Pentagon Memorial Fund Inc
- Assets
- $16.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Arlington, VA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 43-2018221
Organization Overview
Pentagon Memorial Fund Inc is located in Arlington, VA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pentagon Memorial Fund 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, Pentagon Memorial Fund Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MAINTENANCE OF THE PENTAGON MEMORIAL AND EDUCATE THE PUBLIC ON THE EVENTS OF 9/11.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITOR EDUCATION CENTER:WITH THE PENTAGON MEMORIAL COMPLETE, THE PENTAGON MEMORIAL FUND FOCUSES ON DEVELOPING EDUCATION RESOURCES THAT ENHANCE THE VISITORS' EXPERIENCE AT THE MEMORIAL BY HELPING THEM UNDERSTAND THE 9/11 EVENTS, THE HISTORIC SIGNIFICANCE OF THE MEMORIAL SITE AND THE UNIQUE ELEMENTS OF THE PENTAGON MEMORIAL.
PENTAGON MEMORIAL MAINTENANCE:THE FUND SUPPORTS THE YEARLY MAINTENANCE OF THE PENTAGON MEMORIAL.
EDUCATION AND OUTREACH:CONTINUING EFFORTS TO EDUCATE AND INFORM THE PUBLIC ON THE EVENTS OF 9/11 AS THEY RELATE TO THE ATTACK ON THE PENTAGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Laychak Ex-Officio/exec Director | Officer | 40 | $240,353 |
Sean T Connaughton Board Chair & President | OfficerTrustee | 1 | $0 |
Karen Maude Secretary | OfficerTrustee | 1 | $0 |
John P Langan CPA Treasurer | OfficerTrustee | 1 | $0 |
Theodore B Olson Director | Trustee | 1 | $0 |
Teresa Carlson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fentress Architects Ltd Architectural Design Services | 12/30/21 | $1,069,318 |
The Prd Group Llc Exhibit Design Services | 12/30/21 | $400,144 |
Yellow Rook Llc Marketing & Website Management | 12/30/21 | $260,968 |
Mark G Anderson Consultants Inc Program Management Services | 12/30/21 | $326,070 |
Hahn Group Inc Fundraising Consultation | 12/30/21 | $297,500 |
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 | $2,806,609 |
| Noncash contributions included in lines 1a–1f | $459,024 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,806,609 |
| Total Program Service Revenue | $0 |
| Investment income | $211,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $223,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,241,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,000 |
| 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. | $279,914 |
| Compensation of current officers, directors, key employees. | $83,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $376,700 |
| Fees for services: Investment Management | $49,939 |
| Fees for services: Other | $270,696 |
| Advertising and promotion | $166,651 |
| Office expenses | $20,138 |
| Information technology | $26,903 |
| Royalties | $0 |
| Occupancy | $4,952 |
| Travel | $3,046 |
| 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 | $57,722 |
| Insurance | $3,405 |
| All other expenses | $0 |
| Total functional expenses | $1,675,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $788,156 |
| Pledges and grants receivable | $1,050,000 |
| 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 | $2,420 |
| Net Land, buildings, and equipment | $4,665,351 |
| Investments—publicly traded securities | $9,873,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $408,021 |
| Other assets | $0 |
| Total assets | $16,787,458 |
| Accounts payable and accrued expenses | $55,461 |
| 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 | $55,461 |
| Net assets without donor restrictions | $16,731,997 |
| 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 | $16,787,458 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pentagon Memorial Fund Inc has recieved totaling $220,100.
| Awarding Organization | Amount |
|---|---|
Gary Sinise Foundation Nashville, TN PURPOSE: ORGANIZATION SUPPORT GRANT | $100,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Reinsch Pierce Family Foundation Inc Arlington, VA PURPOSE: SUPPORT REMEMBERANCE OF 911 | $10,000 |
Gordon & Llura Gund Foundation Princeton, NJ PURPOSE: TO HELP FURTHER CHARITABLE PURPOSES OF ORGANIZATION. | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $9,441,975 |
| Earnings | $1,166,711 |
| Admin Expense | $49,939 |
| Other Expense | $350,000 |
| Ending Balance | $10,208,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of The Daughters Of The American Revolution Washington, DC | $207,089,115 | $26,508,264 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Hillwood Estate Museum & Gardens Washington, DC | $379,536,354 | $20,308,723 |
Bell Tower Green Inc Salisbury, NC | $2,054,412 | $2,539,569 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |