Seaport Museum New York
- Assets
- $25.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 50
- Location
- New York, NY
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 13-2596500
Organization Overview
Seaport Museum New York, operating under the name South Street Seaport Museum, is located in New York, NY. The organization was established in 1989. 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, South Street Seaport Museum employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Street Seaport Museum 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, South Street Seaport Museum generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM'S PRIMARY PURPOSE IS TO PRESERV/INTERPRET THE HISTORY OF NEW YORK AS A WORLD PORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL AND PUBLIC EVENTS:THE MUSEUM WAS DEEPLY ENGAGED WITH PARTNERSHIPS AND COLLABORATIONS, INCLUDING THE TIMELY ON SITE OPERA PRODUCTION OF "WHAT LIES BENEATH" ABOARD WAVERTREE; ART AT THE BLUE LINE WITH VISUAL PROJECTIONS ON THE HISTORIC A.A. LOW BUILDING IN THE SCHERMERHORN ROW BLOCK; AND CITY OF WATER DAY, MOBILE VACCINE CLINICS, AND FRESH CARGO (CIDER, WOOL, HONEY, PUMPKINS) FROM THE SCHOONER APOLLONIA, ALL AT PIER 16. BY THE FALL OF 2021, THE MUSEUM WAS ABLE TO BRING YOUNG PEOPLE BACK TO THE SEAPORT FOR OUTDOOR FIELD TRIPS, AT NO COST FOR NYC PUBLIC AND TITLE I SCHOOLS. AND THE INDOOR GALLERIES ON THE GROUND FLOOR OF 12 FULTON STREET ALSO REOPENED TO THE PUBLIC BY DECEMBER.
MARINE OPERATIONS:THE 1885 TALL SHIP WAVERTREE WAS OPEN AND FREE TO THE PUBLIC, AN OPEN-AIR VENUE ABOARD WHICH VISITORS COULD GET A GLIMPSE OF WHERE NEW YORK BEGINS. VISITORS ALSO ENJOYED GUIDED TOURS OF THE 1908 LIGHTSHIP AMBROSE, FREE PRINTING DEMONSTRATIONS AT BOWNE & CO., STATIONERS, AND RIDES ABOARD THE 1930 WOODEN TUG W.O. DECKER (NAMED "TUGBOAT OF THE YEAR" BY THE STEAMSHIP HISTORICAL SOCIETY OF AMERICA).
CURATORIAL:THE MONTHLY SEA CHANTEY SINGS ON ZOOM EXPLODED IN POPULARITY EARLIER THIS YEAR, ENHANCED BY THE "SEA SONGS AND SEA LIVES" WEBINAR SERIES ON THE HISTORY OF SEA CHANTEYS, CENTERING THE VOICES OF FEMALE, BLACK, AND QUEER SAILORS. THESE AND OTHER WEBINARS ON TOPICS LIKE IMMIGRATION, TATTOO HISTORY, AND ARCHITECTURE IN THE SEAPORT REMAIN AVAILABLE FOR FREE ON DEMAND. ADDITIONALLY, OVER 2,000 RARELY-SEEN ARTIFACTS FROM THE MUSEUM'S COLLECTIONS ARE NEWLY AVAILABLE AT THE COLLECTIONS ONLINE PORTAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Boulware President & CEO | Officer | 40 | $199,872 |
Meg Fellerath Chief Operating Officer | 40 | $121,863 | |
Anna Frenkel Vice President Of External Affairs | 40 | $101,629 | |
Brendan Sexton Chairman | OfficerTrustee | 1 | $0 |
David Sheehan Treasurer | OfficerTrustee | 1 | $0 |
Christiana Huus Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,156,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,113 |
| Noncash contributions included in lines 1a–1f | $157,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,872,508 |
| Total Program Service Revenue | $43,430 |
| Investment income | $27,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $543,924 |
| Net Gain/Loss on Asset Sales | $480,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,991 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,990,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,858 |
| Compensation of current officers, directors, key employees. | $49,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,302,998 |
| Pension plan accruals and contributions | $130,300 |
| Other employee benefits | $104,645 |
| Payroll taxes | $157,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $106,254 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,991 |
| Advertising and promotion | $145 |
| Office expenses | $65,897 |
| Information technology | $45,083 |
| Royalties | $0 |
| Occupancy | $38,614 |
| Travel | $18,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $606,069 |
| Insurance | $377,209 |
| All other expenses | $0 |
| Total functional expenses | $3,860,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,609,430 |
| Pledges and grants receivable | $1,054,007 |
| Accounts receivable, net | $1,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,832 |
| Net Land, buildings, and equipment | $20,385,309 |
| Investments—publicly traded securities | $1,950,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $116,901 |
| Other assets | $0 |
| Total assets | $25,331,264 |
| Accounts payable and accrued expenses | $2,245,006 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,539,150 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $347,590 |
| Total liabilities | $10,131,746 |
| Net assets without donor restrictions | $12,644,119 |
| Net assets with donor restrictions | $2,555,399 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,331,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seaport Museum New York has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
J M Kaplan Fund Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,413,074 |
| Earnings | $41,022 |
| Ending Balance | $1,454,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |