2020-02-14T14:54:20-06:00 2019-03-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2018-04-01 042104937 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES SOCI 6179945900 141 CAMBRIDGE STREET BOSTON MA 021142702 CARL R NOLD PRESIDENT/CEO 6172273957 2020-02-10 1 BARBARA E KING P00005629 5087557107 2020-02-10 71.11.10.178 2020-02-10 15:10:31 ES P 954A65DB1995863A37271E4766999F33303993D7 BA9330C4F65E466DA85BB67B957660A2D57B617D 2018 2020-09-23 17:36:50Z HISTORIC NEW ENGLAND CARL R NOLD 141 CAMBRIDGE STREET BOSTON MA 021142702 26596810 0 X HISTORICNEWENGLAND.ORG X 1910 MA WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 20 19 366 504 -186039 0 9859756 3879634 685342 674787 5146423 2435207 337825 484634 16029346 7474262 91474 94985 0 0 6663388 7151349 0 0 683160 4877659 5436880 11632521 12683214 4396825 -5208952 156315276 146454085 3559426 3707167 152755850 142746918 WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 0 0 7743028 94985 MUSEUMS - THE 37 HISTORIC PROPERTIES OWNED AND RUN BY HISTORIC NEW ENGLAND HAVE BEEN VISITED BY OVER 211,028 INDIVIDUALS. THE PROGRAMS INCLUDE EDUCATION, PUBLIC OUTREACH, AND CURATORIAL CARE FOR OVER 123,000 OBJECTS AND 1,500,000 DOCUMENTS AND PHOTOGRAPHS 2244292 CONSERVATION AND PRESERVATION- HISTORIC NEW ENGLAND PROVIDES PROPERTY CARE AND MANAGEMENT SERVICES FOR ALL OF THE ORGANIZATIONS HISTORIC PROPERTIES AND LANDSCAPES 237050 PRESERVATION EASEMENT PROGRAM- HISTORIC NEW ENGLAND ADMINISTERS 111 EASEMENTS THAT PROTECT HISTORIC BUILDINGS THROUGHOUT NEW ENGLAND. 10224370 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 63 0 1 366 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CT ME NH RI VT X X SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 6179945962 151 ESSEX STREET HAVERHILL MA 018325564 JACOB D ALBERT TRUSTEE 2.00 X 0 0 0 JEFFREY P BEALE TRUSTEE 2.00 X 0 0 0 JAMES F HUNNEWELL JR TRUSTEE 2.00 X 0 0 0 CHRISTOPHER KARPINSKY TRUSTEE 2.00 X 0 0 0 SIDNEY KENYON TRUSTEE 2.00 X 0 0 0 ELIZABETH H OWENS TRUSTEE 2.00 X 0 0 0 SYLVIA Q SIMMONS VICE-CHAIR 2.00 X X 0 0 0 NANCY B TOOKE TRUSTEE 2.00 X 0 0 0 STEPHEN H WHITE TRUSTEE 2.00 X 0 0 0 DAVID A MARTLAND CHAIR OF THE BOARD 2.00 X X 0 0 0 DAVID L FEIGENBAUM VICE-CHAIR 2.00 X X 0 0 0 RANDY J PARKER TREASURER 2.00 X X 0 0 0 JOAN M BERNDT CLERK 2.00 X X 0 0 0 SANDRA O MASSEY EX-OFFICIO/CHAIR BOARD OVE 2.00 X 0 0 0 CARL R NOLD PRESIDENT/CEO 40.00 X X 312033 0 72300 GEORGE F FISKEJR TRUSTEE 2.00 X 0 0 0 JULIE A PORTER TRUSTEE 2.00 X 0 0 0 ANGIE SIMONDS TRUSTEE 2.00 X 0 0 0 RICHARD C ALBRIGHT JR TRUSTEE 2.00 X 0 0 0 GREGORY D LOMBARDI TRUSTEE 2.00 X 0 0 0 KRISTIN L SERVISON TRUSTEE 2.00 X 0 0 0 WENDY GUS DIRECTOR OF FINANCE 40.00 X 105773 0 19884 DIANE L VIERA EXECUTIVE VP & COO 40.00 X 184835 0 18932 JENNIFER KENT VP OF ADVANCEMENT 40.00 X 149380 0 11802 DAVID DWIGGINS IT OFFICER 40.00 X 110986 0 4197 863007 0 127115 5 0 1 0 OLDE MOHAWK 87 EAST EMERSIB STREET MELROSE MA 02176 CONSTRUCTION SERVICES 269415 TESSITURA NETWORK INC PO BOX 203410 DALLAS TX 75320 IT CONSULTING 208912 RODENHISER EXCAVATING INC 70 BARTZAK DRIVE HOLLISTON MA 01746 CONSTRUCTION SERVICES 189973 GLENN BATTEN 137 LINDEN STREET HAMILTON MA 01982 CONSTRUCTION SERVICES 145625 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 COMPUTER EQUIPMENT 119477 5 445473 356007 3078154 171303 3879634 ADMISSIONS 713990 674787 674787 674787 3011062 3011062 6607 6607 629409 439407 209957 439678 419452 -271 419181 380116 39065 16260351 1088679 16057123 1867762 203228 -779083 -575855 -779083 203228 283852 88900 194952 194952 294922 459128 -164206 60898 -225104 MISCELLANEOUS INCOME 713990 28100 28100 28100 7474262 364818 -186039 3415849 94985 94985 863007 233900 389595 239512 4986043 4252152 452868 281023 199681 129577 45300 24804 694513 495870 131804 66839 408105 317818 56983 33304 55703 16563 39140 50132 50132 728988 583190 145798 70657 70657 136134 109797 26337 490134 348442 129497 12195 391299 344023 37618 9658 609738 566077 43661 194568 135308 55002 4258 22898 11599 11318 -19 36881 36881 558375 510506 46277 1592 133233 122476 10757 FACILITY IMPROVEMENTS & 1273380 1266233 7057 90 GROUNDS IMPROVEMENT & M 613504 613504 PROGRAM AND EVENT EXPEN 356680 339993 7162 9525 COLLECTIONS & EXHIBITIO 147429 147302 121 6 -432853 -451826 18600 373 12683214 10224370 1775684 683160 962615 636943 473888 176197 248773 68346 232220 219635 88446 106921 12539878 5085530 9390721 7454348 134251146 127379054 10104765 9793748 562702 618893 156315276 146454085 2142991 2321431 1089232 965096 327203 420640 3559426 3707167 X 34021676 28893951 62975713 0 55758461 113852967 152755850 142746918 156315276 146454085 X -5208952 -4488963 -311017 X 0 1 X 1 0 X 4148332 18752094 7918974 9859756 3879634 44558790 4148332 18752094 7918974 9859756 3879634 44558790 9712537 34846253 4236456 3129925 2166400 3020321 4086485 16639587 13480 5837 11028 11731 28100 70176 61268553 4706022 0.56870 0.58940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 111 926.62 109 21 1 5 1 6683.00 237964 1 X X X X 0 0 0 106827236 1093230 -2066779 3948404 101905283 94090608 6477713 10815489 4556574 106827236 86697044 5219414 8403869 6229719 94090608 86179123 10587558 -4668008 5401629 86697044 88128192 884030 1216238 4049337 86179123 0.23460 0.56450 0.20100 0 0 3358335 1077483 2280852 4298926 1506746 2792180 1783207 1291840 491367 3099410 1209461 1889949 7454348 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 9793748 F 9793748 REFUNDABLE DEPOSITS 405854 REFUNDABLE ADVANCES 14786 420640 X 3182214 -4488963 925903 -3563060 6745274 728988 728988 7474262 13191146 1236920 1236920 11954226 728988 728988 12683214 PART II, LINE 3: IN 2018, ONE (1) PRESERVATION EASEMENT WAS AMENDED AND RESTATED, RESULTING IN AN EXPANDED SCOPE OF PROTECTED FEATURES AND STRENGTHENED ADMINISTRATIVE PROVISIONS: THE PETER TUFTS HOUSE, MEDFORD, MA. THE ORIGINAL EASEMENT DOCUMENT WAS NOT EXTINGUISHED. THE TUFTS HOUSE IS NATIONAL REGISTER DESIGNATED. PART II, LINE 9: REVENUE AND EXPENSES FOR THE EASEMENTS ARE NOT REFERENCED IN THE FOOTNOTES OF THE FINANCIAL STATEMENTS RATHER THEY ARE BOOKED IN A SEGREGATED BUDGET CENTER KNOWN AS PRESERVATION EASEMENT PROGRAM, THIS INCLUDES EASEMENT REVENUE, PAYROLL, BENEFITS, ADMINISTRATION, ETC. PROCEEDS ARE DEPOSITED INTO THE ORGANIZATION'S ENDOWMENTS AND INVESTMENTS AND DRAWN IN COMPLIANCE WITH ITS ANNUAL DRAWDOWN POLICIES. THE ORGANIZATION DOES NOT ACCOUNT FOR EASEMENT PROPERTIES ON ITS BALANCE SHEET. PART III, LINE 1A: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY LIBRARIES AND MUSEUMS, THE ORGANIZATION HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE ORGANIZATION 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. PART III, LINE 4: HISTORIC NEW ENGLAND IS A MUSEUM OF CULTURAL HISTORY WHICH COLLECTS AND PRESERVES BUILDINGS, LANDSCAPES, AND OBJECTS DATING FROM THE SEVENTEENTH CENTURY TO THE PRESENT AND USES THEM TO KEEP HISTORY ALIVE AND TO HELP PEOPLE DEVELOP A DEEPER UNDERSTANDING AND ENJOYMENT OF NEW ENGLAND LIFE AND APPRECIATION FOR ITS PRESERVATION. HISTORIC NEW ENGLAND'S COLLECTIONS COMPRISE THE LARGEST ASSEMBLAGE OF NEW ENGLAND ART AND ARTIFACTS IN THE COUNTRY, AN EXTRAORDINARY BROAD COLLECTION OF MORE THAN 123,000 OBJECTS AND 1.5 MILLION DOCUMENTS AND PHOTOGRAPHS THAT DOCUMENT NEW ENGLAND'S ARCHITECTURAL AND CULTURAL HISTORY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD 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. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION 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 RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION 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 ORGANIZATION CAN 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 ORGANIZATION 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 ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE ORGANIZATION 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 ORGANIZATION'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE ORGANIZATION 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 ORGANIZATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% (THE BOARD MAY APPROVE MORE OR LESS FROM TIME TO TIME) OF THE TWENTY-QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF DECEMBER 31 PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE ORGANIZATION TO RETAIN AS A FUND OF PERPETUAL DURATION. FUNDS WITH ORIGINAL GIFT VALUES OF $3,277,912, FAIR VALUES OF $3,001,966, AND DEFICIENCIES OF $275,946 WERE REPORTED IN NET ASSETS WITH DONOR RESTRICTIONS AS OF MARCH 31, 2019. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES, AND BELIEVES THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 459,128. RENTAL EXPENSE 649,635. UNREALIZED GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST -311,017. FUNDRAISING EXPENSES 88,900. SPNEA CT 39,257. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 459,128. RENTAL EXPENSE 649,635. FUNDRAISING EXPENSES 88,900. SPNEA CT 39,257. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 38926475 0 0 0 0 0 0 38926475 0 38926475 0 0 0 0 0 0 RAISE THE ROOF 185977 185977 64195 FEAST FOR THE FARMS 47075 47075 18752 1 50800 50800 5953 283852 283852 88900 88900 194952 1 SPNEA CT 141 CAMBRIDGE STREET BOSTON MA 02114 454847030 94985 HISTORIC BUILDING PRESERVATION/EDUCATIONAL TOURS X X X X 0 1 0 0 0 0 0 0 0 CARL R NOLD PRESIDENT/CEO 312033 0 0 0 0 0 67424 0 4876 0 384333 0 0 0 DIANE L VIERA EXECUTIVE VP & COO 184835 0 0 0 0 0 9573 0 9359 0 203767 0 0 0 JENNIFER KENT VP OF ADVANCEMENT 149380 0 0 0 0 0 6926 0 4876 0 161182 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS AN INTERNAL REVENUE SERVICE CODE 457(F)DEFERRED COMPENSATION PLAN PROVIDING BENEFITS TO THE PRESIDENT/CEO COMMENCING UPON RETIREMENT. THE ACCRUED DEFERRED COMPENSATION FOR THE CURRENT YEAR WAS $37,689. A MEFA BOND 042104937 57586EL01 2009-07-01 1855000 REFINANCE EXISTING BOND 0 0 0 A 1855000 18550 27318 2006 0 0 1 1 A 0 0 0 0 0.40000 0.40000 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 11 171303 FAIR MARKET VALUE X 98 STMT SCH M,LINE 33 0 1 0 PART I, LINE 32B: SCHEDULE M, LINE, 33: NO AMOUNT IS REPORTED IN REVENUE RELATED TO THE CONTRIBUTIONS OF ART AND HISTORICAL ARTIFACTS ON THE ORGANIZATION'S FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G OR SCHEDULE M, PART I BECAUSE THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTION AS ALLOWED UNDER ASC 958-605. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE AUDIT AND 990 ARE PRESENTED TO THE PRESIDENT/ CEO IN ADDITION TO THE AUDIT COMMITTEE FOR REVIEW. ONCE SATISFIED THE 990 IS SUBMITTED TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES THE PRESIDENT/ CEO CONTRACT AT RENEWAL. DIRECTORS OFFICERS AND OTHER EMPLOYEES COMPENSATION IS APPROVED BY THE PRESIDENT. FURTHER HISTORIC NEW ENGLAND HAS ACCESS TO VARIOUS MARKET SURVEYS TO DETERMINE FMV OF EACH POSITIONS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S 990 AND 990-T ARE AVAILABLE UPON REQUEST AND ARE ALSO AVAILABLE ON THE WEBSITES OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -311,017. SPNEA CT 141 CAMBRIDGE STREET BOSTON MA 02114 454847030 HISTORIC BUILDING PRESERVATION/EDUCATIONAL TOURS CT 501(C)(3) LINE 7 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SPNEA CT C 94985 COST