Mystic Seaport Annual Reports
A Message from the Chairman of the Board of Trustees
As I finish my term as your chairman, I would like to express my thanks to every member of our talented staff, to our dedicated trustees, to our loyal volunteers, and to our many generous donors for all of their efforts and contributions over the past year.
Our overall fiscal 2012-2013 financial results continued to demonstrate satisfactory progress towards strategic goals and stable financials. Our operating metrics were also solid, and we continue to offer an engaging slate of programming for our many constituencies.
An encouraging indicator of the continuing appeal of our exhibits and programs was we were able to maintain overall attendance close to the prior year despite the disruption of Hurricane Sandy. Educational programs, including the Williams-Mystic Maritime Studies Program, also enjoyed a year of strong enrollment and strong financial results. Increased investment by the State of Connecticut to promote tourism in our region has also enhanced our visibility and stature as a world-class maritime destination.
Looking ahead, trustees, staff, and volunteers are focused on the scheduled 2014 completion of the Charles W. Morgan restoration and her 38th Voyage, breaking ground for a new state-of-the-art exhibition facility to complement our renowned Collections Research Center, enhancing our web capability to support our online learning initiatives, and lastly and most importantly, continuing our investment in our staff and human resources.
These critical goals will require significant additional funding support from our many members and loyal friends as well as from new friends and supporters. Helped by a favorable stock market and several generous bequests, our total investment portfolio reached $44.3 million as of April 30, 2013, which was well above the level of several years ago.
It goes without saying that all of us in the present generation of members, staff, trustees, and generous donors are committed to ensure that there is a bright future for this uplifting and vitally important enterprise called Mystic Seaport—just as those who came before us did and those who will follow will surely do.
With your help and support, we will advance our mission to educate the public to the continuing importance of the American maritime experience as an underpinning to the story of America and its people. As the largest and greatest seafaring and trading nation that the world has ever known, the United States must have the greatest maritime museum. We already have one—Mystic Seaport.
With your continued support, we can achieve that aspiration.
Richard R. Vietor
Chairman of the Board of Trustees
This message is from the 2012-2013 Annual Report.