Virginia Beach Maritime Museum Inc, operating under the name Virginia Beach Surf & Rescue Museum, is located in Virginia Beach, VA. The organization was established in 1982. 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 06/2022, Virginia Beach Surf & Rescue Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Beach Surf & Rescue 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 06/2022, Virginia Beach Surf & Rescue Museum generated $176.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $176.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
THE ORGANIZATION OPERATES A MUSEUM THAT HONORS AND PRESERVES THE HISTORY OF VIRGINIA'S COASTAL COMMUNITIES AND MARITIME HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF VIRGINIA BEACH SURF & RESCUE MUSEUM
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dana Johnson-Sizemore Executive Di | Officer | 40 | $43,750 |
Benjamin Clarke Director | Trustee | 1 | $0 |
Geoff Cole Director | Trustee | 1 | $0 |
Jake Denton Director | Trustee | 1 | $0 |
Bill Gambrel Director | Trustee | 1 | $0 |
Ed Hopper Treasurer | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $24,000 |
Membership dues | $1,250 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $70,000 |
All other contributions, gifts, grants, and similar amounts not included above | $40,414 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $135,664 |
Total Program Service Revenue | $0 |
Investment income | $13 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $34,128 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $6,933 |
Miscellaneous Revenue | $0 |
Total Revenue | $176,738 |
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. | $59,375 |
Compensation of current officers, directors, key employees. | $19,791 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,121 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,283 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $898 |
Advertising and promotion | $2,934 |
Office expenses | $14,296 |
Information technology | $2,204 |
Royalties | $0 |
Occupancy | $0 |
Travel | $37 |
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 | $15,125 |
Insurance | $12,986 |
All other expenses | $2,784 |
Total functional expenses | $176,808 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $103,482 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $70,000 |
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 | $13,214 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $158,292 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $344,988 |
Accounts payable and accrued expenses | $19,782 |
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 | $0 |
Total liabilities | $19,782 |
Net assets without donor restrictions | $325,206 |
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 | $0 |
Total liabilities and net assets/fund balances | $344,988 |