Maritime And Seafood Industry Museum Of Biloxi Inc
- Assets
- $7.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Biloxi, MS
- Founding
- 01/1984
- Data as of
- 09/2023
- 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 09/2023, Maritime And Seafood Industry Museum Of Biloxi Inc employed 29 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 09/2023, Maritime And Seafood Industry Museum Of Biloxi Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $739.2k during the year ending 09/2023. 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
2023
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:
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 | $101,693 |
Kyle Tootle Board Member | Trustee | 0 | $0 |
Kim Ross Bush Board Member | Trustee | 0 | $0 |
Jeffery Ellis Board Member | Trustee | 0 | $0 |
Leo Manuel Board Member | Trustee | 0 | $0 |
Dale Gollott President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,450 |
| Fundraising events | $190,327 |
| Related organizations | $0 |
| Government grants | $1,938,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,206,351 |
| Total Program Service Revenue | $311,888 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$144,505 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,711 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,437,783 |
| 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. | $101,694 |
| Compensation of current officers, directors, key employees. | $50,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,524 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $0 |
| Payroll taxes | $20,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,838 |
| Advertising and promotion | $4,054 |
| Office expenses | $29,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,798 |
| 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 | $97,102 |
| Insurance | $85,854 |
| All other expenses | $10,177 |
| Total functional expenses | $739,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,132 |
| Savings and temporary cash investments | $62,121 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $762,284 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,022 |
| Prepaid expenses and deferred charges | $25,804 |
| Net Land, buildings, and equipment | $6,577,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,513,251 |
| Accounts payable and accrued expenses | $432,143 |
| 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 | $350,055 |
| Total liabilities | $782,198 |
| Net assets without donor restrictions | $6,708,292 |
| Net assets with donor restrictions | $22,761 |
| 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 | $7,513,251 |