World War Ii Theatre Inc
Nonprofit profile at a glance
- EIN
- 421743078
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New Orleans, LA, USA
- Phone
- 5045281944
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $22,644,155
- Expenses
- $22,044,148
- Assets
- $65,225,375
- Liabilities
- $49,394,079
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- STEPHEN WATSON (PRESIDENT & CEO)
Highest reported compensation
- STEPHEN WATSON (PRESIDENT & CEO): $903,649 total reported compensation
- CATHY GREEN ROSENSTEIN (EXECUTIVE VP & CFO): $498,679 total reported compensation
- REBECCA ALBRECHT MACKIE (EXECUTIVE VP&COO(RESIGNED 7/31/23)): $356,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This corporation is organized, and it shall be operated exclusively for, charitable and educational purposes for the benefit of the national world war ii museum, inc. Including, without limitation, to construct and operate on or adjacent to the (continued on schedule o) campus of the national world war ii museum a theatre, hotel, conference center, and/or a U.S.o. Themed canteen and restaurant.
What it reported doing in 2024
Since its opening in october 2019, the higgins has supported the museum's nonprofit mission in a number of important ways and remains a critical component of its educational outreach. Specifically, the higgins provides space to support the museum's expanding slate of visitor activities and educational programs; serves the museum's national visitors - 87% who come from out of state - with on campus lodging to fit their unique needs and schedules; ensures available accommodations at discounted prices for museum departments, program participants, and connected individuals year-round; creates new opportunities to expand the museum's exhibits and share its collection; and raises additional funds to support the museum's mission. (continued on schedule o) some notable events and activities hosted at the higgins hotel during the fiscal year ended june 30, 2025 include the following: rosie the riveters' soaring valorin march 2025, in celebration of the annual rosie the riveter day, the gary sinise foundation brought 18 rosie the riveters on a soaring valor trip to the higgins hotel and the museum. The group was accompanied by local students from the academy of the sacred heart, who had the unique opportunity to learn firsthand from these inspiring women. Together, they enjoyed meals and events in the newly reopened rosie's on the roof at the higgins hotel. The riveters were honored for their contributions during world war ii, and the setting provided a perfect blend of historical homage and modern comfort.experience the victory inbound toursthe higgins hotel hosted five custom-curated tours to new orleans including four nights at the higgins hotel, meals throughout, private dinners and receptions, exclusive early access to the museum, and conversations with historians and curators. Historian happy hours are now scheduled to coincide with all experience the victory tours, providing tour guests and any other patrons with enriching conversations and historical insights in a relaxed setting.super bowl lixin february2025, super bowl lix attracted thousands of visitors to new orleans, leading to a sold-out higgins hotel. Parts of the hotel were transformed into exclusive spaces for clients yet retained its distinctive world war ii theme. Among the esteemed clients were notable organizations such as the espn, Louisiana state police, Louisiana economic development, entergy, and lowe's, the latter recognized for its leadership in hiring veterans. The higgins hotel's unique atmosphere provided an immersive experience, seamlessly blending historical narratives with modern convenience, thus enhancing the overall engagement of the super bowl attendees. Many of these groups also included museum tickets and private events at the museum and the hotel. Throughout the weekend, the victory belles made special appearances at various events at the higgins, delighting guests withtheir performances and adding to the festive atmosphere.other notable groups: in addition to hosting super bowl and mardi gras festivities in february, the higgins hotel was delighted to welcome 7 wwii veterans, along with their families, who traveled with the forever young veterans organization for a special curated visit to the museum. Later in the month, the leading nonprofit fundraising and banding organization, moore, hosted their leadership summit at higgins and the museum. Other notable groups that stayed at the higgins hotel and also enjoyed time at the museum include the national air and space museum board of directors and the annual coast guard foundation gala. In addition, the marine forces reserve, Louisiana national guard, and the us navy hosted workshops and training at higgins. Members of teaching american history and the american association of school administration also stayed at the higgins. The hotel also hosted the 1977 usna "7th company seadogs" reunion.the 18th international conference on world war the jenny craig institute for the study of war & democracy exec
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 65
- Accountability: 83
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: 97.1%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 86.7%; rating input score 87; 19th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.6%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 2.96; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.76; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 88; 88th percentile among comparable filings
Growth
- Program expense growth: 22.9% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 22.8% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 93.8% of revenue deployed · 97.1% of spending went to programs
- Governance: 13 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $21.4M in reported program spending
- Leadership: top reported pay $904K · 16 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2M reported
- Consistency: 21 of 21 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.