Marine Society At Salem

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042266264 ✦ Salem, MA ✦ Designated as a 501(c)(4)

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Overview

What is Marine Society At Salem?

Marine Society at Salem is a nonprofit organization dedicated to fostering curiosity and preservation in Salem, Massachusetts's maritime heritage and artifacts. They achieve this by granting funds to organizations and individuals connected to the maritime field. Through these grants, they contribute to the upkeep and promotion of maritime-related projects and initiatives, ensuring the history remains vibrant and relevant.

Is Marine Society At Salem legitimate?

Marine Society At Salem is a legitimate nonprofit organization registered as a 501(c)(4) entity. Marine Society At Salem 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Marine Society At Salem?

The Marine Society at Salem's mission is centered around fostering an interest in maritime history and preserving maritime artifacts related to Salem, Massachusetts. They achieve this by extending grants to organizations and individuals with a maritime affiliation. By doing so, they contribute to the conservation and appreciation of maritime culture and heritage. The society aims to support initiatives that uphold and celebrate the rich maritime past.

Who is the CEO of Marine Society At Salem?

Joanie Ingraham is the Treasurer of Marine Society At Salem.

What is the revenue of Marine Society At Salem?

Marine Society At Salem's revenue in 2023 was $316,551.

Who are the executives of Marine Society At Salem and what are their salaries?

The average compensation at Marine Society At Salem during 2023 was $5,000. There are 3 employees at Marine Society At Salem.


Here are 6 key members and their salaries:


Joanie V Ingraham (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Leland Goodhue (Assistant Treasurer)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Allan Vaughn (Clerk)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Ray Bates (Deputy Master)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Rice (Master)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Reardon (Quartermaster)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Marine Society At Salem?

Marine Society At Salem's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Marine Society At Salem

Marine Society at Salem is an organization that is dedicated to fostering a passion for maritime history and the preservation of maritime artifacts related to Salem, Massachusetts. Beyond this, the nonprofit extends its mission by offering financial assistance to organizations and individuals who share a maritime affiliation. By promoting and encouraging interest in this field, Marine Society at Salem contributes to the conservation and appreciation of the maritime heritage.

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Impact




October, 2024

Marine Society At Salem plays a vital role in preserving and promoting maritime history, particularly in the context of Salem, Massachusetts. By providing grants to maritime organizations and individuals, it actively fosters interest in maritime heritage and supports the conservation of important artifacts. This enhances public awareness and appreciation for maritime culture, ensuring that the rich history of Salem's seafaring past is recognized and celebrated. The society not only assists in the preservation of historical elements but also engages the community, encouraging educational initiatives and artistic expressions related to the maritime field.




This information is meant to be a general summary of Marine Society At Salem. 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.

Revenue
$316,551 (2023)
Expenses
$155,525 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $314,691
  • Gross Receipts: $780,892

Assets and Liabilities:

  • Total Assets: $5,764,934
  • Total Liabilities: $0
  • Net Assets: $5,764,934

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Organization Details

Founding Year

1850

Principal Officer

Joanie Ingraham

Main Address

18 WASHINGTON SQUARE, SALEM, MA, 01970

NTEE Category

Code: A80 - Arts

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