Vietnam Veterans Memorial Fund Inc

EIN: 521149668 501(c)(3) Arts, Culture & Humanities

Arlington, VA

Total Revenue
$8,598,229
Total Expenses
$6,392,916
Total Assets
$24,743,873
Net Assets
$23,824,047
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
DC
Principal Officer
Christopher J Knotts
Phone
2023930090
Tax Period
2024-10-01 to 2025-09-30

Vietnam Veterans Memorial Fund Inc, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 26% operating margin.

Mission

To honor and preserve the legacy of service and educate all generations about the impact of the Vietnam War.

Program Service Accomplishments

Program 1
Expenses: $2,182,115

Memorial Legacy - The Organization preserves the legacy of the Memorial and promoting healing through public outreach and awareness, as well as promoting visitation of the Memorial to the general...

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Memorial Legacy - The Organization preserves the legacy of the Memorial and promoting healing through public outreach and awareness, as well as promoting visitation of the Memorial to the general public. The Fund interacts with the public both in person and online to provide information about the Memorial's legacy. In person, Fund staff provide tours, answer questions about The Wall and its history, and do name rubbings for those that can't visit. Online, the Fund's website provides historical and educational information about the Memorial and those whose names are inscribed on it. The Wall of Faces portion of the website provides a page for each service member whose name is inscribed on The Wall and allows families, friends, and veterans to post remembrances and photos, extending the healing power and emotional impact of The Wall to millions of people through the internet. The Fund also uses social media and other digital content and technologies including a mobile app to share the story of the Memorial and its legacy with people all around the world.

Program 2
Expenses: $792,196 Revenue: $384,989

The Wall That Heals - The Organization promotes healing and provides education about the impact of the Vietnam War through the traveling Memorial called "The Wall That Heals." The Fund exhibits a...

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The Wall That Heals - The Organization promotes healing and provides education about the impact of the Vietnam War through the traveling Memorial called "The Wall That Heals." The Fund exhibits a 3/4-scale replica of the Vietnam Veterans Memorial in cities and locations throughout the United States, making it possible for individuals who are unable to travel to Washington, D.C., to recognize, remember, and honor those who served and died, and to experience a connection with lost comrades and loved ones. The traveling Memorial also includes a mobile education center to teach visitors of all ages about the Vietnam War and the era.

Program 3
Expenses: $415,250

Memorial Maintenance - The Organization works in cooperation with the National Park Service to provide for special maintenance needs of the Vietnam Veterans Memorial in Washington, D.C., including...

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Memorial Maintenance - The Organization works in cooperation with the National Park Service to provide for special maintenance needs of the Vietnam Veterans Memorial in Washington, D.C., including the adjacent Three Servicemen statue, flagpole, Vietnam Women's Memorial, In Memory plaque, and the three-acre site where the Vietnam Veterans Memorial is located; to maintain the site's function as a place of reflection on the Vietnam War; a place of honor, recognition, and remembrance of those who served and those who died; a place of spiritual connection with lost comrades and loved ones; and a symbol of healing for our nation. In 2023, VVMF assumed maintenance responsibility for the Vietnam Women's Memorial through its partnership with the Park Service. VVMF now cares for and helps maintain the entire memorial site including the Wall, the Three Servicemen Statue, the Vietnam Women's Memorial and the In-Memory plaque. The Memorial has been visited by more than 95 million people, making it one of the most visited memorials on the National Mall. This year nearly 5 million people visited the Vietnam Veterans Memorial in Washington, D.C.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,204,995
Program Service Revenue $432,000
Investment Income $818,806
Other Revenue $142,428
TOTAL REVENUE $8,598,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,893,550
Fundraising Expenses $1,539,976
Program Expenses $4,342,547
Other Expenses $4,137,782
TOTAL EXPENSES $6,392,916

Year-over-Year Comparison

2024 2023 Change
Revenue $8,598,229 $7,652,059 +0.1%
Expenses $6,392,916 $7,030,301 -0.1%
Net Income $2,205,313 $621,758 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
20
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$308,585
Total Directors
16
$0
Key Employees
1
$258,999
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Buckelew Chair 1.00
Officer Director
$0 $0 $0
France Hoang Treasurer 1.00
Officer Director
$0 $0 $0
Samantha Smtih Atkinson Director 1.00
Director
$0 $0 $0
Sharon Bannister Director 1.00
Director
$0 $0 $0
Denis Faherty Director 1.00
Director
$0 $0 $0
David Hine Director 1.00
Director
$0 $0 $0
Miguel Howe Director 1.00
Director
$0 $0 $0
Keith June Director 1.00
Director
$0 $0 $0
Viet Luong Director 1.00
Director
$0 $0 $0
Marty Marks Director 1.00
Director
$0 $0 $0
Allen McCabe Director 1.00
Director
$0 $0 $0
Michael McMahon Director 1.00
Director
$0 $0 $0
Norman Murray Director 1.00
Director
$0 $0 $0
Jeff Punches Director 1.00
Director
$0 $0 $0
Megan Rihn Smith Director 1.00
Director
$0 $0 $0
Troy Thomas Director 1.00
Director
$0 $0 $0
Christopher J Knotts President & CEO 40.00
Officer
$277,671 $30,914 $308,585
Viktoras Zikas Chief Development Officer 40.00
Key Emp
$220,253 $38,746 $258,999
Heidi Zimmerman Vice President 40.00
Highest
$125,481 $25,698 $151,179
Adam Arbogast Senior Director 40.00
Highest
$105,374 $25,937 $131,311
Terry Walker Director of Accounting & Admin. 40.00
Highest
$102,895 $16,579 $119,474
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,598,229 $6,392,916 $24,743,873 $2,205,313
2025 $8,598,229 $6,392,916 $24,743,873 $2,205,313
2024 $7,652,059 $7,030,301 $20,917,226 $621,758
2024 $7,652,059 $7,030,301 $20,917,226 $621,758
2023 $11,197,934 $7,261,366 $17,377,888 $3,936,568
2022 $8,097,098 $7,330,422 $12,782,016 $766,676
2021 $7,257,674 $6,111,682 $13,514,100 $1,145,992
2020 $6,116,551 $6,428,923 $11,609,279 $-312,372
2020 $6,116,551 $6,428,923 $11,609,279 $-312,372
2019 $11,685,085 $11,433,538 $15,255,878 $251,547
2018 $8,712,712 $7,673,295 $19,652,122 $1,039,417
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