Independence Seaport Museum

“The organization distributes an electronic copy of a draft of Form 990 for review by its audit and finance committee. A meeting is then held, if necessary, to discuss any issues or questions with the draft return. Once all issues have been resolved, the audit and finance committee approves the final Form 990 for filing. The organization distributes an electronic copy of a draft of Form 990 to the full board for review and approval for filing.”

“All board members of the organization are required to sign a conflict of interest statement disclosing any potential conflicts annually. Any conflicts would be brought to the attention of the board of port wardens and a decision made as to whether the conflict interferes with his/her duties. If allowed to remain they would be ineligible to be involved in the decision making or voting process that involves the conflict. During 2020, all individuals completed the required forms on a timely basis.”

“The board of port wardens approves the salaries of the President and key employees through the budget process. The organization uses comparative data from outside sources to also compare their salaries to industry ranges. This process was last undertaken in 2015 for the Chief Executive Officer.”

“The organization makes its governing documents available to the general public on its website and upon request.”

“The Museum will take a leadership role in the future of the Delaware River Watershed including awareness of and advocacy for our valuable natural resources and the economic development of the region. As a good community steward, the Museum will provide an education and career awareness "Ladder of Opportunity" to students in our region and through them generational awareness of our water resources to all of our citizens. Our goal is to create understanding of the historical, economic, and environmental importance of the Delaware River Watershed. The Museum is home to one of the largest maritime art and artifact collections in North America, documenting the local and regional history of the Ports of Philadelphia, and two National Historic Landmark ships, Cruiser Olympia, Admiral Dewey's flagship at the Battle of Manila Bay, and World War II Submarine Becuna. The Museum is the premier, year- round, family-friendly destination that has become a key component of Philadelphia's waterfront renaissance on Penn's Landing.”

“The Museum will take a leadership role in the future of the Delaware River Watershed including awareness of and advocacy for our valuable natural resources and the economic development of the region. As a good community steward, the Museum will provide an education and career awareness "Ladder of Opportunity" to students in our region and through them generational awareness of our water resources to all of our citizens. Our goal is to create understanding of the historical, economic, and environmental importance of the Delaware River Watershed. The Museum is home to one of the largest maritime art and artifact collections in North America, documenting the local and regional history of the Ports of Philadelphia, and two National Historic Landmark ships, Cruiser Olympia, Admiral Dewey's flagship at the Battle of Manila Bay, and World War II Submarine Becuna. The Museum is the premier, year- round, family-friendly destination that has become a key component of Philadelphia's waterfront renaissance on Penn's Landing.”

“The Organization had not changed its oversight and selection process involving its independent auditor during the tax year.”