Form 990, Part VI, Section A, line 6
“The members contribute to the mission of the corporation”
990 • Fiscal year 2021 • EIN 04-3020719
Scores are not available for this record yet.
Assets
Down$2,411,119
Down $119,810 (-4.7%) from 2020
Net Assets
Down$1,988,032
Down $95,313 (-4.6%) from 2020
Liabilities
Down$423,087
Down $24,497 (-5.5%) from 2020
Revenue
Up$638,810
Up $264,137 (+70%) from 2020
Expenses
Up$734,123
Up $198,909 (+37%) from 2020
Net Income
Up-$95,313
Up $65,228 (+41%) from 2020
Preservation of the schooner "adventure"
To inform the general public about schooners and their place in history. Further, the preservation of the schooner adventure.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,366,610 | $2,200,821 | ▼ $165,789 |
| Cash and Non-Interest-Bearing Accounts | $145,087 | $164,827 | ▲ $19,740 |
| Savings and Temporary Cash Investments | $13,884 | $35,427 | ▲ $21,543 |
| Inventories for Sale or Use | $5,148 | $5,055 | ▼ $93 |
| Prepaid Expenses and Deferred Charges | - | $4,334 | - |
| Accounts Receivable | - | $455 | - |
| Total Assets | $2,530,929 | $2,411,119 | ▼ $119,810 |
| Other Assets Total | $200 | $200 | → $0 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $285,921 | $266,405 | ▼ $19,516 |
| Unsecured Notes Loans Payable | $149,900 | $149,900 | → $0 |
| Accounts Payable and Accrued Expenses | $11,763 | $6,782 | ▼ $4,981 |
| Total Liabilities | $447,584 | $423,087 | ▼ $24,497 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,081,169 | $1,953,501 | ▼ $127,668 |
| Net Assets With Donor Restrictions | $2,176 | $34,531 | ▲ $32,355 |
| Total Net Assets Fund Balance | $2,083,345 | $1,988,032 | ▼ $95,313 |
| Total Liabilities and Net Assets / Fund Balance | $2,530,929 | $2,411,119 | ▼ $119,810 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,188,135 | $2,790,815 | $4,978,950 |
| Other Land Buildings | $12,686 | $186,409 | $199,095 |
| Name | Title |
|---|---|
| John Morris | President |
| John Thompson | Vice President-development |
| Peter Madsen | Vice President-operations |
| DAVID O'HARA | Director |
| Dan Guiliano | Director |
| David Rhinelander | Director |
| Elizabeth Rhinelander | Director |
| Greg Bover | Director |
| Jim Taylor | Director |
| Jonathan Jacques | Director |
| Kenneth Riaf | Director |
| Pamela Bynum | Director |
| Peter Souza | Director |
| William Barton | Director |
| William Whitney | Director |
| Tom Dexter | Secretary |
| Margot Hintlian | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $418,627 |
| Salaries, Compensation, and Employee Benefits | $315,496 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $146,495 | $130,583 | - | $277,078 |
| Depreciation Depletion | $165,789 | - | - | $165,789 |
| Insurance | $52,399 | - | - | $52,399 |
| Information Technology | $2,859 | $23,703 | - | $26,562 |
| Payroll Taxes | $12,235 | $10,850 | - | $23,085 |
| Other Employee Benefits | $15,333 | - | - | $15,333 |
| All Other Expenses | $8,231 | $4,458 | - | $12,689 |
| Interest | $12,007 | - | - | $12,007 |
| Advertising | $10,672 | - | - | $10,672 |
| Fees for Services Other | $1,463 | $7,298 | - | $8,761 |
| Fees for Services Accounting | - | $5,375 | - | $5,375 |
| Other Expenses | $7,397 | $4,006 | - | $4,006 |
| Office Expenses | - | $3,626 | - | $3,626 |
| Fees for Services Legal | - | $380 | - | $380 |
| Total Functional Expenses | $539,524 | $194,599 | $0 | $734,123 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $762,812 |
| Expenses per Audited Statements | $734,123 |
| Total Expenses per Form 990 | $734,123 |
| Expenses Not Reported on Form 990 | $28,689 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $136,629 |
| Fundraising Direct Expenses | $22,274 |
| Professional Fundraising Fees | $0 |
“The members contribute to the mission of the corporation”
“The directors have the voting rights and vote at the annual meeting to elect the officers and directors.”
“The form 990 is presented to the treasurer for approval.”
“Annually the board of directors and officers are required to disclose, if any, conflicts of interest in writing.”
“Form 990 is available upon written request to the organization or by written request to the attorney general's office.”
“Form 990, the annual financial statements, and the governing instruments are available upon written request to the organization or by written request to the attorney general's office where they are on file and available for public inspection.”
“John morris - 37 scribner road, tyngsboro, ma 01879. Peter madsen - 94 wolcott road, chestnut hi,,, ma 02467. William barton - one west beachlane, beverly, ma 01915. Tom dexter - 107 wheeler street, gloucester, ma 01930. Greg bover - 3 summit avenue, rockport, ma 01966. Peter souza - 8 friend street, gloucester, ma 01930. David o'hara - po box 107, hamilton, ma 01936. William whitney - 75 kingsbury street, needham, ma 02492. David rhinelander - 16 pine street, gloucester, ma 01930. Margot hintlian - 5 whale cove road, rockport, ma 01966. Elizabeth rhinelander - 17 high street, beverly, ma 01915. Kenneth riaf - 2 duncan street, gloucester, ma 01930. Jim taylor - 8 wyman road, marblehead, ma 01945. Jonathan jacques - 22 forester road, manchester, ma 01944. Pamela bynum - 84 granite street, rockport, ma 01966. Dan guiliano - 27 congress street, boston, ma 01970. John thompson - 4 ruthern way, rockport, ma 01966.”
“Part i,lines 17,18,20,and 22;part ix lines 4a,9b,23b,and 25b;part x, lines 9b,16b,and 27b; and part xi,lines 2,3,and 10 have all been effected by the error. The form 990 has been amended to correct an error in reporting prepaid insurance, insurance expense, and employee benefits.prepaid insurance has been reduced by $38,802,and insurance expense by $38,254,and employee benefits by $548.”
“Cost of goods sold netted against gross sales 6415. Fundraising expenses netted against fundraising income 22274.”
“Cost of goods sold netted against gross sales 6415. Fundraising expenses netted against fundraising income 22274.”
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/Desc | 0 | TO PRESERVE THE SCHOONER ADVENTURE AS A LIVING SYMBOL OF AMERICA'S MARITIME HERITAGE, AND AS A COMMUNITY RESOURCE FOR EDUCATIONAL PROGRAMMING FOCUSING ON MARITIME,CULTURAL, AND ENVIRONMENTAL ISSUES |
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| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2366610 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2200821 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5178045 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 8067 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PRESERVATION OF THE SCHOONER "ADVENTURE" |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 285921 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 266405 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2083345 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1988032 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | 114355 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 114355 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | -692 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -692 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2081169 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1953501 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3626 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3626 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 200 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 200 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 15333 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 15333 |
| IRS990/OtherExpensesGrp/Desc | 0 | VESSEL EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK AND CREDIT CARD CH |
| IRS990/OtherExpensesGrp/Desc | 2 | STORAGE |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 4320 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 4006 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 104644 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 7397 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 104644 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 7397 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4320 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 4006 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 130583 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 146495 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 277078 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 10850 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 12235 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 23085 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4334 |
| IRS990/PrincipalOfficerNm | 0 | JOHN MORRIS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SHIP CHARTERS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 66554 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 66554 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 310345 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 21 |
| IRS990/PYOtherExpensesAmt | 0 | 316491 |
| IRS990/PYOtherRevenueAmt | 0 | 64307 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -160541 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 218723 |
| IRS990/PYTotalExpensesAmt | 0 | 535214 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 374673 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -95313 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 696188 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 13884 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 35427 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 457650 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 248449 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 431823 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 341340 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 395844 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1875106 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 943 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 21 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 96 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 71 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 118 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1249 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 689915 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.68740 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.51930 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1289778 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 585328 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 457650 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 248449 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 431823 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 341340 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 395844 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1875106 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1876355 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 2188135 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2790815 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 4978950 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 28689 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 734123 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 28689 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 12686 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 186409 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 199095 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 28689 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 28689 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 638810 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | COST OF GOODS SOLD NETTED AGAINST GROSS SALES 6415. FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING INCOME 22274. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | COST OF GOODS SOLD NETTED AGAINST GROSS SALES 6415. FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING INCOME 22274. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part XI, Line 2d - Other Adjustments: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XII, Line 2d - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2200821 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 734123 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 638810 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 667499 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 762812 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.