2020-07-15T16:53:00-05:00 2019-06-30 111986323 MARCUM LLP 1601 MARKET STREET 4TH FLOOR PHILADELPHIA PA 19103 990 2018-07-01 231584971 INDEPENDENCE SEAPORT MUSEUM INDE 2154138655 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 WILLIAM LANE VICE CHAIR & TREASURER 2154138655 2020-07-15 1 THOMAS MCGLONE P00029799 2152972100 144.121.95.190 2020-07-15 06:49:54 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2ECDB53295E89E1282A124755C2AF27527EE4C93 2018 2021-01-29 14:40:06Z JOHN BRADY 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 4188182 0 X WWW.PHILLYSEAPORT.ORG X 1960 PA THE MISSION OF INDEPENDENCE SEAPORT MUSEUM (THE "MUSEUM") IS TO DEEPEN THE UNDERSTANDING, APPRECIATION AND EXPERIENCE OF THE PHILADELPHIA REGION'S WATERWAYS. WE CONNECT OUR COMMUNITY AND VISITORS TO OUR RIVERS AND WATERSHED THROUGH EXHIBITIONS AND PROGRAMS FEATURING HISTORY, SCIENCE AND ART, PLUS EXPERIENCES ON THE WATER. VISITORS CAN LEARN ABOUT WHAT IS ON THE RIVER, IN THE RIVER AND AROUND THE RIVER IN THE NEW HIGH-TECH INTERACTIVE EXHIBITION, RIVER ALIVE!; CLIMB ABOARD THE LIFE-SIZE MODEL PIRATE SHIP DILIGENCE; ENJOY THE DELAWARE RIVER WITH SEASONAL BOAT RENTALS; OBSERVE LIVE DEMONSTRATIONS IN THE MUSEUM'S BOATBUILDING WORKSHOP; AND GET HANDS ON WITH STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) LEARNING IN THE CITIZEN SCIENCE LAB AND MAKERSPACE. THE MUSEUM IS HOME TO ONE OF THE LARGEST MARITIME ART AND ARTIFACT COLLECTIONS IN NORTH AMERICA, DOCUMENTING THE LOCAL AND REGIONAL HISTORY OF THE PORTS OF PHILADELPHIA, AND TWO NATIONAL HISTORIC LANDMARK SHIPS, CRUISER OLYMPIA, 25 24 104 72 21093 0 4464583 2128415 969860 877759 784844 876300 423493 173507 6642780 4055981 306415 173217 0 0 2890259 2964991 0 0 310861 2802689 2717952 5999363 5856160 643417 -1800179 30769296 27635498 2862111 1094156 27907185 26541342 X THE MISSION OF INDEPENDENCE SEAPORT MUSEUM (THE "MUSEUM") IS TO DEEPEN THE UNDERSTANDING, APPRECIATION AND EXPERIENCE OF THE PHILADELPHIA REGION'S WATERWAYS. WE CONNECT OUR COMMUNITY AND VISITORS TO OUR RIVERS AND WATERSHED THROUGH EXHIBITIONS AND PROGRAMS FEATURING HISTORY, SCIENCE AND ART, PLUS EXPERIENCES ON THE WATER. VISITORS CAN LEARN ABOUT WHAT IS ON THE RIVER, IN THE RIVER AND AROUND THE RIVER IN THE NEW HIGH-TECH INTERACTIVE EXHIBITION, RIVER ALIVE!; CLIMB ABOARD THE LIFE-SIZE MODEL PIRATE SHIP DILIGENCE; ENJOY THE DELAWARE RIVER WITH SEASONAL BOAT RENTALS; OBSERVE LIVE DEMONSTRATIONS IN THE MUSEUM'S BOATBUILDING WORKSHOP; AND GET HANDS ON WITH STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART AND MATH) LEARNING IN THE CITIZEN SCIENCE LAB AND MAKERSPACE. THE MUSEUM IS HOME TO ONE OF THE LARGEST MARITIME ART AND ARTIFACT COLLECTIONS IN NORTH AMERICA, DOCUMENTING THE LOCAL AND REGIONAL HISTORY OF THE PORTS OF PHILADELPHIA, AND TWO NATIONAL HISTORIC LANDMARK SHIPS, CRUISER OLYMPIA, 0 0 4867099 173217 856246 THE MUSEUM'S LARGEST PROGRAM SERVICE AREAS BY EXPENSES WERE THE HISTORIC SHIPS (CRUISER OLYMPIA AND SUBMARINE BECUNA); CURATORIAL (INCLUDING THE GALLERIES, EXHIBITIONS, COLLECTION AND ARCHIVAL MATERIALS); EDUCATIONAL PROGRAMMING; WORKSHOP ON THE WATER BOATBUILDING; AND PADDLE PENNS LANDING (BOAT RENTALS ON THE BASIN). SIGNIFICANT ACHIEVEMENTS INCLUDED THE PRESERVATION OF THE HULL OF CRUISER OLYMPIA AT CRITICAL WATERLINE AREAS AND CONTINUED RESTORATION OF HER DECKS, GANGWAY, AND ELECTRICAL SYSTEM; THE SUCCESSFUL OPENING OF A NEW HIGH-TECH INTERACTIVE EXHIBITION, RIVER ALIVE!, WHERE VISITORS CAN LEARN ABOUT WHAT IS ON, IN, AND AROUND, THE DELAWARE RIVER; ONGOING CONSTRUCTION IN OUR GALLERIES OF A FULL-SCALE, WATERLINE MODEL OF THE 1790S SCHOONER DILIGENCE; HAND-ON LEARNING WITH STEAM EDUCATION PROGRAMS IN THE MUSEUM'S CITIZEN SCIENCE LAB AND MAKERSPACE; BOATS BUILT AND LAUNCHED BY STUDENTS IN OUR WORKSHOP ON THE WATER STEAM EDUCATION PROGRAM, SCIENCE AND ART INNOVATIVE LEARNING ON THE RIVER ("SAILOR"); AND SEASONAL BOAT RENTALS ("PADDLE PENN'S LANDING) IN THE BOAT BASIN AND KAYAK EXCURSIONS. WELL-ATTENDED PUBLIC PROGRAMS INCLUDED LUNAR NEW YEAR AND PARADE OF LIGHTS. THE MUSEUM IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. OVER 107,000 PEOPLE VISITED THE MUSEUM IN FY 2019, INCLUDING OVER 12,000 STUDENTS WHO TOOK PART IN OUR EDUCATIONAL PROGRAMS, AND NEARLY 20,000 VISITORS WHO TOOK PART IN SAFE AND FUN ON-WATER EXPERIENCES THROUGH THE PADDLE PENN'S LANDING BOAT BASIN. 4867099 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 1 104 1 1 1 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X X MANAGEMENT 2154138655 211 S COLUMBUS BLVD WALNUT ST PHILADELPHIA PA 19106 DEBORAH GIBBONS-NEFF DIRECTOR 0.50 X 0 0 0 GORDON L KEEN JR DIRECTOR 0.50 X 0 0 0 JAMES W MCLANE DIRECTOR 0.50 X 0 0 0 JASON INGLE DIRECTOR 0.50 X 0 0 0 JOHN A GREGG DIRECTOR 0.50 X 0 0 0 RICHARD A HAYNE DIRECTOR 0.50 X 0 0 0 WILLIAM L LANE III VICE CHAIR & TREASURER 0.50 X X 0 0 0 JOHN C DEVEREUX DIRECTOR 0.50 X 0 0 0 MAX KAISERMAN DIRECTOR 0.50 X 0 0 0 TIM MCGRATH DIRECTOR 0.50 X 0 0 0 JAMES T GILES SECRETARY 0.50 X X 0 0 0 PETER H HAVENS BOARD CHAIRMAN 0.50 X X 0 0 0 PETER MCCAUSLAND DIRECTOR 0.50 X 0 0 0 THAYER ADAMS DIRECTOR 0.50 X 0 0 0 ANTHONY N BRADY DIRECTOR 0.50 X 0 0 0 PETER ERNST VICE CHAIR 0.50 X X 0 0 0 STEVEN B UJIFUSA DIRECTOR 0.50 X 0 0 0 JOHN BRADY PRESIDENT & CEO 40.00 X X 150000 0 19549 PAMELA SWITLIK DIRECTOR 0.50 X 0 0 0 COURTNEY DISSTON DIRECTOR 0.50 X 0 0 0 JOSEPH BENTON DIRECTOR 0.50 X 0 0 0 STAN SWITLIK DIRECTOR 0.50 X 0 0 0 JONATHAN EPSTEIN DIRECTOR 0.50 X 0 0 0 WILLIAM L GAUNT DIRECTOR 0.50 X 0 0 0 KARL SCHOETTLE DIRECTOR 0.50 X 0 0 0 MICHELE WALLS VICE PRESIDENT, EXTERNAL AFFAIRS 0.50 X 125890 0 13909 275890 0 33458 2 0 1 0 0 49697 7145 334019 1737554 2128415 MUSEUM ADMISSIONS 713990 530828 530828 BOAT WORKSHOP AND RENTALS 900099 194421 194421 EDUCATION & OTHER 900099 150190 150190 CURATORIAL INCOME 900099 2320 2320 877759 876300 876300 211521 44237 167284 167284 9513 157771 27560 7145 11404 16156 16156 66627 76560 -9933 -21513 11580 4055981 856246 21093 1050227 173217 173217 150000 122362 16098 11540 2045613 1668699 219539 157375 152119 124090 16326 11703 445682 363563 47831 34288 171577 139963 18414 13200 3803 2866 847 90 91753 69144 20445 2164 65972 49716 14700 1556 119550 119550 185213 139573 41272 4368 172370 159425 4510 8435 197267 142232 35353 19682 407132 365216 29670 12246 29105 29105 1030302 958922 50115 21265 142828 123203 11925 7700 PROGRAM SUPPLIES & MATE 146219 146219 0 0 EXHIBIT MAINTENANCE 83034 83034 0 0 STAFF DEVELOPMENT 33428 28948 2500 1980 MUSEUM EVENTS 9976 6707 0 3269 5856160 4867099 678200 310861 1271311 604779 1176062 63362 150404 82707 29937 13287 17939 10091 15505 25269404 18983611 5434676 6285793 22696704 20378589 84458 89190 30769296 27635498 1140764 181175 39375 44989 1278472 521492 403500 346500 2862111 1094156 X 0 0 0 0 0 0 27907185 26541342 30769296 27635498 -1800179 434336 0 X X 0 1 X 1 0 X 7349419 2883741 331522 4464583 2121270 17150535 7349419 2883741 331522 4464583 2121270 17150535 0 0 0 17150535 735900 741806 204973 784844 876300 3343823 735900 741806 204973 784844 876300 3343823 -18110 55954 8540 6519 -420 52483 8067209 3681501 545035 5255946 2997150 20546841 0.83470 0.16270 X PART III, SHORT YEAR EXPLANATION: THE AMOUNTS REPORTED FOR 2016 ARE BASED ON A SHORT YEAR RETURN FOR THE PERIOD 01/01/2017-06/30/2017. THE INDEPENDENCE SEAPORT MUSEUM CHANGED FROM A CALENDAR YEAR TO A FISCAL YEAR ON 01/01/2017. THEREFORE, A FULL CALENDAR YEAR RETURN WAS FILED FOR 12/31/2016 AND A SHORT YEAR RETURN FOR 06/30/2017. THE SHORT YEAR AMOUNTS SKEW THE PUBLIC SUPPORT PERCENTAGES DOWN AND UNDER THE 33 1/3%. HOWEVER, IN TWO YEARS, WHEN THE 2016 COLUMN IS NO LONGER INCLUDED IN THE 5 YEAR CALCULATION, THE CALCULATED PUBLIC SUPPORT PERCENTAGE SHOULD INCREASE ABOVE THE REQUIRED 33 1/3% TO MEET THE PUBLIC SUPPORT TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 23844633 876300 314786 4596259 20439460 23516495 784860 1051826 1508548 23844633 22802849 245583 1541317 1073254 23516495 22583077 266340 2454771 2501339 22802849 9889704 13657814 632378 1596819 22583077 0 0 16773570 14607081 2166489 1595273 924187 671086 6900561 3452343 3448218 6285793 DEFERRED RENT OBLIGATION 346500 346500 X 4385223 434336 -105094 329242 4055981 0 4055981 5829353 -26807 -26807 5856160 0 5856160 PART X, LINE 2: MANAGEMENT OF THE MUSEUM CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE MUSEUM'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE MUSEUM MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO TAXABLE INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FROM FLASGHIP OLYMPIA REPORTED ON SEPARATE 990: $6,841 INVESTMENT EXPENSES NETTED WITH INVESTMENT INCOME: -$119,550 EXPENSES PERTAINING TO UNRELATED BUSINESS INCOME: $7,615 TOTAL TO SCHEDULE D, PART XI, LINE 2D: -$105,094 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM FLAGSHIP OLYMPIA REPORTED ON SEPARATE 990: $85,129 INVESTMENT EXPENSES NETTED WITH INVESTMENT INCOME -$119,550 EXPENSES PERTAINING TO UNRELATED BUSINESS INCOME: $7,614 TOTAL SCHEDULE D, PART XII, LINE 2D: -$26,807 PART III, LINE 1A THE MUSEUM'S COLLECTIONS CONSIST OF HISTORICAL ARTIFACTS, ANTIQUES, AND OTHER IRREPLACEABLE ITEMS THAT ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. COLLECTIONS ARE THE MOST VALUABLE ASSETS OF THE MUSEUM AND ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. THE COLLECTIONS, WHICH WERE ACQUIRED PRIMARILY THROUGH DONATION, ARE NOT RECOGNIZED OR CAPITALIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. COLLECTION ITEMS PURCHASED DURING THE YEAR RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTIONS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. THE MUSEUM RECORDS PROCEEDS FROM DEACCESSIONS AND INSURANCE RECOVERIES AS INCREASES IN THE STATEMENT OF ACTIVITIES. THE MUSEUM'S POLICY REQUIRES PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO BE USED ONLY FOR ACQUISITION OF ADDITIONAL ITEMS FOR COLLECTIONS OR FOR THE DIRECT CARE OF COLLECTIONS. PART V, LINE 4 THE GENERAL FUND HAS BEEN ESTABLISHED TO SUPPORT AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE MUSEUM. THE BOATSHOP FUND HAS BEEN ESTABLISHED TO SUPPORT THE BOATSHOP ALSO KNOWN AS THE WORKSHOP ON THE WATER. PART X, LINE 2 MANAGEMENT OF THE MUSEUM CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR UPON EXAMINATION BY TAX AUTHORITIES, INCLUDING CHANGES TO THE MUSEUM'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE MUSEUM MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO TAXABLE INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. SEAPORT SPRING SHOWCASE EVENT 29705 7145 22560 6519 750 4000 PHILLY MAKERFARE 5000 5000 135 34705 7145 27560 6519 750 4135 11404 16156 1 JOHN JAMES AUDUBON CENTER 1201 PAWLINGS RD AUDUBON PA 19403 131624102 9040 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM THE CENTER FOR AQUATIC SCIENCES INC 1 RIVERSIDE DRIVE CAMDEN NJ 08103 521647018 71903 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM D&R GREENWAY LAND TRUST INC ONE PRESERVATION PLACE PRINCETON NJ 08540 223035836 25270 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM NEW JERSEY CONSERVATION FOUNDATION 170 LONGVIEW RD FAR HILLS NJ 07931 226065456 6320 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM THE SCHUYKILL CENTER FOR ENVIRONMENTAL EDUCATION 8480 HAGYS MILL RD PHILADELPHIA PA 19128 231654975 7780 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM BAYSHORE CENTER AT BIVALVE 2800 HIGH ST PORT NORRIS NJ 08349 223019683 6250 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM 6 0 X 0 0 0 0 0 0 0 0 0 JOHN BRADY PRESIDENT & CEO 150000 0 0 0 0 0 12000 0 7549 0 169549 0 0 0 X 1 963781 FAIR MARKET VALUE 0 1 0 FORM 990, PART I, LINE I ADMIRAL DEWEY'S FLAGSHIP AT THE BATTLE OF MANILA BAY, AND WORLD WAR II SUBMARINE BECUNA. THE MUSEUM IS THE PREMIER, YEAR-ROUND, FAMILY-FRIENDLY DESTINATION THAT HAS BECOME A KEY COMPONENT OF PHILADELPHIA'S WATERFRONT RENAISSANCE ON PENN'S LANDING. FORM 990, PART III, LINE 1 ADMIRAL DEWEY'S FLAGSHIP AT THE BATTLE OF MANILA BAY, AND WORLD WAR II SUBMARINE BECUNA. THE MUSEUM IS THE PREMIER, YEAR-ROUND, FAMILY-FRIENDLY DESTINATION THAT HAS BECOME A KEY COMPONENT OF PHILADELPHIA'S WATERFRONT RENAISSANCE ON PENN'S LANDING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES AN ELECTRONIC COPY OF A DRAFT OF FORM 990 FOR REVIEW BY ITS AUDIT AND FINANCE COMMITTEE. A MEETING IS THEN HELD, IF NECESSARY, TO DISCUSS ANY ISSUES OR QUESTIONS WITH THE DRAFT RETURN. ONCE ALL ISSUES HAVE BEEN RESOLVED, THE AUDIT AND FINANCE COMMITTEE APPROVES THE FINAL FORM 990 FOR FILING. THE ORGANIZATION DISTRIBUTES AN ELECTRONIC COPY OF A DRAFT OF FORM 990 TO THE FULL BOARD FOR REVIEW AND APPROVAL FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS OF THE ORGANIZATION ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS ANNUALLY. ANY CONFLICTS WOULD BE BROUGHT TO THE ATTENTION OF THE BOARD OF PORT WARDENS AND A DECISION MADE AS TO WHETHER THE CONFLICT INTERFERES WITH HIS/HER DUTIES. IF ALLOWED TO REMAIN THEY WOULD BE INELIGIBLE TO BE INVOLVED IN THE DECISION MAKING OR VOTING PROCESS THAT INVOLVES THE CONFLICT. DURING 2018, ALL INDIVIDUALS COMPLETED THE REQUIRED FORMS ON A TIMELY BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF PORT WARDENS APPROVES THE SALARIES OF THE PRESIDENT AND KEY EMPLOYEES THROUGH THE BUDGET PROCESS. THE ORGANIZATION USES COMPARATIVE DATA FROM OUTSIDE SOURCES TO ALSO COMPARE THEIR SALARIES TO INDUSTRY RANGES. THIS PROCESS WAS LAST UNDERTAKEN IN 2015 FOR THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE, VIA GUIDESTAR AND CHARITY NAVIGATOR, AND UPON REQUEST. FORM 990. LINE 2C THE ORGANIZATION HAD NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS INVOLVING ITS INDEPENDENT AUDITOR DURING THE TAX YEAR FLAGSHIP OLYMPIA FOUNDATION 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 812506869 MUSEUM PA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1