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Nonprofiteer
← NEW BEDFORD FISHING HERITAGE CENTER INC

Form 990 for tax year 2024

Filed by NEW BEDFORD FISHING HERITAGE CENTER INC.

Totals

Total revenue
$340,998
Total expenses
$422,635
Contributions and grants received
$266,191
Grants paid
$0
Program service revenue
$64,618
Investment income
$4,484
Other revenue
$5,705
Total assets, end of year
$191,903
Total liabilities, end of year
$28,758
Net assets or fund balances, end of year
$163,145
Program services expenses (Part IX)
$374,512
Management and general expenses
$26,606
Fundraising expenses
$21,517
Program service expenses (Part III)
$374,512

Program services were 88.6% 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

    $38,730

  • 1c · Fundraising events

    $29,527

  • 1e · Government grants (contributions)

    $70,519

  • 1f · All other contributions, gifts and grants

    $127,415

  • 1g · Noncash contributions included above

    $45,340

  • 2a · Program service revenue: Programs and events

    total $55,390 · related or exempt $55,390

  • 2b · Program service revenue: Admissionsother income

    total $9,228 · related or exempt $9,228

  • 3 · Investment income

    total $4,484 · related or exempt $4,484

  • 8a · Fundraising events: gross income

    $39,905

  • 8a · Fundraising events: contributions included on line 1c

    $29,527

  • 8b · Fundraising events: direct expenses

    $42,064

  • 8c · Net income from fundraising events

    total -$2,159 · excluded -$2,159

  • 10a · Gross sales of inventory

    $15,488

  • 10b · Cost of goods sold

    $7,624

  • 10c · Net income from sales of inventory

    total $7,864 · related or exempt $7,864

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · program services $42,000 · management and general $9,000 · fundraising $9,000

  • 7 · Other salaries and wages

    total $86,574 · program services $76,333 · management and general $2,793 · fundraising $7,448

  • 9 · Other employee benefits

    total $4,991 · program services $3,833 · management and general $568 · fundraising $590

  • 10 · Payroll taxes

    total $11,915 · program services $9,619 · management and general $959 · fundraising $1,337

  • 11c · Fees: accounting

    total $5,568 · management and general $5,568

  • 12 · Advertising and promotion

    total $1,182 · program services $768 · fundraising $414

  • 13 · Office expenses

    total $13,447 · program services $10,265 · management and general $454 · fundraising $2,728

  • 14 · Information technology

    total $1,869 · program services $1,681 · management and general $188

  • 16 · Occupancy

    total $43,251 · program services $38,926 · management and general $4,325

  • 17 · Travel

    total $4,293 · program services $2,146 · management and general $2,147

  • 22 · Depreciation, depletion and amortization

    total $377 · program services $377

  • 23 · Insurance

    total $3,067 · program services $2,761 · management and general $306

  • 24a · Other expenses: Programming expenses

    total $125,261 · program services $125,261

  • 24b · Other expenses: Exhibit development

    total $54,117 · program services $54,117

  • 24c · Other expenses: Repairs and maintenance

    total $2,976 · program services $2,678 · management and general $298

  • 24d · Other expenses: Supplies

    total $3,747 · program services $3,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,782 · end of year $41,691

  • 2 · Savings and temporary cash investments

    beginning of year $105,041 · end of year $78,825

  • 3 · Pledges and grants receivable

    beginning of year $71,892 · end of year $52,592

  • 8 · Inventories for sale or use

    beginning of year $5,443 · end of year $5,249

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

    $31,824

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

    $30,842

  • 10c · Land, buildings and equipment, net

    beginning of year $6,037 · end of year $982

  • 15 · Other assets

    beginning of year $46,539 · end of year $12,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,215 · end of year $14,524

  • 19 · Deferred revenue

    beginning of year $1,520 · end of year $1,670

  • 25 · Other liabilities

    beginning of year $46,539 · end of year $12,564

  • 27 · Net assets without donor restrictions

    beginning of year $118,802 · end of year $135,604

  • 28 · Net assets with donor restrictions

    beginning of year $130,658 · end of year $27,541

Mission and programs · 2024

Mission

The Center is dedicated to educating the public about the fishing industry past, present, and future, and preserving and presenting the story of the fishing industry through exhibits, programs, and archives.

  • The Center presents a variety of educational programs to school and tour groups and the general public inluding a free summer camp, monthly documentary films, a speaker series, walking tours, lectures, craft and cooking classes, as well as special events such as festivals and conferences. Our exhibits include a permanent exhibit and 2-4 gallery exhibits developed and presented annually. We have an ongoing community documentation project conducting and transcribing oral history interviews with members of the fishing community. Additionally, we maintain a digital archive of scanned photographs and documents from the fishing community. We also host fishing community events and industry meetings. Program expenses include staff time, program supplies, printing, graphics design, honoraria for presenters, and other related expenses.

    Expenses $374,512 · Revenue $64,618

As filed on the 2024 return.

Listed in Part VII

  • Cassie Canastra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Farrar

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • David Frank

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Pol

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Pagliuca

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Smiler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stacy Alexander-Nevells

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brendan Mitchell

    Board Chairman

    Total calculated
    $0
    Hours/week
    2

  • Nancy Harding

    Vice Chairman

    Total calculated
    $0
    Hours/week
    4

  • Ed Sylvia

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Debra Kelsey

    Secretary

    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
9 May 2025
IRS schema version
2024v5.1
Source object
202541339349302869

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