Uss Yorktown Foundation
- Assets
- $734.5k
- Revenue
- $517.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Mt Pleasant, SC
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-1892486
Organization Overview
Uss Yorktown Foundation is located in Mt Pleasant, SC. The organization was established in 2014. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Uss Yorktown 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 06/2022, Uss Yorktown Foundation generated $517.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $299.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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
THE USS YORKTOWN FOUNDATION PARTNERS WITH PATRIOTS POINT NAVAL AND MARITIME MUSEUM TO INSPIRE OUR CHILDREN, VISITORS, COMMUNITY AND THE WORLD BY PROMOTING AMERICA'S PROUD LONGSTANDING TRADITIONS OF SERVICE, LEADERSHIP, DUTY AND SACRIFICE THROUGH EDUCATION, EXHIBITS, PROGRAMMING AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USS YORKTOWN FOUNDATION RAISES FUNDS TO CREATE NEW EXHIBITS AND UPGRADE EXISTING EXHIBITS ON THE USS YORKTOWN, THE USS LAFFEY, AND THE VIETNAM EXPERIENCE AT PATRIOTS POINT NAVAL AND MARITIME MUSEUM. PROJECTS FROM THIS YEAR INCLUDE RESTORATION OF HISTORIC AIRCRAFT ON THE FLIGHT DECK, REPLACEMENT OF AIRCRAFT TIRES, RESTORATION AND REPAIRS ON THE USS LAFFEY, RESTORATION AND MATERIAL ACQUISITION OF THE PRIMARY FLIGHT CONTROL SYSTEM, ARTIFACT RESTORATION.
THE USS YORKTOWN FOUNDATION RAISES FUNDS TO SUPPORT SPECIAL PROGRAMS AND EVENTS AT THE MUSEUM. THIS INCLUDES THE ANNUAL 4TH OF JULY BLAST FIREWORKS, THE VOLUNTEER PROGRAM, AND FRAGILE COLLECTIONS EXHIBIT OPENING.
THE USS YORKTOWN FOUNDATION RAISES FUNDS FOR SCHOLARSHIPS FOR UNDER- RESOURCED STUDENTS TO ATTEND EDUCATIONAL PROGRAMMING ONBOARD THE SHIP. THIS PROGRAM WAS SUSPENDED FOR COVID AND DID NOT RESTART UNTIL MARCH 2022.
SEE SCHEDULE O DETAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Hunt Executive Di | OfficerTrustee | 40 | $85,000 |
Chauncey R Clark Board Chairm | OfficerTrustee | 2 | $0 |
Rebecca P Costanzo Board Member | Trustee | 2 | $0 |
George P Waters Board Member | Trustee | 2 | $0 |
Michael R Sudzina Board Member | Trustee | 2 | $0 |
James H Flatley III Vice Chairma | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,406 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,472 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,878 |
| Total Program Service Revenue | $293,370 |
| Investment income | $2,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,761 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $25,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,138 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $720 |
| Fees for services: Other | $8,032 |
| Advertising and promotion | $0 |
| Office expenses | $1,399 |
| Information technology | $6,730 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,462 |
| All other expenses | $1,242 |
| Total functional expenses | $299,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,448 |
| Savings and temporary cash investments | $574,401 |
| 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 | $18,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $78,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410 |
| Total assets | $734,468 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $409,347 |
| Net assets with donor restrictions | $325,121 |
| 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 | $734,468 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Uss Yorktown Foundation has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
The Ilsababy Foundation Sullivans Island, SC PURPOSE: EDUCATION/ARTS | $35,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,750 |
Mark Elliott Motley Foundation Inc Charleston, SC PURPOSE: CHILD EDUCATION PROGRAMS | $10,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $250 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Charleston Museum Charleston, SC | $22,919,139 | $2,871,325 |
Museum Of The New South Inc Charlotte, NC | $19,470,866 | $6,687,366 |
Wheels Through Time Museum Inc Maggie Valley, NC | $9,023,268 | $3,376,533 |
Middleton Place Foundation Charleston, SC | $38,947,453 | $9,851,787 |
Upcountry History Museum Greenville, SC | $5,015,071 | $1,133,464 |
Friends Of The Strand Inc Marietta, GA | $4,885,519 | $1,911,052 |
The North Carolina Museum Of History Associates Inc Raleigh, NC | $798,352 | $1,183,113 |
Railway Tie Association Fayetteville, GA | $1,038,255 | $920,896 |
Augusta Museum Of History Inc Augusta, GA | $3,503,455 | $909,903 |