Maine Maritime Museum

Organization Overview

Maine Maritime Museum is located in Bath, ME. The organization was established in 1964. 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, Maine Maritime Museum employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Maritime 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, Maine Maritime Museum generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HISTORICAL AND EDUCATIONAL MUSEUM

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTIONS AND EXHIBITS - INCLUDES ALL ITEMS RELATING TO MARITIME HISTORY PRIMARILY IN MAINE. PAINTINGS AND OTHER ARTWORK, RIGGED MODELS, HALF HULLS, TOOLS USED IN MARITIME HISTORY, NAVIGATING EQUIPMENT, SHIP PARTS AND WATERCRAFT ON DISPLAY. EXHIBITS INCLUDE HISTORIC BUILDINGS AND PERIOD DISPLAYS OF MARITIME LIFE DURING THE LATE 1800'S. INCLUDES THE PRESERVATION OF BOTH NEW AND EXISTING DISPLAYS.EDUCATION & PUBLIC PROGRAMS LECTURE SERIES, SYMPOSIUMS, ADULT AND YOUTH CLASSES, SCHOOL PROGRAMS, SENIOR COLLEGE PROGRAMS, BOAT LECTURE CRUISES, SUMMER SHIPYARD ACTIVITIES, VOLUNTEER SUPPORT PROGRAMS, FAMILY PROGRAMS, MUSEUM TRIPS, SUMMER CAMPS, TROLLY TOURS OF BATH IRON WORKS, AND OTHER GUIDED TOURS ARE ALL PART OF THE EDUCATION AND PUBLIC PROGRAMS.MUSEUM GIFT SHOP - INVENTORY CONSISTS OF GIFT SHOP PRODUCTS FOR RESALE


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Board, Officers & Key Employees

Name (title)Compensation
Chris Timm
Executive Director
$70,189
Laura Burns
Chair
$0
Len Langer
Secretary
$0
Joe Drago
Treasurer
$0
Lincoln Paine
Vice Chair
$0
Paul Anderson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$260,278
Fundraising events$0
Related organizations$0
Government grants $23,340
All other contributions, gifts, grants, and similar amounts not included above$1,605,945
Noncash contributions included in lines 1a–1f $77,283
Total Revenue from Contributions, Gifts, Grants & Similar$1,889,563
Total Program Service Revenue$1,154,402
Investment income $89,155
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,820
Net Gain/Loss on Asset Sales $304,443
Net Income from Fundraising Events $17,179
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $147,643
Miscellaneous Revenue$0
Total Revenue $3,611,205

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Maine Maritime Museum has recieved totaling $50,000.

Awarding OrganizationAmount
Merrymeeting Bay Tr

Arrowsic, ME

PURPOSE: Vessel Maintenance

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,968,403
Earnings$1,128,157
Other Expense$485,985
Ending Balance$8,610,575

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