Channel Islands Maritime Museum INC EIN 77-0251663 Form 990 (PDF) Claim this org

Channel Islands Maritime Museum INC

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Preserves and shares maritime heritage, ocean ecology connections, and sea-related creative expressions. For fiscal year 2024 it reported $198K in revenue, $363K in expenses, and $2.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Oxnard, CA
Website
www.cimmvc.org
Filings
5 on file (2020–2024)
Revenue
$198KFY2024
Expenses
$363K
Net assets
$2.1M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  77-0251663 Public charity (501(c)(3)) Oxnard, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves and shares maritime heritage, ocean ecology connections, and sea-related creative expressions.
Leadership
Doug Riffenburgh · Executive Dir. · $75K
Money in and out
$198K revenue, $363K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$363K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$165K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30 Fundraising $0.00
Program efficiency
70%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-83%
revenue over expenses, this year▼ -449% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$198K
FY2024▼ -38%
Expenses
$363K
FY2024▼ -1%
Total assets
$2.1M
FY2024▼ -7%
Total liabilities
$7K
FY2024▼ -26%
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$363K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$165K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChannel Islands Maritime Museum INC
EINHdr · item D77-0251663
Principal addressHdr · item COxnard, CA
WebsiteHdr · item Jwww.cimmvc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFAug 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$75,002Pt VII · Sec A
Honorary Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Doug Riffenburgh’s $75K as Executive Dir. is at the 71st percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Doug Riffenburgh$75,002$18,750
Adri Howe$45,471$58,250$55,116$47,313
Cris Fulwider$6,119

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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Mission & Programs · Part III

Where the work happens

1 program service account for $255K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, the Channel Islands Maritime Museum (CIMM) continued to strengthen its role as a vital cultural and educational institution on Californias Central Coast. The Museum presented an engaging schedule of rotating art exhibitions, community events, and hands-on educational programs that celebrated maritime heritage, art, and science.

$255Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$128K · 65%
Program service revenue$50K · 25%
Other revenue$13K · 7%
Investment income$7K · 4%
Contributions & grants65%$128K
Program service revenue25%$50K
Other revenue7%$13K
Investment income4%$7K
— government grantsLn 1e$47K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30 Fundraising $0.00
Program services70%$255K
Management & general30%$107K
Fundraising$500
Total functional expensesLn 25$363K

Balance Sheet

Part X · end of year
CashLn 1$258K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$7K
Total net assetsLn 32$2.1M
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $258K · Operating expenses (Pt IX) $363K · Less non-cash grants $9K · Cash operating expenses/yr $354K
8.8 months
Where the money goes
Program services
Program services $255K · Total expenses $363K
70%
Management & General
Management & general $107K · Total expenses $363K
30%
Fundraising
Fundraising $500 · Total expenses $363K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $222K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $128K · Total revenue $198K
65%
Government reliance
Government grants $47K · Total revenue $198K
24%
Earned-income share
Program service revenue $50K · Total revenue $198K
25%
Investment reliance
Investment income $7K · Total revenue $198K
+4%
Program self-sufficiency
Program service revenue $50K · Total expenses $363K
14%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year $319K
-38%
Revenue CAGR
FY2020 $227K · FY2024 $198K
-3%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $363K
-83%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Doug Riffenburgh · Reported title Executive Dir. · Highest reported compensation $75K · Total expenses $363K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $363K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0.4%
Revenue growth -38%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$18K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$198K revenue · viewing · ⤓ 990 PDF
FY2023$319K revenue · ⤓ 990 PDF
FY2022$505K revenue · ⤓ 990 PDF
FY2021$338K revenue · ⤓ 990 PDF
FY2020$227K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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