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Lowell's Maritime Foundation Inc

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

EIN: 061793898 ✦ Amesbury, MA ✦ Designated as a 501(c)(3)

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Overview

What is Lowell's Maritime Foundation Inc?

Lowell's Maritime Foundation Inc, located at 459 Main St, Amesbury, MA 01913, is a nonprofit organization dedicated to preserving the traditional art of wooden boat building. This foundation upholds the craftsmanship of Lowell's Boat Shop by sustaining production and educating the public on the technique. Their mission is to perpetuate the art and history of wooden boat building, specifically in relation to Lowell's Boat Shop and its surroundings. With a team of 13 individuals, they strive to promote and safeguard this unique craft.


Official website here: www.lowellsboatshop.com

Is Lowell's Maritime Foundation Inc legitimate?

Lowell's Maritime Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell's Maritime Foundation Inc 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: $92,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,420

For more financial information, click here


Official website here: www.lowellsboatshop.com

What is the mission statement of Lowell's Maritime Foundation Inc?

Lowell's Maritime Foundation Inc's mission is centered around preserving and continuing the traditional art of wooden boat building. Their primary goal is to promote the historical significance of Lowell's Boat Shop and its surrounding areas. To achieve this, they sustain the craftsmanship of building wooden dories and educate the public about the intricacies of wooden boat building. Additionally, they strive to share their knowledge and expertise in this artisanry, serving as a resource for individuals interested in the field.


Official website here: www.lowellsboatshop.com

Who is the CEO of Lowell's Maritime Foundation Inc?

Graham Mckay is the Chairman of Lowell's Maritime Foundation Inc.


Official website here: www.lowellsboatshop.com

What is the revenue of Lowell's Maritime Foundation Inc?

Lowell's Maritime Foundation Inc's revenue in 2022 was $403,104.


Official website here: www.lowellsboatshop.com

Who are the executives of Lowell's Maritime Foundation Inc and what are their salaries?

The average compensation at Lowell's Maritime Foundation Inc during 2022 was $19,021. There are 13 employees and 30 volunteers at Lowell's Maritime Foundation Inc.


Here are 13 key members and their salaries:


Bob Barton (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Morse (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allan Jarvis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Bates (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Valeo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosamond Smith (Director)
  • Compensation: $31,246
  • Related: $0
  • Other: $0
Peter Erickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patty Hoyt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rashaun Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ward Caswell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Broadrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bethany Dorau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Graham Mckay (Executive Director)
  • Compensation: $61,602
  • Related: $0
  • Other: $0


Official website here: www.lowellsboatshop.com

Where can I find the form 990 for Lowell's Maritime Foundation Inc?

Lowell's Maritime Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lowellsboatshop.com

Learn more at the official website: www.lowellsboatshop.com

Mission Statement of Lowell's Maritime Foundation Inc

Lowell's Maritime Foundation Inc is dedicated to preserving and upholding the age-old art of constructing wooden boats, drawing inspiration from Lowell's Boat Shop. Their mission is multifaceted, encompassing the preservation of this traditional craftsmanship and the promotion of the historical significance of Lowell's Boat Shop and its surrounding areas. The organization works tirelessly to maintain the production of wooden dories, adhering to the time-honored methods of Lowell's Boat Shop. Additionally, Lowell's Maritime Foundation Inc plays a crucial role in educating the public and nurturing the skills of wooden boat builders, fostering an appreciation for this art form. By doing so, they contribute to the preservation of this rich maritime heritage.

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Impact




October, 2024

Lowell's Maritime Foundation Inc has a significant impact on the preservation and promotion of traditional wooden boat building, particularly the craftsmanship involved in constructing wooden dories. By sustaining production activities and providing educational programs, the foundation fosters an appreciation for this historical craft and its cultural significance in the region.

The organization plays a crucial role in teaching artisan skills, ensuring that the techniques and knowledge surrounding wooden boat building are passed down through generations. This dedication not only cultivates a vibrant community of craftsmen and enthusiasts but also enriches the local heritage of Amesbury, MA. Through workshops and outreach initiatives, Lowell's Maritime Foundation Inc educates the public about the history of Lowell's Boat Shop and its surroundings, promoting a deeper connection to the area's maritime traditions. Overall, the foundation's efforts contribute to the preservation of both a vital cultural practice and the rich history of boat building in the region.




This information is meant to be a general summary of Lowell's Maritime Foundation Inc. 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
$403,104 (2022)
Expenses
$386,081 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,671
  • Program Service Revenue: $116,665
  • Gross Receipts: $468,338

Assets and Liabilities:

  • Total Assets: $863,202
  • Total Liabilities: $32,173
  • Net Assets: $831,029

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Boat building education

Revenue

$59,995

Boat repair/refinish

Revenue

$44,154

Other

Revenue

$12,516

Organization Details

Founding Year

2006

Principal Officer

Graham Mckay

Main Address

459 Main St, Amesbury, MA, 01913

NTEE Category

Code: A50 - Arts

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