National Sailing Hall Of Fame Museum Inc

Organization Overview

National Sailing Hall Of Fame Museum Inc, operating under the name The Sailing Museum, is located in Newport, RI. The organization was established in 2004. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Sailing Museum employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailing Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Sailing Museum generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $845.9k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECOGNIZE AND ENCOURAGE ACHIEVEMENT OF US SAILORS AND THE SPORT OF SAILING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THROUGH AN ANNUAL INDUCTION TO THE HALL OF FAME, THE ORGANIZATION RECOGNIZES THE OUTSTANDING ACHIEVEMENTS OF US SAILORS IN THREE CATEGORIES; SAILING, TECHNICAL AND CONTRIBUTOR; AND LEVERAGES THESE ACHIEVEMENTS TO INSPIRE NEW GENERATIONS OF SAILORS. THE ORGANIZATION PROVIDES SCIENCE, TECHNOLOGY, ENGINEERING AND MATH PROGRAMMING FREE OF CHARGE TO INSTRUCTORS IN BOTH FORMAL AND INFORMAL EDUCATIONAL SETTINGS.


IN MARCH 2019, THE SAILING MUSEUM OBTAINED REAL ESTATE IN NEWPORT, RHODE ISLAND TO CREATE A MUSEUM AND VENUE FOR ON-SITE LEARNING AND TO BUILD A SUSTAINABLE ENTERPRISE - LONGSTANDING VISIONS FOR THE ORGANIZATION. IN THIS HISTORIC BUILDING, SAILING HERITAGE WILL BE CELEBRATED, ITS LEGENDS HONORED, AND A NEW GENERATION OF SAILINGS AND INNOVATORS CULTIVATED. RENOVATIONS TO THIS FACILITY CONTINUED IN 2021. THE MUSEUM OFFICIALLY OPENED ON MAY 10, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Ruhsam
Executive Director
$121,927
Gustav Carlson
President
$0
Tom Whidden
Vice President
$0
James A Hilton Sr
Treasurer
$0
Christopher L Otorowski
Secretary
$0
C Richard D'amato
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rlmg
Media Work For Exhibits
$507,264
Healykohler Design
Museum Exhibits Design
$150,988
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,095,466
Noncash contributions included in lines 1a–1f $414,487
Total Revenue from Contributions, Gifts, Grants & Similar$4,095,466
Total Program Service Revenue$55,300
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$421
Miscellaneous Revenue$0
Total Revenue $4,150,858

Grants Recieved

Over the last fiscal year, we have identified 1 grants that National Sailing Hall Of Fame Museum Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Scrivan Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,000
View Grant Recipient Profile

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