2024-08-14T13:01:32-05:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2023-01-01 521104476 US NAVY MEMORIAL FOUNDATION USNA 2023800762 701 PENNSYLVANIA AVENUE NW 123 WASHINGTON DC 20004 JOHN B NOWELL JR PRESIDENT AND CEO 2023800762 2024-08-12 1 1 BREE-ANN WEIDNER P01319397 3015899000 2023 2024-08-08 14:25:15Z JOHN B NOWELL JR 701 PENNSYLVANIA AVENUE NW 123 WASHINGTON DC 20004 8900841 0 X WWW.NAVYMEMORIAL.ORG X 1977 IL THE US NAVY MEMORIAL'S MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE. 18 17 25 19 100000 77544 4552110 6298351 451523 512736 73168 198183 188454 291340 5265255 7300610 0 0 0 0 1738857 2027499 305000 310500 995278 3799553 3554996 5843410 5892995 -578155 1407615 3653828 4956121 2069822 1947422 1584006 3008699 X THE NAVY MEMORIAL MISSION IS TO HONOR, RECOGNIZE AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES AND THE IMPORTANT CONTRIBUTIONS MADE BY THEM WHILE SERVING IN THE UNITED STATES NAVY, MARINE CORPS, COAST GUARD AND MERCHANT MARINE. THE NAVY MEMORIAL SERVES TO EDUCATE AND INSPIRE THE AMERICAN PEOPLE ABOUT THE VITAL ROLE THAT THE SEA SERVICES PLAY IN OUR NATIONAL SECURITY AND THE RICH MARITIME HISTORY OF THE UNITED STATES. 1 0 2044465 322802 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. 556700 189934 EDUCATIONAL SERVICES: SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 1318047 SPECIAL EVENTS: SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 322016 175349 SALES OF MEMORABILIA TO FURTHER EDUCATE THE PUBLIC REGARDING THE ROLE OF THE NAVY AND THE CONTRIBUTIONS OF THOSE WHO HAVE SERVED THE UNITED STATES IN THE NAVY, MARINE CORPS, COAST GUARD OR MERCHANT MARINE. 322016 175349 4241228 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 27 0 1 25 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV NV X X SCOTT MATIRNE 2023800762 701 PENNSYLVANIA AVENUE NW 123 WASHINGTON DC 20004 ADM JOHN C HARVEY JR USN RET CHAIRMAN (RESIGNED 6/30/23) 1.00 X X 0 0 0 VADM CAROL M POTTENGER USN RET ACTING CHAIRMAN & VICE CHAIRMAN 1.00 X X 0 0 0 MR JOHN B BURKE TREASURER 1.00 X X 0 0 0 VADM HAROLD D STARLING II USN RET SECRETARY 1.00 X X 0 0 0 MR JOHN P BUSH DIRECTOR 1.00 X 0 0 0 MS JACQUELINE ARENDS DIRECTOR 1.00 X 0 0 0 MR LAWRENCE DI RITA DIRECTOR 1.00 X 0 0 0 RADM MARK HEINRICH SC USN RET DIRECTOR 1.00 X 0 0 0 MCPON JAMES L HERDT USN RET DIRECTOR 1.00 X 0 0 0 MR MATTHEW H KIRTLAND DIRECTOR 1.00 X 0 0 0 MR THOMAS R KUHN DIRECTOR 1.00 X 0 0 0 CDR HARRY COKER JR USN RET DIRECTOR (RESIGNED 12/21/2023) 1.00 X 0 0 0 MS JO DECKER DIRECTOR 1.00 X 0 0 0 CAPT JOSEPH L SPRUILL USN RET DIRECTOR 1.00 X 0 0 0 MR VICTOR S TRIONE DIRECTOR 1.00 X 0 0 0 RDML FRANK THORP IV USN RET PRESIDENT/CEO 40.00 X X 253697 0 6781 VADM LUKE MCCOLLUM USN RET DIRECTOR 1.00 X 0 0 0 RADM SAMUEL PEREZ JR USN RET DIRECTOR 1.00 X 0 0 0 CDR WILLIAM NEWELL USN RET DIRECTOR 1.00 X 0 0 0 MR MATTHEW PREVITS DIRECTOR 1.00 X 0 0 0 MR SCOTT D MATIRNE CFO 40.00 X 159182 0 9544 MS ERIN HARROUN VP PROGRAMS & ENGAGEMENT 40.00 X 138400 0 7173 CMDCM VICTOR SMITH DIRECTOR, NAT'L CHIEF'S MESS 40.00 X 124218 0 3428 MSTERESE WINEGAN DIRECTOR, SALES & EVENT OPERATIONS 40.00 X 108841 0 7379 MS LISA BARKER VP OF DEVELOPMENT (2/27/23) 40.00 X 147613 0 8146 931951 0 42451 6 0 1 0 PRODUCTION SOLUTIONS INC 1953 GALLOWS ROAD SUITE 500 VIENNA VA 22182 DIRECT MAIL PRINTING & FULFILLMENT 441444 NNE MARKETING LLC 1666 MASSACHUSETTS AVE STE 14 LEXINGTON MA 02420 DIRECT MARKETING CONSULTING 310500 LOUD AND CLEAR INC 10310 JULIAN DRIVE CINCINNATI OH 45215 AUDIO VISUAL DESIGN & INSTALLATION 308369 IMPACT XM 250 RIDGE ROAD DAYTON NJ 08810 EXHIBIT CONSTRUCTION & INSTALLATION 191532 HARGROVE INC 1 HARGROVE DRIVE LANHAM MD 20706 EVENT PRODUCTION 181078 7 228632 6069719 229668 6298351 VISITOR CENTER 900099 322802 322802 NAVY CEREMONY 900099 189934 189934 512736 56236 56236 1604376 1462429 141947 141947 141947 313151 137802 175349 175349 AFFINITY PROGRAM 900099 100000 100000 MISCELLANEOUS 900099 15991 15991 115991 7300610 688085 100000 214174 429204 318541 65817 44846 1358082 1007925 208255 141902 15690 11645 2406 1639 70353 52214 10788 7351 154170 114420 23641 16109 3596 3596 45691 45691 310500 310500 514303 393401 21817 99085 25263 21943 444 2876 1065887 806090 108102 151695 183673 5140 46634 131899 1101301 1016065 52686 32550 29550 26250 1449 1851 295222 285080 10142 6820 6820 188792 163419 25373 39523 16695 22828 LIST RENTAL EXPENSE 30535 30535 UBI TAX 22440 22440 BAD DEBT EXPENSE 2400 2400 5892995 4241228 656489 995278 X 713782 571026 0 142756 5661 5681 153256 186446 84204 48356 108118 138746 84208 439270 12144019 11015676 1245916 1128343 910121 1904124 5358 4565 1056986 1100590 3653828 4956121 430407 614653 322551 281519 1316864 1051250 2069822 1947422 X 1099575 2569223 484431 439476 1584006 3008699 3653828 4956121 1407615 17078 0 X 0 1 X 1 0 X 3978105 3633258 5137984 4357110 6298351 23404808 3978105 3633258 5137984 4357110 6298351 23404808 2159970 21244838 29551 26958 47403 34200 56236 194348 99796 105897 99362 86890 77544 469489 94670 2340 19866 29649 15991 162516 24231161 2644430 0.87680 0.93420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 263075 X 0 203684 4711 22202 186193 196662 7022 203684 192887 3775 196662 192657 5729 5499 192887 196220 4934 8497 192657 1.00000 0 0 7073164 6603651 469513 5070855 4412025 658830 1128343 DEPOSITS 528880 RIGHT OF USE ASSETS - OPERATING LEASE 571710 1100590 ANNUITIES PAYABLE 159923 OPERATING LEASE 891327 1051250 X 7455490 17078 137802 154880 7300610 0 7300610 6030797 137802 137802 5892995 0 5892995 PART III, LINE 4: THE ART COLLECTION CONSISTS OF OIL PAINTINGS OF THE EIGHT US PRESIDENTS WHO EITHER SERVED IN THE US NAVY OR WERE SECRETARIES OF THE NAVY. THE FOUNDATION'S EXEMPT PURPOSE IS TO EDUCATE THE PUBLIC ABOUT MARITIME HERITAGE. THESE PAINTINGS SHOW MEN WHO WERE A PART OF THAT MARITIME HERITAGE. THE COLLECTION ALSO INCLUDES A SERVICE AND SACRIFICE STATUE RECEIVED FROM THE US WAR DOGS ASSOCIATION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS WERE ESTABLISHED FOR THE PURPOSE OF SECURING THE FOUNDATION'S LONG-TERM FINANCIAL VIABILITY AND CONTINUING TO MEET THE NEEDS OF THE FOUNDATION. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UDNER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE FOUNDATION IS NOT CONSIDERED A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO PAY FEDERAL AND STATE INCOME TAXES ONLY ON UNRELATED BUSINESS INCOME. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 137,802. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 137,802. X X X X X 1 NNE MARKETING 1666 MASSACHUSETTS AVENUE SUITE 14 LEXINGTON MA 02420 DIRECT MAIL MARKETING 0 2064033 310500 1753533 2064033 310500 1753533 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X X X X 0 0 0 0 0 0 0 1 0 RDML FRANK THORP IV USN RET PRESIDENT/CEO 218000 0 35697 0 0 0 6540 0 241 0 260478 0 0 0 MR SCOTT D MATIRNE CFO 137550 0 21632 0 0 0 4127 0 5417 0 168726 0 0 0 MS LISA BARKER VP OF DEVELOPMENT (2/27/23) 128250 0 19363 0 0 0 3527 0 4619 0 155759 0 0 0 PART I, LINE 7 THE PRESIDENT RECEIVED A BONUS DURING THE YEAR. THIS COMES AS A RECOMMENDATION FROM THE COMPENSATION COMMITTEE AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CHIEF FINANCIAL OFFICER, VICE PRESIDENT OF PROGRAMS AND ENGAGEMENTS, VICE PRESIDENT OF DEVELOPMENT, THE DIRECTOR OF NATIONAL CHIEF'S MESS AND THE DIRECTOR OF SALES AND EVENT OPERATIONS, ALSO RECEIVED BONUSES DURING THE YEAR. THESE CAME AT THE DISCRETION OF THE PRESIDENT AND CEO. X 4 229668 FMV 0 0 0 FORM 990, PART III, LINE 2 HONOR A CHIEF PROGRAM - IN 2023, THE UNITED STATES NAVY MEMORIAL ESTABLISHED A PROGRAM AS PART OF THE DELBERT D. BLACK NATIONAL CHIEF'S MESS THAT ENABLES INDIVIDUALS TO HONOR AND RECOGNIZE A CHIEF PETTY OFFICER WHO PROVIDED INSPIRATION, MENTORSHIP, AND GUIDANCE TO THEM THROUGHOUT THEIR NAVAL CAREER. THIS PROGRAM IS DESIGNED TO HIGHLIGHT THE SIGNIFICANT AND ONGOING IMPACT THAT CHIEF PETTY OFFICERS HAVE ON THE DEVELOPMENT OF SAILORS AND OFFICERS ALIKE AND TO SHOW THE VITAL ROLE THESE OUTSTANDING INDIVIDUALS PLAY IN SHAPING THE PRESENT AND FUTURE OF THE US NAVY. FORM 990, PAGE 2, PART III, LINE 4B 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. IN 2023, THE NAVY MEMORIAL CONTINUED ITS ONLINE EDUCATION OFFERINGS TO INCLUDE A DIGITAL VERSION OF THE JUNIOR SAILOR PROGRAM, ONLINE COURSE MATERIALS FOR K-12 ON HISTORY AND HERITAGE, SEA SERVICE TRADITIONS AND ARCHIVAL RESEARCH. IN 2023, THE UNITED STATES NAVY MEMORIAL CONTINUED HOSTING A SUMMER INTERNSHIP PROGRAM FOR STUDENTS AT THE HIGH SCHOOL LEVEL TO CREATE A DIALOGUE FOCUSED ON UNITED STATES MILITARY HISTORY THROUGH AN INTERDISCIPLINARY APPROACH FOUNDED ON THE PRINCIPLES OF HISTORICAL PRESERVATION, EDUCATION, AND ACADEMIC RESEARCH. DURING THE WEEK-LONG PROGRAM, STUDENTS PARTICIPATE IN INTERACTIVE LEARNING ACTIVITIES. THEY LEARN HOW TO CONDUCT INTERVIEWS WITH SEA SERVICE VETERANS TO PRESERVE THEIR STORIES. THE STUDENTS ALSO TAKE PART IN HISTORICAL PRESERVATION EXPERIENCES WITH THE LIBRARY OF CONGRESS AND THE NATIONAL ARCHIVES. HONOR A CHIEF PROGRAM - IN 2023, THE UNITED STATES NAVY MEMORIAL ESTABLISHED A PROGRAM AS PART OF THE DELBERT D. BLACK NATIONAL CHIEF'S MESS THAT ENABLES INDIVIDUALS TO HONOR AND RECOGNIZE A CHIEF PETTY OFFICER WHO PROVIDED INSPIRATION, MENTORSHIP, AND GUIDANCE TO THEM THROUGHOUT THEIR NAVAL CAREER. THIS PROGRAM IS DESIGNED TO HIGHLIGHT THE SIGNIFICANT AND ONGOING IMPACT THAT CHIEF PETTY OFFICERS HAVE ON THE DEVELOPMENT OF SAILORS AND OFFICERS ALIKE AND TO SHOW THE VITAL ROLE THESE OUTSTANDING INDIVIDUALS PLAY IN SHAPING THE PRESENT AND FUTURE OF THE US NAVY. FORM 990, PAGE 2, PART III, LINE 4C THE FOUNDATION HOSTS SEVERAL SPECIAL EVENTS THROUGHOUT THE YEAR TO SUPPORT ITS PROGRAM ACTIVITIES. THE EVENTS CARRIED OUT DURING 2023 INCLUDED THE FOLLOWING: 1. THE LONE SAILOR AWARDS DINNER IS AN ANNUAL BLACK-TIE GALA DURING WHICH THE US NAVY MEMORIAL RECOGNIZES SEA SERVICE VETERANS WHO HAVE EXCELLED WITH DISTINCTION IN THEIR RESPECTIVE CAREERS DURING OR AFTER THEIR SERVICE. THE AWARD RECIPIENTS JOIN AN IMPRESSIVE LIST OF MEN AND WOMEN WHO HAVE DISTINGUISHED THEMSELVES BY DRAWING UPON THEIR MILITARY EXPERIENCE TO BECOME SUCCESSFUL IN THEIR SUBSEQUENT CAREERS AND LIVES, WHILE EXEMPLIFYING THE CORE VALUES OF HONOR, COURAGE AND COMMITMENT. THE NAVAL HERITAGE AWARD IS GIVEN TO AMERICANS WHO HAVE EXCELLED WITH DISTINCTION IN THEIR RESPECTIVE CAREERS, DISTINGUISHED THEMSELVES WITH THEIR SIGNIFICANT SUPPORT OF THE NATION'S SEA SERVICES, AND WHOSE LIVES AND CAREERS EXEMPLIFY THE CORE VALUES OF HONOR, COURAGE, AND COMMITMENT. THESE AWARD RECIPIENTS JOIN AN IMPRESSIVE LIST OF MEN AND WOMEN WHO HAVE MADE A DIRECT AND SIGNIFICANT CONTRIBUTION TO THE SEA SERVICES IN THEIR LIVES. IN 2023 WE CONTINUED THE IN-PERSON LONE SAILOR AWARDS DINNER AT THE NATIONAL BUILDING MUSEUM IN WASHINGTON, DC, WHERE THE AWARDS WERE PRESENTED TO THE HONOREES. 2. DELBERT D. BLACK LEADERSHIP AWARD DINNER - RECOGNIZES ONE OUTSTANDING FIRST-TOUR COMMAND MASTER CHIEF, CHIEF OF THE BOAT, OR COMMAND SENIOR CHIEF WHOSE PERFORMANCE AND LEADERSHIP OF SAILORS EMBODIES THE NAVY CORE VALUES AND CHIEF PETTY OFFICER EXPECTATIONS AND DEMONSTRATES THOSE SAME IDEALS OF SERVICE WITH SACRIFICE AS DEMONSTRATED BY MCPON BLACK, AND UPHOLDS THE HIGHEST STANDARDS OF PROFESSIONALISM AND INTEGRITY. 3. COMMEMORATIVE PLAQUE PROGRAM - PERMANENT COMMEMORATIVE PLAQUES OF SHIPS, REUNION GROUPS, HISTORICAL EVENTS, INDIVIDUALS AND FAMILIES, ETC. ON THE PLAQUE WALL WITHIN THE VISITOR CENTER. 4. SAILOR OF THE YEAR - IN ORDER TO EXPAND THE RECOGNITION OF THE OUTSTANDING SAILORS IN THE FLEET, THE NAVY INCREASED THE NUMBER OF SAILORS RECOGNIZED AS SAILORS OF THE YEAR FROM 4 IN 2020 TO 18 IN SUBSEQUENT YEARS. THE SAILOR OF THE YEAR PROGRAM AT THE UNITED STATES NAVY MEMORIAL RECOGNIZES THESE SAILORS WITH A PERMANENT SAILOR OF THE YEAR EXHIBIT THAT IS LOCATED INSIDE THE DELBERT D. BLACK NATIONAL CHIEF'S MESS IN THE UNITED STATES NAVY MEMORIAL VISITOR CENTER. 5. FANTAIL BREAKFASTS - INVITATION ONLY EVENTS THAT BRING TOGETHER SENIOR NAVY LEADERSHIP TO DISCUSS CURRENT NAVY PROJECTS AND FUTURE PLANS WITH DEFENSE INDUSTRY LEADERS. THE FANTAIL BREAKFASTS ARE OPERATED UNDER CHATHAM HOUSE RULE. 6. BRIDGE WING CHATS - BRINGS TOGETHER SENIOR NAVY LEADERS AND JUNIOR OFFICERS FOR DISCUSSIONS ON CAREER PATHS, CURRENT TOPICS AFFECTING THE NAVY, EDUCATIONAL OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT OF JUNIOR OFFICERS, ETC. 7. MOVIES ON THE MEMORIAL - NAVY-THEMED MOVIES SHOWN OUTSIDE ON THE NAVY MEMORIAL PLAZA, FREE AND OPEN TO THE PUBLIC. 8. STATUE PROGRAM - PAYS TRIBUTE TO ALL MEMBERS OF THE SEA SERVICES BY PLACING REPLICAS OF THE LONE SAILOR STATUE IN CITIES AROUND THE US AND ABROAD (NORMANDY, FRANCE). THE PROGRAM ALSO PLACES SMALLER BRONZE LONE SAILOR STATUES ON US NAVY SHIPS BEING COMMISSIONED. 9. SITREP SPEAKER SERIES - THE SITREP (SITUATION REPORT) SPEAKER SERIES WAS DEVELOPED AS A DIRECT RESULT OF THE COVID-19 PANDEMIC. THE SITREP SPEAKER SERIES FOCUSES ON A ONE-ON-ONE CHAT BETWEEN THE NAVY MEMORIAL PRESIDENT AND CEO AND A HIGH-RANKING GUEST FROM THE NAVY OR THE DEPARTMENT OF DEFENSE. THE TOPICS DISCUSSED RANGE FROM CURRENT OPERATIONS AND INITIATIVES WITHIN THE NAVY TO THE GUEST'S PERSONAL THOUGHTS ON CERTAIN MATTERS. 10. VETERAN GROUP VISIT PROGRAM - THE NAVY MEMORIAL ENTHUSIASTICALLY HOSTS VISITS BY ACTIVE-DUTY AND RETIRED MILITARY GROUPS, MILITARY REUNION GROUPS, VETERAN ORGANIZATIONS, AS WELL AS HIGH SCHOOL AND COLLEGE GROUPS THROUGHOUT THE YEAR. IN 2023 THESE GROUPS MADE MORE THAN 200 VISITS TO THE NAVY MEMORIAL TOTALING MORE THAN 16,000 PEOPLE. THE NAVY MEMORIALS'S VETERAN GROUP VISIT PROGRAM TAILORS EACH VISIT TO MEET THE UNIQUE NEEDS OF THAT GROUP. THESE VISITS ALSO PROVIDE ONE OF OUR MOST CHERISHED OPPORTUNITIES FOR THE NAVY MEMORIAL TO HONOR, RECOGNIZE, AND CELEBRATE THE MEN AND WOMEN OF THE SEA SERVICES, PAST, PRESENT AND FUTURE; AND TO INFORM THE PUBLIC ABOUT THEIR SERVICE. 11. THEATRE CHAIR PROGRAM - PERMANENT COMMEMORATIVE NAME PLATES ARE AVAILABLE TO BE PLACED ON THE CHAIRS IN THE THEATRE IN HONOR OR MEMORY OF SEA SERVICE VETERANS, FAMILIES, SHIPS, REUNION GROUPS, ETC. 12. BLESSING OF THE FLEET - AS A TRIBUTE TO OUR NATION'S RICH MARITIME HERITAGE AND THE MEN AND WOMEN WHO HAVE CONTRIBUTED TO ITS GROWTH AND SUCCESS, THE UNITED STATES NAVY MEMORIAL, IN CONJUCTION WITH NAVAL DISTRICT WASHINGTON, THE UNITED STATES NAVY BAND AND CEREMONIAL GUARD, HOSTS THE ANNUAL BLESSING OF THE FLEET IN THE NATION'S CAPITAL. DURING THIS CEREMONY, WATER FROM THE 7 SEAS AND THE GREAT LAKES IS ADDED TO THE FOUNTAINS ON THE UNITED STATES NAVY MEMORIAL AS THEY ARE CHARGED TO LIFE, USHERING IN THE SPRING SEASON. THIS EVENT PROVIDES AN OPPORTUNITY FOR INDIVIDUALS AND GROUPS TO HONOR, RECOGNIZE AND CELEBRATE LOVED ONES AND SEA SERVICE VETERANS BY ADDING THEIR NAMES TO THE EVENT PROGRAM AND ON THE UNITED STATES NAVY MEMORIAL WEBSITE. 13. NAVY LOG PROGRAM - THE UNITED STATES NAVY MEMORIAL'S NAVY LOG IS THE NATION'S LARGEST PUBLICLY AVAILABLE REPOSITORY OF SEA SERVICE PERSONNEL AND THEIR STORIES. IT WAS ESTABLISHED AS A TRIBUTE TO THOSE WHO HAVE SERVED AND A PERMANENT ARCHIVE OF THEIR MILITARY SERVICE. OUR GOAL IS TO CREATE A LEGACY OF HONOR THAT REACHES ACROSS GENERATIONS AND TELLS THE STORY OF OUR SEA SERVICE VETERANS, PRESERVING NAVAL HERITAGE FOR FUTURE GENERATIONS TO COME. 14. COMMEMORATIVE WREATH LAYING CEREMONIES - THE UNITED STATES NAVY MEMORIAL, IN CONJUNCTION WITH NAVAL DISTRICT WASHINGTON, THE UNITED STATES NAVY CEREMONIAL GUARD AND UNITED STATES NAVY BAND, HOSTS FIVE COMMEMORATIVE WREATH LAYING CEREMONIES THROUGHOUT THE YEAR. THE CEREMONIES HONOR THOSE WHO HAVE FALLEN (MEMORIAL DAY), THOSE WHO HAVE SERVED OR ARE CURRENTLY SERVING (VETERANS DAY), AS WELL AS POW/MIA DAY AND PEARL HARBOR DAY COMMEMORATIONS. IN JUNE, THE BATTLE OF MIDWAY - THE MOSE DECISIVE NAVAL VICTORY IN THE HISTORY OF THE UNITED STATES NAVY, IS COMMEMORATED WITH A WREATH LAYING CEREMONY ON THE UNITED STATES NAVY MEMORIAL PLAZA. ALL WREATH LAYING EVENTS ARE FREE AND OPEN TO THE PUBLIC. 15. CONCERTS ON THE AVENUE - TUESDAY EVENINGS FROM JUNE THROUGH AUGUST, THE UNITED STATES NAVY MEMORIAL IN CONJUNCTION WITH NAVAL DISTRICT WASHINGTON AND THE UNITED STATES NAVY BAND AND CEREMONIAL GUARD, HOST EVENING CONCERTS ON THE AVENUE. THESE CONCERTS ARE FREE AND OPEN TO THE PUBLIC. FORM 990, PART VI THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD, VICE-CHAIRMAN, SECRETARY, TREASURER AND ALL BOARD COMMITTEE CHAIRMEN, AS WELL AS THE PRESIDENT AND CEO OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE, EACH MEMBER OF THE FINANCE AND INVESTMENT COMMITTEE IS GIVEN A COPY FOR THEIR REVIEW. ONCE THE FINANCE AND INVESTMENT COMMITTEE HAS REVIEWED THE RETURNS, THE RETURNS ARE SENT TO THE ENTIRE GOVERNING BODY, WHICH HAS FIVE DAYS TO REVIEW AND SUBMIT QUESTIONS. ALL QUESTIONS ARE COLLECTIVELY ANSWERED ELECTRONICALLY PRIOR TO SUBMISSION OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, AT THE SPRING MEETING, THE BOARD AND SENIOR STAFF COMPLETE THE CONFLICT OF INTEREST STATEMENT. IT IS EMAILED OR FAXED TO THOSE NOT ATTENDING THE MEETING. WHEN RETURNED, THE STATEMENTS ARE REVIEWED BY SENIOR MANAGEMENT. SENIOR MANAGEMENT IS USUALLY AWARE OF THE CONFLICT PRIOR TO ADDING THE PERSON TO THE BOARD OR TO THE STAFF. BETWEEN SPRING BOARD MEETINGS, THE CHAIRMAN ADVISES THE DIRECTORS AND SENIOR STAFF THAT THEY ARE TO UPDATE THE CONFLICT OF INTEREST STATEMENTS IN THE EVENT OF A POSSIBLE CONFLICT OF INTEREST. IN THE EVENT OF A CONFLICT OF INTEREST, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS AT THE UNITED STATES NAVY MEMORIAL FOUNDATION IS DESIGNED TO PROVIDE COMPENSATION THAT IS AT THE MEDIAN LEVEL OF FOUNDATIONS AND ASSOCIATIONS IN THE NATIONAL CAPITAL REGION. THE LEADERSHIP TEAM AT THE UNITED STATES NAVY MEMORIAL FOUNDATION, CONSISTING OF THE PRESIDENT, CEO AND THE CHIEF FINANCIAL OFFICER, MEET ANNUALLY TO REVIEW THE POSITION DESCRIPTIONS AND THE LEVEL OF WORK TO ENSURE THAT THE INDIVIDUALS IN THE FOUNDATION ARE EFFECTIVELY BEING COMPARED TO THEIR PEERS IN OTHER ORGANIZATIONS. DURING THE COMPENSATION REVIEW PROCESS, THE WORK PERFORMANCE OF ALL EMPLOYEES ARE REVIEWED, AND A DETERMINATION IS MADE REGARDING ANY INCREASES IN SALARY. ADDITIONALLY, A DECISION IS MADE ABOUT WHETHER ANY RAISE IS POSSIBLE BASED ON THE FOUNDATION'S FINANCIAL CONDITION. QUARTERLY, EMPLOYEES ARE REVIEWED ON THE BASIS OF PERFORMANCE. THE PERFORMANCE REVIEW DOCUMENT IS WRITTEN FOR EACH INDIVIDUAL EVALUATING THEIR PERFORMANCE AGAINST THE GOALS THAT ARE ESTABLISHED FOR THE YEAR. THE COMPENSATION COMMITTEE ALSO REVIEWS THE AGGREGATE SALARY STRUCTURE FOR THE REMAINDER OF THE EMPLOYEES TO ENSURE THAT THE AGGREGATE COMPENSATION APPEARS FAIR AND REASONABLE. THE COMPENSATION FOR THE PRESIDENT IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. THE TOTAL COMPENSATION POOL FOR STAFF IS ALSO REVIEWED ANNUALLY BY THIS COMMITTEE. THE PRESIDENT AND CEO'S MOST RECENT COMPENSATION REVIEW WAS HELD IN DECEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC, HOWEVER THE AUDITED FINANCIAL STATEMENTS AND THE 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.