Totals
- Total revenue
- $25,343,759
- Total expenses
- $24,697,243
- Contributions and grants received
- $13,847,980
- Grants paid
- $372,899
- Program service revenue
- $7,164,199
- Investment income
- $4,369,092
- Other revenue
- -$37,512
- Total assets, end of year
- $114,429,420
- Total liabilities, end of year
- $11,117,354
- Net assets or fund balances, end of year
- $103,312,066
- Program services expenses (Part IX)
- $14,089,215
- Management and general expenses
- $8,515,931
- Fundraising expenses
- $2,092,097
- Program service expenses (Part III)
- $14,089,215
Program services were 57.0% 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
$1,678,817
-
1c · Fundraising events
$277,852
-
1e · Government grants (contributions)
$348,605
-
1f · All other contributions, gifts and grants
$11,542,706
-
1g · Noncash contributions included above
$959,207
-
2a · Program service revenue: GATE ADMISSIONS
total $3,517,341 · related or exempt $3,517,341
-
2b · Program service revenue: PROGRAM FEES
total $3,441,522 · related or exempt $3,441,522
-
2c · Program service revenue: MARITIME REPAIR
total $154,688 · related or exempt $154,688
-
2d · Program service revenue: SALES OF PUBLISHED MATERIALS
total $50,648 · related or exempt $50,648
-
3 · Investment income
total $1,389,564 · unrelated business $28,597 · excluded $1,360,967
-
5 · Royalties
total $20,986 · excluded $20,986
-
6a · Gross rents
real property $654,509
-
6b · Less rental expenses
real property $656,888
-
6c · Rental income or loss
real property -$2,379
-
6d · Net rental income or loss
total -$2,379 · excluded -$2,379
-
7a · Gross sales of assets other than inventory
securities $31,603,000
-
7b · Less cost or other basis and sales expenses
securities $28,130,165 · other assets $493,307
-
7c · Gain or loss
securities $3,472,835 · other assets -$493,307
-
7d · Net gain or loss
total $2,979,528 · unrelated business $4,274 · excluded $2,975,254
-
8a · Fundraising events: gross income
$78,416
-
8a · Fundraising events: contributions included on line 1c
$277,852
-
8b · Fundraising events: direct expenses
$253,229
-
8c · Net income from fundraising events
total -$174,813 · excluded -$174,813
-
10a · Gross sales of inventory
$55,602
-
10b · Cost of goods sold
$153,039
-
10c · Net income from sales of inventory
total -$97,437 · related or exempt -$97,437
-
11a · Other revenue: FUEL SALES
total $177,244 · unrelated business $177,244
-
11d · All other revenue
total $38,887 · related or exempt $38,887
-
11e · Other revenue, total
$216,131
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,300 · program services $6,300
-
2 · Grants to domestic individuals
total $366,599 · program services $366,599
-
5 · Compensation of officers, directors and key employees
total $617,125 · program services $404,391 · management and general $156,555 · fundraising $56,179
-
7 · Other salaries and wages
total $10,500,905 · program services $6,881,057 · management and general $2,663,917 · fundraising $955,931
-
8 · Pension plan contributions
total $247,508 · program services $162,187 · management and general $62,790 · fundraising $22,531
-
9 · Other employee benefits
total $1,812,005 · program services $1,187,368 · management and general $459,687 · fundraising $164,950
-
11b · Fees: legal
total $124,641 · management and general $124,641
-
11c · Fees: accounting
total $71,400 · management and general $71,400
-
11d · Fees: lobbying
total $303,457 · program services $3,016 · management and general $300,441
-
11f · Fees: investment management
total $308,434 · management and general $308,434
-
11g · Fees: other
total $19,165 · program services $13,814 · fundraising $5,351
-
12 · Advertising and promotion
total $239,585 · program services $6,687 · management and general $232,898
-
13 · Office expenses
total $3,371,158 · program services $1,483,924 · management and general $1,687,513 · fundraising $199,721
-
16 · Occupancy
total $1,054,312 · program services $98,261 · management and general $948,049 · fundraising $8,002
-
17 · Travel
total $373,587 · program services $178,726 · management and general $72,927 · fundraising $121,934
-
20 · Interest
total $98,171 · management and general $98,171
-
22 · Depreciation, depletion and amortization
total $1,950,080 · program services $1,845,458 · management and general $100,476 · fundraising $4,146
-
23 · Insurance
total $984,608 · management and general $984,608
-
24a · Other expenses: SUPPLIES
total $918,439 · program services $781,226 · management and general $106,165 · fundraising $31,048
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $386,707 · program services $36,375 · management and general $43,525 · fundraising $306,807
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $206,951 · program services $204,052 · management and general $0 · fundraising $2,899
-
24d · Other expenses: EQUIPMENT PURCHASE
total $193,584 · program services $99,228 · management and general $93,734 · fundraising $622
-
24e · All other expenses
total $542,522 · program services $330,546 · fundraising $211,976
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,969 · end of year $4,821,814
-
3 · Pledges and grants receivable
beginning of year $4,554,427 · end of year $6,522,647
-
4 · Accounts receivable
beginning of year $944,325 · end of year $1,161,700
-
8 · Inventories for sale or use
beginning of year $259,709 · end of year $295,494
-
9 · Prepaid expenses and deferred charges
beginning of year $552,414 · end of year $588,046
-
10a · Land, buildings and equipment: cost or other basis
$80,610,503
-
10b · Land, buildings and equipment: accumulated depreciation
$53,599,685
-
10c · Land, buildings and equipment, net
beginning of year $25,644,111 · end of year $27,010,818
-
11 · Investments: publicly traded securities
beginning of year $71,802,648 · end of year $68,680,669
-
14 · Intangible assets
beginning of year $112,761 · end of year $72,302
-
15 · Other assets
beginning of year $5,105,390 · end of year $5,275,930
-
17 · Accounts payable and accrued expenses
beginning of year $1,729,866 · end of year $3,473,739
-
19 · Deferred revenue
beginning of year $3,994,613 · end of year $3,181,074
-
23 · Secured mortgages and notes payable
beginning of year $4,155,369 · end of year $4,073,185
-
25 · Other liabilities
beginning of year $393,137 · end of year $389,356
-
27 · Net assets without donor restrictions
beginning of year $24,188,769 · end of year $21,833,066
-
28 · Net assets with donor restrictions
beginning of year $74,858,000 · end of year $81,479,000
Mission and programs · 2024
Mission
MYSTIC SEAPORT MUSEUM STRIVES TO INSPIRE AN ENDURING CONNECTION TO THE AMERICAN MARITIME EXPERIENCE.
-
VISITOR EXPERIENCE - MYSTIC SEAPORT MUSEUM WELCOMES 250,000 VISITORS ANNUALLY. DEPARTMENTS INCLUDING VISITOR SERVICES, EXHIBITIONS, INTERPRETATION, AND PUBLIC PROGRAMS WELCOME VISITORS; RESEARCH, DESIGN, PRODUCE, AND CARE FOR EXHIBITS; OFFER EDUCATIONAL AND ILLUSTRATIVE EXPERIENCES ABOUT AMERICA AND THE SEA; AND OFFER A VARIETY OF SEASONAL AND THEMED PROGRAMS, ACTIVITIES, AND SPECIAL EVENTS.
Expenses $4,993,775 · Revenue $7,055,001
-
EDUCATIONAL PROGRAMS - MYSTIC SEAPORT MUSEUM SERVES 25,000 STUDENTS AND TEACHERS ANNUALLY WITH A VARIETY OF EDUCATIONAL OPPORTUNITIES, INCLUDING SUMMER CAMPS; SAILING PROGRAMS; SCHOOL FIELD TRIPS; AND AFTERSCHOOL, IN-SCHOOL, HOMESCHOOL, VIRTUAL, AND OVERNIGHT PROGRAMS.
Expenses $2,495,815 · Grants $372,899 · Revenue $50,648
-
COLLECTIONS & RESEARCH - MYSTIC SEAPORT MUSEUM'S COLLECTION CONTAINS MORE THAN 2 MILLION ITEMS SPANNING THE EIGHTEENTH THROUGH TWENTY-FIRST CENTURIES, INCLUDING WATERCRAFT, HISTORIC BUILDINGS, PHOTOGRAPHS AND FILM, ART, TOOLS, AND ARTIFACTS. THE WATERCRAFT COLLECTION IS THE LARGEST IN THE WORLD WITH MORE THAN 560 VESSELS, INCLUDING FOUR NATIONAL HISTORIC LANDMARKS. THE HENRY B. DUPONT PRESERVATION SHIPYARD CARES FOR THESE VESSELS, WHILE THE CURATORIAL DEPARTMENT ACQUIRES, RESEARCHES, DOCUMENTS, RESTORES, AND CONSERVES ITEMS FOR THE COLLECTION. THE MUSEUM'S COLLECTION ARE HOUSED IN A STATE OF THE ART FACILITY, THE COLLECTIONS RESEARCH CENTER, WHICH SERVES STUDENTS, MEMBERS, STAFF, AND OUTSIDE SCHOLARS.THE MUSEUM'S COLLECTION INCLUDES 560 WATERCRAFT (INCLUDING 5 MAJOR VESSELS), 24 HISTORIC HOUSES AND BUILDINGS, 2000 SHIP MODELS, 1100 SCRIMSHAW PIECES, 5000 VIDEO TAPES, 1,500,000 FEET OF HISTORIC FILM AND A COLLECTION OF MORE THAN 1,000,000 PHOTOGRAPHS, AS WELL AS SIGNIFICANT COLLECTIONS OF PRINTS, NAVIGATIONAL INSTRUMENTS, TOOLS, MARINE PAINTINGS AND OTHER MARITIME MEMORABILIA. IN ADDITION, THE COLLECTION CONTAINS LARGE QUANTITIES OF NONNAUTICAL FURNISHINGS FOR THE HISTORIC BUILDINGS, AS WELL AS SHIP AND BOAT PARTS, ENGINES, AND SIMILAR OBJECTS. THE MUSEUM'S LIBRARY COLLECTION CONTAINS APPROXIMATELY 75,000 BOOKS AND PERIODICALS, 1,000,000 MANUSCRIPTS, 10,000 MAPS, WELL OVER 100,000 SHIP PLANS, 2,000 ROLLS OF MICROFILM, AND 600 ORAL HISTORY TAPES.
Expenses $6,599,625
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter ArmstrongPETER ARMSTRONG
PRESIDENT/CEO & TRUSTEE
- Total calculated
- $368,053
- From this org
- $332,672
- From related orgs
- $0
- Other
- $35,381
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $307,672
- Bonus
- $25,000
- Other
- $0
- Deferred
- $9,651
- Nontaxable benefits
- $25,730
- Filer's total
- $368,053
-
Gregory W BauerGREGORY W BAUER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jay S BenetJAY S BENET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alexander D BulazelALEXANDER D BULAZEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Grant L CambridgeGRANT L CAMBRIDGE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Richard W ClaryRICHARD W CLARY
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Sharon E CohenSHARON E COHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Barclay Collins IIJ BARCLAY COLLINS II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hugh DavisHUGH DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maarten C De JongMAARTEN C DE JONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph M DwyerJOSEPH M DWYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Skip FinleySKIP FINLEY
OUTGOING TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William D ForsterWILLIAM D FORSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Casey FryeCASEY FRYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter GleysteenPETER GLEYSTEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael S HudnerMICHAEL S HUDNER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Chester W Kitchings JrCHESTER W KITCHINGS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Robert Mann JrJ ROBERT MANN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert C MartinROBERT C MARTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sheila McCurdySHEILA MCCURDY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert L W McGrawROBERT L W MCGRAW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn MichasCAROLYN MICHAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert C MusettiROBERT C MUSETTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laurie J OlsonLAURIE J OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tblake PowellTBLAKE POWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert B RodgersROBERT B RODGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth S SiegelKENNETH S SIEGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard SiewertRICHARD SIEWERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raymond B Strong IIIRAYMOND B STRONG III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alexandra T ThorneALEXANDRA T THORNE
OUTGOING TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard R VietorRICHARD R VIETOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert A VincentROBERT A VINCENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan J WayneSUSAN J WAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stanley T WellsSTANLEY T WELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael M WisemanMICHAEL M WISEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara VietorBARBARA VIETOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maggie DolanMAGGIE DOLAN
OUTGOING CFO 8/24
- Total calculated
- $162,845
- From this org
- $150,083
- From related orgs
- $0
- Other
- $12,762
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $150,083
- Bonus
- $0
- Other
- $0
- Deferred
- $4,441
- Nontaxable benefits
- $8,321
- Filer's total
- $162,845
-
Becca McBeeBECCA MCBEE
ASST. SECRETARY
- Total calculated
- $81,996
- From this org
- $79,596
- From related orgs
- $0
- Other
- $2,400
- Hours/week
- 35
-
Julie SteckelJULIE STECKEL
CFO AS OF 12/24
- Total calculated
- $4,231
- From this org
- $4,231
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Christina BrophyCHRISTINA BROPHY
SR. VP OF CURATORIAL AFFAIRS
- Total calculated
- $254,231
- From this org
- $213,599
- From related orgs
- $0
- Other
- $40,632
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $213,599
- Bonus
- $0
- Other
- $0
- Deferred
- $6,815
- Nontaxable benefits
- $33,817
- Filer's total
- $254,231
-
Christopher FreemanCHRISTOPHER FREEMAN
VP ADVANCEMENT
- Total calculated
- $199,819
- From this org
- $171,723
- From related orgs
- $0
- Other
- $28,096
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $171,723
- Bonus
- $0
- Other
- $0
- Deferred
- $5,582
- Nontaxable benefits
- $22,514
- Filer's total
- $199,819
-
Shannon McKenzieSHANNON MCKENZIE
VP WATERCRAFT OPERATIONS AND PRESERVATION
- Total calculated
- $187,408
- From this org
- $169,664
- From related orgs
- $0
- Other
- $17,744
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $169,664
- Bonus
- $0
- Other
- $0
- Deferred
- $5,263
- Nontaxable benefits
- $12,481
- Filer's total
- $187,408
-
Margaret MilnesMARGARET MILNES
VP VISITOR JOURNEY
- Total calculated
- $183,359
- From this org
- $165,587
- From related orgs
- $0
- Other
- $17,772
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $165,587
- Bonus
- $0
- Other
- $0
- Deferred
- $5,291
- Nontaxable benefits
- $12,481
- Filer's total
- $183,359
-
Akeia Angelique De Barros GomesAKEIA ANGELIQUE DE BARROS GOMES
VP AMERICAN INSTITUTE MARITIME STUDIES
- Total calculated
- $169,276
- From this org
- $143,809
- From related orgs
- $0
- Other
- $25,467
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $143,809
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,467
- Filer's total
- $169,276
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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- PRESIDENT/CEO RECEIVED A BOARD APPROVED CALENDAR YEAR BONUS WHICH WAS INCLUDED IN HIS 2024 W2.
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
-
SPRING VALLEY YOUTH GROUP
$6,300
GENERAL ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523159349305322
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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