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← PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION

Form 990 for tax year 2022

Filed by PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION.

Totals

Total revenue
$374,400
Total expenses
$456,202
Contributions and grants received
$20,747
Grants paid
$0
Program service revenue
$286,937
Investment income
$1,317
Other revenue
$65,399
Total assets, end of year
$1,910,442
Total liabilities, end of year
$2,360
Net assets or fund balances, end of year
$1,908,082
Program services expenses (Part IX)
$370,027
Management and general expenses
$55,745
Fundraising expenses
$30,430
Program service expenses (Part III)
$370,027

Program services were 81.1% 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

    $7,225

  • 1f · All other contributions, gifts and grants

    $13,522

  • 2a · Program service revenue: ADMISSIONS TO TOUR SUB

    total $286,937 · related or exempt $286,937

  • 3 · Investment income

    total $1,317 · excluded $1,317

  • 10a · Gross sales of inventory

    $143,973

  • 10b · Cost of goods sold

    $78,574

  • 10c · Net income from sales of inventory

    total $65,399 · related or exempt $65,399

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $59,155 · program services $9,142 · management and general $20,704 · fundraising $29,309

  • 7 · Other salaries and wages

    total $132,014 · program services $132,014

  • 11b · Fees: legal

    total $140 · management and general $140

  • 11c · Fees: accounting

    total $10,640 · management and general $10,640

  • 11g · Fees: other

    total $16,905 · management and general $16,905

  • 12 · Advertising and promotion

    total $20,731 · program services $20,731

  • 13 · Office expenses

    total $15,877 · program services $8,428 · management and general $6,578 · fundraising $871

  • 14 · Information technology

    total $14,856 · program services $14,356 · management and general $250 · fundraising $250

  • 16 · Occupancy

    total $52,513 · program services $52,513

  • 19 · Conferences, conventions and meetings

    total $2,554 · program services $2,554

  • 20 · Interest

    total $528 · management and general $528

  • 22 · Depreciation, depletion and amortization

    total $121,638 · program services $121,638

  • 24a · Other expenses: OUTSIDE SERVICES

    total $4,852 · program services $4,852

  • 24b · Other expenses: SPECIAL EVENTS

    total $1,865 · program services $1,865

  • 24c · Other expenses: MEMBERSHIP DUES

    total $1,537 · program services $1,537

  • 24d · Other expenses: ADMINISTRATIVE

    total $270 · program services $270

  • 24e · All other expenses

    total $127 · program services $127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,090 · end of year $32,561

  • 2 · Savings and temporary cash investments

    beginning of year $790,271 · end of year $360,127

  • 8 · Inventories for sale or use

    beginning of year $42,365 · end of year $26,091

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

    $2,819,295

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

    $1,327,632

  • 10c · Land, buildings and equipment, net

    beginning of year $1,165,170 · end of year $1,491,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,529 · end of year $2,360

  • 23 · Secured mortgages and notes payable

    beginning of year $35,483 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,947,346 · end of year $1,902,799

  • 28 · Net assets with donor restrictions

    beginning of year $42,538 · end of year $5,283

Mission and programs · 2022

Mission

TO EDUCATE THE PUBLIC ABOUT THE MARITIME HISTORY OF THE PISCATAQUA RIVER BASIN AND THE SIGNIFICANCE OF THE PORTSMOUTH NAVAL SHIPYARD AND THE U.S. NAVY'S SUBMARINE SERVICE. ITS MOST IMPORTANT ACTIVITY IS THE DISPLAY OF A SUBMARINE, FORMER USS ALBACORE, AND ASSOCIATED MUSEUM.

Activities or mission (Part I)

TO EDUCATE THE PUBLIC ABOUT THE MARITIME HISTORY OF THE PISCATAQUA RIVER BASIN, AND THE SIGNIFICANCE OF THE PORTSMOUTH NAVAL SHIPYARD AND THE U.S. NAVY'S SUBMARINE SERVICE. IT'S MOST SIGNIFICANT ACTIVITY IS THE DISPLAY OF A SUBMARINE, THE FORMER USS ALBACORE, AND AN ASSOCIATED MUSEUM.

  • THE FORMER USS ALBACORE IS SITUATED IN A DRY BASIN IN ALBACORE PARK WHERE THE GENERAL PUBLIC CAN ENTER AND WALK THROUGH IT, TOUCH AND OPERATE EQUIPMENT, AND LISTEN TO AUDIO EXPLANATIONS AT NUMEROUS LOCATIONS INSIDE AND OUTSIDE THE VESSEL. THERE IS A SMALL MUSEUM BUILDING WITH DISPLAYS RELATING TO THE SUBMARINE'S HISTORY, SUBMARINE DESIGN AND THE PORTSMOUTH NAVAL SHIPYARD. ATTENDANCE AT THE PARK WAS 38,276 VISITORS. A VARITEY OF EDUCATIONAL PROGRAMS FOCUSING ON THE MARITIME ENVIRONMENT OF THE PISCATAQUA RIVER BASIN INCLUDING LECTURES, WORKSHOPS, DEVELOPMENT OF TOOLS FOR STEM EDUCATORS, AND DAY CAMPS WERE CONDUCTED.

    Expenses $370,027 · Revenue $352,336

  • A MAJOR PROJECT TO PROVIDE FOR LONG TERM PRESERVATION OF THE SUBMARINE'S EXTERNAL HULL WAS COMPLETED. THE WORK INCLUDED SEALING VARIOUS OPENINGS TO PREVENT BIRDS NESTING, COMPLETE CLEANING OF ALL EXTERIOR SURFACES, AND REPAINTING WITH A LONG LIVED SPECIAL COATING.THE TOTAL COSTS INCURRED ON THIS PROJECT WERE $413,598 WHICH HAS BEEN CAPITALIZED AND IS BEING DEPRECIATED OVER THE ESTIMATED USEFUL LIFE OF FIFTEEN YEARS.

  • SPECIAL EVENTS CONDUCTED DURING THE YEAR INCLUDED A DAY LONG NAVAL HISTORY DAY PROGRAM IN SEPTMBER AND A WREATHS AROUND AMERICA MEMORIAL SERVICE IN DECEMBER.

  • A MEMORIAL GARDEN IS LOCATED WITHIN THE PARK WITH MONUMENTS DISPLAYING THE NAMES OF SUBMARINES LOST IN WORLD WAR II INCLUDING THE CREW OF THE CURRENT SUBMARINE'S NAMESAKE, USS ALBACORE (SS218). MOST VISITORS TO THE PARK ALSO VISITED THE GARDEN.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth Latchaw

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • Lawrence Herrick

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    16

  • Gary Woods

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Philip Munck

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Joseph Freda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kenneth Linscott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • James Wakefield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Noah Lemire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Patricia Violette

    EXECUTIVE DIRECTOR

    Total calculated
    $59,155
    From this org
    $59,155
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2 March 2023
IRS schema version
2022v4.1
Source object
202340619349301859

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