Chicago Maritime Museum
- Assets
- $2.6m
- Revenue
- $444.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 02/1983
- Data as of
- 12/2023
- 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. As of 12/2023, Chicago Maritime Museum employed 3 individuals. 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 12/2023, Chicago Maritime Museum generated $444.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $412.5k 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
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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $369,613 |
| Noncash contributions included in lines 1a–1f | $202,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,613 |
| Total Program Service Revenue | $4,400 |
| Investment income | $54,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,820 |
| 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 | $93,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,815 |
| 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 | $6,915 |
| Advertising and promotion | $0 |
| Office expenses | $4,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,525 |
| 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 | $24,960 |
| Insurance | $10,611 |
| All other expenses | $1,338 |
| Total functional expenses | $412,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $87,359 |
| Investments—publicly traded securities | $2,311,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,087 |
| Other assets | $4,740 |
| Total assets | $2,576,943 |
| Accounts payable and accrued expenses | $64,423 |
| 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 | $53,663 |
| Total liabilities | $118,086 |
| Net assets without donor restrictions | $235,593 |
| Net assets with donor restrictions | $2,223,264 |
| 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 | $2,576,943 |