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Arts, Culture, Humanities : Museums

Mystic Seaport Museum

The museum of America and the sea

three stars

82.40

75 Greenmanville Avenue P.O. Box 6000
Mystic, CT 06355
tel: (860) 572-5365   Web Site
EIN: 06-0653120

Board Leadership
Michael S. Hudner
Chair

CEO
Stephen C. White
President

  Score
(out of 100)
Rating
Overall Score & Rating 82.40 three stars
  Financial 79.43 two stars
  Accountability & Transparency 86.00 three stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Mystic Seaport was originally established as the Marine Historical Association in 1929 to create a dynamic, educational institution to preserve America's maritime culture and turn the achievements of a past era into an inspirational force for the future. Mystic Seaport has amassed the world's largest collections of maritime photography (over one million images) and boats (nearly 500), and has collected two million other maritime artifacts. Widely recognized as the nation's leading maritime museum, today Mystic Seaport is making the history of America's relationship with the sea even more accessible to all-new audiences. More than 300,000 people visit Mystic Seaport annually.

Mystic Seaport was originally established as the Marine Historical Association in 1929 to create a dynamic, educational institution to preserve America's maritime culture and turn the achievements of a past era into an inspirational force for the future. Mystic Seaport has amassed the world's largest collections of maritime photography (over one million images) and boats (nearly 500), and has collected two million other maritime artifacts. Widely recognized as the nation's leading maritime museum, today Mystic Seaport is making the history of America's relationship with the sea even more accessible to all-new audiences. More than 300,000 people visit Mystic Seaport annually.

Impact Information

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Financial

two stars

79.43

Accountability & Transparency

three stars

86.00

This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
67.7%
  Administrative Expenses 22.4%
  Fundraising Expenses 9.7%
  Fundraising Efficiency $0.22
  Working Capital Ratio (years) 2.35
  Program Expenses Growth 4.6%
  Liabilities to Assets 5.7%
All data for Financial Performance Metrics calculations was provided by Mystic Seaport Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Mystic Seaport Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Mystic Seaport Museum (CT) 82.40 three stars
Racine Art Museum (WI) 86.75 three stars
AACA Museum (PA) 92.93 four stars
Naismith Memorial Basketball Hall of Fame (MA) 89.42 three stars
Petersen Automotive Museum (CA) 86.20 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $9,756,846
   Federated Campaigns $0
   Membership Dues $1,571,700
   Fundraising Events $374,601
   Related Organizations $0
   Government Grants $252,381
Total Contributions $11,955,528
   Program Service Revenue $7,672,064
Total Primary Revenue $19,627,592
   Other Revenue $4,014,487
TOTAL REVENUE $23,642,079
   
EXPENSES  
   Program Expenses $14,985,075
   Administrative Expenses $4,914,620
   Fundraising Expenses $1,790,129
TOTAL FUNCTIONAL EXPENSES $21,689,824
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,952,255
   
Net Assets $88,450,683

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Collections and Research $7,359,479 49.1%
Visitor Experience $5,435,982 36.3%
Educational Programs $2,189,614 14.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 05/01/2020 82.40 three stars
2017-12 07/01/2019 77.15 two stars
2016-04 11/01/2017 79.46 two stars
2015-04 10/01/2016 83.57 three stars
2014-04 06/01/2016 84.52 three stars
 
CN 2.0
2014-04 10/01/2015 79.47 two stars
2013-04 10/01/2014 81.72 three stars
2012-04 09/01/2013 82.88 three stars
2011-04 07/01/2012 77.64 two stars
2010-04 09/20/2011 74.35 two stars
 
CN 1.0
2010-04 07/01/2011 66.54 one star
2009-04 06/01/2010 66.89 one star
2008-04 10/01/2009 85.63 three stars
2007-04 03/01/2009 83.43 three stars
2006-04 08/01/2007 77.29 two stars
2005-04 10/01/2006 73.66 two stars
2004-04 08/01/2005 89.59 three stars
2003-04 08/01/2004 77.07 two stars
2002-04 09/01/2003 83.23 three stars
2001-04 10/15/2002 76.68 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 06-0653120
Name in IRS Master File MYSTIC SEAPORT MUSEUM INC
NTEE Code A50
NTEE Classification Museum, Museum Activities
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(62) Historical site, records or reenactment
(61) Library
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1938
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • April, 2016
  • April, 2015
  • April, 2014
Compensation % of Expenses Paid to Title
$285,641 1.31% Stephen C. White President

Highly Rated

Charity Name & State Overall Score Overall Rating
Mystic Seaport Museum (CT) 82.40 three stars
National Civil Rights Museum (TN) 90.49 four stars
The Mariners' Museum (VA) 89.76 three stars
Naismith Memorial Basketball Hall of Fame (MA) 89.42 three stars
Bergstrom-Mahler Museum of Glass (WI) 87.89 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Mystic Seaport Museum
75 Greenmanville Avenue
P.O. Box 6000
Mystic, CT 06355
tel: (860) 572-5365
EIN: 06-0653120

Visit Web Site

Board Leadership

Michael S. Hudner
Chair

CEO

Stephen C. White
President

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