2017-05-15T08:12:18-05:00 2016-06-30 111986323 MARCUM LLP 53 STATE STREET FLOOR 17 BOSTON MA 02109 990 2015-07-01 042108374 MASSACHUSETTS HISTORICAL SOCIETY MASS 6175361608 1154 BOYLSTON STREET BOSTON MA 022153695 DENNIS A FIORI PRESIDENT 6175361608 2017-05-10 1 DONALD ZIDIK P00080352 6178075000 2017-05-08 2015 2021-01-29 14:40:06Z DENNIS A FIORI 1154 BOYLSTON STREET BOSTON MA 022153695 2929057 0 X WWW.MASSHIST.ORG X 1791 MA THE MHS IS A CENTER OF LEARNING DEDICATED TO A DEEPER UNDERSTANDING OF THE AMERICAN EXPERIENCE. 22 21 58 35 0 0 2507894 2751581 93707 149505 354451 -42624 226248 -1767 3182300 2856695 125317 109001 0 0 3757026 3713841 0 0 414291 1484657 2128613 5367000 5951455 -2184700 -3094760 90661553 84771602 1917048 2641937 88744505 82129665 X THE MASSACHUSETTS HISTORICAL SOCIETY IS A CENTER OF RESEARCH AND LEARNING DEDICATED TO A DEEPER UNDERSTANDING OF THE AMERICAN EXPERIENCE. THROUGH ITS COLLECTIONS, SCHOLARLY PURSUITS, AND PUBLIC PROGRAMS, THE SOCIETY SEEKS TO NURTURE A GREATER APPRECIATION FOR AMERICAN HISTORY AND FOR THE IDEAS, VALUES, SUCCESSES, AND FAILURES THAT BIND US TOGETHER AS A NATION. 0 0 4039024 109001 178386 AS THE NATION'S FIRST HISTORICAL SOCIETY, THE MHS STRIVES TO ENHANCE THE UNDERSTANDING OF OUR NATION'S PAST AND ITS CONNECTION TO THE PRESENT, DEMONSTRATING THAT HISTORY IS NOT JUST A SERIES OF EVENTS THAT HAPPENED TO INDIVIDUALS LONG AGO BUT IS INTEGRAL TO THE FABRIC OF OUR DAILY LIVES. ITS COLLECTIONS ARE ACCESSIBLE TO ANYONE WITH AN INTEREST IN AMERICAN HISTORY. BEYOND RESEARCH, THE MHS OFFERS MANY WAYS FOR THE PUBLIC TO ENJOY ITS COLLECTIONS INCLUDING ENGAGING PROGRAMS, THOUGHT-PROVOKING EXHIBITIONS, PUBLICATIONS, SEMINARS, AND TEACHER WORKSHOPS.PROGRAM HIGHLIGHTS AND DESCRIPTIONS:COLLECTIONS - THE SOCIETY'S EXTRAORDINARY COLLECTIONS TELL THE STORY OF AMERICA THROUGH MILLIONS OF RARE AND UNIQUE DOCUMENTS, ARTIFACTS, AND NATIONAL TREASURES, INCLUDING THE PERSONAL PAPERS OF THREE PRESIDENTS-JOHN ADAMS, JOHN QUINCY ADAMS, AND THOMAS JEFFERSON. THROUGH ITS RESEARCH LIBRARY, ONLINE RESOURCES, PUBLICATIONS, EXHIBITIONS, AND PROGRAMS, THE MHS MAKES ITS HOLDINGS ACCESSIBLE TO ANYONE WITH AN INTEREST IN THE PEOPLE AND EVENTS THAT SHAPED OUR COUNTRY. PAUL REVERE'S HANDWRITTEN ACCOUNT OF HIS FAMOUS RIDE, THOMAS JEFFERSON'S AND JOHN ADAMS'S MANUSCRIPT COPIES OF THE DECLARATION OF INDEPENDENCE, AND ELBRIDGE GERRY'S ANNOTATED COPY OF THE CONSTITUTION-THESE ARE AMONG THE MANY ICONIC AMERICAN DOCUMENTS OF THE MHS. SPANNING FOUR CENTURIES, THE SOCIETY'S COLLECTIONS-THE LETTERS, DIARIES, AND OTHER PERSONAL PAPERS OF INDIVIDUALS AND FAMILIES, AS WELL AS THEIR BOOKS, PHOTOGRAPHS, MAPS, NEWSPAPERS, ARTIFACTS, AND WORKS OF ART-HAVE BECOME ESSENTIAL PRIMARY SOURCES FOR THE STUDY AND UNDERSTANDING OF AMERICAN HISTORY. THE LIBRARY IS FREE AND OPEN TO RESEARCHERS OF ALL AGES AND LEVELS OF INTEREST IN OUR COLLECTIONS SIX DAYS A WEEK. THE LIBRARY DOES NOT LEND MATERIALS, BUT ANY PERSON INTERESTED IN USING THE COLLECTIONS CAN REGISTER AS A RESEARCHER AND USE MATERIALS IN THE LIBRARY. IN MANY CASES SELECTED MATERIALS CAN BE REPRODUCED AND SENT TO INDIVIDUALS WHO CANNOT VISIT THE LIBRARY IN PERSON.EXHIBITIONS - THE SOCIETY'S EXHIBITIONS CELEBRATE THE PERSPECTIVE AMERICAN HISTORY BRINGS TO OUR OWN TIME AND ILLUSTRATE HOW IT SUSTAINS OUR REPUBLIC AND GUIDES OUR FUTURE. AS ONE OF THE REGION'S MAJOR VENUE FOR HISTORY PRESENTATIONS, THE MHS PRODUCES EXHIBITIONS THAT ARE THEMATIC, TELL STORIES, AND EXPLORE TURNING POINTS IN THE PAST. THE HIGHLIGHT OF THE YEAR WAS THE PRIVATE JEFFERSON: FROM THE COLLECTIONS OF THE MASSACHUSETTS HISTORICAL SOCIETY. VISITORS ENJOYED AN UNPARALLELED OPPORTUNITY TO EXPLORE A SELECTION OF JEFFERSON'S ARCHITECTURAL DRAWINGS, WRITINGS AND CORRESPONDENCE, AND RECORD BOOKS. THE GALLERIES ALSO FEATURED NEW TECHNOLOGY COMPONENTS IN THE FORM OF INTERACTIVE DISPLAYS THAT OFFERED MULTIMEDIA CONTENT, INCLUDING EXPERT COMMENTARY AND DIGITAL FACSIMILES THAT ENABLED CLOSE INVESTIGATION OF MANY OF THE DOCUMENTS ON DISPLAY. THE MHS OFFERED THREE OTHER EXHIBITIONS THAT EXPLORED VALUABLE ASPECTS OF ITS COLLECTIONS. TURNING POINTS IN AMERICAN HISTORY EXAMINED FIFTEEN DECISIVE MOMENTS IN AMERICAN HISTORY AS DESCRIBED IN EYEWITNESS ACCOUNTS AND PERSONAL RECORDS OR AS COMMEMORATED BY "DUMB WITNESSES"-ARTIFACTS FOUND IN THE SOCIETY'S ENORMOUS COLLECTIONS. TERRA FIRMA: THE BEGINNINGS OF THE MHS MAP COLLECTION SHOWCASED THE SOCIETY'S EARLIEST COLLECTING EFFORTS IN CARTOGRAPHY, WHICH BEGAN IN 1791. ALWAYS YOUR FRIEND": LETTERS FROM THEODORE ROOSEVELT TO HENRY CABOT LODGE, 1884-1918 EXAMINED THE PERSONAL FRIENDSHIP OF THESE TWO PROMINENT STATESMEN, VICISSITUDES AND ALL.EDUCATION AND PUBLIC PROGRAMS - CONTINUING TO DEVELOP A VIBRANT SELECTION OF PUBLIC AND EDUCATION PROGRAMS ENABLES THE MHS TO ENHANCE THE UNDERSTANDING OF OUR NATION'S PAST AND ITS CONNECTION TO THE PRESENT, DEMONSTRATING THAT HISTORY IS NOT JUST A SERIES OF EVENTS THAT HAPPENED TO INDIVIDUALS LONG AGO BUT IS INTEGRAL TO THE FABRIC OF OUR DAILY LIVES. WHERE OPINIONS VARY, THE MHS PROVIDES A FORUM FOR DEBATE. PROGRAMMING DESIGNED FOR A GENERAL AUDIENCE ATTRACTED MORE THAN 2,200 ATTENDEES AT 47 PROGRAMS OVER THE COURSE OF THE YEAR. THE SOCIETY OFFERED SCHOLARS AND OTHERS WHO JOINED US FOR ACADEMIC PRESENTATIONS A TOTAL OF 70 PROGRAMS-29 SEMINARS IN 5 SERIES, 40 BROWN-BAG LUNCHES, AND A RECEPTION AT THE START OF THE ACADEMIC YEAR TO INTRODUCE THE SOCIETY TO GRADUATE STUDENTS. THE MHS ALSO OFFERS AN ENGAGING ARRAY OF PROGRAMS AND RESOURCES TO K-12 TEACHERS AND STUDENTS, INCLUDING WORKSHOPS, FELLOWSHIP OPPORTUNITIES, CURRICULUM RESOURCES, TWENTY-ONE SUCH TEACHER PROGRAMS AND WORKSHOPS TOOK PLACE THIS PAST YEAR. COMMITTED TO USING ITS UNIQUE RESOURCES TO IMPROVE AND SUPPORT THE TEACHING OF AMERICAN HISTORY IN ALL K-12 CLASSROOMS, THE MHS WILL LAUNCH THE CENTER FOR THE TEACHING OF HISTORY AT THE MASSACHUSETTS HISTORICAL SOCIETY IN JANUARY 2017. THE CENTER WILL PROMOTE HISTORY AND CIVICS EDUCATION AND BE AMONG THE NATION'S PREMIER RESOURCE PROVIDERS FOR EDUCATORS. IT WILL SUPPORT INNOVATIVE AND BEST PRACTICES IN TEACHING HISTORY THROUGH PROGRAMS, WEB-BASED RESOURCES, FELLOWSHIPS, AND ITS SUPPORT OF NATIONAL HISTORY DAY.RESEARCH - THE SOCIETY STRIVES TO FOSTER A RESEARCH COMMUNITY THAT ACTIVELY PROMOTES THE STUDY OF THE HISTORY OF MASSACHUSETTS AND THE NATION. WE OFFER AN EXCEPTIONAL RANGE OF RESOURCES FOR MAKING AND SHARING HISTORICAL DISCOVERIES. VISITORS CAN ENJOY PUBLIC TALKS, TOURS, EXHIBITIONS, SCHOLARLY SEMINARS AND CONFERENCES, AND GAIN ACCESS TO OUR UNPARALLELED COLLECTIONS THROUGH OUR RESEARCH LIBRARY AND OUR WEBSITE. THE MHS OFFERS MORE THAN 30 RESEARCH FELLOWSHIPS IN FOUR ANNUAL COMPETITIONS, AND PROVIDES SUPPORT AND ASSISTANCE TO MORE THAN 600 SCHOLARS EVERY YEAR. THE MHS WELCOMES A WIDE VARIETY OF RESEARCHERS-REPRESENTING 35 COUNTRIES AND ALL 50 STATES-FROM HIGH SCHOOL STUDENTS, TO FAMILY HISTORIANS, TO PROFESSORS AND PULITZER PRIZE-WINNING AUTHORS. THESE RESEARCHERS NETWORK, SHARE THEIR FINDINGS, AND EXCHANGE IDEAS.PUBLICATIONS AND DOCUMENTARY EDITING INCLUDING THE ADAMS PAPERS - THE MHS BEGAN PUBLISHING BOOKS IN 1792 AND IS ONE OF THE OLDEST, CONTINUALLY OPERATING PUBLISHERS IN THE UNITED STATES, AND MAKES AVAILABLE PRINTED BOOKS, ELECTRONIC PUBLICATIONS, A NEWSLETTER, AND SCHOLARLY JOURNAL. THE MHS PUBLISHES WORKS THAT PROVIDE INFORMATION ABOUT AND MAKE AVAILABLE THE CONTENT OF SOME OF ITS MOST SIGNIFICANT COLLECTIONS AND THE PEOPLE WHO CREATED THEM. AS PART OF ITS MISSION, THE MHS MAINTAINS ITS OWN PUBLISHING PROGRAM AND HOSTS THE OFFICES OF THE ADAMS PAPERS EDITORIAL PROJECT. FOUNDED IN 1954, THE ADAMS PAPERS PROJECT PREPARES A COMPREHENSIVE PUBLISHED EDITION OF THE MANUSCRIPTS WRITTEN AND RECEIVED BY THE FAMILY OF JOHN ADAMS OF QUINCY, MASSACHUSETTS. THE ADAMS FAMILY PAPERS MANUSCRIPT COLLECTION AT THE MASSACHUSETTS HISTORICAL SOCIETY FORMS THE NUCLEUS OF THE PROJECT. IN ADDITION, THE EDITORS HAVE GATHERED OVER 27,000 COPIES OF ADAMS ITEMS FROM HUNDREDS OF LIBRARIES, INSTITUTIONS, AND INDIVIDUALS IN THE UNITED STATES AND ABROAD. THE EDITORS DO NOT ALTER THE ADAMSES' WORDS; RATHER, THEY CONTINUE THE SEARCH FOR ADAMS DOCUMENTS, SELECT THE MATERIAL TO BE INCLUDED IN THE EDITION, PROVIDE A FAITHFUL TRANSCRIPTION OF THE MANUSCRIPTS, AND SUPPLY ANNOTATION. TO DATE, OVER 50 VOLUMES HAVE BEEN PUBLISHED BY HARVARD UNIVERSITY PRESS AND ARE NOW AVAILABLE ONLINE AS PART OF THE ADAMS PAPERS DIGITAL EDITION. THE PROJECT'S CUT-OFF DATE IS 1889, THE YEAR ABIGAIL BROOKS ADAMS DIED. 4039024 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 139 0 1 58 1 0 0 0 0 0 0 0 0 X 22 21 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THE ORGANIZATION 6175361608 1154 BOYLSTON STREET BOSTON MA 022153695 AMALIE M KASS TRUSTEE 3.00 X 0 0 0 JOSEPH PETER SPANG TRUSTEE 3.00 X 0 0 0 G MARSHALL MORIARTY TRUSTEE 3.00 X 0 0 0 LISA NURME TRUSTEE 3.00 X 0 0 0 CLAIRE NELSON TRUSTEE 3.00 X 0 0 0 LEVIN H CAMPBELL JR TRUSTEE 3.00 X 0 0 0 WILLIAM C CLENDANIEL TRUSTEE 3.00 X 0 0 0 NEWCOMB STILLWELL TRUSTEE 3.00 X 0 0 0 ANTHONY H LENESS TRUSTEE 3.00 X 0 0 0 EDWARD L WIDMER TRUSTEE 3.00 X 0 0 0 WILLIAM N THORNDIKE TRUSTEE 3.00 X 0 0 0 FREDERICK PFANNENSTIEHL TRUSTEE & VICE CHAIR 3.00 X X 0 0 0 CHARLES C AMES CHAIR 3.00 X X 0 0 0 JUDITH WITTENBERG SECRETARY 3.00 X X 0 0 0 BENJAMIN ADAMS CHAIR OF COUNCIL OF OVERSEERS 3.00 X X 0 0 0 FREDERICK D BALLOU TRUSTEE 3.00 X 0 0 0 PROF JOYCE CHAPLIN TRUSTEE 3.00 X 0 0 0 HERBERT P DANE TRUSTEE 3.00 X 0 0 0 BYRON RUSHING TRUSTEE 3.00 X 0 0 0 PAUL W SANDMAN TREASURER 3.00 X X 0 0 0 OLIVER F AMES TRUSTEE 3.00 X 0 0 0 DENNIS A FIORI PRESIDENT 35.00 X 263037 0 29402 PETER HOOD DIRECTOR OF ADMIN & FINANCE 35.00 X 150131 0 8983 BRENDA M LAWSON DIRECTOR OF COLLECTION SERVICES 35.00 X 122543 0 18869 CONRAD WRIGHT DIRECTOR OF RESEARCH 35.00 X 115043 0 18244 PETER DRUMMEY LIBRARIAN 35.00 X 123091 0 8872 773845 0 84370 5 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION 560 HARRISON AVE BOSTON MA 02118 ARCHITECTS & PLANNERS 629027 BAY STATE ALARM SECURITY INC 462 PLEASANT STREET MARLBORO MA 01752 SECURITY CONSULTANT 109268 2 134050 179961 1157295 1280275 2751581 SUBSCRIPTIONS & EVENTS 519100 96629 96629 PHOTO RENTAL / REPRODU 519100 46548 46548 SALE OF PUBLICATIONS 511120 6328 6328 149505 -42624 -42624 41732 41732 0 179961 72362 -72362 -72362 SALE OF COLLECTIONS 900099 17500 17500 OTHER REVENUE 900099 11363 11363 28863 2856695 178368 0 -73254 109001 109001 897355 601228 224339 71788 2189709 1458099 531397 200213 105606 70756 26402 8448 309868 207612 77467 24789 211303 141573 52826 16904 5532 5532 40000 40000 26300 2720 23580 84129 84129 115458 58043 33924 23491 405421 233401 169699 2321 6162 6162 53140 53140 406601 345611 40660 20330 PROGRAM EXPENSE 303142 303142 EXHIBITS 162397 162397 CULTIVATION & MEETINGS 136897 108939 27958 PRINTING 107337 89779 17558 276097 249500 26106 491 5951455 4039024 1498140 414291 269184 293067 1885989 1855257 988513 1187299 1465 26652 109241 117514 17596898 6012986 11006129 11583912 75936781 69284487 464251 423414 90661553 84771602 363919 475565 486128 474065 795506 1426964 271495 265343 1917048 2641937 X 36115980 33553661 36496882 32390761 16131643 16185243 88744505 82129665 90661553 84771602 -3094760 -3520080 0 X 0 1 X 1 0 X 2361492 2445986 2547320 2335487 2571620 12261905 2361492 2445986 2547320 2335487 2571620 12261905 130481 12131424 1021229 938882 1066032 501935 142285 3670363 37222 1246841 11689 16552 11363 1323667 17255935 930009 0.70300 0.64660 X PART VI N/A RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 75936781 128329 -2645956 3293867 840800 69284487 76295401 484236 2925719 3154045 614530 75936781 67677383 384525 11899085 3248242 417350 76295401 61134394 1695432 8173090 2940053 385480 67677383 66797009 80683 -1954079 3414569 374650 61134394 0.32000 0.23000 0.45000 0 0 200000 200000 16522923 5400150 11122773 873975 612836 261139 11583912 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 265343 265343 X -661066 -3520080 72362 -3447718 2786652 70043 70043 2856695 5953774 72362 72362 5881412 70043 70043 5951455 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE SOCIETY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASE OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR AS ASSETS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED IN THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE SOCIETY'S COLLECTIONS ARE MADE UP OF MANUSCRIPTS, RARE BOOKS, PAMPHLETS, REFERENCE WORKS, ART OBJECTS AND OTHER ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, HISTORIC, AND CURATORIAL PURPOSES. EACH OF THESE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUALLY. PART X, LINE 2: THE SOCIETY EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES. AS OF JUNE 30, 2016, THE SOCIETY DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 72,362. PART XI, LINE 4B - OTHER ADJUSTMENTS: PURCHASE OF COLLECTIONS 70,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 72,362. PART XII, LINE 4B - OTHER ADJUSTMENTS: PURCHASE OF COLLECTIONS 70,043. ANNUAL FUNDRAISER 179961 179961 16779 46000 9583 NONE 179961 179961 16779 46000 9583 72362 -72362 PART IV N/A 1 FELLOWSHIPS 27 109001 PART I, LINE 2: THE ORGANIZATION PROVIDES FELLOWSHIPS FOR RESEARCHERS TO USE ITS LIBRARY. IN ADDITION, PRIOR TO DISBURSING THE FINAL FELLOWSHIP PAYMENT THE SOCIETY RECEIVES A COPY OF THE FELLOWS RESEARCH WORK PRODUCT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DENNIS A FIORI PRESIDENT 263037 0 0 0 0 0 12757 0 16645 0 292439 0 0 0 PETER HOOD DIRECTOR OF ADMIN & FINANCE 150131 0 0 0 0 0 7153 0 1830 0 159114 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES A SOCIAL CLUB MEMBERSHIP FOR ITS PRESIDENT. THE AMOUNT IS PAID PURSUANT TO THE TERMS OUTLINED IN HIS ORIGINAL OFFER OF EMPLOYMENT. X 8 160229 AVG NAV (HI+LO) X SEE PART II 127 0 0 0 0 PART I, COLUMN (B): INCLUDES BOOKS, ARTIFACTS, MANUSCRIPTS, FAMILY RECORDS, LETTERS, CORRESPONDENCE, CORPORATE DOCUMENTS, MAPS AND BROADSIDES. THE SOCIETY'S POLICY AS DESCRIBED IN SCHEDULE D, IS NOT TO RECORD THE VALUE OF DONATED COLLECTION ITEMS AS ASSETS. FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWING LIST IS A SUMMARY OF THE SUBSTANTIVE CHANGES TO THE SOCIETY'S BY-LAWS : 1. SECTION 1 OF ARTICLE II PROVIDES THAT ELECTION AS AN OVERSEER WILL CONSTITUTE ELECTION AS A FELLOW. 2. SECTION 4 OF ARTICLE II REDUCES THE THRESHOLD FOR ELECTION AS A FELLOW FROM THREE-QUARTERS TO TWO-THIRDS OF THE FELLOWS PRESENT AND VOTING AT A MEETING OF THE SOCIETY. 3. UNDER SECTION 8 OF ARTICLE II, FELLOWS MAY BE REMOVED BY A VOTE OF TWO-THIRDS OF THE TRUSTEES THEN IN OFFICE AND PRESENT AT A REGULAR OR SPECIAL MEETING THE TRUSTEES. 4. SECTION 3 OF ARTICLE III ESTABLISHES A TERM LIMIT FOR TRUSTEES OF TWO CONSECUTIVE TERMS, OR EIGHT CONSECUTIVE YEARS, WHICHEVER IS GREATER, PROVIDED THAT (A) ANY TRUSTEE WHO WOULD OTHERWISE BE PREVENTED FROM BEING RE-ELECTED AS A TRUSTEE MAY CONTINUE TO SERVE AS LONG AS HE OR SHE IS ALSO SERVING AS AN OFFICER, (B) ANY TRUSTEE WHO HAD BEEN SERVING AS AN OFFICER BUT WHO IS NOT NOMINATED TO CONTINUE AS AN OFFICER IN THE NEXT FISCAL YEAR MAY BE ELECTED TO SERVE FOR ONE ADDITIONAL FOUR-YEAR TERM (I.E., EVEN IF HIS OR HER TERM LIMIT HAD BEEN REACHED WHILE SERVING AS AN OFFICER), AND (C) AFTER ONE OR MORE YEARS OFF OF THE BOARD, ANY FORMER TRUSTEE OR OFFICER MAY BE NOMINATED AND ELECTED AS A TRUSTEE SUBJECT TO THE TERM LIMITS FOR NEW TRUSTEES. 5. UNDER SECTION 6 OF ARTICLE III, TRUSTEES MAY BE REMOVED BY A VOTE OF TWO-THIRDS OF THE TRUSTEES THEN IN OFFICE AND PRESENT AT A REGULAR OR SPECIAL MEETING THE TRUSTEES. 6. SECTION 1 OF ARTICLE IV PROVIDES THAT THE PRESIDENT AND THE CHAIR OF THE OVERSEERS WILL BE OFFICERS OF THE SOCIETY AND REQUIRES THAT THE CHAIR OF THE OVERSEERS BE A TRUSTEE. 7. SECTION 2 OF ARTICLE IV ALLOWS THE TRUSTEES, INSTEAD OF THE FELLOWS, TO ELECT THE OFFICERS. 8. UNDER SECTION 4 OF ARTICLE IV, OFFICERS MAY BE REMOVED BY A VOTE OF TWO-THIRDS OF THE TRUSTEES THEN IN OFFICE AND PRESENT AT A REGULAR OR SPECIAL MEETING THE TRUSTEES. 9. UNDER ARTICLE V, THE TRUSTEES ARE GIVEN BROAD AUTHORITY TO ESTABLISH, COMBINE, ELIMINATE, RENAME OR REORGANIZE THE STANDING COMMITTEES. THE BY-LAWS NO LONGER INCLUDE DESCRIPTIONS OF EACH STANDING COMMITTEE. 10. ARTICLE VI ADDS PROVISIONS DESCRIBING THE COUNCIL OF OVERSEERS AND ITS GOVERNANCE. ELECTION AS AN OVERSEER WILL REQUIRE A MAJORITY VOTE OF THE FELLOWS PRESENT AND VOTING AT A MEETING OF THE SOCIETY. OVERSEERS HAD PREVIOUSLY BEEN ELECTED BY THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY HAS ELECTED MEMBERS, KNOWN AS FELLOWS, AS WELL AS GENERAL MEMBERSHIP, WHICH DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY HAS ELECTED MEMBERS, KNOWN AS FELLOWS, WHO DO NOT HAVE VOTING RIGHTS. IN ADDITION, THE SOCIETY IS GOVERNED BY THE BOARD OF TRUSTEES WHO ARE NOMINATED AND ELECTED BY THE EXISTING GOVERNING BODY. THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR ALL GOVERNANCE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION PROVIDES A DRAFT OF FORM 990 TO ITS FINANCE COMMITTEE FOR THEIR REVIEW PRIOR TO FILING. ADDITIONALLY, A DRAFT COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL TRUSTEES FOR COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE SOCIETY DISTRIBUTES A QUESTIONNAIRE TO ALL TRUSTEES,OFFICERS AND KEY EMPLOYEES REQUIRING THEM TO DISCLOSE ANY CONFLICTS OF INTEREST. THE SOCIETY REQUIRES THAT ALL PERSONS TO WHOM THE QUESTIONNAIRE IS DISTRIBUTED COMPLETE IT IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE CHAIR OF THE BOARD OF TRUSTEES APPOINTS A COMPENSATION COMMITTEE MADE UP OF TRUSTEES TO REVIEW THE PERFORMANCE OF THE PRESIDENT/CEO AND COMPARABLE COMPENSATION DATA AND TO MAKE A RECOMMENDATION TO THE BOARD, WHICH THEN MAKES THE FINAL DECISION. THE DELIBERATIONS AND DECISION OF BOTH THE COMMITTEE AND THE BOARD ARE CONTEMPORANEOUSLY RECORDED IN THE MINUTES. EACH YEAR THE PRESIDENT, AS CEO, REVIEWS THE PERFORMANCE OF THE KEY EMPLOYEES AND COMPARABLE COMPENSATION DATA AND REPORTS HIS DECISIONS TO THE BOARD OF TRUSTEES, WHICH ARE INCORPORATED INTO THE ANNUAL BUDGET OF THE ORGANIZATION WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE DELIBERATIONS AND DECISIONS OF THE PRESIDENT ARE CONTEMPORANEOUSLY RECORDED AS IS THE APPROVAL OF THE BUDGET BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY'S ANNUAL AUDITED FINANCIAL STATEMENTS, FORM 990 AND MASSACHUSETTS FORM PC ARE AVAILABLE TO THE PUBLIC ON ITS WEBSITE AT MASSHIST.ORG. THESE DOCUMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE AT CHARITIES.AGO.MA.US. THE SOCIETY'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE SOCIETY'S WEBSITE. THE SOCIETY WILL MAKE PRINTED COPIES AVAILABLE UPON WRITTEN REQUEST. FOUNDING FATHERS PAPERS INC C/O PRINCETON UNIVERISITY 701 CARNE PRINCETON NJ 08540 222365602 CARRY OUT PURPOSES OF FOUNDING FATHERS EDITORIAL PROJECTS NJ 501(C)(3) PF 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FOUNDING FATHERS PAPERS INC C 238000 PART VII N/A