Battleship Texas Foundation Inc
- Assets
- $11.3m
- Revenue
- $25.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Houston, TX
- Founding
- 01/1995
- Data as of
- 08/2023
- EIN
- 76-0449761
Organization Overview
Battleship Texas Foundation Inc is located in Houston, TX. The organization was established in 1995. 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 08/2023, Battleship Texas Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Battleship Texas Foundation 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 08/2023, Battleship Texas Foundation Inc generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $23.3m during the year ending 08/2023. While expenses have increased by 39.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION OF THE BATTLESHIP TEXAS TO SUPPORT THE ONGOING RESTORATION AND PRESERVATION OF THE HISTORICALLY SIGNIFICANT BATTLESHIP TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF THE BATTLESHIP TEXAS TO PRESERVE THE HISTORY, INCLUDING DETERMINING SOURCES OF LEAKS AND REPAIRING, REINFORCING FRAMEWORK AND STRUCTURE FOR OPTIMUM SAFETY, REPAIRS TO THE SUPERSTRUCTURE,HULL,AND PAINTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony K Gregory President/ceo | OfficerTrustee | 40 | $177,830 |
Thomas J Perich Chairman | OfficerTrustee | 2 | $0 |
Michael Pearson Treasurer | OfficerTrustee | 2 | $0 |
Rey Gonzales Jr Secretary | OfficerTrustee | 2 | $0 |
James Jimmy Burke Trustee | Trustee | 2 | $0 |
Brad Bouillion Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valkor Energy Services Llc Engineering | 8/30/23 | $21,224,468 |
Gulf Copper Manufacturing Co Ship Rebuilders | 8/30/23 | $716,648 |
Ppg Architectural Finishes Paint Distributor | 8/30/23 | $115,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,650,576 |
| Total Program Service Revenue | $21,843,631 |
| Investment income | $148,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$96,315 |
| Net Income from Fundraising Events | $89,698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $182,415 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,008,809 |
| 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. | $963,558 |
| Compensation of current officers, directors, key employees. | $337,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,000 |
| Payroll taxes | $61,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $89,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $165,311 |
| Office expenses | $40,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,970 |
| 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 | $10,753 |
| Insurance | $73,055 |
| All other expenses | $261,171 |
| Total functional expenses | $23,304,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,117,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,943 |
| Prepaid expenses and deferred charges | $1,978,097 |
| Net Land, buildings, and equipment | $118,743 |
| Investments—publicly traded securities | $2,892,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,611 |
| Total assets | $11,323,262 |
| Accounts payable and accrued expenses | $2,261,993 |
| 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 | $59,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,164,497 |
| Total liabilities | $6,486,093 |
| Net assets without donor restrictions | $4,245,919 |
| Net assets with donor restrictions | $591,250 |
| 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 | $11,323,262 |