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Nonprofiteer
← TALL SHIP PROVIDENCE FOUNDATION

Form 990 for tax year 2024

Filed by TALL SHIP PROVIDENCE FOUNDATION.

Totals

Total revenue
$1,149,554
Total expenses
$1,832,678
Contributions and grants received
$459,876
Grants paid
$0
Program service revenue
$658,426
Investment income
$6
Other revenue
$31,246
Total assets, end of year
$7,168,782
Total liabilities, end of year
$4,842,062
Net assets or fund balances, end of year
$2,326,720
Program services expenses (Part IX)
$1,221,054
Management and general expenses
$568,325
Fundraising expenses
$43,299
Program service expenses (Part III)
$1,221,054

Program services were 66.6% 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

    $459,876

  • 2a · Program service revenue: Tours and events

    total $337,884 · related or exempt $337,884

  • 2b · Program service revenue: Bar sales

    total $295,290 · unrelated business $295,290

  • 2c · Program service revenue: Memberships

    total $25,252 · related or exempt $25,252

  • 3 · Investment income

    total $6 · excluded $6

  • 10a · Gross sales of inventory

    $38,591

  • 10b · Cost of goods sold

    $7,345

  • 10c · Net income from sales of inventory

    total $31,246 · related or exempt $31,246

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $285,093 · program services $199,565 · management and general $57,019 · fundraising $28,509

  • 7 · Other salaries and wages

    total $304,851 · program services $304,851

  • 9 · Other employee benefits

    total $42,017 · program services $42,017

  • 10 · Payroll taxes

    total $55,482 · program services $47,439 · management and general $5,362 · fundraising $2,681

  • 11b · Fees: legal

    total $21,121 · management and general $21,121

  • 11c · Fees: accounting

    total $96,995 · management and general $96,995

  • 11g · Fees: other

    total $69,500 · management and general $69,500

  • 12 · Advertising and promotion

    total $49,604 · program services $49,604

  • 13 · Office expenses

    total $8,620 · program services $8,620

  • 14 · Information technology

    total $4,205 · program services $4,205

  • 16 · Occupancy

    total $40,968 · program services $19,800 · management and general $21,168

  • 17 · Travel

    total $11,003 · program services $11,003

  • 20 · Interest

    total $256,068 · management and general $256,068

  • 22 · Depreciation, depletion and amortization

    total $224,126 · program services $224,126

  • 23 · Insurance

    total $72,974 · program services $70,063 · management and general $2,911

  • 24a · Other expenses: Program costs

    total $138,984 · program services $138,984

  • 24b · Other expenses: Ship-related costs

    total $100,718 · program services $100,718

  • 24c · Other expenses: Administrative costs

    total $43,464 · program services $59 · management and general $31,296 · fundraising $12,109

  • 24d · Other expenses: Other expenses

    total $6,885 · management and general $6,885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,002 · end of year $16,353

  • 2 · Savings and temporary cash investments

    beginning of year $175 · end of year $122

  • 3 · Pledges and grants receivable

    beginning of year $70,171 · end of year $62,451

  • 8 · Inventories for sale or use

    beginning of year $23,510 · end of year $16,940

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,663 · end of year $17,722

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

    $7,571,197

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

    $517,278

  • 10c · Land, buildings and equipment, net

    beginning of year $7,138,903 · end of year $7,053,919

  • 15 · Other assets

    beginning of year $1,275 · end of year $1,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,049,377 · end of year $932,478

  • 19 · Deferred revenue

    beginning of year $1,273

  • 22 · Loans and payables to officers and key people

    beginning of year $464,280 · end of year $768,286

  • 24 · Unsecured notes and loans payable

    beginning of year $2,870,925 · end of year $3,141,298

  • 27 · Net assets without donor restrictions

    beginning of year $3,009,844 · end of year $2,326,720

Mission and programs · 2024

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 $1,221,054 · Revenue $689,672

As filed on the 2024 return.

Listed in Part VII

  • William Scott Shaw

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Tom Church

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Kirk Casey

    Director

    Total calculated
    $0
    Hours/week
    3

  • Valerie Ianieri

    Director

    Total calculated
    $0
    Hours/week
    3

  • Henry Fonville

    Director

    Total calculated
    $0
    Hours/week
    3

  • Patrick Burchette

    Director

    Total calculated
    $70,000
    From this org
    $0
    From related orgs
    $0
    Other
    $70,000
    Hours/week
    3

  • Walter Trip Howell IV

    Director

    Total calculated
    $0
    Hours/week
    3

  • Frank M Conner III

    Director

    Total calculated
    $0
    Hours/week
    3

  • Clair S Sassin

    President & CEO

    Total calculated
    $161,591
    From this org
    $161,591
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,591
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,591

  • Kathleen Seifert

    Executive Director

    Total calculated
    $123,502
    From this org
    $123,502
    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. 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 · Form 990 of other organizations

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349313893

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