New Hampshire Boat Museum
- Assets
- $4.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Wolfeboro Falls, NH
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 02-0464218
Organization Overview
New Hampshire Boat Museum is located in Wolfeboro Falls, NH. The organization was established in 1994. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, New Hampshire Boat Museum employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Boat 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, New Hampshire Boat Museum generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $552.0k during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW HAMPSHIRE BOAT MUSEUM IS AN EDUCATIONAL ORGANIZATION FOCUSING ON THE BOATING HERITAGE AND LIFE ON THE LAKES AND RIVERS OF NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT, PRESERVE, STUDY & INTERPRET OBJECTS RELATED TO THE NAUTICAL HISTORY OF THE U.S. AND THE SIGNIFICANT TECHNOLOGICAL EVOLUTION ON THIS FORM OF TRANSPORTATION WITH AN EMPHASIS ON THE N.H. LAKES REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Cummings Executive Director | Officer | 40 | $66,943 |
Allison Hart Co-Chair | OfficerTrustee | 2 | $0 |
Kerry Lynch Co-Chair | OfficerTrustee | 2 | $0 |
Jaime Laurent Vice Chair | Officer | 2 | $0 |
Mark Weston Treasurer | Officer | 2 | $0 |
Larry Houle Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,134 |
| Fundraising events | $138,177 |
| Related organizations | $0 |
| Government grants | $50,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,302,960 |
| Noncash contributions included in lines 1a–1f | $18,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,529,890 |
| Total Program Service Revenue | $212,817 |
| Investment income | $6,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,780 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,619 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,757,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,210 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,491 |
| Pension plan accruals and contributions | $2,002 |
| Other employee benefits | $6,178 |
| Payroll taxes | $12,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $97,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,203 |
| Advertising and promotion | $18,976 |
| Office expenses | $7,972 |
| Information technology | $3,298 |
| Royalties | $0 |
| Occupancy | $17,488 |
| Travel | $3,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,542 |
| Interest | $2,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,130 |
| Insurance | $16,783 |
| All other expenses | $50,985 |
| Total functional expenses | $551,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119,900 |
| Savings and temporary cash investments | $76,073 |
| Pledges and grants receivable | $556,705 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,144 |
| Prepaid expenses and deferred charges | $1,160 |
| Net Land, buildings, and equipment | $1,554,753 |
| Investments—publicly traded securities | $300,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,665 |
| Total assets | $4,627,524 |
| Accounts payable and accrued expenses | $901 |
| Grants payable | $0 |
| Deferred revenue | $4,705 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $92,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $97,793 |
| Net assets without donor restrictions | $1,758,644 |
| Net assets with donor restrictions | $2,771,087 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,627,524 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Hampshire Boat Museum has recieved totaling $226,401.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $60,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $56,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $45,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For designated dist., general support, scholarships, Museum improvements | $22,301 |
Searles Family Foundation Fernandina Beach, FL PURPOSE: GENERAL FUND | $17,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $15,000 |
Endowment Analysis
| Beg. Balance | $113,744 |
| Earnings | $12,029 |
| Net Contributions | $17,620 |
| Ending Balance | $143,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |
Scottish Rite Masonic Museum & Library Inc Lexington, MA | $63,564,259 | $9,227,595 |
Strawbery Banke Museum Portsmouth, NH | $20,097,430 | $6,235,476 |
General Society Of Mayflower Descendants Plymouth, MA | $8,416,506 | $2,797,450 |
Collings Foundation Inc Hudson, MA | $76,716,195 | $4,768,988 |
New Hampshire Historical Society Concord, NH | $27,164,397 | $2,104,190 |
Worcester Historical Museum Worcester, MA | $19,635,661 | $1,279,524 |
Fruitlands Museums Inc Boston, MA | $22,497,244 | $522,841 |