Herreshoff Marine Museum in Bristol, Rhode Island (RI)

Organization representatives - add corrected or new information about Herreshoff Marine Museum »

Non-representatives - add comments about Herreshoff Marine Museum»

Herreshoff Marine Museum
Employer Identification Number (EIN)237102744
Name of OrganizationHerreshoff Marine Museum
AddressPO BOX 450, Bristol, RI 02809-0450
SubsectionEducational Organization
Ruling Date04/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,504,571
Amount of Income$1,292,878
Form 990 Revenue Amount$982,484
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


Non-representatives - add comments:


CAPTCHA

Your IP address 18.226.186.109 will be logged.

Amount of income in 2013: $1,292,878 (it was $1,170,214 in 2012)
This organization: 

 $1,292,878
Other organizations performing similar types of work: 

 $170,607

Assets in 2013: $4,504,571 (it was $4,583,257 in 2012)
Herreshoff Marine Museum: 

 $4,504,571
Other organizations performing similar types of work: 

 $751,001

Expenses in 2013: $1,079,575
This organization: 

 $1,079,575
Other organizations performing similar types of work: 

 $136,601

Income to expenses ratio in 2013: 1.2
Herreshoff Marine Museum: 

 1.2
Other organizations performing similar types of work: 

 1.2

Number of employees in 2013: 26
This organization: 

 26
Other organizations performing similar types of work: 

 4

Grants share in income in 2013: 53.0%
Herreshoff Marine Museum: 

 53.0%
Other organizations performing similar types of work: 

 57.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961920
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2526
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$198,119$202,121
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$18,326$16,057
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$823,015$654,493$982,484
Contributions, Gifts, Grants and Other Similar Amounts$649,088$643,039$520,753
Program Service Revenue$164,215$293,043$350,773
Educational Support Services$141,955$196,022
Educational Support Services$29,390$35,411
Educational Support Services$76,580$63,818
611600$35,692$49,357
900099$9,426$6,165
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$-1,906$36$19,372
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$-43,934$17,851$17,782
Gross rents (Real / Personal)$115,376 / $0$115,751 / $0$111,828 / $0
Less: rental expenses (Real / Personal)$159,310 / $0$97,900 / $0$94,046 / $0
Rental income or (loss) (Real / Personal)$-43,934 / $0$17,851 / $0$17,782 / $0
Net gain/loss from sales of assets other than inventory$45,231$-310,149$54,112
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $45,231$0 / $30,858$0 / $195,198
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $341,007$0 / $141,086
Gain or (loss) (Securities / Other)$0 / $45,231$0 / $-310,149$0 / $54,112
Net income/loss from fundraising events$24,513$4,131$15,690
Gross income from fundraising events$87,312$24,940$34,516
Less: direct expenses$62,799$20,809$18,826
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$-14,192$6,542$4,002
Gross sales of inventory, less returns and allowances$54,798$62,547$60,438
Less: cost of goods sold$68,990$56,005$56,436
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$1,080,776$1,119,638$1,079,575
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$100,958$208,866$213,669
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$242,793$234,170$235,068
Pension plan accruals and contributions$0$0
Other employee benefits$29,396$20,913
Payroll taxes$24,517$53,454$55,484
Fees for services (non-employees)
Management$0$8,639
Legal$3,320$863
Accounting$21,334$21,069
Lobbying$0$0
Professional fundraising services$12,000$0$0
Investment management fees$0$0
Other$9,349$0
Advertising and promotion$7,564$4,045
Office expenses$25,558$32,820
Information technology$6,983$7,465
Royalties$0$0
Occupancy$16,848$24,715
Travel$2,838$7,688
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$77,785$76,864
Payments to affiliates$0$0
Depreciation, depletion, and amortization$211,858$202,232
Insurance$64,194$60,338
Other expenses$26,706$3,473
Other expenses$3,491$695
Other expenses$12,424$4,882
Other expenses$339$9,196
Other expenses$103,161$89,457
Balance Sheet
201120122013
Total assets$5,103,456$4,583,257$4,504,571
Cash - non-interest-bearing$47,005$164,560
Savings and temporary cash investments$109,098$175,401
Pledges and grants receivable, net$157,934$104,890
Accounts receivable, net$20,768$8,742
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$16,931$20,146
Prepaid expenses and deferred charges$6,321$33,933
Land, buildings, and equipment: cost or other basis$3,973,289$3,707,735
Investments - publicly traded securities$0$0
Investments - other securities$168,061$186,947
Investments - program-related$0$0
Intangible assets$9,908$27,819
Other assets$73,942$74,398
Total liabilities$1,721,038$1,637,272$1,616,677
Accounts payable and accrued expenses$174,582$145,817
Grants payable$0$0
Deferred revenue$5,247$10,616
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$7,981
Secured mortgages and notes payable to unrelated third parties$1,297,411$1,275,694$1,447,763
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$181,749$4,500
Total net assets or fund balances$3,382,418$2,945,985$2,887,894
Unrestricted net assets$2,446,305$2,337,377
Temporarily restricted net assets$335,445$383,298
Permanently restricted net assets$164,235$167,219
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$2,805,333
Subtotal Support$3,495,626
Gifts, grants, contributions, and membership fees received$3,495,626
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$690,293
Total Support$3,514,633
Public Support$3,495,626
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$19,007
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$267,180
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Herreshoff Marine Museum to others? (optional)
  
Add photo of Herreshoff Marine Museum (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wharton County Museum AssociationPO BOX 349, Wharton, TX 77488-0349TX1974-12$141,508
2Shakertown At Pleasant Hill Kentucky Inc3501 Lexington Rd, Harrodsburg, KY 40330-9218KY1962-11$5,784,015
3Worcester Historical Museum30 Elm St, Worcester, MA 01609-2504MA1944-06$4,759,570
4Rosenbach Museum And Library2010 Delancey St, Philadelphia, PA 19103-6510PA1953-10$4,722,469
5Yakima Valley Museum & Hist Assn2105 Tieton Dr, Yakima, WA 98902-3766WA1953-08$3,751,089
6The Long Island Museum Of American Art History & Carriages1200 Route 25a, Stony Brook, NY 11790-1931NY1945-04$3,682,073
7Soulsville926 E Mclemore Ave, Memphis, TN 38106-3338TN1998-08$2,508,610
8Stuhr Museum Of The Prairie Pioneer3133 W Hwy 34, Grand Island, NE 68801NE1970-04$2,428,078
9San Jacinto Museum Of History Association1 Monument Cir, La Porte, TX 77571-9585TX1940-11$2,300,662
10The Corporation For Jeffersons Poplar ForestPO BOX 419, Forest, VA 24551-0419VA1984-05$2,032,275
11Lone Star Flight Museum2002 Terminal Dr, Galveston, TX 77554-9279TX1987-07$1,561,679
12Robert R Moton Museum IncPO BOX 908, Farmville, VA 23901-0908VA1999-03$1,354,076
13The North Carolina Museum Of History Associates Inc5 E Edenton St, Raleigh, NC 27601-1011NC1976-12$1,339,464
14Watkins Glen Motor Racing Research Council Inc610 S Decatur St, Watkins Glen, NY 14891-1613NY1999-12$1,334,363
15Herreshoff Marine MuseumPO BOX 450, Bristol, RI 02809-0450RI1994-04$1,292,878
16Watch Hill Lighthouse Keepers AssociationPO BOX 1511, Westerly, RI 02891-0908RI1987-02$1,014,065
17Holicaust Education And Resource Center Of Rhode Island401 Elmgrove Ave, Providence, RI 02906-3451RI1996-02$249,772
18South County Museum IncPO BOX 709, Narragansett, RI 02882-0709RI1937-11$71,576
19Quonset Air MuseumPO BOX 1571, N Kingstown, RI 02852-0629RI1993-06$53,615
20Rhode Island State Police Museum Foundation Inc311 Danielson Pike, N Scituate, RI 02857-1958RI1998-11$19,628
Number of organizations performing similar types of work
Alaska6
Alabama16
Arkansas13
Arizona10
California72
Colorado15
Connecticut7
District of Columbia3
Delaware4
Florida20
Georgia12
Hawaii5
Iowa10
Idaho5
Illinois26
Indiana20
Kansas12
Kentucky15
Louisiana10
Massachusetts26
Maryland17
Maine6
Michigan17
Minnesota16
Missouri13
Mississippi3
Montana11
North Carolina21
North Dakota4
Nebraska10
New Hampshire9
New Jersey15
New Mexico3
Nevada3
New York55
Ohio32
Oklahoma11
Oregon11
Pennsylvania39
Rhode Island6
South Carolina9
South Dakota6
Tennessee13
Texas58
Utah4
Virginia36
Vermont5
Washington11
Wisconsin12
West Virginia3
Wyoming6
Total772

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Herreshoff Marine Museum and has no official or unofficial affiliation with Herreshoff Marine Museum