2019-06-26T07:53:17-05:00 2018-08-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-09-01 042104757 NEW ENGLAND HISTORIC GENEALOGICAL SOCIETY NEWE 6175365740 101 NEWBURY STREET BOSTON MA 02116 D BRENTON SIMONS CEO 6175365740 2019-06-24 1 CHARLES J WEBB CPA P01584539 5083669100 2019-06-24 64.238.141.162 2019-06-24 14:31:10 ED P F4247996A0DFD92197EA51AEF4558D040C319DAA 6CDDA8B025427A5532164877518CA44A369A04DA 2017 2019-02-21 02:37:17Z D BRENTON SIMONS 101 NEWBURY STREET BOSTON MA 02116 13995635 0 X AMERICANANCESTORS.ORG X 1845 MA AMERICA'S FOUNDING GENEALOGICAL ORGANIZATION (ESTABLISHED IN 1845), THE NEW ENGLAND HISTORIC GENEALOGICAL SOCIETY IS THE NATION'S LEADING COMPREHENSIVE RESOURCE FOR FAMILY HISTORY RESEARCH. TO ADVANCE THE STUDY OF FAMILY HISTORY IN AMERICA AND BEYOND, NEHGS EDUCATES, INSPIRES, AND CONNECTS PEOPLE THROUGH OUR SCHOLARSHIP, COLLECTIONS, AND EXPERTISE. 22 22 102 238 0 0 8416665 5652544 4217513 4811872 897633 1284296 343370 190123 13875181 11938835 0 0 0 0 6310637 6826634 0 0 1129432 4448611 4589596 10759248 11416230 3115933 522605 53639259 56381093 4899767 4891788 48739492 51489305 X TO ADVANCE THE STUDY OF FAMILY HISTORY IN AMERICA AND BEYOND, NEHGS EDUCATES, INSPIRES, AND CONNECTS PEOPLE THROUGH OUR SCHOLARSHIP, COLLECTIONS, AND EXPERTISE. HOLDING THE LARGEST COLLECTION OF ORIGINAL FAMILY HISTORY RESEARCH MATERIALS IN THE COUNTRY, NEHGS IS THE NATION'S OLDEST AND LARGEST GENEALOGICAL SOCIETY. OUR WEBSITE, AMERICANANCESTORS.ORG, PROVIDES ACCESS TO THOUSANDS OF DATABASES AND SCHOLARLY RESOURCES TO HELP PEOPLE DISCOVER THEIR ANCESTRY. OUR EXPERT STAFF, WHO HELP RESEARCHERS OF ALL LEVELS EXPLORE THEIR PAST AND THEIR FAMILIES UNIQUE PLACE IN HISTORY, SPECIALIZE IN EARLY AMERICAN, IRISH, ENGLAND, ITALIAN, SCOTTISH, AFRICAN-AMERICAN, ATLANTIC AND FRENCH CANADIAN, AND JEWISH GENEALOGY. LOCATED IN BOSTON, OUR RESEARCH LIBRARY HOUSES MILLIONS OF MANUSCRIPTS, BOOKS, PHOTOGRAPHS, AND OTHER RECORDS TO PRESERVE THE STORIES OF FAMILIES IN AMERICA. 0 0 2671738 826654 RESEARCH LIBRARY - ASSISTING MEMBERS AND NON-MEMBERS IN GENEALOGICAL RESEARCH. THE LIBRARY CONTAINS 250,000 VOLUMES OF BOOKS AND 28 MILLION MANUSCRIPT ITEMS. THE DIGITAL LIBRARY AND ARCHIVE CONTAINS AN ADDITIONAL 750,000 ITEMS. 1454788 WEBSITE - OPERATING AND MAINTAINING AMERICANANCESTORS.ORG, THE WORLD'S MOST USED GENEALOGICAL SOCIETY WEBSITE. THE WEBSITE HAS 1.6 BILLION SEARCHABLE RECORDS. IN 2018, FAMILY TREE MAGAZINE NOTED AMERICANANCESTORS.ORG AS A BEST GENEALOGY RECORDS WEBSITE, AND AS ONE OF THE BEST GENEALOGY WEBSITES IN THE WORLD. 1745712 120766 PUBLICATIONS - PRODUCING BOOKS, JOURNALS, AND MAGAZINES IN FURTHERANCE OF THE SOCIETY'S PURPOSE. NEHGS CONTINUES T0 ADVANCE ITS POSITION AS THE SCHOLARLY LEADER IN THE FIELD. IN 2018 WE PUBLISHED SEVENTEEN NEW BOOKS, FOUR ISSUES OF A SCHOLARLY JOURNAL, FOUR ISSUES OF OUR POPULAR MAGAZINE, AND 52 ISSUES OF OUR ELECTRONIC NEWLETTER. 2602296 4155039 MEMBER SERVICES - ASSISTING MEMBERS IN GENEALOGY. NEHGS SERVICES APPROXIMATELY 26,000 PAID MEMBERS, AND 205,000 REGISTERED GUEST MEMBER WEBSITE USERS THROUGHOUT THE WORLD. PAID MEMBERSHIP GREW BY 3.1% IN FY2018.TOURS AND SEMINARS - GENEALOGICAL TOURS AND PRESENTATIONS/SEMINARS FOR MEMBERS AND NON-MEMBERS. PARTICIPATION IN PROGRAMS, PARTICULARLY WEBINAR AND ONLINE COURSES CONTINUE TO GROW YEAR-OVER-YEAR WITH MORE THAN 20,000 TOTAL PARTICIPANTS. RETAIL STORE - SELLING GENEALOGICAL BOOKS AND MERCHANDISE. NEHGS WAS A LEADING PUBLISHER OF GENEALOGICAL SCHOLARSHIP IN AMERICA. 2602296 4155039 8474534 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 102 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA AL AK CA CT FL GA HI IL KS KY MD MI MN MI NH NJ NM RI PA OR NC NY WI WV VA UT TN SC X RYAN WOODS 6172261264 101 NEWBURY STREET BOSTON MA 02116 NANCY S MAULSBY CHAIRMAN 6.00 X X 0 0 0 JOHN M FLEMING TRUSTEE 6.00 X 0 0 0 STEPHEN H CASE VICE CHAIRMAN 6.00 X X 0 0 0 WILLIAM R MARSH TRUSTEE 6.00 X 0 0 0 WILLIAM GRIFFETH TRUSTEE 6.00 X 0 0 0 JO ANNE CROWLEY MAKELY SECRETARY 6.00 X X 0 0 0 NANCY CLAY WEBSTER TRUSTEE 6.00 X 0 0 0 ANDREW P LANGLOIS TREASURER 6.00 X X 0 0 0 DIANA M SMITH TRUSTEE 6.00 X 0 0 0 MORRISON DES WEBB JD TRUSTEE 6.00 X 0 0 0 THOMAS BAILEY HAGEN TRUSTEE 6.00 X 0 0 0 M DAVID SHERRILL TRUSTEE 6.00 X 0 0 0 NORDAHL L BRUE TRUSTEE 6.00 X 0 0 0 JOHN E CORCORAN TRUSTEE 6.00 X 0 0 0 MARC T COX IV TRUSTEE 6.00 X 0 0 0 OLIVIA HOOD PARKER TRUSTEE 6.00 X 0 0 0 DAVID M TREBING TRUSTEE 6.00 X 0 0 0 JUDITH AVERY TRUSTEE 6.00 X 0 0 0 GERALD A HALPIN III TRUSTEE 6.00 X 0 0 0 ELIZABETH MCCASLIN PASSELA TRUSTEE 6.00 X 0 0 0 ALBERT J ZDENEK JR TRUSTEE 6.00 X 0 0 0 SARAH E GUNDERSON TRUSTEE 6.00 X 0 0 0 D BRENTON SIMONS CHIEF EXECUTIVE OFFICER 35.00 X 397602 0 34438 RYAN WOODS CHIEF OPERATING OFFICER 40.00 X 206653 0 15268 SUSAN FUGLIESE VICE PRESIDENT 35.00 X 48367 0 9297 BETH BROWN ASSISTANT VICE PRESIDENT 35.00 X 111372 0 20099 EDWARD MACMAHON SENIOR GIFT PLANNING OFFICER 35.00 X 163743 0 31278 STEVEN SOLOMON SENIOR PHILANTHROPY OFFICE 35.00 X 142192 0 23932 JEREMY BENTO CONTROLLER 35.00 X 105312 0 19675 1175241 0 153987 10 0 1 0 0 204121 5448423 685146 5652544 MEMBERSHIP DUES 900099 2408292 2408292 SEMINAR AND OTHER PROGRAM INCOME 900099 1576926 1576926 LIBRARY FEES AND ADMISSIONS 900099 826654 826654 4811872 616017 616017 2356324 1688045 668279 668279 668279 94164 204121 194628 -100464 -100464 464714 174127 290587 290587 11938835 5102459 0 1183832 810498 406573 133896 270029 4713609 3146060 992339 575210 951965 696707 118164 137094 350562 248833 44398 57331 9924 9924 56526 56526 46076 46076 457558 224916 231686 956 40617 39557 1060 756016 514601 234414 7001 347043 64275 282768 876309 772237 103656 416 257371 217648 39602 121 1528 1528 622444 273726 348718 65146 65146 REPAIRS AND MAINTENANCE 710959 350763 360196 MISCELLANEOUS 170052 100533 68490 1029 PROGRAM SUPPLIES 119359 116913 2439 7 DUES AND SUBSCRIPTIONS 27587 9256 18331 25081 1291936 -1346033 79178 11416230 8474534 1812264 1129432 190769 576489 1178083 832672 9457895 9489902 48219 69514 415018 440214 332165 175048 16027406 6199454 11218202 9827952 30452470 32260540 346438 2708762 53639259 56381093 692272 997536 1471815 1307532 1350000 1275000 1385680 1311720 4899767 4891788 X 17765377 19582419 14896050 15788619 16078065 16118267 48739492 51489305 53639259 56381093 X 522605 1515069 712139 X X 0 1 X 1 0 X 5324741 4355616 3883405 8416665 5652544 27632971 3496711 4283170 4461563 4872817 5102459 22216720 8821452 8638786 8344968 13289482 10755003 49849691 1152085 1106222 1640361 775885 1819207 6493760 0 1152085 1106222 1640361 775885 1819207 6493760 43355931 692643 1900024 1162443 1269164 616017 5640291 692643 1900024 1162443 1269164 616017 5640291 9514095 10538810 9507411 14558646 11371020 55489982 0.78130 0.76750 0.10160 0.10150 X X X X 0 22302617 1882775 1876565 1998848 24063109 19937475 2068791 2106211 1809860 22302617 19386226 1084116 947865 1480732 19937475 20768693 643207 -524153 1501521 19386226 18758745 1031286 2284662 1306000 20768693 0.24670 0.66980 0.08350 0 0 2226872 2226872 9109837 2961192 6148645 4416895 3238262 1178633 273802 273802 9827952 ANNUITY PAYABLE 450207 ACCRUED RETIREMENT 861513 1311720 X 13580734 1515069 -21722 1493347 12087387 46076 -194628 -148552 11938835 11564782 0 11564782 46076 -194628 -148552 11416230 PART X, LINE 2: NEHGS ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NEHGS HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT AUGUST 31, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -21,722. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENTS EXPENSE -194,628. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENTS EXPENSE -194,628. PART V, LINE 4 NEHGS DESIGNATES ONLY A PORTION OF ITS CUMULATIVE INVESTMENT RETURN FOR SUPPORT OF OPERATIONS; THE REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. MASSACHUSETTS STATE LAW ALLOWS THE SOCIETY TO APPROPRIATE AS MUCH OF THE NET APPRECIATION AS IS PRUDENT CONSIDERING NEHGS' LONG AND SHORT-TERM NEEDS, PRESENT AND ANTICIPATED FINANCIAL REQUIREMENTS, EXPECTED TOTAL RETURN ON ITS INVESTMENTS, PRICE LEVEL TRENDS, AND GENERAL ECONOMIC CONDITIONS. UNDER NEHGS' SPENDING POLICY, 4.30 PERCENT OF THE THREE-YEAR AVERAGE OF THE FAIR VALUE OF THE INVESTMENTS (EXCLUDING INVESTMENTS DESIGNATED AS CURRENT ASSETS) AT THE BEGINNING OF EACH OF THE PREVIOUS THREE FISCAL YEARS IS APPROPRIATED TO SUPPORT OPERATIONS. IN THE EVENT OF A SIGNIFICANT MARKET DECLINE, NEHGS WILL CONSIDER ALL FACTORS RELEVANT TO THE STATED GOAL IN DETERMINING ANY CHANGE TO THE APPROPRIATION AS ALLOWED BY UPMIFA. NEHGS HAS AN INVESTMENT POLICY, WHICH COMBINED WITH THE SPENDING RATE, ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF RETURNS COMBINED WITH ASSET PROTECTION. ENDOWMENT ASSETS INCLUDE THOSE ASSETS RESTRICTED BY DONORS THAT NEHGS MUST HOLD IN PERPETUITY. UNDER NEHGS' INVESTMENT POLICY AND SPENDING RATE, BOTH APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE AN INFLATION-ADJUSTED RETURN IN EXCESS OF THE SPENDING RATE OVER A LONG PERIOD OF TIME. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, NEHGS RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENTS RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). SCHEDULE D, PART III, LINE 4 THE NEHGS RESEARCH LIBRARY, LOCATED IN BOSTON, IS HOME TO MORE THAN 28 MILLION ORIGINAL DOCUMENTS, ARTIFACTS, RECORDS, MANUSCRIPTS, BOOKS, FAMILY PAPERS, BIBLES, AND PHOTOGRAPHS. THE COLLECTION INCLUDES MATERIALS FROM AROUND THE WORLD AND SPANNING SEVEN CENTURIES. X X X X X X 1 CAROL LOBRON 8 LEXINGTON AVENUE CAMBRIDGE MA 02138 FUNDRAISING CONSULTING 0 0 60000 -60000 60000 -60000 APRIL EVENT 185400 140586 44814 9757 48705 5000 21226 OCTOBER EVENT 47820 20170 27650 6786 32122 20668 2 65065 43365 21700 8912 17735 500 23217 298285 204121 94164 25455 98562 5500 65111 194628 -100464 X X X X 0 1 0 0 0 0 0 0 0 D BRENTON SIMONS CHIEF EXECUTIVE OFFICER 222288 0 175314 0 0 0 0 0 34438 0 432040 0 0 0 RYAN WOODS CHIEF OPERATING OFFICER 194153 0 12500 0 0 0 0 0 15268 0 221921 0 0 0 EDWARD MACMAHON SENIOR GIFT PLANNING OFFICER 160243 0 3500 0 0 0 0 0 31278 0 195021 0 0 0 STEVEN SOLOMON SENIOR PHILANTHROPY OFFICE 142192 0 0 0 0 0 0 0 23932 0 166124 0 0 0 X 52 667146 FAIR MARKET VALUE X 1 18000 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS FIRST REVIEWED BY THE REPRESENTATIVES OF THE BOARD OF TRUSTEES AND BY MANAGEMENT BEFORE IT IS FILED. THE REPRESENTATIVES ARE THE CHAIRMAN AND THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO RE-SIGN THE SOCIETY'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE SOCIETY'S TOP MANAGEMENT OFFICIAL IS PERFORMED BY AN INDEPENDENT OUTSIDE CONSULTANT AND INDEPENDENT BOARD DISCUSSION AND EVALUATION. THE PROCESS FOR DETERMINING THE SALARY OF OTHER OFFICERS IS DONE USING COMPARISONS TO SIMILAR LOCALLY FUNCTIONING INSTITUTIONS BY THE BOARD EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THESE ARE MADE AVAILABLE THROUGH REGULAR MAIL INQUIRIES, AND CAN BE FOUND AT VARIOUS THIRD PARTY WEBSITES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -21,722. PRIOR PERIOD ADJUSTMENT 733,861. FORM 990, PART XII, LINE 2C: THE PROCESS AND COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SLEECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9: DURING FISCAL YEAR 2018, NEHGS DISCOVERED THAT BOOKS AND COLLECTIONS WITH AN APPRAISED VALUE OF $361,130, THAT WERE DONATED PRIOR TO AUGUST 31, 2016, WERE NOT PREVIOUSLY RECORDED. ADDITIONALLY, NEHGS DETERMINED THAT IN ACCORDANCE WITH ASC TOPIC 958, NOT-FOR-PROFIT ENTITIES, INDIVIDUAL COLLECTIONS, WORKS OF ART, AND HISTORICAL TREASURE WHOSE ECONOMIC BENEFIT OR SERVICE POTENTIAL IS USED UP SO SLOWLY, WITH AN ESTIMATED USEFUL LIFE THAT IS EXTRAORDINARILY LONG, SHOULD NOT BE DEPRECIATED. IN ACCORDANCE WITH ASC TOPIC 958, A COLLECTION, WORK OF ART OR HISTORICAL TREASURE SHALL BE DEEMED TO HAVE THAT CHARACTERISTIC ONLY IF VERIFIABLE EVIDENCE EXISTS DEMONSTRATING BOTH THAT THE ASSET HAS CULTURAL, AESTHETIC, OR HISTORICAL VALUE WORTH PRESERVING PERPETUALLY AND THE HOLDER HAS THE TECHNOLOGICAL AND FINANCIAL ABILITY TO PROTECT AND PRESERVE THE ASSET. NEHGS HAS DETERMINED THAT ITS BOOKS AND COLLECTIONS MEET THIS CRITERION AND THEREFORE HAS DISCONTINUED DEPRECIATING ITS BOOKS AND COLLECTIONS AND REVERSED DEPRECIATION PREVIOUSLY RECORDED ON THESE ASSETS, IN THE AMOUNT OF $372,731. THIS CORRECTION IS BEING APPLIED RETROSPECTIVELY IN THE ACCOMPANYING FINANCIAL STATEMENTS.