PHILADELPHIA SHIP PRESERVATION GUILD

EIN: 237272425 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$297,188
Total Expenses
$191,962
Total Assets
$1,936,936
Net Assets
$1,922,395
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
PA
Principal Officer
MELISSA BLACKSIMMONS
Phone
2152380280
Tax Period
2024-01-01 to 2024-12-31

PHILADELPHIA SHIP PRESERVATION GUILD, founded in 1978, is a small nonprofit that reported $297K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 35% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $68,980 Revenue: $32,048

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...

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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. A ship is a complete environment; aintaining it teaches skill in all these areas. Sailing it brings people into a colab community with others with very diff backgrounds. This year over 70 volunteers participated in activities maintaining Gazela. Notable: In water plank hull work was done on Gazela. Jupiter replaced generator water pump and main engine starter cable.

Program 2
Expenses: $25,510 Revenue: $35,000

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...

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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. The education department continued planning and developing a curriculum for after school programs, STEM training and field trips.

Program 3
Expenses: $16,503 Revenue: $22,839

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...

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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. In 2024 we hosted eleven private or ticketed events and were open to the general public for tours four times during the summer. We estimate we had 1,000 visitors to the ship during these events.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $186,100
Program Service Revenue $20,770
Investment Income $88,052
Other Revenue $2,266
TOTAL REVENUE $297,188

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,211
Fundraising Expenses $15,369
Program Expenses $110,993
Other Expenses $101,751
TOTAL EXPENSES $191,962

Year-over-Year Comparison

2024 2023 Change
Revenue $297,188 $138,929 +1.1%
Expenses $191,962 $140,555 +0.4%
Net Income $105,226 $-1,626 -65.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
7
Employees
12
Volunteers
180

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$23,639
Total Directors
9
$23,639
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINA PICKTON EXECUTIVE DIRECTOR 35.00
Officer Director
$22,512 $0 $22,512
PATRICK FLYNN BOARD SECRETARY 15.00
Officer Director
$1,127 $0 $1,127
MELISSA BLACK-SIMMONS BOARD PRESIDENT 10.00
Officer Director
$0 $0 $0
MARCUS BRANDT MARINE COMMITEE CHAIR 20.00
Director
$0 $0 $0
JOHN TELENCIO BOARD MEMBER 5.00
Director
$0 $0 $0
ROBIN SCHIMPF BOARD MEMBER 5.00
Director
$0 $0 $0
LEON BROOKS BOARD MEMBER 5.00
Director
$0 $0 $0
DESMOND CHEUNG BOARD MEMBER 10.00
Director
$0 $0 $0
MARY BETH TOMLINSON BOARD TREASURER 10.00
Officer Director
$0 $0 $0
LINDA BILLS RECORDING SECRETARY 30.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $297,188 $191,962 $1,936,936 $105,226
2023 $138,929 $140,555 $1,821,701 $-1,626
2022 $136,257 $194,358 $1,758,794 $-58,101
2022 $133,563 $192,424 $1,758,794 $-58,861
2021 $230,008 $187,403 $1,802,346 $42,605
2020 $103,688 $285,546 $1,706,655 $-181,858
2019 $408,809 $253,231 $1,811,001 $155,578
2018 $179,767 $220,750 $1,536,468 $-40,983
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