Morattico Waterfront Museum
- Assets
- $360.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morattico, VA
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 80-0064672
Organization Overview
Morattico Waterfront Museum is located in Morattico, VA. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morattico Waterfront 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, Morattico Waterfront Museum generated $40.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $37.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO HONOR LIFE ON THE RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Henley President | 1.5 | $0 | |
John H Taylor VP | 1 | $0 | |
Debbie Saunders Treasurer | 2 | $0 | |
Betty Barrack Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,726 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,350 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,788 |
| Other Revenue | $350 |
| Total Revenue | $40,624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,795 |
| Printing, publications, postage, and shipping | $772 |
| Other expenses | $24,524 |
| Total expenses | $37,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,316 |
| Other assets | $0 |
| Total assets | $360,077 |
| Total liabilities | $0 |
| Net assets or fund balances | $360,077 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morattico Waterfront Museum has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Weston F Jr And Dorothy C Conley Family Charitable Foundatio Morattico, VA PURPOSE: COMMUNITY EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
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 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
Museum Of The Cherokee Indian Cherokee, NC | $7,226,404 | $1,829,995 |
International Bluegrass Music Museum Inc Owensboro, KY | $2,977,508 | $2,312,772 |