Overview
What is Chesapeake Bay Maritime Museum Inc?
Chesapeake Bay Maritime Museum Inc is a non-profit educational institution situated in Saint Michaels, Maryland, with a postal address of 213 N TALBOT STREET, 21663. The organization is dedicated to fostering understanding and appreciation of the Chesapeake Bay's maritime heritage through collected artifacts, education, documentation, exhibitions, research, and publications. Over 90,000 members and visitors engage with their initiatives annually. Volunteers contribute significantly to the museum's operations, offering over 8,000 hours of service in areas like education, boat yard, and curatorial services, although the value of these contributions is not recorded as an expense. The institution's mission is to preserve and explore the history, environment, and people of the Chesapeake Bay, aiming to become a leading center for maritime studies and preservation.
Official website here: www.cbmm.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Chesapeake Bay Maritime Museum Inc has achieved a perfect score of 100%, reflecting exceptional standards in accountability and finance. This Four-Star rating is significant as it indicates a high level of transparency and effective management, reassuring donors about the responsible use of their contributions.
The organization demonstrates strong governance with a fully independent board, ensuring that decision-making is free from conflicts of interest. Financial practices are robust, with a notable program expense ratio of 79.20%, indicating that a substantial portion of funds directly supports its mission-related activities. Additionally, the museum maintains thorough oversight with an Audit and Oversight Committee in place.
While the organization excels in financial accountability, no limitations were noted in the data provided. This further solidifies its reputation as a trustworthy nonprofit. Overall, the Chesapeake Bay Maritime Museum Inc is well-positioned to attract support from donors who value fiscal responsibility and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Chesapeake Bay Maritime Museum Inc legitimate?
Chesapeake Bay Maritime Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Bay Maritime Museum 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: $603,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,205,678
For more financial information, click here
Official website here: www.cbmm.org/
What is the mission statement of Chesapeake Bay Maritime Museum Inc?
The Chesapeake Bay Maritime Museum Inc's mission is to preserve and explore the history, environment, and people of the Chesapeake Bay. Their vision aims to establish the museum as a leading institution in this field. As a private non-profit educational institution, the museum seeks to foster a deeper understanding and appreciation of the maritime heritage of the Chespeake Bay through various means such as collection, education, documentation, exhibition, research, and publication. Over 90,000 members and visitors engage with the museum's activities annually, while volunteers contribute over 8,000 hours of their time to various services like education, boat yard, and curatorial services. However, the value of these volunteer services is not recorded as an expense.
Official website here: www.cbmm.org/
Who is the CEO of Chesapeake Bay Maritime Museum Inc?
Craig Fuller is the Chair of Chesapeake Bay Maritime Museum Inc. The CEO's salary of Chesapeake Bay Maritime Museum Inc is $229,176 and their total compensation is $349,451.
Official website here: www.cbmm.org/
What is the revenue of Chesapeake Bay Maritime Museum Inc?
Chesapeake Bay Maritime Museum Inc's revenue in 2023 was $5,635,526.
Official website here: www.cbmm.org/
Who are the executives of Chesapeake Bay Maritime Museum Inc and what are their salaries?
The average compensation at Chesapeake Bay Maritime Museum Inc during 2023 was $28,088. There are 100 employees and 198 volunteers at Chesapeake Bay Maritime Museum Inc.
Here are 34 key members and their salaries (Chesapeake Bay Maritime Museum Inc's CEO's salary is $229,176 and their total compensation is $349,451):
- Compensation: $229,176
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- Other: $120,275
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Official website here: www.cbmm.org/
Where can I find the form 990 for Chesapeake Bay Maritime Museum Inc?
Chesapeake Bay Maritime Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cbmm.org/
Learn more at the official website: www.cbmm.org/
Mission Statement of Chesapeake Bay Maritime Museum Inc
The Chesapeake Bay Maritime Museum Inc is committed to preserving and exploring the rich history, environment, and people of the Chesapeake Bay. Its mission is to serve as a premier institution, fostering an understanding and appreciation of the region's maritime heritage. The museum achieves this through various means, including the collection, education, documentation, exhibition, research, and publication of related information. Each year, over 90,000 members and visitors engage with the museum's offerings, and the dedication of volunteers adds significant value to its operations, with volunteers providing over 8,000 hours of service in areas such as education, boat yard, and curatorial services.
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Impact
October, 2024
Chesapeake Bay Maritime Museum Inc significantly enriches the understanding and appreciation of the Chesapeake Bay's maritime heritage. Through its extensive collection, educational programs, exhibitions, and research initiatives, the museum fosters a deep connection between visitors and the bay's history, environment, and diverse communities. Each year, over 90,000 visitors engage with the museum, benefiting from its informative resources and immersive experiences.
The museum also encourages community involvement, with volunteers contributing more than 8,000 hours in various capacities, helping to sustain its educational and historical mission. This collaborative effort not only enhances the museum's offerings but also strengthens ties within the community, promoting a shared commitment to preserving the unique culture and natural resources of the Chesapeake Bay. In doing so, the museum serves as a vital platform for exploration, discussion, and stewardship of this important region.
This information is meant to be a general summary of Chesapeake Bay Maritime Museum 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 2023.
- Investment Income: $975,455
- Program Service Revenue: $2,100,673
- Gross Receipts: $6,893,533
Assets and Liabilities:
- Total Assets: $39,831,590
- Total Liabilities: $1,948,409
- Net Assets: $37,883,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL ADMISSIONS
Revenue
$891,074
MEMBERSHIP DUES
Revenue
$538,255
EDUCATIONAL PROGRAMS
Revenue
$106,383
SHIPYARD
Revenue
$564,961
Organization Details
Founding Year
1965
Phone
(410) 745-2916Principal Officer
Craig Fuller
Main Address
213 N TALBOT STREET, Saint Michaels, MD, 21663
Website
www.cbmm.org/NTEE Category
Code: A500 - Arts
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