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Nonprofiteer
← OCEAN CITY MUSEUM SOCIETY INC

Form 990 for tax year 2024

Filed by OCEAN CITY MUSEUM SOCIETY INC.

Totals

Total revenue
$431,225
Total expenses
$351,291
Contributions and grants received
$438,317
Grants paid
$0
Program service revenue
$25,374
Investment income
$8,505
Other revenue
-$40,971
Total assets, end of year
$1,297,071
Total liabilities, end of year
$234
Net assets or fund balances, end of year
$1,296,837
Program services expenses (Part IX)
$348,191
Management and general expenses
$3,100
Fundraising expenses
$0
Program service expenses (Part III)
$348,191

Program services were 99.1% 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.

  • 1b · Membership dues

    $8,226

  • 1e · Government grants (contributions)

    $271,727

  • 1f · All other contributions, gifts and grants

    $158,364

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $25,374 · related or exempt $25,374

  • 3 · Investment income

    total $8,505 · related or exempt $8,505

  • 8a · Fundraising events: gross income

    $9,870

  • 8b · Fundraising events: direct expenses

    $9,888

  • 8c · Net income from fundraising events

    total -$18

  • 10a · Gross sales of inventory

    $38,330

  • 10b · Cost of goods sold

    $79,283

  • 10c · Net income from sales of inventory

    total -$40,953 · unrelated business -$40,953

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $182,766 · program services $182,766

  • 11c · Fees: accounting

    total $3,100 · management and general $3,100

  • 12 · Advertising and promotion

    total $17,581 · program services $17,581

  • 22 · Depreciation, depletion and amortization

    total $13,156 · program services $13,156

  • 23 · Insurance

    total $15,134 · program services $15,134

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $40,929 · program services $40,929

  • 24b · Other expenses: SUPPLIES

    total $20,850 · program services $20,850

  • 24c · Other expenses: UTILITIES

    total $14,295 · program services $14,295

  • 24d · Other expenses: TELEPHONE

    total $9,409 · program services $9,409

  • 24e · All other expenses

    total $34,071 · program services $34,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,151 · end of year $44,367

  • 2 · Savings and temporary cash investments

    beginning of year $94,865 · end of year $76,335

  • 8 · Inventories for sale or use

    beginning of year $31,173 · end of year $37,088

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

    $1,331,298

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

    $604,971

  • 10c · Land, buildings and equipment, net

    beginning of year $759,201 · end of year $726,327

  • 14 · Intangible assets

    beginning of year $780

  • 15 · Other assets

    beginning of year $186,930 · end of year $412,954

  • 25 · Other liabilities

    beginning of year $193 · end of year $234

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,216,907 · end of year $1,296,837

Mission and programs · 2024

Mission

MUSEUM OPERATIONS

  • OPERATING TWO MUSEUMS IN OCEAN CITY, MARYLAND: THE OCEAN CITY LIFE SAVING STATION MUSEUM & THE MUSEUM OF OCEAN CITY, PROVIDING LECTURES AND TOURS REGARDING HISTORICAL INFORMATION ABOUT THE TOWN OF OCEAN CITY AND THE U.S. LIFE SAVING SERVICES (1875-1914), DISPLAYING ARTIFACTS.

    Expenses $344,156 · Revenue $25,374

  • OPERATING TWO MUSEUMS IN OCEAN CITY, MARYLAND: THE OCEAN CITY LIFE SAVING STATION MUSEUM & THE MUSEUM OF OCEAN CITY, PROVIDING LECTURES AND TOURS REGARDING HISTORICAL INFORMATION ABOUT THE TOWN OF OCEAN CITY AND THE U.S. LIFE SAVING SERVICES (1875-1914), DISPLAYING ARTIFACTS.

    Expenses $4,035

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Adeline Bradford

    DIRECTOR

    Total calculated
    $0
  • Anna Dolle Bushnell

    DIRECTOR

    Total calculated
    $0
  • John Fager

    DIRECTOR

    Total calculated
    $0
  • Lee Gerachis

    DIRECTOR

    Total calculated
    $0
  • Joanne Guilfoil

    SECRETARY

    Total calculated
    $0
  • Alfred Harrison

    DIRECTOR

    Total calculated
    $0
  • Joseph Kurtz

    DIRECTOR

    Total calculated
    $0
  • John Lynch

    DIRECTOR

    Total calculated
    $0
  • Hunter Bunk Mann

    DIRECTOR

    Total calculated
    $0
  • Michael Maykrantz

    PRESIDENT

    Total calculated
    $0
  • Joseph Moore

    BOARD ATTORN

    Total calculated
    $0
  • Shirley Moran

    DIRECTOR

    Total calculated
    $0
  • Larry Noccolino

    CITY REP

    Total calculated
    $0
  • Mabel Rogers

    VICE-PRESIDE

    Total calculated
    $0
  • Bob Rothermel

    DIRECTOR

    Total calculated
    $0
  • Stephanie Shockley

    TREASURER

    Total calculated
    $0
  • Adam Showell

    DIRECTOR

    Total calculated
    $0
  • Reid Tingle

    DIRECTOR

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.0
Source object
202640339349301204

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