Pacific Fleet Submarine Memorial Assoc

HONOLULU, HI EIN: 99-0185999 Website

Arts, Culture & Humanities

TO ESTABLISH AND MAINTAIN A WORLD WAR II SUBMARINE, MUSEUM, AND MEMORIAL.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$41.4M

+6.6% YoY

Annual Giving

$160K

+293.1% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$40K

+96.6% YoY

About Pacific Fleet Submarine Memorial Assoc

Based on IRS filings

Pacific Fleet Submarine Memorial Assoc is a nonprofit organization focused on Arts, Culture & Humanities, based in HONOLULU, HI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41.4M in total assets. In 2024, it awarded 4 grants totaling $160K. Net investment income was $512K.

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Hawaii $397K (88%)

Virginia $52K (12%)

States

Hawaii Virginia

Cities

HonoluluHonoluuVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$41,360,802	$38,784,260	$35,065,985
Revenue	$9,802,795	$10,178,403	$8,962,535
Expenses	$7,365,565	$6,769,023	$5,803,740
Qualifying Distributions	—	—	—
Net Investment Income	$511,666	$245,058	$182,384
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Open Grants

2 open opportunities from Pacific Fleet Submarine Memorial Assoc

Foundation

Honolulu Community College Career and Technical Education Scholarship

PACIFIC FLEET SUBMARINE MEMORIAL ASSOC

Amount

$50,000 (2025-2026 academic year)

Deadline

Rolling / Open

Annual

Foundation

USS Bowfin Memorial Scholarship

PACIFIC FLEET SUBMARINE MEMORIAL ASSOC

Amount

$50,000 annually

Deadline

March 15, 2027

Annual

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Hawaii Foundation ($76,000), Dolphin Scholarship Foundation ($52,000), Hawaii Community Foundation Bowfin Scholarships ($25,511).

Recipient	Purpose	Amount
DOLPHIN SCHOLARSHIP FOUNDATION VIRGINIA BEACH, VA	BEGINNING WITH THE 2025/26 ACADEMIC YEAR, THE DOLPHIN SCHOLARSHIP FOUNDATION (DSF) ADMINISTERS THE USS BOWFIN MEMORIAL SCHOLARSHIP PROGRAM. THE FUNDS PROVIDED IN 2024 WILL FUND SCHOLARSHIPS FOR THE 2025/26 ACADEMIC YEAR.	$52,000
UNIVERSITY OF HAWAII FOUNDATION HONOLULU, HI	BEGINNING IN 2024, THE UNIVERSITY OF HAWAII FOUNDATION (UHF) ADMINISTERS SCHOLARSHIPS FOR STUDENTS IN SELECT CONTINUING EDUCATION TRAINING PROGRAMS AT THE HONOLULU COMMUNITY COLLEGE. FUNDS ARE PROVIDED TO EACH FOUNDATION ANNUALLY.	$76,000
HAWAII COMMUNITY FOUNDATION MAUI STRONG FUND HONOLULU, HI	FOLLOWING THE MAUI FIRES OF AUGUST 2023, PFSMA COLLECTED DONATIONS ON CAMPUS FROM AUGUST DECEMBER 2023 FOR THE MAUI STRONG FUND THAT IS ADMINISTERED BY THE HAWAII COMMUNITY FOUNDATION.	$6,045
HAWAII COMMUNITY FOUNDATION BOWFIN SCHOLARSHIPS HONOLULU, HI	FROM 2017 TO 2024, THE HAWAII COMMUNITY FOUNDATION (HCF) ADMINISTERED THE USS BOWFIN MEMORIAL SCHOLARSHIP PROGRAM. HCF REVIEWED AND SELECTED APPLICANTS BASED UPON CRITERIA PROVIDED BY PFSMA. THE FINAL SCHOLARSHIPS AWARDED BY HCF WERE AWARDED IN 2024.	$25,511

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHARLES K MERKEL USN RET	EXECUTIVE DIRECTOR/PRESIDENT	40	$255,000
PETER W MILLER USN RET	CHAIRMAN	2	—
STEVEN AUERBACH	VICE PRESIDENT	2	—
WILLIAM HICKS	TREASURER	2	—
COLIN YOSHIYAMA	SECRETARY	2	—
ALISA BENDER	DIRECTOR	1	—
MICHAEL DECAPRIO	DIRECTOR	1	—
MELANIE HORIKAMI	DIRECTOR	1	—
ALAN ITO	DIRECTOR	1	—
PETER LEWIS	DIRECTOR	1	—
STEVEN MANDRACCIA	DIRECTOR	1	—
ANDREW ST JOHN	DIRECTOR	1	—
SHAUNA TONKIN	DIRECTOR	1	—
RANDALL C WHATTOFF	DIRECTOR	1	—
CARLTON WILLIAMS	DIRECTOR	1	—
CAROLINE WITHERSPOON	DIRECTOR	1	—
JEFFREY GRIFFIN	DIRECTOR	1	—
SAMUEL S DANNAWAY	FORMER DIRECTOR	1	—
THOMAS G KYLE	FORMER DIRECTOR	1	—
RODERICK J PEROFF	FORMER DIRECTOR	1	—
RICHARD SALISBURY	DIRECTOR OF OPERATIONS	40	$104,931

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is Pacific Fleet Submarine Memorial Assoc?

Pacific Fleet Submarine Memorial Assoc is a nonprofit organization focused on Arts, Culture & Humanities, based in HONOLULU, HI. It holds $41.4M in total assets as of 2024.

How large is Pacific Fleet Submarine Memorial Assoc?

As of 2024, Pacific Fleet Submarine Memorial Assoc holds $41.4M in total assets with $9.8M in annual revenue. It awarded 4 grants totaling $160K in 2024.

Where does Pacific Fleet Submarine Memorial Assoc operate?

Pacific Fleet Submarine Memorial Assoc has awarded grants in Hawaii, Virginia.

What size grants does Pacific Fleet Submarine Memorial Assoc award?

In 2024, Pacific Fleet Submarine Memorial Assoc awarded 4 grants totaling $160K — an average of about $40K per grant, based on its IRS Form 990 filings.

What is Pacific Fleet Submarine Memorial Assoc's EIN?

Pacific Fleet Submarine Memorial Assoc's EIN (Employer Identification Number) is 99-0185999. IRS Form 990 filing data is available on this page for 2020–2024.