Overview
What is Pacific Fleet Submarine Memorial Assoc?
The Pacific Fleet Submarine Memorial Assoc, commonly known as USS Bowfin, is a nonprofit organization situated in Honolulu, Hawaii. With a workforce of 45 individuals, their primary mission is to establish and maintain a World War II submarine museum and memorial. This initiative serves as a tribute to the submarine service during that era. Furthermore, they award academic scholarships through the USS Bowfin Memorial Scholarships, managed by Hawaii Community Foundation, and the USS Kamehameha Scholarships, overseen by Pauahi Foundation. These scholarships aim to support future generations, continuing the legacy of the organization.
Official website here: www.bowfin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Pacific Fleet Submarine Memorial Association has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. With a score of 96, the organization demonstrates rigorous governance practices, including a majority of independent board members and transparent financial oversight. The absence of any material diversion of assets further adds to its credibility, indicating a responsible management of resources.
The organization's financial health is solid, as evidenced by an 84.19% program expense ratio, which showcases its commitment to directing funds towards its mission rather than administrative costs. The presence of multiple policies such as whistleblower and conflict of interest policies underscores its dedication to integrity and ethical standards. However, specific data regarding the salaries of key persons was not available, which could provide deeper insights into its financial structure.
User reviews from GreatNonprofits could not be fetched, so sentiment regarding direct experiences with the organization remains unavailable. Overall, the Pacific Fleet Submarine Memorial Association stands out for its financial accountability and effective governance, promising a reliable choice for donors seeking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pacific Fleet Submarine Memorial Assoc legitimate?
Pacific Fleet Submarine Memorial Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Fleet Submarine Memorial Assoc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $234,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,238,655
For more financial information, click here
Official website here: www.bowfin.org
What is the mission statement of Pacific Fleet Submarine Memorial Assoc?
The Pacific Fleet Submarine Memorial Association's mission is centered around establishing and maintaining a museum and memorial dedicated to World War II submarines. Their primary objective is to preserve and showcase the history of these vessels, providing a platform for education and remembrance. In addition to this, the association awards academic scholarships through the USS Bowfin Memorial Scholarships, administered by the Hawaii Community Foundation, and the USS Kamehameha Scholarships, managed by Pauahi Foundation. These scholarships aim to support the higher education of individuals, contributing to the continuation of knowledge and learning.
Official website here: www.bowfin.org
Who is the CEO of Pacific Fleet Submarine Memorial Assoc?
Capt Charles K Merkel is the Executive Director/President of Pacific Fleet Submarine Memorial Assoc.
Official website here: www.bowfin.org
What is the revenue of Pacific Fleet Submarine Memorial Assoc?
Pacific Fleet Submarine Memorial Assoc's revenue in 2022 was $8,962,535.
Official website here: www.bowfin.org
Who are the executives of Pacific Fleet Submarine Memorial Assoc and what are their salaries?
The average compensation at Pacific Fleet Submarine Memorial Assoc during 2022 was $32,743. There are 45 employees and 40 volunteers at Pacific Fleet Submarine Memorial Assoc.
Here are 19 key members and their salaries:
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Official website here: www.bowfin.org
Where can I find the form 990 for Pacific Fleet Submarine Memorial Assoc?
Pacific Fleet Submarine Memorial Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bowfin.org
Learn more at the official website: www.bowfin.org
Mission Statement of Pacific Fleet Submarine Memorial Assoc
The Pacific Fleet Submarine Memorial Association is dedicated to an significant mission. Its primary objective is to establish and preserve a World War II submarine, museum, and memorial. This memorial serves as a tribute to the brave individuals who served on submarines during this pivotal period in history. In addition to its physical exhibition, the association also awards academic scholarships. Two scholarship programs are administered by external entities: the USS Bowfin Memorial Scholarships through the Hawaii Community Foundation and the USS Kamehameha Scholarships through the Pauahi Foundation. These scholarships aim to recognize and support the academic pursuits of deserving individuals.
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Impact
July, 2024
The Pacific Fleet Submarine Memorial Association has made a significant impact by establishing and maintaining a World War II submarine, museum, and memorial. Through their work, they honor the legacy of submariners who served during this critical period in history. Additionally, the association awards academic scholarships through programs like the USS Bowfin Memorial Scholarships and USS Kamehameha Scholarships, providing support to students seeking higher education. Their efforts contribute to preserving history, honoring veterans, and supporting education initiatives in the community.
This information is meant to be a general summary of Pacific Fleet Submarine Memorial Assoc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $182,384
- Program Service Revenue: $7,059,204
- Gross Receipts: $10,636,829
Assets and Liabilities:
- Total Assets: $35,065,985
- Total Liabilities: $11,135,119
- Net Assets: $23,930,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$6,618,015
STORAGE LOCKER FACILITIES
Revenue
$441,189
Organization Details
Founding Year
1978
Phone
(808) 423-1341Principal Officer
Capt Charles K Merkel
Main Address
11 ARIZONA MEMORIAL DRIVE, HONOLULU, HI, 96818
Website
www.bowfin.orgNTEE Category
Code: A500 - Arts
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