NAVAL HISTORICAL FOUNDATION

EIN: 530196627 501(c)(3)

WASHINGTON, DC

Total Revenue
$263,370
Total Expenses
$1,348,798
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
DC
Principal Officer
RADM EDWARD MASSO
Phone
2026784333
Tax Period
2022-01-01 to 2022-12-31

NAVAL HISTORICAL FOUNDATION, founded in 1926, is a small nonprofit that reported $263K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 412% operating deficit.

Mission

THE NAVAL HISTORICAL FOUNDATION (NHF) HAS SERVED PEOPLE INTERESTED IN THE HISTORY OF THE U.S. NAVY'S CONTRIBUTIONS TO AMERICA'S MARITIME HISTORY AND HERITAGE SINCE MARCH OF 1926. OUR MISSION IS TO PRESERVE AND HONOR THE LEGACY OF THOSE WHO CAME BEFORE US, AND EDUCATE AND INSPIRE THE GENERATIONS THAT FOLLOW. NHF INCREASES AWARENESS THROUGH: YOUTH AND AWARD PROGRAMS; FORUMS, SYMPOSIUMS, AND HERITAGE EVENTS; AND DEEP-SEA EXPLORATION OF THE MARITIME DOMAIN, BRINGING NAVAL HISTORY AND SCIENTIFIC DISCOVERY TO LIFE.

Program Service Accomplishments

Program 1
Expenses: $114,508

PROGRAMS - NHF'S PROGRAMS FOCUS ON MAKING ORGANIZATIONAL RESOURCES BETTER KNOWN AND MORE WIDELY AVAILABLE. NHF MAINTAINS THE NAVYHISTORY.ORG WEBSITE AND SUPPORTS OTHER MARITIME WEBSITES IN SUPPORT OF...

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PROGRAMS - NHF'S PROGRAMS FOCUS ON MAKING ORGANIZATIONAL RESOURCES BETTER KNOWN AND MORE WIDELY AVAILABLE. NHF MAINTAINS THE NAVYHISTORY.ORG WEBSITE AND SUPPORTS OTHER MARITIME WEBSITES IN SUPPORT OF NAVAL HISTORY MUSEUMS AND PROVIDES HISTORICAL CONTENT THROUGH THURSDAY TIDINGS NEWSLETTER & 2ND SATURDAY WEBINAR.NHF ALSO HOSTS SIGNATURE EVENTS THROUGHOUT THE YEAR TO BUILD AWARENESS OF NAVAL HISTORY HERITAGE PROGRAMS. RECENT EVENTS INCLUDED AN OFFICIAL SUPERINTENDENT'S (USNA) LEADERSHIP & VISION AWARD'S DINNER, KNOX AWARD DINNER AND LUNCHEON, NATIONAL HISTORY DAY TEACHER DISTINCTION AWARDS, AND VICE ADMIRAL ROBERT F. DUNN ESSAY CONTEST.NHF SECURED A DEPARTMENT OF THE INTERIOR GRANT TO DIGITIZE THE FIRST 13 VOLUMES OF NAVAL DOCUMENTS FROM THE AMERICAN REVOLUTION. PROJECT COMPLETED AND CAN BE LOCATED AT HTTPS://WWW.NAVYHISTORY.ORG/NDAR.

Program 2
Expenses: $98,881 Revenue: $41,991

ANCILLARY ACTIVITIES - NHF RECEIVES NEW BOOKS FROM VARIOUS RESOURCES AND MAKES THEM AVAILABLE TO MEMBERS AND GUESTS AS PART OF A BOOK REVIEW RELATED TO NAVAL CURRENT AND HISTORICAL STORIES, VIEWS...

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ANCILLARY ACTIVITIES - NHF RECEIVES NEW BOOKS FROM VARIOUS RESOURCES AND MAKES THEM AVAILABLE TO MEMBERS AND GUESTS AS PART OF A BOOK REVIEW RELATED TO NAVAL CURRENT AND HISTORICAL STORIES, VIEWS, ETC. ON VARIOUS SUBJECT MATTERS RELATED TO NAVAL HISTORY.NHF PROVIDES INFORMATIONAL SERVICES TO ORGANIZATIONS, FAMILIES AND OTHERS SEEKING GUIDANCE RELATED TO HISTORICAL NAVAL DOCUMENTS, ARTIFACTS, PHOTOS ETC. NHF OPERATES A GIFT SHOP AT THE NATIONAL MUSEUM OF THE U.S. NAVY IN SUPPORT OF THE MUSEUM AND TO HEIGHTEN THE VISITOR EXPERIENCE.

Program 3
Expenses: $52,112

MEMBERSHIP - THIS INCLUDES ONGOING COMMUNICATIONS TO CURRENT MEMBERS AND OUTREACH TO PROSPECTIVE NEW MEMBERS.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $165,386
Program Service Revenue $0
Investment Income $98,232
Other Revenue $-248
TOTAL REVENUE $263,370

Expense Breakdown

Grants Paid $704,000
Salaries & Benefits $413,024
Fundraising Expenses $41,893
Program Expenses $1,011,101
Other Expenses $231,774
TOTAL EXPENSES $1,348,798

Year-over-Year Comparison

2022 2021 Change
Revenue $263,370 $332,113 -0.2%
Expenses $1,348,798 $508,464 +1.7%
Net Income $-1,085,428 $-176,351 +5.2%
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
18
Independent Members
18
Employees
4
Volunteers
5

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
5
$132,000
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADM WILLIAM J FALLON CHAIRMAN 4.00
Officer Director
$0 $0 $0
VADM FRANK PANDOLFE PRESIDENT 4.00
Officer Director
$0 $0 $0
MR MARTIN J BOLLINGER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RADM VINCE GRIFFITH TREASURER 1.00
Officer Director
$0 $0 $0
MR MATTHEW P BERGMAN DIRECTOR 1.00
Director
$0 $0 $0
HON KENNETH J BRAITHWAITE II DIRECTOR 1.00
Director
$0 $0 $0
VADM WALTER E TED CARTER JR DIRECTOR 1.00
Director
$0 $0 $0
VADM JOHN N CHRISTENSON DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE CRANSTON EPSTEIN DIRECTOR 1.00
Director
$0 $0 $0
ADM JAMES G FOGGO DIRECTOR 1.00
Director
$0 $0 $0
RADM SINCLAIR HARRIS DIRECTOR 1.00
Director
$0 $0 $0
DR HENRY J HENDRIX II DIRECTOR 1.00
Director
$0 $0 $0
HON STEVEN S HONIGMAN DIRECTOR 1.00
Director
$0 $0 $0
ROGER A KRONE DIRECTOR (UNTIL 7/2022) 1.00
Director
$0 $0 $0
HON JOHN LEHMAN DIRECTOR 1.00
Director
$0 $0 $0
RADM LARRY R MARSH DIRECTOR 1.00
Director
$0 $0 $0
HON B J PENN DIRECTOR 1.00
Director
$0 $0 $0
CAPT DAVID A ROSENBERG DIRECTOR 1.00
Director
$0 $0 $0
MR MICHAEL JOSEPH WALLACE DIRECTOR 1.00
Director
$0 $0 $0
RADM EDWARD MASSO EXECUTIVE DIRECTOR 40.00
Officer
$132,000 $0 $132,000
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
2022 $263,370 $1,348,798 No data $-1,085,428
2021 $332,113 $508,464 $1,415,360 $-176,351
2020 $231,458 $541,207 $1,525,665 $-309,749
2019 $503,439 $564,052 $1,520,491 $-60,613
2018 $507,544 $542,352 $1,457,557 $-34,808
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