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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 3.9 months of spending in cash; 3 or more.
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
$38K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$139K
+4% vs prior year
Spent
$141K
To programs
79%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$139K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$230K
FY2022$134K
FY2023$139K
FY2024$297K
FY2025$216K
Expenses
$141K
FY2023▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$187K
FY2022$192K
FY2023$141K
FY2024$192K
FY2025$266K
Net assets
$1.8M
FY2023▲ +4%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $111K Management & general 20% · $28K Fundraising 1% · $1K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Marine Commitee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Recording Secretary
$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 · $76K · in their own filed words · FY2023
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.

$57Kprogram expense
02

Education

In 2023 Gazela took it's first major sailing trip and port visit away from home since the pandemic. Gazela sailed to Norfolk, VA for harborfest 2023. 26 volunteer crew (plus professional officers), sailed and learned how a traditional (and modern) vessels operate and function. There were also additonal local day training sails.

$13Kprogram expense
03

Events

Hosting events for the general public or for special groups is one of the best ways for the Guild to introduce a broader audience to maritime history and culture. The event remind many people of the presence of historic ships at the Philadelphia waterfront. Attendees at the events sometimes become active volunteers and Guild members.

$6Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$139K
Ln 12
Gifts and grantsLn 1h$54K
Investment incomeLn 3$49K
Fees for servicesLn 2g$33K
Money outPt IX
$141K
Ln 25
Programscol B$111K
Managementcol C$28K
Fundraisingcol D$1K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$1.8M
LiabilitiesLn 26$38K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$33K
Investment incomeLn 3$49K
Other incomeLn 4–11$3K
Gains on assetsLn 7$18K
Total revenueLn 12$139K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$497K
Other assetsLn 15$24K
Total assetsLn 16$1.8M
LiabilitiesLn 26$38K
Net assetsLn 32$1.8M
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 FY23End FY23
Cash and savingsLn 1–2$28K$45K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$495K$497K
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$38K$38K
Net assetsLn 32$1.7M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$19K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$1K$61$1K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$714$614$100
Office expensesLn 13$3K$463$771$1K
Information technologyLn 14$5K$5K
TravelLn 17$601$601
Conferences, conventions and meetingsLn 19$200$200
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$500$500
InsuranceLn 23$45K$41K$4K
Other expenses (24a–d)Ln 24$30K$29K$1K
All other expensesLn 24e$270$270
Total functional expensesLn 25$141K$111K$28K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $216K$266K−$50K$2.0M 990 PDF
FY2024 $297K$192K$105K$1.9M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $138,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,813$53,557
I-9 Program service revenuePrior year $4,418$33,484
I-10 Investment incomePrior year $34,026$49,042
I-11 Other revenue$2,846
I-12 Total revenuePrior year $136,257$138,929
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,871$27,051
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $155,487$113,504
I-18 Total expensesPrior year $194,358$140,555
I-19 Revenue less expensesPrior year −$58,101−$1,626
Part VI · Governance 7 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $138,929 across 9 lines filed
Lines not itemized here account for $2,846 of total revenue; see the IRS return.
VIII-1b Membership dues$5,592
VIII-1f All other contributions, gifts and grants$47,965
VIII-1g Noncash contributions (included above)$5,900
VIII-1h Total contributions, gifts and grants$53,557
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,484$33,484
VIII-3 Investment incomeRelated to mission $31,017$31,017
VIII-7 Net gain or loss on sales of assetsRelated to mission $18,025$18,025
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $85,372$138,929
Part IX · Statement of functional expenses $140,555 across 15 lines filed
IX-7 Other salaries and wagesPrograms $18,858$18,858
IX-10 Payroll taxesPrograms $8,193$8,193
IX-11c Accounting feesPrograms $61 · Management $1,175$1,236
IX-11f Investment management feesManagement $12,673$12,673
IX-11g Other fees for servicesPrograms $11,970$11,970
IX-12 Advertising and promotionPrograms $614 · Management $100$714
IX-13 Office expensesPrograms $463 · Management $771 · Fundraising $1,335$2,569
IX-14 Information technologyManagement $5,051$5,051
IX-17 TravelPrograms $601$601
IX-19 Conferences, conventions and meetingsPrograms $200$200
IX-20 InterestManagement $2,713$2,713
IX-22 Depreciation, depletion and amortizationPrograms $500$500
IX-23 InsurancePrograms $40,545 · Management $4,360$44,905
IX-24 Other expenses (24a–d)Programs $28,810 · Management $1,292$30,102
IX-24e All other expensesPrograms $270$270
IX-25 Total functional expensesPrograms $111,085 · Management $28,135 · Fundraising $1,335$140,555
Part X · Balance sheet $1,821,701 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $7,868$24,230
X-2 Savings and temporary cash investmentsStart of year $19,786$20,888
X-4 Accounts receivableStart of year $1,470$1,840
X-8 Inventories for sale or useStart of year $5,243$5,337
X-10c Land, buildings and equipment, netStart of year $494,609$497,009
X-11 Publicly traded securitiesStart of year $1,209,020$1,248,264
X-15 Other assetsStart of year $20,798$24,133
X-16 Total assetsStart of year $1,758,794$1,821,701
X-17 Accounts payable and accrued expensesStart of year $815$815
X-25 Other liabilitiesStart of year $8$164
X-26 Total liabilitiesStart of year $38,023$38,179
X-27 Net assets without donor restrictionsStart of year $491,307$510,651
X-28 Net assets with donor restrictionsStart of year $1,229,464$1,272,871
X-32 Total net assets or fund balancesStart of year $1,720,771$1,783,522
X-33 Total liabilities and net assetsStart of year $1,758,794$1,821,701
Part XI · Reconciliation of net assets $1,783,522 net assets at year end
XI-1 Total revenue$138,929
XI-2 Total expenses$140,555
XI-3 Revenue less expenses−$1,626
XI-4 Net assets at start of year$1,720,771
XI-5 Net unrealized gains (losses) on investments$64,863
XI-7 Investment expenses$12,673
XI-10 Net assets at end of year$1,783,522

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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