Civic Intelligence

Maritime Museum Association of San Diego

EIN 95-2130325 • 501(c)3 • San Diego, CA

Profile

The Maritime Museum of San Diego restores, maintains and operates historic vessels.The museum has one of the world's finest collections of historic ships, including the world's oldest active ship Star of India.

1492 N Harbor DrSan Diego, CA 92101

www.sdmaritime.org

Siviq Scores

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

Liabilities / Assets

44th percentile

0.13x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.38x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

54th percentile

5.9%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$252,334

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

41st percentile

1.9%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,593,156

Up $332,935 (+1.9%) from 2023

Liabilities

Up

$2,225,764

Up $20,607 (+0.9%) from 2023

Net Assets

Up

$15,367,392

Up $312,328 (+2.1%) from 2023

Revenue

Up

$5,829,054

Up $1,394,111 (+31%) from 2023

Expenses

Up

$5,487,004

Up $510,674 (+10%) from 2023

Net Income

Up

$342,050

Up $883,437 (+163%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $11,004,670Liabilities 2011: $1,238,181Net Assets 2011: $9,766,4892011Assets 2012: $12,263,415Liabilities 2012: $2,375,532Net Assets 2012: $9,887,8832012Assets 2013: $13,434,148Liabilities 2013: $2,967,811Net Assets 2013: $10,466,3372013Assets 2014: $14,098,657Liabilities 2014: $3,612,378Net Assets 2014: $10,486,2792014Assets 2015: $18,051,621Liabilities 2015: $2,224,827Net Assets 2015: $15,826,7942015Assets 2016: $17,307,563Liabilities 2016: $1,928,053Net Assets 2016: $15,379,5102016Assets 2017: $16,561,064Liabilities 2017: $1,770,253Net Assets 2017: $14,790,8112017Assets 2018: $16,647,077Liabilities 2018: $1,784,687Net Assets 2018: $14,862,3902018Assets 2019: $16,622,726Liabilities 2019: $2,315,998Net Assets 2019: $14,306,7282019Assets 2020: $16,666,370Liabilities 2020: $2,434,673Net Assets 2020: $14,231,6972020Assets 2021: $18,714,053Liabilities 2021: $3,359,987Net Assets 2021: $15,354,0662021Assets 2022: $17,749,891Liabilities 2022: $2,247,021Net Assets 2022: $15,502,8702022Assets 2023: $17,260,221Liabilities 2023: $2,205,157Net Assets 2023: $15,055,0642023Assets 2024: $17,593,156Liabilities 2024: $2,225,764Net Assets 2024: $15,367,3922024

Highlighted filing

2024

Assets$17,593,156
Liabilities$2,225,764
Net Assets$15,367,392

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,774,065Expenses 2011: $4,776,300Net Income 2011: $1,997,7652011Revenue 2012: $4,549,247Expenses 2012: $4,481,270Net Income 2012: $67,9772012Revenue 2013: $5,081,714Expenses 2013: $4,706,948Net Income 2013: $374,7662013Revenue 2014: $4,552,891Expenses 2014: $4,609,418Net Income 2014: -$56,5272014Revenue 2015: $10,475,195Expenses 2015: $5,124,302Net Income 2015: $5,350,8932015Revenue 2016: $4,670,916Expenses 2016: $5,156,276Net Income 2016: -$485,3602016Revenue 2017: $4,692,935Expenses 2017: $5,426,654Net Income 2017: -$733,7192017Revenue 2018: $5,513,585Expenses 2018: $5,356,398Net Income 2018: $157,1872018Revenue 2019: $4,535,752Expenses 2019: $5,272,545Net Income 2019: -$736,7932019Revenue 2020: $2,963,923Expenses 2020: $3,038,954Net Income 2020: -$75,0312020Revenue 2021: $4,433,821Expenses 2021: $3,311,452Net Income 2021: $1,122,3692021Revenue 2022: $5,007,732Expenses 2022: $4,636,713Net Income 2022: $371,0192022Revenue 2023: $4,434,943Expenses 2023: $4,976,330Net Income 2023: -$541,3872023Revenue 2024: $5,829,054Expenses 2024: $5,487,004Net Income 2024: $342,0502024

Highlighted filing

2024

Revenue$5,829,054
Expenses$5,487,004
Net Income$342,050

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$2.23$15.4$5.83$5.49$0.34
2023Detailed filing. Detailed filing data is available for this year.$17.3$2.21$15.1$4.43$4.98$0.54
2022Detailed filing. Detailed filing data is available for this year.$17.7$2.25$15.5$5.01$4.64$0.37
2021Detailed filing. Detailed filing data is available for this year.$18.7$3.36$15.4$4.43$3.31$1.12
2020Detailed filing. Detailed filing data is available for this year.$16.7$2.43$14.2$2.96$3.04$0.08
2019Detailed filing. Detailed filing data is available for this year.$16.6$2.32$14.3$4.54$5.27$0.74
2018Detailed filing. Detailed filing data is available for this year.$16.6$1.78$14.9$5.51$5.36$0.16
2017Detailed filing. Detailed filing data is available for this year.$16.6$1.77$14.8$4.69$5.43$0.73
2016Detailed filing. Detailed filing data is available for this year.$17.3$1.93$15.4$4.67$5.16$0.49
2015Detailed filing. Detailed filing data is available for this year.$18.1$2.22$15.8$10.5$5.12$5.35
2014Detailed filing. Detailed filing data is available for this year.$14.1$3.61$10.5$4.55$4.61$0.06
2013Detailed filing. Detailed filing data is available for this year.$13.4$2.97$10.5$5.08$4.71$0.37
2012Summary only. Only limited summary data is available for this year.$12.3$2.38$9.89$4.55$4.48$0.07
2011Summary only. Only limited summary data is available for this year.$11.0$1.24$9.77$6.77$4.78$2.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$6,629,856
Mission and Program Overview

Mission

The Maritime Museum of San Diego restores, maintains and operates historic vessels.The museum has one of the world's finest collections of historic ships, including the world's oldest active ship Star of India.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,825,171$12,424,635▼ $400,536
Investments Other Securities$2,858,974$2,583,529▼ $275,445
Cash and Non-Interest-Bearing Accounts$105,896$382,401▲ $276,505
Pledges and Grants Receivable$317,555$301,155▼ $16,400
Prepaid Expenses and Deferred Charges$13,204$45,242▲ $32,038
Accounts Receivable$262,390$21,031▼ $241,359
Inventories for Sale or Use$29,876$5,556▼ $24,320
Total Assets$17,260,221$17,593,156▲ $332,935
Other Assets Total$847,155$1,829,607▲ $982,452
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,557,234$1,437,619▼ $119,615
Accounts Payable and Accrued Expenses$628,457$765,796▲ $137,339
Deferred Revenue$19,466$22,349▲ $2,883
Total Liabilities$2,205,157$2,225,764▲ $20,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,436,940$13,983,316▲ $546,376
Net Assets With Donor Restrictions$1,618,124$1,384,076▼ $234,048
Total Net Assets Fund Balance$15,055,064$15,367,392▲ $312,328
Total Liabilities and Net Assets / Fund Balance$17,260,221$17,593,156▲ $332,935

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,424,635$5,971,231$18,395,866
Other Assets Org$1,809,607--
Other Securities$2,583,529--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$907,760-▲ $95,298$31,535$962,132
2023$840,898-▲ $104,099$28,693$907,760
2022$992,582-▼ $144,101$5,843$840,898
2021$734,060$199,668▲ $98,806$30,787$992,582
2020$678,935-▲ $80,063$19,217$734,060
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Raymond AshleyPresident/CEOFT$252,334$252,334
Susan SirotaVice PresidentFT$153,434$153,434
Cory ClarkCFOFT$101,461$101,461

Board Members and Trustees

NameTitle
Kenneth StipanovChairman of the Board
Al LoveDirector
Bill BartschDirector
Brian BilbrayDirector
Cameron KatebianDirector
Deward HouckDirector
Douglas SharpDirector
Erich LathersDirector
Gary GouldDirector
Greg CoxDirector
Greg MurphyDirector
John LaunDirector
Kenneth AndersenDirector
Manish ParikhDirector
Pamela WernerDirector
Rick WilsonDirector
Robert Bob KlugDirector
William DysartDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Tucker Sadler Architects IncArchitectural Firm for the Gateway Proje2044 1st Ave, San Diego, CA 92101$361,694
Fabritecture LLCSchematic Design Consultants for the Gat4090 West Hacienda Ave Suite 110, Las Vegas, NV 89118$102,550
Revenue and Support

Revenue Composition

Contributions and Grants
$2,445,930
Program Service Revenue
$3,116,147
Investment Income
$212,678
Other Revenue
$54,299
All Other Contributions
$898,243
Change in Net Assets
$342,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,829,054
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,534
Total Revenue per Audited Statements
$5,864,588
Total Revenue per Form 990
$5,829,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,798,774
Salaries, Compensation, and Employee Benefits$2,688,230
Total Fundraising Expense$652,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,342,587$527,449$355,957$2,225,993
Depreciation Depletion$479,004--$479,004
Insurance$49,507$329,108$19,961$398,576
Other Employee Benefits$89,096$112,973$71,926$273,995
Payroll Taxes$110,517$45,471$32,254$188,242
All Other Expenses$74,946$103,833$8,218$186,997
Other Expenses$0$186,317$0$186,317
Office Expenses$65,908$17,138$58,502$141,548
Interest-$117,375-$117,375
Occupancy$2,934$98,619$1,040$102,593
Advertising--$64,845$64,845
Travel$43$15,996-$16,039
Total Functional Expenses$3,018,252$1,816,663$652,089$5,487,004

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,552,260
Expenses per Audited Statements$5,487,004
Total Expenses per Form 990$5,487,004
Expenses Not Reported on Form 990$65,256
Expenses Not Reported on Financial Statements$0
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
Yes
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
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

Line 11b Explanation - Provided to Board Members.

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

Reviewed by Board.

Form 990, Part VI, Section B, line 15

Reviewed by Board.

Form 990, Part VI, Section C, line 19

The organization's 990 is available from Guidestar.org and other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Maritime Museum Association of San Diego
EIN
95-2130325
Phone
6192349153
Address
1492 N Harbor Dr, San Diego, CA 92101

Signing Officer

Name
Christina Brophy
Title
President
Phone
6192349153
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1948
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
73
Volunteers
273

Preparer

Firm
Cambaliza McGee LLP
Address
1601 Dove St Suite 294, Newport Beach, CA 92660
Preparer
Lino D Cambaliza
Phone
9494848288
Supplemental Narrative

Additional Explanations

Form 990. Part XIII, line 2C

No change in prior year.

Financial Statement Notes

Part III, Line 1A:

The museum maintains historic vessels, exhibits and related artifacts.

Part X, Line 2:

The Organization recognizes and measures its uncertain tax positions in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 740, Income Taxes. This addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under FASB ASC 740, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. FASB ASC 740 also provides guidance on the de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2024, the Organization does not have a liability for unrecognized tax uncertainties. The Organization's policy is to record interest and penalties on uncertain tax positions as income tax expense. As of December 31, 2024, the Organization has no accrued interest or penalties related to uncertain tax positions. The Organization is subject to routine audits by taxing jurisdictions. However, currently no audits for any tax periods are in progress. Management believes that the Organization is no longer subject to income tax examination for years prior to December 31, 2020.

Part XI, Line 2D - Other Adjustments:

Cost of goods sold expenses included as a reduction of merchandise sales.

Part XII, Line 2D - Other Adjustments:

Cost of goods sold expenses. See above.

Raw XML AppendixShowing 400 of 716 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/PersonNm9John Laun
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