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Nonprofiteer
← TALL SHIP PROVIDENCE FOUNDATION

Form 990 for tax year 2022

Filed by TALL SHIP PROVIDENCE FOUNDATION.

Totals

Total revenue
$4,773,820
Total expenses
$994,669
Contributions and grants received
$4,680,499
Grants paid
$0
Program service revenue
$89,848
Investment income
-$396
Other revenue
$3,869
Total assets, end of year
$5,101,475
Total liabilities, end of year
$1,609,578
Net assets or fund balances, end of year
$3,491,897
Program services expenses (Part IX)
$726,324
Management and general expenses
$252,116
Fundraising expenses
$16,229
Program service expenses (Part III)
$726,324

Program services were 73.0% 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.

  • 1f · All other contributions, gifts and grants

    $4,680,499

  • 2a · Program service revenue: Tours and events

    total $89,848 · related or exempt $89,848

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

    other assets $396

  • 7c · Gain or loss

    other assets -$396

  • 7d · Net gain or loss

    total -$396 · excluded -$396

  • 10a · Gross sales of inventory

    $6,561

  • 10b · Cost of goods sold

    $2,692

  • 10c · Net income from sales of inventory

    total $3,869 · related or exempt $3,869

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $149,033 · program services $104,323 · management and general $29,807 · fundraising $14,903

  • 7 · Other salaries and wages

    total $239,439 · program services $239,439

  • 9 · Other employee benefits

    total $33,904 · program services $33,904

  • 10 · Payroll taxes

    total $34,560 · program services $30,582 · management and general $2,652 · fundraising $1,326

  • 11b · Fees: legal

    total $12,147 · management and general $12,147

  • 11c · Fees: accounting

    total $31,863 · management and general $31,863

  • 12 · Advertising and promotion

    total $43,848 · program services $43,848

  • 13 · Office expenses

    total $1,640 · program services $1,640

  • 14 · Information technology

    total $2,307 · program services $2,307

  • 16 · Occupancy

    total $64,447 · program services $47,875 · management and general $16,572

  • 17 · Travel

    total $7,581 · program services $7,581

  • 20 · Interest

    total $120,631 · management and general $120,631

  • 22 · Depreciation, depletion and amortization

    total $60,777 · program services $60,777

  • 23 · Insurance

    total $31,759 · program services $22,129 · management and general $9,630

  • 24a · Other expenses: Ship-related costs

    total $69,519 · program services $69,519

  • 24b · Other expenses: Program costs

    total $56,119 · program services $56,119

  • 24c · Other expenses: Administrative costs

    total $30,235 · program services $2,834 · management and general $27,401 · fundraising $0

  • 24d · Other expenses: Tour ticket fees

    total $3,447 · program services $3,447

  • 24e · All other expenses

    total $1,413 · management and general $1,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,817 · end of year $2,076,366

  • 2 · Savings and temporary cash investments

    beginning of year $245 · end of year $227

  • 3 · Pledges and grants receivable

    beginning of year $132,671 · end of year $185,171

  • 8 · Inventories for sale or use

    beginning of year $13,361 · end of year $10,669

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,054 · end of year $8,440

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

    $1,493,175

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

    $158,317

  • 10c · Land, buildings and equipment, net

    beginning of year $1,394,388 · end of year $1,334,858

  • 15 · Other assets

    beginning of year $854,792 · end of year $1,485,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $359,268 · end of year $220,913

  • 22 · Loans and payables to officers and key people

    beginning of year $421,116 · end of year $442,172

  • 23 · Secured mortgages and notes payable

    beginning of year $481,468 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $1,568,730 · end of year $946,493

  • 27 · Net assets without donor restrictions

    beginning of year -$287,254 · end of year $3,491,897

Mission and programs · 2022

Mission

Our mission is to bring history to life on Alexandria's waterfront. Our Maritime Heritage Center serves as a floating museum and classroom where we educate visitors on the role Providence and Captain John Paul Jones played during the American Revolution.

Activities or mission (Part I)

We are a floating classroom; our focus is to educate while entertaining our guests on the role Providence and the Continental Navy played in the American Revolution.

  • Providence is a reproduction of the first ship authorized to serve in the Continental Navy. Our tours are interactive, educational and entertaining. Once our guests "make their mark" they are the newest recruits in the Continental Navy. Their tour guide, a fellow sailor in colonial clothes, distributes cards with job assignments (e.g., purser, master gunner, etc.) and briefs them on the ship and reminds them of the reason they are here. Guests then board Providence and meet Captain John Paul Jones. Once aboard, guests visit the quarterdeck, main deck, Captain's Cabin and the hold. Once the new recruits disembark, they enter our Naval History Theater to view a film, "Providence: Dawn of the U.S. Navy."

    Expenses $726,324 · Revenue $93,717

As filed on the 2022 return.

Listed in Part VII

  • William Scott Shaw

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Albert T Church

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Serge Sarandinaki

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Valerie Ianieri

    Director

    Total calculated
    $0
    Hours/week
    3

  • Henry Fonville

    Director

    Total calculated
    $0
    Hours/week
    3

  • Walter Trip Howell IV

    Director

    Total calculated
    $0
    Hours/week
    3

  • Clair S Sassin

    President & CEO

    Total calculated
    $149,033
    From this org
    $149,033
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349311540

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