National Maritime Heritage Foundation Inc
- Assets
- $151.7k
- Revenue
- $434.1k
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 52-2239202
Organization Overview
National Maritime Heritage Foundation Inc is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, National Maritime Heritage Foundation Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Maritime Heritage Foundation 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, National Maritime Heritage Foundation Inc generated $434.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $375.0k during the year ending 12/2021. 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
THE MISSION OF THE NATIONAL MARITIME HERITAGE FOUNDATION IS TO INSPIRE MINDS THROUGH MARITIME EDUCATIONAL PROGRAMS. THIS IS DONE THROUGH A VARIETY OF PROGRAMS, INCLUDING SAIL BOAT SAILING PROGRAMS AND SCHOONER EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SAILING PROGRAMS FOR YOUTH AND ADULTS, DEVELOP AND TEACH WATER SAFETY PROGRAMS, AND USE SAILING TO PROMOTE SCIENTIFIC, MATHEMATIC AND TECHNOLOGY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Muldoon Chairman | Officer | 5 | $0 |
Richard O'brien Vice President | Officer | 2 | $0 |
Lydia Jabin Secretary | Officer | 2 | $0 |
Hal Young Treasurer | Officer | 3 | $0 |
Horacio Marquez Director | Trustee | 2 | $0 |
James Bonham Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,397 |
| Total Program Service Revenue | $187,990 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$613 |
| Net Income from Fundraising Events | $321 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,095 |
| 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 | $215,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,901 |
| Payroll taxes | $19,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,503 |
| Advertising and promotion | $845 |
| Office expenses | $656 |
| Information technology | $7,327 |
| Royalties | $0 |
| Occupancy | $15,592 |
| Travel | $1,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,894 |
| Insurance | $24,942 |
| All other expenses | $8,260 |
| Total functional expenses | $374,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,282 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,723 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $146,800 |
| Total liabilities | $146,800 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,923 |
| Total liabilities and net assets/fund balances | $151,723 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Maritime Heritage Foundation Inc has recieved totaling $7,103.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Israel On Campus Coalition Washington, DC | $6,950,162 | $10,725,464 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |
Maryland Business Roundtable For Education Inc Baltimore, MD | $721,059 | $3,522,017 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |
Technology Student Association Reston, VA | $4,030,587 | $3,611,530 |
Petersburg Library Foundation Inc Petersburg, VA | $154,347 | $1,622,780 |
I E C Chesapeake Apprenticeship & Training Inc Laurel, MD | $3,113,507 | $2,893,289 |