Civic Intelligence

Tall Ship Providence Foundation

EIN 82-2485535 • 501(c)3 • Alexandria, VA

Profile

Our mission is to bring history to life on Alexandria's waterfront. Our Maritime Heritage Center serves as a floating museum and classroom where we educate visitors on the role Providence and Captain John Paul Jones played during the American Revolution.

201 N Union Street Suite 110Alexandria, VA 22314

tallshipprovidence.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.68x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.21x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-1.6%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,168,782

Down $226,917 (-3.1%) from 2023

Liabilities

Up

$4,842,062

Up $456,207 (+10%) from 2023

Net Assets

Down

$2,326,720

Down $683,124 (-23%) from 2023

Revenue

Down

$1,149,554

Down $19,175 (-1.6%) from 2023

Expenses

Up

$1,832,678

Up $181,896 (+11%) from 2023

Net Income

Down

-$683,124

Down $201,071 (-42%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $586,001Liabilities 2017: $215,909Net Assets 2017: $370,0922017Assets 2018: $1,100,650Liabilities 2018: $850,005Net Assets 2018: $250,6452018Assets 2019: $1,620,699Liabilities 2019: $1,609,661Net Assets 2019: $11,0382019Assets 2020: $2,102,096Liabilities 2020: $2,395,301Net Assets 2020: -$293,2052020Assets 2021: $2,543,328Liabilities 2021: $2,830,582Net Assets 2021: -$287,2542021Assets 2022: $5,101,475Liabilities 2022: $1,609,578Net Assets 2022: $3,491,8972022Assets 2023: $7,395,699Liabilities 2023: $4,385,855Net Assets 2023: $3,009,8442023Assets 2024: $7,168,782Liabilities 2024: $4,842,062Net Assets 2024: $2,326,7202024

Highlighted filing

2024

Assets$7,168,782
Liabilities$4,842,062
Net Assets$2,326,720

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $396,506Expenses 2017: $26,414Net Income 2017: $370,0922017Revenue 2018: $149,979Expenses 2018: $194,426Net Income 2018: -$44,4472018Revenue 2019: $328,510Expenses 2019: $568,117Net Income 2019: -$239,6072019Revenue 2020: $399,296Expenses 2020: $703,539Net Income 2020: -$304,2432020Revenue 2021: $1,034,666Expenses 2021: $1,028,715Net Income 2021: $5,9512021Revenue 2022: $4,773,820Expenses 2022: $994,669Net Income 2022: $3,779,1512022Revenue 2023: $1,168,729Expenses 2023: $1,650,782Net Income 2023: -$482,0532023Revenue 2024: $1,149,554Expenses 2024: $1,832,678Net Income 2024: -$683,1242024

Highlighted filing

2024

Revenue$1,149,554
Expenses$1,832,678
Net Income-$683,124

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,156,899
Mission and Program Overview

Mission

Our mission is to bring history to life on Alexandria's waterfront while educating our visitors on the important role the Continental Navy played in the American Revolution. The story of the Continental Navy in the Revolution is not widely known, but one that was crucial to the maritime and merchant interests of our country.

We are a floating classroom; our focus is to educate while entertaining our guests on the role Providence and the Continental Navy played in the American Revolution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,138,903$7,053,919▼ $84,984
Loans From Officers Directors$464,280$768,286▲ $304,006
Pledges and Grants Receivable$70,171$62,451▼ $7,720
Prepaid Expenses and Deferred Charges$16,663$17,722▲ $1,059
Inventories for Sale or Use$23,510$16,940▼ $6,570
Cash and Non-Interest-Bearing Accounts$145,002$16,353▼ $128,649
Savings and Temporary Cash Investments$175$122▼ $53
Total Assets$7,395,699$7,168,782▼ $226,917
Other Assets Total$1,275$1,275→ $0
Liabilities
Unsecured Notes Loans Payable$2,870,925$3,141,298▲ $270,373
Accounts Payable and Accrued Expenses$1,049,377$932,478▼ $116,899
Deferred Revenue$1,273--
Total Liabilities$4,385,855$4,842,062▲ $456,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,009,844$2,326,720▼ $683,124
Total Net Assets Fund Balance$3,009,844$2,326,720▼ $683,124
Total Liabilities and Net Assets / Fund Balance$7,395,699$7,168,782▼ $226,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,755,227$219,901$5,975,128
Other Land Buildings$1,297,734$292,442$1,590,176
Equipment$958$4,935$5,893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clair S SassinPresident & CEOFT$161,591-$161,591
Kathleen SeifertExecutive DirectorFT$123,502-$123,502
Patrick BurchetteDirector--$70,000$70,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$459,876
Program Service Revenue
$658,426
Investment Income
$6
Other Revenue
$31,246
All Other Contributions
$459,876
Change in Net Assets
$-683,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,145,235
Salaries, Compensation, and Employee Benefits$687,443
Total Fundraising Expense$43,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$304,851--$304,851
Current Officers, Directors, Trustees, and Key Employees$199,565$57,019$28,509$285,093
Interest-$256,068-$256,068
Depreciation Depletion$224,126--$224,126
Fees for Services Accounting-$96,995-$96,995
Insurance$70,063$2,911-$72,974
Fees for Services Other-$69,500-$69,500
Payroll Taxes$47,439$5,362$2,681$55,482
Advertising$49,604--$49,604
Other Employee Benefits$42,017--$42,017
Occupancy$19,800$21,168-$40,968
Fees for Services Legal-$21,121-$21,121
Travel$11,003--$11,003
Office Expenses$8,620--$8,620
Other Expenses$59$6,885$12,109$6,885
Information Technology$4,205--$4,205
Total Functional Expenses$1,221,054$568,325$43,299$1,832,678
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$464,280$768,286▲ $304,006
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATall Ship Providence Foundation2018-12-28$250,000To restore Providence and pre-opening costs.
BTall Ship Providence Foundation2018-08-28$100,000To restore Providence and pre-opening costs.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$250,000---
B$100,000---

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Executive Director and Treasurer review the 990 before it is filed.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy will be reviewed on an annual basis with board members.

Form 990, Part VI, Section C, line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tall Ship Providence Foundation
EIN
82-2485535
Phone
7039151600
Address
201 N Union Street Suite 110, Alexandria, VA 22314

Signing Officer

Name
Kathleen Seifert
Title
Executive Director
Phone
7039151600
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Seifert
Formed
2017
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
3
Employees
34
Volunteers
18

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennica Jardine Whitfield CPA
Phone
7036422700
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IRS990/Desc0Providence is a reproduction of the first ship authorized to serve in the Continental Navy. Our tours are interactive, educational and entertaining. Once our guests "make their mark" they are the newest recruits in the Continental Navy. Their tour guide, a fellow sailor in colonial clothes, distributes cards with job assignments (e.g., purser, master gunner, etc.) and briefs them on the ship and reminds them of the reason they are here. Guests then board Providence and meet Captain John Paul Jones. Once aboard, guests visit the quarterdeck, main deck, Captain's Cabin and the hold. Once the new recruits disembark, they enter our Naval History Theater to view a film, "Providence: Dawn of the U.S. Navy."
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