2023-08-23T11:37:54-05:00 2022-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2022-01-01 521104476 US NAVY MEMORIAL FOUNDATION USNA 2023800762 701 PENNSYLVANIA AVENUE NW 123 WASHINGTON DC 20004 REAR ADM FRANK THORP IV USN RET PRESIDENT AND CEO 2023800762 2023-08-14 1 REAR ADM FRANK THORP IV U 999009999 0 RAYMOND BARBAGALLO P00173692 3015899000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z REAR ADM FRANK THORP IV 701 PENNSYLVANIA AVENUE NW 123 WASHINGTON DC 20004 5757340 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. 20 19 32 2 100100 86890 5137984 4552110 223925 451523 63268 73168 222055 188454 5647232 5265255 0 0 0 0 1411342 1738857 294000 305000 1203926 3413909 3799553 5119251 5843410 527981 -578155 3731955 3653828 1307066 2069822 2424889 1584006 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 2268872 266101 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. 251553 185422 EDUCATIONAL SERVICES: SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 1329298 SPECIAL EVENTS: SEE SCHEDULE O FOR COMPLETE DESCRIPTION. 257443 58142 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. 257443 58142 4107166 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 1 0 0 0 0 0 0 0 1 31 0 1 32 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 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 1.00 X X 0 0 0 VADM CAROL M POTTENGER USN RET 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 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 MR FRANK B GLASSNER DIRECTOR (RESIGNED 5/27/22) 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 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 245697 0 6300 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 146233 0 9280 MS ERIN HARROUN VP OF PROGRAMS & ENGAGEMENT 40.00 X 136548 0 6725 VICTOR SMITH DIRECTOR, NAT'L CHIEF'S MESS 40.00 X 113065 0 3150 641543 0 25455 4 0 1 0 ALONGI MEDIA SOLUTIONS 119 COBBLESTONE BLVD MONROE TOWNSHIP NJ 08831 VIDEO FILMING AND PRODUCTION 338990 NNE MARKETING LLC 1666 MASSACHUSETTS AVE STE 14 LEXINGTON MA 02420 DIRECT MAIL CONSULTING 305000 THE KORTH COMPANIES INC 9101 GAITGHER ROAD GAITHERSBURG MD 20877 CONSTRUCTION 165771 OCCASIONS CATERERS 655 TAYLOR STREET NE WASHINGTON DC 20017 EVENT CATERING 128862 HARGROVE INC 1 HARGROVE DRIVE LANHAM MD 20706 EVENT PRODUCTION 116256 6 4552110 200577 4552110 VISITOR CENTER 900099 266101 266101 NAVY CEREMONY 900099 185422 185422 451523 33637 33637 563 563 389165 349634 39531 39531 39531 200593 142451 58142 58142 AFFINITY PROGRAM 900099 100100 100100 29649 29649 129749 5265255 509665 100100 103380 X 407510 261631 59773 86106 1129825 725373 165722 238730 11210 7197 1644 2369 47484 30486 6965 10033 142828 91699 20950 30179 5233 5233 41000 41000 305000 305000 621344 597047 22460 1837 27123 12748 10985 3390 909283 730683 81404 97196 138339 12896 39045 86398 1118676 1030265 45946 42465 30876 20016 17 10843 279181 261973 8416 8792 788 788 229065 206307 22758 DIRECT MAIL CAMPAIGNS 344298 115045 0 229253 UBI TAX 27529 27529 LIST RENTAL EXPENSE 23018 23018 BAD DEBT EXPENSE 3800 3800 5843410 4107166 532318 1203926 X 66094 5661 561730 153256 23350 147149 84204 95184 108118 125174 84208 12073593 10827677 1069231 1245916 1494422 910121 6151 5358 143470 1056986 3731955 3653828 299180 430407 657831 322551 350055 1316864 1307066 2069822 X 1925515 1099575 499374 484431 2424889 1584006 3731955 3653828 -578155 -262728 0 X 0 1 X 1 0 X 5099361 3978105 3633258 5137984 4357110 22205818 5099361 3978105 3633258 5137984 4357110 22205818 757869 21447949 36065 29551 26958 47403 34200 174177 101767 99796 105897 99362 18476 425298 5633 94670 2340 19866 29649 152158 22957451 2291729 0.93420 0.93060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 263075 X 0 196662 7022 203684 192887 3775 196662 192657 5729 5499 192887 196220 4934 8497 192657 195056 6163 4999 196220 1.00000 0.00000 0 0 7060097 6549883 510214 5013496 4277794 735702 1245916 DEPOSITS 152393 RIGHT OF USE ASSETS - OPERATING LEASE 904593 1056986 ANNUITIES PAYABLE 189218 OPERATING LEASE 1127646 1316864 X 5144978 -262728 -262728 5407706 -142451 -142451 5265255 5985861 142451 142451 5843410 0 5843410 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 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 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, 2022 AND 2021 . PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -142,451. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 142,451. X X X X X 1 NNE MARKETING 1666 1666 MASSACHUSETTS AVENUE SUITE 14 LEXINGTON MA 02420 DIRECT MAIL MARKETING 0 2167526 305000 1860689 2167526 305000 1860689 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 210000 0 35697 0 0 0 6300 0 0 0 251997 0 0 0 MR SCOTT D MATIRNE CFO 131000 0 15233 0 0 0 3930 0 5350 0 155513 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 AND THE DIRECTOR OF NATIONAL CHIEF'S MESS ALSO RECEIVED BONUSES DURING THE YEAR. THESE CAME AT THE DISCRETION OF THE PRESIDENT AND CEO. X 1 195000 FMV X 2 5577 FMV 0 0 0 FORM 990, PART III, LINE 2 SUMMER INTERNSHIP PROGRAM: THE UNITED STATES NAVY MEMORIAL HOSTS 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. 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 2022, 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 2022, THE UNITED STATES NAVY MEMORIAL STARTED 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. 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 2022 INCLUDED THE FOLLOWING: 1. LONE SAILOR AWARDS DINNER - RECOGNIZES THE ACCOMPLISHMENTS OF FORMER MEMBERS OF THE SEA SERVICES AND EDUCATES THE PUBLIC ON THE MISSION OF THE NAVY MEMORIAL. IN 2022 WE WERE ABLE TO MAKE A FULL RETURN TO THE IN-PERSON LONE SAILOR AWARDS DINNER AT THE NATIONAL BUILDING MUSEUM IN WASHINGTON, DC, WHERE THE AWARDS WERE PRESENTED TO THE HONOREES. FOR THOSE WHO WERE UNABLE TO ATTEND THE GALA, THE PROGRAM WAS AIRED ONLINE FIVE DAYS LATER TO AN EXPANDED GLOBAL AUDIENCE. 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. IN 2022 THE COMMEMORATIVE PLAQUE WALL WAS RENOVATED AND EXPANDED TO ALLOW FOR AN ADDITIONAL 3,000 COMMEMORATIVE PLAQUES TO BE ADDED IN FUTURE YEARS. 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 NAVY MEMORIAL RECOGNIZES THESE SAILORS THROUGH THE PRODUCTION OF A BROADCAST QUALITY, HOUR-LONG ONLINE PROGRAM THAT FEATURES A VIDEO OF EACH OF THE SAILORS OF THE YEAR. THE PROGRAM IS BROADCAST ON THE NAVY'S BIRTHDAY. CLIPS OF THAT PROGRAM ARE THEN ADDED TO THE PERMANENT SAILOR OF THE YEAR EXHIBIT WHICH IS LOCATED INSIDE THE DELBERT D. BLACK NATIONAL CHIEF'S MESS IN THE NAVY MEMORIAL'S 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 2022 THESE GROUPS MADE MORE THAN 140 VISITS TO THE NAVY MEMORIAL TOTALING MORE THAN 13,000 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. 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 THREE 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. ANNUALLY, 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 2022. 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. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 38,579. MANAGEMENT AND GENERAL EXPENSES 17,629. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,208. EVENT PRODUCTION: PROGRAM SERVICE EXPENSES 401,960. MANAGEMENT AND GENERAL EXPENSES 28. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 401,988. PROJECT MANAGEMENT FEE: PROGRAM SERVICE EXPENSES 56,368. MANAGEMENT AND GENERAL EXPENSES 4,803. FUNDRAISING EXPENSES 1,837. TOTAL EXPENSES 63,008. VIDEO PRODUCTION: PROGRAM SERVICE EXPENSES 100,140. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,140.