Old Naval Hospital Foundation
- Assets
- $11.4m
- Revenue
- $2.5m
- Investments
- -$71.9k
- Employees
- 12
- Location
- Washington, DC
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 27-0038119
Organization Overview
Old Naval Hospital Foundation is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Old Naval Hospital Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Naval Hospital Foundation 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 12/2022, Old Naval Hospital Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RENOVATE THE HISTORIC OLD NAVAL HOSPITAL FOR DEVELOPMENT OF HILL CENTER, AN ARTS AND CULTURAL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONHF ACCOMPLISHED THE MISSION ABOVE WITH HILL CENTER ACTIVITIES THAT INCLUDED AN ESTIMATED 850 CLASSES AND WORKSHOPS; 20 PUBLIC PERFORMANCES (CONCERTS AND OTHER LIVE OFFERINGS); 19 LECTURES; 3 LIVE ART EXHIBITION AND OPENINGS AND 575 RENTALS OF PORTIONS OF THE FACILITY BY OTHERS. APPROXIMATELY 35,000 PEOPLE ATTENDED EVENTS AT HILL CENTER IN THE YEAR ENDING DECEMBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicky Cymrot Board Member | Trustee | 5 | $0 |
Rosemary Freeman Board Member | Trustee | 2 | $0 |
Bonny Wolf Board Member | Trustee | 1 | $0 |
Guy Martin Board Member/past Presiden | Trustee | 1 | $0 |
Hal Wackman Board Member | Trustee | 5 | $0 |
David Dantzic Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,355,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,627,238 |
| Total Program Service Revenue | $797,903 |
| Investment income | $55,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,340 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,472,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,650 |
| 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. | $170,908 |
| Compensation of current officers, directors, key employees. | $27,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,444 |
| Payroll taxes | $42,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,466 |
| Fees for services: Other | $116,893 |
| Advertising and promotion | $30,203 |
| Office expenses | $52,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,224 |
| 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 | $356,657 |
| Insurance | $37,640 |
| All other expenses | $2,568 |
| Total functional expenses | $1,630,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,068 |
| Savings and temporary cash investments | $1,325,247 |
| 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 | $7,758,519 |
| Investments—publicly traded securities | $2,277,856 |
| Investments—other securities | -$71,907 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,061 |
| Total assets | $11,425,844 |
| 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 | $110,344 |
| Total liabilities | $110,344 |
| Net assets without donor restrictions | $11,315,500 |
| 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 | $11,425,844 |
Grants Awarded
Over the last fiscal year, Old Naval Hospital Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES ARCHDIOCESE OF WASHINGTON PURPOSE: GIFT IN MEMEORY OF MS. LUCIE GIKOVICH | $10,000 |
EVERYONE HOME DC PURPOSE: GIFT IN MEMEORY OF MS. LUCIE GIKOVICH | $10,000 |