Military Heritage Museum Inc
- Assets
- $1.7m
- Revenue
- $751.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Punta Gorda, FL
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 65-1036360
Organization Overview
Military Heritage Museum Inc, operating under the name 1200 West Retta Esplanade, is located in Punta Gorda, FL. The organization was established in 2002. According to its NTEE Classification (A50) the organization is classified as: 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. 1200 West Retta Esplanade 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, 1200 West Retta Esplanade generated $751.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $808.3k during the year ending 12/2022. While expenses have increased by 19.8% 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
THE MISSION OF THE MILITARY HERITAGE MUSEUM IS TO PROMOTE AN UNDERSTANDING AND RESPECT FOR THE RICH MILITARY HERITAGE OF THE UNITED STATES AND THE SACRIFICES MADE BY ALL WHO SERVE, LIVING AND DECEASED, EMPHASIZING THAT FREEDOM ISN'T FREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GALLERIES AND EXHIBITS IS THE SIGNATURE PROGRAM OF THE MUSEUM. FROM THE REVOLUTIONARY WAR THROUGH MODERN CONFLICTS, AND ACROSS ALL FIVE MILITARY BRANCHES, THE MUSEUM UTILIZES THESE MULTIPLE INTERPRETIVE METHODS TO EDUCATE ITS VISITORS ON THE HERITAGE ASPECTS OF US MILITARY HISTORY. THROUGH A BLEND OF INTEGRATING ITS TWENTY-THOUSAND PLUS ARTIFACTS, VETERAN MUSEUM GUIDES, FLIGHT AND VIRTUAL REALITY SIMULATORS, GRAPHICS, LIVE PERFORMANCE, AND AUDIOVISUAL; THE MUSEUM PROVIDES UNIQUE INNOVATIVE EXPERIENCES THROUGHOUT ITS 6 GALLERIES AND SPECIAL EXHIBITS. THE MUSEUM'S GULF THEATRE WAS BUILT BY THE ORIGINAL OWNERS TO PROVIDE MEETINGS AND LECTURES WITH A TOTAL OF 247 SEATS. THE THEATRE OFFERS THE OPPORTUNITY TO DELIVER ALL THE NECESSARY ELEMENTS FOR LECTURES, MEETINGS, CONCERTS, FILMS, AND PERFORMING ARTS. IN 2020 THE THEATRE WAS SIGNIFICANTLY RENOVATED IN ORDER TO PROVIDE MILITARY-THEMED CEREMONIES, MOVIES, PLAYS, LECTURES AND OTHER PERFORMANCE-BASED ACTIVITIES SUPPORTING ITS HERITAGE-BASED MISSION. THE MILITARY HERTIAGE MUSEUM LEVERAGES THE THEATRE AS A CRITICAL PROGRAM AREA FOR CREATING MEANINFUL EXPERIENCES FOR THE MUSEUM'S MEMBERS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rexford R Koch Treasurer | OfficerTrustee | 2 | $0 |
Sam S Harris Secretary | OfficerTrustee | 3 | $0 |
Fredrick Buckingham Director | Trustee | 2 | $0 |
Alois Burda III Director | Trustee | 2 | $0 |
Stephen Dionisio Director | Trustee | 2 | $0 |
Randall Francis Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,502 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,721 |
| Noncash contributions included in lines 1a–1f | $38,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,054 |
| Total Program Service Revenue | $368,183 |
| Investment income | -$15,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,017 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,813 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,370 |
| Payroll taxes | $23,065 |
| 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 | $0 |
| Advertising and promotion | $31,016 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,283 |
| Travel | $1,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,872 |
| Insurance | $31,195 |
| All other expenses | $85,735 |
| Total functional expenses | $808,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,916 |
| 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 | $12,987 |
| Prepaid expenses and deferred charges | $31,562 |
| Net Land, buildings, and equipment | $561,195 |
| Investments—publicly traded securities | $96,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,674,467 |
| Accounts payable and accrued expenses | $4,551 |
| Grants payable | $0 |
| Deferred revenue | $167,074 |
| 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 | $453,141 |
| Total liabilities | $624,766 |
| Net assets without donor restrictions | $548,701 |
| Net assets with donor restrictions | $501,000 |
| 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 | $1,674,467 |