Civic Intelligence

Uss Midway Museum

EIN 33-0556416 • 501(c)3 • San Diego, CA

Profile

To preserve the historic uss midway and the legacy of those who serve, inspire and educate future generations, and entertain museum guests.

910 N Harbor DriveSan Diego, CA 92101

www.midway.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.08x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.24x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

58th percentile

6.7%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

9.7%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

40th percentile

3.7%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Assets

Up

$120,537,125

Up $8,020,505 (+7.1%) from 2023

Liabilities

Up

$9,294,019

Up $1,017,208 (+12%) from 2023

Net Assets

Up

$111,243,106

Up $7,003,297 (+6.7%) from 2023

Revenue

Down

$39,443,527

Down $342,749 (-0.9%) from 2023

Expenses

Up

$36,809,326

Up $7,959,492 (+28%) from 2023

Net Income

Down

$2,634,201

Down $8,302,241 (-76%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $31,352,722Liabilities 2010: $1,059,960Net Assets 2010: $30,292,7622010Assets 2011: $33,231,135Liabilities 2011: $1,476,144Net Assets 2011: $31,754,9912011Assets 2012: $39,764,542Liabilities 2012: $2,037,762Net Assets 2012: $37,726,7802012Assets 2013: $48,316,409Liabilities 2013: $2,502,988Net Assets 2013: $45,813,4212013Assets 2014: $58,186,879Liabilities 2014: $2,538,692Net Assets 2014: $55,648,1872014Assets 2015: $63,231,936Liabilities 2015: $2,164,836Net Assets 2015: $61,067,1002015Assets 2016: $71,287,410Liabilities 2016: $2,350,920Net Assets 2016: $68,936,4902016Assets 2017: $81,620,119Liabilities 2017: $2,967,954Net Assets 2017: $78,652,1652017Assets 2018: $83,146,344Liabilities 2018: $5,029,946Net Assets 2018: $78,116,3982018Assets 2019: $95,906,289Liabilities 2019: $5,111,206Net Assets 2019: $90,795,0832019Assets 2020: $89,557,357Liabilities 2020: $4,343,802Net Assets 2020: $85,213,5552020Assets 2021: $106,596,110Liabilities 2021: $10,561,909Net Assets 2021: $96,034,2012021Assets 2022: $100,244,736Liabilities 2022: $8,677,165Net Assets 2022: $91,567,5712022Assets 2023: $112,516,620Liabilities 2023: $8,276,811Net Assets 2023: $104,239,8092023Assets 2024: $120,537,125Liabilities 2024: $9,294,019Net Assets 2024: $111,243,1062024

Highlighted filing

2024

Assets$120,537,125
Liabilities$9,294,019
Net Assets$111,243,106

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $13,873,1162010Expenses 2011: $14,699,4882011Expenses 2012: $15,357,2702012Revenue 2013: $21,957,912Expenses 2013: $15,540,913Net Income 2013: $6,416,9992013Revenue 2014: $25,693,035Expenses 2014: $16,210,434Net Income 2014: $9,482,6012014Revenue 2015: $26,378,754Expenses 2015: $19,290,589Net Income 2015: $7,088,1652015Revenue 2016: $29,992,598Expenses 2016: $20,751,658Net Income 2016: $9,240,9402016Revenue 2017: $27,420,719Expenses 2017: $22,654,799Net Income 2017: $4,765,9202017Revenue 2018: $29,143,437Expenses 2018: $24,548,260Net Income 2018: $4,595,1772018Revenue 2019: $29,924,147Expenses 2019: $25,921,930Net Income 2019: $4,002,2172019Revenue 2020: $9,957,373Expenses 2020: $18,374,718Net Income 2020: -$8,417,3452020Revenue 2021: $25,013,272Expenses 2021: $19,115,935Net Income 2021: $5,897,3372021Revenue 2022: $36,661,829Expenses 2022: $31,011,005Net Income 2022: $5,650,8242022Revenue 2023: $39,786,276Expenses 2023: $28,849,834Net Income 2023: $10,936,4422023Revenue 2024: $39,443,527Expenses 2024: $36,809,326Net Income 2024: $2,634,2012024

Highlighted filing

2024

Revenue$39,443,527
Expenses$36,809,326
Net Income$2,634,201

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$121$9.29$111$39.4$36.8$2.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$8.28$104$39.8$28.8$10.9
2022Detailed filing. Detailed filing data is available for this year.$100$8.68$91.6$36.7$31.0$5.65
2021Detailed filing. Detailed filing data is available for this year.$107$10.6$96.0$25.0$19.1$5.90
2020Detailed filing. Detailed filing data is available for this year.$89.6$4.34$85.2$9.96$18.4$8.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.9$5.11$90.8$29.9$25.9$4.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.1$5.03$78.1$29.1$24.5$4.60
2017Detailed filing. Detailed filing data is available for this year.$81.6$2.97$78.7$27.4$22.7$4.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.3$2.35$68.9$30.0$20.8$9.24
2015Detailed filing. Detailed filing data is available for this year.$63.2$2.16$61.1$26.4$19.3$7.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.2$2.54$55.6$25.7$16.2$9.48
2013Detailed filing. Detailed filing data is available for this year.$48.3$2.50$45.8$22.0$15.5$6.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$2.04$37.7$15.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$1.48$31.8$14.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.4$1.06$30.3$13.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$49,828,244
Mission and Program Overview

Mission

To preserve the historic uss midway and the legacy of those who serve, inspire and educate future generations, and entertain museum guests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$53,173,269$49,527,553▼ $3,645,716
Land, Buildings, and Equipment, Net$39,614,357$48,967,505▲ $9,353,148
Savings and Temporary Cash Investments$10,066,840$12,312,329▲ $2,245,489
Cash and Non-Interest-Bearing Accounts$5,607,722$5,215,578▼ $392,144
Prepaid Expenses and Deferred Charges$1,870,710$2,281,997▲ $411,287
Accounts Receivable$1,463,121$1,576,373▲ $113,252
Pledges and Grants Receivable$93,081$0▼ $93,081
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$112,516,620$120,537,125▲ $8,020,505
Other Assets Total$627,520$655,790▲ $28,270
Liabilities
Accounts Payable and Accrued Expenses$3,096,526$5,235,489▲ $2,138,963
Deferred Revenue$1,563,601$1,753,778▲ $190,177
Grants Payable$2,680,259$1,595,519▼ $1,084,740
Other Liabilities$936,425$709,233▼ $227,192
Total Liabilities$8,276,811$9,294,019▲ $1,017,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,379,705$110,483,964▲ $7,104,259
Net Assets With Donor Restrictions$860,104$759,142▼ $100,962
Total Net Assets Fund Balance$104,239,809$111,243,106▲ $7,003,297
Total Liabilities and Net Assets / Fund Balance$112,516,620$120,537,125▲ $8,020,505

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,168,468$32,452,917$55,621,385
Equipment$12,353,487$5,049,759$17,403,246
Other Land Buildings$12,431,763-$12,431,763
Land$1,013,787-$1,013,787
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Radm Terry KraftPresident & CEOFT$312,736$42,265$355,001
Philip HamiltonCFO (retired)FT$246,077$44,729$290,806
Leonard SantiagoDirector of EngineeringFT$236,122$48,372$284,494
Mark BerlinDirector of OpsFT$197,465$45,436$242,901
Laura LudvikDirector of Dev.FT$182,793$40,078$222,871
Liane MortonDirector of HrFT$173,648$44,172$217,820
David KoontzDirector of MktgFT$155,684$24,507$180,191
Cynthia BertrandCFOFT$47,909$14,295$62,204

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Amp United LLCHull Preservation50 Sheffield Rd, Dover, NH 03820$3,993,726
Vitrorobertson LLCMarketing225 Broadway Suite 800, San Diego, CA 92101$557,472
Seaward Marine Services LLCHull Preservation5409 Beamon Road, Norfolk, VA 23513$477,820
Gallagher & AssociatesDesigning Freedom Park1140 3rd Street 2149, Washington, DC 20002$268,812
Loma Media PartnersMarketing6497 US HIGHWAY 212, Ren Lodge, MT 59068$205,172
Revenue and Support

Revenue Composition

Contributions and Grants
$1,780,418
Program Service Revenue
$29,827,948
Investment Income
$2,277,547
Other Revenue
$5,557,614
All Other Contributions
$1,314,364
Change in Net Assets
$2,634,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,443,527
Revenue Not Reported on Form 990
$4,524,047
Total Revenue per Audited Statements
$43,967,574
Total Revenue per Form 990
$39,443,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,642,328
Salaries, Compensation, and Employee Benefits$14,506,422
Total Fundraising Expense$1,343,689
Grants and Similar Amounts Paid$660,576
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,252,236$2,152,658$591,990$10,996,884
Depreciation Depletion$3,706,486$131,462$43,822$3,881,770
All Other Expenses$2,190,609$300,272$170,532$2,661,413
Occupancy$1,880,444$178,669$52,255$2,111,368
Fees for Services Other$1,252,232$509,535$105,278$1,867,045
Other Employee Benefits$1,391,977$377,046$92,883$1,861,906
Other Expenses$1,027,871$99,300$33,400$1,160,571
Payroll Taxes$701,225$185,256$53,140$939,621
Advertising$150,806$591,471$625$742,902
Current Officers, Directors, Trustees, and Key Employees$495,608$141,602$70,801$708,011
Grants to Domestic Orgs$660,576--$660,576
Insurance$206,664$16,757$5,586$229,007
Total Functional Expenses$30,190,733$5,274,904$1,343,689$36,809,326

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$36,964,277
Expenses per Audited Statements$36,809,326
Total Expenses per Form 990$36,809,326
Expenses Not Reported on Form 990$154,951
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
USS Midway FoundationSan Diego, CA501(c)(3)Donations for Supporting Org$500,000
Barrio Logan College InstSan Diego, CA501(c)(3)Program Support$23,000
Classroom of the Future FdnSan Diego, CA501(c)(3)Program Support$21,500
Support the Enlisted ProjectSan Diego, CA501(c)(3)Sponsorship$21,430
Armed Services YMCASan Diego, CA501(c)(3)Program Support$20,130
SD Working WaterfrontSan Diego, CA501(c)(3)Annual Contribution to Port SD Asso$10,950
Sdmac FoundationSan Diego, CA501(c)(3)SDMAC Achievement Award$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$154,951
Fundraising Gross Income$132,850
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$582,154$132,850$154,951$-22,101
Total Events$582,154$132,850$154,951$-22,101
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
Event Deposits$709,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 completed form 990 was reviewed by management before signature and filing, then made available to members of the board of directors. The completed form will be reviewed by the audit committee and made available to the members of the board of directors prior to signature and filing.

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

All board members are reminded of the agency's conflict of interest policy and requirements. Each member submits a written confirmation regarding any conflicts of interests.

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

A sub-committee of the executive committee determined the compensation for the president/ceo through comparisons in the local job market. Additional deferred compensation plan is developed by outside consultants.

Form 990, Part VI, Section C, Line 19

Items available upon request.

Filing and Contact Details

Filer

Filer Name
Uss Midway Museum
EIN
33-0556416
Phone
6195449600
Address
910 N HARBOR DRIVE, SAN DIEGO, CA 92101

Signing Officer

Name
Cynthia Bertrand
Title
CFO
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
26
Independent Board Members
25
Employees
307
Volunteers
800

Preparer

Firm
West Rhode & Roberts
Address
2741 4th Ave, San Diego, CA 92103
Preparer
Christopher M Roberts
Phone
6196155380
Supplemental Narrative

Financial Statement Notes

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

The museum is a repository of artifacts, aircraft manuscripts, and photographs related to naval history. The museum's collections contain over 20 aircraft and related items and thousands of artifacts. The collection has substantial value. As is customary with museum historical and art collections, the collections are expensed when acquired.

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

The museum is a repository of artifacts, aircraft manuscripts, and photographs related to naval history. The museum's collections contain over 20 aircraft and related items and thousands of artifacts. The collection has substantial value. As is customary with museum historical and art collections, the collections are expensed when acquired.

Part X : FIN48 Footnote

The Museum is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3) and is also exempt from the State of California franchise and Income tax under Section 23701(d) of the State Revenue and Taxation Code. The Financial Accounting Standards Board (FASB) issued Accounting Standards Codification No. 740-10, Accounting for Uncertainties in Income Tax, which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The Museum has reviewed its positions for all open tax years and has determined that it has no uncertain tax positions requiring accrual or disclosure. Some of the operations of the Museum are subject to unrelated business income tax (UBIT).

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special Event Expense $154951

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event expense $154951

Raw XML AppendixShowing 400 of 924 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE USS MIDWAY MUSEUM IS A DYNAMIC NONPROFIT NAVAL AVIATION MUSEUM WHOSE PROGRAM ELEMENTS INCLUDE EDUCATIONAL CURRICULUM AND CLASS VISITS FOR MORE THAN 40,000 STUDENTS ANNUALLY; AN ACTIVE SLEEPOVER PROGRAM FOR YOUTH GROUPS; ONGOING DEVELOPMENT OF NAVAL AVIATION EXHIBITS; HOSTING MORE THAN 250 PRIVATE EVENTS A YEAR; MANAGING AN ACTIVE VOLUNTEER CORPS IN EXCESS OF 850; AND PROVIDING NECESSARY PROGRAM SAFETY AND SECURITY.THE MUSEUM IS A REGIONAL RESOURCE FOR A VARIETY OF NONPROFIT ORGANIZATIONS, INCLUDING EDUCATION, AND REGULARLY HOSTS COMMUNITY, BUSINESS, AND CIVIC EVENTS. ITS VISION IS TO BE AMERICA'S LIVING SYMBOL OF FREEDOM.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director

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