Lake Champlain Maritime Museum At Basin Harbor Incorporated
Lake Champlain Maritime Museum At Basin Harbor Incorporated
EIN: 22-2570380
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Champlain Longboats
Champlain Longboats, through a partnership with local schools, runs a semester-long program where academically-challenged students build a pilot gig wooden boat. These boats that are built yearly then become part of a fleet of 6-8 passenger rowing boats used in partnership with 9 area schools for after school rowing teams. In addition Champlain Longboats hosts 4 races and attends races out of state.
The program also runs an adult community rowing program that roughly 160 adults participated in yearly.
Where we work
External reviews

Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
10.76
Months of cash in 2020 info
2.8
Fringe rate in 2020 info
15%
Funding sources info
Assets & liabilities info
Lake Champlain Maritime Museum At Basin Harbor Incorporated
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
Lake Champlain Maritime Museum At Basin Harbor Incorporated
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Lake Champlain Maritime Museum At Basin Harbor Incorporated
Financial trends analysis Glossary & formula definitionsFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of Lake Champlain Maritime Museum At Basin Harbor Incorporated’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2016 | 2017 | 2018 * | 2019 | 2020 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | -$261,949 | -$21,702 | $172,818 | -$17,910 | $210,258 |
As % of expenses | -19.5% | -1.7% | 11.9% | -1.3% | 16.6% |
Unrestricted surplus (deficit) after depreciation | -$393,835 | -$159,625 | $29,683 | -$155,706 | $76,428 |
As % of expenses | -26.7% | -11.2% | 1.9% | -10.1% | 5.5% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,318,255 | $1,894,152 | $1,381,505 | $1,439,510 | $1,444,086 |
Total revenue, % change over prior year | -3.9% | 43.7% | -27.1% | 4.2% | 0.3% |
Program services revenue | 29.7% | 17.0% | 29.6% | 32.0% | 17.7% |
Membership dues | 2.8% | 1.5% | 2.2% | 0.0% | 1.8% |
Investment income | 6.5% | 3.1% | 5.1% | 5.6% | 4.2% |
Government grants | 3.2% | 2.3% | 5.0% | 10.8% | 29.7% |
All other grants and contributions | 49.3% | 67.2% | 52.0% | 47.1% | 39.0% |
Other revenue | 8.6% | 9.1% | 6.1% | 4.5% | 7.6% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $1,340,670 | $1,283,026 | $1,455,120 | $1,396,395 | $1,263,895 |
Total expenses, % change over prior year | 15.6% | -4.3% | 13.4% | -4.0% | -9.5% |
Personnel | 61.6% | 62.0% | 64.0% | 67.5% | 69.6% |
Professional fees | 11.0% | 8.9% | 6.7% | 4.5% | 8.6% |
Occupancy | 3.9% | 3.0% | 2.2% | 4.5% | 2.2% |
Interest | 0.7% | 0.7% | 0.6% | 0.4% | 0.7% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 22.7% | 25.4% | 26.6% | 23.2% | 18.9% |
Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $1,472,556 | $1,420,949 | $1,598,255 | $1,534,191 | $1,397,725 |
One month of savings | $111,723 | $106,919 | $121,260 | $116,366 | $105,325 |
Debt principal payment | $0 | $69,974 | $5,804 | $0 | $0 |
Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $1,584,279 | $1,597,842 | $1,725,319 | $1,650,557 | $1,503,050 |
Capital structure indicators
Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Months of cash | 2.2 | 3.3 | 3.3 | 2.2 | 2.8 |
Months of cash and investments | 24.2 | 30.3 | 27.9 | 29.0 | 35.0 |
Months of estimated liquid unrestricted net assets | -1.5 | -2.7 | -2.1 | 1.1 | 2.5 |
Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Cash | $245,846 | $354,173 | $399,514 | $260,365 | $293,262 |
Investments | $2,453,348 | $2,885,343 | $2,980,215 | $3,110,495 | $3,396,280 |
Receivables | $158,294 | $141,057 | $155,984 | $173,416 | $238,417 |
Gross land, buildings, equipment (LBE) | $3,379,961 | $3,418,150 | $3,537,317 | $3,620,081 | $3,663,534 |
Accumulated depreciation (as a % of LBE) | 50.4% | 53.9% | 55.8% | 59.8% | 61.3% |
Liabilities (as a % of assets) | 7.2% | 4.8% | 8.9% | 6.5% | 6.5% |
Unrestricted net assets | $1,296,566 | $1,136,941 | $1,166,624 | $1,342,571 | $1,418,999 |
Temporarily restricted net assets | $215,804 | $375,965 | $258,599 | N/A | N/A |
Permanently restricted net assets | $2,751,118 | $3,260,398 | $3,268,708 | N/A | N/A |
Total restricted net assets | $2,966,922 | $3,636,363 | $3,527,307 | $3,406,427 | $3,646,459 |
Total net assets | $4,263,488 | $4,773,304 | $4,693,931 | $4,748,998 | $5,065,458 |
Key data checks
Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Ms. Susan Evans McClure
Susan Evans McClure joined Lake Champlain Maritime Museum in 2018. In her capacity as Executive Director, she leads the talented team of educators, curators, museum professionals, and archaeologists as they explore the relationship between the land, the people, and the water of the Champlain Valley.
Previously, Susan was Director of Programs and Audience Development at the Smithsonian’s National Museum of American History, where she led a team responsible for inspiring national conversations on the importance of the humanities to civic life. She also launched the National Museum of American History’s Food History Program and managed on-site educational opportunities for visitors. Susan has also worked in the education departments of the Flynn Center for the Performing Arts and Shelburne Museum.
Susan holds an Ed.M. in Arts in Education from the Harvard Graduate School of Education and a B.A. in Theater from McGill University.
Number of employees
Source: IRS Form 990
Lake Champlain Maritime Museum At Basin Harbor Incorporated
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Lake Champlain Maritime Museum At Basin Harbor Incorporated
Board of directorsas of 01/19/2023
Board of directors data
Mr. Scott Hardy
Venture 7
Term: 2022 - 2025
William Fox
Retired, President, St. Lawrence University
Dyer Jones
President, International Twelve Metre Association and Director, The Anchorage, Inc. - Dyer Boats
Frank Koster
Investment Advisor, One Day in July
Ed McGuire
Operator and Education Design, SchoolHack Solutions
Robert Beach
Owner, Basin Harbor
Harry Chaucer
Retired Professor, Castleton University
Tim Hodson
Underwriter, Co-operative Insurance Companies
Amy Johnston
Building Consultant and Author
Hannah Langsdale
Owner, Whistling Man Schooner Company
Wendy Lynch
Retired Teacher, Addison Central School District
Catherine Parker
Customer Success Associate, Catalant Technologies
Adam Powers
Attorney, Powers & Powers PC
Stacy Raphael
Educator, Addison County Northwest School District
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data