2024-02-15T13:04:25-05:00 2023-03-31 010511973 NICHOLSON MICHAUD & NADEAU CPAS 76 SILVER ST WATERVILLE ME 049016528 990 2022-04-01 016015647 PENOBSCOT MARINE MUSEUM PENO 2075482529 PO BOX 498 SEARSPORT ME 04974 JON JOHANSEN PRESIDENT 2075482529 2024-02-13 true JON JOHANSEN 999009999 false ERIK NADEAU CPA P00959193 2078727077 2024-02-13 2022 2023-04-26 12:10:37Z JON JOHANSEN PO BOX 498 SEARSPORT ME 04974 1973497 false X WWW.PENOBSCOTMARINEMUSEUM.ORG X 1936 ME PENOBSCOT MARINE MUSEUM INSPIRES CURIOSITY AND FOSTERS UNDERSTANDING ABOUT LIFE AND WORK ON THE MAINE COAST TO ENCOURAGE STEWARDSHIP OF OUR COMMUNITIES AND THE SEA. 15 15 8 60 0 825116 762129 69299 89332 570666 -107291 39130 31770 1504211 775940 0 0 625903 606508 0 168301 447503 518452 1073406 1124960 430805 -349020 8277134 7423631 347575 347673 7929559 7075958 X PENOBSCOT MARINE MUSEUM INSPIRES CURIOSITY AND FOSTERS UNDERSTANDING ABOUT LIFE AND WORK ON THE MAINE COAST TO ENCOURAGE STEWARDSHIP OF OUR COMMUNITIES AND THE SEA. false false 538973 69728 THE CURATORIAL DEPARTMENT OCCUPIES PORTIONS OF 13 BUILDINGS, WHICH HOUSE THE MUSEUM'S COLLECTION OF APPROXIMATELY 10,000 ARTIFACTS. THOSE ITEMS NOT DISPLAYED ARE STORED IN A SECURE CLIMATE CONTROLLED ENVIRONMENT. A COMPUTERIZED DATABASE IS USED TO MANAGE THE ARTIFACTS. THE LIBRARY HOUSES A COLLECTION OF OVER 12,000 BOOKS INCLUDING PAMPHLETS, DOCUMENTS, ORIGINAL CORRESPONDENCE AND GENEALOGICAL RECORDS. THE LIBRARY PHOTOGRAPHIC COLLECTION CONTAINS OVER 300,000 IMAGES OF MARITIME AND REGIONAL PHOTOGRAPHS. ALL LIBRARY COLLECTIONS ARE HOUSED IN A 4,500 SQ FT CLIMATE CONTROLLED BUILDING. LIBRARY COLLECTIONS ARE AVAILABLE FOR RESEARCH, AND THE MAJORITY OF PHOTOGRAPHS IN THE COLLECTION HAVE BEEN DIGITIZED AND MADE AVAILABLE THROUGH A SEARCHABLE ONLINE DATABASE. NEARLY 5,000 VISITORS TOURED THE MUSEUM THIS YEAR. BOTH CHANGING AND TRAVELING EXHIBITS ARE DEVELOPED AND PROMOTED EACH YEAR. 156808 45110 THE EDUCATION DEPARTMENT OFFERS PROGRAMS THROUGHOUT THE YEAR THAT ENGAGE LEARNERS OF ALL AGES WITH THE MUSEUM'S MISSION. ONE CAMPUS BUILDING IS SPECIFICALLY DESIGNATED AS AN INTERACTIVE LEARNING AND ACTIVITY AREA, AND HANDS-ON COMPONENTS ARE BUILT INTO OTHER EXHIBITS AS WELL. THE EDUCATION DEPARTMENT OFFERS LECTURE SERIES, HANDS-ON WORKSHOPS, SCHOOL FIELD TRIPS, GUIDED TOURS, AND COMMUNITY OUTREACH. THE MUSEUM ALSO HAS A DEDICATED EDUCATION WEBSITE FOR MAINE STUDENTS AND EDUCATORS THAT INCLUDES A DETAILED ALIGNMENT OF THE MAINE EDUCATIONAL STANDARDS WITH MUSEUM CONTENT. 695781 true true false false false false false true false true true false false true true false true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false true 18 0 true 8 true false false false false false false false false false false false false X 15 15 true false false false false false false true true false false true true true true true true true false false X KAREN SMITH 2075482529 5 CHURCH STREET SEARSPORT ME 04974 JON JOHANSEN PRESIDENT 2.00 X X 0 0 0 DEIRDRE H HENDERSON SECRETARY 1.00 X X 0 0 0 RICHARD WELLMAN TREASURER 1.00 X X 0 0 0 DANIEL NICHOLS VP OF OPERAT 1.00 X 0 0 0 ALONZO ALLEY TRUSTEE 1.00 X 0 0 0 GREGORY CURTIS TRUSTEE 1.00 X 0 0 0 JAMES H DUFF TRUSTEE 1.00 X 0 0 0 LIZ FITZSIMMONS TRUSTEE 1.00 X 0 0 0 ALISON GILCHRIST TRUSTEE 1.00 X 0 0 0 WAYNE HAMILTON TRUSTEE 1.00 X 0 0 0 CAPTAIN DOUGLAS LEE TRUSTEE 1.00 X 0 0 0 CAPTAIN DANIEL PARROTT TRUSTEE 1.00 X 0 0 0 STEPHEN TALL TRUSTEE 1.00 X 0 0 0 WILLIAM WELTE TRUSTEE 1.00 X 0 0 0 BRONSON PLATNER TRUSTEE 1.00 X 0 0 0 KAREN SMITH EXECUTIVE DI 40.00 X 89559 0 14229 89559 14229 false false false 17495 100830 643804 56728 762129 PROGRAM FEES 45110 45110 ADMISSIONS 44222 44222 89332 123518 123518 881966 647675 465100 234291 -465100 -230809 -230809 87440 100830 81176 6264 6264 29112 3606 25506 25506 775940 114838 -101027 X 113865 22773 62626 28466 426717 313585 85688 27444 6950 4401 1857 692 18385 17162 70 1153 40591 26495 10306 3790 7000 7000 25748 25748 164517 63859 18248 82410 938 53 885 31957 21928 2439 7590 86094 63762 18806 3526 2751 2256 417 78 16478 16478 70308 69095 758 455 48447 39729 5121 3597 MISCELLANEOUS 30446 25766 1565 3115 MAINTENANCE ALLOCATION 25328 23301 1267 760 DUES AND SUBSCRIPTIONS 7535 764 2431 4340 PROFESSIONAL DEVELOPMENT 905 905 1124960 695781 260878 168301 23747 2454 576709 622466 26781 32121 11519 11519 4461319 2592842 2258540 1868477 4515499 4092490 864339 794104 8277134 7423631 101743 50186 180832 147487 65000 150000 347575 347673 X 4176742 3756406 3752817 3319552 7929559 7075958 8277134 7423631 X -349020 -548857 44276 X X false true X true false X 558898 521474 626619 825116 762129 3294236 94893 95894 26383 103230 118444 438844 653791 617368 653002 928346 880573 3733080 131167 62103 78220 98190 56738 426418 131167 62103 78220 98190 56738 426418 3306662 134746 129838 115721 169035 123518 672858 134746 129838 115721 169035 123518 672858 8800 5264 14064 788537 747206 768723 1106181 1009355 4420002 0.74810 0.71500 0.15000 0.16000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 4281861 -157477 290450 3833934 4158774 336091 213004 4281861 3558836 859693 259754 4158774 3960905 -172761 229309 3558835 3874613 351550 265258 3960905 0.43280 0.53850 0.02870 false false 729181 729181 3431634 2299317 1132317 300504 293525 6979 1868477 BENEFICIAL INTEREST-PERPETUAL TRUSTS 789604 ASSETS HELD FOR SALE 4500 794104 LINE OF CREDIT 150000 150000 286865 -548857 748 84782 -463327 750192 25748 25748 775940 1184742 748 84782 85530 1099212 25748 25748 1124960 SCHEDULE D, PAGE 2, PART III, LINE 4 THE VALUES OF THE FINE ARTS AND LIBRARY COLLECTIONS HELD BY THE MUSEUM ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS AND ARE INTENDED TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS OR PRESERVE AND MAINTAIN THE CURRENT COLLECTIONS. THERE WERE NO PURCHASES OR SALES OF COLLECTION ITEMS DURING THE YEARS ENDED MARCH 31, 2023 AND 2022, RESPECTIVELY. THE MUSEUMS FINE ARTS COLLECTION CONSISTS OF APPROXIMATELY 10,000 ITEMS PERTAINING TO THE MARITIME INDUSTRY IN SEARSPORT, MAINE, AND SURROUNDING COMMUNITIES. ITEMS INCLUDE PAINTINGS, BUILDINGS, SCULPTURES, MODELS AND OTHER HISTORICAL ARTIFACTS. THE LIBRARY COLLECTION CONTAINS OVER 12,000 BOOKS INCLUDING PAMPHLETS, DOCUMENTS, ORIGINAL CORRESPONDENCE AND GENEALOGICAL RECORDS. THE LIBRARY PHOTOGRAPHIC COLLECTION CONTAINS OVER 300,000 IMAGES OF MARITIME AND REGIONAL PHOTOGRAPHS. SCHEDULE D, PAGE 2, PART V, LINE 4 THE PENOBSCOT MARINE MUSEUM'S ENDOWMENT FUNDS ARE TO BE INVESTED IN A THOUGHTFUL AND PRUDENT MANNER SO AS TO SUPPORT THE MUSEUM'S MISSION BY PROVIDING INCOME TOWARDS THE ANNUAL OPERATING BUDGET WHILE PRESERVING THE PRINCIPAL OF THE FUND AGAINST THE LONG-TERM EFFECTS OF INFLATION. SCHEDULE D, PAGE 4, PART XI, LINE 2D GIFT SHOP COST OF GOODS SOLD 3,606 GALA FUNDRAISING EXPENSES 81,176 SCHEDULE D, PAGE 4, PART XII, LINE 2D GIFT SHOP COST OF GOODS SOLD 3,606 GALA FUNDRAISING EXPENSES 81,176 SWEEPSTAKES 105700 44300 61400 44300 GALA AUCTION 82570 56530 26040 5000 10550 500 20826 188270 100830 87440 5000 10550 500 65126 81176 6264 X 1 44300 APPRAISAL VALUE X AUCTION ITEMS 1 11680 FMV AT DONATION DATE X OTHER IN-KIND 1 748 FMV AT DONATION DATE false false false FORM 990, PAGE 2, PART III, LINE 4A THE CURATORIAL DEPARTMENT OCCUPIES PORTIONS OF 13 BUILDINGS, WHICH HOUSE THE MUSEUM'S COLLECTION OF APPROXIMATELY 10,000 ARTIFACTS. THOSE ITEMS NOT DISPLAYED ARE STORED IN A SECURE CLIMATE CONTROLLED ENVIRONMENT. A COMPUTERIZED DATABASE IS USED TO MANAGE THE ARTIFACTS. THE LIBRARY HOUSES A COLLECTION OF OVER 12,000 BOOKS INCLUDING PAMPHLETS, DOCUMENTS, ORIGINAL CORRESPONDENCE AND GENEALOGICAL RECORDS. THE LIBRARY PHOTOGRAPHIC COLLECTION CONTAINS OVER 300,000 IMAGES OF MARITIME AND REGIONAL PHOTOGRAPHS. ALL LIBRARY COLLECTIONS ARE HOUSED IN A 4,500 SQ FT CLIMATE CONTROLLED BUILDING. LIBRARY COLLECTIONS ARE AVAILABLE FOR RESEARCH, AND THE MAJORITY OF PHOTOGRAPHS IN THE COLLECTION HAVE BEEN DIGITIZED AND MADE AVAILABLE THROUGH A SEARCHABLE ONLINE DATABASE. NEARLY 5,000 VISITORS TOURED THE MUSEUM THIS YEAR. BOTH CHANGING AND TRAVELING EXHIBITS ARE DEVELOPED AND PROMOTED EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 2 ALISON GILCHRIST JAMES DUFF TRUSTEE TRUSTEE FAMILY MEMBER FORM 990, PAGE 6, PART VI, LINE 11B BOARD OF TRUSTEES REVIEW AND APPROVE THE COMPLETED FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY ALL BOARD OF TRUSTEE MEMBERS AND EMPLOYEES MUST AGREE TO A CONFLICT OF INTEREST POLICY AND LIST ANY POTENTIAL CONFLICT SITUATIONS. ANY POTENTIAL SITUATIONS OF CONCERN, WHEHTER DISCOVERED UNDER VOLUNTARY DISCLOSURE OF OTHERWISE ARE INVESTIGATED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF EXECUTIVE DIRECTOR IS DETERMINED BY BOARD APPOINTED COMMITTEE OF SELECTED BOARD MEMBERS AND BOARD OFFICERS. COMPLETED ANNUALLY. COMPARABLE DATA USED AS REFERENCE TO FAIRNESS OF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL BY BOARD OF TRUSTEES ON A CASE BY CASE BASIS. FORM 990, PART IX, LINE 11G OUTSIDE CONTRACTORS 56,367 11,076 72,239 FEES 3,735 204 8,079 SERVICE CONTRACTS 3,757 6,968 2,092 TOTAL 63,859 18,248 82,410 FORM 990, PART XI, LINE 9 GIFT SHOP COST OF GOODS SOLD 3,606 GALA FUNDRAISING EXPENSES 81,176 GIFT SHOP COST OF GOODS SOLD -3,606 GALA FUNDRAISING EXPENSES -81,176 FORM 990, PAGE 12, PART XII, LINE 2C THERE WERE NO CHANGES IN THE BOARD PROCESS FOR OVERSEEING THE AUDIT PROCESS. ALL BOARD MEMBERS RECEIVE A COPY OF THE AUDIT. THE FINANCE COMMITTEE WILL REVIEW THE FINANCIAL STATEMENTS AND MAKE A RECOMMENDATION TO THE BOARD TO ACCEPT. THE FINANCIALS ARE PRESENTED TO THE BOARD AT A REGULARLY SCHEDULED BOARD MEETING BY THE AUDITOR AT WHICH THE FULL BOARD VOTES TO ACCEPT OR NOT.