Mariners Museum

Organization Overview

Mariners Museum is located in Newport News, VA. The organization was established in 1932. 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, Mariners Museum employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariners 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, Mariners Museum generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MARINERS' MUSEUM AND PARK CONNECTS PEOPLE TO THE WORLD'S WATERS, BECAUSE THROUGH THE WATERS - THROUGH OUR SHARED MARITIME HERITAGE - WE ARE CONNECTED TO ONE ANOTHER.

Describe the Organization's Program Activity:

EXHIBITIONS, COLLECTIONS, AND MAINTENANCE OF MUSEUM. APPROXIMATELY 41,000 SERVED.


RESEARCH - COLLECTION AND MAINTENANCE OF CURRENT AND HISTORICAL BOOKS AND PERIODICALS, COLLECTION AND MAINTENANCE OF CURRENT AND HISTORICAL PHOTOGRAPHS, INFORMATION INQUIRIES ADDRESSED. APPROXIMATELY 2,000 INDIVIDUALS SERVED.


PROGRAMS - PROGRAMS WITH SPECIAL STUDENT TOURS. APPROXIMATELY 17,000 INDIVIDUALS SERVED.


CONSERVATION - MAINTENANCE OF CURRENT AND HISTORICAL COLLECTIONS AND ARTIFACTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$64,428
Fundraising events$0
Related organizations$0
Government grants $2,065,976
All other contributions, gifts, grants, and similar amounts not included above$6,924,016
Noncash contributions included in lines 1a–1f $32,292
Total Revenue from Contributions, Gifts, Grants & Similar$9,054,420
Total Program Service Revenue$115,626
Investment income $284,038
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $228,297
Net Gain/Loss on Asset Sales -$8,282
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $50,350
Miscellaneous Revenue$0
Total Revenue $10,021,200

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mariners Museum has recieved totaling $1,000.

Awarding OrganizationAmount
Hogg Foundation

Newport News, VA

PURPOSE: GENERAL FUND

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,631,099
Earnings$2,184,457
Net Contributions$3,882,655
Other Expense$3,434,340
Ending Balance$17,263,871

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