The Maritime Preservation Trust
- Assets
- $698.1k
- Revenue
- $182.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, CA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 14-1989347
Organization Overview
The Maritime Preservation Trust is located in Wilmington, CA. The organization was established in 2007. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime Preservation Trust 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, Maritime Preservation Trust generated $182.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $112.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 2 years. 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
EDUCATIONAL, HISTORICAL, PRESERVATION AND OPERATION OF SHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN BOATS AND VESSELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Ettel President | OfficerTrustee | 10 | $0 |
Tim O'brien Treasurer | OfficerTrustee | 10 | $0 |
Andre Elam Secretary | OfficerTrustee | 10 | $0 |
Ben Dossett Director | Trustee | 1 | $0 |
Sue Schmidt Director | Trustee | 1 | $0 |
Hap Nix Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,192 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,449 |
| Noncash contributions included in lines 1a–1f | $37,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,641 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,851 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,433 |
| Advertising and promotion | $7 |
| Office expenses | $1,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,764 |
| All other expenses | $725 |
| Total functional expenses | $112,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $628,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $698,069 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $698,069 |
| Net assets with donor restrictions | $0 |
| 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 | $698,069 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Maritime Preservation Trust has recieved totaling $11,515.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,510 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centennial Village Corporation Mesa, AZ | $2,736,905 | $2,053,635 |
Old Spanish Days Santa Barbara, CA | $1,967,288 | $1,180,793 |
Chief Joseph Days Rodeo Inc Joseph, OR | $406,994 | $787,055 |
Commission For The Las Vegas Centennial Las Vegas, NV | $6,136,799 | $1,840,666 |
Honor Flight Kern County Bakersfield, CA | $487,691 | $529,706 |
Yuris Night Walnut, CA | $156,711 | $468,251 |
West Coast Stock Car Hall Of Fame Danville, CA | $576,840 | $465,750 |
Kapaa Business Association Inc Kapaa, HI | $26,337 | $252,157 |
Lincoln Veterans Memorial Coalition Incorporated Lincoln, CA | $4,810 | $0 |
Pendleton Round-Up Foundation Pendleton, OR | $21,373,118 | $2,292,402 |
Cumberland Community Events Center Albany, OR | $311,080 | $0 |
Kingsmen Of Route 66 Inc Kingman, AZ | $186,320 | $243,343 |