Overview
What is Richardson Maritime Museum Incorporated?
Richardson Maritime Museum Incorporated is a nonprofit organization located in Cambridge, Maryland. With a single employee, their mission is centered around preserving and celebrating the traditional wooden boatbuilding heritage of Dorchester County and the Chesapeake Bay area. They achieve this by conducting research, conserving artifacts and archives, showcasing exhibits, and providing an educational facility for the marine trades. Their work aims to preserve this historical craft for future generations to appreciate.
Official website here: www.richardsonmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%
Richardson Maritime Museum Incorporated has received a One-Star out of Four Star rating, reflecting a score of 57%. This rating indicates concerns regarding the organization's accountability and financial practices. While the museum has a fully independent board of five members, the lack of essential policies such as conflict of interest, whistleblower, and document retention is a significant drawback.
The museum demonstrates some strengths, including a positive program expense ratio of 63.37%, suggesting a substantial portion of its resources is allocated to its programs. Additionally, there is no material diversion of assets reported, which points to a level of financial integrity. However, the liabilities to assets ratio stands at 64.98%, which may raise questions regarding the organization's financial health and sustainability.
Overall, potential donors and stakeholders should weigh these factors carefully. The absence of crucial governance policies could pose risks for the organization, impacting its efficacy and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Richardson Maritime Museum Incorporated legitimate?
Richardson Maritime Museum Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richardson Maritime Museum Incorporated 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,998
For more financial information, click here
Official website here: www.richardsonmuseum.org
What is the mission statement of Richardson Maritime Museum Incorporated?
The Richardson Maritime Museum Incorporated is committed to safeguarding and celebrating the traditional boatbuilding culture of Maryland's Eastern Shore, specifically Dorchester County, and the Chesapeake Bay area. They accomplish this mission through various means, including conducting research, preserving artifacts and archives, exhibiting these items to the public, and operating an education facility focused on the marine trades. The museum and wooden boat building center aim to educate and engage the community in the rich maritime history of the region.
Official website here: www.richardsonmuseum.org
Who is the CEO of Richardson Maritime Museum Incorporated?
Martin Hardy is the Chairman of Richardson Maritime Museum Incorporated.
Official website here: www.richardsonmuseum.org
What is the revenue of Richardson Maritime Museum Incorporated?
Richardson Maritime Museum Incorporated's revenue in 2022 was $64,183.
Official website here: www.richardsonmuseum.org
Who are the executives of Richardson Maritime Museum Incorporated and what are their salaries?
The average compensation at Richardson Maritime Museum Incorporated during 2022 was $49,998. There is 1 employee and 20 volunteers at Richardson Maritime Museum Incorporated.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.richardsonmuseum.org
Where can I find the form 990 for Richardson Maritime Museum Incorporated?
Richardson Maritime Museum Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richardsonmuseum.org
Learn more at the official website: www.richardsonmuseum.org
Mission Statement of Richardson Maritime Museum Incorporated
Richardson Maritime Museum Incorporated is committed to safeguarding and celebrating the legacy of wooden boat construction in Maryland's Eastern Shore and the Chesapeake Bay area. This nonprofit organization achieves this mission through various means, including research, preservation, and exhibition of related artifacts and archives. Furthermore, they operate an educational facility focused on the marine trades, aiming to preserve and promote the boatbuilding heritage for future generations. By doing so, Richardson Maritime Museum Incorporated contributes to a deeper understanding and appreciation of this rich maritime tradition.
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Impact
August, 2024
Richardson Maritime Museum Incorporated, based in Cambridge, MD, is making a significant impact by preserving and promoting the boat building heritage of Dorchester County, Maryland, and the Chesapeake Bay area. Through their museum and wooden boat building center, they are involved in research, preservation, exhibition of artifacts and archives, as well as providing an education facility for the marine trades. Their efforts help to ensure that this unique maritime heritage is not only preserved for future generations but also actively promoted and celebrated.
This information is meant to be a general summary of Richardson Maritime Museum Incorporated. 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: $1,357
- Program Service Revenue: $51,381
- Gross Receipts: $64,183
Assets and Liabilities:
- Total Assets: $1,183,234
- Total Liabilities: $769,087
- Net Assets: $414,147
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Organization Details
Founding Year
1992
Phone
(410) 221-1871Principal Officer
Martin Hardy
Main Address
PO BOX 1198, CAMBRIDGE, MD, 21613
Website
www.richardsonmuseum.orgNTEE Category
Code: A99Z - Arts
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