Mathews Maritime Foundation
- Assets
- $320.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mathews, VA
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 54-1927067
Organization Overview
Mathews Maritime Foundation is located in Mathews, VA. The organization was established in 1999. 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. Mathews Maritime Foundation 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 12/2023, Mathews Maritime Foundation generated $46.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $38.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Benouameur President | 15 | $0 | |
Peter Hall Treasurer | 19 | $0 | |
Dennis Crawford Director | 5 | $0 | |
David Machen Director | 15 | $0 | |
John Bonner Director | 10 | $0 | |
Ian Pearce Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,298 |
| Total Program Service Revenue | $9,285 |
| Membership dues | $1,135 |
| Investment income | $4,625 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,839 |
| 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 | $930 |
| Occupancy, rent, utilities, and maintenance | $13,445 |
| Printing, publications, postage, and shipping | $712 |
| Other expenses | $23,763 |
| Total expenses | $38,850 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $211,276 |
| Other assets | $0 |
| Total assets | $319,988 |
| Total liabilities | $338 |
| Net assets or fund balances | $319,650 |