2019-07-08T11:56:17-05:00 2018-09-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2017-10-01 042104035 CONCORD ANTIQUARIAN SOCIETY D/B/A CONCORD MUSEUM CONC 9783699763 53 CAMBRIDGE TURNPIKE PO BOX 146 CONCORD MA 01742 THOMAS PUTNAM EXECUTIVE DIRECTOR 9783699763 2019-06-27 1 BARBARA E KING P00005629 5087557107 2019-06-27 71.11.10.178 2019-06-27 15:55:28 ED P 954A65DB1995863A37271E4766999F33303993D7 954A65DB1995863A37271E4766999F33303993D7 2017 2019-02-21 02:37:17Z X THOMAS J PUTNAM 53 CAMBRIDGE TURNPIKE CONCORD MA 01742 3189133 0 X WWW.CONCORDMUSEUM.ORG X 1886 MA THE CONCORD MUSEUM EDUCATES VISITORS OF ALL AGES ABOUT THE HISTORY OF CONCORD AND ITS CONTINUING INFLUENCE ON AMERICAN POLITICAL, LITERARY AND CULTURAL LIFE. THE MUSEUM'S NATIONALLY SIGNIFICANT COLLECTION SERVES AS A CATALYST FOR CHANGING EXHIBITIONS, EXTENDED CLASSROOM LEARNING, DYNAMIC PROGRAMS AND PUBLICATIONS RELEVANT TO AN EVER CHANGING WORLD. FOUNDED IN 1886, THE MUSEUM IS A CENTER OF CULTURAL ENJOYMENT FOR THE REGION AND A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. 27 26 67 325 528 -1375 4848197 2190754 244166 262254 114467 375075 136309 42576 5343139 2870659 0 0 0 0 1396289 1318188 0 0 419495 1346264 848841 2742553 2167029 2600586 703630 19467088 20850394 367912 1226180 19099176 19624214 X THE CONCORD MUSEUM EDUCATES VISITORS OF ALL AGES ABOUT THE HISTORY OF CONCORD AND ITS CONTINUING INFLUENCE ON AMERICAN POLITICAL, LITERARY AND CULTURAL LIFE. THE MUSEUM'S NATIONALLY SIGNIFICANT COLLECTION SERVES AS A CATALYST FOR CHANGING EXHIBITIONS, EXTENDED CLASSROOM LEARNING, DYNAMIC PROGRAMS AND PUBLICATIONS RELEVANT TO AN EVER-CHANGING WORLD. FOUNDED IN 1886, THE MUSEUM IS A CENTER OF CULTURAL ENJOYMENT FOR THE REGION AND A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. 0 0 980147 207157 HISTORY MUSEUM CURATORIAL AND EXHIBITION PROGRAMS: MUSEUM GALLERIES, LONG-TERM AND CHANGING EXHIBITIONS, COLLECTIONS, TOURS AND OTHER PUBLIC PROGRAMS - ALL SUPPORTED BY ON-GOING CURATORIAL AND PROFESSIONAL COLLECTIONS MANAGEMENT - BENEFIT VISITORS FROM THE REGION, THE NATION AND FROM MANY OTHER COUNTRIES. PROGRAMS ALSO INCLUDE LECTURES, CLASSES, WORKSHOPS, STORY HOURS, AND TOURS OF THE MUSEUM AND HISTORIC CONCORD. 225194 55097 HISTORY MUSEUM AUDIENCE SERVICES: SCHOOL PROGRAMS - FORMAL SCHOOL PROGRAMS WERE PROVIDED TO OVER 9,500 CHILDREN. 41864 62736 HISTORY MUSEUM AUDIENCE SERVICES: MEMBERSHIPS - INCLUDES PUBLICATION OF A MEMBERSHIP NEWSLETTER, INTERPRETIVE BROCHURES, WEBSITE, NEWSPAPER ARTICLES AND GENERAL PUBLICITY, THE MAINTENANCE OF MEMBERSHIP LISTS, AND THE BILLING OF MEMBERSHIP DUES. 38036 30933 THE MUSEUM SHOP: SPECIALIZES IN ITEMS THAT REINFORCE THE VISITORS' MUSEUM EXPERIENCE. THE SHOP IS KNOWN FOR ITS REPRODUCTIONS AND ADAPTIONS THAT RELATE DIRECTLY TO THE MUSEUM COLLECTION, AS WELL AS FOR A WIDE SELECTION OF BOOKS FOCUSING ON THE REVOLUTIONARY AND LITERARY HISTORY OF CONCORD. 38036 30933 1285241 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 28 0 1 67 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THE ORGANIZATION 9783699763 53 CAMBRIDGE TURNPIKE PO BOX 146 CONCORD MA 01742 MARGARET R BURKE EXECUTIVE DIRECTOR 40.00 X X 169147 0 7257 CHURCHILL G FRANKLIN PRESIDENT 2.00 X X 0 0 0 JOHN FERRELL VICE PRESIDENT 2.00 X X 0 0 0 LISA FOOTE VICE PRESIDENT 2.00 X X 0 0 0 CYNTHIA DEYSHER TREASURER 2.00 X X 0 0 0 WILLIAM HUYETT SECRETARY 2.00 X X 0 0 0 CLAIRE NELSON GOVERNOR 1.00 X 0 0 0 HOLLY SALEMY GOVERNOR 1.00 X 0 0 0 RICHARD D BRIGGS JR GOVERNOR 1.00 X 0 0 0 MIRANDA BOYLAN GOVERNOR 1.00 X 0 0 0 GREG CREAMER GOVERNOR 1.00 X 0 0 0 KELLY BENKERT GOVERNOR 1.00 X 0 0 0 AURA BRUCE GOVERNOR 1.00 X 0 0 0 JOHN FREEMAN GOVERNOR 1.00 X 0 0 0 LEANN GRIESINGER GOVERNOR 1.00 X 0 0 0 DENNIS BURNS VICE PRESIDENT 2.00 X X 0 0 0 KATE CHARTENER GOVERNOR 1.00 X 0 0 0 KRISTEN HERBERT GOVERNOR 1.00 X 0 0 0 JASON GRISWOLD GOVERNOR 1.00 X 0 0 0 ANNA WINTER RASMUSSEN GOVERNOR 1.00 X 0 0 0 LAURA REYNOLDS GOVERNOR 1.00 X 0 0 0 ANDREA MEYERS GOVERNOR 1.00 X 0 0 0 GEOFFREY TAYLOR GOVERNOR 1.00 X 0 0 0 CHARLES A ZIERING GOVERNOR 1.00 X 0 0 0 RALPH EARLE VICE PRESIDENT 2.00 X X 0 0 0 PHIL LOTANE GOVERNOR 2.00 X 0 0 0 SUSAN LYNCH GOVERNOR 2.00 X 0 0 0 DAVID WEBSTER DIRECTOR OF FINANCE 40.00 X 98822 0 3177 THOMAS J PUTNAM EXECUTIVE DIRECTOR 40.00 X 0 0 0 ROBERT LAVERDURE DIRECTOR OF FINANCE 40.00 X 0 0 0 267969 0 10434 1 0 1 0 HUTTER CONSTRUCTION 810 TURNPIKE ROAD NEW IPSWICH NH 03071 CONSTRUCTION SERVICES 3936659 O'BRIEN BUSINESS SYSTEMS INC 739 E ELM STREET CONSHOHOCKEN PA 19428 COLLECTIONS STORAGE SYSTEMS 248703 DESIGN LAB ARCHITECTS 35 CHANNEL CENTER ST 103 BOSTON MA 02210 ARCHITECTURAL SERVICES 220950 3 62736 169925 1958093 180593 2190754 ADMISSIONS 712100 155548 155548 SCHOOL PROGRAMS 712100 55097 55097 PUBLIC PROGRAMS 712100 51609 51609 262254 139418 139418 24000 0 24000 24000 24000 424225 188568 235657 235657 235657 117549 169925 109524 8025 8025 30933 20382 10551 10023 528 2870659 272277 528 407100 138971 100059 38912 1052285 700521 106454 245310 37852 16351 7932 13569 89080 33520 47526 8034 32409 32409 187212 35692 119619 31901 19671 2871 16800 64628 29247 21920 13461 65941 7996 55032 2913 155393 118090 4622 32681 16812 543 10369 5900 104363 98377 5380 606 38439 23420 14988 31 INSTALLATIONS AND ACQUI 95809 95809 MISCELLANEOUS 38335 1477 27481 9377 PROGRAM EXPENSES 24139 24139 OFFICE EQUIPMENT MAINTE 5690 5690 2167029 1285241 462293 419495 69381 128502 4892325 2827258 1427491 1171733 19411 1598 2678709 1209076 16250 13587 10318 19063 11409362 2577001 3444650 8832361 6859535 6600212 49018 47004 19467088 20850394 367622 1220774 290 5406 367912 1226180 X 8382875 12520617 9133315 5493160 1582986 1610437 19099176 19624214 19467088 20850394 703630 -178592 0 X 0 1 X 1 0 X 1062061 1794605 7680665 4825881 2190754 17553966 544176 671900 692557 611455 410736 2930824 1606237 2466505 8373222 5437336 2601490 20484790 151346 999925 3639288 692357 872434 6355350 0 151346 999925 3639288 692357 872434 6355350 14129440 140157 142842 47623 108018 139418 578058 140157 142842 47623 108018 139418 578058 1746394 2609347 8420845 5545354 2740908 21062848 0.67080 0.69160 0.02740 0.03040 X X X 0 6684039 77451 161884 397118 6526256 6308345 68659 660979 353944 6684039 6171503 43400 432896 339454 6308345 6709018 81961 -282990 336486 6171503 6570859 51800 452131 333624 32148 6709018 0.65560 0.24680 0.09760 0 0 84355 84355 3706831 2319171 1387660 53725 53725 0 219528 204105 15423 7344923 7344923 8832361 X 2891037 -178592 88283 110687 20378 2870659 0 2870659 2365999 88283 110687 198970 2167029 0 2167029 PART III, LINE 1A: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESSION 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: THE MUSEUM SERVES AS A CENTER FOR LEARNING AND CULTURAL ENJOYMENT FOR THE REGION AND AS A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. LONG TERM EXHIBITIONS, DRAWN FROM THE MUSEUM COLLECTION OF 35,000 HISTORICAL ARTIFACTS, FOSTER GREATER UNDERSTANDING OF THE HISTORY OF CONCORD AND ITS RELATIONSHIP TO THE CULTURAL HISTORY OF THE NATION. A REGULAR SCHEDULE OF CHANGING EXHIBITIONS BROADENS THE RANGE OF TOPICS COVERED AND THE INTERPRETATION OF THE COLLECTION. ONGOING CURATORIAL RESEARCH AND PROFESSIONAL COLLECTIONS MANAGEMENT ARE THE FOUNDATON FOR THESE PROGRAMMATIC INITIATIVES. PART V, LINE 4: THE MUSEUM'S 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 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 FUNDS; 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 MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO HAVE A RISK PROFILE SIMILAR TO A 60% EQUITY AND 40% BOND BLEND AND TO ACHIEVE RESULTS OF THE MUTUAL FUND'S BENCHMARK. 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 TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE MUSEUM HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5.0% TO 6.0% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS THROUGH MARCH 31 OF THE YEAR 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 SUCH DEFICIENCIES AS OF SEPTEMBER 30, 2018 AND 2017. 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: GIFT SHOP COST OF GOODS SOLD 20,382. SPECIAL EVENT EXPENSES 90,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 20,382. SPECIAL EVENT EXPENSES 90,305. GOLF TOURNEY 104920 79290 25630 33309 GALA 57211 42566 14645 5028 28648 5 125343 48069 77274 42539 287474 169925 117549 5028 104496 109524 8025 X X 0 0 0 0 0 0 0 0 0 MARGARET R BURKE EXECUTIVE DIRECTOR 169147 0 0 0 0 0 7257 0 0 0 176404 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE ANNUALLY DETERMINES AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR GUIDED BY RELEVANT INDEPENDENT SALARY SURVEYS FOR SIMILAR POSITIONS. MINUTES ARE KEPT OF EXECUTIVE COMMITTEE MEETINGS. X 12 160875 NYSE X SPECIAL EVENT ITEMS 43 19718 FMV 0 1 0 PART I, LINE 33: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THEREFORE, NONCASH CONTRIBUTIONS OF HISTORICAL ARTIFACTS ARE NOT REPORTED AS REVENUE. FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B DIRECTOR OF FINANCE REVIEW, TREASURER REVIEW, FINANCE COMMITTEE REVIEW & THEN THE BOARD OF GOVERNORS APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY OFFICERS, GOVERNORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING ANY OUTSIDE INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST REGARDING THEIR INVOLVEMENT WITH CONCORD ANTIQUARIAN SOCIETY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ANNUALLY DETERMINES AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR GUIDED BY RELEVANT INDEPENDENT SALARY SURVEYS FOR SIMILAR POSITIONS. THE EXECUTIVE COMMITTEE ALSO ANNUALLY REVIEWS RELEVANT SALARY SURVEYS AND COMPENSATION FOR OTHER KEY MUSEUM POSITIONS. MINUTES ARE KEPT OF EXECUTIVE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.