New Bedford Fishing Heritage Center Inc
- Assets
- $228.6k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 3
- Location
- New Bedford, MA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2147308
Organization Overview
New Bedford Fishing Heritage Center Inc is located in New Bedford, MA. The organization was established in 2015. 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, New Bedford Fishing Heritage Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Bedford Fishing Heritage Center 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, New Bedford Fishing Heritage Center Inc generated $215.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $233.6k during the year ending 12/2022. While expenses have increased by 30.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER IS DEDICATED TO EDUCATING THE PUBLIC ABOUT THE FISHING INDUSTRY PAST, PRESENT, AND FUTURE, AND PRESERVING AND PRESENTING THE STORY OF THE FISHING INDUSTRY THROUGH EXHIBITS, PROGRAMS, AND ARCHIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER PRESENTS A VARIETY OF EDUCATIONAL PROGRAMS TO SCHOOL AND TOUR GROUPS AND THE GENERAL PUBLIC INLUDING A FREE SUMMER CAMP, MONTHLY DOCUMENTARY FILMS, A SPEAKER SERIES, WALKING TOURS, LECTURES, CRAFT AND COOKING CLASSES, AS WELL AS SPECIAL EVENTS SUCH AS FESTIVALS AND CONFERENCES. OUR EXHIBITS INCLUDE A PERMANENT EXHIBIT AND 2-4 GALLERY EXHIBITS DEVELOPED AND PRESENTED ANNUALLY. WE HAVE AN ONGOING COMMUNITY DOCUMENTATION PROJECT CONDUCTING AND TRANSCRIBING ORAL HISTORY INTERVIEWS WITH MEMBERS OF THE FISHING COMMUNITY.ADDITIONALLY, WE MAINTAIN A DIGITAL ARCHIVE OF SCANNED PHOTOGRAPHS AND DOCUMENTS FROM THE FISHING COMMUNITY. WE ALSO HOST FISHING COMMUNITY EVENTS AND INDUSTRY MEETINGS.PROGRAM EXPENSES INCLUDE STAFF TIME, PROGRAM SUPPLIES, PRINTING, GRAPHICS DESIGN, HONORARIA FOR PRESENTERS, AND OTHER RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeleine Hall-Arber Director | Trustee | 2.5 | $0 |
David Frank Director | Trustee | 1 | $0 |
Mike Pol Director | Trustee | 1 | $0 |
Carolyn Latti Director | Trustee | 1 | $0 |
Jeffrey Pagliuca Director | Trustee | 1 | $0 |
Judy Farrar Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,995 |
| Fundraising events | $50,505 |
| Related organizations | $0 |
| Government grants | $41,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,917 |
| Total Program Service Revenue | $22,270 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,603 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,060 |
| 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. | $54,461 |
| Compensation of current officers, directors, key employees. | $13,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,459 |
| Payroll taxes | $10,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,084 |
| Office expenses | $6,999 |
| Information technology | $1,569 |
| Royalties | $0 |
| Occupancy | $37,272 |
| Travel | $1,170 |
| 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 | $1,048 |
| Insurance | $2,386 |
| All other expenses | $0 |
| Total functional expenses | $233,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,340 |
| Savings and temporary cash investments | $5,036 |
| Pledges and grants receivable | $16,980 |
| 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 | $5,320 |
| Prepaid expenses and deferred charges | $390 |
| Net Land, buildings, and equipment | $11,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,035 |
| Total assets | $228,593 |
| Accounts payable and accrued expenses | $9,819 |
| Grants payable | $0 |
| Deferred revenue | $1,620 |
| 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 | $68,035 |
| Total liabilities | $79,474 |
| Net assets without donor restrictions | $121,969 |
| Net assets with donor restrictions | $27,150 |
| 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 | $228,593 |