Totals
- Total revenue
- $643,885
- Total expenses
- $817,056
- Contributions and grants received
- $419,360
- Grants paid
- $0
- Program service revenue
- $105,205
- Investment income
- $83
- Other revenue
- $119,237
- Total assets, end of year
- $2,237,353
- Total liabilities, end of year
- $422,492
- Net assets or fund balances, end of year
- $1,814,861
- Program services expenses (Part IX)
- $582,081
- Management and general expenses
- $234,975
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $582,081
Program services were 71.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$8,788
-
1f · All other contributions, gifts and grants
$410,572
-
2a · Program service revenue: SHIP CHARTERS
total $105,205 · related or exempt $105,205
-
3 · Investment income
total $83 · excluded $83
-
8a · Fundraising events: gross income
$160,799
-
8b · Fundraising events: direct expenses
$42,950
-
8c · Net income from fundraising events
total $117,849 · excluded $117,849
-
10a · Gross sales of inventory
$10,564
-
10b · Cost of goods sold
$9,176
-
10c · Net income from sales of inventory
total $1,388 · related or exempt $1,388
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $334,359 · program services $173,843 · management and general $160,516
-
9 · Other employee benefits
total $21,477 · program services $21,477
-
10 · Payroll taxes
total $27,915 · program services $14,516 · management and general $13,399
-
11c · Fees: accounting
total $8,625 · management and general $8,625
-
11g · Fees: other
total $16,680 · program services $1,351 · management and general $15,329
-
12 · Advertising and promotion
total $5,894 · program services $5,894
-
13 · Office expenses
total $4,384 · management and general $4,384
-
14 · Information technology
total $9,917 · program services $9,917
-
16 · Occupancy
total $25,333 · program services $25,333
-
19 · Conferences, conventions and meetings
total $7,191 · program services $7,191
-
20 · Interest
total $25,022 · program services $15,784 · management and general $9,238
-
22 · Depreciation, depletion and amortization
total $156,786 · program services $156,786
-
23 · Insurance
total $51,342 · program services $47,069 · management and general $4,273
-
24a · Other expenses: VESSEL EXPENSES
total $87,514 · program services $87,514
-
24b · Other expenses: BANK AND CREDIT CARD CH
total $9,306 · program services $9,306
-
24c · Other expenses: COMPUTER EXPENSES
total $8,680 · management and general $8,680
-
24d · Other expenses: STORAGE
total $4,680 · management and general $4,680
-
24e · All other expenses
total $11,951 · program services $6,100 · management and general $5,851
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $164,827 · end of year $94,967
-
2 · Savings and temporary cash investments
beginning of year $35,427 · end of year $67,744
-
3 · Pledges and grants receivable
end of year $19,289
-
4 · Accounts receivable
beginning of year $455 · end of year $810
-
8 · Inventories for sale or use
beginning of year $5,055 · end of year $4,841
-
9 · Prepaid expenses and deferred charges
beginning of year $4,334 · end of year $5,667
-
10a · Land, buildings and equipment: cost or other basis
$5,178,045
-
10b · Land, buildings and equipment: accumulated depreciation
$3,134,010
-
10c · Land, buildings and equipment, net
beginning of year $2,200,821 · end of year $2,044,035
-
15 · Other assets
beginning of year $200
-
17 · Accounts payable and accrued expenses
beginning of year $6,782 · end of year $25,640
-
23 · Secured mortgages and notes payable
beginning of year $266,405 · end of year $246,852
-
24 · Unsecured notes and loans payable
beginning of year $149,900 · end of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $1,953,501 · end of year $1,747,117
-
28 · Net assets with donor restrictions
beginning of year $34,531 · end of year $67,744
Mission and programs · 2022
Mission
PRESERVATION OF THE SCHOONER "ADVENTURE"
Activities or mission (Part I)
TO INFORM THE GENERAL PUBLIC ABOUT SCHOONERS AND THEIR PLACE IN HISTORY. FURTHER, THE PRESERVATION OF THE SCHOONER ADVENTURE.
-
TO PRESERVE THE SCHOONER ADVENTURE AS A LIVING SYMBOL OF AMERICA'S MARITIME HERITAGE, AND AS A COMMUNITY RESOURCE FOR EDUCATIONAL PROGRAMMING FOCUSING ON MARITIME,CULTURAL, AND ENVIRONMENTAL ISSUES
Expenses $582,081 · Revenue $419,370
As filed on the 2022 return.
Listed in Part VII
-
John MorrisJOHN MORRIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
William BartonWILLIAM BARTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Tom DexterTOM DEXTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Greg BoverGREG BOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
David O'HaraDAVID O'HARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William WhitneyWILLIAM WHITNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David RhinelanderDAVID RHINELANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margot HintlianMARGOT HINTLIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Elizabeth RhinelanderELIZABETH RHINELANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth RiafKENNETH RIAF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim TaylorJIM TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan JacquesJONATHAN JACQUES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pamela BynumPAMELA BYNUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Dan GulianoDAN GULIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John ThompsonJOHN THOMPSON
VICE PRESIDENT-DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 5
-
Peter MadsenPETER MADSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter SouzaPETER SOUZA
VICE PRESIDENT-OPERATIONS
- Total calculated
- $0
- Hours/week
- 8
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400239349300930
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