Overview
What is Great Lakes Shipwreck Historical So?
Great Lakes Shipwreck Historical Society, headquartered at 400 WEST PORTAGE, Sault Sainte Marie, MI 49783, is a dedicated nonprofit organization with a mission to foster an appreciation and understanding of maritime history, with a special focus on the Great Lakes. Their activities involve the identification, preservation, and restoration of significant maritime facilities. The society promotes this mission by augmenting the knowledge and admiration of the maritime history specifically related to the Great Lakes. The organization, with a workforce of 34 individuals, is committed to this cause, contributing to the preservation of our rich maritime heritage.
Official website here: www.shipwreckmuseum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
The Great Lakes Shipwreck Historical Society has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scores well in some areas, including having a fully independent board with 12 members and no reported diversion of assets. However, the overall score reflects significant gaps in governance policies, which could impact stakeholder trust.
Strengths include a high program expense ratio of 66.93%, suggesting that a substantial portion of their funding goes directly to their programs. Additionally, the charity has successfully listed its website on its tax form and maintains documentation of board meeting minutes. Such practices contribute positively to transparency and operational integrity.
Despite these strengths, limitations are evident in the absence of key governance policies such as conflict of interest, whistleblower, and document retention policies. These missing elements could raise concerns regarding the charity's overall governance framework and its commitment to ethical practices. Addressing these issues could enhance the organization's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Great Lakes Shipwreck Historical So legitimate?
Great Lakes Shipwreck Historical So is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Lakes Shipwreck Historical So 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: $91,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,396
For more financial information, click here
Official website here: www.shipwreckmuseum.com
What is the mission statement of Great Lakes Shipwreck Historical So?
The Great Lakes Shipwreck Historical Society's mission is centered around promoting and enhancing the understanding and appreciation of maritime history, with a specific focus on the Great Lakes region. They aim to accomplish this by cultivating museum facilities that serve as platforms for showcasing and preserving maritime artifacts and stories. Furthermore, the society is committed to identifying, preserving, and restoring maritime relics related to the Great Lakes, thereby contributing to the overall knowledge and appreciation of this historical period.
Official website here: www.shipwreckmuseum.com
Who is the CEO of Great Lakes Shipwreck Historical So?
Bruce Lynn is the Executive Di of Great Lakes Shipwreck Historical So.
Official website here: www.shipwreckmuseum.com
What is the revenue of Great Lakes Shipwreck Historical So?
Great Lakes Shipwreck Historical So's revenue in 2022 was $1,226,774.
Official website here: www.shipwreckmuseum.com
Who are the executives of Great Lakes Shipwreck Historical So and what are their salaries?
The average compensation at Great Lakes Shipwreck Historical So during 2022 was $9,637. There are 34 employees and 34 volunteers at Great Lakes Shipwreck Historical So.
Here are 16 key members and their salaries:
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- Other: $2,738
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Official website here: www.shipwreckmuseum.com
Where can I find the form 990 for Great Lakes Shipwreck Historical So?
Great Lakes Shipwreck Historical So's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shipwreckmuseum.com
Learn more at the official website: www.shipwreckmuseum.com
Mission Statement of Great Lakes Shipwreck Historical So
The Great Lakes Shipwreck Historical Society, in its mission, strives to promote and enhance the understanding and appreciation of maritime history with a specific focus on the Great Lakes. By emphasizing the significance of maritime history, the organization aims to augment the public's knowledge and interest in this area. The society's mission extends to protecting and preserving historical maritime facilities, including ships and museums, to ensure their continued existence and accessibility for future generations. Through identification, preservation, and restoration efforts, the Great Lakes Shipwreck Historical Society plays a vital role in safeguarding the rich maritime heritage of the Great Lakes region.
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Impact
July, 2024
The Great Lakes Shipwreck Historical Society has had a significant impact on promoting an understanding and appreciation of maritime history, with a particular emphasis on Great Lakes maritime history. Through their efforts in identification, preservation, and restoration of shipwrecks, the Society has contributed to the preservation of cultural heritage and the telling of stories from the past. Their work not only educates the public about the maritime history of the Great Lakes but also helps in honoring the lives and events associated with these shipwrecks. By operating museum facilities and organizing various educational programs, the Society plays a crucial role in keeping the maritime history alive and relevant to present and future generations.
This information is meant to be a general summary of Great Lakes Shipwreck Historical So. 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: $3,210
- Program Service Revenue: $903,059
- Gross Receipts: $2,237,243
Assets and Liabilities:
- Total Assets: $3,917,790
- Total Liabilities: $165,695
- Net Assets: $3,752,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$879,544
MEMBERSHIP
Revenue
$23,515
Organization Details
Founding Year
1978
Phone
(906) 635-1757Principal Officer
Bruce Lynn
Main Address
400 WEST PORTAGE, SAULT SAINTE MARIE, MI, 49783
Website
www.shipwreckmuseum.comNTEE Category
Code: A800 - Arts
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