Overview
What is Wisconsin Maritime Museum Inc?
Wisconsin Maritime Museum Inc, located in Manitowoc, Wisconsin, is a renowned nonprofit organization that profoundly engages and educates the public about the maritime history of Wisconsin and the Great Lakes. This esteemed institution, recognized as the "Premier Maritime Museum on the Great Lakes," boasts a substantial collection of artifacts and archival materials related to the region's maritime past. The museum is particularly known for its World War II submarines, including USS COBIA. In 2022, the museum underwent significant growth with the acquisition of over 10,000 shipwreck artifacts from a private collector. These new additions have led to an expansion of the museum's storage facility, which will now house a museum-quality storage facility, conservation lab, teaching space, boat restoration lab, and enhanced behind-the-scenes capabilities. The Wisconsin Maritime Museum's mission is to preserve and share this rich maritime heritage through interactive exhibits, research, and award-winning educational programs. In 2022, numerous new and updated exhibits were unveiled, including exterior interpretive signage, photographic and fine art exhibits, updates to the Underwater Treasures exhibit, and an updated lobby exhibit area. The museum employs 44 individuals, dedicated to preserving and promoting the maritime history of Wisconsin and the Great Lakes.
Official website here: www.wisconsinmaritime.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
The Wisconsin Maritime Museum Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall performance. While the organization has a high score for accountability and finance, achieving a perfect score in areas such as independent board member composition and conflict of interest policy, it has notably lower scores in other categories, particularly the program expense ratio.
One of the strengths of the museum is its governance structure, featuring a fully independent board and robust policies for oversight, including whistleblower and document retention policies. This demonstrates a commitment to transparency and ethical management practices. Additionally, the financial health appears stable with a low liabilities to assets ratio, indicating sound financial management.
However, the museum's program expense ratio is significantly low at 51.80%, which suggests that less than half of its expenses are directed towards its programs and services. This raises concerns about the effectiveness and impact of its operations, highlighting a critical area for potential improvement. Overall, while the museum exhibits strong governance, its financial practices may require reevaluation to enhance its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Maritime Museum Inc legitimate?
Wisconsin Maritime Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin 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: $94,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $563,050
For more financial information, click here
Official website here: www.wisconsinmaritime.org
What is the mission statement of Wisconsin Maritime Museum Inc?
The Wisconsin Maritime Museum Inc serves to engage and educate the public about the maritime history of Wisconsin and the Great Lakes. This is achieved through various means, such as collecting and preserving artifacts and archival materials, creating interactive exhibits, promoting research, and presenting award-winning educational programs. The museum shares the rich heritage of Wisconsin's World War II submarines, including the USS Cobia, making it a valuable forum for information about the planet's largest freshwater system. Recognized as one of the leading maritime museums in the country, the Wisconsin Maritime Museum is also known as the "premier maritime museum on the Great Lakes." In 2005, the state assembly officially designated it as "The State of Wisconsin's Maritime Museum."
Official website here: www.wisconsinmaritime.org
Who is the CEO of Wisconsin Maritime Museum Inc?
Stephen Dudek is the Principal Officer of Wisconsin Maritime Museum Inc.
Official website here: www.wisconsinmaritime.org
What is the revenue of Wisconsin Maritime Museum Inc?
Wisconsin Maritime Museum Inc's revenue in 2022 was $1,334,342.
Official website here: www.wisconsinmaritime.org
Who are the executives of Wisconsin Maritime Museum Inc and what are their salaries?
The average compensation at Wisconsin Maritime Museum Inc during 2022 was $14,949. There are 44 employees and 58 volunteers at Wisconsin Maritime Museum Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $90,528
- Related: $0
- Other: $4,187
Official website here: www.wisconsinmaritime.org
Where can I find the form 990 for Wisconsin Maritime Museum Inc?
Wisconsin Maritime Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wisconsinmaritime.org
Learn more at the official website: www.wisconsinmaritime.org
Mission Statement of Wisconsin Maritime Museum Inc
Wisconsin Maritime Museum Inc plays a significant role in educating the public about the maritime history of Wisconsin and the Great Lakes. As a leading maritime museum in the country, it is recognized for its collection and preservation of artifacts and archival materials related to this rich heritage. The museum engages its visitors through interactive exhibits, promoting research, and presenting award-winning educational programs.
One of the museum's primary focuses is on Wisconsin's World War II submarines and the USS Cobia. By sharing this history, the Wisconsin Maritime Museum Inc serves as a valuable resource for those interested in understanding the maritime past of the Great Lakes region. The museum's mission extends beyond exhibition, as it also promotes research in the field of maritime history, making it a vital forum for information about the planet's largest freshwater system.
The Wisconsin Maritime Museum Inc is a privately funded organization that is dedicated to engaging and educating the public about the maritime history of Wisconsin and the Great Lakes. Through its collection, exhibits, and educational programs, the museum provides a comprehensive and engaging exploration of this crucial aspect of Wisconsin's past. Its focus on World War II submarines and the USS Cobia offers a unique perspective on the region's maritime history, making the Wisconsin Maritime Museum Inc an essential destination for anyone interested in the subject.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Wisconsin Maritime Museum Inc's impact can be seen through its dedication to engaging and educating the public about the rich maritime history of Wisconsin and the Great Lakes. The museum's significant collections acquisitions in 2022, including over 10,000 shipwreck artifacts, demonstrate its commitment to preserving and sharing this important heritage.
The museum's efforts to curate these new items in conjunction with the state of Wisconsin, and the planned redevelopment of its offsite storage facility to house a museum-quality storage facility, conservation lab, teaching space, and boat restoration lab, highlight its emphasis on conservation and education.
Furthermore, the enactment of numerous new and updated exhibits in 2022, such as exterior interpretive signage, rotating photographic and fine art exhibits, updates to the underwater treasures exhibit, and enhancements to the lobby exhibit area, showcase the museum's dedication to providing engaging and informative experiences for visitors.
Overall, Wisconsin Maritime Museum Inc's impact can be seen not only through its collection and preservation of artifacts and archival materials but also through its interactive exhibits, research promotion, and award-winning educational programs. As one of the leading maritime museums in the country and recognized as the "premier maritime museum on the Great Lakes," the museum plays a vital role in sharing the history and significance of Wisconsin's maritime heritage with the public.
This information is meant to be a general summary of Wisconsin 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 2022.
- Investment Income: $76,844
- Program Service Revenue: $510,722
- Gross Receipts: $1,426,482
Assets and Liabilities:
- Total Assets: $5,237,314
- Total Liabilities: $506,147
- Net Assets: $4,731,167
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$334,166
SUBMARINE OVERNIGHT
Revenue
$123,991
EDUCATIONAL PROGRAMS
Revenue
$32,101
SUB BNB
Revenue
$20,464
Organization Details
Founding Year
1968
Phone
(920) 684-0218Principal Officer
Stephen Dudek
Main Address
75 MARITIME DRIVE, MANITOWOC, WI, 54220
Website
www.wisconsinmaritime.orgNTEE Category
Code: A500 - Arts
If you are a representative of Wisconsin Maritime Museum Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.