IRS 990 Nonprofit Profile

Seaport Museum New York

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.

Filing year

2024

Total revenue

$8.0M

Total expenses

$5.8M

Program expenses

$4.0M

Administration

$1.3M

Fundraising

$491K

Program share of expenses

69%

EIN

132596500

Location

New York, NY

SOUTHSTREETSEAPORTMUSEUM.ORG