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Nonprofit · EIN 04-2139204

BOSTON MARINE SOCIETY

Tax-exempt · CHARLESTOWN, MA 02129

Financials

$631K$905K2023$1.6M$993K2024
Revenue Expenses · by fiscal year end
Financials of BOSTON MARINE SOCIETY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,553,810$992,726$561,084$27,336,320$1,493,809$25,842,511
December 31, 2023990$630,699$904,538-$273,839$24,409,964$218,084$24,191,880
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$142,109
Membership dues
$1,789
Program service revenue
$11,200
Investment income
$1,400,501
Net gain from sales of assets
$733,812
Other revenue
$0

Expenses

Grants and similar amounts paid
$197,500
Other salaries and wages
$138,718
Salaries, compensation and benefits (total)
$154,088
Professional fundraising fees
$0
Legal fees
$1,700
Accounting fees
$27,133
Occupancy
$137,574
Travel
$14,814
Depreciation
$2,333
Program services (functional)
$507,475
Management and general (functional)
$485,251

Balance sheet and other

Total assets, start of year
$24,409,964
Total assets, end of year
$27,336,320
Total liabilities, end of year
$1,493,809
Net assets, end of year
$25,842,511
Land, buildings and equipment
$6,034
Publicly traded securities
$23,473,770
Net assets without donor restrictions
$25,206,225
Net assets with donor restrictions
$636,286
Gross receipts
$5,907,475
Employees
2
Volunteers
0
Year formed
1754
State of legal domicile
MA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
LISA V WALSHEXECUTIVE DIRECTOR
Highest-paid employee
40$146,544
CAPTAIN PETER J LAWRENCETRUSTEE
Trustee or director
2$0
CAPTAIN STEFAN J PALMERTRUSTEE
Trustee or director
2$0
CAPTAIN BRUCE F PORTERTRUSTEE
Trustee or director
2$0
CAPTAIN ANDREW TRIANDAFILOUTRUSTEE
Trustee or director
2$0
CAPTAIN MICHAEL R BURNS JRSECRETARY
Trustee or director
2$0
CAPTAIN ROBERT A KOLOFSKYTRUSTEE EMERITUS
Trustee or director
2$0
CAPTAIN JAY C BURGESSTRUSTEE
Trustee or director
2$0
CAPTAIN CHARLES G GIFFORDTRUSTEE
Trustee or director
2$0
CAPTAIN JEFFREY J HAVLICEKTRUSTEE
Trustee or director
2$0
CAPTAIN A ROSS POPETRUSTEE EMERITUS
Trustee or director
2$0
CAPTAIN CARL A POTTEYTRUSTEE
Trustee or director
2$0
CAPTAIN DAVID L HAGNERTRUSTEE
Trustee or director
2$0
CAPTAIN JOHN N HEALEYTRUSTEE
Trustee or director
2$0
CAPTAIN RICHARD R CUNIOVICE PRESIDENT
Officer
2$0
3 more people on this return
NameTitleHours / weekCompensation
CAPTAIN MARTIN E CONROY JRTREASURER
Officer
2$0
CAPTAIN JOHN F MULDERIGPRESIDENT
Officer
2$0
MARTHA R BAGLEY ESQASSISTANT SECRETARY/TREASU
Officer
2$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensation
LISA V WALSHEXECUTIVE DIRECTOR
Highest-paid employee
40$138,165
CAPTAIN PETER J LAWRENCETRUSTEE
Trustee or director
2$0
CAPTAIN STEFAN J PALMERTRUSTEE
Trustee or director
2$0
CAPTAIN BRUCE F PORTERTRUSTEE
Trustee or director
2$0
CAPTAIN ANDREW TRIANDAFILOUTRUSTEE
Trustee or director
2$0
CAPTAIN MICHAEL R BURNS JRSECRETARY
Trustee or director
2$0
CAPTAIN ROBERT A KOLOFSKYTRUSTEE EMERITUS
Trustee or director
2$0
CAPTAIN JAY C BURGESSTRUSTEE
Trustee or director
2$0
CAPTAIN CHARLES G GIFFORDTRUSTEE
Trustee or director
2$0
CAPTAIN JEFFREY J HAVLICEKTRUSTEE
Trustee or director
2$0
CAPTAIN A ROSS POPETRUSTEE EMERITUS
Trustee or director
2$0
CAPTAIN CARL A POTTEYTRUSTEE
Trustee or director
2$0
CAPTAIN DAVID L HAGNERTRUSTEE
Trustee or director
2$0
CAPTAIN JOHN N HEALEYTRUSTEE
Trustee or director
2$0
CAPTAIN RICHARD R CUNIOVICE PRESIDENT
Officer
2$0
CAPTAIN MARTIN E CONROY JRTREASURER
Officer
2$0
CAPTAIN JOHN F MULDERIGPRESIDENT
Officer
2$0
MARTHA R BAGLEY ESQASSISTANT SECRETARY/TREASU
Officer
2$0

Address and contacts

Address (IRS master file)
100 1ST AVE SUITE 102, CHARLESTOWN, MA 02129-2043
Principal officer (990 for 2024)
CAPTAIN JOHN F MULDERIG, 236 OCEAN AVENUE, MARBLEHEAD, MA 01945
Signed the 990
CAPTAIN JOHN F MULDERIG, PRESIDENT
Phone
(617) 242-0522
Return prepared by
PLANTE & MORAN PLLC

Mission

PROMOTE KNOWLEDGE OF THE COAST, RELIEVE MEMBERS AND FAMILIES OF POVERTY, AND FINANCIALLY ASSIST IN THE EDUCATION AND TRAINING OF MARITIME ACADEMY STUDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIPS AND MEMORIAL FUNDS GRANTED TO MARITIME ACADEMIES AND OTHERS ASSOCIATED WITH THE EDUCATION AND PRESERVATION OF THE COAST.
    Expenses $177,500 · grants $177,500
  • FINANCIAL AID AND ASSISTANCE TO MEMBERS & FAMILIES IN POVERTY.
    Expenses $20,000 · grants $20,000
  • OTHER EXPENSES TO MAINTAIN HISTORICAL ASSETS HELD BY THE SOCIETY THAT ARE USED TO EDUCATE THE PUBLIC ABOUT THE COAST.
    Expenses $78,211
  • CONFERENCES AND MEETINGS TO PROVIDE A FORUM FOR THE DISCUSSION OF THE COAST AND TO PROMOTE PUBLIC AWARENESS OF THE COAST.
    Expenses $231,764 · revenue $11,200

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2139204
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$27,336,320
Income (IRS master file)
$5,907,475

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,553,810$992,726$27,336,320XML
990December 2023$630,699$904,538$24,409,964XML
990December 2022$913,011$789,699$22,733,633IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 04-2139204).

Questions about BOSTON MARINE SOCIETY

What is the EIN of BOSTON MARINE SOCIETY?
The employer identification number (EIN) of BOSTON MARINE SOCIETY is 04-2139204.
Is BOSTON MARINE SOCIETY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1938.
Are donations to BOSTON MARINE SOCIETY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BOSTON MARINE SOCIETY 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 BOSTON MARINE SOCIETY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOSTON MARINE SOCIETY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOSTON MARINE SOCIETY?
The 990 for the year ended December 31, 2024 names CAPTAIN JOHN F MULDERIG.
Who are the officers and directors of BOSTON MARINE SOCIETY?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $146,544 (LISA V WALSH, EXECUTIVE DIRECTOR).
How much revenue does BOSTON MARINE SOCIETY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,553,810, expenses of $992,726 and total assets of $27,336,320 at year end.

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