Civic Intelligence

Greatest Generation Naval Museum

990 • Fiscal year 2014 • EIN 27-4799503

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 31, 2015

1 Pelican IsleFort Lauderdale, FL 33301

(858) 451-3535

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.03x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

19.10x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

1st percentile

-6009%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

15th percentile

-5.8%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$7,377,557

Down $455,603 (-5.8%) from 2013

Net Assets

Down

$7,174,052

Down $640,166 (-8.2%) from 2013

Liabilities

Up

$203,505

Up $184,563 (+974%) from 2013

Revenue

Down

$10,654

Down $171,504 (-94%) from 2013

Expenses

Down

$650,820

Down $306,482 (-32%) from 2013

Net Income

Up

-$640,166

Up $134,978 (+17%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $8,591,489Liabilities 2012: $2,127Net Assets 2012: $8,589,3622012Assets 2013: $7,833,160Liabilities 2013: $18,942Net Assets 2013: $7,814,2182013Assets 2014: $7,377,557Liabilities 2014: $203,505Net Assets 2014: $7,174,0522014Assets 2015: $6,774,362Liabilities 2015: $0Net Assets 2015: $6,774,3622015Assets 2016: $6,321,949Liabilities 2016: $0Net Assets 2016: $6,321,9492016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$7,377,557
Liabilities$203,505
Net Assets$7,174,052

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2012: $38,8772012Revenue 2013: $182,158Expenses 2013: $957,302Net Income 2013: -$775,1442013Revenue 2014: $10,654Expenses 2014: $650,820Net Income 2014: -$640,1662014Revenue 2015: $291,653Expenses 2015: $691,343Net Income 2015: -$399,6902015Revenue 2016: $173,450Expenses 2016: $625,863Net Income 2016: -$452,4132016Revenue 2017: $136,504Expenses 2017: $537,347Net Income 2017: -$400,8432017

Highlighted filing

2014

Revenue$10,654
Expenses$650,820
Net Income-$640,166
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 31, 2015
Return Version
2014v5.0
Gross Receipts
$10,654
Mission and Program Overview

Mission

To provide education about how America was able to produce cutting-edge fighting aircraft during the World War II era, the history of military aviation, and the sacrafices that were made for this country by the World War II generation. Our goal for the food service program is to provide a meal for our wounded warriors after a day full of rigorous physical therapy as they recover from their injuries

See Schedule O, Organization Mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,483,252$7,075,596▼ $407,656
Prepaid Expenses and Deferred Charges$84,130$163,490▲ $79,360
Cash and Non-Interest-Bearing Accounts$265,778$69,735▼ $196,043
Savings and Temporary Cash Investments-$0-
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-
Total Assets$7,833,160$7,377,557▼ $455,603
Other Assets Total-$68,736-
Liabilities
Other Liabilities-$200,000-
Accounts Payable and Accrued Expenses$18,942$3,505▼ $15,437
Total Liabilities$18,942$203,505▲ $184,563
Net Assets / Fund Balance
Unrestricted Net Assets$7,814,218$7,174,052▼ $640,166
Total Net Assets Fund Balance$7,814,218$7,174,052▼ $640,166
Total Liabilities and Net Assets / Fund Balance$7,833,160$7,377,557▼ $455,603

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,071,024$760,934$7,831,958
Other Land Buildings$610$3,922$4,532
Leasehold Improvements$3,962$283$4,245
Compensation and Service Providers

Board Members and Trustees

NameTitle
James M SlatteryPresident
Howard AppelAsst. Tres./Director
Bob FranicolaDirector
Michael SlatteryDirector
Jane W SlatteryTreasurer/ Sec.
Revenue and Support

Revenue Composition

Contributions and Grants
$10,654
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,654
Change in Net Assets
$-640,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$589,517
Salaries, Compensation, and Employee Benefits$61,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$407,174$482-$407,656
Other Salaries and Wages$11,744$45,080-$56,824
All Other Expenses$32,537$2,718-$35,255
Occupancy$17,510--$17,510
Insurance$2,676$10,273-$12,949
Other Expenses$7,684--$7,684
Fees for Services Accounting-$7,175-$7,175
Fees for Services Other-$6,034-$6,034
Payroll Taxes$926$3,553-$4,479
Fees for Services Legal-$806-$806
Total Functional Expenses$574,699$76,121$0$650,820
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable - Other$200,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

James Slattery and Jane Slattery are married and Michael Slattery is their son. James Slattery and Howard Appel are all owners of Millenniun Lab Holdings, Inc.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

There is one class of members. Members of the Corporation shall be those persons whose applications for membership have been approved by the Members. The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. Each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation. Members also have the power to approve Bylaw amendments of the Corporation.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. In addition to the voting rights specified above each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. Each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation. Members also have the power to approve Bylaw amendments of the Corporation.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Periodic reviews are done to ensure that there are no conflicts of interest. All directors, officers, and committee members are required to annually sign a statement that they understand the Conflict of Interest Policy and agree to comply.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies are available upon request; also available on the CA Attorney General's website.

Filing and Contact Details

Filer

Filer Name
Greatest Generation Naval Museum
EIN
27-4799503
Phone
8584513535
Address
1 Pelican Isle, Fort Lauderdale, FL 33301

Signing Officer

Name
James M Slattery
Title
President
Signed
2015-08-31
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
2

Preparer

Firm
Cea Llp
Address
703 Palomar Airport Road 150, Carlsbad, CA 92011
Preparer
Mark A Stepka
Phone
7604384000
Supplemental Narrative

Financial Statement Notes

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

The organizations exempt purpose is to provide education about historical aircraft and military aviation. This will be accomplished by hands-on educational exhibits, present air shows, and provide opportunities for the public to fly in vintage aircraft. The organization was able to procure in 2012 (through donation) 15 historical aircraft which are to be used for this purpose.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payable - Other
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organizations exempt purpose is to provide education about historical aircraft and military aviation. This will be accomplished by hands-on educational exhibits, present air shows, and provide opportunities for the public to fly in vintage aircraft. The organization was able to procure in 2012 (through donation) 15 historical aircraft which are to be used for this purpose.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4: Description of organization's collections and how it furthers its purpose.
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IRS990ScheduleD/TotalLiabilityAmt0200000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0James Slattery and Jane Slattery are married and Michael Slattery is their son. James Slattery and Howard Appel are all owners of Millenniun Lab Holdings, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There is one class of members. Members of the Corporation shall be those persons whose applications for membership have been approved by the Members. The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. Each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation. Members also have the power to approve Bylaw amendments of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. In addition to the voting rights specified above each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The initial Members shall have the power to designate other Members to serve currently or in the future and to confer upon one or more other Members to designate other Members currently or in the future. Each Member shall have the right to vote for the election of the Directors, on a disposition of substantially all of the assets of the Corporation, on a merger of the Corporation, and on a dissolution of the Corporation. Members also have the power to approve Bylaw amendments of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No review was or will be conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Periodic reviews are done to ensure that there are no conflicts of interest. All directors, officers, and committee members are required to annually sign a statement that they understand the Conflict of Interest Policy and agree to comply.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Copies are available upon request; also available on the CA Attorney General's website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0272915925
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Medical Device Sales
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Millennium Lab Holdings
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01681 Via Tazon
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0San Diego
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd092127
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Slattery Family Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Millennium Research Institute
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0274743262
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1272971770
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Private Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Education and Research for Pain Mgmt
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01 Pelican Isle
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11 Pelican Isle
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fort Lauderdale
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Fort Lauderdale
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033301
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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