Maritime And Seafood Industry Museum Of Biloxi Inc
- Assets
- $5.1m
- Revenue
- $662.4k
- Investments
- $0.0
- Employees
- 24
- Location
- Biloxi, MS
- Founding
- 01/1984
- Data as of
- 09/2020
- EIN
- 64-0678510
Organization Overview
Maritime And Seafood Industry Museum Of Biloxi Inc is located in Biloxi, MS. The organization was established in 1984. 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 09/2021, Maritime And Seafood Industry Museum Of Biloxi Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maritime And Seafood Industry Museum Of Biloxi 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 09/2020, Maritime And Seafood Industry Museum Of Biloxi Inc generated $662.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $662.2k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND INTERPRET THE MARITIME HISTORY AND HERITAGE OF BILOXI AND THE MISSISSIPPI GULF COAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM BENEFITS THE COMMUNITY BY PRESERVING THE HERITAGE OF THE MARITIME AND SEAFOOD INDUSTRY ON THE MISSISSIPPI GULF COAST.
SCHOONERS OFFER EDUCATIONAL TOURS AND CHARTERS ARE AVAILABLE TO THE PUBLIC.
SEA-N-SAIL CAMP OFFERS LOCAL CHILDREN AND VISITORS A CHANCE TO LEARN ABOUT THE MARITIME INDUSTRY THROUGH A WEEK-LONG CAMP DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Krohn David Executive Director | Trustee | 40 | $93,787 |
Kim Ross Bush President | OfficerTrustee | 0 | $0 |
Dale Gollott Vice President | OfficerTrustee | 0 | $0 |
Jeffery Ellis Board Member | OfficerTrustee | 0 | $0 |
Kyle Tootle Board Member | Trustee | 0 | $0 |
Leo Manuel Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,063 |
| Investment income | $284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$133,154 |
| Net Gain/Loss on Asset Sales | $344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,392 |
| Statement of Expenses | |
|---|---|
| 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. | $93,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,118 |
| Pension plan accruals and contributions | $2,100 |
| Other employee benefits | $0 |
| Payroll taxes | $22,246 |
| 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 | $0 |
| Fees for services: Other | $16,031 |
| Advertising and promotion | $28,496 |
| Office expenses | $17,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,986 |
| Insurance | $102,431 |
| All other expenses | $0 |
| Total functional expenses | $662,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,057 |
| Savings and temporary cash investments | $43,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,380 |
| Prepaid expenses and deferred charges | $21,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,129,154 |
| Accounts payable and accrued expenses | $18,342 |
| 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 | $53,500 |
| Total liabilities | $71,842 |
| 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 |
| Total liabilities and net assets/fund balances | $5,057,312 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maritime And Seafood Industry Museum Of Biloxi Inc has recieved totaling $22,079.
| Awarding Organization | Amount |
|---|---|
Leo Seal Family Foundation Bay St Louis, MS PURPOSE: SUPPORT OF EDUCATION AND CULTURAL MUSEUM | $22,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Endowment Analysis
| Beg. Balance | $22,653 |
| Earnings | $16 |
| Ending Balance | $22,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
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 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
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 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |
The Ogden Museum Of Southern Art Inc New Orleans, LA | $9,894,768 | $3,382,497 |
Museum Of Discovery Little Rock, AR | $11,251,257 | $7,522,016 |
Mast Inc Pearlington, MS | $21,017,429 | $1,438,366 |