Philadelphia Ship Preservation Guild
- Assets
- $1.7m
- Revenue
- $103.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 06/1973
- Data as of
- 12/2020
- EIN
- 23-7272425
Organization Overview
Philadelphia Ship Preservation Guild is located in Philadelphia, PA. The organization was established in 1973. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Philadelphia Ship Preservation Guild employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Ship Preservation Guild is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Philadelphia Ship Preservation Guild generated $103.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $285.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PSPG IS DEDICATED TO PRESERVING HISTORIC SHIPS TEACHING SEAMANSHIP RESTORATION SKILLS MARITIME SCIENCE AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHILADELPHIA SHIP PRESERVATION GUILD IS A VOLUNTEER CENTERED NON PROFIT 501C(3) CORPORATION DEDICATED TO PRESERVING HISTORIC SHIPS AND TEACHING SEAMANSHIP, RESTORATION SKILLS, MARITIME SCIENCE AND CULTURE. THE GUILD MAINTAINS AND OPERATES TWO HISTORIC VESSELS: THE TALL SHIP GAZELA BUILT IN 1901 AND THE TUGBOAT JUPITER BUILT IN 1902. IN 2020 EVENTS AND EDUCATION PROGRAM OPPORTUNITIES WERE LIMITED DUE TO THE GLOBAL PANDEMIC. SIGNIFIGANT MAINTENANCE AND REPAIR WORK CONTINUED ON PSPG VESSELS AS CIRCUMSTANCES PERMITTED. PLANNING AND DEVELOPMENT OF THE EDUCATION PROGRAM CONTINUED IN EARNEST AS WELL AS A LONGSTANDING EFFORT TO REVAMP THE ADMINISTRATIVE CAPABILITY OF PSPG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence Gerlich Vice President | OfficerTrustee | 2 | $0 |
Melissa Black-Simmons President | OfficerTrustee | 10 | $0 |
Craig Priniski Sec Until Sept 2020 | OfficerTrustee | 5 | $0 |
Chris Straub Treas Until Sept 2020 | OfficerTrustee | 10 | $0 |
Patrick Flynn Secretary | OfficerTrustee | 15 | $0 |
Gina Pickton Treas As Of Sept 2020 | OfficerTrustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mascher Street Works Shipwright Services | 12/30/20 | $36,222 |
Marcus Brandt Restorations Expert Timber Consulting | 12/30/20 | $3,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,043 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,433 |
| Noncash contributions included in lines 1a–1f | $10,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,861 |
| Total Program Service Revenue | $0 |
| Investment income | $23,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $310 |
| Fees for services: Accounting | $3,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,461 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,975 |
| Information technology | $5,037 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,000 |
| Insurance | $33,241 |
| All other expenses | $229 |
| Total functional expenses | $285,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,493 |
| Savings and temporary cash investments | $20,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,300 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $273,018 |
| Investments—publicly traded securities | $1,367,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,381 |
| Total assets | $1,706,655 |
| Accounts payable and accrued expenses | $1,938 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,938 |
| Net assets without donor restrictions | $316,492 |
| Net assets with donor restrictions | $1,388,225 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,706,655 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia Ship Preservation Guild has recieved totaling $159.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $159 |
Endowment Analysis
| Beg. Balance | $1,267,617 |
| Earnings | $172,128 |
| Admin Expense | $12,461 |
| Other Expense | $60,000 |
| Ending Balance | $1,367,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |