesLn 10$98K$82K$9K$8K
Legal feesLn 11b$3K$2K$998
Accounting feesLn 11c$40K$40K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$98K$86K$8K$4K
Advertising and promotionLn 12$116K$115K$1K
Office expensesLn 13$38K$35K$3K$274
TravelLn 17$17K$17K$168
Depreciation, depletion and amortizationLn 22$240K$240K
InsuranceLn 23$130K$115K$14K
Other expenses (24a–d)Ln 24$7.5M$7.3M$66$143K
All other expensesLn 24e$451K$393K$40K$18K
Total functional expensesLn 25$10.2M$9.6M$276K$294K

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
FY2023 ViewingFiled 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
FY2020Filed 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 FY2023 990
Part I · Summary $9,286,378 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,336,152$6,710,906
I-9 Program service revenuePrior year $1,286,983$1,609,893
I-10 Investment incomePrior year $20,436$47,522
I-11 Other revenuePrior year $899,745$918,057
I-12 Total revenuePrior year $7,543,316$9,286,378
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,199,760$1,554,688
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,320,597$8,613,226
I-18 Total expensesPrior year $2,520,357$10,167,914
I-19 Revenue less expensesPrior year $5,022,959−$881,536
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $9,286,378 across 8 lines filed
Lines not itemized here account for $527,810 of total revenue; see the IRS return.
VIII-1d Related organizations$650,000
VIII-1f All other contributions, gifts and grants$6,060,906
VIII-1g Noncash contributions (included above)$306
VIII-1h Total contributions, gifts and grants$6,710,906
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,609,893$1,609,893
VIII-3 Investment incomeExcluded from tax $47,522$47,522
VIII-6 Net rental income or lossExcluded from tax $390,247$390,247
VIII-12 Total revenueRelated to mission $2,137,703 · Unrelated business $0 · Excluded from tax $437,769$9,286,378
Part IX · Statement of functional expenses $10,167,914 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,067,298 · Management $149,444 · Fundraising $107,762$1,324,504
IX-9 Other employee benefitsPrograms $111,333 · Management $7,935 · Fundraising $12,805$132,073
IX-10 Payroll taxesPrograms $81,596 · Management $8,803 · Fundraising $7,712$98,111
IX-11b Legal feesPrograms $2,122 · Management $998$3,120
IX-11c Accounting feesManagement $40,500$40,500
IX-11f Investment management feesManagement $2,810$2,810
IX-11g Other fees for servicesPrograms $85,774 · Management $8,396 · Fundraising $4,090$98,260
IX-12 Advertising and promotionPrograms $115,265 · Fundraising $1,155$116,420
IX-13 Office expensesPrograms $35,138 · Management $2,783 · Fundraising $274$38,195
IX-17 TravelPrograms $16,726 · Management $168$16,894
IX-22 Depreciation, depletion and amortizationPrograms $240,181$240,181
IX-23 InsurancePrograms $115,303 · Management $14,251$129,554
IX-24 Other expenses (24a–d)Programs $7,333,630 · Management $66 · Fundraising $142,637$7,476,333
IX-24e All other expensesPrograms $393,345 · Management $39,762 · Fundraising $17,852$450,959
IX-25 Total functional expensesPrograms $9,597,711 · Management $275,916 · Fundraising $294,287$10,167,914
Part X · Balance sheet $11,251,555 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $34,900$4,175
X-2 Savings and temporary cash investmentsStart of year $6,017,551$5,425,156
X-3 Pledges and grants receivableStart of year $2,443,481$2,474,685
X-4 Accounts receivableStart of year $424,496$479,427
X-8 Inventories for sale or useStart of year $150,714$168,983
X-9 Prepaid expenses and deferred chargesStart of year $161,388$129,389
X-10c Land, buildings and equipment, netStart of year $2,621,347$1,938,670
X-11 Publicly traded securitiesStart of year $574,074$629,570
X-15 Other assetsStart of year $1,500$1,500
X-16 Total assetsStart of year $12,429,451$11,251,555
X-17 Accounts payable and accrued expensesStart of year $561,840$303,461
X-19 Deferred revenueStart of year $312,142$263,808
X-26 Total liabilitiesStart of year $873,982$567,269
X-27 Net assets without donor restrictionsStart of year $10,076,605$6,585,998
X-28 Net assets with donor restrictionsStart of year $1,478,864$4,098,288
X-32 Total net assets or fund balancesStart of year $11,555,469$10,684,286
X-33 Total liabilities and net assetsStart of year $12,429,451$11,251,555
Part XI · Reconciliation of net assets $10,684,286 net assets at year end
XI-1 Total revenue$9,286,378
XI-2 Total expenses$10,167,914
XI-3 Revenue less expenses−$881,536
XI-4 Net assets at start of year$11,555,469
XI-5 Net unrealized gains (losses) on investments$45,760
XI-8 Prior period adjustments−$35,407
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,684,286

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →