Civic Intelligence

Long Island Maritime Museum

990 • Fiscal year 2014 • EIN 23-7007442

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 13, 2015

88 West AvenueWest Sayville, NY 11796

(631) 854-4974

Siviq Scores

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

Liabilities / Assets

71st percentile

0.27x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.43x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$651,027

Up $90,955 (+16%) from 2013

Net Assets

Up

$474,934

Up $66,098 (+16%) from 2013

Liabilities

Up

$176,093

Up $24,857 (+16%) from 2013

Revenue

Up

$409,607

Up $40,899 (+11%) from 2013

Expenses

Up

$343,509

Up $233 (+0.1%) from 2013

Net Income

Up

$66,098

Up $40,666 (+160%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $571,069Liabilities 2010: $162,869Net Assets 2010: $408,2002010Assets 2011: $511,762Liabilities 2011: $161,933Net Assets 2011: $349,8292011Assets 2012: $534,628Liabilities 2012: $151,224Net Assets 2012: $383,4042012Assets 2013: $560,072Liabilities 2013: $151,236Net Assets 2013: $408,8362013Assets 2014: $651,027Liabilities 2014: $176,093Net Assets 2014: $474,9342014Assets 2015: $595,824Liabilities 2015: $156,159Net Assets 2015: $439,6652015Assets 2016: $682,403Liabilities 2016: $206,175Net Assets 2016: $476,2282016Assets 2018: $660,572Liabilities 2018: $161,119Net Assets 2018: $499,4532018Assets 2019: $742,659Liabilities 2019: $171,156Net Assets 2019: $571,5032019Assets 2020: $881,098Liabilities 2020: $161,714Net Assets 2020: $719,3842020Assets 2021: $1,110,174Liabilities 2021: $137,094Net Assets 2021: $973,0802021Assets 2024: $1,098,571Liabilities 2024: $29,177Net Assets 2024: $1,069,3942024

Highlighted filing

2014

Assets$651,027
Liabilities$176,093
Net Assets$474,934

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $304,2872010Expenses 2011: $336,3122011Expenses 2012: $322,5882012Revenue 2013: $368,708Expenses 2013: $343,276Net Income 2013: $25,4322013Revenue 2014: $409,607Expenses 2014: $343,509Net Income 2014: $66,0982014Revenue 2015: $454,225Expenses 2015: $426,171Net Income 2015: $28,0542015Revenue 2016: $440,294Expenses 2016: $431,806Net Income 2016: $8,4882016Revenue 2018: $344,373Expenses 2018: $383,095Net Income 2018: -$38,7222018Revenue 2019: $382,631Expenses 2019: $395,957Net Income 2019: -$13,3262019Revenue 2020: $390,604Expenses 2020: $289,372Net Income 2020: $101,2322020Revenue 2021: $519,425Expenses 2021: $332,456Net Income 2021: $186,9692021Revenue 2024: $550,867Expenses 2024: $522,933Net Income 2024: $27,9342024

Highlighted filing

2014

Revenue$409,607
Expenses$343,509
Net Income$66,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 13, 2015
Return Version
2014v5.0
Gross Receipts
$554,146
Mission and Program Overview

Mission

The stated purpose of the museum shall be:a. To preserve long island's maritime history and heritage for educational purposes.b. To purchase, collect, restore and preserve boats, vessels and related equipment having to do with the past and present maritime activities of long island, including but not limited to, shipbuilding, whaling, shellfishing, commercial and sportfishing, wildfowling, pleasure and competitive boating, watercraft and the ethnic heritage pertaining thereto.c. To restore, preserve, interpret, display and exhibit watercraft of historical interest, models of ships and of small craft, tools, and implements of the marine crafts and trades, wildfowling decoys, paintings, prints, maps, charts and books; and displays featuring wildlife.

The organization was chartered to preserve long island's marine heritage for educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$488,158$549,764▲ $61,606
Cash and Non-Interest-Bearing Accounts$20,196$53,853▲ $33,657
Land, Buildings, and Equipment, Net$32,513$26,019▼ $6,494
Accounts Receivable$12,000$12,000→ $0
Inventories for Sale or Use$7,205$9,391▲ $2,186
Total Assets$560,072$651,027▲ $90,955
Liabilities
Other Liabilities$139,327$164,773▲ $25,446
Accounts Payable and Accrued Expenses$11,909$11,320▼ $589
Total Liabilities$151,236$176,093▲ $24,857
Net Assets / Fund Balance
Unrestricted Net Assets$267,973$269,072▲ $1,099
Temporarily Rstr Net Assets$140,863$205,862▲ $64,999
Total Net Assets Fund Balance$408,836$474,934▲ $66,098
Total Liabilities and Net Assets / Fund Balance$560,072$651,027▲ $90,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,019$75,895-
Other Land Buildings$0$3,753-
Equipment$0$53,782-
Other Securities$549,764--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael EaganChairman
Elizabeth Arink1st Vice Chair
Brandt Rising2nd Vice Chairman
Brian D MccarthyTrustee
Christine MillerTrustee
Donn CostanzoTrustee
Gary F HeroldTrustee
George HaefeleTrustee
John WahlbergTrustee
Mark DeangelisTrustee
Phil LinkerTrustee
T Patrick HarrisTrustee
Timothy MattimoreTrustee
Jay SchneidermanLegis. Parks Committee CHA
Greg DawsonParks Commissioner
Jack FinnertySecretary
John CochraneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$112,517
Program Service Revenue
$79,286
Investment Income
$16,079
Other Revenue
$201,725
All Other Contributions
$47,517
Change in Net Assets
$66,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$191,422
Other Expenses$152,087
Total Fundraising Expense$9,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,771$43,133$8,626$172,530
Payroll Taxes$13,224$4,723$945$18,892
Fees for Services Other$11,250--$11,250
Office Expenses$8,770--$8,770
Fees for Services Accounting$8,500--$8,500
Interest$7,546--$7,546
Depreciation Depletion$6,494--$6,494
Advertising$6,009--$6,009
Other Expenses$1,558--$1,558
All Other Expenses$367--$367
Total Functional Expenses$286,082$47,856$9,571$343,509
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$329,969
Fundraising Direct Expenses$139,056
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Seafood Festival$220,352$220,352$76,512$143,840
Pirate Festival$42,842$42,842$27,015$15,827
Total Events$329,969$329,969$139,056$190,913
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Margin Loan$163,584
Sales Tax Payable$1,189
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11

A copy of the 990 was presented to the board for approval from the accountant upon completion.

Form 990, Part VI, Section C, Line 19

The information is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Long Island Maritime Museum
EIN
23-7007442
Phone
6318544974
Address
88 WEST AVENUE, WEST SAYVILLE, NY 11796

Signing Officer

Name
Michael Eagan
Title
Chairman
Phone
6318544974
Signed
2015-04-13

Organization Details

Principal Officer
Michael Eagan
Formed
1966
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Thomas W Lally CPA Pc
Address
2120 FIFTH AVENUE, RONKONKOMA, NY 11779
Preparer
Thomas W Lally
Phone
6317372080
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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRINTING AND PUBLICATIO
IRS990/OtherExpensesGrp/Desc1REPAIRS, MAINTENANCE AN
IRS990/OtherExpensesGrp/Desc2INSURANCE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt054273
IRS990/OtherExpensesGrp/ProgramServicesAmt125641
IRS990/OtherExpensesGrp/ProgramServicesAmt221679
IRS990/OtherExpensesGrp/ProgramServicesAmt31558
IRS990/OtherExpensesGrp/TotalAmt054273
IRS990/OtherExpensesGrp/TotalAmt125641
IRS990/OtherExpensesGrp/TotalAmt221679
IRS990/OtherExpensesGrp/TotalAmt31558
IRS990/OtherLiabilitiesGrp/BOYAmt0139327
IRS990/OtherLiabilitiesGrp/EOYAmt0164773
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08626
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt043133
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0120771
IRS990/OtherSalariesAndWagesGrp/TotalAmt0172530
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0945
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04723
IRS990/PayrollTaxesGrp/ProgramServicesAmt013224
IRS990/PayrollTaxesGrp/TotalAmt018892
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL EAGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATIONAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1CRUISES
IRS990/ProgramServiceRevenueGrp/Desc2FACILITY USE
IRS990/ProgramServiceRevenueGrp/Desc3BOAT SLIP RENTAL
IRS990/ProgramServiceRevenueGrp/Desc4ADMISSION TO MUSEUM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023396
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121670
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39310
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47888
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47888
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0123580
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015532
IRS990/PYOtherExpensesAmt0142972
IRS990/PYOtherRevenueAmt0152300
IRS990/PYProgramServiceRevenueAmt077296
IRS990/PYRevenuesLessExpensesAmt025432
IRS990/PYSalariesCompEmpBnftPaidAmt0200304
IRS990/PYTotalExpensesAmt0343276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0368708
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt066098
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0106177
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt065000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt067776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt096536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0143889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0473201
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016079
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015828
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022513
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt024857
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010091
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt089368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0190247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0221120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0265874
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0183120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0216668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01077029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt016079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015828
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022513
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt024857
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt089368
IRS990ScheduleA/InvestmentIncomeCYPct00.05450
IRS990ScheduleA/InvestmentIncomePYPct00.04890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94550
IRS990ScheduleA/PublicSupportPY509Pct00.95110
IRS990ScheduleA/PublicSupportTotal509Amt01550230
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0255247
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0321120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0333650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0279656
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0360557
IRS990ScheduleA/Total509Grp/TotalAmt01550230
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0271326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0336948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0356163
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0304513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0370648
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01639598
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt026019
IRS990ScheduleD/BuildingsGrp/DepreciationAmt075895
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0101914
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053782
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt053782
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03753
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03753
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0163584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MARGIN LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0549764

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.03$1.07$0.55$0.52$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.14$0.97$0.52$0.33$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.16$0.72$0.39$0.29$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.17$0.57$0.38$0.40$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.16$0.50$0.34$0.38$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.21$0.48$0.44$0.43$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.16$0.44$0.45$0.43$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.18$0.47$0.41$0.34$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.15$0.41$0.37$0.34$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.15$0.38$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.16$0.35$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.16$0.41$0.30