Overview
What is New Hampshire Boat Museum?
The New Hampshire Boat Museum (NHBM) is a nonprofit organization situated in Wolfeboro Falls, New Hampshire. Established in 1992 by enthusiasts of New Hampshire's freshwater boating heritage, it has been showcasing its collection for over two decades. Initially housed in a 5,000 square foot building, the museum has recently expanded its operations to a 24,000 square foot facility in Moultonboro, following a successful capital campaign. This new site, currently undergoing renovations, will serve as the museum's headquarters and provide larger exhibit and program spaces, enabling year-round operation. The museum's original campus in Wolfeboro will continue to host seasonal programs during spring and summer. The NHBM's mission is to encourage an enduring connection, stewardship, and appreciation for New Hampshire's freshwater boating heritage through engaging exhibits, experiences, and educational programs. It functions as an educational organization, focusing on the boat culture and lifestyle on the state's lakes and rivers.
What are the reviews and ratings of this charity?
Charity Navigator rating: 39%
The New Hampshire Boat Museum has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The charity scored particularly low in areas such as financial statement reviews and the posting of required documents on its website, which raises red flags about its overall financial health and operational practices.
On a positive note, the organization demonstrates strong governance, with a fully independent board and established policies for conflict of interest and whistleblower protections. These aspects suggest that the museum has a commitment to ethical oversight and operational integrity, which is essential for maintaining trust with its stakeholders.
However, the low program expense ratio of 33.11% raises questions about the effectiveness of its spending relative to its mission. The limited financial information available, coupled with the lack of transparency in sharing critical documents, suggests that potential donors and supporters may want to exercise caution before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is New Hampshire Boat Museum legitimate?
New Hampshire Boat Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hampshire Boat Museum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $45,000
Other Salaries and Wages: $175,306
For more financial information, click here
What is the mission statement of New Hampshire Boat Museum?
The New Hampshire Boat Museum, as an educational organization, aims to foster an enduring connection, stewardship, and appreciation for New Hampshire's freshwater boating heritage. This is achieved through compelling exhibits, experiential programs, and educational initiatives. The museum, founded by enthusiasts of New Hampshire's boating history, currently operates in a seasonal basis in Wolfeboro, but is planning to expand its operations to a larger, climate-controlled facility in Moultonboro following renovations, allowing it to operate year-round. The museum's mission is to preserve and celebrate the rich boating history and lifestyle of New Hampshire.
Who is the CEO of New Hampshire Boat Museum?
Mark Weston is the Treasurer of New Hampshire Boat Museum.
What is the revenue of New Hampshire Boat Museum?
New Hampshire Boat Museum's revenue in 2022 was $1,379,436.
Who are the executives of New Hampshire Boat Museum and what are their salaries?
The average compensation at New Hampshire Boat Museum during 2022 was $7,304. There are 24 employees and 25 volunteers at New Hampshire Boat Museum.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Hampshire Boat Museum?
New Hampshire Boat Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hampshire Boat Museum
The New Hampshire Boat Museum, an educational organization, is committed to fostering an enduring connection, stewardship, and appreciation for New Hampshire's freshwater boating heritage. Their mission is accomplished through compelling exhibits, engaging experiences, and educational programs. By showcasing the rich history of boating in the state, the museum aims to inspire a deep-seated respect and understanding of this significant aspect of local culture. The New Hampshire Boat Museum aspires to be a catalyst for preserving and celebrating the state's boating legacy, ensuring that future generations will continue to cherish and learn from this heritage.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The New Hampshire Boat Museum inspires an enduring connection, stewardship, and appreciation of New Hampshire's freshwater boating heritage through compelling exhibits, experiences, and educational programs. By preserving and sharing the state's rich boating history, the museum enriches the community's understanding of its cultural and recreational roots. Through engaging exhibits and programs, the museum fosters a sense of pride and connection to the local waterways, promoting conservation and the continuation of boating traditions for future generations.
This information is meant to be a general summary of New Hampshire Boat Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $545,839
- Program Service Revenue: $115,969
- Gross Receipts: $2,900,578
Assets and Liabilities:
- Total Assets: $5,086,851
- Total Liabilities: $142,247
- Net Assets: $4,944,604
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANTIQUE BOAT RIDES
Revenue
$86,449
YOUTH & FAMILY PROGRAM
Revenue
$18,965
MUSEUM ADMISSIONS
Revenue
$7,904
BOAT HOUSE TOURS
Revenue
$2,651
Organization Details
Founding Year
1992
Phone
(603) 569-4554Principal Officer
Mark Weston
Main Address
PO BOX 1195, WOLFEBORO FALLS, NH, 03896
NTEE Category
Code: A540 - Arts
If you are a representative of New Hampshire Boat Museum and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.