2019-05-15T16:17:40-05:00 2018-06-30 111986323 MARCUM LLP 1601 MARKET STREET 4TH FLOOR PHILADELPHIA PA 19103 990 2017-07-01 231584971 INDEPENDENCE SEAPORT MUSEUM INDE 2154138655 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 WILLIAM LANE VICE CHAIR & TREASURER 2154138655 2019-05-15 1 THOMAS MCGLONE P00029799 2152972100 47.19.127.190 2019-05-15 15:25:19 ED P 7B6ABBD64680A3350BF2E866EEC4D2BCDB15683A 8D3F5ACD23ACACA2F0E409AC7F0EFBDA2CD67F0E 2017 2019-02-21 02:37:17Z JOHN BRADY 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 6802713 0 X WWW.PHILLYSEAPORT.ORG X 1960 PA INDEPENDENCE SEAPORT MUSEUM DEEPENS THE APPRECIATION, UNDERSTANDING AND EXPERIENCE OF THE PHILADELPHIA REGION'S WATERWAYS. WE USE EXHIBITIONS AND PROGRAMS TO CONNECT OUR COMMUNITY AND VISITORS TO OUR RIVERS AND WATERSHEDS THROUGH HISTORY, SCIENCE AND ART. THE MUSEUM IS THE PREMIER, YEAR-ROUND, FAMILY FRIENDLY DESTINATION ON THE PENN'S LANDING WATERFRONT. VISITORS CAN DISCOVER THE HISTORY OF THE US NAVY AS THEY CLIMB ABOARD LIFE-SIZED MODEL SCHOONER DILIGENCE AND NATIONAL HISTORIC LANDMARK SHIPS CRUISER OLYMPIA AND SUBMARINE BECUNA. ENJOY THE DELAWARE RIVER WITH SEASONAL BOAT RENTALS. EXPERIENCE LIVE DEMONSTRATIONS IN THE BOAT BUILDING WORKSHOP AND CITIZEN SCIENCE LAB. EXPLORE ONE OF THE LARGEST MARITIME ART AND ARTIFACT COLLECTIONS IN NORTH AMERICA, DOCUMENTING LOCAL AND REGIONAL HISTORY, INCLUDING THE PORT OF PHILADELPHIA. THE SEAPORT MUSEUM WAS FOUNDED IN 1960 AS THE PHILADELPHIA MARITIME MUSEUM AND HAS BECOME A KEY COMPONENT OF PHILADELPHIA'S WATER FRONT RENAISSANCE. 24 23 92 65 6519 -4160 311522 4464583 385803 969860 442344 784844 111527 423493 1251196 6642780 0 306415 0 0 1354415 2890259 0 0 376950 2117803 2802689 3472218 5999363 -2221022 643417 27820443 30769296 2212360 2862111 25608083 27907185 X INDEPENDENCE SEAPORT MUSEUM DEEPENS THE APPRECIATION, UNDERSTANDING AND EXPERIENCE OF THE PHILADELPHIA REGION'S WATERWAYS. WE USE EXHIBITIONS AND PROGRAMS TO CONNECT OUR COMMUNITY AND VISITORS TO OUR RIVERS AND WATERSHEDS THROUGH HISTORY, SCIENCE AND ART. THE MUSEUM IS THE PREMIER, YEAR-ROUND, FAMILY FRIENDLY DESTINATION ON THE PENN'S LANDING WATERFRONT. VISITORS CAN DISCOVER THE HISTORY OF THE US NAVY AS THEY CLIMB ABOARD LIFE-SIZED MODEL SCHOONER DILIGENCE AND NATIONAL HISTORIC LANDMARK SHIPS CRUISER OLYMPIA AND SUBMARINE BECUNA. ENJOY THE DELAWARE RIVER WITH SEASONAL BOAT RENTALS. EXPERIENCE LIVE DEMONSTRATIONS IN THE BOAT BUILDING WORKSHOP AND CITIZEN SCIENCE LAB. EXPLORE ONE OF THE LARGEST MARITIME ART AND ARTIFACT COLLECTIONS IN NORTH AMERICA, DOCUMENTING LOCAL AND REGIONAL HISTORY, INCLUDING THE PORT OF PHILADELPHIA. THE SEAPORT MUSEUM WAS FOUNDED IN 1960 AS THE PHILADELPHIA MARITIME MUSEUM AND HAS BECOME A KEY COMPONENT OF PHILADELPHIA'S WATER FRONT RENAISSANCE. 0 0 4905839 306415 969860 THE MUSEUM'S THREE LARGEST PROGRAM SERVICE AREAS BY EXPENSES WERE THE HISTORIC SHIPS, CRUISER OLYMPIA AND SUBMARINE BECUNA; CURATORIAL, INCLUDING THE GALLERIES, COLLECTION AND ARCHIVAL MATERIALS; AND EDUCATIONAL PROGRAMMING. SIGNIFICANT ACHIEVEMENTS INCLUDED THE PRESERVATION OF OVER 41 LINEAR FEET OF THE HULL AT CRITICAL WATERLINE AREAS AND CONTINUED RESTORATION OF THE DECKS ON OLYMPIA; ONGOING CONSTRUCTION IN OUR GALLERIES OF A FULL-SCALE, WATERLINE MODEL OF THE 1790S SCHOONER DILIGENCE; SUCCESSFUL OPENINGS OF THE EXHIBITS, "HELLO SAILOR: THE SAILOR ICON IN POP CULTURE;" "PATRIOTS & PIRATES: THE FOUNDING STORY OF THE US NAVY; AND BOATS BUILT AND LAUNCHED BY THE STUDENTS IN OUR STEAM EDUCATION PROGRAMS SCIENCE AND ART INNOVATIVE LEARNING ON THE RIVER (SAILOR), AND SEAPERCH AND MATE. WELL-ATTENDED PUBLIC PROGRAMS INCLUDED LUNAR NEW YEAR AND PARADE OF LIGHTS. THE MUSEUM IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. OVER 110,000 PEOPLE VISITED THE MUSEUM IN FY 2018, INCLUDING 11,000 STUDENTS WHO TOOK PART IN OUR EDUCATIONAL PROGRAMS. THE MUSEUM PROVIDED NEARLY 19,000 PEOPLE WITH SAFE AND FUN ON-WATER EXPERIENCES THROUGH THE PADDLE PENN'S LANDING BOAT LIVERY, WHICH RAN FROM MEMORIAL DAY THROUGH LABOR DAY. 4905839 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 92 1 1 1 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA 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 STEPHEN J DRISCOLL 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 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 20104 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 WILLIAM L GAUNT DIRECTOR 0.50 X 0 0 0 STAN SWITLIK DIRECTOR 0.50 X 0 0 0 150000 0 20104 1 0 1 0 0 54515 2175 153625 4254268 4464583 MUSEUM ADMISSIONS 713990 507174 507174 BOAT WORKSHOP 900099 276327 276327 EDUCATION & OTHER 900099 167874 167874 CURATORIAL INCOME 900099 18485 18485 969860 784844 784844 325155 26600 298555 298555 298555 175575 2175 57156 118419 118419 82696 76177 6519 6519 6642780 969860 6519 1201818 306415 306415 149999 114688 20446 14865 1986059 1518519 270715 196825 117149 92520 11865 12764 467661 369342 47364 50955 169391 129515 23089 16787 4499 3767 640 92 24257 20307 3452 498 54220 45392 7716 1112 125063 125063 202108 169199 28763 4146 159205 148700 2778 7727 225517 174087 32862 18568 529838 473807 38724 17307 41802 41802 746733 677214 48738 20781 91994 85487 4043 2464 MUSEUM EVENTS 240737 232488 0 8249 PROGRAM SUPPLIES & MATE 236326 234285 2041 0 STAFF DEVELOPMENT 66190 55907 6473 3810 EXHIBIT MAINTENANCE 54200 54200 0 0 5999363 4905839 716574 376950 -183978 1271311 69878 1176062 1125253 82707 55188 13287 79363 10091 23418561 17983885 3127258 5434676 23471731 22696704 75750 84458 27820443 30769296 461028 1140764 52276 39375 1258556 1278472 440500 403500 2212360 2862111 X 0 0 0 0 0 0 25608083 27907185 27820443 30769296 643417 1176889 478796 0 X X 0 1 X 1 0 X 1967601 7349419 2883741 331522 4464583 16996866 1967601 7349419 2883741 331522 4464583 16996866 11511295 5485571 177757 735900 741806 204973 784844 2645280 -33500 -18110 55954 8540 6519 19403 19661549 0.27900 0.35670 X X X X 0 23516495 784860 1051826 1508548 23844633 22802849 245583 1541317 1073254 23516495 22583077 266340 2454771 2501339 22802849 9889704 13657814 632378 1596819 22583077 10269087 512222 533420 1425025 9889704 0 0 16282161 13922188 2359973 30576 30576 0 7105824 4031121 3074703 5434676 DEFERRED RENT OBLIGATION 403500 403500 X 7873554 1176889 53885 1230774 6642780 0 6642780 6090761 91398 91398 5999363 0 5999363 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: $7,414 EXPENSES PERTAINING TO UNRELATED BUSINESS INCOME: $46,471 TOTAL TO SCHEDULE D, PART XI, LINE 2D: $53,885 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM FLAGSHIP OLYMPIA REPORTED ON SEPARATE 990: $44,927 EXPENSES PERTAINING TO UNRELATED BUSINESS INCOME: $46,471 TOTAL SCHEDULE D, PART XII, LINE 2D: $91,398 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. 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. SAIL PHILLY 122475 725 121750 23371 8100 13482 FANFARE 55275 1450 53825 7189 2000 3014 177750 2175 175575 30560 10100 16496 57156 118419 0 JOHN JAMES AUDUBON CENTER 1201 PAWLINGS RD AUDUBON PA 19403 131624102 6480 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM BERKS NATURE 575 SAINT BERNARDINE ST READING PA 19607 231966295 10640 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM CAMDEN CITY GARDEN CLUB INC 3 RIVERSIDE DRIVE CAMDEN NJ 08103 222870647 6320 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM THE CENTER FOR AQUATIC SCIENCES INC 1 RIVERSIDE DRIVE CAMDEN NJ 08103 521647018 141399 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM COUNTY OF MERCER 640 SOUTH BROAD STREET 3RD FLOOR TRENTON NJ 08650 150742287 7500 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM D&R GREENWAY LAND TRUST INC ONE PRESERVATION PLACE PRINCETON NJ 08540 223035836 26230 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM DELAWARE NATURE SOCIETY INC PO BOX 700 HOCKESSIN DE 19707 516018321 6160 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM FRIENDS OF THE HEINZ WILDLIFE REFUGE AT TINICUM 8601 LINBERGH BLVD PHILADELPHIA PA 19153 232889425 6320 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM HERITAGE CONSERVACNY 85 OLD DUBLIN PIKE DOYLESTOWN PA 18901 236296515 19932 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM NATIONAL AUDUBON SOCIETY INC 225 VARICK STREET 7TH FLOOR NEW YORK NY 10014 131624102 9470 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM NEW JERSEY CONSERVATION FOUNDATION 170 LONGVIEW RD FAR HILLS NJ 07931 226065456 10640 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM STATE OF NEW JERSEY - NEW JERSEY NATURAL LANDS TRUST 501 E STATE ST PO BOX 420 MAIL CODE 501-04 TRENTON NJ 086250420 222631409 6320 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM POCONO ENVIRONMENTAL EDUCATION CENTER 538 EMERY RD DINGMANS FERRY PA 18328 232424742 13729 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM THE SCHUYKILL CENTER FOR ENVIRONMENTAL EDUCATION 8480 HAGYS MILL RD PHILADELPHIA PA 19128 231654975 8795 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM TOOKANY TACONY-FRANKFORD WATERSHED PARTNERSHIP 4500 WORTH STREET PHILADELPHIA PA 19124 753203091 6320 PARTICIPATION IN ALLIANCE FOR WATERSHED EDUCATION PROGRAM 15 0 0 0 0 0 0 0 0 0 0 JOHN BRADY PRESIDENT & CEO 150000 0 0 0 0 0 12000 0 8104 0 170104 0 0 0 X 1 1042425 FAIR MARKET VALUE 0 1 0 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. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND 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 2017, 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 UPON REQUEST & VIA GUIDESTAR. 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 0 0 0 1 0 0 0 0 FLAGSHIP OLYMPIA FOUNDATION O 0