WORCESTER ART MUSEUM: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WORCESTER ART MUSEUM (EIN 04-1988530)
Tax period
2017-09-01 to 2018-08-31
Filed
2019-04-01
IRS object ID
201930919349300513
Schema version
2017v2.3
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

FieldValueIRS element (for citing)
Return2019-04-01T10:36:56-05:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043037870PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOLLUS LYNCH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line189 SHREWSBURY STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01604ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041988530EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WORCESTER ART MUSEUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWORCBusinessNameControlTxt
Phone5087994406PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line155 SALISBURY STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01609ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARY-FRANCES REARDONPersonNm
Person TitleDIRECTOR OF FINANCEPersonTitleTxt
Phone5087934349PhoneNum
Signature2019-03-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARBARA E KINGPreparerPersonNm
PTINP00005629PTIN
Phone5087557107PhoneNum
Preparation2019-03-25PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.11.10.178IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-03-25IPDt
IP Tm11:51:03IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id572F2072D963F6946FC1DF8BF874B65DB477EE7AAtSubmissionCreationDeviceId
At Submission Filing Device Id954A65DB1995863A37271E4766999F33303993D7AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARY-FRANCES REARDONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line155 SALISBURY STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01609ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$23,661,952GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WORCESTERART.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1896FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionCOLLECT THE MOST SIGNIFICANT WORKS OF ART AVAILABLE FOR THE BENEFIT OF ALL THE PEOPLE OF THE BROADER REGION.ActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee237TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI-$44,488TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$44,488NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,554,902PYContributionsGrantsAmt
CY Contributions Grants$3,278,159CYContributionsGrantsAmt
PY Program Service Revenue$777,339PYProgramServiceRevenueAmt
CY Program Service Revenue$913,520CYProgramServiceRevenueAmt
PY Investment Income$5,848,129PYInvestmentIncomeAmt
CY Investment Income$5,319,135CYInvestmentIncomeAmt
PY Other Revenue$263,098PYOtherRevenueAmt
CY Other Revenue$184,440CYOtherRevenueAmt
PY Total Revenue$12,443,468PYTotalRevenueAmt
CY Total Revenue$9,695,254CYTotalRevenueAmt
PY Grants And Similar Paid$83,103PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$84,307CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,560,634PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,196,442CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$599,599CYTotalFundraisingExpenseAmt
PY Other Expenses$5,114,708PYOtherExpensesAmt
CY Other Expenses$6,627,022CYOtherExpensesAmt
PY Total Expenses$10,758,445PYTotalExpensesAmt
CY Total Expenses$11,907,771CYTotalExpensesAmt
PY Revenues Less Expenses$1,685,023PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,212,517CYRevenuesLessExpensesAmt
Total Assets BOY$117,756,350TotalAssetsBOYAmt
Total Assets EOY$117,969,948TotalAssetsEOYAmt
Total Liabilities BOY$3,528,981TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,449,662TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$114,227,369NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$114,520,286NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO CONNECT PEOPLE, COMMUNITIES, AND CULTURES THROUGH EXPERIENCE OF ART. COLLECT THE MOST SIGNIFICANT WORKS OF ART AVAILABLE IN AN EFFORT TO SHAPE THE QUALITY/SCOPE OF THE PERMANENT COLLECTION WHILE ADHERING TO THE INSTITUTION'S ACQUISITIONS & DEACCESSIONS POLICIES.CARE FOR/PRESERVE COLLECTIONS & WORKS ON LOAN BY MAINTAINING A RESPONSIBLE COLLECTIONS MANAGEMENT POLICY & AN ACTIVE IN-HOUSE CONSERVATION PROGRAM. EXHIBIT THE PERMANENT COLLECTION,ORGANIZE/LEND TO SPECIAL EXHIBITIONS & BRING TRAVELING EXHIBITIONS TO THE PUBLIC. INTERPRET THE COLLECTIONS & WORKS ON LOAN FOR A BROAD PUBLIC THROUGH RESEARCH,PUBLICATIONS & RELATED EDUCATIONAL PROGRAMS.MAINTAIN AN ART LIBRARY & AN EDUCATIONAL PROGRAM THAT PROMOTES AN UNDERSTANDING OF ART & AN ACTIVE PARTICIPATION IN THE MAKING OF ART. MAINTAIN FISCALLY RESPONSIBLE ACTIONS & PUBLIC ACCOUNTABILITY FOR ONGOING OPERATIONS & PRESERVATION/GROWTH OF THE MUSEUM & ITS COLLECTIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,963,789ExpenseAmt
Grant$84,307GrantAmt
Revenue$927,412RevenueAmt
DescCURATORIAL CONSERVATION & LIBRARY - COLLECT AND DISPLAY WORKS OF ART TO THE GENERAL PUBLIC AND TO PROVIDE A LIBRARY FOR RESEARCH AND INFORMATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$715,308ExpenseAmt
Revenue$325,800RevenueAmt
DescEDUCATION - EDUCATIONAL PROGRAM FOR VARIOUS GROUPS TO ENHANCE THE APPRECIATION AND KNOWLEDGE OF THE GENERAL PUBLIC IN ALL AREAS OF ART.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,647,777ExpenseAmt
DescPUBLICATION PROGRAM - PUBLICATION OF VARIOUS BOOKS AND CATALOGS ON THE COLLECTIONS OF THE MUSEUM.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$9,326,874TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document57IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee237EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Foreign CountryBDForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARY-FRANCES REARDONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5087934349PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line155 SALISBURY STREETAddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01609ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
SARAH BERRY
TRUSTEE2.00Yes (X)$0$0$0
KARIN I BRANSCOMBE
CLERK2.00Yes (X)$0$0$0Yes (X)
CATHERINE M COLINVAUX
TRUSTEE2.00Yes (X)$0$0$0
THOMAS P MCGREGOR
TREASURER2.00Yes (X)$0$0$0Yes (X)
JAMES C DONNELLY
VICE PRESIDENT2.00Yes (X)$0$0$0Yes (X)
MARK W FULLER
VICE PRESIDENT2.00Yes (X)$0$0$0Yes (X)
LISA KIRBY-GIBBS
PRESIDENT2.00Yes (X)$0$0$0Yes (X)
DR GABRIELE M GOSZCZ
TRUSTEE2.00Yes (X)$0$0$0
DR ABRAHAM W HADDAD
TRUSTEE2.00Yes (X)$0$0$0
RACHEL KAMINSKY
TRUSTEE2.00Yes (X)$0$0$0
PATRICIA S LOTUFF
TRUSTEE2.00Yes (X)$0$0$0
LISA MCDONOUGH
TRUSTEE2.00Yes (X)$0$0$0
PHILIP R MORGAN
TRUSTEE2.00Yes (X)$0$0$0
MARC S PLONSKIER
TRUSTEE2.00Yes (X)$0$0$0
MICHAEL V O'BRIEN
TRUSTEE2.00Yes (X)$0$0$0
MALCOLM ROGERS
TRUSTEE2.00Yes (X)$0$0$0
SUSAN M BASSICK
TRUSTEE2.00Yes (X)$0$0$0
ANDREW T JAY
TRUSTEE2.00Yes (X)$0$0$0
DANA LEVENSON
TRUSTEE2.00Yes (X)$0$0$0
JENNIFER GLOWIK
TRUSTEE2.00Yes (X)$0$0$0
JOHN SAVICKAS
TRUSTEE2.00Yes (X)$0$0$0
ANNE-MARIE SOULLIERE
TRUSTEE2.00Yes (X)$0$0$0
ARTHUR G KENTROS
TRUSTEE2.00Yes (X)$0$0$0
MARY-FRANCES REARDON
DIRECTOR OF FINANCE37.50$120,166$0$12,475Yes (X)
MATTHIAS WASCHEK
EXECUTIVE DIRECTOR37.50$316,077$0$22,618Yes (X)
JON L SEYDL
SENIOR DIRECTOR OF COLLECTIONS AND PROGRAMS37.50$124,013$0$12,613Yes (X)
MARILLYN G EARLEY
DIRECTOR OF ADVANCEMENT37.50$118,346$0$14,510Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$678,602TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$62,216TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmProvince Or StateContractorAddress/ForeignAddress/ProvinceOrStateNmCountryContractorAddress/ForeignAddress/CountryCd
DATA SOURCE INC
3-15 MOUNTAIN ROADWORCESTERMA01606COMPUTER CONSULTANTS$346,034
PAVLIKSCOM
IT SERVICES$265,92680 BELL FARM ROADBARRIEONTARIOCA
COLE CONTRACTINGINC
152 WEBSTER STREETWORCESTERMA01603BUILDING CONTRACTOR$259,443
JS MORTIMER INC
13 ROCKLAND ROADAUBURNMA01501DESIGN BUILD MECHANICAL CONTRACTOR$133,913
DIANE ROUSSEAU CONSERVATION
112 MASS MOCA WAYNORTH ADAMSMA01247GLASS CONTRACTOR$108,314
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Membership Dues$286,954MembershipDuesAmt
Fundraising$305,740FundraisingAmt
Government Grants$86,500GovernmentGrantsAmt
All Other Contributions$2,598,965AllOtherContributionsAmt
Noncash Contributions$59,243NoncashContributionsAmt
Total Contributions$3,278,159TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PUBLIC EDUCATION611600$325,800$325,800
AUXILIARY ACTIVITIES453000$299,087$299,087
ADMISSIONS900099$288,633$288,633
FieldValueIRS element (for citing)
Total Program Service Revenue$913,520TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,251,939TotalRevenueColumnAmt
Exclusion$3,251,939ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$300RealAmt
Personal$156,299PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$4,626RealAmt
Personal$183,437PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$4,326RealAmt
Personal-$27,138PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$31,464TotalRevenueColumnAmt
Unrelated Business Revenue-$27,138UnrelatedBusinessRevenueAmt
Exclusion-$4,326ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$15,397,339SecuritiesAmt
Other$11,073OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$13,337,214SecuritiesAmt
Other$4,002OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,060,125SecuritiesAmt
Other$7,071OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,067,196TotalRevenueColumnAmt
Related Or Exempt Func Income$7,071RelatedOrExemptFuncIncomeAmt
Exclusion$2,060,125ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$51,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$305,740ContriRptFundraisingEventAmt
Fundraising Direct Expenses$150,367FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$99,367TotalRevenueColumnAmt
Exclusion-$99,367ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$602,323GrossSalesOfInventoryAmt
Cost Of Goods Sold$287,052CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$315,271TotalRevenueColumnAmt
Related Or Exempt Func Income$332,621RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$17,350UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,695,254TotalRevenueColumnAmt
Related Or Exempt Func Income$1,253,212RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$44,488UnrelatedBusinessRevenueAmt
Exclusion$5,208,371ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$84,307TotalAmt
Program Services$84,307ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$471,336TotalAmt
Program Services$344,075ProgramServicesAmt
Management And General$89,554ManagementAndGeneralAmt
Fundraising$37,707FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,680,336TotalAmt
Program Services$2,913,576ProgramServicesAmt
Management And General$354,746ManagementAndGeneralAmt
Fundraising$412,014FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,044,770TotalAmt
Program Services$651,161ProgramServicesAmt
Management And General$281,133ManagementAndGeneralAmt
Fundraising$112,476FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$17,083TotalAmt
Management And General$17,083ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,000TotalAmt
Management And General$24,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,683TotalAmt
Management And General$10,683ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$306,718TotalAmt
Program Services$303,812ProgramServicesAmt
Fundraising$2,906FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$267,038TotalAmt
Program Services$165,708ProgramServicesAmt
Management And General$79,791ManagementAndGeneralAmt
Fundraising$21,539FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$14,317TotalAmt
Management And General$14,317ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$463,336TotalAmt
Program Services$461,923ProgramServicesAmt
Management And General$1,413ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$195,489TotalAmt
Program Services$138,334ProgramServicesAmt
Management And General$51,354ManagementAndGeneralAmt
Fundraising$5,801FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$61,572TotalAmt
Management And General$61,572ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$767,507TotalAmt
Program Services$608,443ProgramServicesAmt
Management And General$159,064ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$136,669TotalAmt
Program Services$70,067ProgramServicesAmt
Management And General$66,602ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COLLECTION ITEMS$1,859,440$1,859,440
CONTRACT SERVICES$1,057,458$408,774$645,663$3,021
REPAIRS AND MAINTENANCE$469,775$393,698$72,210$3,867
PROGRAM EXPENSES$447,535$447,535

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$528,402TotalAmt
Program Services$476,021ProgramServicesAmt
Management And General$52,113ManagementAndGeneralAmt
Fundraising$268FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$11,907,771TotalAmt
Program Services$9,326,874ProgramServicesAmt
Management And General$1,981,298ManagementAndGeneralAmt
Fundraising$599,599FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,196,877BOYAmt
EOY$588,808EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,267,603BOYAmt
EOY$641,451EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$59,499BOYAmt
EOY$38,208EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$56,906BOYAmt
EOY$53,091EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$132,249BOYAmt
EOY$255,841EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,133,834LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$17,825,128LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,545,254BOYAmt
EOY$9,308,706EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$92,290,232BOYAmt
EOY$90,956,192EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$13,207,730BOYAmt
EOY$16,127,651EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$117,756,350BOYAmt
EOY$117,969,948EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$998,507BOYAmt
EOY$1,078,987EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$134,546BOYAmt
EOY$133,481EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,395,928BOYAmt
EOY$2,237,194EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,528,981BOYAmt
EOY$3,449,662EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$18,512,476BOYAmt
EOY$17,748,566EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$46,758,873BOYAmt
EOY$46,715,560EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$48,956,020BOYAmt
EOY$50,056,160EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,227,369BOYAmt
EOY$114,520,286EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$117,756,350BOYAmt
EOY$117,969,948EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,212,517ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,505,434NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,299,349CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,004,281CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,431,771CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,567,842CurrentTaxYearMinus1YearAmt
Current Tax Year$3,286,809CurrentTaxYearAmt
Total$27,590,052TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,299,349CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,004,281CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,431,771CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,567,842CurrentTaxYearMinus1YearAmt
Current Tax Year$3,286,809CurrentTaxYearAmt
Total$27,590,052TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,997,512SubstantialContributorsTotAmt
Public Support Total170$22,592,540PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,364,535CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,456,536CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,470,420CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,979,405CurrentTaxYearMinus1YearAmt
Current Tax Year$5,312,364CurrentTaxYearAmt
Total$22,583,260TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years-$70,258CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,778CurrentTaxYearMinus1YearAmt
Current Tax Year-$44,488CurrentTaxYearAmt
Total-$110,968TotalAmt
FieldValueIRS element (for citing)
Total Support$50,062,344TotalSupportAmt
Gross Receipts Rltd Activities$7,320,200GrossReceiptsRltdActivitiesAmt
Public Support CY1700.45130PublicSupportCY170Pct
Public Support PY1700.53290PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$94,496,244BeginningYearBalanceAmt
Contributions$1,082,965ContributionsAmt
Investment Earnings Or Losses$6,794,962InvestmentEarningsOrLossesAmt
Other Expenditures$6,179,775OtherExpendituresAmt
End Year Balance$96,194,396EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$85,292,252BeginningYearBalanceAmt
Contributions$2,370,837ContributionsAmt
Investment Earnings Or Losses$9,979,605InvestmentEarningsOrLossesAmt
Other Expenditures$3,146,450OtherExpendituresAmt
End Year Balance$94,496,244EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$84,706,788BeginningYearBalanceAmt
Contributions$1,212,286ContributionsAmt
Investment Earnings Or Losses$4,171,404InvestmentEarningsOrLossesAmt
Other Expenditures$5,298,226OtherExpendituresAmt
End Year Balance$85,292,252EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$87,879,753BeginningYearBalanceAmt
Contributions$2,217,609ContributionsAmt
Investment Earnings Or Losses-$2,850,037InvestmentEarningsOrLossesAmt
Other Expenditures$2,540,537OtherExpendituresAmt
End Year Balance$84,706,788EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$75,595,271BeginningYearBalanceAmt
Contributions$4,455,516ContributionsAmt
Investment Earnings Or Losses$10,172,462InvestmentEarningsOrLossesAmt
Other Expenditures$2,343,496OtherExpendituresAmt
End Year Balance$87,879,753EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.52020PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.47980TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$424,804OtherCostOrOtherBasisAmt
Book Value$424,804BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,599,939OtherCostOrOtherBasisAmt
Depreciation$6,644,871DepreciationAmt
Book Value$955,068BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,535,026OtherCostOrOtherBasisAmt
Depreciation$7,787,169DepreciationAmt
Book Value$6,747,857BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,360,803OtherCostOrOtherBasisAmt
Depreciation$3,393,088DepreciationAmt
Book Value$967,715BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$213,262OtherCostOrOtherBasisAmt
Book Value$213,262BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,308,706TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
MONEY MARKET FUNDS$2,050,395F
OTHER FUNDS$12,169,606F
DEBT SECURITIES$1,907,650F
FieldValueIRS element (for citing)
Total Book Value Securities$16,127,651TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,833,301TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,505,434NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$66,374DonatedServicesAndUseFcltsAmt
Other Revenue$566,239OtherRevenueAmt
Revenue Not Reported$3,138,047RevenueNotReportedAmt
Revenue Subtotal$9,695,254RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,695,254TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,540,384TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$66,374DonatedServicesUseFcltsAmt
Other Expenses Included$566,239OtherExpensesIncludedAmt
Expenses Not Reported$632,613ExpensesNotReportedAmt
Expenses Subtotal$11,907,771ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$11,907,771TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III, LINE 1A:AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND IN CONFORMITY WITH THE PRACTICES FOLLOWED BY MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ART OBJECTS AND OTHER COLLECTION ITEMS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FOR FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. THE MUSEUM HAS ESTABLISHED A POLICY WHEREBY PROCEEDS FROM ITEMS DEACCESSED ARE UTILIZED TO ACQUIRE OTHER ITEMS FOR COLLECTION.
PART III, LINE 4:THE WORCESTER ART MUSEUM'S COLLECTIONS ARE COMPRISED OF ART OBJECTS/PAINTINGS,ETC. THAT ARE HELD FOR EXHIBITION AND EDUCATION, FURTHERING THE ORGANIZATION'S EXEMPT PURPOSE BY PROVIDING VARIOUS EXHIBITS THAT MAY BE VIEWED BY THE PUBLIC TO FURTHER ENHANCE THEIR KNOWLEDGE AND APPRECIATION OF ART AND TO PROVIDE VALUABLE RESEARCH AND INFORMATIONAL TOOLS FOR STUDENTS OF ALL AGES.
PART V, LINE 4:THE MUSEUM'S ENDOWMENT CONSISTS OF 78 INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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 AND UNINVESTED CASH. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS PERMANENTLY 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 IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED 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 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 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 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 MANNER THAT WILL ACHIEVE RESULTS OVER THE LONG-TERM THAT COMPARE FAVORABLY WITH THOSE OF OTHER ENDOWMENTS AND FOUNDATIONS OF SIMILAR SIZE, PROFESSIONALLY MANAGED PORTFOLIOS AND OF APPROPRIATE MARKET INDEXES. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THESE BENCHMARKS. 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 AND DIVIDENDS). THE MUSEUM HAS INVESTED IN A PORTFOLIO THAT TARGETS A DIVERSIFIED ASSET ALLOCATION, PLACING A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE MUSEUM HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5.75% OF ITS GENERAL ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR FIVE YEARS PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE MUSEUM CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE MUSEUM'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 MUSEUM TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. THERE WERE NO DEFICIENCIES AS OF AUGUST 31, 2018.
PART X, LINE 2:MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE MUSEUM HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE MUSEUM'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 169,773. RENTAL EXPENSES 305,342. SPECIAL EVENT EXPENSES 91,124.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 169,773. RENTAL EXPENSES 305,342. SPECIAL EVENTS EXPENSE 91,124.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,RegionTxt
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConductedTxt
Region Total Expenditures$15,132,869RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$15,132,869SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$15,132,869TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, PART IV, LINE 4:FormAndLineReferenceDesc
ExplanationNOT SUBJECT TO QEF ELECTION UNDER REGULATION SECTION 1291 THEREFORE, FORM 8621 IS NOT REQUIRED.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$356,740GrossReceiptsEvent1Amt
Charitable Contri Event1$305,740CharitableContriEvent1Amt
Gross Revenue Event1$51,000GrossRevenueEvent1Amt
Non Cash Prizes Event1$36,100NonCashPrizesEvent1Amt
Other Direct Expenses Event1$114,267OtherDirectExpensesEvent1Amt
Gross Receipts Total$356,740GrossReceiptsTotalAmt
Charitable Contributions Tot$305,740CharitableContributionsTotAmt
Gross Revenue Total Events$51,000GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$36,100NonCashPrizesTotalEventsAmt
Oth Direct Expnss Total Events$114,267OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$150,367DirectExpenseSummaryEventsAmt
Net Income Summary-$99,367NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeVARIOUS SCHOLARSHIPSGrantTypeTxt
Recipient510RecipientCnt
Cash Grant$84,307CashGrantAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMATTHIAS WASCHEKPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$281,077BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$35,000BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$10,600DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$12,018NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$338,695TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION PAYS FOR THE MEMBERSHIP DUES FOR THE WORCESTER CLUB ON BEHALF OF THE MUSEUM'S DIRECTOR. THE MUSEUM'S DIRECTOR HAS AN EMPLOYMENT AGREEMENT, WHICH ENTITLES HIM TO A ANNUAL DISCRETIONARY BONUS OF UP TO 10% OF HIS BASE SALARY AND A DISCRETIONARY SUPPLEMENTAL RETIREMENT BENEFIT OF 10% OF BASE SALARY. TOTAL CASH PAID OF $35,000 INCLUDING BONUS AND SUPPLEMENTAL RETIREMENT BENEFIT.ExplanationTxt

Schedule M IRS990ScheduleM

Art Historical Treasures ArtHistoricalTreasuresGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution164ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesGAAPMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescAUCTION ITEMS DONATEDDesc
Contribution12ContributionCnt
Noncash Contributions Rpt F990$36,100NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 33:FormAndLineReferenceDesc
ExplanationAS 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 DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 IS MAILED TO THE AUDIT AND EXECUTIVE COMMITTEES UPON COMPLETION.
FORM 990, PART VI, SECTION B, LINE 12CANY CONFLICTS OF INTEREST WOULD BE BROUGHT TO THE BOARD'S ATTENTION PER POLICY.
FORM 990, PART VI, SECTION B, LINE 15ALL COMPENSATION INCLUDING THE DIRECTOR'S UNDERGOES A FORMAL PERFORMANCE APPRAISAL. THE DIRECTOR'S PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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