Nonprofit · EIN 02-0364509
PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION
Tax-exempt · PORTSMOUTH, NH 03801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $555,485 | $671,105 | -$115,620 | $2,608,192 | $5,963 | $2,602,229 |
| December 31, 2024 | 990 | $1,363,856 | $583,949 | $779,907 | $2,723,124 | $5,275 | $2,717,849 |
| December 31, 2023 | 990 | $527,528 | $497,668 | $29,860 | $1,956,704 | $18,762 | $1,937,942 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $34,891
- Membership dues
- $8,530
- Program service revenue
- $440,526
- Investment income
- $2,423
- Net income from sales of inventory
- $77,645
- Other revenue
- $77,645
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $47,360
- Salaries, compensation and benefits (total)
- $332,060
- Professional fundraising fees
- $0
- Legal fees
- $575
- Accounting fees
- $12,181
- Occupancy
- $78,929
- Depreciation
- $164,035
- Program services (functional)
- $513,400
- Management and general (functional)
- $81,812
- Fundraising (functional)
- $75,893
Balance sheet and other
- Total assets, start of year
- $2,723,124
- Total assets, end of year
- $2,608,192
- Total liabilities, end of year
- $5,963
- Net assets, end of year
- $2,602,229
- Land, buildings and equipment
- $2,300,631
- Net assets without donor restrictions
- $2,602,229
- Gross receipts
- $627,287
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1982
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH LATCHAW | PRESIDENT Trustee or director, Officer | 12 | $0 |
| NANETTE BULGER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| GARY WOODS | SECRETARY Trustee or director, Officer | 5 | $0 |
| PHILIP MUNCK | TREASURER Trustee or director, Officer | 20 | $0 |
| JOSEPH FREDA | DIRECTOR Trustee or director | 8 | $0 |
| KENNETH LINSCOTT | DIRECTOR Trustee or director | 5 | $0 |
| JAMES WAKEFIELD | DIRECTOR Trustee or director | 20 | $0 |
| NOAH LEMIRE | DIRECTOR Trustee or director | 5 | $0 |
| BARBARA VICEDOMINE | DIRECTOR Trustee or director | 5 | $0 |
| MARGOT HARRINGTON | DIRECTOR Trustee or director | 5 | $0 |
| DONALD COMSTOCK | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH LATCHAW | PRESIDENT Trustee or director, Officer | 12 | $0 |
| LAWRENCE HERRICK | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| GARY WOODS | SECRETARY Trustee or director, Officer | 5 | $0 |
| PHILIP MUNCK | TREASURER Trustee or director, Officer | 20 | $0 |
| JOSEPH FREDA | DIRECTOR Trustee or director | 8 | $0 |
| KENNETH LINSCOTT | DIRECTOR Trustee or director | 4 | $0 |
| JAMES WAKEFIELD | DIRECTOR Trustee or director | 20 | $0 |
| NOAH LEMIRE | DIRECTOR Trustee or director | 5 | $0 |
| BARBARA VICEDOMINE | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH LATCHAW | PRESIDENT Trustee or director, Officer | 12 | $0 |
| LAWRENCE HERRICK | VICE PRESIDENT Trustee or director, Officer | 16 | $0 |
| GARY WOODS | SECRETARY Trustee or director, Officer | 5 | $0 |
| PHILIP MUNCK | TREASURER Trustee or director, Officer | 20 | $0 |
| JOSEPH FREDA | DIRECTOR Trustee or director | 5 | $0 |
| KENNETH LINSCOTT | DIRECTOR Trustee or director | 8 | $0 |
| JAMES WAKEFIELD | DIRECTOR Trustee or director | 10 | $0 |
| NOAH LEMIRE | DIRECTOR Trustee or director | 5 | $0 |
| BARBARA VICEDOMINE | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 569 SUBMARINE WAY, PORTSMOUTH, NH 03801-2361
- Principal officer (990 for 2025)
- PHILIP MUNCK, 569 SUBMARINE WAY, PORTSMOUTH, NH 03801
- Signed the 990
- PHILIP MUNCK, TREASURER
- Phone
- (603) 436-3680
- Website
- WWW.USSALBACORE.ORG
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
TO EDUCATE THE PUBLIC ABOUT THE MARITIME HISTORY OF THE PISCATAQUA RIVER BASIN AND THE SIGNIFICANCE OF THE PORTSMOUTH NAVAL SHIPYARD AND THE U.S. NAVY'S SUBMARINE SERVICE. ITS MOST IMPORTANT ACTIVITY IS THE DISPLAY OF A SUBMARINE, FORMER USS ALBACORE, AND ASSOCIATED MUSEUM.
Program accomplishments
- THE FORMER USS ALBACORE IS SITUATED IN A DRY BASIN IN ALBACORE PARK WHERE THE GENERAL PUBLIC CAN ENTER AND WALK THROUGH IT, TOUCH AND OPERATE EQUIPMENT AND LISTEN TO AUDIO EXPLANATIONS AT NUMEROUS LOCATIONS INSIDE AND OUTSIDE THE VESSEL. A MUSEUM BUILDING DISPLAYS ITEMS PECULIAR TO USS ALBACORE, THE U.S. SUBMARINE FORCE IN GENERAL, AND THE LOCAL MARITIME REGION. ATTENDANCE AT THE PARK IN 2025 WAS 37,112 PERSONS. THE PARK WAS THE SITE FOR SEVERAL MAJOR OUTSIDE DISPLAYS BY ORGANIZATIONS PROMOTING STEM ACTIVITIES AND CAREERS.Expenses $513,400 · revenue $518,171
- AN ADDITION TO THE EXISTING VISITOR CENTER OF SOME 1,200 SQUARE FEET OF EXHIBITION SPACE WAS PUT INTO SERVICE ALONG WITH SIGNIFICANT REMODELING OF THE STRUCTURE WITH A FINAL TOTAL CONSTRUCTION COST OF APPROXIMATELY $1,220,000 USING GRANT FUNDS AND $377,000 FROM CAPITAL RESERVES WAS COMPLETED.
- A MEMORIAL GARDEN IS LOCATED WITHIN THE PARK WITH MONUMENTS DISPLAYING THE NAMES OF SUBMARINES LOST IN WORLD WAR II INCLUDING THE CREW OF THE CURRENT SUBMARINE'S NAMESAKE, USS ALBACORE (SS218). MOST VISITORS TO THE PARK ALSO VISITED THE GARDEN.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0364509
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $2,608,192
- Income (IRS master file)
- $627,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $555,485 | $671,105 | $2,608,192 | XML |
| 990 | December 2024 | $1,363,856 | $583,949 | $2,723,124 | IRS |
| 990 | December 2023 | $527,528 | $497,668 | $1,956,704 | XML |
| 990 | December 2022 | $374,400 | $456,202 | $1,910,442 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0364509).
Questions about PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION
- What is the EIN of PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION?
- The employer identification number (EIN) of PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION is 02-0364509.
- Is PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION?
- The 990 for the year ended December 31, 2025 names PHILIP MUNCK.
- Who are the officers and directors of PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does PORTSMOUTH SUBMARINE & MARITIME ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $555,485, expenses of $671,105 and total assets of $2,608,192 at year end.
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All nonprofits in PORTSMOUTH · New Hampshire · Arts, culture and humanities