Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
51 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $147K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Lisa V Walsh | $146,544 | $138,165 | $118,657 | $115,221 | $107,673 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports maritime students and their families through education, training, and poverty relief.
Questions for Boston Marine Society
Your first name shows with your question. Boston Marine Society answers here, for everyone.
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Scholarships and memorial funds granted to maritime academies and others associated with the education and preservation of the coast.
Other expenses to maintain historical assets held by the society that are used to educate the public about the coast.
Financial aid and assistance to members & families in poverty.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $87K | $124K |
| InvestmentsLn 11–13 | $23.3M | $24.9M |
| Land, buildings, equipmentLn 10c | $8K | $6K |
| Total assetsLn 16 | $24.4M | $27.3M |
| LiabilitiesLn 26 | $218K | $1.5M |
| Net assetsLn 32 | $24.2M | $25.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $108K | $108K | ||
| Grants to domestic individualsLn 2 | $90K | $90K | ||
| Other salaries and wagesLn 7 | $139K | $69K | $69K | |
| Other employee benefitsLn 9 | $5K | $2K | $2K | |
| Payroll taxesLn 10 | $11K | $5K | $5K | |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $27K | $27K | ||
| Investment management feesLn 11f | $153K | $153K | ||
| Office expensesLn 13 | $12K | $6K | $6K | |
| OccupancyLn 16 | $138K | $69K | $69K | |
| TravelLn 17 | $15K | $15K | ||
| Conferences, conventions and meetingsLn 19 | $148K | $148K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $1K | $1K | |
| InsuranceLn 23 | $63K | $63K | ||
| Other expenses (24a–d)Ln 24 | $82K | $9K | $72K | |
| All other expensesLn 24e | $210 | $210 | ||
| Total functional expensesLn 25 | $993K | $507K | $485K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.6M | $993K | $561K | $25.8M | 990 PDF |
| FY2023 | $631K | $905K | −$274K | $24.2M | 990 PDF |
| FY2022 | $913K | $790K | $123K | $22.4M | 990 PDF |
| FY2021 | $1.9M | $732K | $1.2M | $26.1M | 990 PDF |
| FY2020 | $616K | $721K | −$104K | $24.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,553,810 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 3 to look at
Part VIII · Statement of revenue $1,553,810 across 7 lines filed
Part IX · Statement of functional expenses $992,726 across 16 lines filed
Part X · Balance sheet $27,336,320 assets, 15 lines filed
Part XI · Reconciliation of net assets $25,842,511 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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