Wisconsin Maritime Museum Inc
- Assets
- $5.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Manitowoc, WI
- Founding
- 01/1969
- Data as of
- 12/2022
- EIN
- 39-1128473
Organization Overview
Wisconsin Maritime Museum Inc is located in Manitowoc, WI. The organization was established in 1969. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Wisconsin Maritime Museum Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Maritime Museum Inc 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, Wisconsin Maritime Museum Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGES AND EDUCATES THE PUBLIC ABOUT THE MARITIME HISTORY OF WISCONSIN AND THE GREAT LAKES.
Describe the Organization's Program Activity:
IN 2022, THERE WERE SIGNIFICANT COLLECTIONS ACQUISITIONS INCLUDING OVER 10,000 SHIPWRECK ARTIFACTS TRANSFERRED TO THE MUSEUM FROM A PRIVATE COLLECTOR. THE MUSEUM IS CURATING THESE ITEMS IN CONJUNCTION WITH THE STATE OF WISCONSIN. THE NEAR DOUBLING OF THE MUSEUM'S OBJECT COLLECTION WILL BE DRIVING THE REDEVELOPMENT OF OUR OFFSITE STORAGE FACILITY AT FRANKLIN STREET TO HOUSE A MUSEUM-QUALITY STORAGE FACILITY, CONSERVATION LAB, TEACHING SPACE, AND BOAT RESTORATION LAB, AND ENHANCED MUSEUM BEHIND THE SCENES' RESPONSIBILITIES. NUMEROUS NEW AND UPDATED EXHIBITS WERE ENACTED IN 2022, INCLUDING EXTERIOR INTERPRETIVE SIGNAGE, 2 ROTATIONS OF PHOTOGRAPHIC AND FINE ART EXHIBITS IN OUR TEMPORARY GALLERY, UPDATES TO OUR UNDERWATER TREASURES EXHIBIT, AND LOBBY' EXHIBIT AREA.
EDUCATION (PROGRAMS FOR ADULTS AND FAMILIES) - FORMAL EDUCATION PROGRAMS WERE BACK IN FULL EFFECT IN 2022, POST-COVID, WITH SCHOOL FIELD TRIPS AT NEAR MAXIMUM CAPACITY. INFORMAL EDUCATION PROGRAMS WERE ALSO IN HIGH DEMAND WITH OUR GROUP OVERNIGHT PROGRAM, SUBBNB, SENSORY FRIENDLY ACTIVITIES, AND ADULT GROUP TOURS ALSO OPERATING AT PRE-PANDEMIC LEVELS. NEW OPTIONS FOR TOURS ON USS COBIA INCLUDING INTEGRATING AUDIO TOURS INTO VISITOR TOUR OPTIONS. THE RELAUNCHING OF OUR SATURDAY LEARNING SERIES' ADULT EDUCATION PROGRAMS AS OUR MONTHLY THURSDAY NIGHT THINK AND DRINK' PROGRAMS WAS INCREDIBLY SUCCESSFUL WITH 50-100 IN PERSON ATTENDEES EACH MONTH, AND A SIMILAR NUMBER OF ONLINE PARTICIPANTS. OTHER HIGHLIGHTS INCLUDE 4TH OF JULY'S SUBFEST EVENT AND CHRISTMAS TREE SHIP DAY.
USS COBIA-RELATED WORK: CONTINUED HULL AND INTERIOR MAINTENANCE WORK; CONTINUED WORK ON ENGINES; CONTINUED IMPROVEMENTS TO THE INTERPRETATION OF USS COBIA. VOLUNTEERS CONTINUED TO PUT IN SIGNIFICANT HOURS PAINTING, REPAIRING, AND CLEANING ALL CORNERS OF THE SUBMARINE. IN ADDITION, NEW VIDEO SECURITY SYSTEM WAS INSTALLED ON THE SUBMARINE TO HELP MONITOR DAILY VISITORS. NEW INTERPRETIVE TOOLS, INCLUDING AN AUDIO TOUR APP WAS DEVELOPED AND DEPLOYED. FINALLY, A COMPREHENSIVE DRY DOCKING PLAN WAS OUTLINED AND WILL BEGIN IMPLEMENTATION IN 2022 FOR A PROJECTED 2025 DRY DOCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Zastrow President | OfficerTrustee | 1 | $0 |
Tim Mctigue Board Member | Trustee | 1 | $0 |
Rich Larsen Treasurer | OfficerTrustee | 1 | $0 |
Logan Rooney Board Member | Trustee | 1 | $0 |
Jerry Clusen Board Member | Trustee | 1 | $0 |
Howard Zimmerman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,522 |
| Fundraising events | $17,525 |
| Related organizations | $0 |
| Government grants | $9,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $544,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $621,543 |
| Total Program Service Revenue | $510,722 |
| Investment income | $42,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,052 |
| Net Gain/Loss on Asset Sales | $33,977 |
| Net Income from Fundraising Events | $2,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,426 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,334,342 |
| 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. | $94,715 |
| Compensation of current officers, directors, key employees. | $67,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,430 |
| Payroll taxes | $53,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,048 |
| Fees for services: Other | $17,125 |
| Advertising and promotion | $26,423 |
| Office expenses | $60,247 |
| Information technology | $21,242 |
| Royalties | $0 |
| Occupancy | $93,636 |
| Travel | $16,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229 |
| Interest | $19,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,396 |
| Insurance | $36,610 |
| All other expenses | $14,039 |
| Total functional expenses | $1,360,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,497 |
| Accounts receivable, net | $44,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,707 |
| Prepaid expenses and deferred charges | $709 |
| Net Land, buildings, and equipment | $3,074,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,284,889 |
| Total assets | $5,237,314 |
| Accounts payable and accrued expenses | $58,494 |
| Grants payable | $0 |
| Deferred revenue | $41,920 |
| 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 | $379,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,539 |
| Total liabilities | $506,147 |
| Net assets without donor restrictions | $3,148,464 |
| Net assets with donor restrictions | $1,582,703 |
| 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 | $5,237,314 |