Overview
What is Kalmar Nyckel Foundation?
The Kalmar Nyckel Foundation, situated in Wilmington, Delaware, is a volunteer-driven educational organization with a passion for preserving and promoting Delaware and the Delaware Valley's historical, cultural, maritime, and commercial heritage. As a faithful replica of the 17th-century ship that established New Sweden, the present-day Kalmar Nyckel serves as a floating classroom and a motivational platform for its award-winning educational programs. Annually, the ship journeys over 3,000 nautical miles, sailing from April to November, and its ship and shore programs engage over 30,000 individuals during a typical year. The foundation's mission is to preserve and promote Delaware's culture and maritime heritage for the education and enrichment of all.
Official website here: www.kalmarnyckel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Kalmar Nyckel Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects a strong commitment to transparency and effective governance, with a perfect score in categories such as independent board membership, financial oversight, and adherence to conflict of interest and whistleblower policies.
The foundation's financial practices are notably robust, boasting a program expense ratio of 73.23%, suggesting that a significant portion of its budget is directed toward its programs rather than administrative costs. Additionally, the foundation has no reported material diversion of assets, which reinforces its reliability and integrity as a nonprofit organization.
However, while the foundation excels in financial accountability, the summary does not provide insight into the outcomes or impact of its programs. Potential donors and supporters may want to seek further information about the foundation's specific initiatives and the measurable effects they have on the community. Overall, the Kalmar Nyckel Foundation demonstrates a strong foundation in responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Kalmar Nyckel Foundation legitimate?
Kalmar Nyckel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalmar Nyckel Foundation 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: $0
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Other Salaries and Wages: $636,005
For more financial information, click here
Official website here: www.kalmarnyckel.org
What is the mission statement of Kalmar Nyckel Foundation?
The Kalmar Nyckel Foundation, being a volunteer-led educational organization, has a mission to preserve and promote the cultural and maritime heritage of Delaware and the Delaware Valley. This is done with the intention of educating and enriching all individuals. The foundation utilizes the tall ship Kalmar Nyckel, a faithful reproduction of the 17th-century vessel that established the New Sweden colony, as a platform for its award-winning educational programs. The modern-day Kalmar Nyckel serves as a floating classroom and an inspiring platform, sailing over 3,000 nautical miles annually and reaching over 30,000 people through its ship and shore programs each year.
Official website here: www.kalmarnyckel.org
Who is the CEO of Kalmar Nyckel Foundation?
John Morton is the Trustee of Kalmar Nyckel Foundation.
Official website here: www.kalmarnyckel.org
What is the revenue of Kalmar Nyckel Foundation?
Kalmar Nyckel Foundation's revenue in 2022 was $1,416,148.
Official website here: www.kalmarnyckel.org
Who are the executives of Kalmar Nyckel Foundation and what are their salaries?
The average compensation at Kalmar Nyckel Foundation during 2022 was $20,516. There are 31 employees at Kalmar Nyckel Foundation.
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Official website here: www.kalmarnyckel.org
Where can I find the form 990 for Kalmar Nyckel Foundation?
Kalmar Nyckel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kalmarnyckel.org
Learn more at the official website: www.kalmarnyckel.org
Mission Statement of Kalmar Nyckel Foundation
The Kalmar Nyckel Foundation is a volunteer-driven educational organization with a mission to preserve and promote the cultural and maritime heritage of Delaware and the Delaware Valley. This nonprofit organization endeavors to enrich and educate the public by utilizing the tall ship Kalmar Nyckel as a platform. As a faithful reproduction of the square-rigged ship that established New Sweden in 1638, this modern-day Kalmar Nyckel serves as a floating classroom and an inspiring platform for the foundation's award-winning educational programs. The Kalmar Nyckel sails over 3,000 nautical miles annually, from April to November, and its ship and shore programs reach over 30,000 people during a typical year.
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Impact
July, 2024
The Kalmar Nyckel Foundation's impact is deeply rooted in preserving and promoting the cultural and maritime heritage of Delaware and the Delaware Valley. By utilizing the iconic tall ship Kalmar Nyckel as a platform, the foundation provides unique and award-winning educational programming that reaches over 30,000 people annually. Through the vessel's voyages spanning over 3,000 nautical miles each year, the foundation serves as an inspirational floating classroom, imparting knowledge and fostering a deeper appreciation for the historical, cultural, and commercial legacy of the region. The modern-day Kalmar Nyckel has become a cornerstone of educational enrichment, showcasing the importance of heritage preservation through engaging activities and immersive experiences.
This information is meant to be a general summary of Kalmar Nyckel Foundation. 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: $130
- Program Service Revenue: $294,109
- Gross Receipts: $1,481,103
Assets and Liabilities:
- Total Assets: $9,078,536
- Total Liabilities: $3,789,851
- Net Assets: $5,288,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHIP SAILS AND CHARTER
Revenue
$237,751
EDUCATION
Revenue
$56,358
Organization Details
Founding Year
1958
Phone
(302) 429-7447Principal Officer
John Morton
Main Address
1124 EAST 7TH STREET, WILMINGTON, DE, 19801
Website
www.kalmarnyckel.orgNTEE Category
Code: A54 - Arts
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