Project Liberty Ship Inc
- Assets
- $2.7m
- Revenue
- $686.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 52-1600878
Organization Overview
Project Liberty Ship Inc is located in Baltimore, MD. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Liberty Ship 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 12/2021, Project Liberty Ship Inc generated $686.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $662.9k during the year ending 12/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE PEOPLE OF ALL AGES ABOUT THE INSTRUMENTAL ROLE THE AMERICAN MERCHANT MARINE, NAVAL ARMED GUARD, AND SHIPBUILDERS PLAYED IN THE ALLIED VICTORY IN WORLD WAR II ACCOMPLISHED THROUGH LIVING HISTORY PRESENTATIONS ABROAD THE AUTHENTICALLY PRESERVED SS JOHN W. BROWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF, MAINTENANCE OF AND SAILING OF THE LIBERTY SHIP SS JOHN W. BROWN, WHICH IS A MUSEUM DEDICATED TO THE MEN AND WOMEN OF AMERICAN INDUSTRY WHO BUILT THE GREAT LIBERTY SHIP FLEET AND TO THE MERCHANT MARINES AND U.S. NAVY ARMED GUARD CREWS WHO SAILED AND DEFENDED THEM DURING WORLD WAR II.ON MAY 26, 2021, PROJECT LIBERTY SHIP (PLS) AND SS JOHN W. BROWN SURPASSED THE TWO MILLION VOLUNTEER HOURS MILESTONE! THOSE HOURS HAVE BEEN ACCUMULATED SINCE AUGUST 1988 WHEN THE SHIP WAS TOWED BACK TO BALTIMORE, THE PORT WHERE SHE WAS LAUNCHED, FOR RESTORATION AS AOPERATIONALHISTORIC SHIP. PLS/JOHN W. BROWN IS ONE OF THE VERY FEW ORGANIZATIONS OF THIS TYPE THAT IS MADE UP SOLELY OF VOLUNTEERS THERE HAS NEVER BEEN ANY PAID STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Cadzow Chairman | OfficerTrustee | 12 | $0 |
Stacia Miller Treasurer | OfficerTrustee | 40 | $0 |
Jo Ann Malpass Secretary | OfficerTrustee | 21 | $0 |
Diane Jerbi Acting Pres. | Officer | 30 | $0 |
Captain Brian Hope Director | Trustee | 8 | $0 |
Dawn Jacobs Director | Trustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,924 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,001 |
| Net Income from Fundraising Events | $10,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,072 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,913 |
| Advertising and promotion | $23,317 |
| Office expenses | $9,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,325 |
| Travel | $0 |
| 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 | $249,347 |
| Insurance | $62,869 |
| All other expenses | $11,999 |
| Total functional expenses | $662,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,007 |
| Savings and temporary cash investments | $136,934 |
| Pledges and grants receivable | $79,863 |
| Accounts receivable, net | $14,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,860 |
| Net Land, buildings, and equipment | $673,114 |
| Investments—publicly traded securities | $1,639,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,275 |
| Total assets | $2,748,865 |
| Accounts payable and accrued expenses | $7,437 |
| Grants payable | $0 |
| Deferred revenue | $12,688 |
| 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 | $0 |
| Total liabilities | $20,125 |
| Net assets without donor restrictions | $2,036,530 |
| Net assets with donor restrictions | $692,210 |
| 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 | $2,748,865 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Liberty Ship Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Charitable Marine Society Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $1,080,615 |
| Earnings | $68,228 |
| Other Expense | $65,058 |
| Ending Balance | $1,083,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
International Spy Museum Washington, DC | $139,621,736 | $22,140,962 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |