Philadelphia Ship Preservation Guild EIN 23-7272425 Form 990 (PDF) Claim this org

Philadelphia Ship Preservation Guild

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Preserves historic ships, teaches seamanship, restoration, maritime science, and culture. For fiscal year 2025 it reported $216K in revenue, $266K in expenses, and $2.0M in net assets.Pt I

Founded
1978
Type
Public charity (501(c)(3)) · Nonprofit
Location
Philadelphia, PA
Website
www.philashipguild.org
Filings
6 on file (2020–2025)
Revenue
$216KFY2025
Expenses
$266K
Net assets
$2.0M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7272425 Public charity (501(c)(3)) Philadelphia, PA Founded 1978
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves historic ships, teaches seamanship, restoration, maritime science, and culture.
Leadership
Gina Pickton · Executive Director · $9K
Money in and out
$216K revenue, $266K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$216K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$50K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.11 Fundraising $0.07
Program efficiency
83%
of spending reaches programs▲ +8% vs prior filing year
Operating runway
70.6mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-23%
revenue over expenses, this year▼ -165% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$216K
FY2025▼ -27%
Expenses
$266K
FY2025▲ +39%
Total assets
$2.0M
FY2025▲ +4%
Total liabilities
$65K
FY2025▲ +349%
Total revenue
$216K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$50K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhiladelphia Ship Preservation Guild
EINHdr · item D23-7272425
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.philashipguild.org
Year of formationHdr · item L1978
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$8,512Pt VII · Sec A
Board Secretary
$6,692Pt VII · Sec A
Board President
$0Pt VII · Sec A
Marine Commitee Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Gina Pickton$8,512$22,512
Patrick Flynn$6,692$1,127

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $171K of program spending, described in the organization's own filed words · FY2025.
01

Ship Preservation and Maint

PSPG is a volunteer centered organization which restores and maintains the Tall Ship Gazela (built 1901) and the Tug Jupiter (built 1902). We use the work on these vessels a way to introduce more people to maritime culture, to train people in: mech, elect, woodworking and eng skills.

$87Kprogram expense
02

Education

The pre-apprentice program, funded by a grant received in late 2024, started in fall 2024 continued through spring 2025. Pre-apprentice was a program for paid intern/apprentices to learn about and gain hands on experience working in the marine trades industry. Several training sails occurred in 2025, including overnight sails.

$48Kprogram expense
03

Events

Events hosted on the Tall Ship Gazela serve to both generate income for PSPG and to introduce people in the region to our presence and mission. Many of our volunteers first learn about PSPG during a public event. In 2025 PSPG continued the local concert series: Riverside Sessions, featuring several local musicians.

$36Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$112K · 52%
Investment income$93K · 43%
Program service revenue$11K · 5%
Other revenue$1K · 1%
Contributions & grants52%$112K
Investment income43%$93K
Program service revenue5%$11K
Other revenue1%$1K
Total revenueLn 12$216K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.11 Fundraising $0.07
Program services83%$220K
Management & general11%$28K
Fundraising7%$17K
Total functional expensesLn 25$266K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$65K
Total net assetsLn 32$2.0M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses (Pt IX) $266K · Less non-cash grants $21K · Cash operating expenses/yr $245K
70.6 months
Where the money goes
Program services
Program services $220K · Total expenses $266K
83%
Management & General
Management & general $28K · Total expenses $266K
11%
Fundraising
Fundraising $17K · Total expenses $266K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $117K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $112K · Total revenue $216K
52%
Government reliance
Government grants — · Total revenue $216K
Earned-income share
Program service revenue $11K · Total revenue $216K
5%
Investment reliance
Investment income $93K · Total revenue $216K
+43%
Program self-sufficiency
Program service revenue $11K · Total expenses $266K
4%
Growth & trend
Revenue growth (YoY)
This year $216K · Prior year $297K
-27%
Revenue CAGR
FY2020 $104K · FY2025 $216K
+16%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $216K · Expenses $266K
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
69%
People & payroll
Highest Reported Total Compensation
Individual Gina Pickton · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $9K · Total expenses $266K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $139K · Total expenses $266K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 11%
Fundraising cost ratio 16%
Revenue growth -27%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$68

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$216K revenue · viewing · ⤓ 990 PDF
FY2024$297K revenue · ⤓ 990 PDF
FY2023$139K revenue · ⤓ 990 PDF
FY2022$134K revenue · ⤓ 990 PDF
FY2021$230K revenue · ⤓ 990 PDF
FY2020$104K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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