Lake Superior Marine Museum Assn
- Assets
- $261.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 23-7293770
Organization Overview
Lake Superior Marine Museum Assn is located in Duluth, MN. The organization was established in 1974. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Marine Museum Assn 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, Lake Superior Marine Museum Assn generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $47.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Konnie Lemay President | 3 | $0 | |
Becky Hubbard Treasurer | 3 | $0 | |
Capt Sherman Edwards Director (thru Dec) | 3 | $0 | |
Jayson Hron Director | 3 | $0 | |
Renee Mattson Director | 3 | $0 | |
Elissa Husby Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,474 |
| Total Program Service Revenue | $2,235 |
| Membership dues | $23,714 |
| Investment income | $2,367 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,598 |
| Other Revenue | $7,646 |
| Total Revenue | $46,034 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,282 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,996 |
| Total expenses | $47,278 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $261,671 |
| Other assets | $0 |
| Total assets | $261,671 |
| Total liabilities | $0 |
| Net assets or fund balances | $261,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Superior Marine Museum Assn has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Friends Of South Dakota Public Broadcasting Sioux Falls, SD | $8,253,361 | $5,354,022 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |
Block 100 Foundation Inc Middleton, WI | $18,901,451 | $2,662,277 |
Wisconsin Youth Symphony Orchestra Inc Madison, WI | $7,680,238 | $7,653,874 |
Anna K Meredith Endowment Trust Des Moines, IA | $55,269,901 | $36,939,022 |
Museum Of Art Foundation Davenport, IA | $28,471,006 | $5,676 |