Sailing Ships Portland
- Assets
- $252.7k
- Revenue
- $803.9k
- Investments
- $0.0
- Employees
- 47
- Location
- Portland, ME
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3101784
Organization Overview
Sailing Ships Portland is located in Portland, ME. The organization was established in 2015. 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, Sailing Ships Portland employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailing Ships Portland 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, Sailing Ships Portland generated $803.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $901.7k during the year ending 12/2021. While expenses have increased by 43.0% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS AND EDUCATIONAL VOYAGES/WORKSHOPS TO STUDENTS AGE 14-18 TO TEACH TEAMWORK, LEADERSHIP AND MARINE/SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVEY GAMAGE / SMALL BOAT PROGRAM - ONE WEEK EDUCATIONAL VOYAGES ON A LARGE TRADITIONAL SAILING VESSEL. STUDENTS WERE TAUGHT TEAMWORK, LEADERSHIP AND SAIL TRAINING. SOME STUDENTS RECEIVED VAYING LEVELS OF SCHOLARSHIPS, RANGING FROM AGES 14-18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Agnew President | OfficerTrustee | 20 | $0 |
Richard Olson Secretary | Trustee | 1 | $0 |
Jon Radtke Director | Trustee | 1 | $0 |
Will Ritch Director | Trustee | 1 | $0 |
Brian Harris Director | Trustee | 1 | $0 |
Michelle Thresher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,051 |
| Noncash contributions included in lines 1a–1f | $40,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,001 |
| Total Program Service Revenue | $516,720 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,525 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $803,946 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,429 |
| Office expenses | $1,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,488 |
| All other expenses | $504,628 |
| Total functional expenses | $901,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,525 |
| Savings and temporary cash investments | $0 |
| 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 | $116,950 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,220 |
| Total assets | $252,695 |
| Accounts payable and accrued expenses | $11,614 |
| Grants payable | $0 |
| Deferred revenue | $109,760 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $380,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,611 |
| Total liabilities | $505,485 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$252,790 |
| Total liabilities and net assets/fund balances | $252,695 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sailing Ships Portland has recieved totaling $9,105.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $9,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Maritime Museum Bath, ME | $19,147,299 | $3,611,205 |
Maine Mineral & Gem Museum Bethel, ME | $14,617,603 | $769,092 |
Canterbury Shaker Village Inc Canterbury, NH | $3,241,019 | $1,688,271 |
Penobscot Marine Museum Searsport, ME | $8,277,134 | $1,504,211 |
Sailing Ships Portland Portland, ME | $252,695 | $803,946 |
Abbe Museum Bar Harbor, ME | $4,804,812 | $816,686 |
Chosen Vale Inc Enfield, NH | $3,466,183 | $1,051,971 |
New England Ski Museum Franconia, NH | $1,811,111 | $345,656 |
Moosehead Marine Museum Inc Greenville, ME | $2,433,477 | $495,523 |
Seal Cove Auto Museum Seal Cove, ME | $959,876 | $735,715 |
Americas Credit Union Museum Foundation Manchester, NH | $2,650,235 | $258,089 |
Marine Mammals Of Maine Bath, ME | $177,477 | $377,561 |