2025-11-17T15:18:37-06:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 132596500 SEAPORT MUSEUM NEW YORK SEAP 2127488600 12 FULTON STREET NEW YORK NY 10038 DAVID SHEEHAN TREASURER 2127488600 2025-11-14 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z SOUTH STREET SEAPORT MUSEUM DAVID SHEEHAN 12 FULTON STREET NEW YORK NY 10038 8813017 0 X SOUTHSTREETSEAPORTMUSEUM.ORG X 1967 NY SEE SCHEDULE O. 8 8 84 8 0 0 4701767 6259614 309230 316141 61303 -3529 1399216 1388892 6471516 7961118 0 0 0 0 3282230 3493484 0 0 490916 2023468 2330993 5305698 5824477 1165818 2136641 26894548 28606610 3683945 3209784 23210603 25396826 X SEE SCHEDULE O. 0 0 2299186 89943 SCHOOL AND PUBLIC EVENTSTHE SEAPORT MUSEUM WELCOMED OVER 84,936 VISITORS IN 2024. OVER 200 FREE PUBLIC PROGRAMS ENGAGED 27,408 INDIVIDUALS IN CONVERSATIONS, WORKSHOPS, AND CULTURAL EXPERIENCES. HIGHLIGHTS IN 2024 INCLUDED A COLLABORATION WITH NY CHINESE CULTURAL CENTER ON A LUNAR NEW YEAR CELEBRATION; A SERIES OF SITE-SPECIFIC PERFORMANCES THROUGHOUT THE SSSM CAMPUS AS A PART OF THE RIVER TO RIVER FESTIVAL; AN INSTALLATION OF CLIMATE THEMED PUBLIC ART, AS A PART OF CITY OF WATER DAY; A MONTHLY SEA SHANTY MORE HANDS-ON FAMILY ACTIVITIES, SPECIAL CULTURAL EVENTS, AND MORE. SCHOOL-AGE FIELD TRIPS CONTINUED THROUGHOUT 2024, WELCOMING 5,810 K-12 STUDENTS AND THEIR EDUCATORS TO FIELD TRIPS DOCKSIDE ON PIER 16 AND IN THE HISTORIC DISTRICT. 904496 158244 MARINE OPERATIONSFOUR HISTORIC VESSELS WERE VISITED BY 35,209 INDIVIDUALS, WHO EXPLORED PERMANENTLY MOORED VESSELS 1885 CARGO SHIP WAVERTREE AND 1908 LIGHTSHIP AMBROSE AND SAILED IN NYC'S EAST RIVER ABOARD 1885 SCHOONER PIONEER AND 1930 TUGBOAT W.O. DECKER. 357525 150449 MUSEUM SHOPAT THE 19TH CENTURY RECREATED PRINT SHOP BOWNE & CO. STATIONERS, MASTER PRINTERS OFFERED PRINTING DEMONSTRATIONS AND WORKSHOPS FOR 20,683 VISITORS. 444704 CURATORIAL19,753 VISITORS WERE WELCOMED AT INDOOR EXHIBITIONS AT SCHERMERHORN ROW, WHICH IN 2024 INCLUDED "SOUTH STREET AND THE RISE OF NEW YORK; AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914." AT THE 19TH CENTURY RECREATED PRINT SHOP BOWNE & CO. STATIONERS, MASTER PRINTERS OFFERED PRINTING DEMONSTRATIONS AND WORKSHOPS FOR 20,683 VISITORS.EXHIBITIONS:19,753 VISITORS WERE WELCOMED AT INDOOR EXHIBITIONS AT SCHERMERHORN ROW, WHICH IN 2024 INCLUDED "SOUTH STREET AND THE RISE OF NEW YORK; AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914." 444704 4005911 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 27 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X JONATHAN BOULWARE PRESIDENT & CEO 2127488600 12 FULTON STREET NEW YORK NY 10038 CHRISTIANA HUUS CHAIR 1.00 X X 0 0 0 DAVID SHEEHAN TREASURER 1.00 X X 0 0 0 BEVIN SAVAGE-YAMAZAKI SECRETARY 1.00 X X 0 0 0 CRAIG PAGE BOARD MEMBER 1.00 X 0 0 0 CATHERINE MCVAY HUGHES BOARD MEMBER 1.00 X 0 0 0 ERNEST TOLLERSON BOARD MEMBER 1.00 X 0 0 0 CYRUS GENTRY BOARD MEMBER 1.00 X 0 0 0 BJJONES BOARD MEMBER 1.00 X 0 0 0 JONATHAN BOULWARE PRESIDENT & CEO 40.00 X 219628 0 43481 MEG FELLERATH CHIEF OPERATING OFFICER 40.00 X 129459 0 32575 ANNA FRENKEL VICE PRESIDENT OF EXTERNAL 40.00 X 107901 0 12243 456988 0 88299 3 0 1 0 0 30995 2751733 3476886 6259614 ADMISSIONS 713990 243827 243827 EDUCATION 713990 72314 72314 316141 71237 71237 1319763 0 1319763 1319763 1319763 678184 752950 -74766 -74766 -74766 150449 98949 51500 51500 OTHER 713990 17629 17629 17629 7961118 367641 0 1333863 263108 191759 44256 27093 2479001 1806749 416981 255271 174918 127484 29422 18012 371796 270973 62539 38284 204661 149161 34425 21075 114496 13678 100818 244005 29150 214855 4199 2089 1715 395 317084 157725 129518 29841 66744 33200 27263 6281 31059 31059 17740 8824 7246 1670 10235 5091 4181 963 931110 744888 111733 74489 385399 271774 96253 17372 SUPPLIES AND MAINTENANC 152331 136775 15386 170 MISCELLANEOUS 56591 56591 5824477 4005911 1327650 490916 888856 1232787 548547 1081710 112012 46797 133058 132461 37993348 13676648 23248136 24316700 1847038 1796155 116901 26894548 28606610 1390567 1345462 55789 1943735 1533283 349643 275250 3683945 3209784 X 21425842 23289464 1784761 2107362 23210603 25396826 26894548 28606610 2136641 105290 -55708 0 X 0 1 X 1 0 X 4227945 2872508 10660665 4701767 6259614 28722499 4227945 2872508 10660665 4701767 6259614 28722499 5231803 23490696 391691 571512 1164359 1370939 1391000 4889501 777 6693 83192 2074 17629 110365 33722365 1054986 0.69660 0.68170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2020 AMOUNT: $ 777. 2021 AMOUNT: $ 6,693. 2022 AMOUNT: $ 83,192. 2023 AMOUNT: $ 2,074. 2024 AMOUNT: $ 17,629. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 1432561 12500 4498 1449559 1396423 16500 19638 1432561 1454096 -107673 1346423 1413074 41022 1454096 1383851 29223 1413074 1.00000 0 0 37226352 13301835 23924517 388984 367013 21971 378012 7800 370212 24316700 SECURITY DEPOSITS 50500 INSURANCE REFUND PAYABLE 224750 275250 PART III, LINE 1A: THE MUSEUM'S SHIPS AND ANTIQUITIES AND RELATED IMPROVEMENTS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS, ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PURCHASES AND IMPROVEMENTS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE PURCHASES OR IMPROVEMENTS ARE MADE, OR AS TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED SHIPS AND ANTIQUITIES ARE NOT REFLECTED ON THE CONSOLIDATED FINANCIAL STATEMENTS. DETAILED INVENTORY RECORDS, HOWEVER, ARE MAINTAINED FOR THE SHIPS AND ANTIQUITIES AND IMPROVEMENTS. THE VALUE OF THE SHIPS AND ANTIQUITIES IS NOT READILY DETERMINABLE AND THE MUSEUM IS NOT FULLY INSURED FOR THE COST OF THEIR REPLACEMENT. PART III, LINE 4: THE SEAPORT MUSEUM OF NEW YORK'S COLLECTIONS TRACE THE HISTORY OF THE SEAPORT THROUGHOUT NEW YORK CITY, FROM THE EAST RIVER PIERS AND THE WATERFRONT AREAS OF MANHATTAN TO THE CITY'S OTHER BOROUGHS AND THE NEW JERSEY SHORELINE AS IT BORDERS NEW YORK HARBOR. THE MUSEUM COLLECTS ARTIFACTS, MANUSCRIPTS, WORKS OF ART, AND OTHER RECORDS WHICH DOCUMENT THREE GENERAL AREAS: THE COMMERCE, WORK, AND PEOPLE THAT HAVE CONTRIBUTED TO THE HISTORY OF NEW YORK'S SEAPORT. THE MUSEUM EMPHASIZES ACQUIRING INTEGRAL AND PROVENANCE BODIES OF MATERIAL RATHER THAN UNDOCUMENTED INDIVIDUAL ITEMS. THE SEAPORT MUSEUM NEW YORK IS DEDICATED TO THE HISTORY OF NEW YORK'S SEAPORT AND RECOGNIZES THE DISTRICT AS ONE OF THE MOST IMPORTANT PORTS IN THE WORLD. THE MUSEUM UTILIZES ITS ASSETS {THE COLLECTIONS) TO PROVIDE A UNIQUE AND AUTHENTIC NEW YORK EXPERIENCE FOR PEOPLES OF ALL AGES, THAT TELLS THE STORY OF THE PORT'S ROLE IN THE DEVELOPMENT OF THE CITY, STATE, AND NATION AS ECONOMIC CULTURAL AND POLITICAL POWERS. PART V, LINE 4: PROCEEDS GENERATED FROM THE INVESTMENT OF ENDOWMENT FUNDS IS UTILIZED FOR THE SUPPORT AND CONTINUED ENHANCEMENT OF OUR EDUCATIONAL PROGRAMS IN RELATION TO THE PORTS OF NEW YORK, THE SEAPORT DISTRICT AND THE MUSEUM'S COLLECTION OF ART, ARTIFACTS AND HISTORIC SHIPS. 0 0 X 0 0 0 0 0 0 0 0 0 JONATHAN BOULWARE PRESIDENT & CEO 219628 0 0 0 0 0 28636 0 14845 0 263109 0 0 0 MEG FELLERATH CHIEF OPERATING OFFICER 129459 0 0 0 0 0 30500 0 2075 0 162034 0 0 0 FORM 990, PART I & PART III - LINE 1 NATURE OF ORGANIZATIONS SEAPORT MUSEUM NEW YORK, D/B/A SOUTH STREET SEAPORT MUSEUM, IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION CHARTERED BY THE STATE OF NEW YORK IN 1967 AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SOUTH STREET SEAPORT MUSEUM, LOCATED IN THE HEART OF THE SOUTH STREET SEAPORT HISTORIC DISTRICT IN NEW YORK CITY, PRESERVES AND INTERPRETS THE HISTORY OF NEW YORK AS A GREAT PORT CITY. THE SOUTH STREET SEAPORT MUSEUM HOUSES AN EXTENSIVE COLLECTION OF WORKS OF ART AND ARTIFACTS, A MARITIME REFERENCE LIBRARY, EXHIBITION GALLERIES AND EDUCATION SPACES, WORKING NINETEENTH CENTURY PRINT SHOPS, AND AN ACTIVE FLEET OF HISTORIC VESSELS THAT ALL WORK TO TELL THE STORY OF "WHERE NEW YORK BEGINS." THE SOUTH STREET SEAPORT MUSEUM OWNS 100% OF THE OUTSTANDING COMMON STOCK OF AMBROSE MANAGEMENT COMPANY, INC., A FOR-PROFIT CORPORATION, WHICH HAD NO ACTIVITY IN 2024. THE CONSOLIDATED FINANCIAL STATEMENTS OF THE SOUTH STREET SEAPORT MUSEUM INCLUDE AMBROSE MANAGEMENT COMPANY, INC., THE AFFILIATE (COLLECTIVELY, THE "MUSEUM"). DUE TO EXTENSIVE FLOODING DAMAGE FROM HURRICANE SANDY, THE MUSEUM'S MAIN GALLERIES AT 12 FULTON STREET HAVE BEEN CLOSED SINCE APRIL 7, 2013. THE MUSEUM HAS REPURPOSED THE GROUND FLOOR LOBBY AND MEZZANINE SPACES AS TEMPORARY GALLERIES AND OPENED SEVERAL NEW EXHIBITIONS, BEGINNING IN EARLY 2016. IN 2024, SOUTH STREET SEAPORT MUSEUM WELCOMED A TOTAL OF 84,936 VISITORS, VOLUNTEERS, AND STUDENTS WHO EXPERIENCED INTERACTIVE TOURS OF HISTORIC SHIPS AND BUILDINGS, THOUGHTFUL PUBLIC PROGRAMS, AND ENGAGING EDUCATION PROGRAMS. FOUR HISTORIC VESSELS WERE VISITED BY 35,209 INDIVIDUALS, WHO EXPLORED PERMANENTLY MOORED VESSELS 1885 CARGO SHIP WAVERTREE AND 1908 LIGHTSHIP AMBROSE AND SAILED IN NYC'S EAST RIVER ABOARD 1885 SCHOONER PIONEER AND 1930 TUGBOAT W.O. DECKER. 19,753 VISITORS WERE WELCOMED AT INDOOR EXHIBITIONS AT SCHERMERHORN ROW, WHICH IN 2024 INCLUDED "SOUTH STREET AND THE RISE OF NEW YORK; AND "MILLIONS: MIGRANTS AND MILLIONAIRES ABOARD THE GREAT LINERS, 1900-1914." AT THE 19TH CENTURY RECREATED PRINT SHOP BOWNE & CO. STATIONERS, MASTER PRINTERS OFFERED PRINTING DEMONSTRATIONS AND WORKSHOPS FOR 20,683 VISITORS. OVER 200 FREE PUBLIC PROGRAMS ENGAGED 27,408 INDIVIDUALS IN CONVERSATIONS, WORKSHOPS, AND CULTURAL EXPERIENCES. HIGHLIGHTS IN 2024 INCLUDED A COLLABORATION WITH NY CHINESE CULTURAL CENTER ON A LUNAR NEW YEAR CELEBRATION; A SERIES OF SITE-SPECIFIC PERFORMANCES THROUGHOUT THE SSSM CAMPUS AS A PART OF THE RIVER TO RIVER FESTIVAL; AN INSTALLATION OF CLIMATE THEMED PUBLIC ART, AS A PART OF CITY OF WATER DAY; A MONTHLY SEA SHANTY MORE HANDS-ON FAMILY ACTIVITIES, SPECIAL CULTURAL EVENTS, AND MORE. SCHOOL-AGE FIELD TRIPS CONTINUED THROUGHOUT 2024, WELCOMING 5,810 K-12 STUDENTS AND THEIR EDUCATORS TO FIELD TRIPS DOCKSIDE ON PIER 16 AND IN THE HISTORIC DISTRICT. THE MUSEUM'S PRIMARY SOURCES OF SUPPORT ARE FROM CONTRIBUTIONS, GRANTS AND REVENUE DERIVED FROM ADMISSIONS AND RENTALS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE EMAILED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM HAS A CONFLICT OF INTEREST POLICY WHICH IS SIGNED BY BOARD MEMBERS. BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS TO THE PRESIDENTS OF THE MUSEUM OR CHAIRMAN OF THE BOARD. THE PRESIDENT AND CHAIRMAN REVIEW ANY POTENTIAL CONFLICTS. IF THERE IS A CONFLICT, THE BOARD MEMBER OR EMPLOYEE WILL BE REMOVED FROM THE DECISION-MAKING PROCESS INVOLVED WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BUDGET WAS REVIEWED BY THE BOARD. THE BUDGET INCLUDED COMPENSATION DATA FOR ALL SALARIED EMPLOYEES. THE BOARD APPROVED THE BUDGET INCLUDING THE PROPOSED SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AMBROSE MANAGEMENT COMPANY INC 12 FULTON STREET NEW YORK NY 10038 133753042 REAL ESTATE NY SEAPORT MUSEUM C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0