Chicago Maritime Museum
- Assets
- $2.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 36-3205719
Organization Overview
Chicago Maritime Museum is located in Chicago, IL. The organization was established in 1983. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Maritime 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, Chicago Maritime Museum generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $275.9k during the year ending 12/2021. While expenses have increased by 15.5% 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
OPERATION OF A NAUTICAL HISTORY MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN NAUTICAL HISTORY ITEMS, INCLUDING BOOKS, ARTIFACTS, AND COMMEMORATIVE ITEMS, AND PROVIDE LECTURES, PUBLIC PRESENTATIONS OF NAUTICAL HISTORY, AND PUBLISH BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Truitt Chairman | OfficerTrustee | 1 | $0 |
David Metzger Secretary | OfficerTrustee | 1 | $0 |
Gerald Thomas Vice Chair/trea | OfficerTrustee | 1 | $0 |
Anil Ahuja Director | Trustee | 1 | $0 |
Grant Crowley Director | Trustee | 1 | $0 |
Matthew Howard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,369,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,396,536 |
| Total Program Service Revenue | $4,138 |
| Investment income | $6,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,005 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,410,244 |
| 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 | $86,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,232 |
| 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 | $6,075 |
| Advertising and promotion | $0 |
| Office expenses | $2,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,374 |
| All other expenses | $2,089 |
| Total functional expenses | $275,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $991,278 |
| Accounts receivable, net | $710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,767 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,002,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,740 |
| Total assets | $2,221,949 |
| Accounts payable and accrued expenses | $6,414 |
| 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 | $0 |
| Total liabilities | $6,414 |
| Net assets without donor restrictions | $164,680 |
| Net assets with donor restrictions | $2,050,855 |
| 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 | $2,221,949 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Chicago Maritime Museum has recieved totaling $23,789.
| Awarding Organization | Amount |
|---|---|
Howard Fam Foundation Chicago, IL PURPOSE: GENERAL PURPOSE | $20,000 |
Helmsmanship Inc Chicago, IL PURPOSE: 501C3 NON PROFIT ORGANIZATION | $2,000 |
Peter D And Carol Goldman Foundation Highland Park, IL PURPOSE: GENERAL SUPPORT | $1,000 |
King Spruce Company Boston, MA PURPOSE: UNRESTRICTED GIFT | $500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $105 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $105 |
Endowment Analysis
| Net Contributions | $2,023,321 |
| Ending Balance | $2,023,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |