2026-09-03T09:24:49-05:00 2025-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 250 W NOTTINGHAM DR SUITE 100 SAN ANTONIO TX 78209 990 2025-01-01 741492692 ADMIRAL NIMITZ FOUNDATION ADMI 8309978600 328 EAST MAIN ST FREDERICKSBURG TX 78624 RORIE CARTIER PRESIDENT/CEO 8309978600 2026-09-02 1 KIMIKO BACA P01268795 8174358600 2025 MICHAEL W HAGEE 328 EAST MAIN ST FREDERICKSBURG TX 78624 18769292 0 X WWW.PACIFICWARMUSEUM.ORG X 1971 TX OPERATE AND SUPPORT THE STATE-OWNED MUSEUM EXPERIENCE THROUGH ITS EXTENSIVE COLLECTION TO EDUCATE AND INSPIRE PRESENT AND FUTURE GENERATIONS ABOUT WORLD WAR II IN THE ASIATIC PACIFIC THEATER AND THE RELEVANCE OF ITS LESSONS AND THE EFFECTS WORLDWIDE. 19 18 69 102 0 0 9103216 15173825 2185301 1689259 915069 1054880 439070 385865 12642656 18303829 20000 0 0 0 2756740 3507018 0 20014 497733 6695534 13262743 9472274 16789775 3170382 1514054 32463069 36680384 335303 973321 32127766 35707063 OPERATE AND SUPPORT THE STATE-OWNED MUSEUM EXPERIENCE THROUGH ITS EXTENSIVE COLLECTION TO EDUCATE AND INSPIRE PRESENT AND FUTURE GENERATIONS ABOUT WORLD WAR II IN THE ASIATIC PACIFIC THEATER AND THE RELEVANCE OF ITS LESSONS AND THE EFFECTS WORLDWIDE. 0 0 14828420 1453734 MUSEUM SUPPORT: THE ORGANIZATION OVERSEES AND MANAGES, UNDER AGREEMENT WITH THE TEXAS HISTORICAL COMMISSION, THE NATIONAL MUSEUM OF THE PACIFIC WAR. VISITATION ATTENDANCE IN 2025 WAS 108,000.IN ADDITION TO ORDINARY OPERATIONS DURING 2025, ADMIRAL NIMITZ FOUNDATION RENOVATED AND EXPANDED THE BUSH GALLERY AND STARTED PLANNING FOR AN EXPANSION OF THE EDUCATION DEPARTMENT. 424170 396867 RETAIL SALES:THE ORGANIZATION OVERSEES AND MANAGES A MUSEUM STORE AND A BOOKSTORE THAT SELLS REFERENCES AND SOUVENIRS RELATING TO THE HISTORY OF WORLD WAR II IN THE PACIFIC. 298805 235525 MEMORIALS AND MEMBERSHIPS:THE ORGANIZATION IS SUPPORTED BY OVER 1,000 MEMBERS AND CONTINUES TO EXPAND A MEMORIAL WALL OF PLAQUES IN HONOR OF WORLD WAR II HEROES AND A WALK OF ENGRAVED BRICKS THAT HONORS ALL MEN AND WOMEN WHO HAVE SERVED. 15551395 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 20 0 1 69 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X GARY R NEFFENDORF 8309978600 310 E AUSTIN STREET FREDERICKSBURG TX 78624 STEVEN L SALAZAR FORMER PRESIDENT/CEO [THRU 07/25] 40.00 X X 333620 0 7518 RORIE CARTIER PHD PRESIDENT/CEO [FROM 10/25] 40.00 X X 69985 0 1841 GEN MICHAEL W HAGEE USMC RET FORMER PRESIDENT/CEO [7/25 - 10/25] 40.00 X X 46154 0 0 JULIE ALVAREZ DIRECTOR 0.20 X 0 0 0 JOHN M BIRD VADM USN RET DIRECTOR 0.20 X 0 0 0 ELIZABETH BOLDRICK DIRECTOR 0.20 X 0 0 0 ELLE FISCHER DIRECTOR 0.20 X 0 0 0 BRIAN FITZPATRICK USN RET DIRECTOR 0.20 X 0 0 0 CARLOS JAY GUERRERO DIRECTOR 0.20 X 0 0 0 JOHN E HARRIS DIRECTOR 0.20 X 0 0 0 CAPT SAMUEL C HOWARDUSN RET DIRECTOR 0.20 X 0 0 0 REAR ADM MARK A MELSON USN RET DIRECTOR 0.20 X 0 0 0 CDR DEBORAH N PAYNE USN RET DIRECTOR 0.20 X 0 0 0 LTG MICHAEL OATES USA RET DIRECTOR 0.20 X 0 0 0 MARK A ROCHE DIRECTOR 0.20 X 0 0 0 FRANCIE B MANNIX DIRECTOR 0.20 X 0 0 0 ROBERT F WHELESS DIRECTOR 0.20 X 0 0 0 GEN MICHAEL W HAGEE USMC RET DIRECTOR 0.20 X 0 0 0 GREG SHRADER CHAIRMAN 0.50 X X 0 0 0 CAPT MICHAEL B TATSCH USN RET VICE CHAIRMAN/SECRETARY 0.25 X X 0 0 0 GARY R NEFFENDORF CFO 40.00 X 84871 0 2546 534630 0 11905 1 0 1 0 EXHIBIT CONCEPTS INC 700 CROSSROADS COURT VANDALIA OH 45377 EXHIBIT CONSTRUCTION 3513087 DUECKER CONSTRUCTION PO BOX 299 STONEWALL TX 78671 BUILDING/EXHIBIT CONSTRUCTION 1541634 BOSTON PRODUCTIONS 31 HAYWARD ST STE D FRANKLIN MA 02038 EXHIBIT CONSTRUCTION 1473239 BOWEN TECHNOVATION 7999 EAST 88TH ST INDIANAPOLIS IN 46256 FABRICATION 1031022 MECHANICAL SERVICES OF NORTH TEXAS PO BOX 339 MASON TX 76856 ELECTRICAL, MECHANICAL 728168 10 407239 8031470 6735116 15173825 ADMISSIONS 459420 1351594 1351594 MEMBERSHIPS 459420 131574 131574 MEMORIAL WALL AND WALK 459420 103951 103951 OTHER PROGRAM SERVICE FEES 459420 102140 102140 1689259 1054880 1054880 4822 4822 44155 0 44155 44155 44155 69137 407239 129116 -59979 -59979 733214 336347 396867 396867 18303829 2086126 0 1043878 543412 413478 77961 51973 2354144 1785130 341409 227605 3123 2870 152 101 396546 364461 19251 12834 209793 157617 31306 20870 20014 20014 231032 231032 116306 48006 68300 260305 230967 9240 20098 154633 114441 40192 165094 99019 66075 190850 187430 3420 52663 41421 11242 5259 5159 100 47518 2644 44874 102988 82040 20948 MUSEUM ENHANCE/EXHIBITS 11295357 11295357 PROGRAM FEES 286445 286445 PRINT, POSTAGE, FREIGHT 198479 48454 5787 144238 REPAIRS AND MAINTENANCE 106901 106511 390 48913 48913 16789775 15551395 740647 497733 X 180867 42240 0 138627 5018418 1138149 1242015 2960881 1329699 5239865 3374 41315 243997 271140 26199 63871 3579533 1238271 2388780 2341262 22210587 24623901 32463069 36680384 205220 873350 130083 99971 335303 973321 X 28277608 27084935 3850158 8622128 32127766 35707063 32463069 36680384 1514054 2065243 0 X X 0 1 X 1 0 X 3894715 4082003 6386147 9103216 15173825 38639906 3894715 4082003 6386147 9103216 15173825 38639906 5991589 32648317 793889 797002 733922 975961 1103857 4404631 367952 296245 0 0 0 664197 43708734 13548037 0.74700 0.80460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65044 X X 0 22297560 4693813 2109974 231032 24650367 19926898 4126946 1542754 213530 22297560 16511061 4014037 418923 179277 19926898 18962152 -2001079 274324 175688 16511061 15823687 3771505 457047 175993 18962152 0.98039 0.01960 0.00000 0 0 556483 556483 2381922 664072 1717850 418498 418498 0 65044 157586 155701 66929 2341262 20138040 2065243 2065243 18072797 231032 231032 18303829 16558743 0 16558743 231032 231032 16789775 PART III, LINE 4: EIGHT FOOT BRONZE STATUE OF ADMIRAL CHESTER NIMITZ SCULPTED BY RIP CASWELL. PART V, LINE 4: THE BOARD HAS ESTABLISHED A MAXIMUM SPENDING RATE OF 3.5 PERCENT OF THE AVERAGE OF THE PREVIOUS 12-QUARTER ASSET VALUES OF THE FOUNDATION'S ENDOWMENTS. THE FOUNDATION MAY USE ALL THE CURRENT YEAR'S ANNUAL INCOME (DIVIDENDS AND INTEREST) FROM THE ENDOWMENT UP TO THE MAXIMUM SPENDING RATE ABOVE. THE FOUNDATION MAY ELECT NOT TO SPEND ALL, OR A PORTION, OF THE FOUNDATION'S ENDOWMENT SPENDING PROVIDED ABOVE IF NOT NEEDED TO OPERATE THE FOUNDATION AND/OR THE MUSEUM. IN THIS CASE, THE UNSPENT FUNDS WILL REMAIN IN THE ENDOWMENT. THESE UNSPENT FUNDS WILL NOT CARRY OVER AND WILL NOT BE AVAILABLE FOR WITHDRAWAL AS PART OF ANY FUTURE YEAR'S ANNUAL INCOME. X X X X 1 FUND RAISING STRATEGIES INC 1420 SPRING HILL RD 450 MCLEAN VA 22102 SOLICITATION OF FUNDS 0 325367 20014 305353 325367 20014 305353 AK AL AR AZ CA CO CT DC DE FL GA MS MT NC ND NE NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WY SPECIAL EVENTS 476376 407239 69137 129116 476376 407239 69137 129116 129116 -59979 X X 1 0 0 0 0 0 0 0 0 STEVEN L SALAZAR FORMER PRESIDENT/CEO [THRU 07/25] 133620 0 123059 0 76941 0 577 0 6941 0 341138 0 0 0 PART I, LINE 4A STEVEN L SALAZAR - $200,000 STEPHANIE W HAGEE FAMILY RELATION TO DIRECTOR 62791 WAGES 0 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION ADMIRAL NIMITZ FOUNDATION 328 EAST MAIN ST FREDERICKSBURG, TX 78624 EMPLOYER IDENTIFICATION NUMBER: 74-1492692 FOR THE YEAR ENDING DECEMBER 31, 2025. ADMIRAL NIMITZ FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED IN 2025, AND THE AMENDED VERSION TOOK EFFECT ON 16 APRIL 2025. BELOW ARE THE CHANGES TO BYLAWS: ARTICLE IV, SECTION 3(A): DIRECTORS ARE ELECTED FOR INITIAL STAGGERED TERMS OF 1, 2, OR 3 YEARS, WITH SUBSEQUENT TERMS GENERALLY LASTING 3 YEARS UNLESS A SHORTER TERM IS APPROVED FOR STAGGERING PURPOSES OR AT THE DIRECTOR'S REQUEST. IN SUCH CASES, A SUBSEQUENT TERM OF ONE (1) OR TWO (2) YEAR(S) MAY BE APPROVED BY THE BOARD. ARTICLE IV, SECTION 3(C): THE FOUNDATION PRESIDENT/CEO AND THE TEXAS HISTORICAL COMMISSION REPRESENTATIVE ARE PERMANENT BOARD MEMBERS SERVING AT THE PLEASURE OF THEIR RESPECTIVE ORGANIZATIONS. ARTICLE IV, SECTION 15(B): DIRECTORS IN ATTENDANCE AT ANY BOARD OF DIRECTORS MEETING MAY VOTE BY VOICE VOTE, ROLL-CALL VOICE VOTE, SHOW OF HANDS OR WRITTEN BALLOT. ARTICLE IV, SECTION 16(E): A DIRECTOR EMERITUS SERVES A LIFETIME TERM WITH ALL DIRECTOR PRIVILEGES EXCEPT VOTING RIGHTS. ARTICLE IV, SECTION 16(F): DIRECTORS EMERITUS ARE INDEMNIFIED BY THE FOUNDATION TO THE SAME EXTENT AS DIRECTORS. ARTICLE V, SECTION 3: HONORARY TRUSTEES ARE INDEMNIFIED BY THE FOUNDATION TO THE SAME EXTENT AS DIRECTORS UNDER ARTICLE XIII. ARTICLE VI, SECTION 2(D): NOTICE OF ALL MEETINGS OF THE EXECUTIVE COMMITTEE, STATING THE TIME AND PLACE OF THE MEETING SHALL BE SERVED PERSONALLY, BY MAIL, EMAIL OR BY TELEPHONE FACSIMILE UPON EACH EXECUTIVE COMMITTEE MEMBER NOT LESS THAN SEVEN (7) DAYS BEFORE THE MEETING. ARTICLE VI, SECTION 4: THE DEVELOPMENT COMMITTEE OVERSEES FUNDRAISING AND PLANNED GIVING EFFORTS, WITH THE PRESIDENT/CEO AND DEVELOPMENT DIRECTOR SERVING AS EX-OFFICIO, NON-VOTING MEMBERS. ARTICLE VI, SECTION 5: THE NIMITZ GOLF CLASSIC COMMITTEE MANAGES ALL ASPECTS OF THE ANNUAL NIMITZ GOLF CLASSIC, WITH THE DEVELOPMENT DIRECTOR SERVING AS AN EX-OFFICIO, NON-VOTING MEMBER. ARTICLE VI, SECTION 6: THE INVESTMENT COMMITTEE OVERSEES INVESTMENT OBJECTIVES, POLICIES, PORTFOLIO REVIEWS, AND ADVISOR PERFORMANCE, WITH THE PRESIDENT/CEO SERVING AS AN EX-OFFICIO, NON-VOTING MEMBER. ARTICLE VI, SECTION 8: THE EDUCATION COMMITTEE ADVANCES THE FOUNDATION'S EDUCATIONAL MISSION, WITH THE EDUCATION DIRECTOR SERVING AS AN EX-OFFICIO, NON-VOTING MEMBER. ARTICLE VII, SECTION 1: THE BOARD OFFICERS ARE THE CHAIR, VICE CHAIR, AND SECRETARY, ALL OF WHOM MUST BE BOARD MEMBERS AND SERVE WITHOUT COMPENSATION. ARTICLE VII, SECTION 2: THE EXECUTIVE COMMITTEE RECOMMENDS OFFICER REPLACEMENTS, AND OFFICERS SERVE TERMS CONCURRENT WITH THEIR DIRECTOR TERMS AND AT THE BOARD'S PLEASURE. ARTICLE VII, SECTION 4: THE BOARD CHAIR PRESIDES OVER BOARD AND EXECUTIVE COMMITTEE MEETINGS, SERVES AS A VOTING MEMBER, AND ACTS AS AN EX-OFFICIO, NON-VOTING MEMBER OF ALL OTHER COMMITTEES. ARTICLE IX, SECTION 3 E: THE PRESIDENT/CEO SHALL MAINTAIN RECORDS OF ALL COMMUNICATIONS RELATED TO FOUNDATION ACTIVITIES. ARTICLE XI, DUTIES: THE GENERAL COUNSEL REVIEWS LEGAL MATTERS, ATTENDS BOARD AND COMMITTEE MEETINGS AS NEEDED AS AN EX-OFFICIO, NON-VOTING MEMBER, AND PERFORMS DUTIES ASSIGNED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEW: AFTER PREPARATION, THE CONTROLLER AND CEO PROVIDE THE REVIEWED RETURN TO THE BOARD OF DIRECTORS BEFORE FILING. AFTER FILING, THE RETURN IS POSTED ON THE FOUNDATION WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: IN ACCORDANCE WITH ADMIRAL NIMITZ FOUNDATIONS' CONFLICT OF INTEREST POLICY, ALL DIRECTORS ARE REQUIRED TO IMMEDIATELY IDENTIFY ANY CONFLICT OF INTEREST THEY MAY BECOME AWARE OF. ADDITIONALLY, ALL DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL QUESTIONNAIRE ON ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: THE COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE; THIS PROCESS INCLUDES A REVIEW OF NOT-FOR-PROFIT BENCHMARK DATA FOR CEO SALARIES. ANY CHANGE IN COMPENSATION IS RECOMMENDED TO THE FULL BOARD FOR APPROVAL. COMPENSATION PROCESS FOR OFFICERS: THE CEO DETERMINES SALARIES FOR ALL EMPLOYEES. THESE SALARIES ARE APPROVED BY THE FULL BOARD WHEN IT APPROVES THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT: THE AUDIT COMMITTEE CONSISTS OF 5 FOUNDATION BOARD MEMBERS. THE CONTROLLER PROVIDES INFORMATION TO THE AUDITORS. ONCE AN AUDIT DRAFT IS PREPARED, THE CONTROLLER REVIEWS THE DOCUMENTS AND SENDS THE DRAFT TO THE AUDIT COMMITTEE CHAIRMAN AND FOUNDATION CEO FOR REVIEW AND COMMENT. THE AUDIT COMMITTEE MEETS WITH THE AUDITORS, THE CEO AND THE CONTROLLER AND APPROVES THE REPORT. THE AUDIT COMMITTEE ALSO MEETS WITH THE AUDITOR IN CLOSED SESSION FOR ANY COMMENTS FROM THE AUDITOR. THE AUDIT COMMITTEE CHAIRMAN RECOMMENDS APPROVAL OF THE AUDIT TO THE EXECUTIVE COMMITTEE AND THE FOUNDATION BOARD. ALL RECEIVE COPIES. SELECTION OF AN INDEPENDENT ACCOUNTANT: 1. THE AUDIT COMMITTEE CHAIRMAN AND THE CONTROLLER SOLICIT PROPOSALS FROM AREA FIRMS. 2. THE AUDIT COMMITTEE MEETS WITH THE CONTROLLER TO DISCUSS PROPOSALS AND SELECTS SEVERAL FOR INTERVIEWS. REFERENCES ARE CALLED. 3. THE AUDIT COMMITTEE AND CONTROLLER INTERVIEW AUDITORS AND MAKE A SELECTION. THE SELECTION IS APPROVED BY THE BOARD.