Annapolis Maritime Museum Inc
- Assets
- $6.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Annapolis, MD
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 52-1664577
Organization Overview
Annapolis Maritime Museum Inc is located in Annapolis, MD. The organization was established in 1990. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Annapolis Maritime Museum Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annapolis Maritime Museum Inc 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, Annapolis Maritime Museum Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 14.0% 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
THE ANNAPOLIS MARITIME MUSEUM EDUCATES YOUTH AND ADULTS ABOUT THE ANNAPOLIS AREAS RICH MARITIME HERITAGE AND THE ECOLOGY OF THE CHESAPEAKE BAY THROUGH PROGRAMS, EXHIBITS, AND COMMUNITY EVENTS. CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATED TO PRESERVING, EDUCATING, AND COMMEMORATING THE MARITIME HERITAGE OF ANNAPOLIS AND THE NEIGHBORING WATERS OF THE CHESAPEAKE BAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Estrada President/ceo | Officer | 40 | $110,800 |
L B Buck Buchanan Chairman Emeritus | OfficerTrustee | 2 | $0 |
Jack Whitelaw Treasurer | OfficerTrustee | 2 | $0 |
Drew Davis Vice Chairman | OfficerTrustee | 2 | $0 |
Carol Sisco PHD Chairman | OfficerTrustee | 2 | $0 |
Ted Berkinshaw Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,585 |
| Fundraising events | $128,439 |
| Related organizations | $0 |
| Government grants | $794,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,380,944 |
| Noncash contributions included in lines 1a–1f | $12,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,442,611 |
| Total Program Service Revenue | $313,699 |
| Investment income | $60,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $312,020 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,489 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,173,631 |
| 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. | $124,716 |
| Compensation of current officers, directors, key employees. | $10,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,243 |
| Payroll taxes | $50,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,998 |
| Advertising and promotion | $45,063 |
| Office expenses | $68,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,568 |
| Travel | $1,544 |
| 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 | $269,991 |
| Insurance | $71,434 |
| All other expenses | $0 |
| Total functional expenses | $1,719,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,954 |
| Savings and temporary cash investments | $3,028,039 |
| Pledges and grants receivable | $142,186 |
| 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 | $1,388 |
| Prepaid expenses and deferred charges | $28,538 |
| Net Land, buildings, and equipment | $2,940,986 |
| Investments—publicly traded securities | $36,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,400 |
| Other assets | $0 |
| Total assets | $6,274,722 |
| Accounts payable and accrued expenses | $9,479 |
| Grants payable | $0 |
| Deferred revenue | $188,086 |
| 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 | $197,565 |
| Net assets without donor restrictions | $5,588,409 |
| Net assets with donor restrictions | $488,748 |
| 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 | $6,274,722 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Annapolis Maritime Museum Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Norman And Florence Brody Family Foundation Inc Reisterstown, MD PURPOSE: GENERAL SUPPORT | $1,000 |
William And Karin Banks Foundation Inc Monterey, VA PURPOSE: FOUNDATION DONATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |
Foundation For The Reading Public Museum Reading, PA | $14,501,952 | $4,253,898 |
National Association Of Watch And Clock Collectors Inc Columbia, PA | $7,480,345 | $2,488,081 |