Totals
- Total revenue
- $7,961,118
- Total expenses
- $5,824,477
- Contributions and grants received
- $6,259,614
- Grants paid
- $0
- Program service revenue
- $316,141
- Investment income
- -$3,529
- Other revenue
- $1,388,892
- Total assets, end of year
- $28,606,610
- Total liabilities, end of year
- $3,209,784
- Net assets or fund balances, end of year
- $25,396,826
- Program services expenses (Part IX)
- $4,005,911
- Management and general expenses
- $1,327,650
- Fundraising expenses
- $490,916
- Program service expenses (Part III)
- $4,005,911
Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$30,995
-
1e · Government grants (contributions)
$2,751,733
-
1f · All other contributions, gifts and grants
$3,476,886
-
2a · Program service revenue: ADMISSIONS
total $243,827 · related or exempt $243,827
-
2b · Program service revenue: EDUCATION
total $72,314 · related or exempt $72,314
-
3 · Investment income
total $71,237 · excluded $71,237
-
6a · Gross rents
real property $1,319,763
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,319,763
-
6d · Net rental income or loss
total $1,319,763 · excluded $1,319,763
-
7a · Gross sales of assets other than inventory
securities $678,184
-
7b · Less cost or other basis and sales expenses
securities $752,950
-
7c · Gain or loss
securities -$74,766
-
7d · Net gain or loss
total -$74,766 · excluded -$74,766
-
10a · Gross sales of inventory
$150,449
-
10b · Cost of goods sold
$98,949
-
10c · Net income from sales of inventory
total $51,500 · related or exempt $51,500
-
11a · Other revenue: OTHER
total $17,629 · excluded $17,629
-
11e · Other revenue, total
$17,629
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $263,108 · program services $191,759 · management and general $44,256 · fundraising $27,093
-
7 · Other salaries and wages
total $2,479,001 · program services $1,806,749 · management and general $416,981 · fundraising $255,271
-
8 · Pension plan contributions
total $174,918 · program services $127,484 · management and general $29,422 · fundraising $18,012
-
9 · Other employee benefits
total $371,796 · program services $270,973 · management and general $62,539 · fundraising $38,284
-
10 · Payroll taxes
total $204,661 · program services $149,161 · management and general $34,425 · fundraising $21,075
-
11c · Fees: accounting
total $114,496 · program services $13,678 · management and general $100,818
-
11g · Fees: other
total $244,005 · program services $29,150 · management and general $214,855
-
12 · Advertising and promotion
total $4,199 · program services $2,089 · management and general $1,715 · fundraising $395
-
13 · Office expenses
total $317,084 · program services $157,725 · management and general $129,518 · fundraising $29,841
-
14 · Information technology
total $66,744 · program services $33,200 · management and general $27,263 · fundraising $6,281
-
16 · Occupancy
total $31,059 · management and general $31,059
-
17 · Travel
total $17,740 · program services $8,824 · management and general $7,246 · fundraising $1,670
-
19 · Conferences, conventions and meetings
total $10,235 · program services $5,091 · management and general $4,181 · fundraising $963
-
22 · Depreciation, depletion and amortization
total $931,110 · program services $744,888 · management and general $111,733 · fundraising $74,489
-
23 · Insurance
total $385,399 · program services $271,774 · management and general $96,253 · fundraising $17,372
-
24a · Other expenses: SUPPLIES AND MAINTENANC
total $152,331 · program services $136,775 · management and general $15,386 · fundraising $170
-
24b · Other expenses: MISCELLANEOUS
total $56,591 · program services $56,591
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $888,856 · end of year $1,232,787
-
3 · Pledges and grants receivable
beginning of year $548,547 · end of year $1,081,710
-
4 · Accounts receivable
beginning of year $112,012 · end of year $46,797
-
9 · Prepaid expenses and deferred charges
beginning of year $133,058 · end of year $132,461
-
10a · Land, buildings and equipment: cost or other basis
$37,993,348
-
10b · Land, buildings and equipment: accumulated depreciation
$13,676,648
-
10c · Land, buildings and equipment, net
beginning of year $23,248,136 · end of year $24,316,700
-
11 · Investments: publicly traded securities
beginning of year $1,847,038 · end of year $1,796,155
-
14 · Intangible assets
beginning of year $116,901
-
17 · Accounts payable and accrued expenses
beginning of year $1,390,567 · end of year $1,345,462
-
19 · Deferred revenue
end of year $55,789
-
23 · Secured mortgages and notes payable
beginning of year $1,943,735 · end of year $1,533,283
-
25 · Other liabilities
beginning of year $349,643 · end of year $275,250
-
27 · Net assets without donor restrictions
beginning of year $21,425,842 · end of year $23,289,464
-
28 · Net assets with donor restrictions
beginning of year $1,784,761 · end of year $2,107,362
Mission and programs · 2024
Mission
SEE SCHEDULE O.
-
SCHOOL AND PUBLIC EVENTSTHE SEAPORT MUSEUM WELCOMED OVER 84,936 VISITORS IN 2024. OVER 200 FREE PUBLIC PROGRAMS ENGAGED 27,408 INDIVIDUALS IN CONVERSATIONS, WORKSHOPS, AND CULTURAL EXPERIENCES. HIGHLIGHTS IN 2024 INCLUDED A COLLABORATION WITH NY CHINESE CULTURAL CENTER ON A LUNAR NEW YEAR CELEBRATION; A SERIES OF SITE-SPECIFIC PERFORMANCES THROUGHOUT THE SSSM CAMPUS AS A PART OF THE RIVER TO RIVER FESTIVAL; AN INSTALLATION OF CLIMATE THEMED PUBLIC ART, AS A PART OF CITY OF WATER DAY; A MONTHLY SEA SHANTY MORE HANDS-ON FAMILY ACTIVITIES, SPECIAL CULTURAL EVENTS, AND MORE. SCHOOL-AGE FIELD TRIPS CONTINUED THROUGHOUT 2024, WELCOMING 5,810 K-12 STUDENTS AND THEIR EDUCATORS TO FIELD TRIPS DOCKSIDE ON PIER 16 AND IN THE HISTORIC DISTRICT.
Expenses $2,299,186 · Revenue $89,943
-
MARINE OPERATIONSFOUR HISTORIC VESSELS WERE VISITED BY 35,209 INDIVIDUALS, WHO EXPLORED PERMANENTLY MOORED VESSELS 1885 CARGO SHIP WAVERTREE AND 1908 LIGHTSHIP AMBROSE AND SAILED IN NYC'S EAST RIVER ABOARD 1885 SCHOONER PIONEER AND 1930 TUGBOAT W.O. DECKER.
Expenses $904,496 · Revenue $158,244
-
MUSEUM SHOPAT THE 19TH CENTURY RECREATED PRINT SHOP BOWNE & CO. STATIONERS, MASTER PRINTERS OFFERED PRINTING DEMONSTRATIONS AND WORKSHOPS FOR 20,683 VISITORS.
Expenses $357,525 · Revenue $150,449
-
CURATORIAL19,753 VISITORS WERE WELCOMED AT INDOOR EXHIBITIONS AT SCHERMERHORN ROW, WHICH IN 2024 INCLUDED "SOUTH STREET AND THE RISE OF NEW YORK; AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914." AT THE 19TH CENTURY RECREATED PRINT SHOP BOWNE & CO. STATIONERS, MASTER PRINTERS OFFERED PRINTING DEMONSTRATIONS AND WORKSHOPS FOR 20,683 VISITORS.EXHIBITIONS:19,753 VISITORS WERE WELCOMED AT INDOOR EXHIBITIONS AT SCHERMERHORN ROW, WHICH IN 2024 INCLUDED "SOUTH STREET AND THE RISE OF NEW YORK; AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914."
Expenses $444,704
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christiana HuusCHRISTIANA HUUS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David SheehanDAVID SHEEHAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bevin Savage-YamazakiBEVIN SAVAGE-YAMAZAKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Craig PageCRAIG PAGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Catherine McVay HughesCATHERINE MCVAY HUGHES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ernest TollersonERNEST TOLLERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cyrus GentryCYRUS GENTRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BjjonesBJJONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan BoulwareJONATHAN BOULWARE
PRESIDENT & CEO
- Total calculated
- $263,109
- From this org
- $219,628
- From related orgs
- $0
- Other
- $43,481
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,628
- Bonus
- $0
- Other
- $0
- Deferred
- $28,636
- Nontaxable benefits
- $14,845
- Filer's total
- $263,109
-
Meg FellerathMEG FELLERATH
CHIEF OPERATING OFFICER
- Total calculated
- $162,034
- From this org
- $129,459
- From related orgs
- $0
- Other
- $32,575
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,459
- Bonus
- $0
- Other
- $0
- Deferred
- $30,500
- Nontaxable benefits
- $2,075
- Filer's total
- $162,034
-
Anna FrenkelANNA FRENKEL
VICE PRESIDENT OF EXTERNAL
- Total calculated
- $120,144
- From this org
- $107,901
- From related orgs
- $0
- Other
- $12,243
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
AMBROSE MANAGEMENT COMPANY INC
C · REAL ESTATE · NY · 100% owned · controlled entity
Directly controlled by SEAPORT MUSEUM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349317687
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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