Greatest Generation Naval Museum

“Board Member, Mark Earle, ALSO SERVES AS a board member OF THE RELATED ORGANIZATION, National Museum of World War II Aviation, INC. (NMWWIIA). BASED ON THE IRS DEFINITION OF A BUSINESS RELATIONSIP, Mark Earle HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING BOARD MEMBERS, DUE TO THE MEMBERS' JOINT SERVICE ON THE BOARD OF NMWWIIA, WHERE Mark Earle IS EMPLOYED AS AN Board Member-EMPLOYEE: William Klaers, Kurt K. Peterson, Tom Perkins, and James Slattery.”

“Form 990 is prepared by a third-party preparer. The form 990 then goes through a detail review by the president of the board with a final version of the form 990 being sent to the entire board before being filed with the irs.”

“At Board Meetings, an Interested Person Must Disclose the existence of financial interest, AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHEN THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.”

“The organization's governing documents, including its form 990, are made available to the public upon request.”

“COLUMN (A) BEGINNING YEAR BALANCE: LINE 10a and b, land, buildings, equipment and accumulated depreciation, WAS ADJUSTED TO remove the fair market value of the museum's collection of historical artifacts. The prior year return (2023 Form 990PF) required the fair market value to be reported, however, the 2024 form 990 follows the audited financial statementsno value is assessed. Museum Collection: In conformity with the practice followed by many museums, historical artifacts purchased and donated are not reflected as assets on the consolidated statement of financial position. The value of the collection has not been assessed. The cost of all artifacts purchased is included in program expenses. Numerous accessions were received, however, no artifacts were purchased during the years ended December 31, 2024 and 2023. When an artifact is deaccessioned, proceeds from the sale, if any, are used for the direct care of the existing artifacts. The Museum defines direct care as all costs necessary to maintain the current presentation and quality of its artifacts.”