Civic Intelligence

Lake Champlain Maritime Museum at Basin Harbor Incorporated

990 • Fiscal year 2023 • EIN 22-2570380

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 21, 2024

Organization ProfileWWW.LCMM.ORG
4472 Basin Harbor RoadVergennes, VT 05491

(802) 475-2022

Siviq Scores

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

Liabilities / Assets

36th percentile

0.05x

Higher debt load relative to assets than 36% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.16x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

30th percentile

$77,219

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

34th percentile

0.5%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.4%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$5,213,745

Up $26,955 (+0.5%) from 2022

Net Assets

Up

$4,936,819

Up $133,087 (+2.8%) from 2022

Liabilities

Down

$276,926

Down $106,132 (-28%) from 2022

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin20th percentile

Revenue

Up

$1,746,686

Up $120,760 (+7.4%) from 2022

Expenses

Up

$1,959,505

Up $252,636 (+15%) from 2022

Net Income

Down

-$212,819

Down $131,876 (-163%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,830,304Liabilities 2011: $416,802Net Assets 2011: $4,413,5022011Assets 2012: $4,762,194Liabilities 2012: $379,035Net Assets 2012: $4,383,1592012Assets 2013: $4,877,712Liabilities 2013: $353,083Net Assets 2013: $4,524,6292013Assets 2014: $4,935,431Liabilities 2014: $357,414Net Assets 2014: $4,578,0172014Assets 2015: $4,889,021Liabilities 2015: $252,445Net Assets 2015: $4,636,5762015Assets 2016: $4,593,165Liabilities 2016: $329,677Net Assets 2016: $4,263,4882016Assets 2017: $5,015,513Liabilities 2017: $242,209Net Assets 2017: $4,773,3042017Assets 2018: $5,152,484Liabilities 2018: $458,553Net Assets 2018: $4,693,9312018Assets 2019: $5,080,278Liabilities 2019: $331,280Net Assets 2019: $4,748,9982019Assets 2020: $5,415,100Liabilities 2020: $349,642Net Assets 2020: $5,065,4582020Assets 2021: $5,854,954Liabilities 2021: $364,517Net Assets 2021: $5,490,4372021Assets 2022: $5,186,790Liabilities 2022: $383,058Net Assets 2022: $4,803,7322022Assets 2023: $5,213,745Liabilities 2023: $276,926Net Assets 2023: $4,936,8192023Assets 2024: $5,940,124Liabilities 2024: $310,862Net Assets 2024: $5,629,2622024

Highlighted filing

2023

Assets$5,213,745
Liabilities$276,926
Net Assets$4,936,819
Open 2023 Filing

Operations Trend

Revenue Growth52nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,607,4672011Expenses 2012: $1,541,3672012Expenses 2013: $1,641,6822013Revenue 2014: $1,341,077Expenses 2014: $1,421,085Net Income 2014: -$80,0082014Revenue 2015: $1,371,631Expenses 2015: $1,285,795Net Income 2015: $85,8362015Revenue 2016: $1,318,255Expenses 2016: $1,472,556Net Income 2016: -$154,3012016Revenue 2017: $1,894,152Expenses 2017: $1,420,949Net Income 2017: $473,2032017Revenue 2018: $1,381,505Expenses 2018: $1,598,255Net Income 2018: -$216,7502018Revenue 2019: $1,439,510Expenses 2019: $1,534,191Net Income 2019: -$94,6812019Revenue 2020: $1,444,086Expenses 2020: $1,397,725Net Income 2020: $46,3612020Revenue 2021: $3,154,369Expenses 2021: $1,662,727Net Income 2021: $1,491,6422021Revenue 2022: $1,625,926Expenses 2022: $1,706,869Net Income 2022: -$80,9432022Revenue 2023: $1,746,686Expenses 2023: $1,959,505Net Income 2023: -$212,8192023Revenue 2024: $2,432,765Expenses 2024: $2,001,341Net Income 2024: $431,4242024

Highlighted filing

2023

Revenue$1,746,686
Expenses$1,959,505
Net Income-$212,819
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2024
Return Version
2023v5.1
Gross Receipts
$2,065,304
Mission and Program Overview

Mission

Maritime Museum - Research & Education

To preserve and share the cultural and natural heritage of the lake champlain region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,904,903$3,155,430▲ $250,527
Land, Buildings, and Equipment, Net$1,099,442$1,006,327▼ $93,115
Cash and Non-Interest-Bearing Accounts$287,258$431,578▲ $144,320
Pledges and Grants Receivable$380,884$299,995▼ $80,889
Accounts Receivable$8,255$178,710▲ $170,455
Prepaid Expenses and Deferred Charges$66,429$58,768▼ $7,661
Inventories for Sale or Use$64,154$57,570▼ $6,584
Savings and Temporary Cash Investments$375,465$25,367▼ $350,098
Total Assets$5,186,790$5,213,745▲ $26,955
Liabilities
Mortgage Notes Payable Secured by Investment Property$179,571$167,792▼ $11,779
Accounts Payable and Accrued Expenses$114,802$93,828▼ $20,974
Deferred Revenue$88,685$15,306▼ $73,379
Total Liabilities$383,058$276,926▼ $106,132
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,666,060$3,763,340▲ $97,280
Net Assets Without Donor Restrictions$1,137,672$1,173,479▲ $35,807
Total Net Assets Fund Balance$4,803,732$4,936,819▲ $133,087
Total Liabilities and Net Assets / Fund Balance$5,186,790$5,213,745▲ $26,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,962$1,306,662$1,899,624
Equipment$413,365$875,052$1,288,417

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,904,903-▲ $416,824$166,297$3,155,430
2022$3,587,421-▼ $577,018$105,500$2,904,903
2021$3,396,280$1,175▲ $338,559$148,593$3,587,421
2020$3,110,495-▲ $434,378$148,593$3,396,280
2019$2,750,234$2,100▲ $505,291$147,130$3,110,495
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christopher SabickExecutive Director (start 05/23)FT$77,219$77,219
Lauren RossInterim Co-exec. Director (05/23 -11/23)FT$72,332$72,332
Susan McclureExecutive Director (term 04/23)FT$33,939$33,939

Board Members and Trustees

NameTitle
Scott HardyChair
Ed McguireVice-chair
Adam PowersDirector
Amy JohnstonDirector
Catherine ParkerDirector
Chief Don StevensDirector
Dyer JonesDirector
Hannah LangsdaleDirector
Miguel FernandezDirector
Robert H Beach JrDirector
Stacy RaphaelDirector
Wendy LynchDirector
William FoxDirector
Harry ChaucerDirector / Instructor
Tim HodsonSecretary
Frank KosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,479,149
Program Service Revenue
$358,912
Investment Income
$-109,963
Other Revenue
$18,588
All Other Contributions
$716,404
Change in Net Assets
$-212,819

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
Historical Artifacts1$118,600Appraisal
Securities Publicly Traded2$7,664Average Share Price
Clothing and Household Goods-$1,250Fair Value
Books and Publications-$144Fair Value
Total Noncash Contributions3$127,658-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,741,686
Revenue Not Reported on Financial Statements
$5,000
Revenue Not Reported on Form 990
$391,146
Other Revenue Adjustments
$5,000
Total Revenue per Audited Statements
$2,132,832
Total Revenue per Form 990
$1,746,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$996,217
Other Expenses$963,288
Total Fundraising Expense$151,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$542,408$131,849$41,845$716,102
Fees for Services Other$271,578$76,105$1,915$349,598
Depreciation Depletion-$141,053-$141,053
Current Officers, Directors, Trustees, and Key Employees$70,532$32,599$34,078$137,209
Other Employee Benefits$57,015$13,941$5,789$76,745
Payroll Taxes$48,099$12,115$5,947$66,161
Travel$55,533$4,025$6,602$66,160
Insurance$50,611$8,277$2,930$61,818
Advertising$16,143$702$36,698$53,543
Occupancy$12,446$28,138$405$40,989
Office Expenses$11,988$16,849$11,566$40,403
Fees for Services Accounting-$18,020-$18,020
All Other Expenses$1,531$7,158$1,369$10,058
Other Expenses$1,704$2,358$1,347$5,409
Interest-$4,047-$4,047
Conferences and Meetings$843$750$124$1,717
Total Functional Expenses$1,243,440$564,774$151,291$1,959,505

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,999,745
Total Expenses per Form 990$1,959,505
Expenses per Audited Statements$1,954,505
Expenses Not Reported on Form 990$45,240
Expenses Not Reported on Financial Statements$5,000
Other Expense Adjustments$5,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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

“A first draft of form 990 is reviewed by the business manager and execuitve director with a final "draft", in .pdf format, made available to the board prior to filing.”

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

“The business manager and executive director monitor and approve all disbursements during the year and inquire of board members as to any potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews and approves the compensation of the executive director and other senior management using formal and informal comparability data with contemporaneous substantiation.”

Form 990, Part VI, Section C, Line 19

“The organization has never been asked to make public its financial statements, governing documents, or conflict of interest policy and has no formal policy related to the release of these documents.”

Filing and Contact Details

Filer

Filer Name
Lake Champlain Maritime Museum
EIN
22-2570380
Phone
8024752022
Address
4472 BASIN HARBOR ROAD, VERGENNES, VT 05491

Signing Officer

Name
Christopher Sabick
Title
Executive Director
Phone
8024752022
Signed
2024-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Sabick
Formed
1985
Legal Domicile
Vt
Voting Board Members
16
Independent Board Members
16
Employees
41
Volunteers
63

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional services: program service expenses 271,578. Management and general expenses 76,105. Fundraising expenses 1,915. Total expenses 349,598.”

Financial Statement Notes

PART III, LINE 4:

“The organization holds artwork, artifacts, boats, and related items for both public exhibition and research activities in furtherance of its exempt purpose.”

PART V, LINE 4:

“Income from the organization's permanent endowment is available for operations with portions restricted to specific educational and other activities.”

PART X, LINE 2:

“The museum is exempt from federal income tax as an organization described in section 501(c)(3)of the internal revenue code, and is classified as a publicly-supported organization under section 509(a)(1). In addition, contributions to the museum qualify for the charitable contribution deduction under internal revenue code section 170(b)(1)(a). Fasb asc 740, income taxes, requires entities to disclose in their financial statements the nature of any uncertainty in their tax positions. For tax-exempt entities, tax-exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax-exempt status. Management believes the organization has no uncertain tax positions. The organization anticipates that it will not have a change in uncertain tax positions during the next twelve months that would have a material impact on the organization's financial statements. If necessary, the organization would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes. The organization is no longer subject to federal and state income tax examinations by tax authorities for years before the year ended december 31, 2020.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 22,740.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“MISCELLANEOUS 5,000.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 22,740.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“MISCELLANEOUS 5,000.”

Raw XML AppendixShowing 400 of 636 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/Form990PartVIISectionAGrp/PersonNm12STACY RAPHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm13MIGUEL FERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm14CATHERINE PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm15CHIEF DON STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm16SUSAN MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm17LAUREN ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRISTOPHER SABICK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1633939
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1772332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1877219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR / INSTRUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR (TERM 04/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt17INTERIM CO-EXEC. DIR. (05/23 -11/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR (START 05/23)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-181539
IRS990/GainOrLossGrp/SecuritiesAmt0-5228
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0741934
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt023000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt086111
IRS990/GrossReceiptsAmt02065304
IRS990/GrossRentsGrp/RealAmt010575
IRS990/GrossSalesOfInventoryAmt029563
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt02930
IRS990/InsuranceGrp/ManagementAndGeneralAmt08277
IRS990/InsuranceGrp/ProgramServicesAmt050611
IRS990/InsuranceGrp/TotalAmt061818
IRS990/InterestGrp/ManagementAndGeneralAmt04047
IRS990/InterestGrp/TotalAmt04047
IRS990/InventoriesForSaleOrUseGrp/BOYAmt064154
IRS990/InventoriesForSaleOrUseGrp/EOYAmt057570
IRS990/InvestmentIncomeGrp/ExclusionAmt076804
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076804
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02904903
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03155430
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02181714
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01099442
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01006327
IRS990/LandBldgEquipCostOrOtherBssAmt03188041
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0204539
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt091339
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt020811
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PRESERVE AND SHARE THE CULTURAL AND NATURAL HERITAGE OF THE LAKE CHAMPLAIN REGION BY CONNECTING ALL PEOPLE WITH THE LAKE, INSPIRING THEM TO LEARN FROM THE PAST, BUILD TOGETHER IN THE PRESENT, AND CREATE A SUSTAINABLE FUTURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0179571
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0167792
IRS990/NetAssetsOrFundBalancesBOYAmt04803732
IRS990/NetAssetsOrFundBalancesEOYAmt04936819
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-186767
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-186767
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06823
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06823
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt010575
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt010575
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0345906
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01137672
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01173479
IRS990/NoncashContributionsAmt0127658
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0405
IRS990/OccupancyGrp/ManagementAndGeneralAmt028138
IRS990/OccupancyGrp/ProgramServicesAmt012446
IRS990/OccupancyGrp/TotalAmt040989
IRS990/OfficeExpensesGrp/FundraisingAmt011566
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016849
IRS990/OfficeExpensesGrp/ProgramServicesAmt011988
IRS990/OfficeExpensesGrp/TotalAmt040403
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05789
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013941
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt076745
IRS990/OtherExpensesGrp/Desc0MATERIALS, SUPPLIES & E
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PERMITS, LICENSES, AND
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0119
IRS990/OtherExpensesGrp/FundraisingAmt17
IRS990/OtherExpensesGrp/FundraisingAmt2550
IRS990/OtherExpensesGrp/FundraisingAmt31347
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt159351
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2834
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32358
IRS990/OtherExpensesGrp/ProgramServicesAmt067565
IRS990/OtherExpensesGrp/ProgramServicesAmt16029
IRS990/OtherExpensesGrp/ProgramServicesAmt229415
IRS990/OtherExpensesGrp/ProgramServicesAmt31704
IRS990/OtherExpensesGrp/TotalAmt074287
IRS990/OtherExpensesGrp/TotalAmt165387
IRS990/OtherExpensesGrp/TotalAmt230799
IRS990/OtherExpensesGrp/TotalAmt35409
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01190
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01190
IRS990/OtherRevenueTotalAmt01190
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041845
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0131849
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0542408
IRS990/OtherSalariesAndWagesGrp/TotalAmt0716102
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05947
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012115
IRS990/PayrollTaxesGrp/ProgramServicesAmt048099
IRS990/PayrollTaxesGrp/TotalAmt066161
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0380884
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0299995
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066429
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058768
IRS990/PrincipalOfficerNm0CHRISTOPHER SABICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH CONTRACT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL - TUITION & ADMISSION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225455
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133457
IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS EDUCATIONAL PROGRAMS INCLUDING CHAMPLAIN DISCOVERY & LONGBOATS THAT TEACH BOAT BUILDING, NAVIGATION, HISTORY AND ECOLOGY TO HIGH SCHOOL STUDENTS. OTHER EDUCATIONAL PROGRAMS INCLUDE VARIOUS NAUTICAL-RELATED COURSES, SCHOOL OUTREACH PROGRAMS, AND SUMMER CAMPS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0736264
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0112278
IRS990/ProgSrvcAccomActy3Grp/Desc0VARIOUS ARCHAEOLOGY PROJECTS, INCLUDING RESEARCHING, DOCUMENTING, PROTECTING, AND MAKING ACCESSIBLE LAKE CHAMPLAIN'S UNDERWATER CULTURAL RESOURCES. THIS WORK MAKES POSSIBLE THE CONSERVATION AND PRESENTATION OF OVER 300 SHIPWRECKS IN THE LAKE AND 10,000 OBJECTS AND ARCHIVES IN THE MUSEUM'S COLLECTION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0299345
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0224455
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01364441
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028744
IRS990/PYOtherExpensesAmt0753488
IRS990/PYOtherRevenueAmt065662
IRS990/PYProgramServiceRevenueAmt0167079
IRS990/PYRevenuesLessExpensesAmt0-80943
IRS990/PYSalariesCompEmpBnftPaidAmt0953381
IRS990/PYTotalExpensesAmt01706869
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01625926
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-212819
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,213,745
Liabilities
$276,926
Net assets
$4,936,819
Revenue
$1,746,686
Expenses
$1,959,505
Net income
-$212,819
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.94$0.31$5.63$2.43$2.00$0.43
2023Detailed filing. Detailed filing data is available for this year.$5.21$0.28$4.94$1.75$1.96$0.21
2022Detailed filing. Detailed filing data is available for this year.$5.19$0.38$4.80$1.63$1.71$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.85$0.36$5.49$3.15$1.66$1.49
2020Detailed filing. Detailed filing data is available for this year.$5.42$0.35$5.07$1.44$1.40$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.08$0.33$4.75$1.44$1.53$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.15$0.46$4.69$1.38$1.60$0.22
2017Detailed filing. Detailed filing data is available for this year.$5.02$0.24$4.77$1.89$1.42$0.47
2016Detailed filing. Detailed filing data is available for this year.$4.59$0.33$4.26$1.32$1.47$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.89$0.25$4.64$1.37$1.29$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.94$0.36$4.58$1.34$1.42$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$0.35$4.52$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.38$4.38$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$0.42$4.41$1.61