2017-11-01T13:45:06-05:00 2016-12-31 042993500 JON R MORSE CPA PC 38 PLEASANT STREET GLOUCESTER MA 019305943 990 2016-01-01 042143545 CAPE ANN MUSEUM INC CAPE 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 ARTHUR RYAN TREASURER 9782830455 2017-10-19 1 JON R MORSE P00438625 9782832224 2017-10-19 73.16.31.67 2017-10-19 10:31:52 ED P 90E524A9878574FEF89F6F7AB994D3BEDD572954 8906E1D66875F68D60B408121835442C1685CE89 2016 2021-01-29 14:40:06Z CAPE ANN MUSEUM ARTHUR RYAN 27 PLEASANT STREET GLOUCESTER MA 01930 3249466 0 X WWW.CAPEANNHISTORICALMUSEUM.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 24 18 130 0 0 873332 1270631 74292 83660 861202 513068 81563 60750 1890389 1928109 0 5000 0 0 691983 738781 0 0 136855 1117251 1072265 1809234 1816046 81155 112063 16878517 17505466 336057 289980 16542460 17215486 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 1323612 5000 124968 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. 1323612 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 0 0 1 0 0 0 0 0 0 0 1 24 0 18 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 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 DAVID PORPER CLERK 5.00 X X 0 0 0 KERMIT BIRCHFIELD BOARD OF DIRECTORS 1.00 X 0 0 0 HERBERT COLLINS BOARD OF DIRECTORS 1.00 X 0 0 0 KRISTIN ZARELLA 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 NEAL 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 MOORE 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 NINA GOODICK BOARD OF DIRECTORS 1.00 X 0 0 0 JOHN RANDO BOARD OF DIRECTORS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 317586 63260 889785 11081 1270631 ADMISSIONS 900099 51614 51614 ART EXHIBITS & PROGRAMS 900099 32046 32046 83660 309881 309881 1414473 1211286 203187 203187 203187 72103 63260 52941 19162 19162 98438 57130 41308 41308 INSURANCE SETTLEMENT-STORM 900099 280 280 280 1928109 124968 0 532510 5000 5000 85128 21282 42564 21282 578954 391500 106076 81378 19486 7686 5044 6756 55213 34319 12358 8536 63744 63744 31840 31840 68274 46057 22217 10756 10756 59050 40051 8857 10142 3171 2854 317 190228 171205 17121 1902 5461 5461 303044 272740 27274 3030 32179 25336 4290 2553 EXHIBITS & PROGRAMS 110867 110867 REPAIRS AND MAINTENANCE 101733 91561 10172 MEMBER SERVICES 42920 42920 COLLECTION MANAGEMENT 16909 16909 32089 27108 4022 959 1816046 1323612 355579 136855 22783 22982 117531 361845 188878 95259 59800 60364 23389 20489 9833411 3434841 6664792 6398570 9747933 10497095 53410 48861 1 1 16878517 17505466 101818 93825 220000 175000 14239 21155 336057 289980 X 13470631 13819103 963426 1146694 2108403 2249689 16542460 17215486 16878517 17505466 112063 560963 0 X X 0 1 X 1 0 X 2310929 2080254 1735099 873332 1270631 8270245 197268 144604 215203 245706 254201 1056982 2508197 2224858 1950302 1119038 1524832 9327227 1190558 881755 388615 200136 354491 3015555 0 1190558 881755 388615 200136 354491 3015555 6311672 277450 290814 317437 303221 309881 1498803 277450 290814 317437 303221 309881 1498803 2785647 2515672 2267739 1422259 1834713 10826030 0.58300 0.53870 0.13840 0.14410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4108403 214603 73317 4249689 4216981 -35709 72869 4108403 4205111 89413 77543 4216981 4030048 246213 71150 4205111 3923573 176175 69700 4030048 0.47000 0.53000 0 0 331038 331038 9057661 3267243 5790418 126073 53260 72813 318639 114338 204301 6398570 FIXED INCOME INVESTMENTS 3589915 F MONEY MARKETS 151682 F STOCKS & MUTUAL FUNDS 6755498 F 10497095 DEFERRED REVENUE 19730 SALES TAXES PAYABLE 1425 21155 X 2599143 560963 110071 671034 1928109 0 1928109 1926117 110071 110071 1816046 0 1816046 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: PERMENANTLY 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 2012,2013,2014 AND 2015 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 71611 36125 35486 21813 800 3410 WOMEN'S LUNCHEON 63752 27135 36617 6354 13190 375 6999 135363 63260 72103 6354 35003 1175 10409 52941 19162 1 X 0 0 0 0 0 0 0 0 0 X 22 X 2 11081 MARKET VALUE X 18 3 0 0 1 PART I, COLUMN (B): CONTRIBUTION TOTALS ARE NUMBER OF CONTRIBUTIONS, NOT ITEMS CONTRIBUTED 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 ASOCIATION 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.