Ships Of The Sea Maritime Museum Inc
- Assets
- $20.0m
- Revenue
- $1.9m
- Investments
- $13.0m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 01/1966
- Data as of
- 12/2021
- EIN
- 58-0959654
Organization Overview
Ships Of The Sea Maritime Museum Inc is located in Savannah, GA. The organization was established in 1966. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ships Of The Sea 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, Ships Of The Sea Maritime Museum Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $905.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
OPERATION OF A MUSEUM OF MARITIME HISTORY AND DISPLAY OF MARITIME ARTIFACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Collins Chairman | 1 | $0 | |
Stewart Bromley Treasurer | 1 | $0 | |
Zelda Tenenbaum Trustee | 1 | $0 | |
Gary Arthur Vice Preside | 1 | $0 | |
John Hardman Trustee | 1 | $0 | |
Dolly Chisholm Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $229,709 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,993 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $960,068 |
| Capital Gain Net Income | $960,068 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $6,595 |
| Other Income | $442,214 |
| Total Revenue | $1,881,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $173,688 |
| Pension plans, employee benefits | $13,677 |
| Interest | $0 |
| Taxes | $18,705 |
| Depreciation | $19,641 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $534,095 |
| Total operating and administrative expenses | $904,975 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $904,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,653 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $100,011 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $177,592 |
| Prepaid expenses and deferred charges | $29,133 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,662,488 |
| Net Land, buildings, and equipment | $4,045,055 |
| Other assets | $2,305,285 |
| Total assets | $19,982,417 |
| Accounts payable and accrued expenses | $24,752 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $156,398 |
| Total liabilities | $181,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ships Of The Sea Maritime Museum Inc has recieved totaling $110,908.
| Awarding Organization | Amount |
|---|---|
Beehive Foundation Inc Savannah, GA PURPOSE: TO HELP THE SHIPS OF THE SEA MARATIM | $110,808 |
Rosalie S Morris Foundation Savannah, GA PURPOSE: MARITIME HISTORY PRESERVATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |