Icebreaker Mackinac Maritime Museum Inc
- Assets
- $2.2m
- Revenue
- $225.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Mackinaw City, MI
- Founding
- 09/2005
- Data as of
- 12/2020
- EIN
- 20-1849324
Organization Overview
Icebreaker Mackinac Maritime Museum Inc is located in Mackinaw City, MI. The organization was established in 2005. 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 12/2020, Icebreaker Mackinac Maritime Museum Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icebreaker Mackinac 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 12/2020, Icebreaker Mackinac Maritime Museum Inc generated $225.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $233.7k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OBTAIN THE USCGC MACKINAW AND CONVERT IT INTO A MUSEUM. THIS MUSEUM WILL COLLECT, PRESERVE, PROTECT AND INTERPRET THE HISTORY OF THE COAST GUARD PRESENCE ON THE GREAT LAKES FROM THE EARLY 1940'S TO THE PRESENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS FORMED TO PURSUE THE ACQUISITION OF THE USCGC MACKINAW FOLLOWING HER DECOMISSIONING BY THE FEDERAL GOVERNMENT. ALL OF THE INTERPRETIVE PROGRAMS WILL PRESENT AND SEEK TO EDUCATE THE VISITOR, IN AN ENTERTAINING WAY, ON THE IMPORTANCE OF BOTH THE US COAST GUARD ACTIVITY ONT HE GREAT LAKES AND THE ECONOMIC AND ECOLOGIC IMPORTANCE OF THE LAKES THEMSELVES TO THE QUALITY OF LIFE IN AREA OF THE STRAITS OF MACKINAC IN THE STATE OF MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Roger Benter Secretary | OfficerTrustee | $0 | |
Randy Powers Treasurer | OfficerTrustee | $0 | |
William Shepler President | OfficerTrustee | $0 | |
David Morthland Vice Preside | OfficerTrustee | $0 | |
William Marvin Director | Trustee | $0 | |
Rj Fisher Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,701 |
| Total Program Service Revenue | $113,814 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37,073 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,182 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,040 |
| Payroll taxes | $14,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,223 |
| Office expenses | $4,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,284 |
| Travel | $259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,010 |
| Insurance | $19,271 |
| All other expenses | $1,595 |
| Total functional expenses | $233,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,233 |
| Savings and temporary cash investments | $4,617 |
| Pledges and grants receivable | $0 |
| 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 | $19,164 |
| Prepaid expenses and deferred charges | $2,460 |
| Net Land, buildings, and equipment | $2,053,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,238,237 |
| Accounts payable and accrued expenses | $1,354 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $786 |
| Total liabilities | $2,140 |
| Net assets without donor restrictions | $2,236,097 |
| Net assets with donor restrictions | $0 |
| 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 | $2,238,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Icebreaker Mackinac Maritime Museum Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Baiardi Family Foundation Inc Harbor Springs, MI PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $4,217 |
| Earnings | $413 |
| Admin Expense | $13 |
| Ending Balance | $4,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |