Wisconsin Maritime Museum Inc
- Assets
- $5.5m
- Revenue
- $1.4m
- Investments
- $31.5k
- Employees
- 42
- Location
- Manitowoc, WI
- Founding
- 01/1969
- Data as of
- 12/2021
- 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 12/2021, Wisconsin Maritime Museum Inc employed 42 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 12/2021, Wisconsin Maritime Museum Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 0.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
COLLECTIONS & EXHIBITS: IN 2021, THE COVID-19 PANDEMIC CONTINUED TO AFFECT THE MUSEUM WITH A PERIOD OF CLOSURE OVER THE WINTER AND REDUCED CAPACITY OR ABILITY TO CARRY OUT SOME PROGRAMS (I.E. SUB TOURS AND FIELD TRIPS). A 9 MONTH STRATEGIC PLANNING PROCESS WAS UNDERTAKEN THAT SETS THE STAGE FOR THE MUSEUM FOR THE COMING YEARS. THIS INCLUDES SIGNIFICANT COLLECTIONS AND EXHIBITS UPDATES, UPGRADES, AND CLEARING OF BACKLOGGED PROJECTS. GROWING OUR PARTNERSHIP WITH THE STATE OF WISCONSIN AND THE NOAA SHIPWRECK COAST NATIONAL MARINE SANCTUARY WILL DRIVE MUCH OF OUR COLLECTIONS AND EXHIBIT AGENDA FOR THE NEXT 3 YEARS.
EDUCATION (PROGRAMS FOR ADULTS AND FAMILIES) - PRIOR TO COVID-19 SHUTDOWN, THE USS COBIA OVERNIGHT PROGRAMS SERVED MORE PARTICIPANTS THAN EVER BEFORE IN THE FIRST QUARTER OF THE YEAR. WHILE THIS POPULAR PROGRAM WAS UNDERSTANDABLY PUT ON HOLD DURING THE PANDEMIC, WE CONTINUED OVERNIGHT PROGRAMMING FOR FAMILIES WITH OUR SUBBNB PROGRAM, AS WELL AS CONTINUING WITH VIRTUAL FIELD TRIPS FOR STUDENTS AND GROWING OUR OPTIONS OF BOTH ONLINE AND IN-HOUSE EDUCATION AND OUTREACH OFFERINGS. BY THE END OF THE YEAR, EDUCATION PROGRAMS WERE ON TRACK TO RESUME PRE-PANDEMIC LEVELS OF PARTICIPATION.
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 DEVVELOPED 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 |
|---|---|---|---|
Cathy Green Executive Director | Officer | 40 | $93,756 |
Jamie Zastrow President | OfficerTrustee | 1 | $0 |
Rich Larsen Treasurer | OfficerTrustee | 1 | $0 |
Steve Dudek Vice President | OfficerTrustee | 1 | $0 |
Thomas Griesbach Secretary | OfficerTrustee | 1 | $0 |
Tim Mctigue Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,824 |
| Fundraising events | $46,806 |
| Related organizations | $0 |
| Government grants | $443,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,965 |
| Total Program Service Revenue | $368,220 |
| Investment income | $23,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,020 |
| Net Gain/Loss on Asset Sales | $56,319 |
| Net Income from Fundraising Events | $6,985 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $63,590 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,354,482 |
| 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. | $98,746 |
| Compensation of current officers, directors, key employees. | $89,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $386,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,567 |
| Payroll taxes | $40,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,246 |
| Fees for services: Other | $15,136 |
| Advertising and promotion | $27,368 |
| Office expenses | $49,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,318 |
| Travel | $2,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219 |
| Interest | $19,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,841 |
| Insurance | $34,383 |
| All other expenses | $24,373 |
| Total functional expenses | $1,113,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,795 |
| Savings and temporary cash investments | $594,581 |
| Pledges and grants receivable | $92,329 |
| Accounts receivable, net | $23,539 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,514 |
| Prepaid expenses and deferred charges | $709 |
| Net Land, buildings, and equipment | $3,262,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,489 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,434,170 |
| Total assets | $5,537,448 |
| Accounts payable and accrued expenses | $42,166 |
| Grants payable | $0 |
| Deferred revenue | $58,154 |
| 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 | $396,084 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,816 |
| Total liabilities | $516,220 |
| Net assets without donor restrictions | $3,540,193 |
| Net assets with donor restrictions | $1,481,035 |
| 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 | $5,537,448 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wisconsin Maritime Museum Inc has recieved totaling $136,318.
| Awarding Organization | Amount |
|---|---|
Ruth St John & John Dunham West Foundation Inc Manitowoc, WI PURPOSE: RESTRICTED | $70,000 |
Lakeshore Community Foundation Inc Manitowoc, WI PURPOSE: $14,200 CURATOR POSITION; $50K WISCONSIN MARITIME MUSEUM ENDOWMENT; $2,060 U.S.S. COBIA | $66,260 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $1,173,807 |
| Earnings | $142,780 |
| Net Contributions | $90,000 |
| Other Expense | $45,800 |
| Ending Balance | $1,360,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |