2026-05-05T08:28:56-05:00 2025-06-30 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2024-07-01 231584971 Independence Seaport Museum % MICHAEL FLYNN INDE 2154138655 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 JOHN VENTURA TREASURER 2154138655 2026-04-28 true true ISRAEL TANNENBAUM P01589203 2155462140 2024 2025-03-06 01:10:19Z JOHN VENTURA 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 6589513 false X www.phillyseaport.org X 1960 PA DISCOVER PHILADELPHIA'S RIVER OF HISTORY AND WORLD OF CONNECTIONS. 18 18 80 22 4103 3103 2215665 761749 508079 609439 727542 1288219 734349 651958 4185635 3311365 0 0 0 0 3237150 3465745 0 0 577978 2445428 2961009 5682578 6426754 -1496943 -3115389 21826969 19528398 1594765 1589962 20232204 17938436 X TO DISCOVER PHILADELPHIA'S RIVER OF HISTORY AND WORLD OF CONNECTIONS. SERVING A WIDE AND DIVERSE AUDIENCE AND HOLDING ITS COLLECTIONS IN TRUST FOR THE COMMUNITY, THE MUSEUM TELLS THE STORIES OF THE PEOPLE, HISTORICAL EVENTS AND ENVIRONMENTAL CHANGES OF THE DELAWARE RIVER AND ITS TRIBUTARIES. IT LOOKS TO A BROAD REGIONAL DEFINITION OF THE RIVER TO INCLUDE BOTH PHILADELPHIA AND CAMDEN AS WELL AS PORTIONS OF THE SOUTHERN COAST OF NEW JERSEY AND THE SCHUYLKILL RIVER DRAINAGE. THE MUSEUM IS THE LEADING EDUCATIONAL ORGANIZATION IN THE REGION DEDICATED TO THE HISTORY AND CULTURE OF THE DELAWARE RIVER AND ITS ESTUARIES. WE FOCUS UPON BUILDING K-16 EDUCATIONAL PROGRAMS THAT ENGAE STUDENTS IN THE RICH HISTORY OF THIS REGION AS IT RELATES TO THE WATERWAYS IN ADDTION TO PROVIDNG STEM AND ENVIRONMENTAL EDUCATIONAL OPPORTUNITIES. OUR EDUCATIONAL MISSION IS TO BUILD AN UNDERSTANDING OF THE HISTORICAL, CULTURAL, AND ENVIRONMENTAL IMPORTANCE OF THE DELAWARE RIVER WATERSHED. THE MUSEUM RETAINS A NATIONA false false 4931586 0 609439 THE INDEPENDENCE SEAPORT MUSEUM HOSTED A WIDE RANGE OF PROGRAMS, EVENTS, AND ACTIVITIES. STAFF UNDERTOOK THE FIRST OF NUMEROUS CHANGES TO UPGRADE EXISTING EXHIBITIONS AND PROGRAMS INCLUDING THE NEW SHIP MODEL GALLERY, INTEGRATION OF ITS HISTORIC BOAT COLLECTION INTO ITS EXISTING EXHIBITIONS, AND ENVIRONMENTAL UPGRADES TO THE FACILITIES. THE MUSEUM CONTINUES TO OFFER ITS AWARD-WINNING INSTALLATION "RIVER ALIVE" AS WELL AS THE EXTREMELY POPULAR EXHIBITION "TIDES OF FREEDOM". THE FORMER FOCUSES UPON THE DELAWARE RIVER AND ITS ENVIRONMENT WHILE THE LATTER CLOSELY EXAMINES THE ROLE OF AFRICAN-AMERICANS ALONG THE RIVER. IN ADDITION, THE MUSEUM OPERATES THE CRUISER OLYMPIA AND SUBMARINE BECUNA FOR THE PUBLIC. FINALLY, THE MUSEUM PROVIDES EXTENSIVE ON THE WATER EDUCATIONAL PROGRAMMING THROUGHOUT THE YEAR. 4931586 true true false true false false false true false true true true false false false true true true false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 56 0 true 80 true true true false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true true true PA X X MICHAEL FLYNN 2154138655 211 S COLUMBUS BLVD PHILADELPHIA PA 19106 X Peter Seibert CEO & President 40.0 0.0 X 226226 0 17066 Michael Flynn Executive VP and COO 40.0 0.0 X 145121 0 13617 Michael Timothy Madeja Director of Education 40.0 0.0 X 116679 0 9200 Jaewook Shim Controller 40.0 0.0 X 112465 0 10841 Judy Baker Dir. of HR & Volunteer Program 33.0 0.0 X 110288 0 6142 Margaret Ann North Director of Development 40.0 0.0 X 100648 0 10730 Peter Ernst Chair 0.5 0.0 X X 0 0 0 Courtney Disston Vice-Chair 0.5 0.0 X X 0 0 0 Thomas G Ashton Vice-Chair 0.5 0.0 X X 0 0 0 James T Giles Secretary 0.5 0.0 X X 0 0 0 Kenneth Wood Treasurer 0.5 0.0 X X 0 0 0 John C Devereux Director 0.5 0.0 X 0 0 0 George A Donnelly Esq Director 0.5 0.0 X 0 0 0 Deborah Gibbons-Neff Director 0.5 0.0 X 0 0 0 Brett E J Gorman Director 0.5 0.0 X 0 0 0 Robert T Healey Jr Director 0.5 0.0 X 0 0 0 Scott G Huston Director 0.5 0.0 X 0 0 0 Erik C Klein Director 0.5 0.0 X 0 0 0 Joseph B Lockley Director 0.5 0.0 X 0 0 0 Tim McGrath Director 0.5 0.0 X 0 0 0 WILLIAM F MOEN JR Director 0.5 0.0 X 0 0 0 Joanne Phillips Esq Director 0.5 0.0 X 0 0 0 Hon Judge Annette Rizzo Director 0.5 0.0 X 0 0 0 John P Ventura Director 0.5 0.0 X 0 0 0 811427 0 67596 6 false true false Fox Rothschild LLP 420 Montgomery Street PHILADELPHIA PA 19103 Legal Consultation 307980 3 Phase Excel Elevator LLC 1 Harmon Plaza Suite 830 SECAUCUS NJ 07094 Construction 129446 KMC Partners LLC 230 W ROSE VALLEY ROAD WALLINGFORD PA 19086 construction 104852 3 67183 15000 111574 567992 26341 761749 MUSEUM ADMISSIONS 713990 439526 439526 BOATSHOP AND DOCKS 713990 119185 119185 EDUCATIONAL PROGRAMS 713990 50728 50728 609439 596805 596805 0 0 478923 478923 0 478923 478923 3867354 3175940 691414 691414 691414 69000 15000 62029 6971 6971 0 0 0 71992 40179 31813 4103 27710 OTHER REVENUE 900099 134251 134251 134251 3311365 609439 4103 1936074 X 0 0 0 0 431253 302517 69351 59385 0 2415354 1694340 388416 332598 122975 86265 19776 16934 281385 197388 45250 38747 214778 150664 34539 29575 0 331688 298519 29852 3317 29400 26460 2646 294 0 0 93477 93477 344289 320606 18479 5204 197846 134168 14168 49510 82102 60062 21695 345 78880 71007 7098 775 0 641425 607676 33742 7 6517 584 5927 6 0 49792 28728 4605 16459 54246 54246 0 600276 591296 8980 291464 201699 64943 24822 PROGRAM SUPPLIES & MATERIALS 121667 121667 EXHIBIT MAINTENANCE 37940 37940 6426754 4931586 917190 577978 378069 69881 98911 40375 48633 99883 115653 95837 0 0 0 0 0 0 58389 92383 197516 93214 27486346 23572375 4113846 3913971 11681126 9143174 4973213 5803691 0 0 0 0 161613 175989 21826969 19528398 828129 478346 0 0 105426 86324 0 0 0 0 0 0 661210 1025292 0 0 0 0 1594765 1589962 X 19887694 17555399 344510 383037 20232204 17938436 21826969 19528398 X -3115389 812644 8977 X false true X true false X 1305107 1280481 873479 2215665 761749 6436481 0 0 1305107 1280481 873479 2215665 761749 6436481 0 6436481 722413 1165127 1338811 1255229 1075728 5557308 56486 8911 15708 19384 38784 139273 67659 33418 46410 64091 134251 345829 12478891 2573159 0.51579 0.51414 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 55000 false false 55000 false 0 SCHEDULE C, PART II-B, LINE 1G PAYMENTS TO THE DEZZI GROUP, LTD TO SERVE AS AN INFORMATION RESOURCE FOR THE MUSEUM IN BUILDING AND SUSTAINING RELATIONSHIPS WITH GOVERNMENT AND COMMUNITY ORGANIZATIONS WITHIN THE PHILADELPHIA METRO REGION AND THE COMMONWEALTH OF PENNSYLVANIA. THIS WILL INCLUDE OUTREACH TO VARIOUS OPERATING DEPARTMENTS OF THE CITY, STATE, AND FEDERAL LEVEL IN NAVIGATING THE ADVERSE CONDITIOINS POTENTIALLY CAUSED BY THE PROPOSED WATERFRONT CONSTRUCTION INCUDING THE CAPPING OF INTERSTATE 95 AND TO FACILIATE INTRODUCTIONS AND MEETINGS WITH MEMBERS OF THE PHILADELPHIA CITY COUNCIL, MEMBERS OF THE PENNSYLVANIA GENERAL ASSEMBLY, MEMBERS OF THE ADMINISTRATIOIN AND VARIOUS STAKEHOLDER ORGANIZATIONS AND COMPANIES WITHIN THE REGION. X X X false 16753344 2007773 3773877 14987240 17076062 500102 1954265 2777085 16753344 18169081 1594349 2687368 17076062 23103305 -2593878 2340346 18169081 18903674 5635231 1435600 23103305 1.00000 false false 18242284 16231088 2011196 1190407 1069902 120505 8053654 6271384 1782270 3913971 LIMITED PARTNERSHIP 5803691 F 5803691 0 0 X 4106937 812644 14376 827020 3279917 93477 -62029 31448 3311365 6395306 62029 62029 6333277 93477 93477 6426754 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 THOUGH DONATION, ARE NOT RECOGNIZED OR CAPITALIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PART V, LINE 4: THE GENERAL FUND HAS BEEN ESTABLISHED BY THE MUSEUM FOR THE INCOME TO SUPPORT AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE MUSEUM. THE BOATSHOP FUND HAS BEEN ESTABLISHED BY THE MUSEUM FOR THE INCOME TO SUPPORT THE BOAT WORKSHOP. PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE MUSEUM BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY $14,376 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -$62,029 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES $62,029 COCKTAILS 84000 15000 69000 56199 5830 0 84000 15000 69000 56199 5830 62029 6971 X X false false false false false false false false false Peter Seibert CEO & President 216226 0 10000 0 0 0 11003 0 6063 0 243292 0 0 0 Michael Flynn Executive VP and COO 145121 0 0 0 0 0 6579 0 7038 0 158738 0 0 0 X 3 26341 FMV false false false FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF FORM 990 TO THE AUDIT AND FINANCE COMMITTEES OF THE BOARD OF PORT WARDENS. THE COMMITTEES REVIEW THE DRAFT AND THEN FORMALLY RECOMMEND APPROVAL TO THE FULL BOARD OF PORT WARDENS. EACH MEMBER OF THE BOARD OF PORT WARDENS IS THEN SENT A COPY OF THE FORM 990 ALONG WITH THE RECOMMENDATION OF THE AUDIT AND FINANCE COMMITTEES. THE BOARD THEN APPROVES FILING OF THE FORM 990 IN A RECORDED MOTION. 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 2023, ALL MEMBERS OF THE BOARD OF PORT WARDENS COMPLETED THE REQUIRED CONFLICT OF INTEREST STATEMENT IN A TIMELY BASIS. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF PORT WARDENS ESTABLISHED COMPENSATION LEVELS FOR THE PRESIDENT AND CEO ALONG WITH THE SENIOR MANAGEMENT TEAM THROUGH THE ANNUAL BUDGET PROCESS. THE ORGANIZATION USED COMPARATIVE DATE FROM OUTSIDE SOURCES TO COMPARE THEIR SALARIES TO INDUSTRY RANGES. IN JANUARY 2022, THE BOARD OF PORT WARDENS COMPLETED A REVIEW OF COMPENSATION LEVELS AS PART OF THE RETENTION OF A NEW PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART X, LINES 11 & 12: THE BEGINNING OF YEAR VALUES FOR PUBLICLY TRADED SECURITIES AMOUNT FOR INVESTMENTS IN PARTNERSHIP WAS SEGREGATED OUT FOR PRESENTATION PURPOSES TO CONFORM WITH THE LINES REFLECTED FOR END OF YEAR. NO EFFECT TO THE TOTAL ASSETS FROM PRIOR YEAR OCCURRED. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICY OF 14,376 PRIOR YEAR NET ASSETS FILED 990 TO ISSUED FINANCIALS (5,399) FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAD NOT CHANGED ITS OVERSIGHT INVOLVING ITS INDEPENDENT AUDITOR. THE ORGANIZATION IMPLEMENTED A NEW SELECTION PROCESS AND CHANGED ITS INDEPENDENT AUDITOR DURING THE TAX YEAR.