Uss Lst Ship Memorial Inc
- Assets
- $3.3m
- Revenue
- $581.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Evansville, IN
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 25-1581762
Organization Overview
Uss Lst Ship Memorial Inc is located in Evansville, IN. The organization was established in 1988. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Uss Lst Ship Memorial Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uss Lst Ship Memorial Inc 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, Uss Lst Ship Memorial Inc generated $581.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $475.8k 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
TO EDUCATE ITS VISITORS TO THE ROLE OF THE LST IN WORLD WAR II, KOREA, AND VIETNAM, AND PRESERVE THE MEMORY OF THESE SHIPS AND ALL THE COUNTLESS HEROIC MEN WHO DIED IN BATTLE DURING THE SERVICE TO THEIR COUNTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE EDUCATIONAL MISSION, THE MUSEUM PRESENTED EXHIBITS AND PROGRAMS TO THE PUBLIC. ARTIFACTS, BOOKS, PHOTOGRAPHS, ORAL HISTORIES, AND ARCHIVAL MATERIAL RELATING TO THE SERVICE OF LSTS IN GENERAL, AND THE USS LST 325 IN PARTICULAR, WERE COLLECTED AND DISPLAYED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Engstrom Executive Officer | Officer | 20 | $28,115 |
John Tallent President | OfficerTrustee | 1 | $0 |
Owen Chapman Assistant Treasurer | OfficerTrustee | 1 | $0 |
Robert Duval Secretary | OfficerTrustee | 1 | $0 |
John Hatton Vice President | OfficerTrustee | 1 | $0 |
Chris Donahue Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,543 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,287 |
| Total Program Service Revenue | $214,074 |
| Investment income | $179,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,025 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $66,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $28,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,190 |
| Office expenses | $38,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,159 |
| Travel | $11,593 |
| 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 | $44,403 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $475,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,499 |
| Savings and temporary cash investments | $0 |
| 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 | $115,761 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $294,253 |
| Investments—publicly traded securities | $2,709,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,347,847 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,549 |
| Total liabilities | $4,549 |
| Net assets without donor restrictions | $3,343,298 |
| 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 | $3,347,847 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Uss Lst Ship Memorial Inc has recieved totaling $6,399.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Ibm International Foundation Armonk, NY PURPOSE: EMPLOYEE MATCHING GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $208 |
Aetna Foundation Inc Hartford, CT PURPOSE: GENERAL PURPOSE | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
Indiana State Museum Foundation Inc Indianapolis, IN | $12,226,178 | $2,921,038 |
Mccreary County Heritage Foundation Inc Stearns, KY | $7,302,941 | $1,742,693 |