2023-08-14T07:27:54-05:00 2022-09-30 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2021-10-01 020233250 New Hampshire Historical Society NEWH 6038560602 30 Park Street Concord NH 03301 William Dunlap President & CEO 6038560602 2023-08-07 1 William Dunlap 999009999 Connor Smart P02285543 2078792100 2023-08-07 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z William Dunlap 30 Park Street Concord NH 03301 5583961 0 X https://www.nhhistory.org/ X 1823 NH To educate a diverse public about New Hampshire's past and its relationship to our lives today. 20 20 27 40 0 0 675816 3307262 38181 60666 1116780 923358 273413 233098 2104190 4524384 0 0 0 0 1069097 1131506 0 0 201112 993868 1065728 2062965 2197234 41225 2327150 27164397 25324321 454378 210818 26710019 25113503 To educate a diverse public about the significance of New Hampshire's past and its relationship to our lives today. To this end, the Society collects, preserves, and interprets material pertaining to New Hampshire history. 0 0 745306 0 19721 Library and Museum: the New Hampshire Historical Society collects and preserves the most extensive collection of objects, books, manuscripts, and images related to New Hampshire history that can be found anywhere. These collections offer the most complete picture available of the social, economic, political, and cultural history of New Hampshire over nearly four centuries. 454996 0 34216 Education: the Society offers a diverse range of educational programs, including research services, exhibitions, publications, school programs, public programs, technical services, and support of local historical societies. The Society's website and online collations catalog provide broad access to information on library, archival, and museum collections. The Society also offers the New Hampshire History Network (NHHN), a digital gateway that provides centralized access to New Hampshire's history and historical collections through partnerships with local historical societies and other collecting institutions. In 2017, the Society launched "The Democracy Project: Renewing History and Civics Education in New Hampshire Schools," an initiative to address the growing knowledge deficit in history and civics. 316726 0 22674 The Society offers public relations and member services for various visitors and patrons. Other programs include publications, exhibits, facilities, buildings, grounds, and security. The Society also operates an online store, which sells books and goods related to New Hampshire and its history. 1517028 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 1 13 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Michael E Marr Director of Finance 6038560602 30 Park Street Concord NH 03301 David B Clark Trustee 1.00 0.00 X 0 0 0 John E Friberg Jr Trustee 1.00 0.00 X 0 0 0 Helen H Frink Trustee 1.00 0.00 X 0 0 0 Terry M Knowles Trustee 1.00 0.00 X 0 0 0 Rebecca WS More Trustee 1.00 0.00 X 0 0 0 Mike Pride Trustee 1.00 0.00 X 0 0 0 Ann G Remus Trustee 1.00 0.00 X 0 0 0 Carol M Rymes Trustee 1.00 0.00 X 0 0 0 Marilyn G Soper Trustee (start 6/2022) 1.00 0.00 X 0 0 0 Bruce R Stefany Trustee (end 8/2022) 1.00 0.00 X 0 0 0 Kurt M Swenson Trustee 1.00 0.00 X 0 0 0 Gregg R Tewksbury Trustee 1.00 0.00 X 0 0 0 William W Upton Trustee 1.80 0.00 X 0 0 0 William P Veillette Trustee 1.00 0.00 X 0 0 0 Robert A Wells Trustee 1.00 0.00 X 0 0 0 Philip Zea Trustee 1.00 0.00 X 0 0 0 David B Ruedig Chair 2.00 0.00 X X 0 0 0 Sylvia B Larsen Vice Chair 1.00 0.00 X X 0 0 0 Joseph L Taggart Vice Chair 1.00 0.00 X X 0 0 0 Michael R Reopel Treasurer 1.00 0.00 X X 0 0 0 James L Garvin Secretary 1.00 0.00 X X 0 0 0 William Dunlap President & CEO 40.00 0.00 X 148144 0 7407 148144 0 7407 1 0 1 0 0 347099 311566 2648597 191301 3307262 Educational programs 611710 34216 34216 Museum fees 611710 11782 11782 Library fees 611710 7939 7939 Publications 511190 6729 6729 60666 569417 569417 361 361 326110 109318 216792 216792 216792 1301741 947800 353941 353941 353941 18404 2459 15945 15945 4524384 76611 0 1140511 X 155551 95813 36901 22837 830385 511483 196988 121914 33293 20507 7898 4888 38875 23946 9222 5707 73402 45213 17412 10777 2401 2401 20460 20460 105092 105092 299161 245353 38226 15582 40416 29179 6931 4306 74463 53760 12769 7934 122803 113137 8903 763 5137 3709 881 547 11156 10840 316 2077 2077 283268 273589 3822 5857 27586 20018 7568 Museum programs 49082 49082 Library programs 21399 21399 UBI taxes 1227 1227 2197234 1517028 479094 201112 200753 301770 695324 1429075 16038 1107939 36676 16590 65918 148962 8990986 5366748 3806882 3624238 17944899 13863844 3414063 4015762 247775 167080 736069 649061 27164397 25324321 105782 106966 22190 15918 208301 0 118105 87934 454378 210818 X 15348562 13675653 11361457 11437850 26710019 25113503 27164397 25324321 X 2327150 -3530770 -392896 X X 0 1 X 1 0 X 877042 1101743 949633 675816 3307262 6911496 877042 1101743 949633 675816 3307262 6911496 918456 5993040 1242618 701612 712242 656657 786570 4099699 12966 14969 70460 98395 11109590 308199 0.53940 0.46290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 19638504 508155 -2765052 830454 16551153 16798669 3637452 797617 19638504 16612119 43315 930599 787364 16798669 14442256 288198 2557884 676219 16612119 13918486 81652 1105297 663179 14442256 0.56670 0.30030 0.13300 1 0 200000 200000 7583713 4245069 3338644 53402 1186 52216 906771 873393 33378 247100 247100 0 3624238 Private equities 1388619 F Alternative investments 39558 F Beneficial interest in a Trust 1622138 F Corporate and government bonds 965447 F 4015762 Charitable remainder unitrust payable 87934 87934 X 645521 -3530770 42344 2459 -3485967 4131488 392896 392896 4524384 2242037 42344 2459 44803 2197234 0 2197234 Part III, Line 1a: In accordance with SFAS 116, the Society has elected not to report collection items in its Statement of Financial Position or Statement of Activities. Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as a decrease in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchase with donor-restricted assets. Contributions of collection items are not recognized in the Statement of Activities. The Society has a policy that requires net proceeds realized from the sale or transfer of deaccessioned objects will be used only for acquisition and conservation of collections. The Society's collections include books, manuscripts, photographs, research materials and objects relating to the history of New Hampshire. These collections have been acquired by donation, bequests, and purchases. Collection items are acquired or conserved based on the Society's long-range plans for collections development. Collections are made available for scholarly use by the public and maintained under appropriate security and preservation conditions. Part III, Line 4: The Society's collections include books, manuscripts, photographs, research materials, and objects relating to the history of New Hampshire. These collections have been acquired by donation, bequests, and purchases. Collection items are acquired or conserved based on the Society's long-range plans for collections development. Collections are made available for scholarly use by the public and maintained under appropriate security and preservation conditions. Part V, Line 4: The Society adheres to the Other Presentation Matters section of the Presentation of Financial Statements for Not-for-Profit Organizations topic of ASC 958-205-45. ASC 958-205-45 provides guidance on the net asset classification of donor-restricted endowment funds for a nonprofit organization that is subject to an enacted version of the Uniform Prudent Management of Institutional Funds Act (UPMIFA). ASC 958-205-45 also requires additional disclosures about an organization's endowment funds (both donor-restricted endowment funds and board-designated endowment funds) whether or not the organization is subject to UPMIFA. The Board of Trustees of the Society has interpreted UPMIFA as allowing the Society to appropriate for expenditure or accumulate so much of an endowment fund as the Society determines is prudent for the uses, benefits, purposes and duration for which the endowment fund is established, subject to the intent of the donor as expressed in the gift instrument. The Society's endowment funds consist of both donor-restricted endowments and unrestricted, board designated net assets. Accordingly, income from the Organization's endowment funds consists of revenue streams that are both available for general expenditure, as well as other revenues that are purpose, use, and/or term restricted. The restriction imposed on income from the endowments depends on the underlying funds that such revenue is generated from, and any applicable restrictions imposed on those investments. As part of the Society's liquidity management, it has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. In addition, the Society has board designated endowment of $9,490,526. Although the Society does not intend to spend from its board designated endowment other than amounts appropriated for general expenditure as part of its annual budget approval and appropriation process, amounts from the board designated endowment could be made available if necessary. In accordance with UPMIFA, the Society considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) the duration and preservation of the various funds, (2) the purposes of the donor-restricted endowment funds, (3) general economic conditions, (4) the possible effect of inflation and deflation, (5) the expected total return from income and the appreciation of investments, (6) other resources of the Society, and (7) the investment policies of the Society. The majority of the Society's designated funds for endowment are to be used for: general operations; museum acquisitions and conservation; library acquisitions and conservation; publications; educational programs and services; and building improvements and repairs. Part X, Line 2: The Society is a not-for-profit organization exempt under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation; however, certain unrelated business income is subject to federal taxation. For the year ended September 30, 2022, there was no liability for a tax on unrelated business income. The Society has adopted the provisions of ASC 740, Accounting for Uncertainty in Income Taxes. Accordingly, management has evaluated the Society's tax positions and concluded the Society had maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertain tax positions that require adjustment or disclosure in the financial statements. With few exceptions, the Society is no longer subject to income tax examinations by the U.S. Federal or State tax authorities for years before 2019. Part XI, Line 2d - Other Adjustments: Museum store cost of goods sold 2,459. Part XI, Line 4b - Other Adjustments: Change in present value of charitable remainder unitrust 5,031. Change in value of beneficial interest in a trust 387,865. Part XII, Line 2d - Other Adjustments: Museum store cost of goods sold 2,459. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Foreign investments 1389000 0 0 0 0 0 0 1389000 0 1389000 0 0 1 0 0 0 Part III Accounting Method: Schedule F, Part IV, Line 3: The Organization held an interest in a Cayman Islands exempted company during the tax year covered by this tax return. The Organization did not hold an adequate controlling interest to require filing Form 5471, and the Organization did not make any transfers to the foreign entity during this tax year. X X X 0 0 0 0 0 0 0 0 0 William Dunlap President & CEO 147661 0 0 0 483 0 7407 0 0 0 155551 0 0 0 William Dunlap President & CEO The Society maintains a banking relationship with Merrimack County Savings Bank, for which William Dunlap, the President of the Society, is the Chair of the Bank's Board of Directors. The banking relationship includes asset accounts equaling $1,084,184 and $374,711 at September 30 2022 and 2021, respectively, and transactions within these accounts exceeded $10,000 for this tax year (an exact figure for all transactions cannot be stated due to daily account activity and balance changes). There were no liability accounts at September 30, 2022 and 2021. All transactions with the Bank are at fair market value for fiscal year ended 9/30/2022. 0 X 1 191301 Gift Date FMV 0 1 0 Part I, Line 33: In accordance with SFAS 116, the Society has elected not to report collection items in its Statement of Financial Position or Statement of Activities. Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as a decrease in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchase with donor-restricted assets. Contributions of collection items are not recognized in the Statement of Activities. The Society has a policy that requires net proceeds realized from the sale or transfer of deaccessioned objects will be used only for acquisition and conservation of collections. The Society's collections include books, manuscripts, photographs, research materials and objects relating to the history of New Hampshire. These collections have been acquired by donation, bequests, and purchases. Collection items are acquired or conserved based on the Society's long-range plans for collections development. Collections are made available for Scholarly use by the public and maintained under appropriate security and preservation conditions. Form 990, Part VI, Section A, line 6 Membership Categories: the Society shall consist of individual, couple, family, life, business, and institutional members in good standings by virtue of their having paid their dues and such other categories of membership as may from time to time be established by the Board of Trustees, including complimentary members who are not required to pay any dues. Qualifications: membership shall be open to all of the above who are interested in furthering the purposes and work of the Society, to be effective upon payment of designated dues, and shall be valid for one year from the date of payment. Rights and Privileges of Membership: only those members of all categories that have paid their dues and are in good standing shall be entitled to vote, one vote per member, at all meetings of the members, and to the full privileges of membership in the Society, as determined from time to time by, and subject to such regulations as may be prescribed by, the Board of Trustees. Voting is limited to persons eighteen (18) years of age or older. Voting may be exercised in person or by proxy as determined by the Trustees, in which event proxies shall be counted for the purpose of determining a quorum. Dues: the Board of Trustees shall from time to time determine the amount of annual dues payable by members of each category. When any member shall become delinquent in the payment of dues, his or her membership shall terminate and he or she shall no longer be a member in good standing. Form 990, Part VI, Section A, line 7a The Members vote to elect members of the Board of Trustees at the annual meeting. Members do not vote to elect Officers of the Board; Officers are elected by the Board itself. Additionally, it is the Organization's Board of Trustees, as elected by the Members, that shall establish all Society policies, plans, programs, budgets, and expenses; the Members themselves do not engage in these governance decisions. Form 990, Part VI, Section B, line 11b The Organization engages an independent public accounting firm to prepare its Form 990 on its behalf. The completed Form 990 is presented by the engaged accountants to the applicable officers and to the full Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Trustees having a real or apparent conflict of interest in any matter before the Board must disclose the possible conflict and exclude themselves from the discussion and/or the vote on the matter in question. Trustees having an interest in a proposed pecuniary benefit transaction with the Society that is brought before the Board shall have an affirmative obligation to disclose such interest and shall be prohibited from being present during or participating in the discussion on the subject or voting thereon. The Board shall authorize the Society to enter into such transactions only in accordance with the applicable provisions of RSA 7:19-A. Form 990, Part VI, Section B, line 15 The Executive and Compensation Committees of the Society strive to ensure that the process for determining the compensation and benefits offered to the top officials and executives of the New Hampshire Historical Society is efficient, effective, and ultimately serves the public and furthers the Society's mission. The Institution adheres to good governance practices in establishing executive compensation. The Executive Committee serves as the Compensation Committee of the Society and makes recommendations to the full Board of Trustees in matters of the President's terms of employment, including compensation and benefits. The compensation and benefits of the President are set forth in either a written compensation and benefits term sheet, or in a formal written employment agreement executed between the Society and the President. The Executive Committee will submit the recommended compensation term sheet or formal employment agreement with the President to the Board of Trustees for discussion and action. The Board and Executive Committee discuss the matter during a portion of the board meeting when the President is excused from the meeting and not present. The term sheet or formal agreement with the President must be approved by a majority vote of the Board of Trustees present at a duly called and held Board of Trustees meeting where the required quorum of Directors is present to conduct a meeting. Comparisons of public data on compensation are used and documented in determining the President's compensation, as well as facts and circumstances relating to the past performance of the President. The President's compensation package is reviewed regularly by the Board of Trustees. The President of the Society is responsible for all administrative details and for the implementation of policies, programs, and long range objectives approved by the Board of Trustees, including compensation and benefits offered to officers and senior managers. The President exercises full supervision and management of all personnel, assigns duties, and so forth within the policies approved by the Board. Compensation for senior managers is determined through a due diligence process that the President employs based upon the comparisons of public data, particularly the published wage scales of the New England Museum Association, past performance, and the ambitious goals stated in senior managers' annual work plan objectives. Overall compensation is reviewed by the Finance Committee and a recommendation is made to the Board of Trustees for their approval as part of the annual budget process. Form 990, Part VI, Section C, line 19 The Society's audited financial statements are available on the Society's website, or by appointment at the library. The governing documents and conflict of interest policy are available by appointment at the Society's library in Concord, NH. Form 990, Part IX, line 11g Maintenance service contracts: Program service expenses 44,342. Management and general expenses 10,606. Fundraising expenses 2,816. Total expenses 57,764. Admin and Comm. Support: Program service expenses 148,138. Management and general expenses 14,974. Fundraising expenses 9,408. Total expenses 172,520. Facilities contract services: Program service expenses 48,958. Management and general expenses 11,710. Fundraising expenses 3,109. Total expenses 63,777. Library catalog contract: Program service expenses 3,915. Management and general expenses 936. Fundraising expenses 249. Total expenses 5,100. Form 990, Part XI, line 9: Change in present value of charitable remainder unitrust -5,031. Change in value of beneficial interest in a trust -387,865. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. Charitable Remainder Trust Income and distributions for beneficiaries NH N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0