Overview
What is Schooner Ernestina-Morrissey Association Inc?
The Schooner Ernestina-Morrissey Association Inc, located at 226 Conduit Street Unit 1N, New Bedford, MA 02745, is a nonprofit organization established to support the historic vessel Ernestina. Their mission involves raising funds for the maintenance, equipment, manning, programming, and operation of the Schooner Ernestina-Ex Effie M. Morrissey, with the aim of preserving it as a sail training vessel, school ship, and educational enterprise. Through their website, they offer insights into Ernestina's history and provide updates on efforts to secure its future as a national treasure.
Official website here: www.ernestina.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 69%
The Schooner Ernestina-Morrissey Association Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in its accountability and finance practices. While the organization boasts a fully independent board of directors, which is a significant strength, it falls short in several critical areas, including financial transparency and governance policies.
Notably, the nonprofit has not made its financial statements available to the public, earning a score of zero in that category. Additionally, there are missing policies for conflicts of interest, whistleblower protections, and document retention. These deficiencies hinder the organization’s overall accountability and may raise concerns among potential donors and stakeholders.
On a positive note, the organization has a strong program expense ratio of 98.88%, which implies that the vast majority of its expenses are directed towards its mission-related activities. The liabilities to assets ratio is also favorable at 43.92%, suggesting a stable financial condition. However, without improvements in transparency and governance, the organization may struggle to build trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Schooner Ernestina-Morrissey Association Inc legitimate?
Schooner Ernestina-Morrissey Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schooner Ernestina-Morrissey Association 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.
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ernestina.org
What is the mission statement of Schooner Ernestina-Morrissey Association Inc?
The Schooner Ernestina-Morrissey Association Inc was established with the primary objective of supporting the Schooner Ernestina. They utilize their website to disseminate information about the vessel's history and provide updates on efforts to preserve its future as a national treasure. The association's primary mission is to raise funds for the maintenance, equipment, crew, programming, and operation of the Schooner Ernestina-Morrissey, formerly known as the Effie M. Morrissey, serving as a sail training vessel, school ship, and educational enterprise. The funds collected are used to ensure the ship's upkeep, ensuring its continued operation as an educational resource for future generations.
Official website here: www.ernestina.org
Who is the CEO of Schooner Ernestina-Morrissey Association Inc?
Julius Britto is the Treasurer of Schooner Ernestina-Morrissey Association Inc.
Official website here: www.ernestina.org
What is the revenue of Schooner Ernestina-Morrissey Association Inc?
Schooner Ernestina-Morrissey Association Inc's revenue in 2022 was $586,649.
Official website here: www.ernestina.org
Who are the executives of Schooner Ernestina-Morrissey Association Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.ernestina.org
Where can I find the form 990 for Schooner Ernestina-Morrissey Association Inc?
Schooner Ernestina-Morrissey Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ernestina.org
Learn more at the official website: www.ernestina.org
Mission Statement of Schooner Ernestina-Morrissey Association Inc
The Schooner Ernestina-Morrissey Association, established with the primary objective of supporting the historic vessel Ernestina, aims to raise funds for its maintenance, equipment, crew, programming, and operation. The association intends to transform the Schooner Ernestina-Morrissey, formerly known as the Effie M. Morrissey, into a sail training vessel, school ship, and educational enterprise. The ultimate goal is to preserve this national treasure and provide opportunities for learning and experiential education. The association utilizes its website to disseminate information about the ship's history and updates on the efforts to secure its future.
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Impact
July, 2024
The Schooner Ernestina-Morrissey Association Inc's impact lies in preserving and promoting the historic Schooner Ernestina-Morrissey vessel. By raising funds for the maintenance, equipment, and operations of this national treasure, the organization contributes to maritime heritage conservation, educational programming, and sail training opportunities for future generations. Their efforts support the continued existence and educational value of the Schooner Ernestina, ensuring that its legacy remains alive and accessible to all who appreciate the arts and maritime history.
This information is meant to be a general summary of Schooner Ernestina-Morrissey Association 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: $427
- Gross Receipts: $586,649
Assets and Liabilities:
- Total Assets: $155,868
- Total Liabilities: $68,463
- Net Assets: $87,405
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Organization Details
Founding Year
2008
Phone
(508) 992-4900Principal Officer
Julius Britto
Main Address
226 CONDUIT STREET UNIT 1N, NEW BEDFORD, MA, 02745
Website
www.ernestina.orgNTEE Category
Code: A80 - Arts
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