Sail Power And Steam Museum
- Assets
- $1.8m
- Revenue
- $239.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Rockland, ME
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 26-1473502
Organization Overview
Sail Power And Steam Museum is located in Rockland, ME. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Sail Power And Steam Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sail Power And Steam 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, Sail Power And Steam Museum generated $239.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $211.6k during the year ending 12/2021. While expenses have increased by 12.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS: COLLECT, RESTORE, MAINTAIN AND DISPLAY HISTORICALLY SIGNIFICANT SAIL, POWER AND STEAM VESSELS, ENGINES AND RELATED MARITIME ARTIFACTS THAT PLAYED A ROLE IN THE EVOLUTION OF THE MARITIME INDUSTRY IN ROCKLAND AND THE STATE OF MAINE. MUSEUM OPERATIONS: COLLECT, RESTORE, MAINTAIN, AND DISPLAY HISTORICALLY SIGNIFICANT EXHIBITS RELATED TO THE EVOLUTION OF THE MARITIME AND RELATED INDUSTRIES IN ROCKLAND AND THE STATE OF MAINE. MANY PROGRAMS ARE FREE AND OPEN TO THE PUBLIC. PROGRAMS RANGE FROM VOLUNTEER-RUN BOAT RESTORATIONS TO MUSEUM EXHIBITS TO IN-PERSON AND MULTI-MEDIA SPEAKER SERIES TO SAILING AND NAVIGATION PROGRAMS SUCH AS OUR MIDCOAST SAILING CENTER AND SKFF (OUR FREE YOUTH SAILING PROGRAM) WHICH USE BOTH CONTEMPORARY AND HISTORICALLY SIGNIFICANT VESSELS AS WELL AS CLASSROOM INSTRUCTION. OTHER PROGRAMS EDUCATE THROUGH FEATURE ARTICLES, PRESS RELEASES, SOCIAL MEDIA, AND NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Whitman Treasurer | OfficerTrustee | 0 | $0 |
Richard Crossman Vice President | OfficerTrustee | 0 | $0 |
Jesse Rutter Secretary | OfficerTrustee | 0 | $0 |
James W Sharp President | OfficerTrustee | 10 | $0 |
Jim Bowditch Director | Trustee | 0 | $0 |
Mark Siegenthaler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,590 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,991 |
| Total Program Service Revenue | $9,928 |
| Investment income | $502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,320 |
| Net Gain/Loss on Asset Sales | -$26,500 |
| Net Income from Fundraising Events | $135,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,279 |
| 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 | $69,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,545 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,439 |
| Office expenses | $930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,429 |
| Travel | $122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,628 |
| All other expenses | $4,082 |
| Total functional expenses | $211,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,862 |
| 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 | $1,750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,310,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,759 |
| Total assets | $1,805,522 |
| 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 | $288,772 |
| Total liabilities | $288,772 |
| Net assets without donor restrictions | $0 |
| 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 | $1,516,750 |
| Total liabilities and net assets/fund balances | $1,805,522 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sail Power And Steam Museum has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Science & Technology Museums | $7,500 |
Eric And Simone Lang Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Mathematics And Science Alliance Augusta, ME | $1,278,654 | $3,049,879 |
North Country Education Services Agency Gorham, NH | $2,109,889 | $2,990,345 |
Ruths Reusable Resources Portland, ME | $1,235,595 | $2,258,704 |
Syntiro Readfield, ME | $266,317 | $2,097,035 |
National Digital Equity Center Wiscasset, ME | $314,757 | $1,729,700 |
Childrens Center Portland, ME | $970,507 | $1,509,773 |
Disabled Sports Usa Lincoln, NH | $2,082,997 | $1,017,942 |
Side X Side Inc Portland, ME | $95,985 | $709,064 |
White Pine Programs York, ME | $799,878 | $1,068,727 |
Believe In Books Literacy Foundation Intervale, NH | $2,762,067 | $849,892 |
New Hampshire Academy Of Science Warren, NH | $564,739 | $534,091 |
Mount Washington Valley Alpine Education Foundation Intervale, NH | $300,617 | $553,294 |