Admiral Nimitz Foundation

Tax-deductible

Fredericksbrg, TX501(c)(3)Since 1971Arts & CultureEIN 74-1492692Revenue $12.6M in FY2024

On file with the IRSpacificwarmuseum.org328 E Main St, 78624-4612 · Fredericksbrg, TXTax-exempt since Dec 1964Publicly supported charity — 170(b)(1)(A)(vi)

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Operate and support the state-owned museum experience through its extensive collection to educate and inspire present and future generations about world war II in the asiatic pacific theater and the relevance of its lessons and the effects worldwide.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 102 volunteers and 67 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.6M a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 2% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
30
named funders · $1.8M
Looks good: 30 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$335K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+34% vs prior year
Spent
$9.5M
To programs
90%
Net assets
$32.1M
By yearFY2020–FY2024
Revenue
$12.6M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$7.2M
FY2022$7.6M
FY2023$9.5M
FY2024$12.6M
Expenses
$9.5M
FY2024▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$5.9M
FY2022$6.5M
FY2023$6.4M
FY2024$9.5M
Net assets
$32.1M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.2M
FY2021$23.9M
FY2022$21.4M
FY2023$27.1M
FY2024$32.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1964.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $8.5M Management & general 6% · $560K Fundraising 4% · $394K

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

18 people listed on the 990; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director [thru 12/24]
$102,206Pt VII · Sec A
$80,312Pt VII · Sec A
President and CEO [from 12/24]
$30,558Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gen Michael W Hagee Usmc Ret’s $102K as Director [thru 12/24] is at the 2nd 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gen Michael W Hagee Usmcret—$105,779$100,650$96,190$94,392
Gen Michael W Hagee Usmc Ret$102,206————
Gary R Neffendorf$80,312$75,805$72,896$68,736$67,575
Bg Steven L Salazar USA Ret$30,558————

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 shares World War II Pacific Theater history to educate and inspire all generations.

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Provided by the organization

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3 programs · $8.5M · in their own filed words · FY2024
01

Museum Support

The organization oversees and manages, under agreement with the texas historical commission, the national museum of the pacific war. Visitation attendance in 2024 was 147,080.IN addition to ordinary operations during 2024, admiral nimitz foundation raised funds and began planning the renovation and expansion of the bush gallery and…

$7.9Mprogram expense
02

Retail Sales

The organization oversees and manages a museum store and a bookstore that sells references and souvenirs relating to the history of world war ii in the pacific.

$368Kprogram expense
03

Memorials and Memberships

The organization is supported by over 1,500 members and continues to expand a memorial wall of plaques in honor of world war ii heroes and a walk of engraved bricks that honors all men and women who have served.

$246Kprogram 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
See all 30 funders →
Grants paid · 4 grants · $86K · 2020–2024
Combat Marine Outdoors INCTX · FY2024$20,000
Wounded Warriors at NeboTX · FY2023$20,000
Combat Marine Outdoors INCTX · FY2022$23,000
Wounded Warriors at NeboTX · FY2020$23,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Gifts and grantsLn 1h$9.1M
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$915K
Money outPt IX
$9.5M
Ln 25
Programscol B$8.5M
Managementcol C$560K
Fundraisingcol D$394K
Owns and owesPt X
$32.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$32.5M
LiabilitiesLn 26$335K
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.1M
Government grantsLn 1e$4.7M
Fundraising eventsLn 1c$415K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$915K
Other incomeLn 4–11$439K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$22.2M
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$32.5M
LiabilitiesLn 26$335K
Net assetsLn 32$32.1M
OperationsPt I, VI
EmployeesI 567
VolunteersI 6102
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 FY24End FY24
Cash and savingsLn 1–2$3.5M$6.3M
InvestmentsLn 11–13$19.7M$22.2M
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$27.7M$32.5M
LiabilitiesLn 26$648K$335K
Net assetsLn 32$27.1M$32.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$219K$178K$25K$16K
Other salaries and wagesLn 7$2.1M$1.7M$240K$148K
Pension plan contributionsLn 8$17K$16K$674$666
Other employee benefitsLn 9$300K$276K$12K$12K
Payroll taxesLn 10$170K$138K$20K$12K
Investment management feesLn 11f$214K$214K
Other fees for servicesLn 11g$113K$13K$69K$31K
Advertising and promotionLn 12$233K$195K$6K$32K
Office expensesLn 13$152K$121K$32K
Information technologyLn 14$190K$122K$69K
OccupancyLn 16$147K$144K$3K
TravelLn 17$19K$18K$744
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$49K$3K$46K
InsuranceLn 23$89K$74K$14K
Other expenses (24a–d)Ln 24$5.5M$5.3M$8K$143K
All other expensesLn 24e$26K$11K$15K
Total functional expensesLn 25$9.5M$8.5M$560K$394K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $12.6M$9.5M$3.2M$32.1M 990 PDF
FY2023 $9.5M$6.4M$3.0M$27.1M 990 PDF
FY2022 $7.6M$6.5M$1.1M$21.4M 990 PDF
FY2021 $7.2M$5.9M$1.3M$23.9M 990 PDF
FY2020 $5.6M$6.4M−$857K$21.2M 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 FY2024 990 (6 parts)
Part I · Summary $12,642,656 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,386,147$9,103,216
I-9 Program service revenuePrior year $2,010,567$2,185,301
I-10 Investment incomePrior year $674,162$915,069
I-11 Other revenuePrior year $380,590$439,070
I-12 Total revenuePrior year $9,451,466$12,642,656
I-13 Grants and similar amounts paidPrior year $20,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,386,612$2,756,740
I-16a Professional fundraising feesPrior year $13,540$0
I-17 Other expensesPrior year $3,997,222$6,695,534
I-18 Total expensesPrior year $6,417,374$9,472,274
I-19 Revenue less expensesPrior year $3,034,092$3,170,382
Part VI · Governance 15 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members15
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 $12,642,656 across 9 lines filed
Lines not itemized here account for $436,434 of total revenue; see the IRS return.
VIII-1c Fundraising events$415,337
VIII-1e Government grants$4,713,645
VIII-1f All other contributions, gifts and grants$3,974,234
VIII-1h Total contributions, gifts and grants$9,103,216
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,185,301$2,185,301
VIII-3 Investment incomeExcluded from tax $915,069$915,069
VIII-6 Net rental income or lossExcluded from tax $60,892$60,892
VIII-8 Net income from fundraising eventsExcluded from tax −$58,256−$58,256
VIII-12 Total revenueRelated to mission $2,621,735 · Unrelated business $0 · Excluded from tax $917,705$12,642,656
Part IX · Statement of functional expenses $9,472,274 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $177,874 · Management $25,189 · Fundraising $15,588$218,651
IX-7 Other salaries and wagesPrograms $1,662,760 · Management $240,321 · Fundraising $147,932$2,051,013
IX-8 Pension plan contributionsPrograms $15,566 · Management $674 · Fundraising $666$16,906
IX-9 Other employee benefitsPrograms $276,194 · Management $11,956 · Fundraising $11,815$299,965
IX-10 Payroll taxesPrograms $138,123 · Management $19,592 · Fundraising $12,490$170,205
IX-11f Investment management feesPrograms $213,530$213,530
IX-11g Other fees for servicesPrograms $13,300 · Management $68,781 · Fundraising $31,402$113,483
IX-12 Advertising and promotionPrograms $194,727 · Management $6,340 · Fundraising $31,558$232,625
IX-13 Office expensesPrograms $120,577 · Management $31,761$152,338
IX-14 Information technologyPrograms $121,510 · Management $68,884$190,394
IX-16 OccupancyPrograms $143,934 · Management $2,889$146,823
IX-17 TravelPrograms $18,022 · Management $744$18,766
IX-19 Conferences, conventions and meetingsPrograms $6,157$6,157
IX-22 Depreciation, depletion and amortizationPrograms $3,339 · Management $46,120$49,459
IX-23 InsurancePrograms $74,402 · Management $14,472$88,874
IX-24 Other expenses (24a–d)Programs $5,306,813 · Management $7,902 · Fundraising $142,843$5,457,558
IX-24e All other expensesPrograms $10,965 · Management $14,562$25,527
IX-25 Total functional expensesPrograms $8,517,793 · Management $560,187 · Fundraising $394,294$9,472,274
Part X · Balance sheet $32,463,069 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,303,719$5,018,418
X-2 Savings and temporary cash investmentsStart of year $2,179,287$1,242,015
X-3 Pledges and grants receivableStart of year $1,483,378$1,329,699
X-4 Accounts receivableStart of year $363,803$3,374
X-8 Inventories for sale or useStart of year $231,009$243,997
X-9 Prepaid expenses and deferred chargesStart of year $37,649$26,199
X-10c Land, buildings and equipment, netStart of year $2,438,239$2,388,780
X-11 Publicly traded securitiesStart of year $19,669,400$22,210,587
X-16 Total assetsStart of year $27,706,484$32,463,069
X-17 Accounts payable and accrued expensesStart of year $512,503$205,220
X-19 Deferred revenueStart of year $135,845$130,083
X-26 Total liabilitiesStart of year $648,348$335,303
X-27 Net assets without donor restrictionsStart of year $24,900,209$28,277,608
X-28 Net assets with donor restrictionsStart of year $2,157,927$3,850,158
X-32 Total net assets or fund balancesStart of year $27,058,136$32,127,766
X-33 Total liabilities and net assetsStart of year $27,706,484$32,463,069
Part XI · Reconciliation of net assets $32,127,766 net assets at year end
XI-1 Total revenue$12,642,656
XI-2 Total expenses$9,472,274
XI-3 Revenue less expenses$3,170,382
XI-4 Net assets at start of year$27,058,136
XI-5 Net unrealized gains (losses) on investments$1,899,248
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,127,766

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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