New Hampshire Boat Museum
- Assets
- $5.4m
- Revenue
- $891.1k
- Investments
- $0.0
- Employees
- 28
- Location
- Wolfeboro Falls, NH
- Founding
- 09/1994
- Data as of
- 12/2023
- 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 12/2023, New Hampshire Boat Museum employed 28 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 12/2023, New Hampshire Boat Museum generated $891.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $600.5k during the year ending 12/2023. 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
2023
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
MUSEUM: THE NEW HAMPSHIRE BOAT MUSEUM WAS FOUNDED IN 1992 BY A GROUP OF ANTIQUE AND CLASSIC BOATING ENTHUSIATES WHO WANTED TO SHARE THEIR LOVE OF NEW HAMPSHIRE'S FRESHWATER BOATING HERITAGE. THE NEW HAMPSHIRE BOAT MUSEUM HAS HOUSED ITS COLLECTION FOR THE PAST 20+ YEARS IN WOLFEBORO, NH IN A 5,000 SQUARE FOOT ROUND ROOF BUILDING BUILT IN 1954, OPEN ON A SEASONAL BASIS. IN 2022, FOLLOWING A MULTI-YEAR CAPITAL CAMPAIGN, THE NEW HAMPSHIRE BOAT MUSEUM PURCHASED A 24,000 SQUARE FOOT BUILDING IN MOULTONBOROUGH, NH TO EXPAND OPERATIONS. THE NEW HAMPSHIRE BOAT MUSEUM'S HEADQUARTERS WILL MOVE THERE FOLLOWING RENOVATIONS. THIS NEW FACILITY IS CLIMATE CONTROLLED WITH LARGER EXHIBIT AND PROGRAM SPACE WHICH WILL ALLOW THE NEW HAMPSHIRE BOAT MUSEUM TO OPERATE YEAR ROUND. THE WOLFEBORO CAMPUS WILL CONTINUE TO HOST MANY SEASONAL PROGRAMS DURING SPRING AND SUMMER.
EDUCATIONAL PROGRAMS: THE NEW HAMPSHIRE BOAT MUSEUM OFFERS CORE EDUCATIONAL PROGRAMS THAT INCLUDE BOAT BUILDING CLASSES FOR ADULTS, FAMILIES, AND YOUTH; SAILING FOR YOUTH AND ADULTS IN PARTNERSHIP WITH WOLFEBORO PARKS AND RECREATION; MODEL YACHTING AND MODEL YACHT KIT BUILDING CLASSES; LAKE DISCOVERY DAYS FOR ELEMENTARY SCHOOL-AGED CHILDREN; ON-WATER BOATING SAFETY CLASSES AND MORE.
VINTAGE BOAT RIDES: THE MUSEUM OFFERS VINTAGE BOAT RIDES WHICH TOUR LAKE WINNIPESAUKEE ON TWO 28-FOOT MAHOGANY HACKER-CRAFT. RIDERS EXPERIENCE THE GOLDEN AGE OF BOATING WHILE VIEWING SPECTACULAR SCENERY AND MAGNIFICENT HOMES AND BOAT HOUSES, WITH FASCINATING NARRATION BY THEIR CAPTAIN ABOUT THE LAKE'S HISTORY, GEOGRAPHY, GEOLOGY, AND WILDLIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Laurent Co-Chairperson | OfficerTrustee | 2 | $0 |
Allison Hall Hart Co-Chairperson | OfficerTrustee | 2 | $0 |
Stephanie Inglis Vice Chairperson | OfficerTrustee | 2 | $0 |
Mary Simpson Treasurer | OfficerTrustee | 2 | $0 |
Kerry Lynch Secretary | OfficerTrustee | 2 | $0 |
Max Barrett Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,234 |
| Fundraising events | $122,138 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,532 |
| Total Program Service Revenue | $179,846 |
| Investment income | $8,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,382 |
| Net Income from Fundraising Events | $36,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $891,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $72,593 |
| Compensation of current officers, directors, key employees. | $35,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,271 |
| Payroll taxes | $21,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,554 |
| Office expenses | $7,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,775 |
| Travel | $5,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,203 |
| Insurance | $31,370 |
| All other expenses | $44,741 |
| Total functional expenses | $600,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,506 |
| Savings and temporary cash investments | $206,615 |
| Pledges and grants receivable | $103,364 |
| Accounts receivable, net | $18,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,107 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,705,901 |
| Investments—publicly traded securities | $133,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,196 |
| Total assets | $5,350,298 |
| Accounts payable and accrued expenses | $8,259 |
| Grants payable | $0 |
| Deferred revenue | $8,235 |
| 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 | $70,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,975 |
| Net assets without donor restrictions | $4,827,970 |
| Net assets with donor restrictions | $435,353 |
| 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 | $5,350,298 |