Civic Intelligence

World War II Foundation

EIN 27-4793304 • 501(c)3 • Wakefield, RI

Profile

To produce educational films,maintain a global education center and museum and create initiatives recognizing the bravery and enormous contributions made by the men and women of the united states military during world war ii so that future generations of americans appreciate the determination and sacrifices that enables perpetuation of our basic freedoms. We fulfill our mission through: education, inspiration, honor, preservation and memorials.

344 Main StreetWakefield, RI 02879

wwiifoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

32nd percentile

-2.8%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$151,257

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-1.5%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.8%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,415,881

Up $3,225,864 (+271%) from 2021

Liabilities

Down

$2,435

Down $2,845 (-54%) from 2021

Net Assets

Up

$4,413,446

Up $3,228,709 (+273%) from 2021

Revenue

Down

$1,414,277

Down $36,768 (-2.5%) from 2021

Expenses

Up

$1,454,071

Up $464,732 (+47%) from 2021

Net Income

Down

-$39,794

Down $501,500 (-109%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2014: $229,420Liabilities 2014: $1,301Net Assets 2014: $228,1192014Assets 2015: $133,560Liabilities 2015: $2,628Net Assets 2015: $130,9322015Assets 2016: $155,354Liabilities 2016: $32,019Net Assets 2016: $123,3352016Assets 2017: $140,085Liabilities 2017: $13,103Net Assets 2017: $126,9822017Assets 2018: $440,996Liabilities 2018: $8,000Net Assets 2018: $432,9962018Assets 2019: $657,900Liabilities 2019: $52,642Net Assets 2019: $605,2582019Assets 2020: $730,913Liabilities 2020: $7,882Net Assets 2020: $723,0312020Assets 2021: $1,190,017Liabilities 2021: $5,280Net Assets 2021: $1,184,7372021Assets 2024: $4,415,881Liabilities 2024: $2,435Net Assets 2024: $4,413,4462024

Highlighted filing

2024

Assets$4,415,881
Liabilities$2,435
Net Assets$4,413,446

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $596,334Expenses 2014: $408,699Net Income 2014: $187,6352014Revenue 2015: $490,381Expenses 2015: $587,568Net Income 2015: -$97,1872015Revenue 2016: $408,146Expenses 2016: $415,740Net Income 2016: -$7,5942016Revenue 2017: $491,345Expenses 2017: $487,698Net Income 2017: $3,6472017Revenue 2018: $895,146Expenses 2018: $589,132Net Income 2018: $306,0142018Revenue 2019: $1,309,685Expenses 2019: $1,137,425Net Income 2019: $172,2602019Revenue 2020: $1,074,799Expenses 2020: $957,026Net Income 2020: $117,7732020Revenue 2021: $1,451,045Expenses 2021: $989,339Net Income 2021: $461,7062021Revenue 2024: $1,414,277Expenses 2024: $1,454,071Net Income 2024: -$39,7942024

Highlighted filing

2024

Revenue$1,414,277
Expenses$1,454,071
Net Income-$39,794

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.2
Gross Receipts
$1,414,277
Mission and Program Overview

Mission

To produce educational films and create

To produce educational films,maintain a global education center and museum and create initiatives recognizing the bravery and enormous contributions made by the men and women of the united states military during world war ii so that future generations of americans appreciate the determination and sacrifices that enables perpetuation of our basic freedoms. We fulfill our mission through: education, inspiration, honor, preservation and memorials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,150,481$4,273,744▲ $123,263
Cash and Non-Interest-Bearing Accounts$125,548$138,109▲ $12,561
Savings and Temporary Cash Investments$202,920$1,728▼ $201,192
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,481,249$4,415,881▼ $65,368
Other Assets Total$2,300$2,300→ $0
Liabilities
Unsecured Notes Loans Payable$28,011$2,435▼ $25,576
Total Liabilities$28,011$2,435▼ $25,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,453,238$4,413,446▼ $39,792
Total Net Assets Fund Balance$4,453,238$4,413,446▼ $39,792
Total Liabilities and Net Assets / Fund Balance$4,481,249$4,415,881▼ $65,368

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,168,556$69,464$4,238,020
Equipment$41,643$50,974$92,617
Leasehold Improvements$63,545$7,504$71,049
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John FenzelCEOFT$151,257$151,257
Sheila GrayFoundation Mgr.FT$76,600$76,600
Timothy GrayPresidentPT$48,000$48,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Tim Gray Media INCMedia Services333 WHITE HORN DRIVE, Kingston, RI 02881$247,800
Revenue and Support

Revenue Composition

Contributions and Grants
$1,395,323
Program Service Revenue
$13,411
Investment Income
$5,543
Other Revenue
$0
All Other Contributions
$1,384,323
Change in Net Assets
$-39,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,046,027
Salaries, Compensation, and Employee Benefits$398,044
Total Fundraising Expense$98,046
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$137,929$88,275$49,653$275,857
Occupancy$67,332$20,970-$88,302
Travel$77,857--$77,857
Other Salaries and Wages$54,750--$54,750
Fees for Services Other$12,308-$31,054$43,362
Other Employee Benefits-$39,459-$39,459
Depreciation Depletion$16,534$10,582$5,952$33,068
Payroll Taxes$13,989$8,953$5,036$27,978
Insurance$25,180$1,500-$26,680
All Other Expenses$21,198$1,756$2,701$25,655
Fees for Services Accounting$3,650$7,275$3,650$14,575
Interest$13,751--$13,751
Advertising$12,166--$12,166
Grants to Domestic Orgs$10,000--$10,000
Other Expenses$8,709--$8,709
Information Technology$7,429--$7,429
Office Expenses$6,345$1,009-$7,354
Fees for Services Legal-$2,550-$2,550
Total Functional Expenses$1,173,696$182,329$98,046$1,454,071
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Board reviews Form 990 and all accompanying schedules and authorizes the President to sign Form 8879-EO, allowing the Tax Preparer to transmit the complete return.

Form 990, Part VI, Section B, Line 12C

In order to assist the Foundation in identifying potential Covered Transactions, each Covered Person annually completes and signs a Conflict of Interest Questionnaire provided by the Foundation, and shall provide updates as necessary to reflect changes during the course of the year.The Board and the Chief Executive Officer are responsible for reviewing the Questionnaires and receiving disclosures of possible Covered Transactions and further review to determine whether they meet the above-described standard, and determine whether necessary and appropriate to document and report the review of Covered Transactions.When a Covered Person becomes aware of a proposed Covered Transaction,they have a duty to immediately disclose the existence and circumstances of such Covered Transaction to the Chair of the Finance and Audit Committee (in the case of directors and officers) or the Chief Executive Officer (in the case of key employees)and refrain from using his or her personal influence to encourage the Foundation to enter into the Covered Transaction. They will be required to physically excuse himself or herself from participation in any discussions regarding the Covered Transaction with officers, directors and employees of the Foundation, except to provide requested information.

Form 990, Part VI, Section B, Line 15A

Compensation is based upon similar position os similar size and type of organization.

Form 990, Part VI, Section C, Line 19

On Ocotober 4, 2018 the Foundation's Board of Directors approved and implemented a Conflict of Interest Policy which is availabe for view by the public on the Foundation's website.

Filing and Contact Details

Filer

Filer Name
World War Ii Foundation
EIN
27-4793304
Phone
4018623422
Address
344 MAIN STREET, WAKEFIELD, RI 02879

Signing Officer

Name
Timothy Gray
Title
President
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Gray
Formed
2011
Legal Domicile
Ri
Voting Board Members
18
Independent Board Members
14
Employees
4
Volunteers
4

Preparer

Firm
Julia L Westcott CPA
Address
730 KINGSTOWN RD, WAKEFIELD, RI 02879
Preparer
Julia Westcott
Phone
4017828777
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING = $2

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The foundation acquires, maintains and exhibits world war ii militaria, relics and artifacts in its museum and education center located at 344 main street, wakefield, ri. As of december 31, 2022 the foundation's collections had a cost value of $780,677 as well as contributed items valed at $3,294,000 at time of the contribution.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The foundation's collections demonstrate the bravery and enormous contributions made by the united states military during world war ii.

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