Greater Reedville Association Inc
- Assets
- $1.8m
- Revenue
- $285.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Reedville, VA
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 54-1387549
Organization Overview
Greater Reedville Association Inc, operating under the name Reedville Fishermen's Museum, is located in Reedville, VA. The organization was established in 1987. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Reedville Fishermen's Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reedville Fishermen's 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 12/2022, Reedville Fishermen's Museum generated $285.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $309.2k during the year ending 12/2022. 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
TO SUPPORT EDUCATIONAL, MUSEUM, HISTORIC PRESERVATION, AND RECREATIONAL ACTIVITIES THAT IMPROVE THE QUALITY OF LIFE OF AREA RESIDENTS AND VISITORS INCLUDING ACTIVITIES TO ACQUIRE, DOCUMENT, AND DISPLAY MATERIALS THAT ARE HISTORICALLY IMPORTANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OFFERS HISTORICAL EXHIBITS TO PERSERVE THE HERITAGE OF MARITIME HISTORY OF THE LOWER CHESAPEAKE BAY AND WATERMEN WHO PLIED THEIR TRADE.
MUSEUM FLEET - ACCESSIBLE MUSEUM EXHIBITS VIEWED BY VISITORS AS PART OF THEIR WALKING TOUR. VISITORS MAY ALSO RIDE IN THE VESSELS TO OBSERVE THE CHESAPEAKE BAY AND WORKING WATERMEN.
EDUCATION - THERE ARE SEVERAL EVENTS WHICH VISTORS AND FAMILY MEMBERS CAN LEARN ABOUT AND CREATE THEIR OWN ART THAT CAN BE DISPLAYED AS PART OF THE MUSEUM TOUR. THE BOAT SHOP AND MODEL SHOP AND THE VOLUNTEERS WHO MAN THEM ARE THE MEANS BY WHICH THE EDUCATIONAL EVENTS ARE CONDUCTED FOR THE GENERAL PUBLIC. THE MODEL SHOP ITSELF IS ALSO AN EXHIBIT ON THE MUSEUM TOUR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Haynie President | OfficerTrustee | 5 | $0 |
Susan Owens Vice Preside | OfficerTrustee | 5 | $0 |
Kenneth Hurst Treasurer | OfficerTrustee | 5 | $0 |
Janet Ridgely Secretary | OfficerTrustee | 10 | $0 |
Katie Crowther Director | Trustee | 2 | $0 |
Taylor Deihl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,094 |
| Fundraising events | $13,553 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,386 |
| Total Program Service Revenue | $20,337 |
| Investment income | $13,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $154 |
| Net Rental Income | -$31,090 |
| Net Gain/Loss on Asset Sales | $12,022 |
| Net Income from Fundraising Events | $65,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,741 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,380 |
| 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 | $117,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,058 |
| Payroll taxes | $10,060 |
| Fees for services: Management | $5,265 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,258 |
| Advertising and promotion | $4,952 |
| Office expenses | $4,193 |
| Information technology | $3,132 |
| Royalties | $0 |
| Occupancy | $24,314 |
| Travel | $49 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,341 |
| Insurance | $38,734 |
| All other expenses | $17,466 |
| Total functional expenses | $309,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,499 |
| Savings and temporary cash investments | $85,409 |
| 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 | $6,263 |
| Prepaid expenses and deferred charges | $26,907 |
| Net Land, buildings, and equipment | $944,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $716,536 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,781,200 |
| 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 | $219 |
| Total liabilities | $219 |
| Net assets without donor restrictions | $1,711,797 |
| Net assets with donor restrictions | $69,184 |
| 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 | $1,781,200 |