Mystic Seaport Museum Inc

Organization Overview

Mystic Seaport Museum Inc is located in Mystic, CT. The organization was established in 1938. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mystic Seaport Museum Inc employed 246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mystic Seaport Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Mystic Seaport Museum Inc generated $26.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MYSTIC SEAPORT MUSEUM STRIVES TO INSPIRE AN ENDURING CONNECTION TO THE AMERICAN MARITIME EXPERIENCE.

Describe the Organization's Program Activity:

VISITOR EXPERIENCE - EACH YEAR MORE THAN 115,000 PEOPLE VISIT MYSTIC SEAPORT, THE MUSEUM OF AMERICA AND THE SEA. THE DEPARTMENTS AND DIVISIONS THAT HAVE PRIMARY RESPONSIBILITY FOR THE VISITOR EXPERIENCE INCLUDE: VISITOR SERVICES, EXHIBITIONS, INTERPRETATION PROGRAMS, AND MUSEUM STORES. THEY WELCOME VISITORS; PROVIDE FOR THEIR PHYSICAL NEEDS; OFFER EDUCATIONAL AND ILLUSTRATIVE PRODUCTS TO UNDERSCORE THE THEME OF AMERICA AND THE SEA; RESEARCH, DESIGN, PRODUCE AND CARE FOR EXHIBITS; RESEARCH, PLAN, AND CONDUCT A VARIED SEASONAL SCHEDULE OF PROGRAMS, ACTIVITIES AND SPECIAL EVENTS FOR VISITORS OF ALL AGES.


EDUCATIONAL PROGRAMS - MYSTIC SEAPORT OFFERS A VARIETY OF FORMAL AND INFORMAL EDUCATIONAL OPPORTUNITIES FOR DIVERSE AUDIENCES. EDUCATORS CAN CHOOSE FROM A VARIED MENU OF EDUCATIONAL PROGRAMMING INCLUDING SELF-GUIDED EXPLORATION, GUIDED TOURS WITH HANDS ON ACTIVITIES, PLANETARIUM SHOWS, ROLEPLAYER OR CHANTEY PERFORMANCES, IN-SCHOOL WORKSHOPS & VIRTUAL PROGRAMS.THE MUSEUM SERVES OVER 40,000 STUDENTS AND ADULTS EACH YEAR. THE EDUCATION DEPARTMENT WORKS WITH EDUCATORS AND STUDENTS TO PROVIDE A TAILORED EDUCATIONAL EXPERIENCE TO MEET THE NEEDS OF THEIR CURRICULUM INCLUDING SAILING PROGRAMS AND SUMMER CAMPS.


COLLECTIONS & RESEARCH - THE MUSEUM'S COLLECTIONS HOLD OVER 2 MILLION ITEMS, INCLUDING VESSELS, HISTORIC BUILDINGS, PHOTOGRAPHS, FILM AND VIDEO FOOTAGE, IMPRINTS, ART, TOOLS, AND ARTIFACTS DATING FROM THE EIGHTEENTH, NINETEENTH AND TWENTIETH CENTURIES. THE WATERCRAFT COLLECTION, THE LARGEST COLLECTION OF ITS GENRE IN THE WORLD WITH OVER 480 VESSELS, INCLUDES 4 NATIONAL HISTORIC LANDMARKS: THE 1841 WHALING BARK CHARLES W. MORGAN, THE 1921 FISHING SCHOONER L. A. DUNTON, THE 1908 STEAM FERRY SABINO, AND THE NOANK WELL-SMACK EMMA C. BERRY. CURATORIAL WORK INCLUDES ACQUISITION, REGISTRATION, RESEARCH AND DOCUMENTATION, RESTORATION AND CONSERVATION. THE HENRY B. DUPONT PRESERVATION SHIPYARD WAS ESTABLISHED TO ENABLE MYSTIC SEAPORT TO CARE FOR ITS HISTORIC WATERCRAFT. THE SHIPYARD IS ALSO AN EXHIBIT WHERE VISITORS CAN WATCH THE STAFF PERFORM THE WORK NECESSARY TO MAINTAIN AND RESTORE OUR WATERCRAFT COLLECTION, EMPHASIZING THE USE OF TRADITIONAL MATERIALS AND SKILLS. THE MUSEUM'S EXTENSIVE COLLECTIONS OF MARITIME ART AND ARTIFACTS, PHOTOGRAPHS AND MOVING IMAGES, AND SHIPS PLANS ARE HOUSED ALONGSIDE THE G. W. BLUNT WHITE LIBRARY'S BOOKS AND PERIODICALS, CHARTS AND MAPS, ORAL HISTORIES, MICROFILM, LOG BOOKS, SHIPS REGISTERS AND MANUSCRIPTS IN A STATE OF THE ART FACILITY, THE COLLECTIONS RESEARCH CENTER. STAFF AND COLLECTIONS ARE BROUGHT TOGETHER HERE IN A COORDINATED AND EFFECTIVE CONFIGURATION UNDER ONE ROOF. THE COLLECTIONS RESEARCH CENTER IS THE MUSEUM'S CENTER FOR ADVANCED RESEARCH IN AMERICAN MARITIME HISTORY, CULTURE AND SCIENCE, SERVING STUDENTS, MEMBERS, STAFF AND OUTSIDE SCHOLARS. THE MUSEUM ALSO CONTRIBUTES TO KNOWLEDGE OF MARITIME STUDIES AND SCHOLARSHIP THROUGH BOOK PUBLICATION, AND SYMPOSIA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cohnreznick Llp
Advisory, Assurance & Tax Services
$212,900
Wiggin & Dana Llp
Legal Services
$203,785
Glenmede
Investment Management
$191,876
Sns Electric Llc
Electrical Services
$163,532
Securitas Security Services Usa Inc
Security Services
$344,584
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,267,774
Fundraising events$516,709
Related organizations$0
Government grants $8,298,276
All other contributions, gifts, grants, and similar amounts not included above$5,464,280
Noncash contributions included in lines 1a–1f $2,091,793
Total Revenue from Contributions, Gifts, Grants & Similar$15,547,039
Total Program Service Revenue$5,208,892
Investment income $1,292,314
Tax Exempt Bond Proceeds $0
Royalties $1,698
Net Rental Income $270,361
Net Gain/Loss on Asset Sales $4,302,684
Net Income from Fundraising Events -$18,137
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $38,092
Miscellaneous Revenue$0
Total Revenue $26,794,983

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Mystic Seaport Museum Inc has recieved totaling $4,929.

Awarding OrganizationAmount
Rogers Wilbur Foundation Inc

Crownsville, MD

PURPOSE: UNRESTRICTED

$2,500
Benson P Blake Char Tr C O Tua

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,000
Rice Family Charitable Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$250
Andrew And Carol Parsons Family Foundation

Fisher Island, FL

PURPOSE: ARTS

$179
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,291,081
Earnings$9,876,556
Net Contributions$176,482
Other Expense$3,221,753
Ending Balance$70,122,366

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