Lake Superior Marine Museum Assn
- Assets
- $359.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 04/1974
- Data as of
- 12/2023
- EIN
- 23-7293770
Organization Overview
Lake Superior Marine Museum Assn is located in Duluth, MN. The organization was established in 1974. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Lake Superior Marine Museum Assn 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 12/2023, Lake Superior Marine Museum Assn generated $89.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Medjo President | 6 | $0 | |
Joseph Lapp Vice President | 3 | $0 | |
Elissa Husby Secretary | 5 | $0 | |
Alan Finlayson Treasurer | 6 | $0 | |
Sara Blanck Director | 3 | $0 | |
Rob Hoffman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,162 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,805 |
| Investment income | $7,103 |
| Gain or Loss | -$14,101 |
| Net Income from Gaming & Fundraising | $23,641 |
| Other Revenue | $13,438 |
| Total Revenue | $89,048 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,040 |
| Professional fees and other payments to independent contractors | $5,587 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,987 |
| Total expenses | $64,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $354,700 |
| Other assets | $0 |
| Total assets | $358,972 |
| Total liabilities | $9,257 |
| Net assets or fund balances | $349,715 |