Nonprofit · EIN 54-1376477
THE WATERMENS MUSEUM
Tax-exempt · YORKTOWN, VA 23690
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $168,093 | $211,291 | -$43,198 | $790,133 | $115,297 | $674,836 |
| December 31, 2023 | 990 | $139,746 | $194,743 | -$54,997 | $826,452 | $108,418 | $718,034 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $120,726
- of which government grants
- $64,458
- Membership dues
- $7,245
- Program service revenue
- $37,605
- Investment income
- $42
- Net rental income
- $20,240
- Net income from fundraising events
- -$103
- Net income from sales of inventory
- -$10,417
- Other revenue
- $9,720
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $71,416
- Salaries, compensation and benefits (total)
- $79,033
- Professional fundraising fees
- $0
- Accounting fees
- $1,190
- Occupancy
- $44,479
- Depreciation
- $30,904
- Program services (functional)
- $199,286
- Management and general (functional)
- $11,079
- Fundraising (functional)
- $926
Balance sheet and other
- Total assets, start of year
- $826,452
- Total assets, end of year
- $790,133
- Total liabilities, end of year
- $115,297
- Net assets, end of year
- $674,836
- Land, buildings and equipment
- $675,562
- Net assets without donor restrictions
- $674,836
- Gross receipts
- $223,204
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- VA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL TRYER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PENELOPE PAYNE | TREASURER Trustee or director, Officer | 1 | $0 |
| CYNTHIA SPEEGLE | SECRETARY Trustee or director, Officer | 1 | $0 |
| KENNETH BARNHART | DIRECTOR Trustee or director | 1 | $0 |
| GRAY BOWDITCH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JUDITH MCDOWELL | DIRECTOR Trustee or director | 1 | $0 |
| JILL PRYOR | DIRECTOR Trustee or director | 1 | $0 |
| HAMILTON WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| PETE BUSE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID C WESCOTT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN ORMSBY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROL TRYER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| PENELOPE PAYNE | TREASURER Trustee or director, Officer | 1 | $0 |
| CYNTHIA SPEEGLE | SECRETARY Trustee or director, Officer | 1 | $0 |
| KENNETH BARNHART | DIRECTOR Trustee or director | 1 | $0 |
| GRAY BOWDITCH | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH MCDOWELL | DIRECTOR Trustee or director | 1 | $0 |
| JILL PRYOR | DIRECTOR Trustee or director | 1 | $0 |
| HAMILTON WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| PETE BUSE | DIRECTOR Trustee or director | 1 | $0 |
| RYAN JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 309 WATER ST, YORKTOWN, VA 23690-0000
- Principal officer (990 for 2024)
- PENELOPE PAYNE, 309 WATER ST, YORKTOWN, VA 23690
- Signed the 990
- PENELOPE PAYNE, TREASURER
- Phone
- (757) 887-2641
- Website
- WWW.WATERMENS.ORG
- Return prepared by
- BETH MOORE & ASSOCIATES CPAS
Mission
TO PRESERVE AND PROMOTE THE ROLE THAT THE CHESAPEAKE BAY WATERMEN PLAYED IN THE SHAPING OF OUR NATION THROUGH A HISTORICAL DISPLAY OF CRAFTS AND METHODS OF THEIR TRADE.
Program accomplishments
- PROVIDE EXHIBITS AND WATERMEN PRESENTATIONS TO SCHOOL GROUPS AND INDIVIDUALS. ALSO PROVIDED ELDER HOSTEL AND RIVER TOURS.Expenses $199,286 · revenue $47,428
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 | Not 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
- 54-1376477
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $790,133
- Income (IRS master file)
- $223,204
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $168,093 | $211,291 | $790,133 | IRS |
| 990 | December 2023 | $139,746 | $194,743 | $826,452 | XML |
| 990 | December 2022 | $127,978 | $206,433 | $902,729 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-1376477).
Questions about THE WATERMENS MUSEUM
- What is the EIN of THE WATERMENS MUSEUM?
- The employer identification number (EIN) of THE WATERMENS MUSEUM is 54-1376477.
- Is THE WATERMENS MUSEUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to THE WATERMENS MUSEUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE WATERMENS MUSEUM 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 THE WATERMENS MUSEUM 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 THE WATERMENS MUSEUM 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 THE WATERMENS MUSEUM?
- The 990 for the year ended December 31, 2024 names PENELOPE PAYNE.
- Who are the officers and directors of THE WATERMENS MUSEUM?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does THE WATERMENS MUSEUM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $168,093, expenses of $211,291 and total assets of $790,133 at year end.
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- YORK COUNTY HISTORICAL MUSEUM CORP EIN 82-0567839 · last filed 990-N for 2024
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- AFRICAN AMERICAN HERITAGE SOCIETY OF NEW KENT COUNTY VA EIN 82-2866265 · last filed 990-N for 2025
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All nonprofits in YORKTOWN · Virginia · Arts, culture and humanities