Mariners Museum
- Assets
- $159.8m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 113
- Location
- Newport News, VA
- Founding
- 04/1932
- Data as of
- 12/2021
- EIN
- 54-0541801
Organization Overview
Mariners Museum is located in Newport News, VA. The organization was established in 1932. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mariners Museum employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariners Museum 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, Mariners Museum generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MARINERS' MUSEUM AND PARK CONNECTS PEOPLE TO THE WORLD'S WATERS, BECAUSE THROUGH THE WATERS - THROUGH OUR SHARED MARITIME HERITAGE - WE ARE CONNECTED TO ONE ANOTHER.
Describe the Organization's Program Activity:
EXHIBITIONS, COLLECTIONS, AND MAINTENANCE OF MUSEUM. APPROXIMATELY 41,000 SERVED.
RESEARCH - COLLECTION AND MAINTENANCE OF CURRENT AND HISTORICAL BOOKS AND PERIODICALS, COLLECTION AND MAINTENANCE OF CURRENT AND HISTORICAL PHOTOGRAPHS, INFORMATION INQUIRIES ADDRESSED. APPROXIMATELY 2,000 INDIVIDUALS SERVED.
PROGRAMS - PROGRAMS WITH SPECIAL STUDENT TOURS. APPROXIMATELY 17,000 INDIVIDUALS SERVED.
CONSERVATION - MAINTENANCE OF CURRENT AND HISTORICAL COLLECTIONS AND ARTIFACTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard H Hoege III President & CEO | Officer | 40 | $214,044 |
Nelson Forbes VP Collections, Chief Cura | 40 | $105,846 | |
Allison Dressler Chief Financial Officer | 40 | $105,846 | |
Daniel Archibald Senior Director, Tech And | 40 | $105,689 | |
Margaret Podlich Vice Chairman | OfficerTrustee | 1 | $0 |
Edward Heidt Jr Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,428 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,065,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,924,016 |
| Noncash contributions included in lines 1a–1f | $32,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,054,420 |
| Total Program Service Revenue | $115,626 |
| Investment income | $284,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $228,297 |
| Net Gain/Loss on Asset Sales | -$8,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,350 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,021,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,960 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,044 |
| Compensation of current officers, directors, key employees. | $42,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,466,149 |
| Pension plan accruals and contributions | $164,758 |
| Other employee benefits | $542,705 |
| Payroll taxes | $331,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,898 |
| Fees for services: Accounting | $54,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,535 |
| Advertising and promotion | $58,272 |
| Office expenses | $122,646 |
| Information technology | $467,098 |
| Royalties | $0 |
| Occupancy | $639,465 |
| Travel | $46,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,338 |
| Interest | $347,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,698,098 |
| Insurance | $98,951 |
| All other expenses | $0 |
| Total functional expenses | $10,121,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,931 |
| Savings and temporary cash investments | $5,354,407 |
| Pledges and grants receivable | $1,348,988 |
| Accounts receivable, net | $53,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,725 |
| Prepaid expenses and deferred charges | $33,602 |
| Net Land, buildings, and equipment | $23,340,260 |
| Investments—publicly traded securities | $17,856,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,424,242 |
| Total assets | $159,780,245 |
| Accounts payable and accrued expenses | $617,086 |
| Grants payable | $0 |
| Deferred revenue | $3,048,897 |
| Tax-exempt bond liabilities | $5,968,534 |
| 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 | $9,634,517 |
| Net assets without donor restrictions | $25,730,653 |
| Net assets with donor restrictions | $124,415,075 |
| 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 | $159,780,245 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mariners Museum has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Hogg Foundation Newport News, VA PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $14,631,099 |
| Earnings | $2,184,457 |
| Net Contributions | $3,882,655 |
| Other Expense | $3,434,340 |
| Ending Balance | $17,263,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
International Spy Museum Washington, DC | $139,621,736 | $22,140,962 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |