Naval History Foundation Of South Texas
- Assets
- $11.7m
- Revenue
- $219.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-0585270
Organization Overview
Naval History Foundation Of South Texas is located in Corpus Christi, TX. The organization was established in 2004. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval History Foundation Of South Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Naval History Foundation Of South Texas generated $219.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $65.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NAVAL HISTORY FOUNDATION OF SOUTH TEXAS WAS CREATED TO PROVIDE SUPPORT AND BENEFIT TO THE LADY LEX MUSEUM ON THE BAY ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NAVAL HISTORY FOUNDATION OF SOUTH TEXAS WAS ORGANIZED TO PROVIDE MONETARY SUPPORT AND BENEFIT TO THE LADY LEX MUSEUM ON THE BAY ASSOCIATION. THE LADY LEX MUSEUM PROVIDES EDUCATIONAL PROGRAMS, TOURS AND MAINTAINS EXHIBITS ABOARD THE USS LEXINGTON AIRCRAFT CARRIER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Myer President | OfficerTrustee | 1 | $0 |
Mike Carrell Treasurer | OfficerTrustee | 1 | $0 |
Eric Hamon Secretary | OfficerTrustee | 1 | $0 |
Tim Ehrmann Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $213,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,245 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $385 |
| Total functional expenses | $65,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,705,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,712,379 |
| Accounts payable and accrued expenses | $1,276 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,276 |
| Net assets without donor restrictions | $11,711,103 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,712,379 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Naval History Foundation Of South Texas has recieved totaling $9,400.
| Awarding Organization | Amount |
|---|---|
Coastal Bend Community Foundation Corpus Christi, TX PURPOSE: Elevator support and general program support | $9,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Art Association Endowment Foundation Fort Worth, TX | $167,745,649 | $12,496,724 |
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
The Hobby Center Foundation Houston, TX | $78,248,185 | $8,249,942 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Admiral Nimitz Foundation Fredericksburg, TX | $24,328,747 | $7,231,861 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Houston Symphony Endowment Houston, TX | $87,456,110 | $3,071,634 |
Houston Grand Opera Endowment Inc Houston, TX | $94,842,059 | $24,478,386 |
Science Museum Oklahoma Affiliated Fund Of Occf Inc Oklahoma City, OK | $67,323,215 | $1,438,504 |
Legacy Senior Communities Inc Dallas, TX | $477,080 | $1,747,391 |
Friends Of The Corpus Christi Museum Of Science And History Corpus Christi, TX | $443,852 | $2,592,958 |