Naval Historical Foundation

Nonprofit profile at a glance

EIN
530196627
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Washington, DC, USA
Phone
2026784333
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$263,370
Expenses
$1,348,798
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • VADM FRANK PANDOLFE (PRESIDENT)
  • MR MARTIN J BOLLINGER (VICE PRESIDENT)
  • RADM EDWARD MASSO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RADM EDWARD MASSO (EXECUTIVE DIRECTOR): $132,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2022

Core services - nhf supports the naval history and heritage command through a range of activities, but primarily through the foundation's support of the national museum of the united states navy and the cold war gallery museum annex.nhf encourages naval and maritime scholarship by awarding prizes and fellowships to students and teachers. Specific awards include: the knox award for lifetime achievement in naval scholarship; the superintendent's annual leadership and vision award, for u.s. Naval academy midshipmen who demonstrate significant leadership and writing skills in understanding naval history; the beach award for midshipman who demonstrated excellence in naval scholarship; the coskey prizes awarded to high school students at national history day; and the teacher of distinction awards given to teachers across the united states. Annually, nhf supports multiple historical symposia. Recent topics have included the battle of leyte gulf 75th anniversary symposium. Nhf core services also include social media outreach through linkedin, facebook, twitter, instagram, and other outlets that have created wider awareness of the mission of the naval historical foundation.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 4
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: $3.95 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -412.1%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: -0.2% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -11.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -12.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $1M in reported program spending
  • Leadership: top reported pay $132K · 20 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 16/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.