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Philadelphia Ship Preservation Guild FY2024 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 1978 EIN 23-7272425Revenue $297K in FY2024

On file with the IRSphilashipguild.org1801 Fairmount Ave Unit 227, 19130-2895 · Philadelphia, PATax-exempt since Jun 1973Publicly supported charity — 170(b)(1)(A)(vi)

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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.
77¢ of each $1 spent went to programs.
$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 6.6 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
$15K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
+114% vs prior year
Spent
$192K
To programs
77%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$297K
FY2024▲ +114%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$230K
FY2022$134K
FY2023$139K
FY2024$297K
FY2025$216K
Expenses
$192K
FY2024▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$187K
FY2022$192K
FY2023$141K
FY2024$192K
FY2025$266K
Net assets
$1.9M
FY2024▲ +8%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

77 cents of each dollar spent went to programs.

Program services 77% · $148K Management & general 15% · $29K Fundraising 8% · $15K

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

10 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gina Pickton
Executive Director
$22,512Pt VII · Sec A
Patrick Flynn
Board Secretary
$1,127Pt VII · Sec A
Melissa Black-Simmons
Board President
$0Pt VII · Sec A
Marcus Brandt
Marine Commitee Chair
$0Pt VII · Sec A
John Telencio
Board Member
$0Pt VII · Sec A
Robin Schimpf
Board Member
$0Pt VII · Sec A
Leon Brooks
Board Member
$0Pt VII · Sec A
Desmond Cheung
Board Member
$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 · $111K · in their own filed words · FY2024
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.

$69Kprogram expense
02

Education

In 2024 PSPG was awarded a grant that funded a training program for paid intern/apprentices to learn about and gain hands on experience working in the marine trades industry. Throughout the year several training sails introduced novice sailors to the operation and life aboard a traditional wooden sailing tall ship.

$26Kprogram 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.

$17Kprogram 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
Amazonsmile FoundationFY2023$68
Total grants receivedfrom 1 funder$68

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$297K
Ln 12
Gifts and grantsLn 1h$186K
Investment incomeLn 3$88K
Fees for servicesLn 2g$21K
Money outPt IX
$192K
Ln 25
Programscol B$148K
Managementcol C$29K
Fundraisingcol D$15K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$1.9M
LiabilitiesLn 26$15K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$21K
Investment incomeLn 3$88K
Other incomeLn 4–11$2K
Gains on assetsLn 7$53K
Total revenueLn 12$297K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$69K
Cash and savings togetherLn 1–2$106K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$500K
Other assetsLn 15$24K
Total assetsLn 16$1.9M
LiabilitiesLn 26$15K
Net assetsLn 32$1.9M
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 FY24End FY24
Cash and savingsLn 1–2$45K$106K
InvestmentsLn 11–13$1.2M$1.3M
Land, buildings, equipmentLn 10c$497K$500K
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$38K$15K
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$15K$5K
Other salaries and wagesLn 7$47K$45K$3K
Payroll taxesLn 10$23K$21K$712$1K
Management feesLn 11a$7K$7K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$4K$3K$844
Advertising and promotionLn 12$3K$992$1K$489
Office expensesLn 13$2K$806$954$73
Information technologyLn 14$8K$922$6K$1K
OccupancyLn 16$610$2$608
TravelLn 17$310$310
Conferences, conventions and meetingsLn 19$1K$931$118
InterestLn 20$2K$2K
InsuranceLn 23$38K$37K$1K
Other expenses (24a–d)Ln 24$22K$21K$736
All other expensesLn 24e$78$65$13
Total functional expensesLn 25$192K$148K$29K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $216K$266K−$50K$2.0M 990 PDF
FY2024 Viewing $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 FY2024 990 (6 parts)
Part I · Summary $297,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,557$186,100
I-9 Program service revenuePrior year $33,484$20,770
I-10 Investment incomePrior year $49,042$88,052
I-11 Other revenuePrior year $2,846$2,266
I-12 Total revenuePrior year $138,929$297,188
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,051$90,211
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,504$101,751
I-18 Total expensesPrior year $140,555$191,962
I-19 Revenue less expensesPrior year −$1,626$105,226
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
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 $297,188 across 10 lines filed
Lines not itemized here account for $1,896 of total revenue; see the IRS return.
VIII-1b Membership dues$8,255
VIII-1f All other contributions, gifts and grants$177,845
VIII-1g Noncash contributions (included above)$4,940
VIII-1h Total contributions, gifts and grants$186,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,770$20,770
VIII-3 Investment incomeRelated to mission $35,334$35,334
VIII-7 Net gain or loss on sales of assets$52,718
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $370$370
VIII-12 Total revenueRelated to mission $58,370 · Unrelated business $0 · Excluded from tax $0$297,188
Part IX · Statement of functional expenses $191,962 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,397 · Fundraising $4,829$20,226
IX-7 Other salaries and wagesPrograms $44,512 · Management $2,772$47,284
IX-10 Payroll taxesPrograms $20,528 · Management $712 · Fundraising $1,461$22,701
IX-11a Management feesFundraising $7,200$7,200
IX-11f Investment management feesManagement $13,491$13,491
IX-11g Other fees for servicesPrograms $3,471 · Management $844$4,315
IX-12 Advertising and promotionPrograms $992 · Management $1,117 · Fundraising $489$2,598
IX-13 Office expensesPrograms $806 · Management $954 · Fundraising $73$1,833
IX-14 Information technologyPrograms $922 · Management $6,267 · Fundraising $1,199$8,388
IX-16 OccupancyPrograms $2 · Management $608$610
IX-17 TravelPrograms $310$310
IX-19 Conferences, conventions and meetingsPrograms $931 · Fundraising $118$1,049
IX-20 InterestPrograms $2,166$2,166
IX-23 InsurancePrograms $36,597 · Management $1,390$37,987
IX-24 Other expenses (24a–d)Programs $20,990 · Management $736$21,726
IX-24e All other expensesPrograms $65 · Management $13$78
IX-25 Total functional expensesPrograms $147,689 · Management $28,904 · Fundraising $15,369$191,962
Part X · Balance sheet $1,936,936 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $24,230$36,549
X-2 Savings and temporary cash investmentsStart of year $20,888$69,372
X-4 Accounts receivableStart of year $1,840$1,690
X-8 Inventories for sale or useStart of year $5,337$8,157
X-9 Prepaid expenses and deferred charges$120
X-10c Land, buildings and equipment, netStart of year $497,009$500,309
X-11 Publicly traded securitiesStart of year $1,248,264$1,296,606
X-15 Other assetsStart of year $24,133$24,133
X-16 Total assetsStart of year $1,821,701$1,936,936
X-17 Accounts payable and accrued expensesStart of year $815$815
X-25 Other liabilitiesStart of year $164$6,726
X-26 Total liabilitiesStart of year $38,179$14,541
X-27 Net assets without donor restrictionsStart of year $510,651$556,417
X-28 Net assets with donor restrictionsStart of year $1,272,871$1,365,978
X-32 Total net assets or fund balancesStart of year $1,783,522$1,922,395
X-33 Total liabilities and net assetsStart of year $1,821,701$1,936,936
Part XI · Reconciliation of net assets $1,922,395 net assets at year end
XI-1 Total revenue$297,188
XI-2 Total expenses$191,962
XI-3 Revenue less expenses$105,226
XI-4 Net assets at start of year$1,783,522
XI-5 Net unrealized gains (losses) on investments$33,526
XI-7 Investment expenses$13,491
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,922,395

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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