2018-02-09T06:22:55-06:00 2017-03-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2016-04-01 042104937 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES SOCI 6179945900 141 CAMBRIDGE STREET BOSTON MA 021142702 CARL R NOLD PRESIDENT/CEO 6172273957 2018-02-08 1 BARBARA E KING P00005629 5087557107 2018-02-08 71.11.10.178 2018-02-08 09:27:31 ES P FD78FDF4D2A4075D44F1278AC2AD40027EF3B92A 7A9092BC06C525A9316A3B6F097EE634632EBE84 2016 2021-01-29 14:40:06Z HISTORIC NEW ENGLAND CARL R NOLD 141 CAMBRIDGE STREET BOSTON MA 021142702 79133200 0 X HISTORICNEWENGLAND.ORG X 1910 MA WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 20 19 344 504 23268 0 18657321 7920911 591326 609242 4867020 3345278 378136 518404 24493803 12393835 137144 0 0 0 6676291 6572283 0 0 559387 4570614 8065455 11384049 14637738 13109754 -2243903 133885928 141288070 3805586 3892243 130080342 137395827 WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 0 0 7475890 985055 MUSEUMS - DURING THE 2016 CALENDAR YEAR, THE 36 HISTORIC PROPERTIES OWNED AND RUN BY HISTORIC NEW ENGLAND HAVE BEEN VISITED BY 208,368 INDIVIDUALS. THE PROGRAMS INCLUDE EDUCATION, PUBLIC OUTREACH AND CURATORIAL CARE FOR 123,000 OBJECTS AND 1,500,000 DOCUMENTS AND PHOTOGRAPHS. 4383360 CONSERVATION AND PRESERVATION- HISTORIC NEW ENGLAND PROVIDES PROPERTY CARE AND MANAGEMENT SERVICES FOR ALL OF THE ORGANIZATION'S HISTORIC PROPERTIES AND LANDSCAPES. 494135 EASEMENT PRESERVATION-ADMINISTERS 101 EASEMENTS THAT PROTECT PRIVATELY OWNED HISTORIC BUILDINGS THROUGHOUT NEW ENGLAND. 12353385 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 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 67 0 1 344 1 1 1 0 0 0 0 1 1 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 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 THEODORE ALFOND TRUSTEE 2.00 X 0 0 0 MAUREEN FENNESSY BOUSA 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 F WARREN MCFARLAN TRUSTEE 2.00 X 0 0 0 ELIZABETH H OWENS TRUSTEE 2.00 X 0 0 0 ROGER T SERVISON TRUSTEE 2.00 X 0 0 0 SYLVIA Q SIMMONS TRUSTEE 2.00 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 316519 0 73777 JON-PAUL COUTURE TRUSTEE 2.00 X 0 0 0 GEORGE F FISKEJR TRUSTEE 2.00 X 0 0 0 GREGORY D LOMBARDI TRUSTEE 2.00 X 0 0 0 WENDY GUS DIRECTOR OF FINANCE 40.00 X 101221 0 19436 DIANE L VIERA EXECUTIVE VP & COO 40.00 X 181938 0 19070 599678 0 112283 5 0 1 0 TIMBERLINE CONSTRUCTION CORP 300 PINE STREET CANTON MA 02021 CONSTRUCTION SERVICES 3127434 CONSIGLI CONSTURCTION CO 72 SUMMER STREET MILFORD MA 01757 CONSTRUCTION SERVICES 428902 INT'L FINE ARTS CONSTRUCTION CO 135 RIVER NORTH CT ATLANTA GA 03028 INTERIORS HIGH END PAINTING 170596 RED RIVER COMPUTER CO 21 WATER STREET SUITE 500 CLAREMONT NH 03743 IT CONSULTING 152666 BORSKI & SON INC RM 446 SENEXET RD WOODSTOCK CT 06281 PLASTER REPAIR, BARN STABILIZATION 144978 5 412623 278025 7230263 154041 7920911 ADMISSIONS 713990 609242 609242 609242 1151840 1151840 5154 5154 579797 429608 233786 269595 346011 160013 506024 360553 145471 67987597 4750 65798390 519 2189207 4231 2193438 4231 2189207 154495 36095 118400 118400 278777 400980 -122203 -122203 MISCELLANEOUS INCOME 713990 11029 11029 11029 12393835 985055 23268 3464601 5347999 4078690 846607 422702 220428 133152 76072 11204 633750 464184 116639 52927 370106 288166 53036 28904 95634 63637 31997 49760 49760 592221 473730 118491 63285 63285 184911 124045 60866 477475 354769 111256 11450 344390 304239 26779 13372 429491 399478 30013 157561 113006 40818 3737 19320 10445 8187 688 33747 33747 443559 393841 48895 823 129444 120414 9030 FACILITY IMPROVEMENTS & 3181658 3177066 4592 GROUNDS IMPROVEMENT & M 1042872 1042872 COLLECTIONS & EXHIBITIO 774670 774670 PROGRAM & EVENT EXPENSE 287287 265492 7862 13933 -241830 -262258 20781 -353 14637738 12353385 1724966 559387 66192 37560 5813987 1107894 3272963 3759589 21114 28347 247867 239756 280953 85889 13534545 3791958 8252391 9742587 106003444 115536323 9459841 9707749 467176 1042376 133885928 141288070 2055442 2004187 1355000 1230000 395144 658056 3805586 3892243 X 30771958 33143361 55116916 55089877 44191468 49162589 130080342 137395827 133885928 141288070 X -2243903 9311480 247908 X 0 1 X 1 0 X 2287387 4878862 4148332 18752094 7918974 37985649 2287387 4878862 4148332 18752094 7918974 37985649 3196506 34789143 2566928 3033671 4236456 3129925 2166400 15133380 17554 2979 13480 5837 11028 50878 53169907 4535208 0.65430 0.70810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 104 910.23 98 36 0 5 1 3161.00 190760 1 X X X X 0 0 0 86697044 5219414 8403869 6229719 94090608 86179123 10587558 -4668008 5401629 86697044 88128192 884030 1216238 4049337 86179123 87759313 183468 10060510 9875099 88128192 84910006 144336 6783790 4078819 87759313 0.26020 0.52250 0.21730 0 0 5223104 909566 4313538 4264077 1101452 3162625 1710576 1050089 660487 2336788 730851 1605937 9742587 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 9707749 F 9707749 REFUNDABLE DEPOSITS 613056 REFUNDABLE ADVANCES 45000 658056 X 22334364 9311480 1221271 10532751 11801613 592221 592221 12393834 15119405 1073888 1073888 14045517 592221 592221 14637738 PART II, LINE 3: NO EASEMENT WAS MODIFIED, TRANSFERRED, RELEASED, EXTINGUISHED OR TERMINATED DURING THE CURRENT FISCAL YEAR. 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 PERMANENTLY RESTRICTED NET ASSETS (A) THE ORGINAL 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 TEMPORORARILY 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 FUND; 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. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNTED TO $23,042 AS OF MARCH 31, 2017. 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 400,980. RENTAL EXPENSE 503,381. UNREALIZED GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 247,908. FUNDRAISING EXPENSES-GALA 36,095. SPNEA CT 32,907. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 400,980. RENTAL EXPENSE 503,381. FUNDRAISING EXPENSES 36,095. SPNEA CT 133,432. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 33540219 0 0 0 0 0 0 33540219 0 33540219 0 0 0 1 0 0 CENTURY ON THE HILL 108890 108890 21123 FEAST FOR THE FARMS 34730 34730 10680 1 10875 10875 4292 154495 154495 36095 36095 118400 1 X X X X 0 1 0 0 0 0 0 0 0 CARL R NOLD PRESIDENT/CEO 316519 0 0 0 0 0 66419 0 7358 0 390296 0 0 0 DIANE L VIERA EXECUTIVE VP & COO 181938 0 0 0 0 0 9862 0 9208 0 201008 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS A INTERNAL REVENUE SERVICE CODE 457(F)DEFERRED COMPENSATION PLAN PROVIDING BENEFITS TO THE EXECUTIVE DIRECTOR COMMENCING UPON RETIREMENT. THE ACCRUED DEFERRED COMPENSATION FOR THE CURRENT YEAR WAS $38,419. SCHEDULE J - PAGE 1, LINE 4B - SUPPLEMENTAL INFORMATION: THE ORGANIZATION HAS AN INTERNAL REVNUE CODE SECTION 457(B) PLAN AND HAS MADE THE FOLLOWING CONTRIBUTIONS FOR KEY EMPLOYEES DURING THE CURRENT YEAR: CARL R. NOLD PRESIDENT/CEO - $18,000 DIANE L. VEIRA, VP/COO - $2,030 JENNIFER KENT, VP OF ADVANCEMENT - $963 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 14 154041 FAIR MARKET VALUE X 70 0 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 SFAS 116. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE 990 WAS DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BODY FOR REVIEW AND COMMENT. 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 ORGANIZATION DETERMINES COMPENSATION OF ITS CEO BY COMPARISONS TO COMPENSATION LEVELS FOR SIMILAR POSITIONS AT OTHER MUSEUMS/NON-PROFIT ORGANIZATIONS WITH COMPARABLE BUDGETS AND SCOPE OF OPERATIONS. 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 GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 247,908. 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 B -3474 COST