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Nonprofiteer
← SAGINAW VALLEY NAVAL SHIP MUSEUM COMMITTEE

Form 990 for tax year 2022

Filed by SAGINAW VALLEY NAVAL SHIP MUSEUM COMMITTEE.

Totals

Total revenue
$179,656
Total expenses
$272,288
Contributions and grants received
$13,476
Grants paid
$0
Program service revenue
$166,180
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,193,348
Total liabilities, end of year
$370,487
Net assets or fund balances, end of year
$1,822,861
Program services expenses (Part IX)
$250,678
Management and general expenses
$21,324
Fundraising expenses
$286
Program service expenses (Part III)
$250,678

Program services were 92.1% 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.

  • 1f · All other contributions, gifts and grants

    $13,476

  • 1g · Noncash contributions included above

    $9,004

  • 2a · Program service revenue: ADMISSIONS AND MERCHAN

    total $166,180 · related or exempt $166,180

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $28,517 · program services $28,517

  • 10 · Payroll taxes

    total $1,444 · program services $1,444

  • 11b · Fees: legal

    total $15 · management and general $15

  • 11c · Fees: accounting

    total $5,120 · management and general $5,120

  • 12 · Advertising and promotion

    total $1,907 · program services $1,621 · fundraising $286

  • 13 · Office expenses

    total $16,362 · program services $9,817 · management and general $6,545

  • 16 · Occupancy

    total $22,656 · program services $15,859 · management and general $6,797

  • 20 · Interest

    total $5 · management and general $5

  • 22 · Depreciation, depletion and amortization

    total $81,429 · program services $81,429

  • 23 · Insurance

    total $51,495 · program services $51,495

  • 24a · Other expenses: INVENTORY

    total $26,921 · program services $26,921

  • 24b · Other expenses: SUPPLIES

    total $16,276 · program services $16,276

  • 24c · Other expenses: REPAIRS

    total $10,471 · program services $10,471

  • 24d · Other expenses: CONVENTION AND VISITOR

    total $6,207 · program services $6,207

  • 24e · All other expenses

    total $3,463 · program services $621 · management and general $2,842

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,999 · end of year $277,963

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

    $2,665,527

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

    $754,142

  • 10c · Land, buildings and equipment, net

    beginning of year $1,992,813 · end of year $1,911,385

  • 15 · Other assets

    beginning of year $4,000 · end of year $4,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,956 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $411,363 · end of year $370,487

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,915,493 · end of year $1,822,861

Mission and programs · 2022

Mission

TO OPERATE THE RETIRED USS EDSON DD946 AS A FLOATING MUSEUM, EDUCATIONAL SITE, AND HISTORICAL EXHIBIT

  • TO OPERATE THE USS EDSON AS A FLOATING MUSEUM, EDUCATIONAL SITE, AND A HISTORICAL EXHIBIT.

    Expenses $250,678 · Revenue $166,180

As filed on the 2022 return.

Listed in Part VII

  • MIKE BUDA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN DEWYSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL FOWLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL RANDALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT FRISKE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PETER GORZENSKI

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEFF HUNT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY KEGLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JERRY KUHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY POZNEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM REHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOUIS STEMPEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK HEBNER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 July 2023
IRS schema version
2022v5.0
Source object
202322199349300227

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