Maritime Heritage Alliance
- Assets
- $457.6k
- Revenue
- $105.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Traverse City, MI
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 38-2528874
Organization Overview
Maritime Heritage Alliance is located in Traverse City, MI. The organization was established in 1984. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Maritime Heritage Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime Heritage Alliance 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, Maritime Heritage Alliance generated $105.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (41.0%) per year over the past 4 years. 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
OUR MISSION IS TO PRESERVE INTERPRET SHARE AND PROMOTE THE MARITIME HERITAGE OF THE GREAT LAKES. WE DO THIS THROUGH ON THE WATER EXPERIENCES ON HISTORIC VESSELS AND IN SHOP ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING WITH AT RISK YOUTH TO PROMOTE SELF-RELIANCE AND CONFIDENCE ON THE WATER AND OFF.
TEACHING TRADITIONAL SKILLS TO ASSIST IN THE MAINTENANCE OF A WOODEN BOAT FLEET. YOUTH AND ADULTS BOTH ARE ACTIVE PARTICIPANTS.
TEACHING TRADITIONAL SKILLS TO ASSIST IN THE MAINTENANCE OF A WOODEN BOAT FLEET. YOUTH AND ADULTS BOTH ARE ACTIVE PARTICIPANTS.
WORKING WITH AT RISK YOUTH TO PROMOTE SELF-RELIANCE AND CONFIDENCE ON THE WATER AND OFF.
SAILING AND MAINTAINING A REPRODUCTION 18TH CENTURY SCHOONER TO BE USED AS A COMMUNITY ASSET FOR OTHER NON-PROFIT ORGANIZATIONS AND FOR ASSET LIMITED COMMUNITY MEMBERS.
SAILING AND MAINTAINING A REPRODUCTION 18TH CENTURY SCHOONER TO BE USED AS A COMMUNITY ASSET FOR OTHER NON-PROFIT ORGANIZATIONS AND FOR ASSET LIMITED COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Roberts Board President | OfficerTrustee | 10 | $0 |
Linda Cline Board Treasurer | OfficerTrustee | 5 | $0 |
Linda Posler Board Secretary | OfficerTrustee | 5 | $0 |
Jay Ruzak Board Vice President | OfficerTrustee | 1 | $0 |
Ross Richardson Director | Trustee | 5 | $0 |
Brett Derr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,854 |
| Membership dues | $0 |
| Fundraising events | $29,347 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,506 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,707 |
| Total Program Service Revenue | $9,984 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,521 |
| 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. | $57,315 |
| Compensation of current officers, directors, key employees. | $38,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $1,937 |
| Office expenses | $587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,487 |
| All other expenses | $0 |
| Total functional expenses | $17,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,706 |
| Savings and temporary cash investments | $30,433 |
| 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 | $16,506 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $386,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,645 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $457,645 |
| 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 | $457,645 |