Uss Midway Museum
- Assets
- $89.6m
- Revenue
- $10.0m
- Investments
- $36.3m
- Employees
- 219
- Location
- San Diego, CA
- Founding
- 12/1998
- Data as of
- 12/2020
- EIN
- 33-0556416
Organization Overview
Uss Midway Museum is located in San Diego, CA. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Uss Midway Museum employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uss Midway Museum 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 12/2020, Uss Midway Museum generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $18.4m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORIC USS MIDWAY AND THE LEGACY OF THOSE WHO SERVE, INSPIRE AND EDUCATE FUTURE GENERATIONS, AND ENTERTAIN MUSEUM GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USS MIDWAY MUSEUM IS A DYNAMIC NONPROFIT NAVAL AVIATION MUSEUM WHOSE PROGRAM ELEMENTS INCLUDE EDUCATIONAL CURRICULUM AND CLASS VISITS FOR MORE THAN 50,000 STUDENTS ANNUALLY; AN ACTIVE SLEEPOVER PROGRAM FOR YOUTH GROUPS; ONGOING DEVELOPMENT OF NAVAL AVIATION EXHIBITS; HOSTING MORE THAN 250 PRIVATE EVENTS A YEAR; MANAGING AN ACTIVE VOLUNTEER CORPS IN EXCESS OF 850; AND PROVIDING NECESSARY PROGRAM SAFETY AND SECURITY.THE MUSEUM IS A REGIONAL RESOURCE FOR A VARIETY OF NONPROFIT ORGANIZATIONS, INCLUDING EDUCATION, AND REGULARLY HOSTS COMMUNITY, BUSINESS, AND CIVIC EVENTS. ITS VISION IS TO BECOME AMERICA'S LIVING SYMBOL OF FREEDOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Radm John Mclaughlin President & CEO | OfficerTrustee | 40 | $382,661 |
Philip Hamilton CFO | Officer | 40 | $196,965 |
Leonard Santiago Dir Of Engineering | 40 | $181,988 | |
Mark Belin Director Of Ops | 40 | $144,009 | |
Liane Morton Director Of Hr | 40 | $114,679 | |
Craig Fisher Director Of Mktg | 40 | $107,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,497 |
| Total Program Service Revenue | $7,091,071 |
| Investment income | $847,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239,707 |
| Net Income from Fundraising Events | $11,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,957,373 |
| 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. | $734,463 |
| Compensation of current officers, directors, key employees. | $174,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,905,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,528,681 |
| Payroll taxes | $601,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,309 |
| Advertising and promotion | $350,664 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,423,995 |
| 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 | $3,126,376 |
| Insurance | $181,131 |
| All other expenses | $1,207,249 |
| Total functional expenses | $18,374,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,706,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,268 |
| 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 | $1,747,624 |
| Net Land, buildings, and equipment | $43,168,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $36,280,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $577,469 |
| Total assets | $89,557,357 |
| Accounts payable and accrued expenses | $2,723,330 |
| Grants payable | $0 |
| Deferred revenue | $1,099,699 |
| 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 | $520,773 |
| Total liabilities | $4,343,802 |
| Net assets without donor restrictions | $84,020,356 |
| Net assets with donor restrictions | $1,193,199 |
| 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 | $89,557,357 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Uss Midway Museum has recieved totaling $93,081.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $35,695 |
Nordson Corporation Foundation Westlake, OH PURPOSE: STEM PROGRAM | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
California Credit Union Glendale, CA PURPOSE: IN SUPPORT OF MIDWAY'S STEM FIELD TRIP PROGRAM AND THE NO CHILD LEFT ASHORE SCHOLARSHIP FUND. | $10,000 |
Elster Foundation Charlotte, NC PURPOSE: CHARITABLE | $5,000 |
Burnham Foundation San Diego, CA PURPOSE: PRESERVATION OF NAVAL AVIATION HISTORY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |