NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION

EIN: 843880595 501(c)(3) Arts, Culture & Humanities

COLUMBUS, OH

Total Revenue
$8,521,652
Total Expenses
$11,246,339
Total Assets
$51,398,567
Net Assets
$50,019,355
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
LT GEN MICHAEL FERRITER
Phone
6144271071
Tax Period
2023-01-01 to 2023-12-31

NATIONAL VETERANS MEMORIAL AND MUSEUM OPERATING CORPORATION, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.5M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $11.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO HONOR AMERICAN'S CONTRIBUTIONS TO OUR COUNTRY THROUGH MILITARY SERVICE, TO CONNECT CIVILIANS WITH VETERANS AND THEIR EXPERIENCE. TO INSPIRE VISITORS TO SERVE THEIR COMMUNITIES AND NATION AS ACTIVE ENGAGED CITIZENS. AND, TO EDUCATE SCHOOL CHILDREN ABOUT THE HISTORY AND VALUE OF SERVICE.

Program Service Accomplishments

Program 1
Expenses: $7,652,674 Revenue: $238,643

MUSEUM EXHIBITIONS & OPERATIONS: DESIGNED TO EVOKE STRENGTH AND RESILIENCY FOR VETERANS AND THEIR FAMILIES, AND UNDERSTANDING AMONG CIVILIANS, WE DELIVER A MULTI-MEDIUM OF DIGITAL, INTERACTIVE AND...

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MUSEUM EXHIBITIONS & OPERATIONS: DESIGNED TO EVOKE STRENGTH AND RESILIENCY FOR VETERANS AND THEIR FAMILIES, AND UNDERSTANDING AMONG CIVILIANS, WE DELIVER A MULTI-MEDIUM OF DIGITAL, INTERACTIVE AND VIRTUAL EXHIBITIONS AND ART ENCOMPASSING USES OF FUNCTIONAL PIECES LIKE FOOTLOCKERS AND STORAGE CHESTS AS AUDIO UNITS, VIDEO, INTERACTIVE VISUALS, HISTORIC MEMORABILIA AND PHOTOGRAPHY ALONGSIDE THE ARTISTIC WORK OF LOCAL AND NATIONALLY-RECOGNIZED PHOTOGRAPHERS, VIDEOGRAPHERS, AND OTHERS.

Program 2
Expenses: $293,151 Revenue: $0

EDUCATION & VETERAN OUTREACH: WE INTRODUCE AUDIENCES FROM AROUND THE COUNTRY TO A NEW EXPERIENTIAL WAY OF LEARNING AND UNDERSTANDING THE JOURNEY OF THE AMERICAN VETERAN FROM ALL BRANCHES AND ERAS OF...

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EDUCATION & VETERAN OUTREACH: WE INTRODUCE AUDIENCES FROM AROUND THE COUNTRY TO A NEW EXPERIENTIAL WAY OF LEARNING AND UNDERSTANDING THE JOURNEY OF THE AMERICAN VETERAN FROM ALL BRANCHES AND ERAS OF SERVICE. EDUCATING ALL AGES ON THE HISTORY AND VALUE OF SERVICE FROM THOSE WHO SHAPED OUR NATION, OUR EDUCATION EFFORTS INCLUDE K-12 CONTENT AND CURRICULUM TAILORED TO OHIO STATE STANDARDS IN CURRICULUM, ON-SITE AND VIRTUAL TOURS, VOLUNTEER, INTERN AND FELLOWSHIP PROGRAMS, AN ACCREDITED LEADERSHIP CERTIFICATION (LCERT) PROGRAM IN PARTNERSHIP WITH OSU, AND ADDITIONAL EDUCATIONAL PROGRAMMING TO HONOR AND CONNECT THE VETERAN AND BROADER COMMUNITIES WITH INTENTIONAL EXPERIENCES THAT FOSTER STRENGTH, RESILIENCY, PERSONAL GROWTH AND SERVANT LEADERSHIP.

Program 3
Expenses: $170,662 Revenue: $0

EVENTS: WE UNITE AUDIENCES TO HONOR VETERANS, REFLECT AND INSPIRE SERVICE IN ALL FORMS WITH OUR EVENT PANELS, WEBINARS, NATIONAL MILITARY HOLIDAYS, ANNIVERSARIES, SERVICE CELEBRATIONS, FACILITY...

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EVENTS: WE UNITE AUDIENCES TO HONOR VETERANS, REFLECT AND INSPIRE SERVICE IN ALL FORMS WITH OUR EVENT PANELS, WEBINARS, NATIONAL MILITARY HOLIDAYS, ANNIVERSARIES, SERVICE CELEBRATIONS, FACILITY RENTALS BY INDIVIDUALS AND GROUPS COMMITTED TO AND INTERESTED IN SUPPORTING OUR MISSION, AND MORE. OUR EVENTS, INCLUDING VETERANS DAY, MEMORIAL DAY, D-DAY AND PATRIOTS DAY TO CITE A FEW, COMMEMORATE AND PROVIDE REFLECTION ON NATIONAL HISTORY AND PERSONAL SACRIFICE IN INNOVATIVE STRATEGIES TAILORED TO EDUCATE, PROMOTE RESILIENCY, DEEPEN UNDERSTANDING OF SERVICE, AND CULTIVATE COMMUNITY IN A SUPPORTIVE ENVIRONMENT ON-SITE AND ONLINE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,308,036
Program Service Revenue $169,099
Investment Income $-261,410
Other Revenue $305,927
TOTAL REVENUE $8,521,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,575,470
Fundraising Expenses $2,211,181
Program Expenses $8,116,487
Other Expenses $6,670,869
TOTAL EXPENSES $11,246,339

Year-over-Year Comparison

2023 2022 Change
Revenue $8,521,652 $5,704,808 +0.5%
Expenses $11,246,339 $10,480,344 +0.1%
Net Income $-2,724,687 $-4,775,536 -0.4%
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
13
Independent Members
12
Employees
52
Volunteers
40

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
4
$1,494,086
Total Directors
13
$588,965
Key Employees
1
$207,447
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY TAYLOR SECRETARY/VICE CHAIR 1.00
Officer Director
$0 $22,448 $588,965
LEWIS VON THAER CHAIR 1.00
Director
$0 $0 $0
PAIGE SANCHEZ TREASURER 1.00
Officer Director
$0 $0 $0
TONY ANZIC DIRECTOR 1.00
Director
$0 $0 $0
FREDERIC BERTLEY DIRECTOR 1.00
Director
$0 $0 $0
JANELLE COLEMAN DIRECTOR 1.00
Director
$0 $0 $0
CRAIG COWMAN DIRECTOR 1.00
Director
$0 $0 $0
DR MICHAEL DENNIS DIRECTOR 1.00
Director
$0 $0 $0
ERIC ENGQUIST DIRECTOR 1.00
Director
$0 $0 $0
KATIE WOLFE LLOYD DIRECTOR 1.00
Director
$0 $0 $0
MAJ GEN STEPHEN MARKOVICH DIRECTOR 1.00
Director
$0 $0 $0
JOHN BOYER DIRECTOR 1.00
Director
$0 $0 $0
MIKE FRENCH DIRECTOR 1.00
Director
$0 $0 $0
LT GEN MICHAEL FERRITER CEO 35.00
Officer
$610,749 $68,494 $679,243
JEFFREY NUTTER VP/CFO 40.00
Officer
$174,592 $51,286 $225,878
WILLIAM BUTLER CHIEF OF STAFF 40.00
Key Emp
$184,740 $22,707 $207,447
ANDREW CLOYD MUSEUM DIRECTOR 40.00
Highest
$167,383 $33,272 $200,655
CANDACE BRADY VP ADVANCEMENT 40.00
Highest
$181,420 $14,628 $196,048
MARNIE HOLDER VP NATIONAL PROGRAMS 40.00
Highest
$162,582 $26,603 $189,185
NICHOLAS WOOD SENIOR ADVANCEMENT OFFICER 40.00
Highest
$108,260 $36,666 $144,926
TAMARA BROWN DIRECTOR OF MARKETING 40.00
Highest
$116,318 $21,432 $137,750
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
2024 No data No data No data No data
2023 $8,521,652 $11,246,339 $51,398,567 $-2,724,687
2022 $5,704,808 $10,480,344 $53,185,803 $-4,775,536
2021 $6,042,215 $9,820,586 $58,052,071 $-3,778,371
2020 $68,091,412 $6,848,210 $62,086,909 $61,243,202
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