Totals
- Total revenue
- $894,749
- Total expenses
- $762,783
- Contributions and grants received
- $628,635
- Grants paid
- $0
- Program service revenue
- $126,194
- Investment income
- $4,107
- Other revenue
- $135,813
- Total assets, end of year
- $2,251,953
- Total liabilities, end of year
- $383,327
- Net assets or fund balances, end of year
- $1,868,626
- Program services expenses (Part IX)
- $688,915
- Management and general expenses
- $73,868
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $688,915
Program services were 90.3% 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
$26,643
-
1f · All other contributions, gifts and grants
$601,992
-
2a · Program service revenue: EDUCATION PROGRAMS/SHI
total $126,194 · related or exempt $126,194
-
3 · Investment income
total $4,107 · excluded $4,107
-
8a · Fundraising events: gross income
$178,240
-
8b · Fundraising events: direct expenses
$43,543
-
8c · Net income from fundraising events
total $134,697 · excluded $134,697
-
10a · Gross sales of inventory
$4,852
-
10b · Cost of goods sold
$3,736
-
10c · Net income from sales of inventory
total $1,116 · related or exempt $1,116
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $313,624 · program services $313,624
-
9 · Other employee benefits
total $14,376 · program services $14,376
-
10 · Payroll taxes
total $28,896 · program services $28,896
-
11c · Fees: accounting
total $14,750 · management and general $14,750
-
11g · Fees: other
total $12,168 · program services $1,825 · management and general $10,343
-
12 · Advertising and promotion
total $6,390 · program services $6,390
-
13 · Office expenses
total $4,555 · management and general $4,555
-
14 · Information technology
total $12,213 · management and general $12,213
-
20 · Interest
total $16,030 · program services $4,125 · management and general $11,905
-
22 · Depreciation, depletion and amortization
total $162,301 · program services $162,301
-
23 · Insurance
total $61,808 · program services $53,615 · management and general $8,193
-
24a · Other expenses: VESSEL EXPENSES
total $93,067 · program services $93,067
-
24b · Other expenses: BANK AND CREDIT CARD CH
total $8,104 · program services $8,104
-
24c · Other expenses: STORAGE
total $4,935 · management and general $4,935
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $4,501 · management and general $4,501
-
24e · All other expenses
total $5,065 · program services $2,592 · management and general $2,473
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $91,443 · end of year $86,649
-
2 · Savings and temporary cash investments
beginning of year $10,104 · end of year $66,176
-
3 · Pledges and grants receivable
beginning of year $4,876 · end of year $4,328
-
4 · Accounts receivable
beginning of year $4,309 · end of year $0
-
8 · Inventories for sale or use
beginning of year $6,532 · end of year $5,803
-
9 · Prepaid expenses and deferred charges
beginning of year $3,582 · end of year $614
-
10a · Land, buildings and equipment: cost or other basis
$5,696,146
-
10b · Land, buildings and equipment: accumulated depreciation
$3,607,763
-
10c · Land, buildings and equipment, net
beginning of year $2,022,624 · end of year $2,088,383
-
17 · Accounts payable and accrued expenses
beginning of year $37,789 · end of year $35,884
-
19 · Deferred revenue
beginning of year $13,938 · end of year $14,806
-
23 · Secured mortgages and notes payable
beginning of year $205,082 · end of year $182,196
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $150,441
-
27 · Net assets without donor restrictions
beginning of year $1,706,881 · end of year $1,768,383
-
28 · Net assets with donor restrictions
beginning of year $29,780 · end of year $100,243
Mission and programs · 2025
Mission
PRESERVATION OF THE SCHOONER "ADVENTURE"
Activities or mission (Part I)
PRESERVATION OF NATIONAL HISTORIC LANDMARK FISHING SCHOONER AND HISTORY EDUCATION
-
TO PRESERVE THE SCHOONER ADVENTURE AS A LIVING SYMBOL OF AMERICA'S MARITIME HERITAGE, AND AS A COMMUNITY RESOURCE FOR EDUCATIONAL PROGRAMMING FOCUSING ON MARITIME,CULTURAL, AND ENVIRONMENTAL ISSUES
Expenses $688,915 · Revenue $127,310
As filed on the 2025 return.
Listed in Part VII
-
GREG BOVER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
PETER SOUZA
VICE PRESIDENT-OPERATIONS
- Total calculated
- $0
- Hours/week
- 5
-
WILLIAM BARTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
MARGOT HINTLIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
ERIC LUSTIG
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM WHITNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAVID RHINELANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PETER MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ELIZABETH RHINELANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KENNETH RIAF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JONATHAN JACQUES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAN GULIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
BRIT HUTCHINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2025
- Filed
- 29 June 2026
- IRS schema version
- 2025v4.2
- Source object
- 202641809349301504
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