2023-11-15T12:39:41-06:00 2022-12-31 391173131 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2022-01-01 391128473 WISCONSIN MARITIME MUSEUM INC WISC 9206840218 75 MARITIME DRIVE MANITOWOC WI 54220 CATHY GREEN EXECUTIVE DIRECTOR 9206840218 2023-11-14 1 CATHY GREEN XXX-XX-XXXX 1 LACEY SILBERNAGEL CPA P01245590 9206845500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN DUDEK 1011 S 10TH ST MANITOWOC WI 54220 1426482 0 X WWW.WISCONSINMARITIME.ORG X 1968 WI ENGAGES AND EDUCATES THE PUBLIC ABOUT THE MARITIME HISTORY OF WISCONSIN AND THE GREAT LAKES. 11 11 44 58 21257 0 785965 621543 368220 510722 79980 76844 120317 125233 1354482 1334342 0 0 0 0 555759 769701 0 0 116453 557978 591110 1113737 1360811 240745 -26469 5537448 5237314 516220 506147 5021228 4731167 X THE WISCONSIN MARITIME MUSEUM ENGAGES AND EDUCATES THE PUBLIC ABOUT THE MARITIME HISTORY OF WISCONSIN AND THE GREAT LAKES, INCLUDING WISCONSIN'S WORLD WAR II SUBMARINES AND USS COBIA. THE MUSEUM SHARES THIS RICH HERITAGE BY COLLECTING AND PRESERVING ARTIFACTS AND ARCHIVAL MATERIALS, CREATING INTERACTIVE EXHIBITS, PROMOTING RESEARCH, AND PRESENTING AWARD-WINNING EDUCATIONAL PROGRAMS. A FORUM FOR INFORMATION ABOUT THE PLANET'S LARGEST WATERSHED AND FRESH WATER SYSTEM, THIS PRIVATELY FUNDED MUSEUM IS RECOGNIZED AS ONE OF THE LEADING MARITIME MUSEUMS IN THE COUNTRY AND THE "PREMIER MARITIME MUSEUM ON THE GREAT LAKES." IN 2005, THE STATE ASSEMBLY DESIGNATED THE MUSEUM "THE STATE OF WISCONSIN'S MARITIME MUSEUM" 0 0 443381 404335 IN 2022, THERE WERE SIGNIFICANT COLLECTIONS ACQUISITIONS INCLUDING OVER 10,000 SHIPWRECK ARTIFACTS TRANSFERRED TO THE MUSEUM FROM A PRIVATE COLLECTOR. THE MUSEUM IS CURATING THESE ITEMS IN CONJUNCTION WITH THE STATE OF WISCONSIN. THE NEAR DOUBLING OF THE MUSEUM'S OBJECT COLLECTION WILL BE DRIVING THE REDEVELOPMENT OF OUR OFFSITE STORAGE FACILITY AT FRANKLIN STREET TO HOUSE A MUSEUM-QUALITY STORAGE FACILITY, CONSERVATION LAB, TEACHING SPACE, AND BOAT RESTORATION LAB, AND ENHANCED MUSEUM BEHIND THE SCENES' RESPONSIBILITIES. NUMEROUS NEW AND UPDATED EXHIBITS WERE ENACTED IN 2022, INCLUDING EXTERIOR INTERPRETIVE SIGNAGE, 2 ROTATIONS OF PHOTOGRAPHIC AND FINE ART EXHIBITS IN OUR TEMPORARY GALLERY, UPDATES TO OUR UNDERWATER TREASURES EXHIBIT, AND LOBBY' EXHIBIT AREA. 35201 32101 EDUCATION (PROGRAMS FOR ADULTS AND FAMILIES) - FORMAL EDUCATION PROGRAMS WERE BACK IN FULL EFFECT IN 2022, POST-COVID, WITH SCHOOL FIELD TRIPS AT NEAR MAXIMUM CAPACITY. INFORMAL EDUCATION PROGRAMS WERE ALSO IN HIGH DEMAND WITH OUR GROUP OVERNIGHT PROGRAM, SUBBNB, SENSORY FRIENDLY ACTIVITIES, AND ADULT GROUP TOURS ALSO OPERATING AT PRE-PANDEMIC LEVELS. NEW OPTIONS FOR TOURS ON USS COBIA INCLUDING INTEGRATING AUDIO TOURS INTO VISITOR TOUR OPTIONS. THE RELAUNCHING OF OUR SATURDAY LEARNING SERIES' ADULT EDUCATION PROGRAMS AS OUR MONTHLY THURSDAY NIGHT THINK AND DRINK' PROGRAMS WAS INCREDIBLY SUCCESSFUL WITH 50-100 IN PERSON ATTENDEES EACH MONTH, AND A SIMILAR NUMBER OF ONLINE PARTICIPANTS. OTHER HIGHLIGHTS INCLUDE 4TH OF JULY'S SUBFEST EVENT AND CHRISTMAS TREE SHIP DAY. 158405 144455 USS COBIA-RELATED WORK: CONTINUED HULL AND INTERIOR MAINTENANCE WORK; CONTINUED WORK ON ENGINES; CONTINUED IMPROVEMENTS TO THE INTERPRETATION OF USS COBIA. VOLUNTEERS CONTINUED TO PUT IN SIGNIFICANT HOURS PAINTING, REPAIRING, AND CLEANING ALL CORNERS OF THE SUBMARINE. IN ADDITION, NEW VIDEO SECURITY SYSTEM WAS INSTALLED ON THE SUBMARINE TO HELP MONITOR DAILY VISITORS. NEW INTERPRETIVE TOOLS, INCLUDING AN AUDIO TOUR APP WAS DEVELOPED AND DEPLOYED. FINALLY, A COMPREHENSIVE DRY DOCKING PLAN WAS OUTLINED AND WILL BEGIN IMPLEMENTATION IN 2022 FOR A PROJECTED 2025 DRY DOCK. 636987 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 44 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 WI X AMY FETTES 9206840218 75 MARITIME DR MANITOWOC WI 54220 JAMIE ZASTROW PRESIDENT 1.00 X X 0 0 0 TIM MCTIGUE BOARD MEMBER 1.00 X 0 0 0 RICH LARSEN TREASURER 1.00 X X 0 0 0 LOGAN ROONEY BOARD MEMBER 1.00 X 0 0 0 JERRY CLUSEN BOARD MEMBER 1.00 X 0 0 0 HOWARD ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 ROBERT CORNWELL BOARD MEMBER 1.00 X 0 0 0 JASON RING BOARD MEMBER 1.00 X 0 0 0 STEVE DUDEK VICE PRESIDENT 1.00 X X 0 0 0 REBECCA ABLER BOARD MEMBER 1.00 X 0 0 0 MARGARET HEFFERNAN BOARD MEMBER 1.00 X 0 0 0 THOMAS GRIESBACH SECRETARY 1.00 X X 0 0 0 JEFFREY SABEL BOARD DIRECTOR 1.00 X 0 0 0 KAREN NICHOLS BOARD DIRECTOR 1.00 X 0 0 0 CATHY GREEN EXECUTIVE DIRECTOR 40.00 X 90528 0 4187 90528 0 4187 0 0 0 0 0 49522 17525 9500 544996 621543 ADMISSIONS 900099 334166 334166 SUBMARINE OVERNIGHT 900099 123991 123991 EDUCATIONAL PROGRAMS 900099 32101 32101 SUB BNB 900099 20464 20464 510722 42867 42867 29230 7178 22052 22052 22052 33977 0 33977 33977 33977 14265 17525 11440 2825 2825 164948 73522 91426 70169 21257 MISCELLANEOUS INCOME 900099 4767 4767 INSURANCE PAYMENT 900099 4163 4163 8930 1334342 580891 21257 110651 94715 67557 27158 563050 374181 162885 25984 58430 58430 53506 53506 24269 24269 6048 6048 17125 17125 26423 15933 10490 60247 30560 15879 13808 21242 11233 3636 6373 93636 46500 39733 7403 16817 10980 5382 455 229 229 19590 19590 206396 134157 51599 20640 36610 1994 34217 399 BANK CARD FEES 18637 16403 2234 EXHIBIT EXPENSE 11373 11373 SPECIAL PROGRAMS 9215 9215 PAYROLL SERVICE CHARGES 9214 9214 14039 6565 5965 1509 1360811 636987 607371 116453 X 67795 616440 594581 0 92329 178497 23539 44028 30514 38707 709 709 9027192 5953148 3262322 3074044 31489 0 1434170 1284889 5537448 5237314 42166 58494 58154 41920 396084 379194 19816 26539 516220 506147 X 3540193 3148464 1481035 1582703 5021228 4731167 5537448 5237314 -26469 -263592 0 X 0 1 X 1 0 X 466474 273291 538443 785965 621543 2685716 667284 679062 313288 456659 639221 2755514 1133758 952353 851731 1242624 1260764 5441230 212777 25000 50000 70000 195450 553227 0 212777 25000 50000 70000 195450 553227 4888003 83706 77757 30887 56621 72097 321068 83706 77757 30887 56621 72097 321068 1795 58515 24082 84392 4850 23651 4850 20722 8930 63003 1222314 1053761 889263 1378482 1365873 5909693 0.82710 0.74520 0.05430 0.05120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1360787 35000 -201139 49200 1145448 1173807 90000 142780 45800 1360787 1038150 175228 34500 5071 1173807 876295 25000 166155 29300 1038150 948832 25000 -69437 28100 876295 0.09550 0.75600 0.14850 1 0 303694 303694 6663956 4256522 2407434 2059542 1696626 362916 3074044 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 1284889 1284889 CUSTOMER DEPOSITS 26539 26539 1071880 -263592 7178 -256414 1328294 6048 6048 1334342 1361941 7178 7178 1354763 6048 6048 1360811 PART III, LINE 1A: IN ORDER TO SAVE IMPORTANT OEUVRES FROM DESTRUCTION, WE BUILT A COLLECTION OF OBJECTS AND SITE WORKS THROUGH DONATIONS AND GRANTS. THE OBJECTS ARE REGULARLY EXHIBITED. COLLECTION ITEMS CAPITALIZED PRIOR TO 2010 ARE DEPRECIATED OVER THEIR ESTIMATED USEFUL LIVES UNLESS THEY HAVE CULTURAL, AESTHETIC, OR HISTORICAL VALUE THAT IS WORTH PRESERVING PERPETUALLY, AND THE ORGANIZATION IS PROTECTING AND PRESERVING ESSENTIALLY UNDIMINISHED THE SERVICE POTENTIAL OF THE COLLECTION ITEM. BEGINNING IN 2010, THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS WERE RESTRICTED BY DONORS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES CAN ONLY BE USED FOR ACQUISITION OR DIRECT CARE OF COLLECTIONS. THE ORGANIZATION CONSIDERS THE CARE OF ITS COLLECTIONS TO INCLUDE NOT ONLY THE PRESERVATION AND PROTECTION OF ITS OBJECTS BUT ALSO THE MAINTENANCE OF THE FULL RANGE OF RECORDS AND INVENTORIES OF ITS HOLDINGS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. THE VALUE OF ADDITIONS TO OUR COLLECTIONS DURING 2022 AND 2021 HAVE NOT BEEN DETERMINED. DURING 2022 AND 2021, THERE WERE NO DISPOSALS OF PREVIOUSLY CAPITALIZED COLLECTION ITEMS. PART III, LINE 4: THE MUSEUM IS HOME TO A UNIQUE COLLECTION OF: BOATS, AN OPERATING STEAM ENGINE, VINTAGE BOATS AND YACHTS (INCLUDING NATIVE AMERICAN BIRCHBARK CANOES, PROTO-TYPE POWER BOATS) AS WELL AS MANUSCRIPTS, INCLUDING RECORDS, MEMORABILIA, PERSONAL PAPERS, AND DIARIES AND INCLUDES APPROXIMATELY 8,000 BOOKS AND MORE THAN 40,000 PHOTOGRAPHS. RESEARCHERS AND AUTHORS VISIT AND USE THESE COLLECTIONS MORE FREQUENTLY EACH YEAR. BECAUSE OF THE MUSEUM'S CREDENTIALS AND REPUTATION, THE NUMBER OF INDIVIDUALS WHO DONATE SIGNIFICANT ARTIFACTS, DOCUMENTS, AND PHOTOGRAPHS IS ALSO INCREASING EACH YEAR. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND WAS ESTABLISHED FOR THE FOLLOWING PURPOSES: 1. TO SUPPORT THE OPERATIONS, PROGRAMS AND MISSION OF THE WISCONSIN MARITIME MUSEUM. 2. TO SUPPORT, FUND AND/OR FINANCE THE WISCONSIN MARITIME MUSEUM'S PRESENT AND FUTURE CAPITAL IMPROVEMENT PROJECTS WHETHER NEW CONSTRUCTION, MAINTENANCE, OR OTHERWISE. 3. TO RECEIVE ANY REAL PROPERTY OR TANGIBLE OR INTANGIBLE PERSONAL PROPERTY, INCLUDING MONEY GIVEN ANONYMOUSLY OR OTHERWISE, INCLUDING BY GIFT, GRANT, DEVISE OR BEQUEST FROM ANY INDIVIDUAL, FOUNDATION, ENTITY (EITHER PRIVARE OR PUBLIC), OR GOVERNMENTAL INSTRUMENTALITY FOR ANY PURPOSE SET FORTH IN THE ENDOWMENT FUND POLICY. 3. TO CARRY OUT OTHER PURPOSES WHICH ARE CONSISTENT WITH THE PURPOSES OF THE WISCONSIN MARITIME MUSEUM AS STATED IN ITS BYLAWS AND WHICH ARE ESTABLISHED BY A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES THEN IN OFFICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET WITH REVENUE ON 990 7,178. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET WITH REVENUE ON 990 7,178. SUB FEST 22 18380 13000 5380 6250 3830 SMOKE ON WATER 13410 4525 8885 1360 31790 17525 14265 6250 5190 11440 2825 FORM 990, PART VI, SECTION A, LINE 1A THE PROPERTY, BUSINESS AND AFFAIRS OF THE MUSEUM SHALL BE GOVERNED BY ITS BOARD OF TRUSTEES. THE BOARD OF TRUSTEES IS AUTHORIZED TO ADOPT AND REVISE FROM TIME TO TIME SUCH RULES AND REGULATIONS NOT INCONSISTENT WITH THE MUSEUM'S ARTICLES OF INCORPORATION OR BYLAWS AS DEEMED APPROPRIATE FOR THE OPERATION AND MISSION OF THE MUSEUM. ALL TRUSTEES ARE RESPONSIBLE FOR AND WILL ACTIVELY CONTRIBUTE TO THE DEVELOPMENT EFFORTS OF THE MUSEUM (FUNDRAISING, MARKETING, MEMBERSHIP, EVENTS). FORM 990, PART VI, SECTION A, LINE 6 THE MUSEUM HAS BOTH INDIVIDUAL/FAMILY MEMBERSHIPS AND CORPORATE MEMBERSHIPS. ANY INDIVIDUAL, FIRM OR ENTITY HAVING AN INTEREST IN THE MARITIME HISTORY AND/OR SCIENCE OF THE GREAT LAKES SHALL BE ELIGIBLE FOR MEMBERSHIP. TO QUALIFY, THE INDIVIDUAL, FIRM OR ENTITY MUST COMPLETE AN APPLICATION AND BE ACCEPTED FOR MEMBERSHIP AND PAY ANNUAL MEMBERSHIP DUES. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND BUSINESS MANAGER REVIEW AND PASS THE 990 INFORMATION ON THE THE FINANCE COMMITTEE OF THE BOARD FOR REVIEW BEFORE IT IS PRESENTED TO THE FULL BOARD AT THE NEXT AVAILABLE MEETING. FORM 990, PART VI, SECTION B, LINE 12 THE CEO OR BOARD PRESIDENT OR ANY MEMBER OF THE BOARD OR STAFF CAN RAISE A QUESTION ABOUT POTENTIAL CONFLICT OF INTEREST; A LIST OF VENDORS AND CONTRACTORS IS MAINTAINED AND PERIODICALLY REVIEWED BY THE CEO FOR POTENTIAL CONFLICTED RELATIONSHIPS WITH TRUSTEES OR STAFF AND THEIR IMMEDIATE FAMILIES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ANNUAL REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR, INCLUDING PERFORMANCE-BASED COMPENSATION AND COMPARABILITY DATA FOR SIMILAR MUSEUMS. THE EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF KEY EMPLOYEES THAT INCLUDES PERFORMANCE-BASED COMPENSATION AND COMPARABILITY DATA FOR SIMILAR MUSEUMS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2019 FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE ON GUIDESTAR AND IN PAPER COPY UPON REQUEST. ALL TRUSTEES, WHEN INITIALLY SEATED ON THE BOARD, ARE GIVEN A TRUSTEE HANDBOOK WITH THESE DOCUMENTS INCLUDED.