Gundalow Company
- Assets
- $1.1m
- Revenue
- $753.3k
- Investments
- $0.0
- Employees
- 26
- Location
- Portsmouth, NH
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 02-0598530
Organization Overview
Gundalow Company is located in Portsmouth, NH. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Gundalow Company employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gundalow Company 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, Gundalow Company generated $753.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $536.3k during the year ending 12/2021. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE PISCATAQUA REGION'S MARITIME HERITAGE AND ENVIRONMENT BY EDUCATION & ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION IS FULFILLED BY USING A HISTORIC REPRODUCTION GUNDALOW SAILING VESSEL AS A FLOATING CLASSROOM FOR SCHOOL GROUPS AND THE PUBLIC. DURING 2021, THE EDUCATION SAILS AND SHORE-BASED EDUCATION PROGRAMS FOR SCHOOL GROUPS HAD OVER 2,000 STUDENTS PARTICIPATING IN HISTORY, NAVIGATION, AND MARINE ECOLOGY EXERCISES. OUR PUBLIC SAILS AND CHARTERS HAD OVER 5,900 GUESTS. IN 2021, THE ORGANIZATION ALSO CONTINUED ITS SUMMER DAY CAMP PROGRAM THAT HAD OVER 30 SEPARATE CAMP SESSIONS AND 280 PARTICIPANTS. THE GUNDALOW COMPANY CONTINUED THEIR EXHIBIT IN SHEAFE WAREHOUSE WHICH HAD OVER 3,000 VISITORS DURING 2021 NOT INCLUDING STUDENTS CAPTURED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Clyborne Executive Di | Officer | 40 | $77,743 |
Janet Dinan Secretary | OfficerTrustee | 2 | $0 |
Peter Driscoll Board Vice C | OfficerTrustee | 2 | $0 |
Jeanne Rosadina CPA Treasurer | OfficerTrustee | 2 | $0 |
John Lamson Board Chair | OfficerTrustee | 2 | $0 |
Jill Farrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,447 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,515 |
| Noncash contributions included in lines 1a–1f | $722 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,462 |
| Total Program Service Revenue | $320,694 |
| Investment income | $6,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,985 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,743 |
| Compensation of current officers, directors, key employees. | $34,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,528 |
| Payroll taxes | $26,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,964 |
| Office expenses | $3,203 |
| Information technology | $7,585 |
| Royalties | $0 |
| Occupancy | $20,664 |
| Travel | $178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,569 |
| Insurance | $29,822 |
| All other expenses | $16,808 |
| Total functional expenses | $536,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,113 |
| Savings and temporary cash investments | $573,570 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,163 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $356,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,688 |
| Total assets | $1,145,121 |
| Accounts payable and accrued expenses | $2,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,672 |
| Total liabilities | $6,839 |
| Net assets without donor restrictions | $913,762 |
| Net assets with donor restrictions | $224,520 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,145,121 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gundalow Company has recieved totaling $115,896.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general/operating/scholarship support and designated distributions | $104,884 |
Rosamond Thaxter Foundation Portland, ME PURPOSE: GENERAL PURPOSE | $6,000 |
Pattony Fundation Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $50,228 |
| Earnings | $9,965 |
| Admin Expense | $313 |
| Other Expense | $2,192 |
| Ending Balance | $57,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
German International School Boston Inc Allston, MA | $14,706,954 | $10,594,981 |
Whitinsville Christian School Whitinsville, MA | $27,818,325 | $8,582,823 |
Population Media Center Inc South Burlington, VT | $17,476,959 | $10,610,118 |
Up Education Network Inc Dorchester, MA | $3,246,935 | $4,839,856 |
Be The Change Inc Brookline, MA | $1,007,559 | $5,361,183 |
Barrington Stage Co Inc Pittsfield, MA | $11,360,632 | $6,989,508 |
Bpe Inc Roxbury, MA | $4,070,890 | $4,376,888 |
Education Pioneers Inc Boston, MA | $3,852,911 | $7,241,689 |