2023-11-13T11:59:07-06:00 2022-12-31 390758449 Wipfli LLP 30 Long Creek Drive South Portland ME 041062437 990 2022-01-01 010271477 Maine Maritime Museum MAIN 2074431316 243 Washington Street Bath ME 04530 Chris Timm Executive Director 2074431316 2023-10-03 1 Chris Timm 999009999 1 Patrick Nicholas CPA P00289567 2077745701 2023-10-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Lincoln Paine 243 Washington Street Bath ME 04530 6402482 0 X WWW.MAINEMARITIMEMUSEUM.ORG X 1964 ME Historical and Educational Museum 25 25 69 164 0 0 1889563 2765886 1154402 1002024 393598 169393 173642 212843 3611205 4150146 0 0 0 0 1532817 1885766 0 0 336958 1614556 2402434 3147373 4288200 463832 -138054 19147299 17556994 515754 637900 18631545 16919094 X To connect people to the past, present, and future of Maine's waterways and their global reach. 0 0 3003865 0 1042879 Collections and Exhibits - Includes all items relating to maritime history primarily in Maine. Paintings and other artwork, rigged models, half hulls, tools used in maritime history, navigating equipment, ship parts and watercraft on display. Exhibits include historic buildings and period displays of maritime life during the late 1800's. Includes the preservation of both new and existing displays.Education & Public Programs Lecture series, lighthouse and nature cruises, symposiums, adult and youth classes, school programs, senior college programs, summer shipyard activities, volunteer support programs, family programs, museum trips, summer camps, trolley tours of Bath Iron Works, and other guided tours are all part of the education and public programs.Lighthouse, Nature, and Bath Iron Works cruises These tours explore the Kennebec River, Merrymeeting Bay, and the Maine Mid-Coast region. Bath Iron Works and historical lighthouses can be viewed from the water. Bald eagles, osprey, seals, fishermen, and the natural beauty of Maine's coast can be seen. 3003865 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 26 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Chris Timm 2074431316 243 Washington Street Bath ME 04530 Lincoln Paine Chair 2.00 X X 0 0 0 Barbara Burgess Vice Chair 2.00 X X 0 0 0 Joe Drago Treasurer 2.00 X X 0 0 0 Len Langer Secretary 2.00 X X 0 0 0 Greger Anderson Trustee 2.00 X 0 0 0 Bonnie Beck Trustee 2.00 X 0 0 0 Christopher Bouzaid Trustee 2.00 X 0 0 0 Ross Burgess Trustee 2.00 X 0 0 0 Laura Burns Trustee 2.00 X 0 0 0 Tess Chakkalakal Trustee 2.00 X 0 0 0 Peter Degnan Trustee 2.00 X 0 0 0 John Eraklis Trustee 2.00 X 0 0 0 Kristin Fletcher Trustee 2.00 X 0 0 0 Ray Hender Trustee 2.00 X 0 0 0 Charles Hodgkins Trustee 2.00 X 0 0 0 Cabot Lyman Trustee 2.00 X 0 0 0 Kenneth Moller Trustee 2.00 X 0 0 0 John Morse Trustee 2.00 X 0 0 0 Andrew Perry Trustee 2.00 X 0 0 0 Ford Reiche Trustee 2.00 X 0 0 0 Tom Sturgeon Trustee 2.00 X 0 0 0 Tom Whelan Trustee 2.00 X 0 0 0 Nancy Wilkes Trustee 2.00 X 0 0 0 Loren Wright Trustee 2.00 X 0 0 0 John Zittel Trustee 2.00 X 0 0 0 Chris Timm Executive Director 40.00 X 121612 0 17073 121612 0 17073 1 0 0 0 Your Part-Time Controller 1500 Walnut St Ste 1200 Philadelphia PA 19102 accounting and financial management serv 334234 1 260532 102550 90044 2312760 255298 2765886 Education & public programs 611600 633180 633180 Admissions 713990 368844 368844 1002024 122071 122071 7390 0 7390 7390 7390 2104524 2057195 7 47329 -7 47322 47322 114668 102550 86630 28038 28038 245064 108504 136560 136560 40855 40855 40855 4150146 1042879 0 341381 X 138985 105410 15661 17914 1341827 1018026 154284 169517 49591 36621 7157 5813 231322 178606 12728 39988 124041 94324 14572 15145 10176 10176 338106 338106 496354 351811 124647 19896 116612 95016 609 20987 13717 916 1400 11401 121131 34862 82125 4144 165194 165194 24076 18150 4604 1322 10889 5616 3260 2013 7253 7253 595003 595003 111075 28 111047 Materials and supplies 266855 221995 31374 13486 Fees 54917 39569 9054 6294 Maintenance and repairs 24197 22456 1393 348 Miscellaneous 23567 7116 10315 6136 23312 13146 7612 2554 4288200 3003865 947377 336958 653001 818999 59984 164979 33333 60864 302597 199838 168204 17448206 9326740 8471776 8121466 9131015 7511799 570821 435617 19147299 17556994 246207 404376 63015 83762 206532 149762 515754 637900 X 10798548 9969747 7832997 6949347 18631545 16919094 19147299 17556994 X -138054 -1452932 -121465 X 0 1 X 1 0 X 2555479 1898000 1725816 1889563 2765886 10834744 2555479 1898000 1725816 1889563 2765886 10834744 1059066 9775678 150189 123390 102937 89155 129461 595132 11429876 1402611 0.85530 0.80310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 9131015 923 -1283532 336607 7511799 7968403 520440 1128157 485985 9131015 7823945 727013 582555 7968403 7075231 1289095 540381 7823945 7923808 225000 -439699 633878 7075231 0.35200 0.53500 0.11300 0 0 15399711 8264562 7135149 1899859 1062178 837681 148636 148636 8121466 2684253 -1452932 -12961 -1465893 4150146 0 4150146 4396704 108504 108504 4288200 0 4288200 Part III, Line 1a: Collection items purchased and donated are not included in the balance sheet The costs of collection items are recorded as decreases in net assets in the statement of activities when purchased. The proceeds from the sale of collection items are recorded as increases in net assets in the statement of activities when sold. The Museum's extensive collection includes artifacts relating to the maritime history of Maine and its associated shoreline infrastructure. The collection includes many early 19th Century paintings and other artwork, rigged models and half models, tools used in maritime industries, important collections of navigating equipment, scrimshaw, furniture, textiles, fishing gear, ships parts, and a strong historic watercraft collection. The Museum also preserves and interprets several historic buildings and structures, including five buildings from the Percy & Small Shipyard (1897-1920), and the historic Donnell House, which once belonged to a shipyard owner. The library and archives house thousands of books, maritime manuscripts, business records, photographs, maps and charts, ships construction plans, and video and film archives. The Museum adopted a new Code of Ethics statement during 2007 (and amended during 2009) that is in accordance with the American Association of Museums guidelines and other museum industry best practices. It also has a collection policy. These policies delineate responsibilities in such matters as Museum ethics, acquisitions, loans, care of collections, and deaccessioning objects held in the collection are carefully tracked and monitored. Proceeds from the sale of an object deaccessioned may only be applied toward further collection acquisitions. Part III, Line 4: The Museums extensive collection includes artifacts relating to the maritime history of Maine and its associated shoreline infrastructure. The collection includes many early 19th Century paintings and other artwork, rigged models and half models, tools used in maritime industries, important collections of navigating equipment, scrimshaw, furniture, textiles, fishing gear, and ships parts, and a strong historic watercraft collection. The Museum also preserves and interprets several historic buildings and structures, including five buildings from the Percy & Small Shipyard (1897-1920), and the historic Donnell House, which once belonged to a shipyard owner. The library and archives house thousands of books, maritime manuscripts, business records, photographs, maps and charts, ships construction plans, and video and film archives. These exhibits aid in promoting an understanding of Maine maritime history among the general public. Part V, Line 4: The intended uses of the Organizations endowment funds are for collection preservation, building maintenance, and educational purposes. Part XI, Line 2d - Other Adjustments: Cost of goods sold 108,504. Change in value of split interest agreements -121,465. Part XII, Line 2d - Other Adjustments: Cost of goods sold 108,504. Gala 217218 102550 114668 86630 217218 102550 114668 86630 86630 28038 X 2 223200 Appraisal X 10 32098 Market X 20 0 0 1 1 Part I, Line 32b: The Organization sells contributions of securities through its investment broker All gifts of securities are sold as soon as administratively possible. Sales of boats are done through yacht brokers on the Organizations behalf. Part I, Line 33: Collection items purchased and donated are not included in the balance sheet The costs of collection items are recorded as decreases in net assets in the statement of activities when purchased The proceeds from the sale of collection items are recorded as increases in net assets in the statement of activities when sold. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is made available for the Board of Trustees to review and the appropriate persons sign and submit the return. Form 990, Part VI, Section B, line 12c At the June meeting of incoming and departing trustees, the chair of the board states the policy and the executive director confirms. Additionally, at the start of each board member meeting there is an opportunity for any Individual to come forward to publicly or privately announce a potential conflict of interest. Form 990, Part VI, Section B, line 15 In 2023 a new executive director was hired. The Museum's Board of Directors utilized an executive search consulting firm to assist in the recruitment process and to ensure that the compensation and benefits offered to the new executive director were competitive and consistent with those of executive directors at other comparable museums. The Museum also partakes in several comparability surveys to gather Information for the board to evaluate the executive director's salary. The Board of Directors reviewed and approved the offer made to the new executive director. Each year staff salaries may be adjusted for increases in cost of living. The board of directors determines the amount of the cost of living increase. That increase is then voted on and approved by the board. Adjustments may also be made to staff compensation based on an annual performance evaluation. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part IX, line 11g Exhibit preparation: Program service expenses 43,435. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,435. Maintenance contract: Program service expenses 235,027. Management and general expenses 0. Fundraising expenses 0. Total expenses 235,027. Other services: Program service expenses 73,349. Management and general expenses 124,647. Fundraising expenses 19,896. Total expenses 217,892. Form 990, Part XI, line 9: Change in value of beneficial interest in trusts -121,465.