Us Navy Memorial Foundation

“Prior to the filing of the form 990 with the internal revenue service, each member of the finance and investment committee is given a copy for their review. The governing body has three days to review and submit questions it may have. All questions are collectively answered electronically prior to submission of the 990.”

“Annually, at the spring meeting, the board and senior staff complete the conflict of interest statement. It is emailed or faxed to those not attending the meeting. When returned, the statements are reviewed by senior management. Senior management is usually aware of the conflict prior to adding the person to the board or to the staff. Between spring board meetings, the chairman advises the directors and senior staff that they are to update the conflict of interest statements in the event of a possible conflict of interest. In the event of a conflict of interest, the interested person may make a presentation at the meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”

“The compensation process at the united states navy memorial foundation is designed to provide compensation that is at the median level of foundations and associations in the national capital region. The compensation committee consulted a compensation expert experienced and knowledgeable concerning the surveys that are done to establish compensation and the compensation environment in this region . The leadership team at the united states navy memorial foundation, consisting of the president and the executive vice president, meet annually to review the position descriptions and the level of work to ensure that the individuals in the foundation are effectively being compared to their peers in other organizations. During the compensation review process, the work performance of all employees are reviewed, and a determination is made regarding any increases in salary. Additionally, a decision is made about whether any raise is possible based on the foundation's financial condition. Annually, employees are reviewed on the basis of performance. The performance review document is written for each individual evaluating their performance against the goals that are established for the year. The compensation committee also reviews the aggregate salary structure for the remainder of the employees to ensure that the aggregate compensation appears fair and reasonable. The compensation for the president is reviewed annually by the compensation committee of the board. The total compensation pool for staff is also reviewed annually by this committee. The president's most recent compensation review was held in december 2018.”

“The governing documents and conflict of interest policy are not made available to the public, however the audited financial statements and the 990 are available on the organization's website.”

“Bridgewing chats, movies on the memorial and honor flight programs were added to the programs offered under the visitor center services. The bridgewing chat is a forum for junior officers and civilians to engage senior navy leadership on current topics which have a strategic impact on the navy. Movies on the memorial is a new program that is offered through the visitor center services where we show navy-themed movies on the navy memorial plaza every thursday night from memorial day through labor day. Another new program is our honor flight program which is our highest honor to host veterans, hear their stories, recognize their sacrifices and celebrate their service to our country. We are able to deliver our mission in its fullest extent, when we host honor flights.”