Civic Intelligence

General Douglas Macarthur Foundation

990 • Fiscal year 2016 • EIN 54-6037884

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 16, 2016

Macarthur SquareNorfolk, VA 23510

(757) 441-2965

Siviq Scores

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

Liabilities / Assets

51st percentile

0.19x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.85x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

21st percentile

$19,962

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

19th percentile

-5.0%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-37%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$9,948,931

Down $519,935 (-5.0%) from 2015

Net Assets

Down

$8,071,893

Down $365,499 (-4.3%) from 2015

Liabilities

Down

$1,877,038

Down $154,436 (-7.6%) from 2015

Revenue

Down

$488,053

Down $291,288 (-37%) from 2015

Expenses

Up

$595,544

Up $41,986 (+7.6%) from 2015

Net Income

Down

-$107,491

Down $333,274 (-148%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,834,621Liabilities 2011: $135,147Net Assets 2011: $5,699,4742011Assets 2012: $8,801,904Liabilities 2012: $905,496Net Assets 2012: $7,896,4082012Assets 2013: $10,443,428Liabilities 2013: $2,281,231Net Assets 2013: $8,162,1972013Assets 2014: $10,715,098Liabilities 2014: $2,174,708Net Assets 2014: $8,540,3902014Assets 2015: $10,468,866Liabilities 2015: $2,031,474Net Assets 2015: $8,437,3922015Assets 2016: $9,948,931Liabilities 2016: $1,877,038Net Assets 2016: $8,071,8932016Assets 2017: $11,250,077Liabilities 2017: $1,657,798Net Assets 2017: $9,592,2792017Assets 2018: $10,742,364Liabilities 2018: $834,968Net Assets 2018: $9,907,3962018Assets 2019: $10,403,900Liabilities 2019: $582,184Net Assets 2019: $9,821,7162019Assets 2020: $10,063,617Liabilities 2020: $384,470Net Assets 2020: $9,679,1472020Assets 2021: $11,284,143Liabilities 2021: $77,620Net Assets 2021: $11,206,5232021Assets 2022: $10,416,898Liabilities 2022: $66,973Net Assets 2022: $10,349,9252022Assets 2023: $10,964,668Liabilities 2023: $57,982Net Assets 2023: $10,906,6862023Assets 2024: $11,580,591Liabilities 2024: $50,814Net Assets 2024: $11,529,7772024Assets 2025: $11,971,726Liabilities 2025: $11,174Net Assets 2025: $11,960,5522025

Highlighted filing

2016

Assets$9,948,931
Liabilities$1,877,038
Net Assets$8,071,893

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $289,7292011Expenses 2012: $265,8562012Expenses 2013: $466,8132013Revenue 2014: $579,462Expenses 2014: $570,473Net Income 2014: $8,9892014Revenue 2015: $779,341Expenses 2015: $553,558Net Income 2015: $225,7832015Revenue 2016: $488,053Expenses 2016: $595,544Net Income 2016: -$107,4912016Revenue 2017: $1,760,065Expenses 2017: $595,423Net Income 2017: $1,164,6422017Revenue 2018: $453,288Expenses 2018: $547,842Net Income 2018: -$94,5542018Revenue 2019: $175,418Expenses 2019: $514,333Net Income 2019: -$338,9152019Revenue 2020: $345,835Expenses 2020: $385,687Net Income 2020: -$39,8522020Revenue 2021: $591,569Expenses 2021: $240,572Net Income 2021: $350,9972021Revenue 2022: $521,959Expenses 2022: $311,963Net Income 2022: $209,9962022Revenue 2023: $423,314Expenses 2023: $325,241Net Income 2023: $98,0732023Revenue 2024: $557,215Expenses 2024: $459,381Net Income 2024: $97,8342024Revenue 2025: $370,080Expenses 2025: $490,290Net Income 2025: -$120,2102025

Highlighted filing

2016

Revenue$488,053
Expenses$595,544
Net Income-$107,491
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 16, 2016
Return Version
2015v2.1
Gross Receipts
$5,189,254
Mission and Program Overview

Mission

Historical repository of information, research and artifacts related to the life and times of general douglas macarthur.

The general douglas macarthur foundation was established to commemorate the life and achievements of general douglas macarthur, particularly as they relate to his credo "duty, honor, country and its relevance to future generations of americans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,372,083$5,188,095▼ $183,988
Investments in Publicly Traded Securities$4,609,659$4,004,296▼ $605,363
Savings and Temporary Cash Investments$238,933$519,720▲ $280,787
Inventories for Sale or Use$57,133$57,150▲ $17
Cash and Non-Interest-Bearing Accounts$59,197$45,355▼ $13,842
Total Assets$10,468,866$9,948,931▼ $519,935
Other Assets Total$131,861$134,315▲ $2,454
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,919,613$1,762,723▼ $156,890
Other Liabilities$111,861$114,315▲ $2,454
Total Liabilities$2,031,474$1,877,038▼ $154,436
Net Assets / Fund Balance
Unrestricted Net Assets$8,342,392$7,962,590▼ $379,802
Permanently Rstr Net Assets$95,000$95,000→ $0
Temporarily Rstr Net Assets-$14,303-
Total Net Assets Fund Balance$8,437,392$8,071,893▼ $365,499
Total Liabilities and Net Assets / Fund Balance$10,468,866$9,948,931▼ $519,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,052,184$1,175,117$6,227,301
Equipment$61,689$161,668$223,357
Land$74,222-$74,222

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$95,000$85,325-$71,022$109,303
2014$100,920$139,337-$145,257$95,000
2013$95,000$139,688-$133,768$100,920
2012$95,000$336,196-$336,196$95,000
2011$762,869$2,286,378-$2,954,247$95,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colonel William J DavisExecutive DirectorPT$16,962$3,000$19,962
Revenue and Support

Revenue Composition

Contributions and Grants
$122,353
Program Service Revenue
$10,234
Investment Income
$289,492
Other Revenue
$65,974
All Other Contributions
$122,353
Change in Net Assets
$-107,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$-32,696
Revenue Not Reported on Financial Statements
$520,749
Revenue Not Reported on Form 990
$242,140
Other Revenue Adjustments
$500,148
Total Revenue per Audited Statements
$209,444
Total Revenue per Form 990
$488,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$520,228
Total Fundraising Expense$138,874
Salaries, Compensation, and Employee Benefits$75,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$183,988--$183,988
Interest-$83,760-$83,760
Other Salaries and Wages$23,272$9,309$13,963$46,544
Current Officers, Directors, Trustees, and Key Employees$14,106$3,255$4,340$21,701
Fees for Service Investment Mgmnt Fees-$20,601-$20,601
All Other Expenses$12,277$1,541-$13,818
Fees for Services Accounting-$12,370-$12,370
Advertising$7,669--$7,669
Other Expenses$6,876-$117,211$6,876
Office Expenses$1,106$5,094$340$6,540
Insurance$4,537$1,945-$6,482
Travel-$4,640-$4,640
Other Employee Benefits$2,389$861$1,276$4,526
Payroll Taxes$2,488$23$34$2,545
Occupancy--$1,710$1,710
Information Technology$641--$641
Total Functional Expenses$313,271$143,399$138,874$595,544

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$595,544
Expenses per Audited Statements$574,943
Total Expenses per Audited Statements$574,943
Expenses Not Reported on Financial Statements$20,601
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-David E. Thiel, a Board Member of the Foundation, Is a Vice President.A PORTION OF THE FOUNDATION'S INVESTMENTS ARE MANAGED BY CAPES CAPITAL MANAGEMENT, INC. THE FOUNDATION PAYS QUARTERLY FEES FOR THOSE SERVICES. THE FEES CHARGED ARE IN ACCORDANCE WITH THE COMPANY'S CUSTOMARY PRACTICES.No$13,963
-Henry U. Harris, Iii, Chairman of the Foundation, Is a Principal.A PORTION OF THE FOUNDATION'S INVESTMENTS ARE MANAGED BY PALLADIUM. THE FOUNDATION PAYS QUARTERLY FEES FOR THOSE SERVICES. THE FEES CHARGED ARE IN ACCORDANCE WITH THE COMPANY'S CUSTOMARY PRACTICES.No$6,637
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Liability$114,315
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 11

The audit committee will review the form 990 with the tax return preparer prior to filing. The audit committee will then report to the governing body concerning its approval.

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

The issue of conflicts is discussed at committee meetings and semi-annual board meetings. Those with conflicts on matters abstain from dicussions and voting.

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

Compensation for the executive director is determined annually through the budget process and approved by vote of the entire board of directors at annual meeting. No other officers receive compensation.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request at the foundation's offices.

Filing and Contact Details

Filer

Filer Name
General Douglas Macarthur Foundation
EIN
54-6037884
Phone
7574412965
Address
MACARTHUR SQUARE, NORFOLK, VA 23510

Signing Officer

Name
Colonel William J Davis
Title
Executive Director
Phone
7574412968
Signed
2016-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colonel William J Davis
Formed
1962
Legal Domicile
Va
Voting Board Members
27
Independent Board Members
27
Employees
7
Volunteers
4

Preparer

Firm
Cavanaugh Nelson Plc
Address
999 WATERSIDE DRIVE SUITE 2250, NORFOLK, VA 23510
Preparer
Mark a Nelson
Phone
7575784900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book/tax differences on sales of securities -500,148.

FORM 990, PART XII, LINE 1:

The organization uses the modified cash basis of accounting.

FORM 990, PART XII, LINE 2C:

The process and duties of the committee have not changed.

Financial Statement Notes

PART V, LINE 4:

The earnings of the foundations endowment funds are used to support the day to day operations.

PART X, LINE 2:

The foundation annually files an informational return for exempt organizations with the irs and such returns are generally subject to irs examination for a period of three years from the time they were filed. Accordingly, the foundation's returns for the years ended june 30, 2015, 2014, and 2013 are subject to examination.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Book/tax differences on sales of securities 500,148.

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IRS990/Form990PartVIISectionAGrp/PersonNm4DR D N DIEDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm5LYMAN H HAMMOND JR COL USA RET
IRS990/Form990PartVIISectionAGrp/PersonNm6HENRY U HARRIS III
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM S HULL
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT KESLER
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY LOUIS LEHEW
IRS990/Form990PartVIISectionAGrp/PersonNm10HARVEY L LINDSAY JR
IRS990/Form990PartVIISectionAGrp/PersonNm11ROY B MARTIN III
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IRS990/Form990PartVIISectionAGrp/PersonNm13G CONOLY PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD D ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm15LISA B SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm16EDWARD B SNYDER
IRS990/Form990PartVIISectionAGrp/PersonNm17BYRON E TOBIN RADM USN RET
IRS990/Form990PartVIISectionAGrp/PersonNm18G WILLIAM WHITEHURST
IRS990/Form990PartVIISectionAGrp/PersonNm19JAMES WOFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm20DR TONY ATWATER
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IRS990/Form990PartVIISectionAGrp/PersonNm22JAMES S MATHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm23REBECCA BEACH SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm24JERRAULD C JONES
IRS990/Form990PartVIISectionAGrp/PersonNm25BARCLAY C WINN
IRS990/Form990PartVIISectionAGrp/PersonNm26GEORGE G BALL III
IRS990/Form990PartVIISectionAGrp/PersonNm27GEORGE BUSH
IRS990/Form990PartVIISectionAGrp/PersonNm28WESLEY K CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm29STANTON R COOK
IRS990/Form990PartVIISectionAGrp/PersonNm30DAVID R GOODE
IRS990/Form990PartVIISectionAGrp/PersonNm31MICHEL MAISONNEUVE
IRS990/Form990PartVIISectionAGrp/PersonNm32JOHN P MATSON
IRS990/Form990PartVIISectionAGrp/PersonNm33HUGH MEREDITH
IRS990/Form990PartVIISectionAGrp/PersonNm34WILLIAM M GERSHEN
IRS990/Form990PartVIISectionAGrp/PersonNm35FIDEL V RAMOS
IRS990/Form990PartVIISectionAGrp/PersonNm36WILLIAM E DASHIELL
IRS990/Form990PartVIISectionAGrp/PersonNm37RICHARD G DIAMONSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm38KEITH NAUMAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16IMMEDIATE PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0187258
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt05189254
IRS990/GrossSalesOfInventoryAmt035934
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InterestGrp/ManagementAndGeneralAmt083760
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102234
IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01336785
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IRS990/LandBldgEquipCostOrOtherBssAmt06524880
IRS990/LegalDomicileStateCd0VA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.0$0.01$12.0$0.37$0.49$0.12
2024Detailed filing. Detailed filing data is available for this year.$11.6$0.05$11.5$0.56$0.46$0.10
2023Detailed filing. Detailed filing data is available for this year.$11.0$0.06$10.9$0.42$0.33$0.10
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.07$10.3$0.52$0.31$0.21
2021Detailed filing. Detailed filing data is available for this year.$11.3$0.08$11.2$0.59$0.24$0.35
2020Detailed filing. Detailed filing data is available for this year.$10.1$0.38$9.68$0.35$0.39$0.04
2019Detailed filing. Detailed filing data is available for this year.$10.4$0.58$9.82$0.18$0.51$0.34
2018Detailed filing. Detailed filing data is available for this year.$10.7$0.83$9.91$0.45$0.55$0.09
2017Detailed filing. Detailed filing data is available for this year.$11.3$1.66$9.59$1.76$0.60$1.16
2016Detailed filing. Detailed filing data is available for this year.$9.95$1.88$8.07$0.49$0.60$0.11
2015Detailed filing. Detailed filing data is available for this year.$10.5$2.03$8.44$0.78$0.55$0.23
2014Detailed filing. Detailed filing data is available for this year.$10.7$2.17$8.54$0.58$0.57$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$2.28$8.16$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.80$0.91$7.90$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.14$5.70$0.29