Kalmar Nyckel Foundation
- Assets
- $9.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Wilmington, DE
- Founding
- 11/1959
- Data as of
- 10/2020
- EIN
- 51-6015181
Organization Overview
Kalmar Nyckel Foundation is located in Wilmington, DE. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 10/2020, Kalmar Nyckel Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalmar Nyckel Foundation 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 10/2020, Kalmar Nyckel Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE UNIQUE PROGRAMMING RELATED TO THE HISTORICAL, CULTURAL, MARITIME AND COMMERCIAL HERITAGE OF DELAWARE AND THE DELAWARE VALLEY USING THE TALL SHIP KALMAR NYCKEL AS A PLATFORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KALMAR NYCKEL IS A VOLUNTEER-BASED ORGANIZATION THAT BUILT, OWNS, AND OPERATES KALMAR NYCKEL, THE TALL SHIP OF DELAWARE. THE SHIP IS A FULL-SCALE REPLICA OF THE ORIGINAL SWEDISH MERCHANT SHIP CARRYING SOLDIERS AND COLONISTS WHO FOUNDED NEW SWEDEN IN 1638, ESTABLISHED FORT CHRISTINA AT "THE ROCKS, AND BEGAN THE FIRST PERMANENT EUROPEAN SETTLEMENT IN THE DELAWARE VALLEY (PRESENT DAY WILMINGTON, DE). KALMAR NYCKEL IS A TREASURED STATE ICON AND HAS BECOME ONE OF THE REGION'S GREAT EDUCATIONAL RESOURCES, A FLOATING CLASSROOM AND INSPIRATIONAL PLATFORM FOR AN ARRAY OF SEA- AND LAND-BASED PROGRAMS THAT TYPICALLY REACHES MORE THAN 30,000 PEOPLE OF ALL AGES EACH YEAR. THE KALMAR NYCKEL FOUNDATION ALSO SERVES AS A CATALYST FOR SOCIAL AND ECONOMIC DEVELOPMENT AND OUTREACH IN AND BEYOND THE STATE OF DELAWARE.
THE KALMAR NYCKEL FOUNDATION DEVELOPS RELEVANT AND HIGH-IMPACT EDUCATION PROGRAMS FOR BOTH SCHOOL-AGED (K-12) AND ADULT LEARNERS, AND WE DELIVER THEM IN MEANINGFUL WAYS THAT LEVERAGE OUR TALENTS AND RESOURCES WITH A NUMBER OF PARTNERS. WE CONTRIBUTE TO THE ADVANCEMENT OF RESEARCH AND SCHOLARSHIP IN THE AREA OF 17TH CENTURY COLONIAL, MARITIME, AND COMMERCIAL HISTORY. WE ALSO OPERATE THE COPELAND MARITIME CENTER FOR EDUCATION AND SHIP MAINTENANCE LOCATED AT THE FOUNDATION'S SHIPYARD TO FURTHER OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew T Cloud President | OfficerTrustee | 2 | $0 |
Scott Johnson Chairman | OfficerTrustee | 1 | $0 |
John Morton Treasurer | OfficerTrustee | 2 | $0 |
Capt David Scott - Uscg Ret Secretary | OfficerTrustee | 2 | $0 |
Robert Carter Trustee | Trustee | 1 | $0 |
Dominic Difebo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,168,922 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,151 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,743 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,422,322 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $501,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $96,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $98,648 |
| Information technology | $10,103 |
| Royalties | $0 |
| Occupancy | $119,369 |
| Travel | $1,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $477,563 |
| Insurance | $17,248 |
| All other expenses | $0 |
| Total functional expenses | $1,601,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,278 |
| Savings and temporary cash investments | $1,002 |
| Pledges and grants receivable | $94,083 |
| Accounts receivable, net | $33,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,030 |
| Prepaid expenses and deferred charges | $41,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,625 |
| Total assets | $9,727,029 |
| Accounts payable and accrued expenses | $85,752 |
| Grants payable | $0 |
| Deferred revenue | $20,106 |
| 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 | $3,205,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $540,084 |
| Total liabilities | $3,851,203 |
| 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 |
| Total liabilities and net assets/fund balances | $5,875,826 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Kalmar Nyckel Foundation has recieved totaling $127,675.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $42,560 |
Davenport Family Fndtn Trust Under Deed Edna Marion Davenport 031597 Southeastern, PA PURPOSE: NEW SAILS FOR SHIP | $25,000 |
Wildwood Foundation New York, NY PURPOSE: FOR MISSION SUPPORT | $20,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,386 |
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Kenny Family Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT | $6,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |