Tall Ship Providence Foundation
- Assets
- $5.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Alexandria, VA
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-2485535
Organization Overview
Tall Ship Providence Foundation is located in Alexandria, VA. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Tall Ship Providence Foundation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tall Ship Providence Foundation 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 12/2022, Tall Ship Providence Foundation generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.4% each year . All expenses for the organization totaled $994.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Scott Shaw Chair | OfficerTrustee | 10 | $0 |
Albert T Church Treasurer | OfficerTrustee | 10 | $0 |
Serge Sarandinaki Secretary | OfficerTrustee | 10 | $0 |
Valerie Ianieri Director | Trustee | 3 | $0 |
Henry Fonville Director | Trustee | 3 | $0 |
Walter Trip Howell IV Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,680,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,680,499 |
| Total Program Service Revenue | $89,848 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,869 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,773,820 |
| 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. | $149,033 |
| Compensation of current officers, directors, key employees. | $29,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,904 |
| Payroll taxes | $34,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,147 |
| Fees for services: Accounting | $31,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,848 |
| Office expenses | $1,640 |
| Information technology | $2,307 |
| Royalties | $0 |
| Occupancy | $64,447 |
| Travel | $7,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,631 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,777 |
| Insurance | $31,759 |
| All other expenses | $1,413 |
| Total functional expenses | $994,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,076,366 |
| Savings and temporary cash investments | $227 |
| Pledges and grants receivable | $185,171 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,669 |
| Prepaid expenses and deferred charges | $8,440 |
| Net Land, buildings, and equipment | $1,334,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,485,744 |
| Total assets | $5,101,475 |
| Accounts payable and accrued expenses | $220,913 |
| 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 | $442,172 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $946,493 |
| Other liabilities | $0 |
| Total liabilities | $1,609,578 |
| Net assets without donor restrictions | $3,491,897 |
| Net assets with donor restrictions | $0 |
| 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 | $5,101,475 |