MYSTIC SEAPORT MUSEUM INC Charity Report

Public IRS 990 nonprofit record

MYSTIC SEAPORT MUSEUM INC

EIN 06-0653120 · Arts, Culture & Humanities (A500)

What they do

MYSTIC SEAPORT MUSEUM STRIVES to INSPIRE AN ENDURING CONNECTION to THE AMERICAN MARITIME EXPERIENCE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $57.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

55.59%of revenue went to mission work57.0% of expenses · Program services

8.25%of revenue went to fundraising8.5% of expenses

$97.45spent for every $100 of revenueRevenue covered expenses this year.

33.60%of revenue went to management and office costs34.5% of expenses

$4.63in assets for every $1 spent this yearSome assets cannot be spent right away.

54.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $368,053 for PETER ARMSTRONG (PRESIDENT/CEO & TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$25,343,759

Mission workProgram services$14,089,21555.59% of revenue57.0% of expenses

ManagementOffice and general costs$8,515,93133.60% of revenue34.5% of expenses

FundraisingAsking for donations$2,092,0978.25% of revenue8.5% of expenses

Revenue left after expensesReported annual surplus$646,5162.55% of revenueShown in gray on the chart

Total expenses$24,697,24397.45% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 57.0% mission · 34.5% management · 8.5% fundraisingTotal expenses: 97.45% of revenue

2023Expense mix: 66.1% mission · 27.6% management · 6.2% fundraisingTotal expenses: 133.47% of revenue

2022Expense mix: 62.0% mission · 30.3% management · 7.7% fundraisingTotal expenses: 62.28% of revenue

2021Expense mix: 60.9% mission · 30.3% management · 8.8% fundraisingTotal expenses: 68.11% of revenue

2020Expense mix: 62.5% mission · 28.2% management · 9.3% fundraisingTotal expenses: 131.29% of revenue

2019Expense mix: 69.1% mission · 22.4% management · 8.5% fundraisingTotal expenses: 89.09% of revenue

2018Expense mix: 69.1% mission · 22.7% management · 8.3% fundraisingTotal expenses: 91.74% of revenue

2017Expense mix: 66.4% mission · 22.3% management · 11.3% fundraisingTotal expenses: 107.49% of revenue

Money in and money out

Revenue$25,343,759

Expenses$24,697,243

Annual surplus $646,516 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,089,215 · 57.0% of expenses

Management and office costs$8,515,931 · 34.5% of expenses

Fundraising$2,092,097 · 8.5% of expenses

See all reported dollar amounts

Revenue$25,343,759

Expenses$24,697,243

Assets$114,429,420

Income$55,030,387

Contributions$13,847,980

Mission work (program services)$14,089,215

Fundraising$2,092,097

Grants given$24,494

Average grant$8,165

Management and general$8,515,931

Executive compensation (total)$627,039

Stocks and bonds$68,680,669

Accounting fees$71,400

Investing fees$308,434

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER ARMSTRONGPRESIDENT/CEO & TRUSTEE · 35 hrs/week $368,053Base $332,672 · Other $35,381

CHRISTINA BROPHYSR. VP OF CURATORIAL AFFAIRS · 35 hrs/week $254,231Base $213,599 · Other $40,632

CHRISTOPHER FREEMANVP ADVANCEMENT · 35 hrs/week $199,819Base $171,723 · Other $28,096

SHANNON MCKENZIEVP WATERCRAFT OPERATIONS AND PRESERVATION · 35 hrs/week $187,408Base $169,664 · Other $17,744

MARGARET MILNESVP VISITOR JOURNEY · 35 hrs/week $183,359Base $165,587 · Other $17,772

AKEIA ANGELIQUE DE BARROS GOMESVP AMERICAN INSTITUTE MARITIME STUDIES · 35 hrs/week $169,276Base $143,809 · Other $25,467

MAGGIE DOLANOUTGOING CFO 8/24 · 35 hrs/week $162,845Base $150,083 · Other $12,762

BECCA MCBEEASST. SECRETARY · 35 hrs/week $81,996Base $79,596 · Other $2,400

JULIE STECKELCFO AS OF 12/24 · 35 hrs/week $4,231

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

PETER ARMSTRONGPRESIDENT/CEO & TRUSTEE

CHRISTINA BROPHYSR. VP OF CURATORIAL AFFAIRS

CHRISTOPHER FREEMANVP ADVANCEMENT

SHANNON MCKENZIEVP WATERCRAFT OPERATIONS AND PRESERVATION

MARGARET MILNESVP VISITOR JOURNEY

AKEIA ANGELIQUE DE BARROS GOMESVP AMERICAN INSTITUTE MARITIME STUDIES

MAGGIE DOLANOUTGOING CFO 8/24

BECCA MCBEEASST. SECRETARY

JULIE STECKELCFO AS OF 12/24

ROBERT A VINCENTTRUSTEE

WILLIAM D FORSTERTRUSTEE

PETER GLEYSTEENTRUSTEE

RAYMOND B STRONG IIITRUSTEE

TBLAKE POWELLTRUSTEE

RICHARD SIEWERTTRUSTEE

RICHARD R VIETORTRUSTEE

RICHARD W CLARYVICE CHAIRMAN

SKIP FINLEYOUTGOING TRUSTEE

ROBERT B RODGERSTRUSTEE

ROBERT C MARTINTREASURER

ROBERT C MUSETTITRUSTEE

ROBERT L W MCGRAWTRUSTEE

SUSAN J WAYNETRUSTEE

SHARON E COHENTRUSTEE

STANLEY T WELLSTRUSTEE

SHEILA MCCURDYSECRETARY

HUGH DAVISTRUSTEE

ALEXANDER D BULAZELTRUSTEE

ALEXANDRA T THORNEOUTGOING TRUSTEE

BARBARA VIETORTRUSTEE

CAROLYN MICHASTRUSTEE

CASEY FRYETRUSTEE

CHESTER W KITCHINGS JRTRUSTEE

GRANT L CAMBRIDGEVICE CHAIRMAN

GREGORY W BAUERTRUSTEE

MICHAEL S HUDNERCHAIRMAN

J BARCLAY COLLINS IITRUSTEE

J ROBERT MANN JRTRUSTEE

JAY S BENETTRUSTEE

JOSEPH M DWYERTRUSTEE

KENNETH S SIEGELTRUSTEE

LAURIE J OLSONTRUSTEE

MAARTEN C DE JONGTRUSTEE

MICHAEL M WISEMANTRUSTEE

About this charity

Recognized since: January 1938
Location: 75 GREENMANVILLE AVE, MYSTIC, CT 06355-1946
County: New London
In care of: JULIE STECKEL
Primary officer: JULIE STECKEL, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@mysticseaport.org Phone(860) 572-0711

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Arts, Culture & Humanities (A500)
IRS tax category: Museums
Grant-giving organization: Yes