PSPG is dedicated to Preserving Historic Ships, Teaching: Seamanship, Restoration Skills, Maritime Sci & Culture, Environmental Stewardship. We preserve two historic vessels: Tall Ship Gazela & Tugboat Jupiter.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 208 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $24K a year · 13% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $68
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$65K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$216K
-27% vs prior year
Spent
$266K
To programs
83%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$216K
FY2025▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$230K
FY2022$134K
FY2023$139K
FY2024$297K
FY2025$216K
Expenses
$266K
FY2025▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$187K
FY2022$192K
FY2023$141K
FY2024$192K
FY2025$266K
Net assets
$2.0M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.7M
FY2023$1.8M
FY2024$1.9M
FY2025$2.0M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $220K Management & general 11% · $28K Fundraising 7% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $15K paid to officers and key staff.

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.

See Philadelphia Ship Preservation Guild executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves historic ships, teaches seamanship, restoration, maritime science, and culture.

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Provided by the organization

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3 programs · $171K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$216K
Ln 12
Gifts and grantsLn 1h$112K
Investment incomeLn 3$93K
Fees for servicesLn 2g$11K
Money outPt IX
$266K
Ln 25
Programscol B$220K
Managementcol C$28K
Fundraisingcol D$17K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$2.0M
LiabilitiesLn 26$65K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Noncash giftsLn 1g$21K
Fees for servicesLn 2g$11K
Investment incomeLn 3$93K
Other incomeLn 4–11$1K
Gains on assetsLn 7$57K
Total revenueLn 12$216K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$533K
Other assetsLn 15$33K
Total assetsLn 16$2.0M
LiabilitiesLn 26$65K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 516
VolunteersI 6208
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$106K$51K
InvestmentsLn 11–13$1.3M$1.4M
Land, buildings, equipmentLn 10c$500K$533K
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$15K$65K
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$17K$5K$9K$3K
Other salaries and wagesLn 7$86K$86K
Payroll taxesLn 10$36K$32K$3K$2K
Management feesLn 11a$12K$1K$11K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$978$978
Office expensesLn 13$3K$476$1K$1K
Information technologyLn 14$5K$5K
OccupancyLn 16$708$708
TravelLn 17$77$77
Conferences, conventions and meetingsLn 19$3K$1K$2K
InterestLn 20$698$698
Depreciation, depletion and amortizationLn 22$1K$1K$264
InsuranceLn 23$39K$37K$1K
Other expenses (24a–d)Ln 24$34K$30K$4K
All other expensesLn 24e$2K$2K$165$199
Total functional expensesLn 25$266K$220K$28K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $216K$266K−$50K$2.0M 990 PDF
FY2024 $297K$192K$105K$1.9M 990 PDF
FY2023 $139K$141K−$2K$1.8M 990 PDF
FY2022 $134K$192K−$59K$1.7M 990 PDF
FY2021 $230K$187K$43K$1.8M 990 PDF
FY2020 $104K$286K−$182K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $216,175 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $186,100$111,903
I-9 Program service revenuePrior year $20,770$10,505
I-10 Investment incomePrior year $88,052$92,613
I-11 Other revenuePrior year $2,266$1,154
I-12 Total revenuePrior year $297,188$216,175
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $90,211$139,433
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $101,751$126,630
I-18 Total expensesPrior year $191,962$266,063
I-19 Revenue less expensesPrior year $105,226−$49,888
Part VI · Governance 8 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $216,175 across 9 lines filed
Lines not itemized here account for $1,154 of total revenue; see the IRS return.
VIII-1b Membership dues$8,888
VIII-1f All other contributions, gifts and grants$103,015
VIII-1g Noncash contributions (included above)$20,630
VIII-1h Total contributions, gifts and grants$111,903
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,505$10,505
VIII-3 Investment incomeRelated to mission $35,492$35,492
VIII-7 Net gain or loss on sales of assets$57,121
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $47,151 · Unrelated business $0 · Excluded from tax $0$216,175
Part IX · Statement of functional expenses $266,063 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,706 · Management $9,248 · Fundraising $3,413$17,367
IX-7 Other salaries and wagesPrograms $85,886$85,886
IX-10 Payroll taxesPrograms $31,880 · Management $2,646 · Fundraising $1,654$36,180
IX-11a Management feesManagement $1,466 · Fundraising $10,800$12,266
IX-11f Investment management feesPrograms $13,901$13,901
IX-11g Other fees for servicesPrograms $10,651$10,651
IX-12 Advertising and promotionPrograms $978$978
IX-13 Office expensesPrograms $476 · Management $1,194 · Fundraising $1,335$3,005
IX-14 Information technologyManagement $5,048$5,048
IX-16 OccupancyManagement $708$708
IX-17 TravelPrograms $77$77
IX-19 Conferences, conventions and meetingsPrograms $1,014 · Management $2,122$3,136
IX-20 InterestPrograms $698$698
IX-22 Depreciation, depletion and amortizationPrograms $1,003 · Management $264$1,267
IX-23 InsurancePrograms $37,424 · Management $1,390$38,814
IX-24 Other expenses (24a–d)Programs $29,764 · Management $3,925$33,689
IX-24e All other expensesPrograms $2,028 · Management $165 · Fundraising $199$2,392
IX-25 Total functional expensesPrograms $220,486 · Management $28,176 · Fundraising $17,401$266,063
Part X · Balance sheet $2,020,162 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $36,549$23,152
X-2 Savings and temporary cash investmentsStart of year $69,372$28,097
X-4 Accounts receivableStart of year $1,690$1,470
X-8 Inventories for sale or useStart of year $8,157$8,147
X-10c Land, buildings and equipment, netStart of year $500,309$533,474
X-11 Publicly traded securitiesStart of year $1,296,606$1,393,189
X-15 Other assetsStart of year $24,133$32,633
X-16 Total assetsStart of year $1,936,936$2,020,162
X-17 Accounts payable and accrued expensesStart of year $815$815
X-19 Deferred revenue$12,500
X-25 Other liabilitiesStart of year $6,726$6,241
X-26 Total liabilitiesStart of year $14,541$65,356
X-27 Net assets without donor restrictionsStart of year $556,417$522,541
X-28 Net assets with donor restrictionsStart of year $1,365,978$1,432,265
X-32 Total net assets or fund balancesStart of year $1,922,395$1,954,806
X-33 Total liabilities and net assetsStart of year $1,936,936$2,020,162
Part XI · Reconciliation of net assets $1,954,806 net assets at year end
XI-1 Total revenue$216,175
XI-2 Total expenses$266,063
XI-3 Revenue less expenses−$49,888
XI-4 Net assets at start of year$1,922,395
XI-5 Net unrealized gains (losses) on investments$82,300
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,954,806

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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