Red Wing Marine Museum
- Assets
- $234.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Wing, MN
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 45-2827019
Organization Overview
Red Wing Marine Museum is located in Red Wing, MN. The organization was established in 2013. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Red Wing Marine 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, Red Wing Marine Museum generated $23.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $10.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRESERVE, SHOWCASE AND EDUCATE THE PUBLIC ABOUT THE RED WING MOTOR MARINE ENGINE AND BOAT INDUSTRY IN A MUSEUM ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Dille Secretary/treasurer | 1 | $0 | |
Michael Wilson President | 5 | $0 | |
Kent Speight Board Member | 0 | $0 | |
Wylie Wilson Board Member | 0 | $0 | |
Greg Genz Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,483 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,483 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $9,175 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,470 |
| Total expenses | $10,945 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,607 |
| Other assets | $0 |
| Total assets | $234,545 |
| Total liabilities | $48,000 |
| Net assets or fund balances | $186,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Red Wing Marine Museum has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Comerica Charitable Tr Detroit, MI PURPOSE: for your organization's general charitable purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Danish Immigrant Museum Elk Horn, IA | $10,787,918 | $1,977,649 |
National Railroad Museum Inc Green Bay, WI | $10,947,980 | $3,836,753 |
Door County Maritime Museum & Lighthouse Preservation Society In Sturgeon Bay, WI | $12,430,907 | $3,874,583 |
Wisconsin Maritime Museum Inc Manitowoc, WI | $5,537,448 | $1,354,482 |
National Sprint Car Hall Of Fame & Museum Foundation Inc Knoxville, IA | $7,797,948 | $2,501,286 |
Lake Superior Railroad Museum Duluth, MN | $1,428,444 | $1,322,754 |
Pavek Museum Of Broadcasting St Louis Park, MN | $6,139,052 | $709,013 |
Grout Museum Inc Waterloo, IA | $872,225 | $1,523,676 |