National Veterans Memorial and Museum Foundation
National Veterans Memorial and Museum Foundation
EIN: 82-4596922
as of November 2024
as of November 11, 2024
Mission
Our mission is to honor and positively impact the lives of Veterans, their families, and our communities through sharing the Veteran experience. All gifts to the Museum elevate this mission to accomplish the below pillars guiding our work: • Honor the service and sacrifice of American Veterans and their families • Connect America with Veterans and Veterans to opportunities • Inspire resilience, excellence and selflessness • Educate K-12 and beyond about the experience and contributions of American Veterans Providing meaningful in-person and online experiences, exhibits, and programming, our work empowers Veterans, educates K-12 and beyond, and inspires positive change, growth, resiliency, empathy and understanding for all as the platform for conversation and action within the community.
Ruling year
2018
President and CEO
Lt. General Michael Ferriter
Main address
300 W Broad St
Columbus, OH 43215 USA
EIN
82-4596922
Museums
War memorials
Population served
Veterans
NTEE code
Museum & Museum Activities (A50)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Affiliations
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Resilience and Wellness Program
Our mission is to bolster the connection between the public and Veterans through the National Veterans Memorial and Museum Resilience and Wellness Program. Our vision is to create an environment fostering a strong sense of camaraderie, belonging, and purpose bringing together our communities and those who served. Through the generosity of sponsoring organizations this holistic program positively impacts lives by allowing Veterans and their civilian counterparts to connect through Brazilian Jiu Jitsu, Yoga, Fitness Events, and additional activities endorsed and hosted by the NVMM.
Veteran Concierge Service
The NVMM is joining forces with national employers, service organizations, programs, tools, and platforms to help Veterans navigate to meaningful employment. Through a collaborative approach, we are committed to helping Veterans plot their respective journeys, execute their plans, and amplify their stories as inspiring examples how service leads to economic success.
With 8.7 million Veterans currently employed in the US and another 200,000+ Service Members transitioning annually, the NVMM is uniquely positioned to expand our reach beyond telling Veterans’ stories of service to directly impacting their journey to meaningful employment. These stories not only demonstrate how military service can lead to economic opportunities but inspire future generations of servant leaders.
Exhibitions
Moving through the exhibits program, Veterans Among Us, there are 14 thematic alcoves highlighting key themes and moments in Veterans’ journeys and incorporates personal stories, past and present, to share a wide range of challenges, sacrifices and achievements.
A linear timeline serves as the chronological backbone of the Museum journey with personal stories of those who have served over time highlighted through artifacts and images.
The Legacy of Service exhibit provides inspirational stories of ways Veterans are using the values and skills learned in military service by helping their communities. This exhibit also illustrates the ways we honor and support Veterans, provides resources and encourages visitors to join a national conversation to begin to bridge the gap between civilians and Veterans.
The Service and Citizenship Gallery serves as the emotional core of the experience, bringing together themes explored throughout the journey and looking at the higher ideal of service.
Education
We bring American history to life by connecting students to the powerful, personal stories and firsthand experiences of our nation’s heroes. We strive to be a valuable educational resource for students K-12, college scholars and educators at all levels, offering comprehensive programming that engages learners and shares stories of service and sacrifice.
School Field Trips: See service and sacrifice up close and personal by scheduling an in-person or virtual field trip to the Museum.
Higher Education: Certificate in Public and Nonprofit Leadership for Veterans. This graduate-level program brings together Veterans who are called to serve in civilian life to learn from each other, build lasting relationships and demonstrate the value of military experience and leadership to civilian employers.
NVMM Reads: Each month, we're sharing books that help further our mission to Honor, Connect, Inspire, and Educate.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of participants attending course/session/workshop
This metric is no longer tracked.Totals By Year
Related Program
Resilience and Wellness Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
NVMM began hosting Resilience and Wellness classes, seminars, and other events in 2022.
Number of new grants received
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Total number of fields trips
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of donations made by board members
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Number of public events held to further mission
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of organizational partners
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Goals & Strategy
Reports and documents
Download strategic planHow we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback
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What challenges does the organization face when collecting feedback?
We began to prioritize comprehensive feedback collection and analytic practices in 2023.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
3.48
Months of cash in 2022 info
1.2
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
National Veterans Memorial and Museum Foundation
Revenue & expensesFiscal Year: Jan 01 - Dec 31
National Veterans Memorial and Museum Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
National Veterans Memorial and Museum Foundation
Financial trends analysis Glossary & formula definitionsFiscal Year: Jan 01 - Dec 31
This snapshot of National Veterans Memorial and Museum Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
| Profitability info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $247,633 | -$130,494 | -$5,058 |
| As % of expenses | 27.4% | -7.9% | -0.2% |
| Unrestricted surplus (deficit) after depreciation | $247,633 | -$130,494 | -$5,058 |
| As % of expenses | 27.4% | -7.9% | -0.2% |
| Revenue composition info | |||
|---|---|---|---|
| Total revenue (unrestricted & restricted) | $1,200,000 | $1,859,371 | $2,752,811 |
| Total revenue, % change over prior year | 0.0% | 54.9% | 48.1% |
| Program services revenue | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 100.0% | 100.0% |
| Other revenue | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||
|---|---|---|---|
| Total expenses before depreciation | $902,367 | $1,644,632 | $2,953,102 |
| Total expenses, % change over prior year | 0.0% | 82.3% | 79.6% |
| Personnel | 0.0% | 0.0% | 0.0% |
| Professional fees | 0.0% | 10.7% | 0.2% |
| Occupancy | 0.0% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% |
| Pass-through | 99.7% | 82.1% | 95.5% |
| All other expenses | 0.3% | 7.2% | 4.3% |
| Full cost components (estimated) info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total expenses (after depreciation) | $902,367 | $1,644,632 | $2,953,102 |
| One month of savings | $75,197 | $137,053 | $246,092 |
| Debt principal payment | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 |
| Total full costs (estimated) | $977,564 | $1,781,685 | $3,199,194 |
Capital structure indicators
| Liquidity info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Months of cash | 11.0 | 8.1 | 1.2 |
| Months of cash and investments | 11.0 | 8.1 | 1.2 |
| Months of estimated liquid unrestricted net assets | 3.3 | 0.9 | 0.5 |
| Balance sheet composition info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Cash | $827,349 | $1,114,893 | $290,833 |
| Investments | $0 | $0 | $0 |
| Receivables | $250,000 | $495,234 | $104,793 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 72.4% | 68.2% | 21.1% |
| Unrestricted net assets | $247,633 | $117,139 | $112,081 |
| Temporarily restricted net assets | N/A | N/A | N/A |
| Permanently restricted net assets | N/A | N/A | N/A |
| Total restricted net assets | $50,000 | $395,233 | $200,000 |
| Total net assets | $297,633 | $512,372 | $312,081 |
Key data checks
| Key data checks info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Material data errors | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President and CEO
Lt. General Michael Ferriter
Lieutenant General Ferriter, U.S. Army (Retired), is the founding President and CEO of the National Veterans Memorial and Museum (NVMM). He is an inspiring speaker with extensive experience in leading organizations
through crisis, successful transformations, and leading startups. He has spoken on the TEDx stage and to a diverse spectrum of audiences, from C-Suite executives to high school students.
He served 35 years in the U.S. Army commanding Soldiers, Sailors, Airmen, Marines, and International Forces at the tactical, operational, and strategic levels. He completed three combat deployments in Iraq as a
general officer and one in Somalia with Task Force Ranger. He parachuted with Paratroopers and Rangers more than 200 times and served as a lead military advisor to the Iraqi government from 2008-2010.
In his last role with the U.S. Army, Lt. Gen. Ferriter led 75 Army installations around the world, comprised of a 75,000 person workforce, while managing a $12 billion budget.
Number of employees
Source: IRS Form 990
National Veterans Memorial and Museum Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
National Veterans Memorial and Museum Foundation
Board of directorsas of 01/22/2024
Board of directors data
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Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 09/08/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
Contractors
Fiscal year endingGuideStar Pro Reports
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- Contractor and/or Paid Preparer data for 2022, 2021, 2020
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