Nonprofit · EIN 23-1584971
INDEPENDENCE SEAPORT MUSEUM
Tax-exempt · PHILADELPHIA, PA 19106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,311,365 | $6,426,754 | -$3,115,389 | $19,528,398 | $1,589,962 | $17,938,436 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $761,749
- of which government grants
- $111,574
- Membership dues
- $67,183
- Program service revenue
- $609,439
- Investment income
- $1,288,219
- Net rental income
- $478,923
- Net gain from sales of assets
- $691,414
- Net income from fundraising events
- $6,971
- Net income from sales of inventory
- $31,813
- Other revenue
- $651,958
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $431,253
- Other salaries and wages
- $2,415,354
- Salaries, compensation and benefits (total)
- $3,465,745
- Professional fundraising fees
- $0
- Legal fees
- $331,688
- Accounting fees
- $29,400
- Occupancy
- $641,425
- Travel
- $6,517
- Depreciation
- $600,276
- Program services (functional)
- $4,931,586
- Management and general (functional)
- $917,190
- Fundraising (functional)
- $577,978
Balance sheet and other
- Total assets, start of year
- $21,826,969
- Total assets, end of year
- $19,528,398
- Total liabilities, end of year
- $1,589,962
- Net assets, end of year
- $17,938,436
- Land, buildings and equipment
- $3,913,971
- Publicly traded securities
- $9,143,174
- Net assets without donor restrictions
- $17,555,399
- Net assets with donor restrictions
- $383,037
- Gross unrelated business income
- $4,103
- Gross receipts
- $6,589,513
- Employees
- 80
- Volunteers
- 22
- Year formed
- 1960
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter Seibert | CEO & President Officer | 40 | $226,226 | $17,066 |
| Michael Flynn | Executive VP and COO Officer | 40 | $145,121 | $13,617 |
| Michael Timothy Madeja | Director of Education Highest-paid employee | 40 | $116,679 | $9,200 |
| Jaewook Shim | Controller Highest-paid employee | 40 | $112,465 | $10,841 |
| Judy Baker | Dir. of HR & Volunteer Program Highest-paid employee | 33 | $110,288 | $6,142 |
| Margaret Ann North | Director of Development Highest-paid employee | 40 | $100,648 | $10,730 |
| Peter Ernst | Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Courtney Disston | Vice-Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Thomas G Ashton | Vice-Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| James T Giles | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Kenneth Wood | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| John C Devereux | Director Trustee or director | 0.5 | $0 | $0 |
| George A Donnelly Esq | Director Trustee or director | 0.5 | $0 | $0 |
| Deborah Gibbons-Neff | Director Trustee or director | 0.5 | $0 | $0 |
| Brett E J Gorman | Director Trustee or director | 0.5 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert T Healey Jr | Director Trustee or director | 0.5 | $0 |
| Scott G Huston | Director Trustee or director | 0.5 | $0 |
| Erik C Klein | Director Trustee or director | 0.5 | $0 |
| Joseph B Lockley | Director Trustee or director | 0.5 | $0 |
| Tim McGrath | Director Trustee or director | 0.5 | $0 |
| WILLIAM F MOEN JR | Director Trustee or director | 0.5 | $0 |
| Joanne Phillips Esq | Director Trustee or director | 0.5 | $0 |
| Hon Judge Annette Rizzo | Director Trustee or director | 0.5 | $0 |
| John P Ventura | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 211 S COLUMBUS BLVD, PHILADELPHIA, PA 19106-3101
- In care of
- % MICHAEL FLYNN
- Principal officer (990 for 2024)
- JOHN VENTURA, 211 S COLUMBUS BLVD, PHILADELPHIA, PA 19106
- Signed the 990
- JOHN VENTURA, TREASURER
- Phone
- (215) 413-8655
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
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
Program accomplishments
- 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.Expenses $4,931,586 · revenue $609,439
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1584971
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $19,528,398
- Income (IRS master file)
- $6,589,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,050,797 | $5,133,522 | $21,290,179 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $3,083,203 | $4,759,833 | $22,539,825 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about INDEPENDENCE SEAPORT MUSEUM
- What is the EIN of INDEPENDENCE SEAPORT MUSEUM?
- The employer identification number (EIN) of INDEPENDENCE SEAPORT MUSEUM is 23-1584971.
- Is INDEPENDENCE SEAPORT MUSEUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to INDEPENDENCE SEAPORT MUSEUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE SEAPORT MUSEUM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENCE SEAPORT MUSEUM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE SEAPORT MUSEUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENCE SEAPORT MUSEUM?
- The 990 for the year ended June 30, 2025 names JOHN VENTURA.
- Who are the officers and directors of INDEPENDENCE SEAPORT MUSEUM?
- The 990 for the year ended June 30, 2025 lists 24 people; 6 received compensation from the organization, the highest $226,226 (Peter Seibert, CEO & President).
- How much revenue does INDEPENDENCE SEAPORT MUSEUM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,311,365, expenses of $6,426,754 and total assets of $19,528,398 at year end.
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