Civic Intelligence

New Hampshire Boat Museum

EIN 02-0464218 • 501(c)3 • Moultonborough, NH

Profile

The new hampshire boat museum is an educational organization focusing on the boating heritage and life on the lakes and rivers of new hampshire.

130 Whittier HighwayMoultonborough, NH 03254

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.17x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$69,495

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

34th percentile

-0.4%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,329,984

Down $20,314 (-0.4%) from 2023

Liabilities

Up

$103,892

Up $16,917 (+19%) from 2023

Net Assets

Down

$5,226,092

Down $37,231 (-0.7%) from 2023

Revenue

Down

$611,589

Down $279,514 (-31%) from 2023

Expenses

Up

$734,369

Up $133,843 (+22%) from 2023

Net Income

Down

-$122,780

Down $413,357 (-142%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $593,644Liabilities 2011: $139,137Net Assets 2011: $454,5072011Assets 2012: $380,475Liabilities 2012: $133,720Net Assets 2012: $246,7552012Assets 2013: $1,576,438Liabilities 2013: $1,335,016Net Assets 2013: $241,4222013Assets 2014: $2,056,272Liabilities 2014: $1,320,409Net Assets 2014: $735,8632014Assets 2015: $2,160,202Liabilities 2015: $1,300,772Net Assets 2015: $859,4302015Assets 2016: $2,323,178Liabilities 2016: $790,133Net Assets 2016: $1,533,0452016Assets 2017: $2,061,077Liabilities 2017: $216,581Net Assets 2017: $1,844,4962017Assets 2018: $2,072,951Liabilities 2018: $80,639Net Assets 2018: $1,992,3122018Assets 2019: $2,315,470Liabilities 2019: $61,465Net Assets 2019: $2,254,0052019Assets 2020: $2,467,817Liabilities 2020: $147,361Net Assets 2020: $2,320,4562020Assets 2021: $4,627,524Liabilities 2021: $97,793Net Assets 2021: $4,529,7312021Assets 2022: $5,086,851Liabilities 2022: $142,247Net Assets 2022: $4,944,6042022Assets 2023: $5,350,298Liabilities 2023: $86,975Net Assets 2023: $5,263,3232023Assets 2024: $5,329,984Liabilities 2024: $103,892Net Assets 2024: $5,226,0922024

Highlighted filing

2024

Assets$5,329,984
Liabilities$103,892
Net Assets$5,226,092

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $150,462Expenses 2011: $262,094Net Income 2011: -$111,6322011Revenue 2012: $259,363Expenses 2012: $278,340Net Income 2012: -$18,9772012Revenue 2013: $308,323Expenses 2013: $313,656Net Income 2013: -$5,3332013Revenue 2014: $909,186Expenses 2014: $414,744Net Income 2014: $494,4422014Revenue 2015: $567,203Expenses 2015: $438,486Net Income 2015: $128,7172015Revenue 2016: $1,078,101Expenses 2016: $403,574Net Income 2016: $674,5272016Revenue 2017: $733,850Expenses 2017: $414,878Net Income 2017: $318,9722017Revenue 2018: $522,727Expenses 2018: $371,781Net Income 2018: $150,9462018Revenue 2019: $651,898Expenses 2019: $398,216Net Income 2019: $253,6822019Revenue 2020: $473,383Expenses 2020: $349,366Net Income 2020: $124,0172020Revenue 2021: $2,757,107Expenses 2021: $551,976Net Income 2021: $2,205,1312021Revenue 2022: $1,379,436Expenses 2022: $553,435Net Income 2022: $826,0012022Revenue 2023: $891,103Expenses 2023: $600,526Net Income 2023: $290,5772023Revenue 2024: $611,589Expenses 2024: $734,369Net Income 2024: -$122,7802024

Highlighted filing

2024

Revenue$611,589
Expenses$734,369
Net Income-$122,780

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.10$5.23$0.61$0.73$0.12
2023Detailed filing. Detailed filing data is available for this year.$5.35$0.09$5.26$0.89$0.60$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.09$0.14$4.94$1.38$0.55$0.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$0.10$4.53$2.76$0.55$2.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.15$2.32$0.47$0.35$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$0.06$2.25$0.65$0.40$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.08$1.99$0.52$0.37$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.06$0.22$1.84$0.73$0.41$0.32
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.79$1.53$1.08$0.40$0.67
2015Summary only. Only limited summary data is available for this year.$2.16$1.30$0.86$0.57$0.44$0.13
2014Summary only. Only limited summary data is available for this year.$2.06$1.32$0.74$0.91$0.41$0.49
2013Summary only. Only limited summary data is available for this year.$1.58$1.34$0.24$0.31$0.31$0.01
2012Summary only. Only limited summary data is available for this year.$0.38$0.13$0.25$0.26$0.28$0.02
2011Summary only. Only limited summary data is available for this year.$0.59$0.14$0.45$0.15$0.26$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.2
Gross Receipts
$672,383
Mission and Program Overview

Mission

The new hampshire boat museum is an educational organization focusing on the boating heritage and life on the lakes and rivers of new hampshire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,705,901$4,792,029▲ $86,128
Cash and Non-Interest-Bearing Accounts$162,506$214,631▲ $52,125
Investments in Publicly Traded Securities$133,609$144,756▲ $11,147
Pledges and Grants Receivable$103,364$74,370▼ $28,994
Savings and Temporary Cash Investments$206,615$37,613▼ $169,002
Accounts Receivable$18,000$0▼ $18,000
Inventories for Sale or Use$16,107$14,200▼ $1,907
Prepaid Expenses and Deferred Charges$0$8,448▲ $8,448
Intangible Assets$0$0→ $0
Total Assets$5,349,852$5,329,984▼ $19,868
Other Assets Total$3,750$43,937▲ $40,187
Liabilities
Mortgage Notes Payable Secured by Investment Property$70,035$59,682▼ $10,353
Accounts Payable and Accrued Expenses$8,259$33,955▲ $25,696
Deferred Revenue$8,235$10,255▲ $2,020
Total Liabilities$86,529$103,892▲ $17,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,827,970$4,821,530▼ $6,440
Net Assets With Donor Restrictions$435,353$404,562▼ $30,791
Total Net Assets Fund Balance$5,263,323$5,226,092▼ $37,231
Total Liabilities and Net Assets / Fund Balance$5,349,852$5,329,984▼ $19,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,221,356$260,198$4,481,554
Equipment$302,109$218,512$520,621
Land$268,564-$268,564
Other Land Buildings$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$137,998$0▲ $17,093-$155,091
2023$121,175-▲ $16,823-$137,998
2022$143,393$2,174▼ $24,392-$121,175
2021$113,744$17,620▲ $12,029-$143,393
2020$76,128$30,005▲ $7,611-$113,744
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martha CummingsExecutive DirectorFT$60,100$9,395$69,495

Board Members and Trustees

NameTitle
Jaime LaurentCo-chairperson
Stephanie InglisCo-chairperson
Don SmithVice Chairperson
Allison HartTrustee
Bob StroughTrustee
Cheryl GoebelTrustee
Jeff ReillyTrustee
John Van LonkhuyzenTrustee
Max BarrettTrustee
Nancy BlackTrustee
Kerry LynchSecretary
Mary SimpsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$406,557
Program Service Revenue
$140,718
Investment Income
$8,845
Other Revenue
$55,469
All Other Contributions
$264,748
Change in Net Assets
$-122,780

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000Fair Market Value
Other Non Cash Contri Table1$9,100Fair Market Value
Total Noncash Contributions2$34,100-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$499,843
Salaries, Compensation, and Employee Benefits$234,526
Total Fundraising Expense$44,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,095$35,509$28,695$150,299
Depreciation Depletion$96,741$25,953-$122,694
Occupancy$33,329$27,947-$61,276
Current Officers, Directors, Trustees, and Key Employees$48,080$6,010$6,010$60,100
Advertising$6,391$24,018$5,669$36,078
Insurance$8,620$22,128-$30,748
All Other Expenses-$26,037-$26,037
Payroll Taxes$9,273$2,870$2,399$14,542
Other Expenses$13,299$88,142-$13,299
Other Employee Benefits$6,113$1,891$1,581$9,585
Office Expenses-$8,927$230$9,157
Travel-$3,699-$3,699
Interest-$2,314-$2,314
Total Functional Expenses$414,340$275,445$44,584$734,369
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$102,063
Fundraising Direct Expenses$50,853
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Appeal$86,038-$0-
Boat Auction$48,393$48,393$25,065$23,328
Total Events$203,328$102,063$50,853$51,210
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive committee of the board prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to sign off on the policy on an annual basis and are required to update the board as to any changes during the year.

Form 990, Part VI, Section B, Line 15A

The executive committee performed a study of compensation to executive directors in the new england area. A recommendation was brought to the entire board for review and was accepted by the board. The finance committee reviews the compensation package in october and makes a recommendation regarding any changes for the following year to the board.

Form 990, Part VI, Section C, Line 19

The organization publishes the financial statements in the annual newsletter.

Filing and Contact Details

Filer

Filer Name
New Hampshire Boat Museum
EIN
02-0464218
Phone
6035694554
Address
130 WHITTIER HIGHWAY, MOULTONBOROUGH, NH 03254

Signing Officer

Name
Mary Simpson
Title
Treasurer
Phone
6035694554
Signed
2025-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Laurent
Formed
1992
Legal Domicile
Nh
Voting Board Members
12
Independent Board Members
12
Employees
29
Volunteers
147

Preparer

Firm
Leone Mcdonnell & Roberts Pa
Address
61 SOUTH MAIN STREET PO BOX 1140, WOLFEBORO, NH 03894
Preparer
Ryan T Maran CPA
Phone
6035691953
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Postge, printing, and reproduction: program service expenses 0. Management and general expenses 11,675. Fundraising expenses 0. Total expenses 11,675. Dues and subscriptions: program service expenses 0. Management and general expenses 3,554. Fundraising expenses 0. Total expenses 3,554. Volunteer: program service expenses 0. Management and general expenses 3,274. Fundraising expenses 0. Total expenses 3,274. Information technology: program service expenses 0. Management and general expenses 2,824. Fundraising expenses 0. Total expenses 2,824. Bank service charges: program service expenses 0. Management and general expenses 2,612. Fundraising expenses 0. Total expenses 2,612. Contributions and grants: program service expenses 0. Management and general expenses 1,755. Fundraising expenses 0. Total expenses 1,755. Miscellaneous expenses: program service expenses 0. Management and general expenses 203. Fundraising expenses 0. Total expenses 203. Payroll processing fees: program service expenses 0. Management and general expenses 140. Fundraising expenses 0. Total expenses 140.

FORM 990, PART XI, LINE 9:

Increase in beneficial interest 1,788.

Financial Statement Notes

PART III, LINE 1A:

The museum's collections, acquired through purchase and donation, are not recognized as assets in the financial statements.

PART III, LINE 4:

Collections are maintained for public exhibition, education and research in furtherance of public service, rather than for financial gain.

PART V, LINE 4:

To provide income to be used for building maintenance.

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE NEW HAMPSHIRE BOAT MUSEUM IS AN EDUCATIONAL ORGANIZATION FOCUSING ON THE BOATING HERITAGE AND LIFE ON THE LAKES AND RIVERS OF NEW HAMPSHIRE.
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0130 WHITTIER HIGHWAY
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IRS990/Desc0MUSEUM: THE NEW HAMPSHIRE BOAT MUSEUM WAS FOUNDED IN 1992 BY A GROUP OF ANTIQUE AND CLASSIC BOATING ENTHUSIATES WHO WANTED TO SHARE THEIR LOVE OF NEW HAMPSHIRE'S FRESHWATER BOATING HERITAGE. THE NEW HAMPSHIRE BOAT MUSEUM HAS HOUSED ITS COLLECTION FOR THE PAST 20+ YEARS IN WOLFEBORO, NH IN A 5,000 SQUARE FOOT ROUND ROOF BUILDING BUILT IN 1954, OPEN ON A SEASONAL BASIS. IN 2022, FOLLOWING A MULTI-YEAR CAPITAL CAMPAIGN, THE NEW HAMPSHIRE BOAT MUSEUM PURCHASED A 24,000 SQUARE FOOT BUILDING IN MOULTONBOROUGH, NH TO EXPAND OPERATIONS. THE NEW HAMPSHIRE BOAT MUSEUM'S HEADQUARTERS WAS RELOCATED THERE IN 2024 FOLLOWING RENOVATIONS. THE NEW FACILITY IS FOCUSED ON THE NH BOAT MUSEUM AS A YEAR-ROUND PREMIER DESTINATION, REINFORCING NEW HAMPSHIRE'S TOURISM BRAND. THIS PHASE CATALYZES THE VITALITY AND ECONOMIC DEVELOPMENT OF THE LOCAL COMMUNITY, REGION, AND STATE. COMMUNITY EDUCATIONAL AND MEETING SPACE, FLEXIBLE EXHIBITION SPACES, OFFICES, AND CONFERENCE AREAS ARE AVAILABLE FOR VISITORS AND ORGANIZATIONS TO THE MUSEUM. THE RENOVATED SPACES HOST NUMEROUS VENUES, WORKSHOPS, GATHERINGS, AND PARTNERSHIPS, ALL STIMULATING LOCAL COMMERCE WHILE PROMOTING LOCAL HERITAGE AND CULTURAL PRIDE, WHILE SERVING AS A KEY DRIVER FOR LOCAL ECONOMIC GROWTH. THE WOLFEBORO CAMPUS WILL CONTINUE TO HOST MANY SEASONAL PROGRAMS DURING SPRING AND SUMMER.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL PROGRAMS: THE NEW HAMPSHIRE BOAT MUSEUM OFFERS CORE EDUCATIONAL PROGRAMS THAT INCLUDE BOAT BUILDING CLASSES FOR ADULTS, FAMILIES, AND YOUTH; SAILING FOR YOUTH AND ADULTS IN PARTNERSHIP WITH WOLFEBORO PARKS AND RECREATION; MODEL YACHTING AND MODEL YACHT KIT BUILDING CLASSES; LAKE DISCOVERY DAYS FOR ELEMENTARY SCHOOL-AGED CHILDREN; ON-WATER BOATING SAFETY CLASSES AND MORE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0VINTAGE BOAT RIDES: THE MUSEUM OFFERS VINTAGE BOAT RIDES WHICH TOUR LAKE WINNIPESAUKEE ON TWO 28-FOOT MAHOGANY HACKER-CRAFT. RIDERS EXPERIENCE THE GOLDEN AGE OF BOATING WHILE VIEWING SPECTACULAR SCENERY AND MAGNIFICENT HOMES AND BOAT HOUSES, WITH FASCINATING NARRATION BY THEIR CAPTAIN ABOUT THE LAKE'S HISTORY, GEOGRAPHY, GEOLOGY, AND WILDLIFE.
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