2017-04-05T16:26:56-05:00 2016-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2015-07-01 042103993 THE CHILDRENS MUSEUM CHIL 6174266500 308 CONGRESS STREET BOSTON MA 02210 AMY AUERBACH SVP & CFO 6174266500 2017-03-29 1 ALFONSO PERILLO P00950491 6172276161 2017-03-23 2015 2021-01-29 14:40:06Z BOSTON CHILDREN'S MUSEUM AMY AUERBACH 308 CONGRESS STREET BOSTON MA 02210 12559905 0 X BOSTONCHILDRENSMUSEUM.ORG X 1913 MA BOSTON CHILDREN'S MUSEUM ENGAGES CHILDREN AND FAMILIES IN JOYFUL DISCOVERY EXPERIENCES THAT INSTILL AN APPRECIATION OF OUR WORLD, DEVELOP FOUNDATIONAL SKILLS, AND SPARK A LIFELONG LOVE OF LEARNING. BOSTON CHILDREN'S MUSEUM IS A WELCOMING, IMAGINATIVE, CHILD-CENTERED LEARNING ENVIRONMENT THAT SUPPORTS DIVERSE FAMILIES IN NUTURING THEIR CHILDREN'S CREATIVITY AND CURIOSITY. WE PROMOTE THE HEALTHY DEVELOPMENT OF ALL CHILDREN SO THAT THEY WILL FULFILL THEIR POTENTIAL AND CONTRIBUTE TO OUR COLLECTIVE WELLBEING AND FUTURE PROSPERITY. 27 27 165 731 -74462 -74462 4198634 3947903 4366775 4820770 1140992 196397 236494 40047 9942895 9005117 0 0 0 0 3368685 3694514 123610 40000 420743 5602789 5741364 9095084 9475878 847811 -470761 62679389 59224941 17719800 16208680 44959589 43016261 X SEE SCHEDULE O - FORM 990 PART I LINE 1 0 0 2880148 3264957 VISITOR PROGRAMS OFFER INFORMAL AND FORMAL LEARNING EXPERIENCES FOR FAMILIES, SCHOOL, AFTER-SCHOOL AND COMMUNITY GROUPS. 2305136 86581 EXHIBITS PROVIDE INNOVATIVE, HANDS-ON, EDUCATIONAL AND ENGAGING ACTIVITIES FOCUSED ON SCIENCE AND MATH, CULTURE, ENVIRONMENTAL AWARENESS, HEALTH AND THE ARTS. 2293075 63065 EDUCATION PROGRAMS INCLUDE SIGNIFICANT FOCUS ON PRE-SCHOOL, EARLY CHILDHOOD EDUCATION AND SCHOOL READINESS AS WELL AS "STEM" PROGRAMS FOR OLDER KIDS. 292205 1406167 MEMBERSHIPS 292205 1406167 7770564 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 132 0 1 165 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X AMY AUERBACH 6174266500 308 CONGRESS STREET BOSTON MA 02210 MICHAEL W YOGMAN TRUSTEE, CHAIRMAN 3.80 X X 0 0 0 PATRICIA A PARCELLIN TRUSTEE, VICE CHAIR 1.80 X X 0 0 0 THOMAS MCCROREY TRUSTEE, TREASURER 0.50 X X 0 0 0 JILL SILVERSTEIN TRUSTEE, SECRETARY 0.50 X X 0 0 0 KAREN G BAROODY TRUSTEE 0.38 X 0 0 0 ANTHONY BORDON TRUSTEE 0.38 X 0 0 0 RENEE BOYNTON-JARRETT TRUSTEE 0.38 X 0 0 0 TODD CASSLER TRUSTEE 0.38 X 0 0 0 JOSEPH CHOW TRUSTEE 0.38 X 0 0 0 MARTHA COAKLEY TRUSTEE 0.38 X 0 0 0 DAVID CRAWFORD TRUSTEE 0.38 X 0 0 0 MARY CULLINANE TRUSTEE 0.38 X 0 0 0 NIRAV DAGLI TRUSTEE 0.50 X 0 0 0 WING DELATORRE TRUSTEE 0.38 X 0 0 0 RICK DIMINO TRUSTEE 0.50 X 0 0 0 DAVID HEALY TRUSTEE 0.38 X 0 0 0 JASON JANOFF TRUSTEE 0.38 X 0 0 0 DEBORAH JOELSON TRUSTEE 0.50 X 0 0 0 MIEKO KAMII TRUSTEE 0.38 X 0 0 0 MADGE MEYER TRUSTEE 0.38 X 0 0 0 BHASKER NATARAJAN TRUSTEE 0.38 X 0 0 0 ERICA GERVAIS PAPPENDICK TRUSTEE 0.38 X 0 0 0 LIAM PATRICK TRUSTEE 0.38 X 0 0 0 JANE POST TRUSTEE 0.38 X 0 0 0 JAMES ROONEY TRUSTEE 0.38 X 0 0 0 JAN SMITH TRUSTEE 0.50 X 0 0 0 PETER TORREBIARTE TRUSTEE 0.38 X 0 0 0 CAROLE CHARNOW PRESIDENT/CEO 35.00 X 238949 0 22315 AMY AUERBACH SVP/CFO 35.00 X 146875 0 14171 ALLYSON CLANCY ASSISTANT SECRETARY 35.00 X 38472 0 354 LESLIE SWARTZ SVP PROGRAMMING & RESEARCH 35.00 X 121694 0 10696 GERALDINE ROBINSON VP EARLY CHILDHOOD 35.00 X 109949 0 10125 CHARLAYNE MURRELL-SMITH VP EXTERNAL RELATIONS 35.00 X 105980 0 8011 761919 0 65672 5 0 1 0 ACP CLEANING INC PO BOX 2411 WOBURN MA 01888 MUSEUM & TENANT CLEANING 629608 CB RICHARD ELLISNE PARTNERS 33 ARCH STREET 10TH FLOOR BOSTON MA 02110 PROPERTY MANAGEMENT 484044 SECURITAS SECURITY SERVICES US 77 SUMMER STREET 4TH FLOOR BOSTON MA 02110 MUSEUM & BUILDING SECURITY 250538 CUSTOM COMPUTER SPECIALISTS INC 70 SUFFOLK COURT HAUPPAUGE NY 11788 IT & NETWORK MONITORING SERVICES 159763 CHAPMAN WATERPROOFING 395 COLUMBIA ROAD BOSTON MA 02125 BRICK REPOINTING SERVICES 136723 6 370718 435548 3141637 528814 3947903 ADMISSIONS 900099 3016682 3016682 MEMBERSHIPS 900099 1406166 1406166 PROGRAM FEES 900099 314922 311727 3195 TRAVELING EXHIBITS 900099 83000 83000 4820770 160993 160993 1807926 2076177 -268251 -268251 -77657 -190594 1342120 866475 440241 475645 -440241 35404 35404 98062 370718 171895 -73833 -73833 ANCILLARY SERVICES 900099 382131 382131 382131 9005117 5199706 -74462 -68030 477121 372588 104533 2714487 2190754 352517 171216 39212 31315 7403 494 245051 212423 28941 3687 218643 157673 44469 16501 11416 11416 41000 41000 40000 40000 351619 298244 48359 5016 589414 589031 233 150 226649 115987 85148 25514 210663 9646 198867 2150 2061608 1780213 271558 9837 51069 21407 27497 2165 10711 8555 1434 722 1912942 1773611 134550 4781 17822 7151 10671 MATERIALS AND SUPPLIES 172540 167402 2772 2366 BANK AND OTHER FEES 111313 108133 3060 120 EQUIPMENT RENTAL- REPAI 63327 50408 12919 PROFESSIONAL DEVELOPMEN 18265 2413 15852 -108994 246198 -386683 31491 9475878 7770564 1284571 420743 6355948 6446810 2013291 1218237 253763 228974 62062 61632 63908361 28372733 37372176 35535628 16017077 14788889 605072 944771 62679389 59224941 1097300 1204345 16250000 14000000 281868 292579 90632 711756 17719800 16208680 X 32448544 32555123 8385851 6335944 4125194 4125194 44959589 43016261 62679389 59224941 X -470761 -1150541 -322026 X X 0 1 X 1 0 X 3659954 2246408 3616390 4198634 3947903 17669289 4637713 5044312 4932564 4869069 5297768 24781426 8297667 7290720 8548954 9067703 9245671 42450715 106535 211941 121174 121919 151695 713264 0 106535 211941 121174 121919 151695 713264 41737451 2083983 2074937 2251675 2242061 1968919 10621575 2083983 2074937 2251675 2242061 1968919 10621575 10381650 9365657 10800629 11309764 11214590 53072290 0.78640 0.76760 0.20010 0.21550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 19079219 2466548 -502273 4518261 16525233 18557241 2585110 -114621 1948511 19079219 17216502 1389957 2030639 2079857 18557241 15563254 1059983 1800499 1207234 17216502 16323304 2296125 76659 3132834 15563254 0.36700 0.24960 0.38340 0 0 3331193 3331193 45723665 16567434 29156231 2154118 1343924 810194 12699385 10461375 2238010 35535628 DERIVATIVE FINANCIAL INSTRUMENTS 711756 711756 10883919 -1150541 500 340531 -809510 11693429 -2688312 -2688312 9005117 12827247 500 3350869 3351369 9475878 0 9475878 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, THE VALUE OF PROPERTY DONATED FOR THE MUSEUM COLLECTION IS NOT REFLECTED ON THE STATEMENT OF FINANCIAL POSITION. THE COLLECTION IS DEEMED INEXHAUSTIBLE. THE COLLECTION IS MAINTAINED FOR EDUCATION AND RESEARCH AND FURTHERANCE OF THE MUSEUM'S GOALS RATHER THAN FINANCIAL GAIN. THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED AND IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT ENCOURAGES PERMANENT POSSESSION. PART III, LINE 4: BOSTON CHILDRENS MUSEUM HAS BEEN A COLLECTING INSTITUTION SINCE ITS BEGINNING IN 1913 AND TODAY THE COLLECTIONS NUMBER APPROXIMATELY 50,000 OBJECTS, INCLUDING CULTURAL ARTIFACTS AND NATURAL HISTORY SPECIMENS, WHICH CAN BE BROKEN INTO SIX MAIN COLLECTING AREAS: NATIVE AMERICAN, JAPANESE, AMERICANA, GLOBAL DOLLS, GENERAL CULTURAL COLLECTIONS, AND NATURAL HISTORY. THE COLLECTION IS MOST FREQUENTLY USED TO ENHANCE MUSEUM EXHIBITS, FOR SCHOLARLY RESEARCH, AS WELL AS EDUCATIONAL PROGRAMMING. PART V, LINE 4: THE ORGANIZATION'S TERM ENDOWMENTS ARE USED FOR THE FOLLOWING PURPOSES: 1) CAPITAL CAMPAIGN, 2) EXHIBITS 3) CAPITAL IMPROVEMENTS AND 4) OTHER PROGRAMS. THE MUSEUM USES ITS PERMANENT ENDOWMENTS IN ACCORDANCE WITH UPMIFA AND SPENDS FOUR-AND-A-HALF PERCENT OF THE AVERAGE OF THE FMV OF EACH OF THE PREVIOUS 12 QUARTERS TO SUPPORT CURRENT OPERATIONS. THE BOARD-DESIGNATED AND QUASI-ENDOWMENTS ARE USED AT THE BOARD'S DISCRETION. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467 340,531. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -2,076,176. DIRECT EXPENSES OF FUNDRAISING EVENTS -171,895. LOSS ON DISPOSAL OF OTHER ASSETS -440,241. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,076,176. BAD DEBT FROM UNCOLLECTIBLE PLEDGES 41,433. DIRECT EXPENSES OF FUNDRAISING EVENTS 171,895. UNREALIZED LOSS ON DERIVATIVE INSTRUMENTS 621,124. LOSS ON DISPOSAL OF OTHER ASSETS 440,241. X X X X X X 1 CREATIVE DEVELOPMENT STRATEGIES 90 ELMWOOD ROAD WELLESLEY MA 02481 EVENT PLANNING & FUNDRAISING 0 0 40000 -40000 40000 -40000 MA GALA 468780 370718 98062 36785 75365 11950 47795 468780 370718 98062 36785 75365 11950 47795 171895 -73833 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE MUSEUM PAID THE PROFESSIONAL FUNDRAISER TO HELP PLAN AND ORGANIZE THE GALA EVENT AND DO OTHER GENERAL FUNDRAISING FOR THINGS SUCH AS THE ANNUAL FUND. X X X X X 0 0 0 0 0 0 0 0 0 CAROLE CHARNOW PRESIDENT/CEO 238949 0 0 0 0 0 9663 0 12652 0 261264 0 0 0 AMY AUERBACH SVP/CFO 146875 0 0 0 0 0 6056 0 8115 0 161046 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431181 57583RGQ2 2006-09-25 SEE SCHEDULE K, PAGE 2, PART V 0 0 0 A 6921695 30000000 396523 22681782 2007 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 0 A 0 SCHEDULE K, PART I, ITEM A, COLUMN F DESCRIPTION OF BOND PURPOSE TO FINANCE AND REFINANCE THE CAPITAL COSTS OF THE: A)ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF THE BORROWER'S FACILITIES; B) PROJECTS ORIGINALLY FINANCED WITH SERIES 2001 BONDS; AND C) CERTAIN COSTS OF ISSUANCE. SCHEDULE K, PART IV, QUESTIONS 3,4,5,6,7 ARBITRAGE THE MUSEUM HAS TWO QUALIFIED HEDGES. 3- YES 4A- YES 4B- CITIZENS BANK 4C- 5 YEARS 4D- NO 4E- NO 5- NO 5B,C,D- N/A 6- NO 7- NO X 6 528814 MARKET QUOTATIONS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE AND AUDIT COMMITTEES ARE THE GOVERNING BODIES THAT HAVE RESPONSIBILITY FOR REVIEWING THE FORM 990. THIS FORM WAS DISTRIBUTED BY EMAIL TO THESE COMMITTEES PRIOR TO THE FILING DATE, LEAVING TIME FOR QUESTIONS AND COMMENTS. IN ADDITION, THE ENTIRE BOARD OF TRUSTEES ALSO RECEIVES A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE MUSEUM ASKS ALL THE TRUSTEES AND OFFICERS TO REVIEW AND EXECUTE A CONFLICT OF INTEREST POLICY STATEMENT. IT IS THE RESPONSIBILITY OF THE PRESIDENT/CEO AND THE BOARD CHAIR TO REVIEW AND DISCLOSE CONFLICTS AND HANDLE THE MATTER AS HE OR SHE DEEMS APPROPRIATE. THE CONFLICT OF INTEREST POLICY STATEMENT ALSO OBLIGATES EACH FIDUCIARY, ON AN ONGOING BASIS, TO REPORT ANY CONFLICTS EITHER EXISTING OR PERCEIVED TO THE PRESIDENT/CEO OR BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR REVIEWING AND DETERMINING THE CEO'S COMPENSATION IS AS FOLLOWS: THERE IS A COMPENSATION COMMITTEE, WHICH IS A SUBSET OF THE BOARD OF TRUSTEES AND CONVENES TO REVIEW MARKET DATA FOR THIS POSITION. BASED ON THIS REVIEW, A COMPENSATION PACKAGE WAS AGREED UPON. THIS PROCESS WAS ADOPTED IN THE FALL OF 2008. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON DERIVATIVE INSTRUMENTS -621,124. BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467 340,531. BAD DEBT FROM UNCOLLECTIBLE PLEDGES -41,433. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE MUSEUM'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.