Civic Intelligence

Icebreaker Mackinac Maritime Museum Inc.

990 • Fiscal year 2021 • EIN 20-1849324

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 23, 2022

PO Box 39Mackinaw City, MI 49701

(231) 420-1407

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.01x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

61st percentile

19%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.6%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

43%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,274,007

Up $35,770 (+1.6%) from 2020

Net Assets

Up

$2,271,087

Up $34,990 (+1.6%) from 2020

Liabilities

Up

$2,920

Up $780 (+36%) from 2020

Revenue

Up

$322,433

Up $97,251 (+43%) from 2020

Expenses

Up

$261,021

Up $27,350 (+12%) from 2020

Net Income

Up

$61,412

Up $69,901 (+823%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,952,017Liabilities 2010: $182,866Net Assets 2010: $1,769,1512010Assets 2011: $1,919,009Liabilities 2011: $211,105Net Assets 2011: $1,707,9042011Assets 2012: $1,927,524Liabilities 2012: $208,146Net Assets 2012: $1,719,3782012Assets 2013: $1,935,028Liabilities 2013: $225,110Net Assets 2013: $1,709,9182013Assets 2014: $1,919,737Liabilities 2014: $211,184Net Assets 2014: $1,708,5532014Assets 2015: $1,919,450Liabilities 2015: $66,703Net Assets 2015: $1,852,7472015Assets 2016: $1,919,330Liabilities 2016: $1,143Net Assets 2016: $1,918,1872016Assets 2017: $1,935,499Liabilities 2017: $5,782Net Assets 2017: $1,929,7172017Assets 2018: $2,240,000Liabilities 2018: $2,270Net Assets 2018: $2,237,7302018Assets 2019: $2,246,272Liabilities 2019: $2,159Net Assets 2019: $2,244,1132019Assets 2020: $2,238,237Liabilities 2020: $2,140Net Assets 2020: $2,236,0972020Assets 2021: $2,274,007Liabilities 2021: $2,920Net Assets 2021: $2,271,0872021Assets 2022: $2,239,911Liabilities 2022: $3,432Net Assets 2022: $2,236,4792022Assets 2023: $2,215,102Liabilities 2023: $2,383Net Assets 2023: $2,212,7192023

Highlighted filing

2021

Assets$2,274,007
Liabilities$2,920
Net Assets$2,271,087

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $320,4132010Expenses 2011: $291,8382011Expenses 2012: $226,3772012Revenue 2013: $225,306Expenses 2013: $235,888Net Income 2013: -$10,5822013Revenue 2014: $238,532Expenses 2014: $239,943Net Income 2014: -$1,4112014Revenue 2015: $365,602Expenses 2015: $220,493Net Income 2015: $145,1092015Revenue 2016: $273,840Expenses 2016: $200,246Net Income 2016: $73,5942016Revenue 2017: $239,245Expenses 2017: $227,858Net Income 2017: $11,3872017Revenue 2018: $560,487Expenses 2018: $252,030Net Income 2018: $308,4572018Revenue 2019: $281,588Expenses 2019: $275,720Net Income 2019: $5,8682019Revenue 2020: $225,182Expenses 2020: $233,671Net Income 2020: -$8,4892020Revenue 2021: $322,433Expenses 2021: $261,021Net Income 2021: $61,4122021Revenue 2022: $237,278Expenses 2022: $271,323Net Income 2022: -$34,0452022Revenue 2023: $222,976Expenses 2023: $257,900Net Income 2023: -$34,9242023

Highlighted filing

2021

Revenue$322,433
Expenses$261,021
Net Income$61,412
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 23, 2022
Return Version
2021v4.0
Gross Receipts
$375,696
Mission and Program Overview

Mission

To obtain the uscgc mackinaw and convert it into a museum. This museum will collect, preserve, protect and interpret the history of the coast guard presence on the great lakes from the early 1940's to the present.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,053,763$2,031,120▼ $22,643
Cash and Non-Interest-Bearing Accounts$158,233$223,954▲ $65,721
Inventories for Sale or Use$19,164$13,712▼ $5,452
Savings and Temporary Cash Investments$4,617$5,221▲ $604
Prepaid Expenses and Deferred Charges$2,460--
Total Assets$2,238,237$2,274,007▲ $35,770
Liabilities
Other Liabilities$786$2,724▲ $1,938
Accounts Payable and Accrued Expenses$1,354$196▼ $1,158
Total Liabilities$2,140$2,920▲ $780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,236,097$2,271,087▲ $34,990
Total Net Assets Fund Balance$2,236,097$2,271,087▲ $34,990
Total Liabilities and Net Assets / Fund Balance$2,238,237$2,274,007▲ $35,770

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,714,329-$1,714,329
Equipment$296,712$196,949$493,661
Leasehold Improvements$20,079-$20,079

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,617-▲ $673-$5,221
2020$4,217-▲ $413-$4,617
2019$3,573-▲ $693-$4,217
2018$3,862-▲ $85-$3,573
2017$3,344-▲ $561-$3,862
Compensation and Service Providers

Board Members and Trustees

NameTitle
William SheplerPresident
Adam PriceDirector
Jim StevensDirector
Thomas SpaudeDirector
William MarvinDirector
Dr Roger BenterSecretary
Randy PowersTreasurer
David MorthlandVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$85,808
Program Service Revenue
$186,502
Investment Income
$865
Other Revenue
$49,258
All Other Contributions
$5,634
Change in Net Assets
$61,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,102
Other Expenses$118,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$53,657$67,185-$120,842
Insurance$12,406$12,407-$24,813
Depreciation Depletion$23,012--$23,012
Occupancy$17,993$3,600-$21,593
Advertising$16,696--$16,696
Payroll Taxes$9,083$7,137-$16,220
All Other Expenses$4,679$2,250-$6,929
Other Employee Benefits$5,040--$5,040
Other Expenses$4,240$5,441-$4,240
Office Expenses$54$2,282-$2,336
Fees for Services Accounting-$1,050-$1,050
Travel-$480-$480
Total Functional Expenses$153,442$107,579$0$261,021
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,724
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
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
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Periodic reviews completed to determine whether partnerships, joint ventures, and arrangements with management organizations conform to icebreaker mackinaw maritime museum, inc.'s written policies, are properly recorded, reflect reasonable investment or payments for goods or services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.

Form 990, Page 6, Part VI, Line 19

All governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Icebreaker Mackinaw Maritime Museum
EIN
20-1849324
Phone
2314201407
Address
PO BOX 39, MACKINAW CITY, MI 49701

Signing Officer

Name
Randy Powers
Title
Treasurer
Phone
2314369825
Signed
2022-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Powers
Formed
2004
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
10

Preparer

Firm
Andersontackman & Company Plc
Address
16978 S RILEY AVE, KINCHELOE, MI 49788
Preparer
Amber Mack CPA
Phone
9064955952
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To obtain the uscgc mackinaw and convert it into a museum. This museum will collect, preserve, protect and interpret the history of the coast guard presence on the great lakes from the early 1940's to the present.

Form 990, Page 1, Part I, Line 6

Many volunteers assist the organization with museum tours, staff assistance, and unpaid positions for the operation of the ship and museum.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016886
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0272
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0982736
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt076430
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt062839
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0297725
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IRS990ScheduleA/PublicSupportPY170Pct00.70060
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IRS990ScheduleA/TotalSupportAmt0804398
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05221
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0673
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt013
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04617
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0413
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt049
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04217
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03573
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt045
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03344
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03862
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0561
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0296712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0196949
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0493661
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020079
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020079
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01714329
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01714329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02724
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IRS990ScheduleD/TermEndowmentBalanceEOYPct00.46000
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IRS990ScheduleD/TotalLiabilityAmt02724
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DOCKING & REPAIR EXP
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO OBTAIN THE USCGC MACKINAW AND CONVERT IT INTO A MUSEUM. THIS MUSEUM WILL COLLECT, PRESERVE, PROTECT AND INTERPRET THE HISTORY OF THE COAST GUARD PRESENCE ON THE GREAT LAKES FROM THE EARLY 1940'S TO THE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANY VOLUNTEERS ASSIST THE ORGANIZATION WITH MUSEUM TOURS, STAFF ASSISTANCE, AND UNPAID POSITIONS FOR THE OPERATION OF THE SHIP AND MUSEUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERIODIC REVIEWS COMPLETED TO DETERMINE WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO ICEBREAKER MACKINAW MARITIME MUSEUM, INC.'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS OR SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalLiabilitiesGrp/BOYAmt02140
IRS990/TotalLiabilitiesGrp/EOYAmt02920
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IRS990/TotalProgramServiceExpensesAmt0153442
IRS990/TotalProgramServiceRevenueAmt0186502
IRS990/TotalRevenueGrp/ExclusionAmt048584
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0188041
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0322433
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02238237
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02274007
IRS990/TravelGrp/ManagementAndGeneralAmt0480
IRS990/TravelGrp/TotalAmt0480
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0707 N HURON AVENUE SUITE 2
IRS990/USAddress/AddressLine2Txt01416 RIDGE RD
IRS990/USAddress/CityNm0MACKINAW CITY
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049701
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.THEMACKINAW.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY POWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02314369825
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICEBREAKER MACKINAW MARITIME MUSEUM
ReturnHeader/Filer/BusinessNameControlTxt0ICEB
ReturnHeader/Filer/EIN0201849324
ReturnHeader/Filer/PhoneNum02314201407
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 39
ReturnHeader/Filer/USAddress/CityNm0MACKINAW CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.21$0.22$0.26$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.24$0.27$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.32$0.26$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.23$0.23$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.24$0.28$0.28$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.56$0.25$0.31
2017Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$0.24$0.23$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.27$0.20$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.07$1.85$0.37$0.22$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.21$1.71$0.24$0.24$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.94$0.23$1.71$0.23$0.24$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.21$1.72$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.21$1.71$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.18$1.77$0.32