MARTHAS VINEYARD MUSEUM INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MARTHAS VINEYARD MUSEUM INC (EIN 04-2160642)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-09-12
- IRS object ID
- 202212559349301001
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-12T10:00:20-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043037870 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042160642 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTHA'S VINEYARD MUSEUM INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MART | BusinessNameControlTxt |
| Phone | 5086274441 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 151 LAGOON POND ROAD | AddressLine1Txt |
| City | VINEYARD HAVEN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02568 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HEATHER SEGER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 5086274441 | PhoneNum |
| Signature | 2022-08-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | HEATHER | PersonFirstNm |
| Person Last | SEGER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BARBARA E KING | PreparerPersonNm |
| PTIN | P00005629 | PTIN |
| Phone | 5087557107 | PhoneNum |
| Preparation | 2022-08-17 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HEATHER SEGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 151 LAGOON POND ROAD | AddressLine1Txt |
| City | VINEYARD HAVEN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02568 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,497,000 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MVMUSEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1923 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MARTHA'S VINEYARD MUSEUM INSPIRES ALL PEOPLE TO DISCOVER, EXPLORE, AND STRENGTHEN THEIR CONNECTIONS TO THIS ISLAND AND ITS DIVERSE HERITAGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 34 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,388,462 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,922,060 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $82,360 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $239,685 | CYProgramServiceRevenueAmt |
| PY Investment Income | $110,388 | PYInvestmentIncomeAmt |
| CY Investment Income | $163,049 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,239 | PYOtherRevenueAmt |
| CY Other Revenue | -$45,377 | CYOtherRevenueAmt |
| PY Total Revenue | $2,586,449 | PYTotalRevenueAmt |
| CY Total Revenue | $3,279,417 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,297,011 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,238,463 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $181,681 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,119,001 | PYOtherExpensesAmt |
| CY Other Expenses | $2,248,183 | CYOtherExpensesAmt |
| PY Total Expenses | $3,416,012 | PYTotalExpensesAmt |
| CY Total Expenses | $3,486,646 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$829,563 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$207,229 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $28,426,122 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,598,045 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,219,115 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,483,940 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,207,007 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,114,105 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MARTHA'S VINEYARD MUSEUM INSPIRES ALL PEOPLE TO DISCOVER, EXPLORE, AND STRENGTHEN THEIR CONNECTIONS TO THIS ISLAND AND ITS DIVERSE HERITAGE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,707,260 | ExpenseAmt |
| Revenue | $259,445 | RevenueAmt |
| Desc | EXHIBITIONS, PROGRAMS, EVENTS, AND RESEARCH LIBRARY FOCUSING ON MARTHA'S VINEYARD HISTORY AND CULTURE | Desc |
| Total Program Service Expenses | $2,707,260 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 34 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAROL H CARROLL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5086274441 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 151 LAGOON POND ROAD | AddressLine1Txt |
| City | VINEYARD HAVEN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02568 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ALISON SHAW | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DALE GARTH | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JONATHAN BLUM | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SHELLEY STEWART | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CALVIN LINNEMANN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CATHY WEISS | ||||||
| BOARD CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER MORSE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GORDON CROMWELL | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID LEWIS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JILL COWAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DENYS WORTMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH HAWES WEINSTOCK | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH REISNER PICKMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| FRED JACKSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KAHINA VAN DYKE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEB BLATT | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LANA WOODS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MARCIA MULFORD CINI | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MEREDITH DEGEN | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PAUL SCHNEIDER | ||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PHILIP REGAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT BLACKLOW | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NAT BENJAMIN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID FOSTER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID GRAIN | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CAROL H CARROLL | ||||||
| DIRECTOR OF FINANCE & ADMI | 40.00 | $68,737 | $0 | $13,415 | Yes (X) | |
| HEATHER SEGER | ||||||
| EXECUTIVE DIRECTOR | 40.00 | $145,461 | $0 | $3,375 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $214,198 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $16,790 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $201,744 | MembershipDuesAmt |
| Fundraising | $271,083 | FundraisingAmt |
| Government Grants | $265,628 | GovernmentGrantsAmt |
| All Other Contributions | $2,183,605 | AllOtherContributionsAmt |
| Total Contributions | $2,922,060 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LECTURES & TALKS ADMIS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $239,685 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $239,685 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $239,685 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $146,978 | TotalRevenueColumnAmt |
| Exclusion | $146,978 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $84,500 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $68,429 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,071 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,071 | TotalRevenueColumnAmt |
| Exclusion | $16,071 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $61,824 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $271,083 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $126,961 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$65,137 | TotalRevenueColumnAmt |
| Exclusion | -$65,137 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $41,953 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $22,193 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,760 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,760 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,279,417 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $259,445 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $97,912 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,198 | TotalAmt |
| Program Services | $14,546 | ProgramServicesAmt |
| Management And General | $156,014 | ManagementAndGeneralAmt |
| Fundraising | $43,638 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $847,857 | TotalAmt |
| Program Services | $715,026 | ProgramServicesAmt |
| Management And General | $106,106 | ManagementAndGeneralAmt |
| Fundraising | $26,725 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,976 | TotalAmt |
| Program Services | $54,316 | ProgramServicesAmt |
| Management And General | $26,392 | ManagementAndGeneralAmt |
| Fundraising | $10,268 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,432 | TotalAmt |
| Program Services | $58,687 | ProgramServicesAmt |
| Management And General | $21,085 | ManagementAndGeneralAmt |
| Fundraising | $5,660 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,272 | TotalAmt |
| Management And General | $6,272 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,841 | TotalAmt |
| Program Services | $39,812 | ProgramServicesAmt |
| Management And General | $5,924 | ManagementAndGeneralAmt |
| Fundraising | $1,105 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,555 | TotalAmt |
| Program Services | $7,467 | ProgramServicesAmt |
| Management And General | $17,088 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $547,397 | TotalAmt |
| Program Services | $426,719 | ProgramServicesAmt |
| Management And General | $111,195 | ManagementAndGeneralAmt |
| Fundraising | $9,483 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $983,207 | TotalAmt |
| Program Services | $884,886 | ProgramServicesAmt |
| Management And General | $78,657 | ManagementAndGeneralAmt |
| Fundraising | $19,664 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,130 | TotalAmt |
| Program Services | $57,717 | ProgramServicesAmt |
| Management And General | $5,130 | ManagementAndGeneralAmt |
| Fundraising | $1,283 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LIGHTHOUSE RENOVATIONS | $259,700 | $259,700 | ||
| OTHER | $97,240 | $15,974 | $45,394 | $35,872 |
| COLLECTION & EXHIBITS | $90,491 | $90,491 | ||
| CONTRACT SERVICES | $59,004 | $18,448 | $18,448 | $22,108 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,346 | TotalAmt |
| Program Services | $63,471 | ProgramServicesAmt |
| Fundraising | $5,875 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,486,646 | TotalAmt |
| Program Services | $2,707,260 | ProgramServicesAmt |
| Management And General | $597,705 | ManagementAndGeneralAmt |
| Fundraising | $181,681 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,190,727 | BOYAmt |
| EOY | $1,256,089 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $811,118 | BOYAmt |
| EOY | $428,567 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,453 | BOYAmt |
| EOY | $44,431 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,981 | BOYAmt |
| EOY | $27,892 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $26,100,488 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,261,578 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,546,447 | BOYAmt |
| EOY | $22,838,910 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,811,146 | BOYAmt |
| EOY | $3,002,156 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,426,122 | BOYAmt |
| EOY | $27,598,045 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $419,115 | BOYAmt |
| EOY | $483,940 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,800,000 | BOYAmt |
| EOY | $6,000,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,219,115 | BOYAmt |
| EOY | $6,483,940 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,141,423 | BOYAmt |
| EOY | $17,582,721 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,065,584 | BOYAmt |
| EOY | $3,531,384 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,207,007 | BOYAmt |
| EOY | $21,114,105 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,426,122 | BOYAmt |
| EOY | $27,598,045 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$207,229 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $147,327 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$33,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,085,040 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,821,177 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,627,741 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,388,462 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,922,060 | CurrentTaxYearAmt |
| Total | $20,844,480 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,085,040 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,821,177 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,627,741 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,388,462 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,922,060 | CurrentTaxYearAmt |
| Total | $20,844,480 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,315,704 | SubstantialContributorsTotAmt |
| Public Support Total170 | $17,528,776 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,519 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $97,217 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $87,515 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $110,388 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $163,049 | CurrentTaxYearAmt |
| Total | $500,688 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $21,345,168 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,136,907 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.82120 | PublicSupportCY170Pct |
| Public Support PY170 | 0.82380 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,811,146 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $275,510 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $84,500 | OtherExpendituresAmt |
| End Year Balance | $3,002,156 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,483,614 | BeginningYearBalanceAmt |
| Contributions | $65,000 | ContributionsAmt |
| Investment Earnings Or Losses | $335,332 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $72,800 | OtherExpendituresAmt |
| End Year Balance | $2,811,146 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,882,854 | BeginningYearBalanceAmt |
| Contributions | $275,000 | ContributionsAmt |
| Investment Earnings Or Losses | $384,360 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $58,600 | OtherExpendituresAmt |
| End Year Balance | $2,483,614 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,568,212 | BeginningYearBalanceAmt |
| Contributions | $467,256 | ContributionsAmt |
| Investment Earnings Or Losses | -$96,547 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $56,067 | OtherExpendituresAmt |
| End Year Balance | $1,882,854 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,203,926 | BeginningYearBalanceAmt |
| Contributions | $186,158 | ContributionsAmt |
| Investment Earnings Or Losses | $178,128 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,568,212 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,154,333 | OtherCostOrOtherBasisAmt |
| Book Value | $2,154,333 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,336,540 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,546,119 | DepreciationAmt |
| Book Value | $18,790,421 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,940,442 | OtherCostOrOtherBasisAmt |
| Depreciation | $715,459 | DepreciationAmt |
| Book Value | $1,224,983 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $669,173 | OtherCostOrOtherBasisAmt |
| Book Value | $669,173 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,838,910 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $3,448,937 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $147,327 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $22,193 | OtherRevenueAmt |
| Revenue Not Reported | $169,520 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,279,417 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,279,417 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,541,839 | TotExpnsEtcAuditedFinclStmtAmt |
| Losses Reported | $33,000 | LossesReportedAmt |
| Other Expenses Included | $22,193 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $55,193 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,486,646 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,486,646 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DE-ACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PROCEEDS FROM DE-ACCESSIONS ARE REFLECTED AS INCREASES IN UNRESTRICTED NET ASSETS. THE MUSEUM HAS ESTABLISHED A POLICY THAT REQUIRES THE PROCEEDS FROM ITEMS DE-ACCESSED TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. |
| PART III, LINE 4: | MARTHA'S VINEYARD MUSEUM CONSISTS OF THE RENOVATED MARINE HOSPITAL/ST. PIERRE CAMP PROPERTY IN TISBURY. THE MUSEUM HAS PERMANENT AND CHANGING EXHIBITS THAT EXPLORE THE HISTORY, CULTURE, ART, NATURAL HISTORY AND LANDSCAPE OF MARTHA'S VINEYARD ISLAND. THE MUSEUM OFFERS A LARGE RANGE OF ADULT AND CHILDREN'S EDUCATIONAL PROGRAMS, EXHIBITS, AND EVENTS TO MEMBERS AND THE GENERAL PUBLIC. IN ADDITION TO THE MAIN CAMPUS IN TISBURY, THE MARTHA'S VINEYARD MUSEUM ALSO HAS THE COOKE HOUSE PROPERTY IN EDGARTOWN AND STEWARDSHIP OF THE EDGARTOWN AND EAST CHOP LIGHTHOUSES. |
| PART V, LINE 4: | THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE A STEADY BUT GROWING STREAM OF INCOME TO THE MUSEUM OVER FUTURE YEARS. THE ENDOWMENT WILL PROVIDE THE MEANS FOR THE MUSEUM TO ACCEPT LASTING GIFTS FROM INDIVIDUALS AND OTHER ENTITIES THAT WILL BOTH HONOR AND PERPETUATE THE MISSION OF THE MUSEUM AND THE MUSEUM'S PROGRAMS IN CARRYING OUT THAT MISSION. THE MUSEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE MUSEUM TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE MUSEUM MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE MUSEUM AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE MUSEUM; AND THE INVESTMENT POLICIES OF THE MUSEUM. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A PORTFOLIO OF DEBT AND EQUITY SECURITIES WITH THE OBJECTIVE OF ACHIEVING LONG-TERM CAPITAL APPRECIATION WHILE MODERATING THE LEVEL OF INVESTMENT RISK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE MUSEUM RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST, DIVIDENDS AND NET RENTAL INCOME). THE MUSEUM HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE MUSEUM HAS A POLICY THAT THE BOARD, AFTER CONSULTATION WITH THE FINANCE COMMITTEE, MAY APPROPRIATE FOR DISTRIBUTION EACH YEAR NOT MORE THAN 5% OF THE APPLICABLE MARKET VALUE OF THE ENDOWMENT. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 22,193. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 22,193. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DISCOVERY WEEKEND | Event1Nm |
| Gross Receipts Event1 | $316,057 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $254,233 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $61,824 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $31,238 | NonCashPrizesEvent1Amt |
| Other Direct Expenses Event1 | $92,608 | OtherDirectExpensesEvent1Amt |
| Event2 | MOVIE SCREENING | Event2Nm |
| Gross Receipts Event2 | $16,850 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $16,850 | CharitableContriEvent2Amt |
| Other Direct Expenses Event2 | $3,115 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $332,907 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $271,083 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $61,824 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $31,238 | NonCashPrizesTotalEventsAmt |
| Oth Direct Expnss Total Events | $95,723 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $126,961 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$65,137 | NetIncomeSummaryAmt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | GAAP | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | GAAP | MethodOfDeterminingRevenuesTxt |
Historical Artifacts HistoricalArtifactsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 57 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | GAAP | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP CONSISTS OF A VARIETY OF DIFFERENT LEVELS INCLUDING UNLIMITED ACCESS TO OUR CHANGING EXHIBITIONS, GALLERIES, GIFT SHOP, AND CAFE THROUGHOUT THE YEAR. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNANCE OF THE MUSEUM, ITS LIBRARIES, MUSEUMS, COLLECTIONS, AND OTHER PROPERTIES IS VESTED IN A BOARD OF DIRECTORS ELECTED FROM AMONG MEMBERS OF THE MUEUM BY A MAJORITY OF THOSE MEMBERS PRESENT AND VOTING AT THE ANNUAL MEETING, PROVIDED THE QUORUM REQUIREMENTS ARE MET WITH RESPECT TO SUCH MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT COPY OF THE RETURN WILL BE CIRCULATED TO THE MEMBERS OF THE FINANCE COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE FINAL RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS AND DIRECTORS MUST NOTIFY THE BOARD ANNUALLY WITH ANY CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION IS SET BY REVIEWING JOB RESPONSIBILITIES, LENGTH OF SERVICE, COMPARABLE SALARIES THROUGH NEW ENGLAND MUSEUM ASSOCIATION INFORMATION AND LOCAL COMPARABLES EMPLOYEES ONLY-OFFICERS AND DIRECTORS ARE NOT COMPENSATED. |
| FORM 990, PART VI, SECTION C, LINE 19 | REQUESTS FOR INSPECTION OF THE RETURNS ARE FORWARDED TO THE EXECUTIVE DIRECTOR OR BUSINESS MANAGER WHO MAKE THE NECESSARY ARRANGEMENTS TO PROVIDE ACCESS TO THE RETURNS. |
| FORM 990, PART XI, LINE 9: | LOSS ON UNCOLLECTIBLE PLEDGES -33,000. |
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