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← TEXAS MARITIME MUSEUM ASSOCIATION INC

Form 990 for tax year 2022

Filed by TEXAS MARITIME MUSEUM ASSOCIATION INC.

Totals

Total revenue
$517,438
Total expenses
$416,261
Contributions and grants received
$431,157
Grants paid
$0
Program service revenue
$45,357
Investment income
$852
Other revenue
$40,072
Total assets, end of year
$1,344,507
Total liabilities, end of year
$19,401
Net assets or fund balances, end of year
$1,325,106
Program services expenses (Part IX)
$235,777
Management and general expenses
$180,484
Fundraising expenses
$0
Program service expenses (Part III)
$235,777

Program services were 56.6% 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

    $8,065

  • 1c · Fundraising events

    $15,900

  • 1e · Government grants (contributions)

    $123,810

  • 1f · All other contributions, gifts and grants

    $283,382

  • 2a · Program service revenue: Admission Income

    total $41,419 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Education Events

    total $2,755 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Miscellaneous

    total $1,183 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $852 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $176,045

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

    $15,900

  • 8b · Fundraising events: direct expenses

    $137,575

  • 8c · Net income from fundraising events

    total $38,470 · unrelated business $0 · excluded $38,470

  • 10a · Gross sales of inventory

    $9,447

  • 10b · Cost of goods sold

    $7,845

  • 10c · Net income from sales of inventory

    total $1,602 · related or exempt $1,602

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $32,500 · management and general $32,500 · fundraising $0

  • 7 · Other salaries and wages

    total $82,202 · program services $48,387 · management and general $33,815 · fundraising $0

  • 9 · Other employee benefits

    total $13,445 · program services $13,445 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $11,401 · program services $6,271 · management and general $5,130 · fundraising $0

  • 11c · Fees: accounting

    total $15,450 · program services $0 · management and general $15,450 · fundraising $0

  • 12 · Advertising and promotion

    total $13,698 · program services $13,698 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,562 · program services $0 · management and general $5,562 · fundraising $0

  • 16 · Occupancy

    total $63,168 · program services $37,901 · management and general $25,267 · fundraising $0

  • 17 · Travel

    total $936 · program services $936 · management and general $0 · fundraising $0

  • 20 · Interest

    total $52 · program services $0 · management and general $52 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $41,769 · program services $0 · management and general $41,769 · fundraising $0

  • 24a · Other expenses: OPERATING SUPPLIES

    total $965 · program services $965 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $2,485 · program services $0 · management and general $2,485 · fundraising $0

  • 24c · Other expenses: TAX AND LICENSES

    total $20 · program services $0 · management and general $20 · fundraising $0

  • 24d · Other expenses: INSURANCE

    total $49,072 · program services $34,350 · management and general $14,722 · fundraising $0

  • 24e · All other expenses

    total $51,036 · program services $47,324 · management and general $3,712 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,529 · end of year $179,342

  • 2 · Savings and temporary cash investments

    beginning of year $120,014 · end of year $100,741

  • 4 · Accounts receivable

    beginning of year $1,000

  • 8 · Inventories for sale or use

    beginning of year $26,402 · end of year $24,197

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,395 · end of year $15,178

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

    $2,236,426

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

    $1,359,720

  • 10c · Land, buildings and equipment, net

    beginning of year $724,939 · end of year $876,706

  • 15 · Other assets

    beginning of year $150,502 · end of year $148,343

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,582 · end of year $19,401

  • 27 · Net assets without donor restrictions

    beginning of year $1,126,397 · end of year $1,170,667

  • 28 · Net assets with donor restrictions

    beginning of year $97,802 · end of year $154,439

Mission and programs · 2022

Mission

Preservation of Maritime history through exhibits and educational programs

  • Over 15,000 visitors tour the Museum annually. Many of these visitors are students on school tours and are admitted free or a reduced fee.

    Expenses $220,173 · Revenue $41,419

  • The Museum mails a quarterly newletter "THE LOGLINE" to its members. Monthly, the museum hosts a "BROWN BAG LUNCHEON" featuring a speaker who is associated with the maritime industry. These luncheons are open to the public and are one of the many ways in which the Museum continues to educate the public about maritime history.

    Expenses $15,604 · Revenue $6,392

As filed on the 2022 return.

Listed in Part VII

  • Justin Parkoff

    EXECUTIVE DIRECTOR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cody Revel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Garry Cate

    TREASURER

    Total calculated
    $15,450
    From this org
    $15,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Cecil Rousseau

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Karl Hattman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom York

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Keller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chad Lee

    DIRECTOR

    Total calculated
    $194,027
    From this org
    $194,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $194,027
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $194,027

  • Scot McKay

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Josh Nguyen

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

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
25 January 2024
IRS schema version
2022v5.0
Source object
202430259349300543

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