Form 990 for tax year 2022
Filed by RICHARDSON MARITIME MUSEUM INCORPORATED.
Totals
- Total revenue
- $64,183
- Total expenses
- $164,895
- Contributions and grants received
- $7,403
- Grants paid
- $0
- Program service revenue
- $51,381
- Investment income
- $1,357
- Other revenue
- $4,042
- Total assets, end of year
- $1,183,234
- Total liabilities, end of year
- $769,087
- Net assets or fund balances, end of year
- $414,147
- Program services expenses (Part IX)
- $91,877
- Management and general expenses
- $73,018
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $91,877
Program services were 55.7% 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.
-
1c · Fundraising events
$328
-
1f · All other contributions, gifts and grants
$7,075
-
2f · All other program service revenue
total $51,381 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,357 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$328
-
11d · All other revenue
total $4,042 · related or exempt $4,042 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$4,042
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $49,998 · program services $12,500 · management and general $37,498 · fundraising $0
-
10 · Payroll taxes
total $4,556 · program services $1,139 · management and general $3,417 · fundraising $0
-
11c · Fees: accounting
total $835 · program services $0 · management and general $835 · fundraising $0
-
11f · Fees: investment management
total $319 · program services $319 · management and general $0 · fundraising $0
-
11g · Fees: other
total $895 · program services $895 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $2,882 · program services $0 · management and general $2,882 · fundraising $0
-
13 · Office expenses
total $14,579 · program services $3,207 · management and general $11,372 · fundraising $0
-
16 · Occupancy
total $40,953 · program services $30,205 · management and general $10,748 · fundraising $0
-
18 · Travel or entertainment for public officials
total $96 · program services $96 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $149 · program services $0 · management and general $149 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $15,674 · program services $15,326 · management and general $348 · fundraising $0
-
23 · Insurance
total $13,722 · program services $9,605 · management and general $4,117 · fundraising $0
-
24a · Other expenses: CONTRACT SERVICES
total $15,281 · program services $15,281 · management and general $0 · fundraising $0
-
24b · Other expenses: MOVING COSTS
total $4,956 · program services $3,304 · management and general $1,652 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $203,878 · end of year $107,752
-
8 · Inventories for sale or use
beginning of year $1,786 · end of year $1,786
-
10a · Land, buildings and equipment: cost or other basis
$1,272,659
-
10b · Land, buildings and equipment: accumulated depreciation
$226,084
-
10c · Land, buildings and equipment, net
beginning of year $1,062,249 · end of year $1,046,575
-
15 · Other assets
beginning of year $31,476 · end of year $27,121
-
17 · Accounts payable and accrued expenses
beginning of year $590 · end of year $1,250
-
23 · Secured mortgages and notes payable
beginning of year $694,346 · end of year $683,637
-
24 · Unsecured notes and loans payable
beginning of year $84,200 · end of year $84,200
-
27 · Net assets without donor restrictions
beginning of year $351,437 · end of year $267,932
-
28 · Net assets with donor restrictions
beginning of year $168,816 · end of year $146,215
Mission and programs · 2022
Mission
The foundation is dedicated to preserving and promoting the wooden boatbuilding heritage of Maryland's Eastern Shore with a museum and a wooden boat building center.
-
TO PRESERVE AND PROMOTE THE BOAT BUILDING HERITAGE OF DORCHESTER COUNTY, MARYLAND AND THE CHESAPEAKE BAY AREA THROUGH RESEARCH, PRESERVATION, EXHIBITION OF ARTIFACTS AND ARCHIVES, AND AN EDUCATION FACILITY FOR THE MARINE TRADES.
Expenses $91,877 · Revenue $51,381
As filed on the 2022 return.
Listed in Part VII
-
MARTIN HARDY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
JAMES D BRIGHTON
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
DEBORAH USAB
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
WOODALL LABAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
PETER ZUKOSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349303525
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