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Nonprofiteer
← HISTORIC SHIPS IN BALTIMORE INC

Form 990 for tax year 2022

Filed by HISTORIC SHIPS IN BALTIMORE INC.

Totals

Total revenue
$3,215,858
Total expenses
$2,206,924
Contributions and grants received
$1,944,104
Grants paid
$0
Program service revenue
$1,212,115
Investment income
$22,104
Other revenue
$37,535
Total assets, end of year
$6,064,681
Total liabilities, end of year
$2,160,094
Net assets or fund balances, end of year
$3,904,587
Program services expenses (Part IX)
$1,864,202
Management and general expenses
$342,722
Fundraising expenses
$0
Program service expenses (Part III)
$1,864,202

Program services were 84.5% 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.

  • 1e · Government grants (contributions)

    $1,469,710

  • 1f · All other contributions, gifts and grants

    $474,394

  • 2a · Program service revenue: TICKET SALES

    total $1,143,138 · related or exempt $1,143,138

  • 2b · Program service revenue: EDUCATION PROGRAMS

    total $68,977 · related or exempt $68,977

  • 3 · Investment income

    total $18,691 · excluded $18,691

  • 7a · Gross sales of assets other than inventory

    securities $201,364

  • 7b · Less cost or other basis and sales expenses

    securities $197,951

  • 7c · Gain or loss

    securities $3,413

  • 7d · Net gain or loss

    total $3,413 · excluded $3,413

  • 10a · Gross sales of inventory

    $83,121

  • 10b · Cost of goods sold

    $62,144

  • 10c · Net income from sales of inventory

    total $20,977 · related or exempt $20,977

  • 11a · Other revenue: INTERCOMPANY REVENUE

    total $16,558 · related or exempt $16,558

  • 11e · Other revenue, total

    $16,558

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $464,147 · program services $464,147

  • 8 · Pension plan contributions

    total $9,036 · program services $9,036

  • 9 · Other employee benefits

    total $10,346 · program services $10,346

  • 10 · Payroll taxes

    total $35,095 · program services $35,095

  • 11f · Fees: investment management

    total $5,764 · management and general $5,764

  • 11g · Fees: other

    total $73,715 · program services $73,715

  • 12 · Advertising and promotion

    total $30,047 · program services $30,047

  • 13 · Office expenses

    total $93,906 · program services $93,906

  • 16 · Occupancy

    total $23,706 · program services $23,706

  • 17 · Travel

    total $15,919 · program services $15,919

  • 19 · Conferences, conventions and meetings

    total $1,025 · program services $1,025

  • 20 · Interest

    total $10,943 · program services $10,943

  • 22 · Depreciation, depletion and amortization

    total $289,133 · program services $289,133

  • 23 · Insurance

    total $64,493 · program services $64,493

  • 24a · Other expenses: PARTNER EXPENSES

    total $584,638 · program services $584,638

  • 24b · Other expenses: INTERCOMPANY EXPENSE AL

    total $336,958 · management and general $336,958

  • 24c · Other expenses: EQUIPMENT MAINTENANCE

    total $36,372 · program services $36,372

  • 24d · Other expenses: CONTRACT SERVICES

    total $33,182 · program services $33,182

  • 24e · All other expenses

    total $88,499 · program services $88,499

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $54,853 · end of year $972,074

  • 4 · Accounts receivable

    beginning of year $31,727 · end of year $31,925

  • 8 · Inventories for sale or use

    beginning of year $61,917 · end of year $50,271

  • 9 · Prepaid expenses and deferred charges

    beginning of year $575 · end of year $770

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

    $8,141,812

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

    $4,128,467

  • 10c · Land, buildings and equipment, net

    beginning of year $3,009,647 · end of year $4,013,345

  • 11 · Investments: publicly traded securities

    beginning of year $1,138,123 · end of year $996,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,212 · end of year $794,713

  • 19 · Deferred revenue

    beginning of year $5,381 · end of year $11,486

  • 25 · Other liabilities

    beginning of year $1,182,431 · end of year $1,353,895

  • 27 · Net assets without donor restrictions

    beginning of year $1,357,592 · end of year $2,575,678

  • 28 · Net assets with donor restrictions

    beginning of year $1,699,226 · end of year $1,328,909

Mission and programs · 2022

Mission

HISTORIC SHIPS IN BALTIMORE PRESERVES AND MAINTAINS USS CONSTELLATION, USS TORSK, LS116 CHESAPEAKE, USCGC WHEC-37 AND THE SEVEN FOOT KNOLL LICENSE, ALL REGISTERED NATIONAL HISTORIC LANDMARKS, PROVIDING HISTORICAL INTERPRETATION AND HANDS-ON EDUCATION PROGRAMMING FOR THE GENERAL PUBLIC, SCHOOL AND YOUTH GROUPS.

Activities or mission (Part I)

HISTORIC SHIPS IN BALTIMORE PRESERVES AND MAINTAINS USS CONSTELLATION, USS TORSK, LV116 CHESAPEAKE, USCGC WHEC-37, AND THE SEVEN FOOT KNOLL LIGHTHOUSE, ALL REGISTERED NATIONAL HISTORIC LANDMARKS, PROVIDING HISTORICAL INTERPRETATION AND HANDS-ON EDUCATION PROGRAMMING FOR THE GENERAL PUBLIC, SCHOOL AND YOUTH GROUPS.

  • PRESERVES HISTORIC U.S. NAVY SAILING VESSELS AS MUSEUMS OPEN TO THE PUBLIC AND CONDUCTS EDUCATIONAL PROGRAMS.

    Expenses $1,864,202 · Revenue $1,212,115

  • PRESERVES HISTORIC U.S. NAVY SAILING VESSEL AS A MUSEUM OPEN TO THEPUBLIC AND CONDUCTS EDUCATIONAL PROGRAMS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • See Schedule O

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349316967

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