2024-08-23T08:24:44-05:00 2023-12-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-01-01 222570380 LAKE CHAMPLAIN MARITIME MUSEUM HARBOR INC LAKE 8024752022 4472 BASIN HARBOR ROAD VERGENNES VT 05491 CHRISTOPHER SABICK EXECUTIVE DIRECTOR 8024752022 2024-08-21 1 0 CONNIE FELLION P01875413 8026581808 2024-08-21 2023 2024-08-08 14:25:15Z CHRISTOPHER SABICK 4472 BASIN HARBOR ROAD VERGENNES VT 05491 2065304 0 X WWW.LCMM.ORG X 1985 VT TO PRESERVE AND SHARE THE CULTURAL AND NATURAL HERITAGE OF THE LAKE CHAMPLAIN REGION. 16 16 41 63 0 0 1364441 1479149 167079 358912 28744 -109963 65662 18588 1625926 1746686 0 0 0 0 953381 996217 0 0 151291 753488 963288 1706869 1959505 -80943 -212819 5186790 5213745 383058 276926 4803732 4936819 TO PRESERVE AND SHARE THE CULTURAL AND NATURAL HERITAGE OF THE LAKE CHAMPLAIN REGION BY CONNECTING ALL PEOPLE WITH THE LAKE, INSPIRING THEM TO LEARN FROM THE PAST, BUILD TOGETHER IN THE PRESENT, AND CREATE A SUSTAINABLE FUTURE. 0 0 207831 30192 GENERAL OPERATION OF THE MUSEUM INCLUDING COURSES, GENERAL EDUCATION PROGRAMS, VIRTUAL EDUCATION PROGRAMS, DIGITAL EDUCATION THROUGH SOCIAL MEDIA AND THE MUSEUM'S WEBSITE, RESEARCH, AND CHILDREN'S PROGRAMMING. FOR THE 2023 SEASON, OVER 10,000 PEOPLE VISITED THE MUSEUM IN-PERSON AND FREE OF CHARGE WHILE THOUSANDS OF OTHERS EXPLORED LCMM'S DIGITAL PROGRAMMING. 736264 112278 VARIOUS EDUCATIONAL PROGRAMS INCLUDING CHAMPLAIN DISCOVERY & LONGBOATS THAT TEACH BOAT BUILDING, NAVIGATION, HISTORY AND ECOLOGY TO HIGH SCHOOL STUDENTS. OTHER EDUCATIONAL PROGRAMS INCLUDE VARIOUS NAUTICAL-RELATED COURSES, SCHOOL OUTREACH PROGRAMS, AND SUMMER CAMPS. 299345 224455 VARIOUS ARCHAEOLOGY PROJECTS, INCLUDING RESEARCHING, DOCUMENTING, PROTECTING, AND MAKING ACCESSIBLE LAKE CHAMPLAIN'S UNDERWATER CULTURAL RESOURCES. THIS WORK MAKES POSSIBLE THE CONSERVATION AND PRESENTATION OF OVER 300 SHIPWRECKS IN THE LAKE AND 10,000 OBJECTS AND ARCHIVES IN THE MUSEUM'S COLLECTION. 1243440 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 23 0 1 41 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CHRISTOPHER SABICK 8024752022 4472 BASIN HARBOR ROAD VERGENNES VT 05491 SCOTT HARDY CHAIR 2.00 X X 0 0 0 ED MCGUIRE VICE-CHAIR 2.00 X X 0 0 0 FRANK KOSTER TREASURER 2.00 X X 0 0 0 TIM HODSON SECRETARY 2.00 X X 0 0 0 ROBERT H BEACH JR DIRECTOR 1.00 X 0 0 0 HARRY CHAUCER DIRECTOR / INSTRUCTOR 1.00 X 0 0 0 WILLIAM FOX DIRECTOR 1.00 X 0 0 0 AMY JOHNSTON DIRECTOR 1.00 X 0 0 0 DYER JONES DIRECTOR 1.00 X 0 0 0 HANNAH LANGSDALE DIRECTOR 1.00 X 0 0 0 WENDY LYNCH DIRECTOR 1.00 X 0 0 0 ADAM POWERS DIRECTOR 1.00 X 0 0 0 STACY RAPHAEL DIRECTOR 1.00 X 0 0 0 MIGUEL FERNANDEZ DIRECTOR 1.00 X 0 0 0 CATHERINE PARKER DIRECTOR 1.00 X 0 0 0 CHIEF DON STEVENS DIRECTOR 1.00 X 0 0 0 SUSAN MCCLURE EXECUTIVE DIRECTOR (TERM 04/23) 40.00 X 33939 0 0 LAUREN ROSS INTERIM CO-EXEC. DIR. (05/23 -11/23) 40.00 X 72332 0 0 CHRISTOPHER SABICK EXECUTIVE DIRECTOR (START 05/23) 40.00 X 77219 0 0 183490 0 0 0 0 0 0 0 20811 741934 716404 127658 1479149 RESEARCH CONTRACT INCOME 900099 225455 225455 EDUCATIONAL - TUITION & ADMISSION 900099 133457 133457 358912 76804 76804 10575 0 10575 10575 10575 86111 23000 91339 204539 -5228 -181539 -186767 -186767 29563 22740 6823 6823 OTHER INCOME 900099 1190 1190 1190 1746686 366925 0 -99388 X 137209 70532 32599 34078 716102 542408 131849 41845 76745 57015 13941 5789 66161 48099 12115 5947 18020 18020 349598 271578 76105 1915 53543 16143 702 36698 40403 11988 16849 11566 40989 12446 28138 405 66160 55533 4025 6602 1717 843 750 124 4047 4047 141053 141053 61818 50611 8277 2930 MATERIALS, SUPPLIES & E 74287 67565 6603 119 REPAIRS & MAINTENANCE 65387 6029 59351 7 PERMITS, LICENSES, AND 30799 29415 834 550 DUES & SUBSCRIPTIONS 5409 1704 2358 1347 10058 1531 7158 1369 1959505 1243440 564774 151291 287258 431578 375465 25367 380884 299995 8255 178710 64154 57570 66429 58768 3188041 2181714 1099442 1006327 2904903 3155430 5186790 5213745 114802 93828 88685 15306 179571 167792 383058 276926 X 1137672 1173479 3666060 3763340 4803732 4936819 5186790 5213745 -212819 345906 0 X 0 1 X 1 0 X 833414 1018309 1673422 1364441 1479149 6368735 833414 1018309 1673422 1364441 1479149 6368735 393897 5974838 80217 61009 63531 72424 87379 364560 1921 1820 4470 1190 9401 6742696 1646136 0.88610 0.86860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2904903 416824 166297 3155430 3587421 -577018 105500 2904903 3396280 1175 338559 148593 3587421 3110495 434378 148593 3396280 2750234 2100 505291 147130 3110495 0.00000 1.00000 0.00000 0 0 1899624 1306662 592962 1288417 875052 413365 1006327 X 2132832 345906 22500 22740 391146 1741686 5000 5000 1746686 1999745 22500 22740 45240 1954505 5000 5000 1959505 PART III, LINE 4: THE ORGANIZATION HOLDS ARTWORK, ARTIFACTS, BOATS, AND RELATED ITEMS FOR BOTH PUBLIC EXHIBITION AND RESEARCH ACTIVITIES IN FURTHERANCE OF ITS EXEMPT PURPOSE. PART V, LINE 4: INCOME FROM THE ORGANIZATION'S PERMANENT ENDOWMENT IS AVAILABLE FOR OPERATIONS WITH PORTIONS RESTRICTED TO SPECIFIC EDUCATIONAL AND OTHER ACTIVITIES. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE, AND IS CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1). IN ADDITION, CONTRIBUTIONS TO THE MUSEUM QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER INTERNAL REVENUE CODE SECTION 170(B)(1)(A). FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX-EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 22,740. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS 5,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 22,740. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS 5,000. X 144 FAIR VALUE X 1250 FAIR VALUE X 2 7664 AVERAGE SHARE PRICE X 1 118600 APPRAISAL 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B A FIRST DRAFT OF FORM 990 IS REVIEWED BY THE BUSINESS MANAGER AND EXECUITVE DIRECTOR WITH A FINAL "DRAFT", IN .PDF FORMAT, MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BUSINESS MANAGER AND EXECUTIVE DIRECTOR MONITOR AND APPROVE ALL DISBURSEMENTS DURING THE YEAR AND INQUIRE OF BOARD MEMBERS AS TO ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER SENIOR MANAGEMENT USING FORMAL AND INFORMAL COMPARABILITY DATA WITH CONTEMPORANEOUS SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS NEVER BEEN ASKED TO MAKE PUBLIC ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, OR CONFLICT OF INTEREST POLICY AND HAS NO FORMAL POLICY RELATED TO THE RELEASE OF THESE DOCUMENTS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 271,578. MANAGEMENT AND GENERAL EXPENSES 76,105. FUNDRAISING EXPENSES 1,915. TOTAL EXPENSES 349,598.