American Folk Art Museum to Offer Exhibition at Seaport With Museum of the City of New York Having survived a near-death experience last fall, the American Folk Art Museum will present an exhibition starting June 20 at the South Street Seaport Museum with the Museum of the City of New York, which now operates the Seaport Museum. The exhibition, "Compass: Folk Art in Four Directions," announced on Tuesday, will draw on the Folk Art Museum's collection to describe the Seaport as a bustling international port in the early 1800s. The show will occupy four galleries and run through Oct. 7. Operating in its smaller Lincoln Square site opposite Lincoln Center - having closed its building on West 53rd Street last year - the museum has started a search for a new director, added two new trustees and has been operating at a better than break-even annual budget of about $3.5 million, according to Monty Blanchard, the museum's president. "A lot of the trends that felt so negative for so long seem to have reversed themselves," Mr. Blanchard said in an interview. There is a great spirit of revitalization at the museum.