Overview
What is Herreshoff Marine Museum?
The Herreshoff Marine Museum, located in Bristol, Rhode Island (02809), is a nonprofit organization dedicated to preserving and sharing the history of the Herreshoff Manufacturing Company and America's Cup. Their waterfront and educational programs cater to various interests, including the Seamanship Program, lectures, and a hands-on workshop in classic boat maintenance. The workshop provides an opportunity to contribute to the museum's active-use collection of watercraft. The primary goal of the Seamanship Program is to impart sailing skills, foster a love for marine environments, and inspire lifelong sailors. With a team of 47 dedicated individuals, the Herreshoff Marine Museum is committed to interpreting and showcasing the achievements of this significant maritime company.
Official website here: www.herreshoff.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Herreshoff Marine Museum has received an overall score of 89%, which indicates a solid performance in terms of accountability and finance. The rating is derived exclusively from the accountability and finance category, highlighting the museum's commitment to transparency and responsible management of its resources. The high score reflects a well-structured financial oversight system, with features such as an independent board consisting entirely of independent members and robust auditing processes.
Strengths of the organization include its strong governance practices, demonstrated by the absence of any material diversion of assets and comprehensive conflict of interest and whistleblower policies. The museum's financial health is also commendable, with a low liabilities-to-assets ratio of 34.64%, suggesting prudent financial management. Additionally, the museum allocates a significant portion of its budget to program expenses, which is indicative of its focus on fulfilling its mission.
However, while the program expense ratio is respectable at 64.22%, it falls slightly short of an ideal benchmark, suggesting there may be room for improvement in how funds are allocated toward direct programming. Overall, the museum's strong governance and financial practices are commendable, but enhancing program funding could further bolster its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Herreshoff Marine Museum?
92% of the 208 reviewers on Facebook recommend the Herreshoff Marine Museum. Here is a summary of their reviews:
Visitors are thrilled with their experiences at the museum, often highlighting the knowledgeable and enthusiastic staff, particularly praising individual guides like Charlie. His commitment and passion for the subject have left a positive impression, with some stating that their visits were well worth traveling significant distances.
Overall, guests find the museum to be a valuable and engaging destination, reflecting a strong appreciation for its offerings and the expertise of its team. Many express their desire to return, underlining the enjoyable and informative nature of the tours provided.
This AI summary has been generated from reviews found on Facebook.
Is Herreshoff Marine Museum legitimate?
Herreshoff Marine Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herreshoff Marine 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: $202,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,175
For more financial information, click here
Official website here: www.herreshoff.org
What is the mission statement of Herreshoff Marine Museum?
The Herreshoff Marine Museum's primary mission is to interpret and showcase the history and accomplishments of the Herreshoff Manufacturing Company and America's Cup. To achieve this, the museum offers a variety of waterfront and educational programs. These include lectures, a workshop program in classic boat maintenance, and educational partnerships. The workshop program in classic boat maintenance provides a hands-on experience in maintaining the museum's active-use collection of watercraft. The Seamanship Program's main objectives are to teach sailing skills, promote water awareness, and foster a love for the marine environment, aiming to create lifelong sailors.
Official website here: www.herreshoff.org
Who is the CEO of Herreshoff Marine Museum?
William Lynn is the Director of Herreshoff Marine Museum.
Official website here: www.herreshoff.org
What is the revenue of Herreshoff Marine Museum?
Herreshoff Marine Museum's revenue in 2022 was $1,623,876.
Official website here: www.herreshoff.org
Who are the executives of Herreshoff Marine Museum and what are their salaries?
The average compensation at Herreshoff Marine Museum during 2022 was $14,524. There are 47 employees and 45 volunteers at Herreshoff Marine Museum.
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Official website here: www.herreshoff.org
Where can I find the form 990 for Herreshoff Marine Museum?
Herreshoff Marine Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.herreshoff.org
Learn more at the official website: www.herreshoff.org
Mission Statement of Herreshoff Marine Museum
The Herreshoff Marine Museum's mission lies in interpreting the rich history and significant achievements of the Herreshoff Manufacturing Company and America's Cup. In essence, the museum aims to educate visitors about the Herreshoff Manufacturing Company's legacy and the renowned sailing competition, America's Cup.
To fulfill this mission, the Herreshoff Marine Museum offers a variety of waterfront and educational programs. Among these, the Seamanship Program stands out. Its primary goal is to impart sailing skills and foster a deep appreciation for the marine environment. By teaching water awareness and nurturing a passion for sailing, the program aspires to create lifelong sailors.
In addition to the Seamanship Program, the museum also hosts a Workshop Program in classic boat maintenance. This hands-on experience allows participants to contribute to the care of the museum's active-use collection of watercraft. By providing this opportunity, the Herreshoff Marine Museum encourages engagement and fosters a sense of responsibility towards preserving maritime heritage.
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Impact
October, 2024
The Herreshoff Marine Museum plays a vital role in preserving and interpreting the rich history of the Herreshoff Manufacturing Company and America's Cup sailing. Through its diverse waterfront and educational programs, the museum engages visitors in hands-on experiences that foster a deeper understanding of maritime culture.
The workshop program in classic boat maintenance allows participants to actively contribute to the care of the museum's collection of historic watercraft, cultivating craftsmanship and technical skills. Additionally, the seamanship program focuses on teaching essential sailing skills and promoting water awareness, nurturing a passion for the marine environment and inspiring a new generation of sailors.
By offering lectures and educational partnerships, the museum not only highlights the significance of its historical narrative but also strengthens community ties and encourages lifelong learning about marine heritage. Overall, the Herreshoff Marine Museum serves as a dynamic hub for education, preservation, and appreciation of maritime traditions.
This information is meant to be a general summary of Herreshoff Marine 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: -$13,780
- Program Service Revenue: $744,075
- Gross Receipts: $2,123,920
Assets and Liabilities:
- Total Assets: $4,774,200
- Total Liabilities: $1,430,934
- Net Assets: $3,343,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAMS
Revenue
$257,879
MISC MUSEUM REVENUE
Revenue
$249,770
WATERFRONT PROGRAMS
Revenue
$181,610
ADMISSIONS
Revenue
$46,843
MUSEUM ACTIVITIES
Revenue
$7,973
Organization Details
Founding Year
1971
Phone
(401) 253-5000Principal Officer
William Lynn
Main Address
ONE BURNSIDE STREET, BRISTOL, RI, 02809
Website
www.herreshoff.orgNTEE Category
Code: A540 - Arts
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