Nauticus DBA 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.”

“Maintenance and repairs: program service expenses 61,274. Management and general expenses 4,010. Fundraising expenses 0. Total expenses 65,284. Food: program service expenses 25,959. Management and general expenses 2,119. Fundraising expenses 24,900. Total expenses 52,978. Consultants: program service expenses 37,435. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,435. Dues and subscriptions: program service expenses 14,031. Management and general expenses 15,944. Fundraising expenses 1,913. Total expenses 31,888. Program expense: program service expenses 15,193. Management and general expenses 5,083. Fundraising expenses 9,721. Total expenses 29,997. Equipment: program service expenses 26,150. Management and general expenses 2,076. Fundraising expenses 0. Total expenses 28,226. Educational and training supplies: program service expenses 9,760. Management and general expenses 251. Fundraising expenses 0. Total expenses 10,011. Training: program service expenses 708. Management and general expenses 5,828. Fundraising expenses 1,339. Total expenses 7,875. Rental equipment: program service expenses 3,561. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,561. Utilities: program service expenses 1,508. Management and general expenses 385. Fundraising expenses 0. Total expenses 1,893. Licenses: program service expenses 1,332. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,332. Event sponsorship: program service expenses 102. Management and general expenses 498. Fundraising expenses 0. Total expenses 600.”

“BAD DEBT EXPENSE -4,750.”

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