Overview
What is Lake Champlain Maritime Museum At Basin Harbor Inc?
Lake Champlain Maritime Museum At Basin Harbor Inc is a nonprofit organization situated in Vergennes, Vermont. Its primary mission is to preserve and disseminate the cultural and natural heritage of the Lake Champlain region. The museum accomplishes this by providing a variety of educational programs, including in-person visits, virtual sessions, digital education through social media and their website, and research-based children's programming. In 2022, over 10,000 people visited the museum in person, and thousands more engaged with its digital offerings. The organization, with a workforce of 42 individuals, is dedicated to fostering a connection between the past, the present, and a sustainable future through its educational initiatives.
Official website here: www.lcmm.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
Lake Champlain Maritime Museum has demonstrated strong accountability and financial health, reflected in its impressive 96% score from Charity Navigator. This rating indicates that the organization excels in maintaining transparency and responsible financial practices, essential for fostering donor trust and ensuring effective use of resources.
The museum's governance is particularly noteworthy, featuring a fully independent board, which enhances its operational integrity. With no material diversion of assets and robust policies regarding conflicts of interest and whistleblowing, the organization establishes a solid foundation for ethical management. Furthermore, the allocation of 75.52% of its expenses toward programs indicates a commitment to its mission and community engagement.
While the financial metrics are commendable, the review does not highlight any specific limitations or areas for improvement, suggesting that the Lake Champlain Maritime Museum operates efficiently within its financial and governance framework. Overall, this high rating positions the museum as a trustworthy nonprofit in the eyes of potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Champlain Maritime Museum At Basin Harbor Inc legitimate?
Lake Champlain Maritime Museum At Basin Harbor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Champlain Maritime Museum At Basin Harbor 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: $100,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $716,758
For more financial information, click here
Official website here: www.lcmm.org
What is the mission statement of Lake Champlain Maritime Museum At Basin Harbor Inc?
The Lake Champlain Maritime Museum At Basin Harbor Inc's mission is centered around preserving and sharing the cultural and natural heritage of the Lake Champlain region. They aim to achieve this by engaging all individuals, inspiring them to learn from the past, collaborate in the present, and strive for a sustainable future. Their activities encompass running courses, general education programs, virtual and digital education, research, and children's programming. During the 2022 season, over 10,000 people visited the museum in person, with thousands more exploring the digital offerings.
Official website here: www.lcmm.org
Who is the CEO of Lake Champlain Maritime Museum At Basin Harbor Inc?
Christopher Sabick is the Chair of Lake Champlain Maritime Museum At Basin Harbor Inc.
Official website here: www.lcmm.org
What is the revenue of Lake Champlain Maritime Museum At Basin Harbor Inc?
Lake Champlain Maritime Museum At Basin Harbor Inc's revenue in 2022 was $1,625,926.
Official website here: www.lcmm.org
Who are the executives of Lake Champlain Maritime Museum At Basin Harbor Inc and what are their salaries?
The average compensation at Lake Champlain Maritime Museum At Basin Harbor Inc during 2022 was $19,461. There are 42 employees and 18 volunteers at Lake Champlain Maritime Museum At Basin Harbor Inc.
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Official website here: www.lcmm.org
Where can I find the form 990 for Lake Champlain Maritime Museum At Basin Harbor Inc?
Lake Champlain Maritime Museum At Basin Harbor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcmm.org
Learn more at the official website: www.lcmm.org
Mission Statement of Lake Champlain Maritime Museum At Basin Harbor Inc
Lake Champlain Maritime Museum At Basin Harbor Inc is dedicated to preserving and showcasing the cultural and natural heritage of the Lake Champlain region. Their mission is to connect people with the lake, inspiring them to learn from the past, work together in the present, and create a sustainable future. Through their general operations, they offer various courses, educational programs, and digital education initiatives. These include in-person visits, virtual education programs, digital education through social media and their website, research, and children's programming. During the 2022 season, over 10,000 individuals visited the museum in-person, and thousands more explored their digital offerings. By engaging with the museum, individuals have the opportunity to learn about the rich history and heritage of the Lake Champlain region, and contribute to a sustainable future for the area.
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Impact
October, 2024
Lake Champlain Maritime Museum at Basin Harbor Inc. plays a crucial role in preserving and sharing the cultural and natural heritage of the Lake Champlain region. By offering a diverse range of educational programs—both in-person and virtual—it connects thousands of visitors with the rich history and ecology of the area. In 2022 alone, over 10,000 individuals visited the museum, gaining free access to resources that promote learning about the past while inspiring collaborative efforts for a sustainable future.
The museum's operations include engaging courses, educational programs, and children's activities that enhance the community's understanding and appreciation of the lake's significance. Through digital platforms and social media outreach, they expand their impact beyond physical visitors, reaching an even broader audience. This multifaceted approach fosters a deep connection between people and the lake, ensuring that its cultural and natural heritage is appreciated, understood, and preserved for future generations.
This information is meant to be a general summary of Lake Champlain Maritime Museum At Basin Harbor 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,744
- Program Service Revenue: $167,079
- Gross Receipts: $2,018,764
Assets and Liabilities:
- Total Assets: $5,186,790
- Total Liabilities: $383,058
- Net Assets: $4,803,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL - TUITION
Revenue
$127,231
RESEARCH CONTRACT INCO
Revenue
$39,848
Organization Details
Founding Year
1980
Phone
(802) 475-2022Principal Officer
Christopher Sabick
Main Address
4472 BASIN HARBOR ROAD, VERGENNES, VT, 05491
Website
www.lcmm.orgNTEE Category
Code: A500 - Arts
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