TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202213189349310451 - Submission: 2022-11-14 TIN: 01-0271477

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Maine Maritime Museum

Employer identification number

01-0271477

Return Reference	Explanation
Form 990, Part VI, Section A, line 2	Two Trustees have a business relationship.
Form 990, Part VI, Section B, line 11b	A copy of the Form 990 is made available for the Board of Trustees to review and the appropriate persons sign and submit the return.
Form 990, Part VI, Section B, line 12c	At the June meeting of incoming and departing trustees, the chair of the board states the policy and the executive director confirms. Additionally, at the start of each board member meeting there is an opportunity for any Individual to come forward to publicly or privately announce a potential conflict of interest.
Form 990, Part VI, Section B, line 15	In 2006, extensive effort was put In place by the board to determine adequate compensation at the time of the Executive Director's hiring. There is an annual review of the executive director's compensation by the Personnel Committee. The Museum also partakes in several comparability surveys to gather Information for the board to evaluate the executive director's salary. Each year salary may be adjusted for increases in cost of living at the same rate as regular staff. The board of directors determines the amount of the cost of living increase. That increase is then voted on and approved by the board for all staff, including the Executive Director. Adjustments may also be made to staff and the Executive Director's compensation based on an annual performance evaluation. The Executive Director's evaluation is performed by Board Committees.
Form 990, Part VI, Section C, line 19	The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
Form 990, Part IX, line 11g	Contracted services: Program service expenses 216,506. Management and general expenses 37,291. Fundraising expenses 0. Total expenses 253,797. Professional fees: Program service expenses 0. Management and general expenses 58,325. Fundraising expenses 3,518. Total expenses 61,843.
Form 990, Part XI, line 9:	Change in value of beneficial interest in trusts 45,903.

Return Reference

Explanation

Form 990, Part VI, Section A, line 2

Two Trustees have a business relationship.

Form 990, Part VI, Section B, line 11b

A copy of the Form 990 is made available for the Board of Trustees to review and the appropriate persons sign and submit the return.

Form 990, Part VI, Section B, line 12c

At the June meeting of incoming and departing trustees, the chair of the board states the policy and the executive director confirms. Additionally, at the start of each board member meeting there is an opportunity for any Individual to come forward to publicly or privately announce a potential conflict of interest.

Form 990, Part VI, Section B, line 15

In 2006, extensive effort was put In place by the board to determine adequate compensation at the time of the Executive Director's hiring. There is an annual review of the executive director's compensation by the Personnel Committee. The Museum also partakes in several comparability surveys to gather Information for the board to evaluate the executive director's salary. Each year salary may be adjusted for increases in cost of living at the same rate as regular staff. The board of directors determines the amount of the cost of living increase. That increase is then voted on and approved by the board for all staff, including the Executive Director. Adjustments may also be made to staff and the Executive Director's compensation based on an annual performance evaluation. The Executive Director's evaluation is performed by Board Committees.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Form 990, Part IX, line 11g

Contracted services: Program service expenses 216,506. Management and general expenses 37,291. Fundraising expenses 0. Total expenses 253,797. Professional fees: Program service expenses 0. Management and general expenses 58,325. Fundraising expenses 3,518. Total expenses 61,843.

Form 990, Part XI, line 9:

Change in value of beneficial interest in trusts 45,903.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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