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Nonprofiteer
← TEXAS MARITIME MUSEUM ASSOCIATION INC

Form 990 for tax year 2024

Filed by TEXAS MARITIME MUSEUM ASSOCIATION INC.

Totals

Total revenue
$865,694
Total expenses
$813,770
Contributions and grants received
$749,302
Grants paid
$0
Program service revenue
$16,339
Investment income
$4,704
Other revenue
$95,349
Total assets, end of year
$1,959,744
Total liabilities, end of year
$149,258
Net assets or fund balances, end of year
$1,810,486
Program services expenses (Part IX)
$449,991
Management and general expenses
$363,779
Fundraising expenses
$0
Program service expenses (Part III)
$449,991

Program services were 55.3% 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

    $17,155

  • 1e · Government grants (contributions)

    $659,788

  • 1f · All other contributions, gifts and grants

    $72,359

  • 2a · Program service revenue: ADMISSION INCOME

    total $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MISCELLANEOUS

    total $16,339 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,704 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $233,771

  • 8b · Fundraising events: direct expenses

    $152,569

  • 8c · Net income from fundraising events

    total $81,202 · unrelated business $0 · excluded $81,202

  • 10a · Gross sales of inventory

    $20,595

  • 10b · Cost of goods sold

    $6,448

  • 10c · Net income from sales of inventory

    total $14,147 · related or exempt $14,147

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $77,284 · program services $38,642 · management and general $38,642 · fundraising $0

  • 7 · Other salaries and wages

    total $232,138 · program services $116,069 · management and general $116,069 · fundraising $0

  • 11c · Fees: accounting

    total $28,645 · program services $0 · management and general $28,645 · fundraising $0

  • 11g · Fees: other

    total $84,005 · program services $84,005 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,892 · program services $0 · management and general $4,892 · fundraising $0

  • 16 · Occupancy

    total $49,399 · program services $29,639 · management and general $19,760 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $97,374 · program services $0 · management and general $97,374 · fundraising $0

  • 23 · Insurance

    total $64,851 · program services $32,425 · management and general $32,426 · fundraising $0

  • 24a · Other expenses: BANK SERVICE CHARGE

    total $2,028 · program services $0 · management and general $2,028 · fundraising $0

  • 24b · Other expenses: TAX & LICENSES

    total $48 · program services $0 · management and general $48 · fundraising $0

  • 24c · Other expenses: ADVERTISING

    total $49,280 · program services $49,280 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $123,826 · program services $99,931 · management and general $23,895 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,829 · end of year $243,749

  • 2 · Savings and temporary cash investments

    beginning of year $282,658 · end of year $16,642

  • 4 · Accounts receivable

    beginning of year $5,300 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $8,911 · end of year $9,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,768 · end of year $4,984

  • 10a · Land, buildings and equipment: cost or other basis

    $3,056,124

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,514,931

  • 10c · Land, buildings and equipment, net

    beginning of year $1,544,347 · end of year $1,541,193

  • 15 · Other assets

    beginning of year $146,186 · end of year $144,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,797 · end of year $41,269

  • 19 · Deferred revenue

    beginning of year $381,690 · end of year $107,989

  • 27 · Net assets without donor restrictions

    beginning of year $1,358,509 · end of year $1,645,013

  • 28 · Net assets with donor restrictions

    beginning of year $400,003 · end of year $165,473

Mission and programs · 2024

Mission

PRESERVATION OF MARITIME HISTORY THROUGH EXHIBITS AND EDUCATIONAL PROGRAMS.

  • THE TEXAS MARITIME MUSEUM RECEIVES NEARLY 20,000 VISITORS ANNUALLY FROM ACROSS TEXAS AND THE NATION. THE MUSEUM ATTRACTS ALL AGES, FROM SCHOOL CHILDREN TO THE ELDERLY, WHO TRAVEL TO ENJOY THE COASTAL BEND AND VISIT THE MUSEUM TO EXPLORE TEXAS MARITIME HISTORY AND CULTURE. THE TEXAS MARITIME MUSEUM OFFERS FREE ADMISSION TO ALL ITS VISITORS.

    Expenses $410,797

  • THE TEXAS MARITIME MUSEUM HAS A ROBUST EDUCATIONAL DEPARTMENT THAT OPERATES YEAR-ROUND. THESE PROGRAMS ARE STRUCTURED TO EDUCATE AND INSPIRE ALL AGES ABOUT TEXAS MARITIME HISTORY, INCLUDING H2ODYSSEY CAMP, THE WINTER LECTURE SERIES, AND ARCHEOLOGY DAY, TO NAME A FEW. ALONG WITH THE EDUCATION DEPARTMENT, THE TEXAS MARITIME MUSEUM PRODUCES ITS QUARTERLY NEWSLETTER, THE BEACON, FOR ITS MEMBERS. THIS NEWSLETTER PROVIDES ADDITIONAL INFORMATION ABOUT THE MUSEUM, NAUTICAL COMPREHENSION, MARITIME HISTORY, AND UPCOMING ACTIVITIES AND EVENTS.

    Expenses $39,194

As filed on the 2024 return.

Listed in Part VII

  • David Hattman

    BOARD OF TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas B Rodino

    Board of Trustee President

    Total calculated
    $0
    Hours/week
    4

  • Michael Ables

    EXECUTIVE DIRECTOR

    Total calculated
    $77,283
    From this org
    $77,283
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Hendrick

    Board of Trustee Vice President

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Kellar

    Board of Trustee Sec/Treas.

    Total calculated
    $0
    Hours/week
    1

  • Cecil Rousseau

    BOARD OF TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tabitha Brown

    BOARD OF TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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
21 March 2026
IRS schema version
2024v5.2
Source object
202600969349301315

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