EIN 23-7102744

Herreshoff Marine Museum

IRS 501(c) type
501(c)(3)
Num. employees
47
Year formed
1971
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Herreshoff Marine Museum interprets the history and accomplishments of the Herreshoff Manufacturing Co. and America's Cup, with a dedication to inspiring and educating the public through presentations of innovative work. The museum also features an America's Cup Hall of Fame. Monthly lectures cover topics ranging from historic maritime events to contemporary exhibits and ongoing restoration projects.
Also known as...
Americas Cup Hall of Fame
Total revenues
$1,623,876
2022
Total expenses
$1,565,625
2022
Total assets
$4,774,200
2022
Num. employees
47
2022

Program areas at Herreshoff Marine Museum

Waterfront and education programs: includes the seamanship program, lectures, the workshop program in classic boat maintenance and educational partnerships. The workshop program in classic boat maintenance provides a hands-on experience in helping to care for the Museum's active-use collection of watercraft. The seamanship program's primary goals are to teach sailing skills and water awareness, to instill a love of the Marine environment and to create lifelong sailors.
Program events: the Museum's monthly lecture series brings the knowledge of established authors, sailors, and experts directly to the public. Topics cover historic maritime events, contemporary exhibits and sailing programs, and ongoing restoration projects and replica builds. Program events also include the Herreshoff classic yacht regatta which brings classic yacht enthusiasts to the Museum on narragansett bay for an annual celebration of the Herreshoff manufacturing company heritage.
Museum activities and admissions: the Herreshoff Marine Museum and america's cup hall of fame are dedicated to the inspiration and education of the public through the presentation of the history and innovative work of the Herreshoff manufacturing company and the america's cup competition. Visitors to the Museum have the opportunity to explore the world's largest collection of any one naval architect's life work. The genius of the Herreshoff brothers is unsurpassed in its cominbation of business acumen and innovation.
Expenses for other program services include Museum store payroll and fixtures, repairs and maintenance of multiple historic buildings on the organization's campus, and specialty projects for content development. The balance of program service revenue is from commercial sponsors.

Who funds Herreshoff Marine Museum

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Edward W Kane and Martha J Wallace Family FoundationUnrestricted$100,000
Bny Mellon Charitable Gift FundTo Further the Organization's Exempt Purpose$25,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$18,230
...and 24 more grants received totalling $293,812

Personnel at Herreshoff Marine Museum

NameTitleCompensation
Jackie CrosbyChief Finance Officer
Bill LynnPresident and Executive Director
William LynnExecutive Director$170,355
Ted ReganDirector of Advancement
John CobbFacilities Manager
...and 9 more key personnel

Financials for Herreshoff Marine Museum

RevenuesFYE 12/2022
Total grants, contributions, etc.$943,302
Program services$744,075
Investment income and dividends$4,887
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-67,730
Net gain from sale of non-inventory assets$-18,667
Net income from fundraising events$-16,013
Net income from gaming activities$0
Net income from sales of inventory$34,022
Miscellaneous revenues$0
Total revenues$1,623,876

Form 990s for Herreshoff Marine Museum

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-07-25990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Edward W Kane and Martha J Wallace Family Foundation
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 23, 2023
Received grants
Identified 14 new grant, including a grant for $42,525 from The Champlin Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
Fundraising eventsState / local levelEndowed supportTax deductible donations
General information
Address
1 Burnside St
Bristol, RI 02809
Metro area
Providence-Warwick, RI-MA
County
Bristol County, RI
Website URL
herreshoff.org/ 
Phone
(401) 253-5000
IRS details
EIN
23-7102744
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1971
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A54: History Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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