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Nonprofiteer
← SEAPORT MUSEUM NEW YORK

Form 990 for tax year 2022

Filed by SEAPORT MUSEUM NEW YORK.

Totals

Total revenue
$12,195,681
Total expenses
$5,135,521
Contributions and grants received
$10,660,665
Grants paid
$0
Program service revenue
$267,561
Investment income
$7,669
Other revenue
$1,259,786
Total assets, end of year
$26,722,225
Total liabilities, end of year
$4,768,349
Net assets or fund balances, end of year
$21,953,876
Program services expenses (Part IX)
$3,527,239
Management and general expenses
$1,226,074
Fundraising expenses
$382,208
Program service expenses (Part III)
$3,527,239

Program services were 68.7% 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.

  • 1e · Government grants (contributions)

    $8,636,848

  • 1f · All other contributions, gifts and grants

    $2,023,817

  • 1g · Noncash contributions included above

    $203,593

  • 2a · Program service revenue: ADMISSIONS

    total $157,931 · related or exempt $157,931

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $69,708 · related or exempt $69,708

  • 2c · Program service revenue: EDUCATION

    total $39,922 · related or exempt $39,922

  • 3 · Investment income

    total $38,882 · excluded $38,882

  • 6a · Gross rents

    real property $1,125,477

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,125,477

  • 6d · Net rental income or loss

    total $1,125,477 · excluded $1,125,477

  • 7a · Gross sales of assets other than inventory

    securities $118,964

  • 7b · Less cost or other basis and sales expenses

    securities $150,177

  • 7c · Gain or loss

    securities -$31,213

  • 7d · Net gain or loss

    total -$31,213 · excluded -$31,213

  • 10a · Gross sales of inventory

    $120,553

  • 10b · Cost of goods sold

    $69,436

  • 10c · Net income from sales of inventory

    total $51,117 · related or exempt $51,117

  • 11a · Other revenue: OTHER

    total $83,192 · related or exempt $83,192

  • 11e · Other revenue, total

    $83,192

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $293,932 · program services $187,363 · management and general $59,889 · fundraising $46,680

  • 7 · Other salaries and wages

    total $2,020,919 · program services $1,466,455 · management and general $372,156 · fundraising $182,308

  • 8 · Pension plan contributions

    total $132,606 · program services $97,080 · management and general $24,230 · fundraising $11,296

  • 9 · Other employee benefits

    total $204,521 · program services $148,713 · management and general $37,595 · fundraising $18,213

  • 10 · Payroll taxes

    total $163,565 · program services $117,162 · management and general $30,460 · fundraising $15,943

  • 11c · Fees: accounting

    total $130,106 · management and general $130,106

  • 11g · Fees: other

    total $340,611 · program services $189,138 · management and general $144,390 · fundraising $7,083

  • 13 · Office expenses

    total $267,467 · program services $160,414 · management and general $88,339 · fundraising $18,714

  • 14 · Information technology

    total $59,983 · program services $20,936 · management and general $34,079 · fundraising $4,968

  • 16 · Occupancy

    total $58,244 · management and general $58,244

  • 17 · Travel

    total $33,917 · program services $11,838 · management and general $19,270 · fundraising $2,809

  • 19 · Conferences, conventions and meetings

    total $5,342 · program services $1,865 · management and general $3,035 · fundraising $442

  • 22 · Depreciation, depletion and amortization

    total $606,070 · program services $484,855 · management and general $72,729 · fundraising $48,486

  • 23 · Insurance

    total $422,756 · program services $310,038 · management and general $87,452 · fundraising $25,266

  • 24a · Other expenses: SUPPLIES AND MAINTAINEN

    total $286,635 · program services $267,172 · management and general $19,463

  • 24b · Other expenses: MISCELLANEOUS

    total $108,847 · program services $64,210 · management and general $44,637

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,609,430 · end of year $2,198,331

  • 3 · Pledges and grants receivable

    beginning of year $1,054,007 · end of year $296,342

  • 4 · Accounts receivable

    beginning of year $1,440 · end of year $7,469

  • 9 · Prepaid expenses and deferred charges

    beginning of year $213,832 · end of year $80,763

  • 10a · Land, buildings and equipment: cost or other basis

    $34,445,038

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,127,586

  • 10c · Land, buildings and equipment, net

    beginning of year $20,385,309 · end of year $22,317,452

  • 11 · Investments: publicly traded securities

    beginning of year $1,950,345 · end of year $1,704,967

  • 14 · Intangible assets

    beginning of year $116,901 · end of year $116,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,245,006 · end of year $1,981,468

  • 23 · Secured mortgages and notes payable

    beginning of year $7,539,150 · end of year $2,439,291

  • 25 · Other liabilities

    beginning of year $347,590 · end of year $347,590

  • 27 · Net assets without donor restrictions

    beginning of year $12,644,119 · end of year $20,126,617

  • 28 · Net assets with donor restrictions

    beginning of year $2,555,399 · end of year $1,827,259

Mission and programs · 2022

Mission

SOUTH STREET SEAPORT MUSEUM IS A CULTURAL INSTITUTION DEDICATED TO TELLING THE STORY OF THE RISE OF NEW YORK AS A PORT CITY AND ITS CRITICAL ROLE IN THE DEVELOPMENT OF THE UNITED STATES. THE MUSEUM USES ITS HISTORIC BUILDINGS AND SHIPS TO PROVIDE INTERACTIVE EXHIBITS, EDUCATION, AND EXPERIENCES.

Activities or mission (Part I)

THE MUSEUM'S PRIMARY PURPOSE IS TO PRESERV/INTERPRET THE HISTORY OF NEW YORK AS A WORLD PORT

  • SCHOOL AND PUBLIC EVENTSTHE SEAPORT MUSEUM WELCOMED OVER 46,001 UNIQUE VISITORS FOR FREE IN 2022. ALL PUBLIC PROGRAMS WERE FREE IN 2022. EXCITING NEW PROGRAMS LIKE VINYASA ON A VESSEL, SCREENING OF THE FILM "MAIDEN," PUPPY ADOPTION WITH ANIMAL LIGHTHOUSE RESCUE, PRIDE-THEMED "RAINBOWS ON THE HUDSON" BOAT PARADE, AND CHILEAN INDEPENDENCE DAY FIESTAS PATRIAS WERE MIXED WITH PANEL CONVERSATIONS LIKE "RUSSELL SHORTO AND FRIENDS," "HISTORY AND HEROISM," "READINESS AND RESILIENCE: 10 YEARS AFTER SANDY." SCHOOL-AGE FIELD TRIPS RESUMED IN THE SEAPORT MUSEUM'S HISTORIC GALLERIES, DOCKSIDE ON PIER 16 AND IN THE HISTORIC DISTRICT ON STEAM TOPICS, SERVING OVER 3,000 NYC STUDENTS IN GRADES K-12.

    Expenses $1,516,009 · Revenue $39,922

  • MARINE OPERATIONSTHROUGHOUT THE YEAR, VISITORS OF ALL AGES EXPLORED 1885 CARGO SHIP WAVERTREE AND 1908 LIGHTSHIP AMBROSE OUTDOORS FOR FREE. DURING THE PEAK SAILING MONTHS, BOTH 1885 SCHOONER PIONEER AND 1930 TUGBOAT W.O. DECKER TOOK TRIPS OUT ON NEW YORK HARBOR.

    Expenses $1,192,705 · Revenue $227,639

  • CURATORIALTHROUGHOUT THE YEAR, VISITORS ENJOYED THE FREE EXHIBITIONS "SOUTH STREET AND THE RISE OF NEW YORK AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914" IN SCHERMERHORN ROW. DESIGNED FOR THE YOUNGEST VISITORS, "SEAPORT DISCOVERY: EXPLORING OUR WATERS WITH ERIC CARLE" OPENED IN APRIL. BOWNE & CO., STATIONERS REOPENED ITS DOORS TO THE PUBLIC IN JUNE. FAN-FAVORITE PUBLIC PROGRAMS, LIKE THE MONTHLY SEA CHANTEY SINGS AND ANNUAL PARTNERSHIPS WITH JANE'S WALK, CITY OF WATER DAY, ARCHTOBER, OPEN HOUSE NEW YORK, AND URBAN ARCHIVE, ALL CONTINUED AS WELL.

    Expenses $818,525 · Revenue $134,309

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brendan Sexton

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Sheehan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christiana Huus

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bevin Savage-Yamazaki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Page

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Catherine McVay Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ernest Tollerson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cyrus Gentry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Boulware

    PRESIDENT & CEO

    Total calculated
    $293,932
    From this org
    $239,279
    From related orgs
    $0
    Other
    $54,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,279
    Bonus
    $0
    Other
    $0
    Deferred
    $26,560
    Nontaxable benefits
    $28,093
    Filer's total
    $293,932

  • Meg Fellerath

    CHIEF OPERATING OFFICER

    Total calculated
    $142,205
    From this org
    $127,340
    From related orgs
    $0
    Other
    $14,865
    Hours/week
    40

  • Anna Frenkel

    VICE PRESIDENT OF EXTERNAL

    Total calculated
    $131,367
    From this org
    $110,176
    From related orgs
    $0
    Other
    $21,191
    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

None.

Answered no

  • 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 · share of assets $116,901 · controlled entity

    Directly controlled by SEAPORT MUSEUM

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202333039349300148

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