2024-11-07T15:19:42-06:00 2023-12-31 391173131 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2023-01-01 391128473 WISCONSIN MARITIME MUSEUM INC WISC 9206840218 75 MARITIME DRIVE MANITOWOC WI 54220 JEFF SABEL BOARD PRESIDENT 9206840218 2024-11-05 1 0 LACEY SILBERNAGEL CPA P01245590 9206845500 2024-11-05 2023 2024-10-15 13:58:12Z JEFF SABEL 75 MARITIME DRIVE MANITOWOC WI 54220 1414229 0 X WWW.WISCONSINMARITIME.ORG X 1968 WI ENGAGES AND EDUCATES THE PUBLIC ABOUT THE MARITIME HISTORY OF WISCONSIN AND THE GREAT LAKES. 12 12 42 70 36979 0 621543 491531 510722 590830 76844 65191 125233 150671 1334342 1298223 0 0 0 0 769701 777149 0 0 109900 591110 688697 1360811 1465846 -26469 -167623 5237314 5210439 506147 485936 4731167 4724503 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 580579 485714 IN 2023, COLLECTIONS SAW A TRANSITION OF THE COLLECTIONS MANAGER. THE MUSEUM WORKED TO FINALIZE A MEMORANDUM OF UNDERSTANDING WITH THE WISCONSIN HISTORICAL SOCIETY, WHILE RECEIVING A MARITIME HERITAGE GRANT TO PROPERLY INVENTORY AND CARE FOR THE LARGE SHIPWRECK ARTIFACT COLLECTION. STARTING IN 2023, MORE THAN $300,000 WAS INVESTED IN EXTERIOR BUILDING RENOVATIONS AT THE MUSEUM'S OFF-SITE STORAGE FACILITY THAT IS NOW CALLED THE WISCONSIN MARITIME HERITAGE CENTER. IN THE YEARS TO COME, THIS CENTER WILL HOUSE A MUSEUM-QUALITY STORAGE FACILITY, CONSERVATION LAB, TEACHING SPACE, AND BOAT RESTORATION LAB, AND ENHANCED MUSEUM BEHIND THE SCENES RESPONSIBILITIES. SEVERAL NEW AND UPDATED EXHIBITS WERE ALSO DESIGNED AND INSTALLED IN 2023 USING ARTIFACTS FROM THE MUSEUM'S COLLECTION. THESE INCLUDED: BRINGING SHIPWRECKS TO LIFE, ADRIATIC AND THE BIRTH OF SELF-UNLOADING TECHNOLOGY, ATTACK OF THE SEA LAMPREYS, AND TOWERS OF POWER: 100+ YEARS OF OUTBOARD INNOVATION 23211 19418 FORMAL EDUCATION PROGRAMS SAW SIGNIFICANT INCREASES OVER 2023, WITH 132 SCHOOL FIELD TRIPS AT NEAR MAXIMUM CAPACITY, SERVING 4718 YOUTH AND ADULTS FROM ACROSS WISCONSIN AND THE MIDWEST. INFORMAL EDUCATION PROGRAMS WERE ALSO IN HIGH DEMAND WITH OUR GROUP OVERNIGHT PROGRAMS, THURSDAY "THINK N' DRINK" SERIES, SENSORY FRIENDLY ACTIVITIES, AND ADULT GROUP TOURS REACHED 4816 PEOPLE. OUTREACH EVENTS REACHED 5126 PEOPLE WITH DIRECT INTERACTIONS. IN TOTAL, OUR EDUCATIONAL PROGRAMS AND OUTREACH EFFORTS REACHED A TOTAL OF 14,660 YOUTH AND ADULTS. 203619 170348 2023 SAW MOSTLY STANDARD MAINTENANCE AND SMALL PROJECTS ABOARD THE SUBMARINE. THE BIGGEST PROJECT WAS THE START OF REPLACING COBIA'S WOODEN DECKING. VOLUNTEERS REPLACED THE OLD DECKING WITH NEW BOARDS. THE OLD PLANKS ARE CUT DOWN INTO SMALLER PIECES TO BE TURNED INTO PENS AND OTHER ITEMS AND SOLD TO RAISE MONEY FOR DRY DOCK. DRY DOCK RESTORATION AT FINCANTIERI BAY SHIPBUILDING IN STURGEON BAY WILL TAKE PLACE IN SEPTEMBER 2025. AT THE CLOSE OF 2023, THE DRY DOCK FUND RAISED $777,908.96, WHICH INCLUDES A $500,000 GRANT FROM THE NATIONAL PARKS SERVICE (SAVE AMERICA'S TREASURES). MEANWHILE, THE OVERNIGHT PROGRAM ABOARD COBIA WELCOMED NEARLY 3,000 YOUTH AND ADULTS FROM ACROSS THE MIDWEST WHO EXPERIENCED FIRST HAND WHAT IT IS LIKE TO SLEEP ON A WWII SUBMARINE. 807409 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 1 0 0 0 0 0 0 0 0 1 5 0 1 42 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 0 0 1 1 0 0 1 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 92596 0 5574 92596 0 5574 0 0 0 0 0 56368 27008 73457 334698 62620 491531 ADMISSIONS 900099 390565 390565 SUBMARINE OVERNIGHT 900099 157278 157278 EDUCATIONAL PROGRAMS 900099 19418 19418 SUB BNB 900099 13070 13070 REGISTRATION FEES 900099 8381 8381 2118 2118 590830 38823 38823 33720 3223 30497 30497 30497 26368 0 26368 26368 26368 26328 27008 29821 -3493 -3493 204591 82962 121629 84650 36979 INSURANCE PAYMENT 900099 2038 2038 2038 1298223 675480 36979 94233 98170 68719 29451 553256 415589 115342 22325 70463 46200 22326 1937 55260 27630 27630 80 80 25274 25274 7138 7138 72602 45672 26930 38874 32725 6149 119033 71168 31373 16492 15507 7682 3389 4436 76880 33162 38137 5581 17379 3533 13579 267 17387 17387 200787 130511 50197 20079 38799 18132 20667 BANK CARD FEES 21514 19556 1958 DUES AND SUBSCRIPTIONS 11528 3583 7547 398 PAYROLL SERVICE CHARGES 10706 10706 GROUND MAINTENANCE 2800 2800 12409 1747 9835 827 1465846 807409 548537 109900 X 616440 43014 244732 178497 130367 44028 49991 38707 46359 709 0 9318369 6153935 3074044 3164434 1284889 1531542 5237314 5210439 58494 61755 41920 37770 379194 360102 26539 26309 506147 485936 X 3148464 2884117 1582703 1840386 4731167 4724503 5237314 5210439 -167623 155293 5666 0 X 0 1 X 1 0 X 273291 538443 785965 621543 491531 2710773 679062 313288 456659 639221 737616 2825846 952353 851731 1242624 1260764 1229147 5536619 25000 50000 70000 195450 104655 445105 0 25000 50000 70000 195450 104655 445105 5091514 77757 30887 56621 72097 72543 309905 77757 30887 56621 72097 72543 309905 1795 58515 24082 36979 121371 23651 4850 20722 8930 2038 60191 1053761 889263 1378482 1365873 1340707 6028086 0.84460 0.82710 0.05140 0.05430 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 23,651. 2020 AMOUNT: $ 4,850. 2021 AMOUNT: $ 20,722. 2022 AMOUNT: $ 8,930. 2023 AMOUNT: $ 2,038. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1145448 5000 179155 45900 1283703 1360787 35000 -201139 49200 1145448 1173807 90000 142780 45800 1360787 1038150 175228 34500 5071 1173807 876295 25000 166155 29300 1038150 0.09908 0.67849 0.22243 1 0 303694 303694 6663956 4412543 2251413 2059542 1741392 318150 291177 291177 3164434 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 1531542 1531542 CUSTOMER DEPOSITS 26309 26309 1475761 155293 5666 23717 184676 1291085 7138 7138 1298223 1482425 23717 23717 1458708 7138 7138 1465846 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 2023 AND 2022 HAVE NOT BEEN DETERMINED. DURING 2023 AND 2022, 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 3,223. FUNDRAISING EXPENSES NET WITH REVENUE ON 990 20,494. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET WITH REVENUE ON 990 3,223. FUNDRAISING EXPENSES NET WITH REVENUE ON 990 20,494. SMOKE ON WATER 26674 9008 17666 9270 877 1482 SUBFEST 26662 18000 8662 18192 53336 27008 26328 9270 877 19674 29821 -3493 X SUPPLIES 2 43043 FMV X ADVERTISEMENT 2 10000 FMV X FUNDRAISER 9 9327 FMV X HOSPITALITY 1 250 FMV 0 0 0 0 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 EXECUTIVE DIRECTOR, BUSINESS MANAGER, AND FINANCE COMMITTEE REVIEW THE 990 BEFORE BEING FINALIZED. 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.