Historic Ships In Baltimore Inc
- Assets
- $6.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 52-2170291
Organization Overview
Historic Ships In Baltimore Inc is located in Baltimore, MD. The organization was established in 2015. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Historic Ships In Baltimore 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 12/2022, Historic Ships In Baltimore Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 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
HISTORIC SHIPS IN BALTIMORE PRESERVES AND MAINTAINS USS CONSTELLATION, USS TORSK, LV116 CHESAPEAKE, USCGC WHEC-37, AND THE SEVEN FOOT KNOLL LIGHTHOUSE, ALL REGISTERED NATIONAL HISTORIC LANDMARKS, PROVIDING HISTORICAL INTERPRETATION AND HANDS-ON EDUCATION PROGRAMMING FOR THE GENERAL PUBLIC, SCHOOL AND YOUTH GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVES HISTORIC U.S. NAVY SAILING VESSELS AS MUSEUMS OPEN TO THE PUBLIC AND CONDUCTS EDUCATIONAL PROGRAMS.
PRESERVES HISTORIC U.S. NAVY SAILING VESSEL AS A MUSEUM OPEN TO THEPUBLIC AND CONDUCTS EDUCATIONAL PROGRAMS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,469,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $474,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,944,104 |
| Total Program Service Revenue | $1,212,115 |
| Investment income | $18,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,977 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,215,858 |
| 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 | $464,147 |
| Pension plan accruals and contributions | $9,036 |
| Other employee benefits | $10,346 |
| Payroll taxes | $35,095 |
| 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 | $5,764 |
| Fees for services: Other | $73,715 |
| Advertising and promotion | $30,047 |
| Office expenses | $93,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,706 |
| Travel | $15,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,025 |
| Interest | $10,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,133 |
| Insurance | $64,493 |
| All other expenses | $88,499 |
| Total functional expenses | $2,206,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $972,074 |
| Accounts receivable, net | $31,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,271 |
| Prepaid expenses and deferred charges | $770 |
| Net Land, buildings, and equipment | $4,013,345 |
| Investments—publicly traded securities | $996,296 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,064,681 |
| Accounts payable and accrued expenses | $794,713 |
| Grants payable | $0 |
| Deferred revenue | $11,486 |
| 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 | $1,353,895 |
| Total liabilities | $2,160,094 |
| Net assets without donor restrictions | $2,575,678 |
| Net assets with donor restrictions | $1,328,909 |
| 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 | $6,064,681 |