Totals
- Total revenue
- $3,237,806
- Total expenses
- $3,866,418
- Contributions and grants received
- $1,304,322
- Grants paid
- $0
- Program service revenue
- $1,200,718
- Investment income
- $353,410
- Other revenue
- $379,356
- Total assets, end of year
- $17,229,271
- Total liabilities, end of year
- $746,171
- Net assets or fund balances, end of year
- $16,483,100
- Program services expenses (Part IX)
- $2,815,941
- Management and general expenses
- $570,625
- Fundraising expenses
- $479,852
- Program service expenses (Part III)
- $2,815,941
Program services were 72.8% 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
$247,122
-
1e · Government grants (contributions)
$37,313
-
1f · All other contributions, gifts and grants
$1,019,887
-
1g · Noncash contributions included above
$138,131
-
2a · Program service revenue: Education & Public Programs
total $799,514 · related or exempt $799,514
-
2b · Program service revenue: Admissions
total $401,204 · related or exempt $401,204
-
3 · Investment income
total $145,663 · excluded $145,663
-
6a · Gross rents
real property $66,744
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $66,744
-
6d · Net rental income or loss
total $66,744 · excluded $66,744
-
7a · Gross sales of assets other than inventory
securities $1,281,391 · other assets $211
-
7b · Less cost or other basis and sales expenses
securities $1,073,855 · other assets $0
-
7c · Gain or loss
securities $207,536 · other assets $211
-
7d · Net gain or loss
total $207,747 · excluded $207,747
-
8a · Fundraising events: gross income
$339,729
-
8b · Fundraising events: direct expenses
$213,858
-
8c · Net income from fundraising events
total $125,871 · excluded $125,871
-
10a · Gross sales of inventory
$278,838
-
10b · Cost of goods sold
$128,998
-
10c · Net income from sales of inventory
total $149,840 · excluded $149,840
-
11d · All other revenue
total $36,901 · related or exempt $36,901
-
11e · Other revenue, total
$36,901
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $136,709 · program services $38,278 · management and general $98,431
-
7 · Other salaries and wages
total $1,560,833 · program services $1,058,158 · management and general $199,000 · fundraising $303,675
-
8 · Pension plan contributions
total $74,091 · program services $51,457 · management and general $7,894 · fundraising $14,740
-
9 · Other employee benefits
total $126,247 · program services $90,497 · management and general $12,710 · fundraising $23,040
-
10 · Payroll taxes
total $140,337 · program services $95,330 · management and general $21,409 · fundraising $23,598
-
11g · Fees: other
total $190,030 · program services $124,726 · management and general $38,278 · fundraising $27,026
-
12 · Advertising and promotion
total $68,214 · program services $53,026 · management and general $424 · fundraising $14,764
-
13 · Office expenses
total $15,804 · program services $1,587 · management and general $1,216 · fundraising $13,001
-
14 · Information technology
total $151,206 · program services $100,655 · management and general $25,519 · fundraising $25,032
-
16 · Occupancy
total $192,123 · program services $192,123
-
17 · Travel
total $11,890 · program services $8,612 · management and general $3,073 · fundraising $205
-
19 · Conferences, conventions and meetings
total $7,025 · program services $5,896 · management and general $750 · fundraising $379
-
20 · Interest
total $25,466 · management and general $25,466
-
22 · Depreciation, depletion and amortization
total $582,015 · program services $582,015
-
23 · Insurance
total $156,221 · program services $58,985 · management and general $97,236
-
24a · Other expenses: Repairs and Maintenance
total $186,009 · program services $183,051 · management and general $2,958
-
24b · Other expenses: Materials and Supplies
total $107,115 · program services $89,782 · management and general $8,223 · fundraising $9,110
-
24c · Other expenses: Fees
total $66,693 · program services $43,919 · management and general $8,265 · fundraising $14,509
-
24d · Other expenses: Dues
total $15,090 · program services $5,506 · management and general $8,820 · fundraising $764
-
24e · All other expenses
total $53,300 · program services $32,338 · management and general $10,953 · fundraising $10,009
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,787 · end of year $40,089
-
3 · Pledges and grants receivable
beginning of year $450 · end of year $86,197
-
4 · Accounts receivable
beginning of year $46,691 · end of year $36,722
-
8 · Inventories for sale or use
beginning of year $185,511 · end of year $50,724
-
9 · Prepaid expenses and deferred charges
beginning of year $158,956 · end of year $211,388
-
10a · Land, buildings and equipment: cost or other basis
$17,939,563
-
10b · Land, buildings and equipment: accumulated depreciation
$10,511,688
-
10c · Land, buildings and equipment, net
beginning of year $7,689,076 · end of year $7,427,875
-
11 · Investments: publicly traded securities
beginning of year $8,506,387 · end of year $8,874,216
-
15 · Other assets
beginning of year $476,292 · end of year $502,060
-
17 · Accounts payable and accrued expenses
beginning of year $159,653 · end of year $255,350
-
19 · Deferred revenue
beginning of year $137,654 · end of year $121,494
-
23 · Secured mortgages and notes payable
beginning of year $217,709 · end of year $369,327
-
27 · Net assets without donor restrictions
beginning of year $9,404,808 · end of year $9,331,308
-
28 · Net assets with donor restrictions
beginning of year $7,147,326 · end of year $7,151,792
Mission and programs · 2024
Mission
To connect people to the past, present, and future of Maine's waterways and their global reach.
Activities or mission (Part I)
Historical and Educational Museum.
-
Collections and Exhibits - Includes all items relating to maritime history primarily in Maine. Paintings and other artwork, rigged models, half hulls, tools used in maritime industries, navigating equipment, ship parts and watercraft on display. Exhibits include historic buildings and period displays of maritime life during the late 1800's. Includes the preservation of both new and existing displays.Education & Public Programs Lecture series, symposiums, adult and youth classes, school programs, senior college programs, summer shipyard activities, volunteer support programs, family programs, museum trips, summer camps, trolley tours of Bath Iron Works, and other guided tours are all part of the education and public programs.Lighthouse, Nature, and Bath Iron Works cruises - These tours explore the Kennebec River, Merrymeeting Bay, and the Maine Mid-Coast region. Bath Iron Works and historical lighthouses can be viewed from the water. Bald eagles, osprey, seals, fishermen, and the natural beauty of Maine's coast can be seen.
Expenses $2,815,941 · Revenue $1,237,619
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom Whelan
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Loren Wright
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ross Burgess
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Lon Povich
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Greger Anderson
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
William Brennan
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Laura Burns
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Tess Chakkalakal
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Joe Drago
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Susan Duncan
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
John Eraklis
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kristin Fletcher
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Ray Hender
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Leonard Langer
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Moller
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
John Morse
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Perry
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Carl Rapp
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Tom Sturgeon
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Nancy Wilkes
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Victoria Willock
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
John Zittel
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Chris Timm
Executive Director
- Total calculated
- $136,709
- From this org
- $120,144
- From related orgs
- $0
- Other
- $16,565
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531679349300858
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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