Calvert Marine Museum Society Inc
- Assets
- $9.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Solomons, MD
- Founding
- 04/1985
- Data as of
- 06/2022
- EIN
- 52-1363427
Organization Overview
Calvert Marine Museum Society Inc is located in Solomons, MD. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Calvert Marine Museum Society Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert Marine Museum Society 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 06/2022, Calvert Marine Museum Society Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $998.0k during the year ending 06/2022. While expenses have increased by 1.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE COMMUNITY AWARENESS OF THE MUSEUM AND TO SUPPORT THE OPERATION OF THE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE COMMUNITY AWARENESS OF THE MUSEUM AND TO SUPPORT THE OPERATION OF THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Weigel Chair | OfficerTrustee | 0 | $0 |
Amy D Lorenzini Vice Chair | OfficerTrustee | 0 | $0 |
Charles Jackson Treasurer | OfficerTrustee | 0 | $0 |
Dixie C Miller Secretary | OfficerTrustee | 0 | $0 |
Capt John Brabazon Usn Ex Officio/non Voting | Trustee | 0 | $0 |
Mike Hart Ex Officio/non Voting | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calvert County Treasurer Reimbursement Of Payroll / Insurance | 6/29/22 | $464,398 |
Wells Fargo Set Up Of Accounts And Donation Transfer | 6/29/22 | $315,867 |
Two Up Two Down Llc Concert Entertainer | 6/29/22 | $303,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $240,922 |
| Fundraising events | $42,345 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,025 |
| Total Program Service Revenue | $0 |
| Investment income | $177,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $209,747 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $452,227 |
| 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. | $223,056 |
| Compensation of current officers, directors, key employees. | $162,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,663 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,310 |
| Advertising and promotion | $24,008 |
| Office expenses | $7,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,778 |
| Travel | $636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,942 |
| Interest | $27,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,140 |
| Insurance | $40,548 |
| All other expenses | $0 |
| Total functional expenses | $998,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,112,671 |
| 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 | $82,730 |
| Prepaid expenses and deferred charges | $112,573 |
| Net Land, buildings, and equipment | $1,264,545 |
| Investments—publicly traded securities | $7,209,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,782,255 |
| Accounts payable and accrued expenses | $133,743 |
| Grants payable | $0 |
| Deferred revenue | $758,799 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $277,000 |
| Secured mortgages and notes payable | $575,073 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,744,615 |
| Net assets without donor restrictions | $2,020,436 |
| Net assets with donor restrictions | $6,017,204 |
| 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 | $9,782,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Calvert Marine Museum Society Inc has recieved totaling $208.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $208 |
Endowment Analysis
| Beg. Balance | $6,103,028 |
| Earnings | -$226,336 |
| Other Expense | $102,623 |
| Ending Balance | $5,774,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Museum Of Fine Arts Foundation Richmond, VA | $286,070,393 | $48,848,372 |
Npr Foundation Washington, DC | $410,006,391 | $31,919,786 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
Soldiers And Sailors Memorial Hall And Museum Trust Inc Pittsburgh, PA | $5,405,018 | $2,064,523 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |