Nauticus Foundation

“The financial manager and the executive committee review preliminary drafts of the form 990. Once the 990 is in final draft form, it will be approved by the executive committee and distributed, on request, to members of the full board of directors.”

“Board of directors are reminded that all conflicts of interest need to be disclosed and are given the conflict of interest policy at the annual meeting.”

“Foundation makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Celebrate our connections with today's maritime world, nauticus is a contemporary museum that uses the natural setting of norfolk's harbor to showcase global maritime commerce and the world's largest navy. The 501(c)(3) nauticus foundation leverages contributed and grant revenue from individuals, corporations, and the government to develop and expand the museum's exhibitry and educational programs.”

“Other fees: program service expenses 127,609. Management and general expenses 13,081. Fundraising expenses 4,924. Total expenses 145,614.”

“Non-employee labor: program service expenses 75,168. Management and general expenses 12. Fundraising expenses 0. Total expenses 75,180. Marine supplies: program service expenses 66,907. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,907. Dues and subscriptions: program service expenses 38,121. Management and general expenses 21,857. Fundraising expenses 6,254. Total expenses 66,232. Equipment: program service expenses 60,378. Management and general expenses 3,093. Fundraising expenses 0. Total expenses 63,471. Consultants: program service expenses 0. Management and general expenses 0. Fundraising expenses 55,240. Total expenses 55,240. Program expense: program service expenses 26,409. Management and general expenses 8,422. Fundraising expenses 13,432. Total expenses 48,263. Rental equipment: program service expenses 43,647. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,647. Contracts: program service expenses 31,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,574. Educational and training supplies: program service expenses 13,889. Management and general expenses 124. Fundraising expenses 0. Total expenses 14,013. Training: program service expenses 12,292. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,292. Licenses: program service expenses 982. Management and general expenses 1,428. Fundraising expenses 3,084. Total expenses 5,494. Event sponsorship: program service expenses 0. Management and general expenses 2,237. Fundraising expenses 1,119. Total expenses 3,356. Utilities: program service expenses 650. Management and general expenses 1,895. Fundraising expenses 0. Total expenses 2,545. Bad debt expense: program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600.”

“The foundation's executive committee is responsible for oversight of the audit, review of its financial statements and selection of the independent accountant.”