Sail Power And Steam Museum
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Rockland, ME
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1473502
Organization Overview
Sail Power And Steam Museum is located in Rockland, ME. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Sail Power And Steam Museum employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sail Power And Steam 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 12/2022, Sail Power And Steam Museum generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.7% each year . All expenses for the organization totaled $467.1k during the year ending 12/2022. While expenses have increased by 38.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: TO CELEBRATE, HONOR, EXPERIENCE, AND TELL THE STORY OF MAINE'S MARITIME HERITAGE.VISION: MAINE'S MARITIME HERITAGE HELPED SHAPE OUR NATION. IT IS OUR VISION THAT IT WILL CONTINUE TO INFLUENCE AND INSPIRE OUR FUTURE.1. COLLECT, RESTORE, MAINTAIN, AND DISPLAY HISTORICALLY SIGNIFICANT SAIL, POWER, AND STEAM VESSELS, ENGINES, AND RELATED MARITIME ARTIFACTS THAT PLAYED A ROLE IN THE EVOLUTION OF MARITIME AND RELATED INDUSTRIES IN ROCKLAND, THE MIDCOAST, AND THE STATE OF MAINE.2. OFFER PROGRAMS THAT HELP TELL THE STORY OF OUR MARITIME HERITAGE THAT RANGE FROM VOLUNTEER-RUN BOAT RESTORATIONS TO MUSEUM EXHIBITS TO IN-PERSON AND MULTI-MEDIA SPEAKER SERIES.3. OFFER EXPERIENTIAL, ON-WATER AND IN CLASSROOM, PROGRAMS IN SAILING, NAVIGATION, AND BOAT HANDLING THROUGH THE OUR MIDCOAST SAILING CENTER (MCSC). PROGRAMS UTILIZE BOTH CONTEMPORARY AND HISTORICALLY SIGNIFICANT VESSELS. 4. OFFER FREE YOUTH SAILING PROGRAMS (SKFF - SAIL KIDS FOR FREE) TO ENSURE THAT COST IS NEVER A BARRIER TO AREA YO
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANY PROGRAMS ARE DESIGNED TO BE AFFORDABLE OR FREE AND OPEN TO THE PUBLIC. PROGRAMS FEATURE LOCAL HISTORICAL AND MARITIME EDUCATORS FOCUSED ON INTERACTIVE, EXPERIENTIAL LEARNING. MANY EXHIBITS ARE "HANDS ON," WITH ITEMS THAT CAN BE HANDLED AND EXPERIENCED.PROGRAMS ARE AVAILABLE FOR SCHOOLS (OR HOME SCHOOL STUDENTS) THAT CAN BE PERSONALIZED FOR THE INTERESTS AND AGE GROUP VISITING.HERITAGE TOURS HAVE BEEN DEVELOPED FOR LARGER ADULT GROUPS (CRUISE SHIPS AND TOUR BUSES) WHICH ANNUALLY EDUCATE THOUSANDS OF OUT OF STATE AND LOCAL VISITORS IN OUR UNIQUE MARITIME HERITAGE AND ITS INFLUENCE ON MAINE AND THE MIDCOAST TODAY.ROCKLAND'S HARBOR TRAIL HAS BEEN GIVEN AN EASEMENT THROUGH OUR PROPERTY WHICH ALLOWS PUBLIC (PEDESTRIAN) ACCESS ALONG ROCKLAND'S WORKING WATERFRONT - AN AREA WHICH ONCE HOUSED THE SNOW MARINE SHIPYARD, ONE OF OUR NATION'S MOST PROLIFIC BOATYARDS IN ITS TIME.CONTINUE TO GROW OUR COLLECTIONS AND CREATE NEW EXHIBITS THAT SHOWCASE OUR MARITIME HERITAGE.SPEAKER SERIES HAVE BEEN DESIGNED FOR ACCESSIBILITY - BOTH IN PERSON AND ONLINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane R Mcintosh Executive Director | 40 | $57,932 | |
James Sharp Chairman | OfficerTrustee | 10 | $0 |
Richard Crossman Vice Chairman | OfficerTrustee | 0 | $0 |
Jesse Rutter Secretary | OfficerTrustee | 0 | $0 |
Peter Whitman Treasurer | OfficerTrustee | 0 | $0 |
Ken Barnes Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,991 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,270,066 |
| Noncash contributions included in lines 1a–1f | $900,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,280,057 |
| Total Program Service Revenue | $238,019 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6 |
| Net Rental Income | $127,353 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,646,836 |
| 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. | $57,932 |
| Compensation of current officers, directors, key employees. | $37,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,110 |
| Fees for services: Accounting | $12,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,752 |
| Advertising and promotion | $2,994 |
| Office expenses | $3,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,652 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46 |
| Interest | $3,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,785 |
| Insurance | $32,394 |
| All other expenses | $17,545 |
| Total functional expenses | $467,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,765,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $70,000 |
| Other assets | $202 |
| Total assets | $2,960,788 |
| Accounts payable and accrued expenses | $2,050 |
| 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 | $232,514 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,609 |
| Total liabilities | $267,173 |
| Net assets without donor restrictions | $0 |
| 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 | $2,693,615 |
| Total liabilities and net assets/fund balances | $2,960,788 |