Red Wing Marine Museum
- Assets
- $224.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Wing, MN
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 45-2827019
Organization Overview
Red Wing Marine Museum is located in Red Wing, MN. The organization was established in 2013. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Wing Marine 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 12/2022, Red Wing Marine Museum generated $10.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $15.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PRESERVE, SHOWCASE AND EDUCATE THE PUBLIC ABOUT THE RED WING MOTOR MARINE ENGINE AND BOAT INDUSTRY IN A MUSEUM ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wilson Board Member | 0 | $0 | |
Marisa Kinney Secretary/treasurer | 1 | $0 | |
Patty Brown Board Member | 0 | $0 | |
Wylie Wilson Vice President | 0 | $0 | |
Greg Genz President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,058 |
| Total Program Service Revenue | $6,600 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,658 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,800 |
| Occupancy, rent, utilities, and maintenance | $9,709 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,333 |
| Total expenses | $15,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,248 |
| Other assets | $0 |
| Total assets | $224,361 |
| Total liabilities | $43,000 |
| Net assets or fund balances | $181,361 |