Gloucester Maritime Heritage Center Inc
- Assets
- $2.7m
- Revenue
- $413.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Gloucester, MA
- Founding
- 11/1999
- Data as of
- 09/2020
- EIN
- 04-3480870
Organization Overview
Gloucester Maritime Heritage Center Inc, operating under the name Maritime Gloucester, is located in Gloucester, MA. The organization was established in 1999. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2020, Maritime Gloucester employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime Gloucester 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 09/2020, Maritime Gloucester generated $413.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $544.3k during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO INSPIRE STUDENTS AND VISITORS TO VALUE MARINE SCIENCE, MARITIME HERITAGE, AND ENVIRONMENTAL STEWARDSHIP THROUGH HANDS-ON EDUCATION AND EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE & OPERATION OF A RAILWAY AS A HISTORIC AND EDUCATIONAL FACILITY OPEN TO THE PUBLIC TO PROMOTE TRADITIONAL MARINE INDUSTRIES.
EDUCATIONAL PROGRAMS FOR THE YOUTH TO PROVIDE HANDS-ON MARINE AND PHYSICAL SCIENCE ACTIVITIES KNOWN AS OCEANS EXPLORER AND COMPASS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael DE Koster Executive Director | Officer | 40 | $0 |
James Bragg Jr Treasurer | Officer | 5 | $0 |
Daisy Nell Collinson Clerk | Officer | 5 | $0 |
Geoffrey Richon President | Officer | 5 | $0 |
Ann Hochberg Director | Trustee | 1 | $0 |
Debe Holland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,358 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,308 |
| Total Program Service Revenue | $69,416 |
| Investment income | $14,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,173 |
| Net Gain/Loss on Asset Sales | $440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,357 |
| 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. | $54,594 |
| Compensation of current officers, directors, key employees. | $10,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,637 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,153 |
| Travel | $237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,942 |
| Insurance | $36,430 |
| All other expenses | $14,676 |
| Total functional expenses | $544,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,354 |
| Accounts receivable, net | $1,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,379 |
| Prepaid expenses and deferred charges | $8,222 |
| Net Land, buildings, and equipment | $1,889,189 |
| Investments—publicly traded securities | $182,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $430,839 |
| Total assets | $2,694,818 |
| Accounts payable and accrued expenses | $7,545 |
| 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 | $530,557 |
| Unsecured mortgages and notes payable | $223,652 |
| Other liabilities | $18,588 |
| Total liabilities | $780,342 |
| Net assets without donor restrictions | $1,642,790 |
| Net assets with donor restrictions | $271,686 |
| 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 | $2,694,818 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gloucester Maritime Heritage Center Inc has recieved totaling $7,594.
| Awarding Organization | Amount |
|---|---|
Charles Lamar Family Foundation Baton Rouge, LA PURPOSE: CHARITABLE - OCEAN LAB FUNDING | $5,000 |
Rogers Family Foundation Boston, MA PURPOSE: STEM EDUCATION PROGRAMING FOR NEW MARITIME SCIENCE EDUCATION CENTER | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Committee Of Cape Cod & Islands Inc Hyannis, MA | $2,759,831 | $21,367,135 |
Community Action Inc Haverhill, MA | $8,979,922 | $19,940,316 |
The Promesa Housing Development Fund Corporation Bronx, NY | $39,360,301 | $8,538,986 |
Northwest Bronx Community And Clergy Coalition Inc Bronx, NY | $5,985,223 | $6,738,060 |
Connecting For Children And Families Inc Woonsocket, RI | $1,914,929 | $4,351,217 |
O D A Community Development Corp Brooklyn, NY | $670,721 | $3,199,814 |
Citizens Committee For New York City Inc New York, NY | $7,691,250 | $2,979,222 |
Warren-Hamilton Counties Action Committee For Economic Opportunity Glens Falls, NY | $823,409 | $2,609,574 |
Vital Communities Inc White River Junction, VT | $1,663,364 | $2,954,150 |
Polish American Citizens Association Of Cambridge Incorpora Danvers, MA | $0 | $0 |
Senior Citizens League Of Flatbush Inc Brooklyn, NY | $196,100 | $1,899,125 |
New York Rural Water Association Inc Claverack, NY | $4,491,129 | $2,430,923 |