OLD STURBRIDGE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- OLD STURBRIDGE INC (EIN 04-2104809)
- Tax period
- 2016-02-01 to 2017-01-31
- Filed
- 2017-07-21
- IRS object ID
- 201732029349300218
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-07-21T09:50:37-05:00 | ReturnTs |
| Tax Period End | 2017-01-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-02-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104809 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLD STURBRIDGE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OLDS | BusinessNameControlTxt |
| Phone | 5083473362 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLD STURBRIDGE VILLAGE ROAD | AddressLine1Txt |
| City | STURBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01566 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES DONAHUE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 5084373362 | PhoneNum |
| Signature | 2017-06-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN BUCKLEY CPA | PreparerPersonNm |
| PTIN | P00830631 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2017-06-15 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.197.103.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-06-20 | IPDt |
| IP Tm | 10:14:23 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BC5926B0E490F04D1ABA71567B078B8614800D21 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | E389E89C54D8B2D0E67DFD5473BAB8CDEAF766EE | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLD STURBRIDGE VILLAGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES DONAHUE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLD STURBRIDGE VILLAGE ROAD | AddressLine1Txt |
| City | STURBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01566 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,341,743 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.OSV.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | OLD STURBRIDGE VILLAGE, A MUSEUM AND LEARNING RESOURCE OF NEW ENGLAND LIFE, INVITES EACH VISITOR TO FIND MEANING, PLEASURE, RELEVANCE AND INSPIRATION THROUGH THE EXPLORATION OF HISTORY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 256 | TotalEmployeeCnt |
| Total Volunteers | 250 | TotalVolunteersCnt |
| Total Gross UBI | $2,568,774 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$488,757 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,717,880 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,662,320 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,084,405 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,761,267 | CYProgramServiceRevenueAmt |
| PY Investment Income | $891,761 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,306,790 | CYInvestmentIncomeAmt |
| PY Other Revenue | $236,159 | PYOtherRevenueAmt |
| CY Other Revenue | $209,694 | CYOtherRevenueAmt |
| PY Total Revenue | $10,930,205 | PYTotalRevenueAmt |
| CY Total Revenue | $11,940,071 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,349,211 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,788,440 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,140,799 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,218,481 | PYOtherExpensesAmt |
| CY Other Expenses | $5,529,138 | CYOtherExpensesAmt |
| PY Total Expenses | $10,567,692 | PYTotalExpensesAmt |
| CY Total Expenses | $11,317,578 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $362,513 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $622,493 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,280,102 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,169,698 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,297,029 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,614,564 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,983,073 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,555,134 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OLD STURBRIDGE VILLAGE, A MUSEUM AND LEARNING RESOURCE OF NEW ENGLAND LIFE, INVITES EACH VISITOR TO FIND MEANING, PLEASURE, RELEVANCE AND INSPIRATION THROUGH THE EXPLORATION OF HISTORY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,769,845 | ExpenseAmt |
| Revenue | $2,997,540 | RevenueAmt |
| Desc | EDUCATION & PUBLIC PROGRAMMING: PROVIDED PROGRAMS AND ACTIVITIES FOR LEARNING ABOUT AMERICA'S HISTORY WITH A FOCUS ON EARLY NEW ENGLAND DURING 1790-1840. INTERPRETERS PORTRAYED THE DAILY LIFE, WORK AND CELEBRATIONS OF AN EARLY NEW ENGLAND COMMUNITY TO APPROXIMATELY 255,000 VISITORS, INCLUDING 65,000 SCHOOL CHILDREN. OVER 11,000 ADDITIONAL VISITORS PARTICIPATED IN VARIOUS SPECIAL PROGRAMS AND EDUCATIONAL ACTIVITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,135,405 | ExpenseAmt |
| Desc | RESEARCH, CURATORIAL AND LIBRARY: RESEARCH INTO THE MATERIAL AND WRITTEN SOURCES OF REGIONAL HISTORY AND EFFORTS TO COLLECT AND PRESERVE THE BUILDING, OBJECTS, HAND PROCESSES AND CULTURAL PATTERNS OF EARLY NEW ENGLANDERS. HISTORICAL COLLECTIONS INCLUDE OVER 50,000 ARTIFACTS AND 40,000 BOOKS AND MANUSCRIPTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,730,193 | ExpenseAmt |
| Revenue | $773,573 | RevenueAmt |
| Desc | FOOD SERVICE: PROVIDES CATERING FOR ON-CAMPUS EVENTS AND CONVENIENT ON-SITE FOOD SERVICE TO VISITORS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $148,351 | $421,380 | MERCHANDISING: THE ON CAMPUS GIFT STORE PROVIDES VISITORS WITH THE OPPORTUNITY TO PURCHASE SOUVENIRS, AUTHENTIC VILLAGE MADE PIECES AND OSV APPAREL. |
| $823,701 | LODGING: THE ON CAMPUS LODGING SITE PROVIDES VISITORS WITH OPPORTUNITY TO STAY AT OSV FOR AN EXTENDED PERIOD OF TIME. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $972,052 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $421,380 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $8,607,495 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 51 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 256 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES DONAHUE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5083473362 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLD STURBRIDGE VILLAGE ROAD | AddressLine1Txt |
| City | STURBRIDGE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01566 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| NORMAN L ABRAM | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GEORGE F BOOTH | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD BEATTY | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN B COLLINS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN J ARGITIS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NANCY DEMPZE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LYNN ECKHERT | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL D BROCKELMAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LISA MARKHAM | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CYNTHIA B MICHENER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BICHOP NAWROT | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JANE C NYLANDER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET H PIERCE | ||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROBERT W REEDER III | ||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ROBERT E ROEMER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CAROL J RUGANI | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS S CURREN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL F SCULLY | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY J UPTON | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN VINCENT | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BROCK JOBE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOAN MCGRATH | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES DONAHUE | ||||||
| PRESIDENT | 40.00 | $244,967 | $0 | $8,833 | Yes (X) | |
| RENEE CHAMBERS | ||||||
| CHIEF OF STAFF/CLERK | 40.00 | $71,993 | $0 | $346 | Yes (X) | |
| TINA KRASNECKY | ||||||
| VP OF FINANCE | 40.00 | $116,114 | $0 | $2,998 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $433,074 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $12,177 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BRIAN CLOWDUS PRODUCTIONS LLC | |||||
| 1579 MONROE DRIVE NE STE 410 | ATLANTA | GA | 30324 | DIRECTOR OF INTERACTIVE PERFORMANCE | $169,907 |
| GEORGE L KING | |||||
| 255 MENDON ROAD | SUTTON | MA | 01590 | HORSE HANDLER | $130,549 |
| DARIN JOHNSON | |||||
| 8368 STATE ROUTE 22 | COPAKE FALLS | NY | 12517 | CONSULTANT | $123,450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $543,852 | MembershipDuesAmt |
| Fundraising | $108,087 | FundraisingAmt |
| All Other Contributions | $3,010,381 | AllOtherContributionsAmt |
| Noncash Contributions | $240,528 | NoncashContributionsAmt |
| Total Contributions | $3,662,320 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| FOOD SERVICE | 900099 | $2,518,798 | $773,573 | $1,745,225 |
| ADMISSIONS | 900099 | $1,993,051 | $1,993,051 | |
| EDUCATIONAL PROGRAMS/SPECIAL EVEN | 900099 | $1,004,489 | $1,004,489 | |
| LODGING | 900099 | $823,549 | $823,549 | |
| MERCHANDISE COMMISSION | 900099 | $421,380 | $421,380 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,761,267 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $194,269 | TotalRevenueColumnAmt |
| Exclusion | $194,269 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,412 | TotalRevenueColumnAmt |
| Exclusion | $4,412 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $169,002 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $169,002 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $169,002 | TotalRevenueColumnAmt |
| Exclusion | $169,002 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,283,602 | SecuritiesAmt |
| Other | $1,150,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,315,537 | SecuritiesAmt |
| Other | $5,544 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$31,935 | SecuritiesAmt |
| Other | $1,144,456 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,112,521 | TotalRevenueColumnAmt |
| Exclusion | $1,112,521 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $81,500 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $108,087 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $80,591 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $909 | TotalRevenueColumnAmt |
| Exclusion | $909 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRUST MANAGEMENT FEES | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $35,371 | TotalRevenueColumnAmt |
| Exclusion | $35,371 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,371 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,940,071 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,192,493 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,568,774 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,516,484 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,196 | TotalAmt |
| Management And General | $456,196 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,300,213 | TotalAmt |
| Program Services | $3,720,047 | ProgramServicesAmt |
| Management And General | $177,154 | ManagementAndGeneralAmt |
| Fundraising | $403,012 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $669,751 | TotalAmt |
| Program Services | $517,272 | ProgramServicesAmt |
| Management And General | $92,947 | ManagementAndGeneralAmt |
| Fundraising | $59,532 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,280 | TotalAmt |
| Program Services | $284,584 | ProgramServicesAmt |
| Management And General | $46,866 | ManagementAndGeneralAmt |
| Fundraising | $30,830 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,527 | TotalAmt |
| Management And General | $59,527 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,190 | TotalAmt |
| Management And General | $37,190 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,669 | TotalAmt |
| Management And General | $68,669 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $269,952 | TotalAmt |
| Program Services | $77,552 | ProgramServicesAmt |
| Management And General | $39,596 | ManagementAndGeneralAmt |
| Fundraising | $152,804 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,716 | TotalAmt |
| Program Services | $67,334 | ProgramServicesAmt |
| Fundraising | $226,382 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,251 | TotalAmt |
| Program Services | $414,274 | ProgramServicesAmt |
| Management And General | $247,759 | ManagementAndGeneralAmt |
| Fundraising | $19,218 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,950 | TotalAmt |
| Fundraising | $3,950 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $789,354 | TotalAmt |
| Program Services | $713,862 | ProgramServicesAmt |
| Management And General | $53,122 | ManagementAndGeneralAmt |
| Fundraising | $22,370 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,008 | TotalAmt |
| Program Services | $7,370 | ProgramServicesAmt |
| Management And General | $8,392 | ManagementAndGeneralAmt |
| Fundraising | $12,246 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,830 | TotalAmt |
| Management And General | $230,830 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $619,046 | TotalAmt |
| Program Services | $609,456 | ProgramServicesAmt |
| Management And General | $4,083 | ManagementAndGeneralAmt |
| Fundraising | $5,507 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,846 | TotalAmt |
| Program Services | $216,462 | ProgramServicesAmt |
| Management And General | $9,692 | ManagementAndGeneralAmt |
| Fundraising | $9,692 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| SPECIAL EVENTS & PROGRA | $636,596 | $608,621 | $27,975 | |
| FOOD | $597,803 | $597,803 | ||
| MAINTENANCE | $466,888 | $437,950 | $14,469 | $14,469 |
| SECURITY EXPENSES | $323,463 | $294,951 | $14,256 | $14,256 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,049 | TotalAmt |
| Program Services | $39,957 | ProgramServicesAmt |
| Management And General | $8,536 | ManagementAndGeneralAmt |
| Fundraising | $138,556 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,317,578 | TotalAmt |
| Program Services | $8,607,495 | ProgramServicesAmt |
| Management And General | $1,569,284 | ManagementAndGeneralAmt |
| Fundraising | $1,140,799 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $650,955 | BOYAmt |
| EOY | $569,816 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,245 | BOYAmt |
| EOY | $114,085 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,365 | BOYAmt |
| EOY | $85,783 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,172 | BOYAmt |
| EOY | $57,974 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,280,576 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,791,717 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,967,045 | BOYAmt |
| EOY | $3,488,859 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,720,152 | BOYAmt |
| EOY | $7,846,180 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,807 | BOYAmt |
| EOY | $3,048 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,595,361 | BOYAmt |
| EOY | $3,003,953 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,280,102 | BOYAmt |
| EOY | $15,169,698 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $566,437 | BOYAmt |
| EOY | $649,444 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,691 | BOYAmt |
| EOY | $435,806 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,568,678 | BOYAmt |
| EOY | $4,723,914 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,759,223 | BOYAmt |
| EOY | $2,805,400 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,297,029 | BOYAmt |
| EOY | $8,614,564 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,789,657 | BOYAmt |
| EOY | -$1,839,102 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,108,858 | BOYAmt |
| EOY | $1,488,575 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,084,558 | BOYAmt |
| EOY | $6,905,661 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,983,073 | BOYAmt |
| EOY | $6,555,134 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,280,102 | BOYAmt |
| EOY | $15,169,698 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $622,493 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $585,745 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$4,704,464 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $68,287 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,155,279 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,072,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,683,165 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,717,880 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,662,320 | CurrentTaxYearAmt |
| Total | $16,290,877 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,155,279 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,072,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,683,165 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,717,880 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,662,320 | CurrentTaxYearAmt |
| Total | $16,290,877 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,007,093 | SubstantialContributorsTotAmt |
| Public Support Total170 | $15,283,784 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,322,224 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,525,807 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $731,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,119,378 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,481,113 | CurrentTaxYearAmt |
| Total | $6,180,217 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $22,471,094 | TotalSupportAmt |
| Public Support CY170 | 0.68020 | PublicSupportCY170Pct |
| Public Support PY170 | 0.70300 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,648,762 | BeginningYearBalanceAmt |
| Contributions | $752,816 | ContributionsAmt |
| Investment Earnings Or Losses | $733,308 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $330,000 | OtherExpendituresAmt |
| End Year Balance | $7,804,886 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,857,019 | BeginningYearBalanceAmt |
| Contributions | $18,697 | ContributionsAmt |
| Investment Earnings Or Losses | $103,046 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $330,000 | OtherExpendituresAmt |
| End Year Balance | $6,648,762 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,426,432 | BeginningYearBalanceAmt |
| Contributions | $66,648 | ContributionsAmt |
| Investment Earnings Or Losses | $554,328 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,190,389 | OtherExpendituresAmt |
| End Year Balance | $6,857,019 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,261,853 | BeginningYearBalanceAmt |
| Contributions | $5,881 | ContributionsAmt |
| Investment Earnings Or Losses | $1,486,474 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $282,559 | OtherExpendituresAmt |
| Administrative Expenses | $45,217 | AdministrativeExpensesAmt |
| End Year Balance | $7,426,432 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,074,861 | BeginningYearBalanceAmt |
| Contributions | $7,941 | ContributionsAmt |
| Investment Earnings Or Losses | $499,546 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $274,312 | OtherExpendituresAmt |
| Administrative Expenses | $46,183 | AdministrativeExpensesAmt |
| End Year Balance | $6,261,853 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.88500 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.11500 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $208,003 | OtherCostOrOtherBasisAmt |
| Book Value | $208,003 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,895,019 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,091,749 | DepreciationAmt |
| Book Value | $2,803,270 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,078,390 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,699,968 | DepreciationAmt |
| Book Value | $378,422 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $99,164 | OtherCostOrOtherBasisAmt |
| Book Value | $99,164 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,488,859 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ASSETS HELD IN TRUST | Desc |
| Book Value | $3,003,953 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,003,953 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITY PAYMENT LIABILITY | Desc |
| Amt | $2,805,400 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,805,400 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,606,025 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $585,745 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $68,287 | OtherRevenueAmt |
| Revenue Not Reported | $654,032 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,951,993 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $68,669 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$80,591 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$11,922 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $11,940,071 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,329,500 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $11,329,500 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $68,669 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$80,591 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$11,922 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $11,317,578 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | OSV DOES NOT CAPITALIZE ITS COLLECTIONS. MUSEUM COLLECTIONS INCLUDE ANTIQUE BUILDINGS, ARTWORK AND OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PERIODICALLY, OSV DETERMINES THAT SOME COLLECTIONS ARE NOT APPROPRIATE TO THE MUSEUM'S PURPOSE AND WILL SELL OR DE-ACCESS CERTAIN PIECES. THE DE-ACCESSION PROCEEDS ARE TO BE UTILIZED AS DETERMINED BY THE BOARD OF TRUSTEES FOR FUTURE COLLECTION ACQUISITIONS UNLESS THE ORIGINAL DONOR HAS SPECIFIED A RESTRICTION ON THE DE-ACCESSION PROCEEDS. |
| PART III, LINE 4: | THE COLLECTIONS OF OLD STURBRIDGE VILLAGE INCLUDE THE CULTURAL ARTIFACTS, RESEARCH LIBRARY, VISUAL RESOURCE LIBRARY (PHOTOGRAPHIC), ARCHIVES, ARCHAEOLOGICAL, HISTORIC STRUCTURES, AND LIVING (BOTH LIVESTOCK AND PLANT) COLLECTIONS. EACH OF THESE COLLECTIONS IS VITAL TO THE MUSEUM'S MISSION AND SUPPORTS ITS COMMITMENT TO PRESERVING, RESEARCHING AND INTERPRETING THE HISTORY AND LIFE OF RURAL NEW ENGLAND. |
| PART V, LINE 4: | THE ORGANIZATION'S ENDOWNMENT CONSISTS OF NUMEROUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. THE ORGANIZATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL 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 NET ASSETS IS CLASSIFIED AS TEMPORARILY 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 MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: -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 -THE INVESTMENT POLICIES OF THE ORGANIZATION THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED 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 OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE AN AVERAGE ANNUAL REAL TOTAL RETURN, NET OF INVESTMENT MANAGEMENT FEES, OF GREATER THAN 5% OVER A ROLLING THREE YEAR PERIOD. 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, DIVIDENDS, ETC.). THE ORGANIZATION HAS 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% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS THROUGH THE YEAR-END PROCEEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON 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 AMOUNTED TO $ 8,115 AS OF JANUARY 31, 2017. IN ACCORDANCE WITH THE BOARD'S INTERPRETATION OF RELEVANT STATE LAW, APPROPRIATION OF INVESTMENT RETURN ON THESE FUNDS HAS BEEN SUSPENDED UNTIL SUCH TIME AS THE DEFICIENCY HAS BEEN RESTORED AND THE FAIR VALUE OF THE FUND EXCEEDS THE LEVEL REQUIRED TO BE RETAINED PERMANENTLY. |
| PART X, LINE 2: | OSV ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. OSV HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JANUARY 31, 2017. OSV'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 68,287. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DIRECT SPECIAL EVENTS EXPENSE -80,591. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | DIRECT SPECIAL EVENTS EXPENSE -80,591. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $137,887 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $106,387 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $31,500 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $63,620 | OtherDirectExpensesEvent1Amt |
| Event2 | KEN BURNS HONORS COKIE ROBERTS | Event2Nm |
| Gross Receipts Event2 | $26,300 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $1,700 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $24,600 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $14,690 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $25,400 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $0 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $25,400 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,281 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $189,587 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $108,087 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $81,500 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $80,591 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $80,591 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $909 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES DONAHUE | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $244,967 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $8,833 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $253,800 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MICHAEL BROCKELMAN | |||
| BOARD MEMBER IS A PARTNER AT A LAW FIRM THAT PROVIDED SERVICES TO OSV. | $59,527 | FOLLOWED CONFLICT OF INTEREST POLICY. | 0 |
| PAUL SCULLY | |||
| BOARD MEMBER IS PRESIDENT AND CEO OF COUNTRY BANK WHERE OSV HAS DEBT. | $387,415 | FOLLOWED CONFLICT OF INTEREST POLICY. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Art Historical Treasures ArtHistoricalTreasuresGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 12 | ContributionCnt |
| Noncash Contributions Rpt F990 | $810 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 13 | ContributionCnt |
| Noncash Contributions Rpt F990 | $240,528 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | OSV HAS A BROKERAGE FIRM SELL THE PUBLICLY TRADED SECURITIES THEY RECEIVE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, ITEM C | DBA: OLD STURBRIDGE VILLAGE |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT WILL BE REVIEWED BY THE AUDIT COMMITTEE AND SHARED ELECTRONICALLY WITH THE BOARD BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTERESTS POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS ARE REGULARLY AND CONSISTANTLY MONITORING AND ENFORCING IT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION DETERMINES COMPENSATION OF ITS CEO, OFFICERS AND KEY EMPLOYEES 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 19 | THE ORGANIZATION WILL SEND DOCUMENTS ELECTRONICALLY IF REQUIESTED. PHOTOCOPIES WILL BE MADE UPON REQUEST FOR A SMALL FEE TO COVER COSTS. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 68,287. |
| FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE ASSUMES REPSONSIBILITY FOR THE OVERSIGHT AND REVIEW OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. |
| FORM 990, PART XI, LINE 8 | OSV ADOPTED A CHANGE IN ACCOUNTING PRINCIPLE DURING FISCAL YEAR 2017, WHICH REQUIRED A RESTATEMENT OF THE 2016 AUDITED FINANCIAL STATEMENTS. OSV ADOPTED ACCOUNTING PRINCIPLE UNDER OTHER PRESENTATION MATTERS-GENERAL (SUBTOPIC 360-45): DISCLOSURE OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS, WHICH ALLOWS AN ENTITY TO NOT CAPITALIZE ITS COLLECTIONS. WITH THE ADOPTION OF THIS PRINCIPLE, OSV DISCONTINUED THE PRACTICE OF CAPITALIZING AND RECOGNIZING THE COLLECTIONS IN THE FINANCIAL STATEMENTS. THE APPLICATION OF THE ACCOUNTING PRINCIPLE HAS BEEN APPLIED TO THE COMPARATIVE FINANCIAL STATEMENT RETROSPECTIVELY, RESULTING IN A REDUCTION OF ASSETS AND NET ASSETS OF $4,693,461 AS OF JANUARY 31, 2015. IN ADDITION, THE PURCHASE OF COLLECTIONS MADE IN FISCAL YEAR 2016 HAS BEEN REFLECTED AS AN EXPENSE, RESULTING IN A DECREASE IN THE CHANGE OF NET ASSETS OF $11,003. THE CHANGE IN ACCOUNTING PRINCIPLE IS PREFERABLE, BASED ON MANAGEMENT'S INTENT TO HOLD THE ASSETS FOR LONG TERM PURPOSES, THE ILLIQUID NATURE OF THE ASSETS AND INDUSTRY TRENDS FOR COMPARABLE ENTITIES WITH COLLECTIONS. |
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