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Arts, Culture, Humanities : Museums

CN Advisory: Moderate Concern

Independence Seaport Museum

Deepening the appreciation, understanding and experience of the Philadelphia region's waterways

three stars

87.27

211 South Columbus Boulevard Philadelphia, PA 19106
tel: (215) 413-8655   Web Site
EIN: 23-1584971

Board Leadership
Peter H. Havens
Chair

CEO
John Brady
President, CEO

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 11/01/2019 87.27 three stars
-- 10/31/2018 --Moderate Concern Advisory

On October 5, 2018, The Philly Mag Daily reported on the charges of improper conduct allegedly taking place at Independence Seaport Museum, in an article titled, "Is Another Financial Scandal Brewing at the Seaport Museum?." For this reason, we have issued a Moderate Concern CN Advisory as the allegations have yet to be confirmed. For more information regarding this matter, please see The Philly Mag Daily article.

Charity Response

A Statement from Independance Seaport Museum: 

Independence Seaport Museum strongly denies the allegations in the complaint referenced in the Philly Mag Daily article, which was filed by a former employee who was terminated for cause. 
 
The allegations in the complaint are rife with inaccuracies.  For example, the allegation that the Seaport Museum’s endowment “comes from, among other sources, taxpayer money obtained from the state, as well as grants…,” is completely false.  Not a single penny of our endowments come from the state or either of the foundations mentioned in the article. 
 
Moreover, there has been no waste or misuse of donors’ contributions, or any funds, whatsoever.  The Seaport Museum’s management team works under the oversight of a sophisticated Board of Directors, whose Chair and Finance Committee are extremely knowledgeable about financial management.
 
Grants and gifts are used only for charitable purposes and for the purposes intended by funders.  The Museum takes great care when reporting on projects, providing ample justification for use of funds and proof of proper expenditures to the extent each funder requires, often beyond, providing verified financial records, narrative descriptions, and visual images. 
 
Thanks to significant investment from dedicated private philanthropic sources and the region’s most prominent funders, the Seaport Museum is in a strong financial position and able to serve a vastly larger audience than a decade ago.  It is with this support, and the strategic vision of the Museum’s leadership, that we are breathing new life into our mission to deepen the appreciation, understanding, and experience of the Philadelphia region’s waterways. 
 
The Seaport Museum finds it remarkable that CN would post an advisory based upon nothing more than unsworn, unsubstantiated allegations and would point donors to CN’s disclaimer that it makes no effort to verify the accuracy of the information it is presenting.
 
We cannot disclose more at this juncture due to the pending litigation.  Simply stated, there has been no wrongdoing and the Seaport Museum will vigorously defend itself against these baseless allegations.
2016-12 06/01/2018 81.35 three stars
2015-12 08/01/2017 77.38 two stars

Charity Contact Info

Independence Seaport Museum
211 South Columbus Boulevard
Philadelphia, PA 19106
tel: (215) 413-8655
EIN: 23-1584971

Visit Web Site

Board Leadership

Peter H. Havens
Chair

CEO

John Brady
President, CEO

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