Lake Pontchartrain Basin Maritime Museum Inc
- Assets
- $1.7m
- Revenue
- $544.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Madisonville, LA
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 72-1200018
Organization Overview
Lake Pontchartrain Basin Maritime Museum Inc is located in Madisonville, LA. The organization was established in 1992. 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 12/2022, Lake Pontchartrain Basin Maritime Museum Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Pontchartrain Basin Maritime Museum 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 12/2022, Lake Pontchartrain Basin Maritime Museum Inc generated $544.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $561.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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 ORGANIZATIONS MISSION IS TO PRESERVE THE MARINE, NAVAL, AND MARITIME HISTORY OF THE LAKE PONTCHARTRAIN BASIN, INCLUDING ITS CULTURAL HERITAGE. WE DO SO BY COLLECTING , PRESERVING, ANALYZING, INTERPRETING, AND EXHIBITING THESE CULTURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND EXHIBITS:TO PROVIDE AND MAINTAIN A MARITIME FACILITY THAT SERVES CHILDREN, FAMILIES, AND VISITORS AS A REPOSITORY TO PRESERVE THE MARINE, NAVAL AND MARITIME HISTORY AND CULTURAL HERITAGE OF THE LAKE PONTCHARTRAIN BASIN, LOWER MISSISSIPPI RIVER, AND THE GULF COAST BY COLLECTING, EXHIBITING AND INTEPRETING RECORDS,DOCUMENTS, MANUSCRIPTS, MAPS, PHOTOGRAPHS AND OTHER SIGNIFICANT MATERIAL THAT WILL ILLUSTRATE AND EXPLAIN THIS HISTORY AND THE VARIOUS INDUSTRIES ASSOCIATED WITH IT.
MARITIME RESEARCH AND EDUCATIONAL PROGRAMS: IN ASSOCIATION WITH SOUTHEASTERN LOUISIANA UNIVERSITY, TULANE UNIVERSITY, THE ST. TAMMANYPARISH SCHOOL SYSTEM, AND OTHERS WITH AN INTEREST IN HISTORY, MARITIME RELATED SCIENCES AND EDUCATION, THE MUSEUM ACTIVELY PURSUES THE RESEARCH MISSION THAT INITIALLY INSPIRED THE MUSEUMS FOUNDERS. THIS INCLUDES HISTORICAL RESEARCH, THE COLLECTION OF MARITIME RELATED ORAL HISTORIES, THE DEVELOPMENT OF SMALL UNDERWATER ROBOTS (TO INVESTIGATE LOCAL WATERS)TO INSPIRE LOCAL STUDENTS TO PURSUE THIS FASCINATING SCIENTIFIC FIELD. THIS IS A COLLABORATIVE PROGRAM FOR COLLEGE STUDENTS RELATED TO MUSEUM MANAGEMENT AND EXHIBIT CONSTRUCTION. THE ORGANIZATION ALSO PARTICIPATES IN OUTREACH PROGRAMS TO MAKE THE EXTREMELY INTERESTING, BUT LITTLE KNOWN, HISTORY OF THE AREA MORE READILY ACCESIBLE TO ALL.
WOODEN BOAT FESTIVAL:THIS EVENT IS HELD EACH YEAR TO PAY TRIBUTE TO THEHAND CRAFTED WOODEN BOATS OF THE GULF COAST REGION. HUNDREDS OF BOATS LINETHE BANKS OF THE TCHEFUNCTE RIVER WHILE THOUSANDS OF WOODEN BOATENTHUSIASTS CELEBRATE THE WONDERS OF WOOD AND WATER.
REMAINDER PROGRAM SERVICES - 2
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 |
|---|---|---|---|
Jim Macpherson Executive Director | 45 | $48,000 | |
Don Lynch Curator | Trustee | 0.25 | $0 |
Lynne Haase Board Member | Trustee | 0.1 | $0 |
Lora Haddox Board Member | Trustee | 0.25 | $0 |
Tony Zelenka Board Member | Trustee | 0.5 | $0 |
John Gniady Past President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,489 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,661 |
| Total Program Service Revenue | $317,564 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,384 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,423 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,883 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,953 |
| 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 | $51,767 |
| Advertising and promotion | $27,155 |
| Office expenses | $25,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,917 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,836 |
| Insurance | $50,283 |
| All other expenses | $65,706 |
| Total functional expenses | $561,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,631 |
| Savings and temporary cash investments | $145,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,951 |
| Prepaid expenses and deferred charges | $11,793 |
| Net Land, buildings, and equipment | $1,333,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,691,745 |
| Accounts payable and accrued expenses | $22,360 |
| Grants payable | $0 |
| Deferred revenue | $46,154 |
| 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 | $225,000 |
| Other liabilities | $11,553 |
| Total liabilities | $305,067 |
| Net assets without donor restrictions | $1,294,733 |
| Net assets with donor restrictions | $91,945 |
| 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 | $1,691,745 |