Form 990 for tax year 2023

1b · Membership dues

$22,838

1e · Government grants (contributions)

$1,104,068

1f · All other contributions, gifts and grants

$168,264

2a · Program service revenue: VESSEL USE

total $240,908 · related or exempt $240,908

3 · Investment income

total $759 · excluded $759

7a · Gross sales of assets other than inventory

securities $17,000

7b · Less cost or other basis and sales expenses

securities $12,538

7c · Gain or loss

securities $4,462

7d · Net gain or loss

total $4,462 · excluded $4,462

10a · Gross sales of inventory

$17,922

10b · Cost of goods sold

$10,227

10c · Net income from sales of inventory

total $7,695 · related or exempt $7,695

11a · Other revenue: MISCELLANEOUS

total $3,399 · excluded $3,399

11e · Other revenue, total

$3,399

5 · Compensation of officers, directors and key employees

total $142,411 · program services $71,206 · management and general $28,482 · fundraising $42,723

7 · Other salaries and wages

total $640,919 · program services $559,462 · management and general $55,286 · fundraising $26,171

8 · Pension plan contributions

total $14,334 · program services $12,831 · management and general $1,140 · fundraising $363

9 · Other employee benefits

total $31,300 · program services $27,547 · management and general $2,631 · fundraising $1,122

10 · Payroll taxes

total $57,350 · program services $46,425 · management and general $6,056 · fundraising $4,869

11c · Fees: accounting

total $13,699 · management and general $13,699

11g · Fees: other

total $144,435 · program services $74,381 · management and general $18,503 · fundraising $51,551

12 · Advertising and promotion

total $215 · program services $215

13 · Office expenses

total $36,534 · program services $29,577 · management and general $3,855 · fundraising $3,102

14 · Information technology

total $21,873 · program services $17,706 · management and general $2,310 · fundraising $1,857

16 · Occupancy

total $38,189 · program services $30,914 · management and general $4,033 · fundraising $3,242

20 · Interest

total $18,670 · management and general $18,670

22 · Depreciation, depletion and amortization

total $44,215 · program services $42,969 · management and general $1,246

23 · Insurance

total $54,031 · program services $43,738 · management and general $5,706 · fundraising $4,587

24a · Other expenses: VESSEL EXPENSES

total $306,297 · program services $306,297

1 · Cash, non-interest-bearing

beginning of year $116,230 · end of year $60,664

3 · Pledges and grants receivable

beginning of year $582,500 · end of year $512,574

4 · Accounts receivable

end of year $204,921

8 · Inventories for sale or use

beginning of year $7,084 · end of year $3,908

9 · Prepaid expenses and deferred charges

beginning of year $11,915 · end of year $7,915

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

$1,343,432

10b · Land, buildings and equipment: accumulated depreciation

$404,146

10c · Land, buildings and equipment, net

beginning of year $925,950 · end of year $939,286

11 · Investments: publicly traded securities

beginning of year $35,773 · end of year $9,509

15 · Other assets

beginning of year $46,128 · end of year $189,967

17 · Accounts payable and accrued expenses

beginning of year $86,788 · end of year $265,758

19 · Deferred revenue

beginning of year $53,394 · end of year $31,913

23 · Secured mortgages and notes payable

beginning of year $196,129 · end of year $244,628

25 · Other liabilities

beginning of year $43,413 · end of year $54,153

27 · Net assets without donor restrictions

beginning of year $1,306,856 · end of year $1,309,792

28 · Net assets with donor restrictions

beginning of year $39,000 · end of year $22,500