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Pride of Baltimore Inc

EIN 52-1189136 · Baltimore, MD

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE HISTORICAL MARITIME EDUCATION, FOSTER ECONOMIC DEVELOPMENT AND TOURISM, AND REPRESENT THE PEOPLE OF MARYLAND IN EVERY PORT SHE VISITS. PRIDE OF BALTIMORE II SET SAIL AS THE GOODWILL AMBASSADOR FOR THE STATE OF MARYLAND IN 1988. SHE WAS BUILT TO CONTINUE THE MISSION OF HER PREDECESSOR, PRIDE OF BALTIMORE, TRAGICALLY LOST IN A STORM IN THE ATLANTIC OCEAN IN MAY 1986. TODAY, WITH SUPPORT FROM INDIVIDUALS, BUSINESSES, THE CITY OF BALTIMORE, AND THE STATE OF MARYLAND, PRIDE OF BALTIMORE II SAILS AROUND THE U.S. AND OVERSEAS TO SHARE THE RICH MARITIME HISTORY OF BALTIMORE AND TO PROMOTE MARYLAND'S VIBRANT ECONOMIC DEVELOPMENT OPPORTUNITIES.

Income
$1.4 million
Spending
$1.4 million
Spent on programs
84%
Reserves
1 months of spending
Largest source of income
government grants, 63%
Employees
41
Volunteers
16
Highest pay
$143,112, executive director( till 11/15/2024)

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 months of spending.

  • Debt

    10 of 20

    It owes 32% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    10 of 15

    Income fell 10% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.2 million spent. PRIDE EDUCATES THE PUBLIC ON MARYLAND'S MARITIME HISTORY AND COMMERCE OPPORTUNITIES. AS ONE OF THE MOST RECOGNIZED U.S. HISTORICAL SAILING VESSELS, PRIDE II PROMOTES HISTORICAL MARITIME EDUCATION REGARDING BALTIMORE TOPSAIL SCHOONERS AND THEIR CRUCIAL ROLE IN NAVAL INNOVATION, WAR OF 1812, AND THE PENNING OF THE "STAR-SPANGLED BANNER." SERVES AS A UNIQUE LEARNING PLATFORM TO BUILD SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) PROGRAMS AS WELL AS HISTORY, SOCIAL STUDIES, AND ENVIRONMENTAL STUDIES. SERVES AS A VISUAL REPRESENTATIVE OF AMERICAN HISTORY AND ENTREPRENEURSHIP IN EVERY PORT SHE VISITS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1981.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.