Calvert Marine Museum Society Inc
- Assets
- $10.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Solomons, MD
- Founding
- 04/1985
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Calvert Marine Museum Society Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 5.0% 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
2023
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 Member | Trustee | 0 | $0 |
Capt Derrick Kingsley Ex Officio/non Voting | Trustee | 0 | $0 |
Frank E Taylor Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calvert County Treasurer Reimbursement Of Payroll / Insurance | 6/29/23 | $660,637 |
C O Jones Inc Entertainer Expense | 6/29/23 | $158,644 |
Mha Audio Concert Sound Stage Lights | 6/29/23 | $130,004 |
Meleco Llc Entertainer Expense | 6/29/23 | $112,990 |
William Morris Endeavor Entertainment Entertainer Expense | 6/29/23 | $102,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $284,423 |
| Fundraising events | $64,419 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,969 |
| Total Program Service Revenue | $0 |
| Investment income | $427,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $231,502 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $344,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $69,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,098,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $288,263 |
| 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 | $321,698 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,097 |
| 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 | $3,249 |
| Advertising and promotion | $26,270 |
| Office expenses | $6,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,973 |
| Travel | $2,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,452 |
| Interest | $34,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,140 |
| Insurance | $63,144 |
| All other expenses | $187,857 |
| Total functional expenses | $1,098,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $924,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,046 |
| Prepaid expenses and deferred charges | $128,017 |
| Net Land, buildings, and equipment | $1,236,405 |
| Investments—publicly traded securities | $8,198,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,581,646 |
| Accounts payable and accrued expenses | $178,033 |
| Grants payable | $0 |
| Deferred revenue | $542,792 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $265,000 |
| Secured mortgages and notes payable | $558,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,544,121 |
| Net assets without donor restrictions | $2,537,575 |
| Net assets with donor restrictions | $6,499,950 |
| 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 | $10,581,646 |