2016-11-05T16:04:20-05:00 2015-12-31 810974967 Allan Smith and Company CPAs PC Two Cabot Place Suite 8 Stoughton MA 02072 990 2015-01-01 237102744 Herreshoff Marine Museum HERR One Burnside Street Bristol RI 02809 William Lynn President & Exe 4012535000 2016-09-17 true Allan Smith CPA P00825089 7742065553 2016-11-05 2015 2017-02-10 21:41:12Z Americas Cup Hall of Fame 1651860 false X www.herreshoff.org X 1971 RI Interpretation of the history and accomplishments of the Herreshoff Manufacturing Company and the Americas Cup. 24 21 36 100 -22606 0 796175 989139 289176 295777 14327 -9111 24964 41590 1124642 1317395 0 0 593553 657446 0 97826 540325 545467 1133878 1202913 -9236 114482 4485699 4920612 1571035 1844627 2914664 3075985 Interpretation of the history and accomplishments of the Herreshoff Manufacturing Company and the Americas Cup. false false 492699 716656 Museum Activities: The Herreshoff Marine Museum and Americas Cup Hall of Fame are dedicated to the inspiration and education of the public through the presentation of the history and innovative work of the Herreshoff Manufacturing Company and the Americas Cup competition. Visitors to the Museum have the opportunity to explore the worlds largest collection of any one naval architects life work. The genius of the Herreshoff brothers is unsurpassed in its combination of business acumen and engineering excellence. 211157 522063 Program Activities: Includes the seamanship program, lectures, the mentorship program in classic boat maintenance and educational partnerships. The mentorship program in classic boat maintenance provides a hands-on experience in helping to care for the museums active-use collection of watercraft. The seamanship programs primary goals are to teach sailing skills and water awareness, to instill a love of the marine environment and to create lifelong sailors. 20732 24707 Lecture Series and Education: These events include presentations on subjects relative to the excellence in classic yacht restoration, replication, or use; adaptation of classic designs to modern materials and the technical details of rigging, fitting, powering and rating rules. The events proceedings (the assemblage of papers and discussions provided during the symposium as well as noteworthy papers not presented) are distributed to hundreds of builders, designers, owners and enthusiasts who attend, as well as being offered for sale through the Herreshoff Marine Museum, the Society of Naval Architects and Marine Engineers and online internationally. The programming includes membership communications as well as general admission to the museum. 724588 true true false false false false false true false true true false false false true false false true false false false false false false true false false false false false false false false false false true true true false true false false false true false false false false true 30 0 true 36 true true true false false false false true true false false false false true false false false false X 24 21 true false false false true true true true true false false true true true true true true true true false RI X X Dana Clough Dir of FinanceOps 4012535000 One Burnside Street Bristol RI 02809 William Lynn President and Executive Direc 40.00 0.00 X X 114598 0 1094 Lawrence Lavers Director 3.00 0.00 X 0 0 0 David Ford Chairman 3.00 0.00 X X 0 0 0 Alfred Bisset Vice Chairman 2.00 0.00 X X 0 0 0 David Curtin Director 1.00 0.00 X 0 0 0 Janice Davison Director 1.00 0.00 X 0 0 0 Geoffrey Hopper Treasurer 3.00 0.00 X X 0 0 0 Marshall Lawson Director 1.00 0.00 X 0 0 0 Stephen Frary Director 1.00 0.00 X 0 0 0 Elizabeth Granoff Director 1.00 0.00 X 0 0 0 Bernard Gustin Director 1.00 0.00 X 0 0 0 Halsey Herreshoff Director 1.00 0.00 X 0 0 0 Halsey Herreshoff II Director 1.00 0.00 X 0 0 0 David Hibbitt Director 1.00 0.00 X 0 0 0 Arthur Lee Director 45.00 0.00 X 0 0 0 George Lucas Director 1.00 0.00 X 0 0 0 Joop Nagtegaal Director 2.00 0.00 X 0 0 0 Andrew Tyska Director 1.00 0.00 X 0 0 0 Christopher Wick Director 1.00 0.00 X 0 0 0 Robert Yaro Director 1.00 0.00 X 0 0 0 Maia Farish Director 1.00 0.00 X 0 0 0 Robert Ayerle Director 1.00 0.00 X 0 0 0 Wm H Dyer Jones Chief Collections Officer 40.00 0.00 X 60144 0 510 174742 0 1604 1 false false false 51309 14584 310962 612284 989139 Museum Activities 611710 24707 24707 Admissions 611710 34467 34467 Waterfront Programs 611710 136782 136782 Education Programs 611600 92915 92915 Misc Museum Revenue 900099 6906 6906 295777 -3443 -3443 183609 221314 -37705 -37705 -15099 -22606 30103 35771 -5668 -5668 -5668 84793 14584 45709 39084 39084 71882 31671 40211 40211 1317395 315221 -22606 35641 243529 92906 150623 346662 170095 106272 70295 67255 34643 25906 6706 2605 2605 350 350 24741 24741 17196 6284 8970 1942 4750 2951 1236 563 54418 16549 29110 8759 10291 1976 5329 2986 73860 73860 9380 4197 1002 4181 380 380 67189 67189 4385 4385 168850 156047 12407 396 55733 50522 4715 496 Exhibit Expense 24487 24487 Bad Debts 1808 1808 Sailing School Scholarships 9959 9959 Other Sailing School 1084 1084 14001 11839 660 1502 1202913 724588 380499 97826 48797 72997 316670 254123 88565 71765 8187 13574 19672 18254 15440 9579 7573992 3418044 3655144 4155948 234015 221018 24992 29325 74217 74029 4485699 4920612 125807 222567 24464 51649 1416564 1566211 4200 4200 1571035 1844627 X 2201975 2462946 495370 395520 217319 217519 2914664 3075985 4485699 4920612 114482 46839 0 X false true X true false X 649088 667979 520753 796175 989139 3623134 649088 667979 520753 796175 989139 3623134 727472 2895662 -1906 36 19372 7714 -3443 21773 3644907 1645458 0.79440 0.83390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 234015 1150 -5386 8761 221018 186947 50100 7711 10743 234015 164235 7970 18532 3790 186947 152410 11825 36 36 164235 136850 15560 -1906 -1906 152410 0.98000 0.02000 true true 531385 531385 4065859 1923590 2142269 614789 522198 92591 2361959 972256 1389703 4155948 Investments Held at RI Community Fd 217818 F Investments Held at Barrett & Co 3200 F 221018 Tenant Security Deposits 4200 4200 Not reporting collections (Part III, line 1a) The Collection consists of items of historical significance that are held by the Organization to be preserved and protected. These items of the Collection which include yachts, books, photographs, architectural designs, artwork and marine related memorabilia are made available to the general public for viewing and study. The Collection, which was acquired through purchases and contributions since the Organizations inception, is not recognized as assets on the Statement of Financial Position. The Organization provides the resources to ensure the Collection is protected and preserved. The value of items of Collection received is not reported as contributions or accessions in the Statement of Activities. The Organizations policy is to provide resources to ensure the collection is protected and preserved in accordance with the policies of the American Association of Museums. Collections descriptions (Part III, line 4) The Herreshoff Marine Museum and Americas Cup Hall of Fame are dedicated to the education and inspiration of the public through the presentation of the history and innovative work of the Herreshoff Manufacturing Company (HMC)and the Americas Cup Competition. The Collection is comprised of 44 boats, over 2,000 historical artifacts from the HMC, the Herreshoff family, and the Americas Cup Competition and over 3,000 photographs and film negatives related to the same(collectively Collection). The Collection also includes a model room and ship models, a library with nearly 5,000 monographs and videos and the archival records of the HMC and the Americas Cup events. Endowment funds intended uses (Part V, line 4) The Organizations endowment fund is generally donor restricted to support the preservation of the collection and provide operational support in accordance with the donor stipulations. Frostbiters 56731 25665 31066 1456 2100 1682 Gala 55801 18630 37171 400 3193 14474 3500 4723 1 31140 14584 16556 2783 8434 550 2414 143672 58879 84793 400 7432 22908 6150 8819 45709 39084 Halsey Herreshoff Director 2806 Accounts Payable-Normal Business Operations false Elisabeth Lavers SpouseDirector 418 Accounts Payable-Normal Business Operations false Elisabeth Lavers SpouseDirector 59713 Employee Payroll and Related Benefits false Halsey Herreshofff II Director 330 Accounts Receivable-Normal Business Operation false Herreshoff Designs-Halsey Herreshof Director 50 Accounts Payable-Normal Business Operations false Joop Nagtegaal Director 2000 Pledge Receivable-Normal Business Operation false Elizabeth Granoff Director 2000 Pledge Receivable-Normal Business Operation false Bristol Marine-Andrew Tyska Director 4445 Accounts Payable-Normal Business Operations false Arthur Lee Director 252 Accounts Payable-Normal Business Operations false Christopher Wick Director 2000 Pledge Receivable-Normal Business Operation false X 4 35000 Appraisal X 1 11839 Est FMV X Promotions 5 6825 Est FMV X Exhibit 2 900 Est FMV X Fundraising 30 30055 Est FMV X Miscellaneous 10 144 Est FMV 4 true true false Officer directors etc family relationship Part VI line 2 A member of the Board of Directors is related to a senior manager of the Organization. The Board of Directors has reviewed and approved the employment of the senior manager. Halsey Herreshoff (Board of Directors) and Halsey Herreshoff II (Board of Directors) are related. Members or stockholder classes and rights Part VI line 6 Herreshoff Marine Museum has members with voting rights. There is an annual meeting each year of the membership for the election of directors to succeed those whose terms have expired and for the transactions of such other business as may properly come before the meeting. Each individual, family or group membership shall be deemed to be one member and shall collectively be entitled to one vote, which may be given in person or by proxy. The Chairperson or President will report on the activities of the Organization during the preceeding year. The Treasurer will report on the fiscal condition of the Organization during the preceeding year. Member election for additional members Part VI line 7a Herreshoff Marine Museum has members with voting rights. There is an annual meeting each year of the membership for the election of directors to succeed those whose terms have expired and for the transactions of such other business as may properly come before the meeting. Each individual, family or group membership shall be deemed to be one member and shall collectively be entitled to one vote, which may be given in person or by proxy. The Chairperson or President will report on the activities of the Organization during the preceeding year. The Treasurer will report on the fiscal condition of the Organization during the preceeding year. Governing body decisions Part VI line 7b Herreshoff Marine Museum has members with voting rights. There is an annual meeting each year of the membership for the election of directors to succeed those whose terms have expired and for the transactions of such other business as may properly come before the meeting. Each individual, family or group membership shall be deemed to be one member and shall collectively be entitled to one vote, which may be given in person or by proxy. The Chairperson or President will report on the activities of the Organization during the preceeding year. The Treasurer will report on the fiscal condition of the Organization during the preceeding year. Form 990 governing body review Part VI line 11 The Federal Form 990 is prepared by the Executive Director and Director of Finance and Operations and reviewed by the Organizations auditor. That draft is submitted to the Finance Committee for review and a final version is provided to all members of the Board of Directors prior to the filing date. Conflict of interest policy compliance Part VI line 12c The Directors provide self-declarations of possible conflicts of interest as part of the annual meeting responsibilities. The conflict of interest forms are reviewed by the Chairperson of the Board with the Vice Chairperson of the Board acting in case of the Chairpersons own filing. CEO executive director top management comp Part VI line 15a Salaries of key managers are informally reviewed and approved by the Board of Directors through the review and approval of the operating budget annually. Other officer or key employee compensation Part VI line 15b Salaries of key managers are informally reviewed and approved by the Board of Directors through the review and approval of the operating budget annually. Form 990 availability to public Part VI line 18 Copies of the governing documents and the audited financial statements are available from the Director of Finance and Operations upon written request. Governing documents etc available to public Part VI line 19 Copies of the governing documents and the audited financial statements are available from the Director of Finance and Operations upon written request. HMM Condo Association 1 Burnside Street Bristol RI 02809 263689010 Real Estate RI Herreshoff Marine Museum C Corp -188 77217 0.78000 false false false false false false false false false false false false true false false false false true false false