2018-10-03T10:21:22-05:00 2017-12-31 042993500 JON R MORSE CPA PC 38 PLEASANT STREET GLOUCESTER MA 019305943 990 2017-01-01 042143545 CAPE ANN MUSEUM INC CAPE 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 ARTHUR RYAN TREASURER 9782830455 2018-09-11 1 JON R MORSE P00438625 9782832224 2018-09-06 73.16.31.67 2018-09-11 15:50:44 ED P 5073BFBB6C1CE6FDF898BF41C11EF0780ACA49F1 5073BFBB6C1CE6FDF898BF41C11EF0780ACA49F1 2017 2018-06-14 16:35:46Z CAPE ANN MUSEUM ARTHUR RYAN 27 PLEASANT STREET GLOUCESTER MA 01930 5866187 0 X WWW.CAPEANNMUSEUM.ORG X 1873 MA TO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY AND SEEKS TO ENGAGE THE BROADEST POSSIBLE AUDIENCE. 24 23 22 130 0 0 1270631 1258931 83660 120533 513068 759217 60750 65673 1928109 2204354 5000 5000 0 0 738781 767160 0 0 145217 1072265 1134246 1816046 1906406 112063 297948 17505466 18504317 289980 318782 17215486 18185535 X SEE SCHEDULE OTO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVEMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY AND SEEKS TO ENGAGE THE BROADEST POSSIBLE AUDIENCE. 0 0 1381320 5000 171467 PURPOSES ARE OWNERSHIP,OPERATION,COLLECTION AND PRESERVATION OF HISTORICAL BUILDINGS,OBJECTS,RECORDS AND WORKS OF ART ALL RELATED TO CAPE ANN. THE MUSEUM EXHIBITS AND OFFERS EDUCATIONAL PROGRAMMING FOCUSING ON ITS COLLECTIONS FOR THE BENEFIT OF ITS MEMBERS AND THE GENERAL PUBLIC. 1381320 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 28 0 22 1 0 0 0 0 0 1 1 0 0 X 24 23 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X ORGANIZATION 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 X JOHN CUNNINGHAM III PRESIDENT 5.00 X X 0 0 0 JJBELL VICE PRESIDENT 5.00 X X 0 0 0 ARTHUR RYAN TREASURER 5.00 X X 0 0 0 NINA GOODICK CLERK 5.00 X X 0 0 0 KERMIT BIRCHFIELD BOARD OF DIRECTORS 1.00 X 0 0 0 HERBERT COLLINSOFF IN MAY BOARD OF DIRECTORS 1.00 X 0 0 0 KRISTIN ZARRELLA BOARD OF DIRECTORS 1.00 X 0 0 0 RICHARD TADLER BOARD OF DIRECTORS 1.00 X 0 0 0 STEPHANIE GASKINS BOARD OF DIRECTORS 1.00 X 0 0 0 SAMUEL HOLDSWORTH BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM JAMES BOARD OF DIRECTORS 1.00 X 0 0 0 BONNIE COVINGTON BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM CROSS BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM LYNCH BOARD OF DIRECTORS 1.00 X 0 0 0 ROBERT BACHELDER BOARD OF DIRECTORS 1.00 X 0 0 0 STEVIE NEALOFF IN MAY BOARD OF DIRECTORS 1.00 X 0 0 0 HINDA SIMON BOARD OF DIRECTORS 1.00 X 0 0 0 THOMAS HOVEY BOARD OF DIRECTORS 1.00 X 0 0 0 HENRIETTA GATES BOARD OF DIRECTORS 1.00 X 0 0 0 AMY MOOREOFF IN MAY BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM HAUSMAN BOARD OF DIRECTORS 1.00 X 0 0 0 STEPHANIE TERELAK BENENSON BOARD OF DIRECTORS 1.00 X 0 0 0 DAVID PORPER BOARD OF DIRECTORS 1.00 X 0 0 0 JOHN RANDO BOARD OF DIRECTORS 1.00 X 0 0 0 CHARLES D ESDAILE BOARD OF DIRECTORS 1.00 X 0 0 0 ANNE ROGERS HALEY BOARD OF DIRECTORS 1.00 X 0 0 0 SUSANNA NATTI BOARD OF DIRECTORS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 353673 76815 828443 24900 1258931 ADMISSIONS 900099 83386 83386 ART EXHIBITS & PROGRAMS 900099 37147 37147 120533 289004 289004 4020247 3550034 470213 470213 470213 57968 76815 43627 14341 14341 119106 68172 50934 50934 INSURANCE SETTLEMENT 900099 398 398 398 2204354 171467 0 773956 5000 5000 92582 23146 46291 23145 597536 404149 109417 83970 20527 5925 6169 8433 56515 34992 12751 8772 44775 44775 34512 34512 96616 70676 24252 1688 13961 13961 66498 45916 9975 10607 4922 4430 492 176405 158765 15876 1764 6515 6515 293318 263986 26399 2933 31422 24987 4070 2365 REPAIRS & MAINTENANCE 109879 98892 10987 PROGRAMS & EXHIBITS 98333 98333 MEMBER SERVICES 55621 55621 COLLECTION MANAGEMENT 33614 33614 67855 32412 34395 1048 1906406 1381320 379869 145217 22982 21761 361845 519190 95259 36300 60364 69570 20489 23588 9896831 3713105 6398570 6183726 10497095 11616374 48861 33807 1 1 17505466 18504317 93825 101993 175000 182500 21155 34289 289980 318782 X 13819103 14653156 1146694 1074907 2249689 2457472 17215486 18185535 17505466 18504317 297948 672101 0 X X 0 1 X 1 0 X 2050254 1735099 873332 1270631 1158931 7088247 144604 215203 245706 254201 297607 1157321 2194858 1950302 1119038 1524832 1456538 8245568 881755 388615 200136 354491 396114 2221111 0 881755 388615 200136 354491 396114 2221111 6024457 290814 317437 303221 309881 289004 1510357 290814 317437 303221 309881 289004 1510357 2485672 2267739 1422259 1834713 1745542 9755925 0.61750 0.58300 0.15480 0.13840 X X X X X 0 4249689 270533 62750 4457472 4108403 214603 73317 4249689 4216981 -35709 72869 4108403 4205111 89413 77543 4216981 4030048 246213 71150 4205111 0 0 331038 331038 9113278 3510036 5603242 133876 65654 68222 318639 137415 181224 6183726 FIXED INCOME INVESTMENTS 4048043 F MONEY MARKETS 200828 F STOCKS & MUTUAL FUNDS 7367503 F 11616374 DEFERRED REVENUE 33048 SALES TAXES PAYABLE 1241 34289 X 2988254 672101 111799 783900 2204354 0 2204354 2018205 111799 111799 1906406 0 1906406 PART III, LINE 1A: NOTE 5 OF FINANCIAL STATMENTS - COLLECTIONS: "COLLECTIONS CONSIST OF WORKS OF ART, OBJECTS, ARTIFACTS AND RECORDS REFLECTIVE OF CAPE ANN AND ITS HERITAGE. COLLECTION ITEMS, WHETHER PURCHASED OR DONATED, ARE NOT CAPITALIZED BECAUSE THEIR INTRINSIC VALUE IS NOT SUSCEPTIBLE TO REASONABLE ESTIMATION. THE COLLECTION IS CARRIED AT $1.00. IT IS THE POLICY OF THE MUSEUM THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS WILL BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS OR FOR "DIRECT CARE" OF THE COLLECTION, WHICH ARE THEN CHARGED AS COLLECTION ACQUISITION OR COLLECTION CARE EXPENSES. PART III, LINE 4: SEE DESCRIPTION FOR PART III, LINE 1A REGARDING THE DESRIPTION OF THE ORGANIZATIONS COLLECTION. PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENTS PROVIDE INCOME TO SUPPORT CURRENT OPERATIONS. THE BOARD RESTRICTED ENDOWMENTS ARE HELD TO PROVIDE FINANCIAL SECURITY IN THE FUTURE. PART X, LINE 2: IN 2009, THE MUSEUM ADOPTED TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS REQUIRED BY THIS TOPIC, MANAGEMENT OF THE MUSEUM HAS EVALUATED ITS TAX POSITIONS, APPLYING A "MORE LIKELY THAN NOT" STANDARD, AND BELIEVES THAT THERE WOULD BE NO MATERIAL CHANGES TO THE RESULTS OF ITS OPERATIONS OR FINANCIAL POSITION AS A RESULT OF AN AUDIT BY APPLICABLE TAXING AUTHORITIES, FEDERAL OR STATE. THE MUSEUM HAS FILED ALL OF ITS KNOWN REQUIRED RETURNS IN A TIMELY MANNER INCLUDING AS PERMITTED ALLOWED EXTENSIONS. ACCORDINGLY, MANAGEMENT BELIEVES THAT TAX YEARS 2013,2014,2015 AND 2016 REMAIN OPEN YEARS AND SUBJECT TO REVIEW. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME FUNDRAISING EXPENSES-NETTED WITH INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME FUNDRAISING EXPENSES-NETTED WITH INCOME CAPTAIN'S PARTY 70118 39110 31008 19131 900 2470 WOMEN'S LUNCHEON 64665 37705 26960 5560 11295 4271 134783 76815 57968 5560 30426 900 6741 43627 14341 1 X 0 0 0 0 0 0 0 0 0 WH GOODICK INC COMPANY IS OWNED BY THE SPOUSE OF A BOARD MEMBER 45436 PROVIDED GALLERY RENOVATIONS AND REPAIRS. CASH PAYMENTS FOR THESE SERVCES TOTALED $45,436 IN 2017. AMOUNTS INVOICED FOR SERVICES IN 2017 TOTALED $67,925. 0 X 28 X 4 24901 MARKET VALUE X 6 4 0 0 1 PART I, LINE 32B: THE MUSEUM OCCASIONALLY RECEIVES NON CASH DONATIONS OF SECURITIES;IF THE MUSEUM CHOOSES TO CONVERT SUCH DONATIONS TO CASH, IT ENGAGES ITS INDEPENDENT INVESTMENT ADVISORS TO COMPLETE SUCH TRANSACTIONS. PART I, LINE 33: THE MUSEUM HAS ADOPTED ACCOUNTING PRINCIPLES UNDER SFAS 116 WHEREIN IT DOES NOT CAPITALIZE DONATIONS ARTWORK AND HISTORICAL ARTIFACTS TO ITS COLLECTIONS AND THEREFORE THE RELATED REVENUE IS ALSO NOT RECOGNIZED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE REQUIRED TO PAY AN ANNUAL MEMBERSHIP FEE. THERE IS ONLY ONE CLASS OF MEMBERS AND ALL MEMBERS HAVE THE SAME RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT OTHER MEMBERS TO THE BOARD OF DIRECTORS, AT THE ANNUAL MEETING WHICH OCCURS EVERY MAY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL CURRENT AND FUTURE BOARD MEMBERS ARE GIVEN A COPY OF CONFLICT OF INTEREST POLICY AND THEY ARE REQUIRED TO SIGN A REGISTRY INDICATING THEY HAVE RECEIVED AND READ THE POLICY. THE REGISTRY IS MAINTAINED BY THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS AND THE EXECUTIVE COMMITTEE REVIEW COMPARABILITY DATA FROM THE NEW ENGLAND MUSEUM ASSOCIATION COMPENSATION SURVEY AND SUBSEQUENTLY APPROVE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTORS AND OTHER KEY EMPLOYEES. OFFICERS AND TRUSTEES OF THE BOARD ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION, IN 2009, COMPLETED WORK ON CONFLICT OF INTEREST, DOCUMENT RETENTION, AND WHISTLEBLOWER POLICIES. THIS INFORMATION, AS WELL AS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE AND AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT ANNUALLY.