Maritime Ministries Inc
- Assets
- $133.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabeth City, NC
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 54-1604155
Organization Overview
Maritime Ministries Inc is located in Elizabeth City, NC. The organization was established in 1992. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime Ministries 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, Maritime Ministries Inc generated $97.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $144.9k 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 Mission:
Part 3 - Line 1
WE SERVE THE LOCAL CHURCH BY FACILITATING ADVENTURE AND DISCIPLESHIP THROUGH USE OF SAILBOATS ON THE WATERWAYS, RIVERS AND SEAS. WE SERVE THE CRUISING COMMUNITY IN PRACTICAL AND TANGIBLE WAYS, BEING "SALT AND LIGHT". WE SHARE THE GOSPEL WITH ALL THAT WE COME IN CONTACT WITH. WE USE OUR BOATS AS CONVERSATION OPENERS AND AS A METHODOLOGY TO MAKE NEW FRIENDS WHO MAY SHARE OUR PASSION FOR THE SEA.
Describe the Organization's Program Activity:
Part 3
MARITIME MINISTRIES SERVED LOCAL CHURCHES BY PROVIDING OUTREACH TO THE CRUISER COMMUNITIES IN NC, VA, MD AND SC IN THE PAST YEAR. WE HELPED TO STAFF SUMMER CAMPS, PROVIDED YOUTH GROUP OUTINGS ON OUR SAILBOATS, AS WELL AS SERVICE OPPORTUNITIES TO CHURCHES FROM NY, PA AND OH.
MARITIME MINISTRIES IS TAKING A LEADERSHIP ROLE IN THE COORDINATION AND COMMUNICATION BETWEEN MINISTRIES SIMILAR TO OUR OWN WHO EMPLOY THE USE OF BOATS, YACHTS OR SHIPS IN THE EXECUTION OF THEIR MINISTRY OR AS A TOOL FOR THEIR MINISTRY. WE HELP TO FACILITATE AN ANNUAL CONFERENCE OF THESE MINISTRIES CALLED KING'S FLEET. IN 2016, WE GATHERED ON THE EAST COAST OF SWEDEN FOR THE KING'S FLEET CONFERENCE. IN 2018 WE WILL HOST THE CONFERENCE IN NORTH CAROLINA.
EQUIPPING AND SENDING OUR SMALL FLEET OF FIVE MINISTRY VESSELS INTO THE CHESAPEAKE BAY, ALBEMARLE AND PAMLICO SOUND WITH THE PURPOSE OF EVANGELISM AND LOCAL CHURCH SUPPORT AND ENCOURAGEMENT TO FELLOW CHRISTIANS WE MEET ALONG THE WAY.
IN 2016 OUR HOME REGION HAD THREE HURRICANES WHICH FORTUNATELY DID NOT CAUSE ANY SIGNIFICANT DAMAGE TO MINISTRY PROPERTY, BUT STORMS DID SERIOUS DAMAGE TO THE WATERWAY ON WHICH WE LIVE AND WORK CAUSING OUR CANAL TO CLOSE FOR THE REMAINDER OF 2016 AND THE SPRING/SUMMER OF 2017. IN THE TYPICAL YEAR, WE WILL ENGAGE SEVERAL HUNDRED BOATS BOTH ON OUR OWN DOCKS AND IN THE ADJACENT COMMUNITY. IN 2017 WE HAVE 52 BOATS VISIT OUR DOCKS AND ONLY 15 VISITED THE NEARBY DOWN DOCKS. DURING THE SPRING AND SUMMER SEASONS, WE HELD COOK-OUTS ON THE LAWNS OF OUR COLLEGE HOMEPORT INVITING CREWS FROM THOSE 52 BOATS FOR A POTLUCK DINNER AND THE ESTABLISHMENT OF NEW FRIENDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Whipple Board Member | 2 | $0 | |
Dan Smith CEO | 20 | $0 | |
Daniel Bowers Board Member | 1.25 | $0 | |
Roy Armstrong Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,813 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $780 |
| Total Revenue | $97,603 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,071 |
| Professional fees and other payments to independent contractors | $8,601 |
| Occupancy, rent, utilities, and maintenance | $846 |
| Printing, publications, postage, and shipping | $1,112 |
| Other expenses | $63,287 |
| Total expenses | $144,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,888 |
| Other assets | $0 |
| Total assets | $133,642 |
| Total liabilities | $262 |
| Net assets or fund balances | $133,380 |
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