New Hampshire Boat Museum

Nonprofit profile at a glance

EIN
020464218
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
Moultonborough, NH, USA
Phone
6035694554
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Reported finances

Revenue
$1,060,332
Expenses
$797,644
Assets
$5,676,336
Liabilities
$155,690

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • DEVON KURTZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DEVON KURTZ (EXECUTIVE DIRECTOR): $81,831 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire an enduring connection, stewardship, and appreciation of New Hampshire's freshwater boating heritage through compelling exhibits, experiences, and educational programs.

What it reported doing in 2025

Museum: the New Hampshire boat museum was founded in 1992 by a group of antique and classic boating enthusiasts who wanted to share their love of New Hampshire's freshwater boating heritage. The New Hampshire boat museum has housed its collection for the past 20+ years in wolfeboro, nh in a 5,000 square foot round roof building built in 1954, open on a seasonal basis. In 2022, following a multi-year capital campaign, the New Hampshire boat museum purchased a 24,000 square foot building in moultonborough, nh to expand operations. The New Hampshire boat museum's headquarters was relocated there in 2024 following renovations. The new facility is focused on the nh boat museum as a year-round premier destination, reinforcing New Hampshire's tourism brand. This phase catalyzes the vitality and economic development of the local community, region, and state. Community educational and meeting space, flexible exhibition spaces, offices, and conference areas are available for visitors and organizations to the museum. The renovated spaces host numerous venues, workshops, gatherings, and partnerships, all stimulating local commerce while promoting local heritage and cultural pride, while serving as a key driver for local economic growth. The wolfeboro campus will continue to host many seasonal programs during spring and summer.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.1%; rating input score 51
  • Program expense ratio: 67.2%; rating input score 67
  • Fundraising efficiency: $11.83 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.8%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 7.12; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 10.3%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 13.8% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 12.6% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 51.1% of revenue deployed · 67.2% of spending went to programs
  • Governance: 16 of 16 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $536K in reported program spending
  • Leadership: top reported pay $82K · 17 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.