LYNN HISTORICAL SOCIETY INC: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- LYNN HISTORICAL SOCIETY INC (EIN 04-2269520)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201633209349101408
- Schema version
- 2015v2.1
- 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-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Sales Of Inventory List
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-15T09:17:26-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043395132 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAN CLASBY & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CUMMINGS CENTER SUITE 238C | AddressLine1Txt |
| City | BEVERLY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01915 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042269520 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNN MUSEUM AND HISTORICAL SOCIETY | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LYNN | BusinessNameControlTxt |
| Phone | 7815816200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 590 WASHINGTON STREET | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH SCANLON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7815922465 | PhoneNum |
| Signature | 2016-11-14 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL E CLASBY | PreparerPersonNm |
| PTIN | P01269589 | PTIN |
| Phone | 9789229900 | PhoneNum |
| Preparation | 2016-11-14 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,859,172 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $226,399 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $228 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $228 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $228 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $18,688 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $18,688 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $18,688 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $18,165 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $18,165 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $18,165 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $18,097 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $34,805 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $181,258 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $34,805 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $10,821 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $2,536 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $8,285 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $8,285 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $35,402 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $35,402 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $341,972 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $71,886 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $80,768 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $188,748 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $188,748 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $21,056 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $21,056 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $3,100 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $10,595 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $10,595 | OtherProfFeesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $23,665 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $23,730 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $23,730 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $1,647 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,647 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $178,016 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $68 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $68 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $177,948 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $450,557 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,663 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $68 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $416,229 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $434 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $434 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $450,991 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,663 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $68 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $416,663 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$109,019 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $61,223 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $80,700 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $26,550 | CashBOYAmt |
| Cash EOY | $62,489 | CashEOYAmt |
| Cash EOYFMV | $62,489 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $280,576 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $179,798 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $179,798 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $45,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl EOY | $45,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $45,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Inventories BOY | $19,800 | InventoriesBOYAmt |
| Inventories EOY | $19,800 | InventoriesEOYAmt |
| Inventories EOYFMV | $19,800 | InventoriesEOYFMVAmt |
| Corporate Stock BOY | $835,053 | CorporateStockBOYAmt |
| Corporate Stock EOY | $330,430 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $330,430 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $159,703 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $125,436 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $125,436 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $94,692 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $509,365 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $509,365 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $586,854 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $142,469 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $460,885 | LandBOYAmt |
| Land EOY | $444,385 | LandEOYAmt |
| Land EOYFMV | $586,854 | LandEOYFMVAmt |
| Total Assets BOY | $1,877,259 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,716,703 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,859,172 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,353 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,273 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,353 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,273 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $1,393,279 | UnrestrictedBOYAmt |
| Unrestricted EOY | $1,259,445 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $139,781 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $113,139 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $342,846 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $342,846 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,875,906 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,715,430 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,877,259 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,716,703 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,875,906 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$109,019 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,766,887 | SubtotalAmt |
| Other Decreases | $51,457 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,715,430 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| SALEM 5 REALIZED LT NET | P | 2012-12-31 | 2015-12-31 | $128,691 | $131,950 | -$3,259 | -$3,259 |
| SALEM 5 REALIZED ST NET | P | 2014-12-01 | 2015-03-30 | $9,433 | $10,000 | -$567 | -$567 |
| EASTERN BANK REALIZED LT NET | P | 2012-12-31 | 2015-12-31 | $36,280 | $36,280 | $36,280 | |
| EASTERN BANK REALIZED ST NET | P | 2015-01-01 | 2015-12-31 | $4,503 | -$4,503 | -$4,503 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $34,805 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt Operating Foundations | Yes (X) | ExemptOperatingFoundationsInd |
| Ruling Letter | 1972-05-25 | RulingLetterDt |
| Not Applicable | N/A | NotApplicableCd |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | LYNNMUSEUM.ORG | WebsiteAddressTxt |
| Individual With Books | JOSEPH SCANLON | IndividualWithBooksNm |
| Phone | 7815816200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 590 WASHINGTON ST | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (18 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JOSEPH SCANLON | ||||||||
| 236 PARKLAND AVENUE | LYNN | MA | 01905 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| STEVEN WALSH | ||||||||
| 8 SPRUCE RD | LYNN | MA | 01904 | 1ST VP | 2.00 | $0 | $0 | $0 |
| GAYLE RICHARDSON | ||||||||
| 12 KENISTON RD | LYNNFIELD | MA | 01940 | SECRETARY | 2.00 | $0 | $0 | $0 |
| STEVEN BABBITT | ||||||||
| 31 MANSON STREET | LYNN | MA | 01902 | TREASURER | 2.00 | $0 | $0 | $0 |
| MICHELLE KANE | ||||||||
| 212 HUMPHREY ST | MARBLEHEAD | MA | 01945 | 2ND VP | 2.00 | $0 | $0 | $0 |
| SETH ALBUUM | ||||||||
| 2 CENTRAL SQUARE | LYNN | MA | 01901 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| LIZETE ALCALAI | ||||||||
| 56 HUMPHREY ST APT 2 | SWAMPSCOTT | MA | 01907 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAUL AMIRAULT | ||||||||
| 11 CAMBELL ST | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOE BOYD | ||||||||
| 30 ABINGTON RD | DANVERS | MA | 01923 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| KATHIE GERECKE | ||||||||
| 77 COPELAND RD | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TOM GERECKE | ||||||||
| 77 COPELAND RD | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| NANCY GLIDDEN | ||||||||
| 590 WASHINGTON ST | LYNN | MA | 01901 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK KENNARD | ||||||||
| 42 SUNSET DR | BEVERLY | MA | 01915 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RICHARD KESSEL | ||||||||
| 3 LEO RD | MARBLEHEAD | MA | 01945 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| NANCY MCCARTHY | ||||||||
| 17 CROWNSHIELD RD | MARBLEHEAD | MA | 01945 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| STEPHEN RIMA | ||||||||
| 225 HUMPHREY ST | SWAMPSCOTT | MA | 01907 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PAM SCANGAS | ||||||||
| 5 DEACON DR | MIDDLETON | MA | 01949 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DEBORAH WALSH | ||||||||
| 16 COOLIDGE RD | LYNN | MA | 01902 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE SOCIETY OPERATES A MUSEUM THAT DISPLAYS HISTORICAL ARTIFACTS RELATED TO ITS EXEMPT PURPOSE TO PRESERVE THE HISTORY OF THE CITY OF LYNN. THE SOCIETY ALSO SELLS BOOKS AND OTHER ART RELATED ITEMS RELATED TO ITS EXEMPT PURPOSE TO PRESERVE THE HISTORY OF THE CITY OF LYNN. | Description1Txt |
| Expenses1 | $416,663 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $990,675 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $290,662 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $605,772 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,887,109 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,887,109 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $28,307 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,858,802 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $92,940 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $416,663 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $416,663 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $416,663 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $416,663 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $416,663 | RemainingDistriFromCorpusAmt |
| Total Corpus | $416,663 | TotalCorpusAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $80,700 | CurrentYearAmt |
| Year1 | $97,928 | Year1Amt |
| Year2 | $84,261 | Year2Amt |
| Year3 | $68,096 | Year3Amt |
| Total | $330,985 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $68,595 | CurrentYearAmt |
| Year1 | $83,239 | Year1Amt |
| Year2 | $71,622 | Year2Amt |
| Year3 | $57,882 | Year3Amt |
| Total | $281,338 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $416,663 | CurrentYearAmt |
| Year1 | $333,259 | Year1Amt |
| Year2 | $265,343 | Year2Amt |
| Year3 | $268,951 | Year3Amt |
| Total | $1,284,216 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $416,663 | CurrentYearAmt |
| Year1 | $333,259 | Year1Amt |
| Year2 | $265,343 | Year2Amt |
| Year3 | $268,951 | Year3Amt |
| Total | $1,284,216 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $61,960 | CurrentYearAmt |
| Year1 | $65,285 | Year1Amt |
| Year2 | $56,174 | Year2Amt |
| Year3 | $45,397 | Year3Amt |
| Total | $228,816 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VARIOUS DONEES | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 EXCHANGE STREET | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | CHARITABLE DONATION | GrantOrContributionPurposeTxt |
| Amt | $434 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $434 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| PROGRAM REVENUE & ADMISSIONS | 2 | $22,961 |
| DE-ACCESSIONED ITEMS SALES | 5 | $2,546 |
| RESEARCH & REPRODUCTION INC | 2 | $964 |
| MISCELLANEOUS PROG INC | 1 | $280 |
Membership Dues And Assmnt MembershipDuesAndAssmntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 3 | ExclusionCd |
| Exclusion | $8,651 | ExclusionAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $228 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $18,688 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $18,097 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $34,805 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 26 | ExclusionCd |
| Exclusion | $8,285 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $115,505 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $115,505 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNN ARTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(C)(3) | OrganizationTypeDesc |
| Relationship Description | COMMONLY CONTROLLED | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Business Name Line2ContributorBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|
| VIRGINIA BROWN 2009 TRUST | |||||||
| 1 | 100 FEDERAL ST | BOSTON | MA | 02110 | $89,173 | Yes (X) | |
| OLD NEIGHBORHOOD FOODS | |||||||
| 2 | 37 WATERHILL ST | LYNN | MA | 01902 | $10,000 | Yes (X) | |
| WAYNE ALARM | |||||||
| 3 | 424 ESSEX ST | LYNN | MA | 01902 | $5,000 | Yes (X) | |
| GERONDELIS FOUNDATION | |||||||
| 4 | 56 CENTRAL AVE | LYNN | MA | 01901 | $10,000 | Yes (X) | |
| ECONOMIC DEVELOPMENT & INDUSTRIAL | |||||||
| 5 | CITY HALL SQUARE | LYNN | MA | 01901 | $62,397 | Yes (X) | CORP OF LYNN |
| MASS DEVELOPMENT | |||||||
| 6 | 99 HIGH ST | BOSTON | MA | 02110 | $7,500 | Yes (X) | |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | CategoryTxt |
| Amt | $3,100 | Amt |
| Disbursements Charitable Prps | $3,100 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | DEPRECIATION | PropertyDesc |
| Current Year Expense | $23,665 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIXED INCOME SECURITIES | BondNm |
| EOY Book Value | $125,436 | EOYBookValueAmt |
| EOYFMV | $125,436 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | STOCKS & MUTUAL FUNDS | StockNm |
| EOY Book Value | $330,430 | EOYBookValueAmt |
| EOYFMV | $330,430 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MUTUAL FUNDS/MONEY MKT FUND | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $509,365 | BookValueAmt |
| EOYFMV | $509,365 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Or Other Basis | $586,854 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $142,469 | AccumulatedDepreciationAmt |
| Book Value | $444,385 | BookValueAmt |
| EOYFMV | $586,854 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $51,457 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (22 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| RENTALS | ||||
| OTHER EXPENSES | $68 | $68 | $68 | |
| EXPENSES | ||||
| IT EXPENSES | $6,452 | $6,452 | ||
| CREDIT CARD & BANK FEES | $2,713 | $2,713 | ||
| EXHIBITS, ARCHIVES & COLLECTI | $51,651 | $51,651 | ||
| FUNDRAISING EXPENSES | $11,813 | $11,813 | ||
| GRANT CONSULTING EXPENSES | $30,729 | $30,729 | ||
| INSURANCE | $10,035 | $10,035 | ||
| MARKETING AND DEVELOPMENT | $9,030 | $9,030 | ||
| MEMBERSHIP EXPENSES | $83 | $83 | ||
| MISCELLANEOUS | $3,271 | $3,271 | ||
| OFFICE SUPPLIES | $9,978 | $9,978 | ||
| PAYROLL PROCESSING FEES | $1,615 | $1,615 | ||
| POSTAGE AND SHIPPING | $1,817 | $1,817 | ||
| PROFESSIONAL DUES | $3,475 | $3,475 | ||
| PROGRAM EXPENSES | $27,120 | $27,120 | ||
| EQUIPMENT LEASE | $2,541 | $2,541 | ||
| FILING FEES | $162 | $162 | ||
| TELEPHONE & INTERNET | $4,238 | $4,238 | ||
| TEMPORARY HELP | $1,120 | $1,120 | ||
| VOLUNTEER EXPENSES | $105 | $105 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| PROGRAM REVENUE & ADMISSIONS | $22,961 | $22,961 |
| DE-ACCESSIONED ITEMS SALES | $2,546 | $2,546 |
| RESEARCH & REPRODUCTION INC | $964 | $964 |
| MISCELLANEOUS PROG INC | $280 | $280 |
| MEMBERSHIP DUES | $8,651 | $8,651 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SALES TAX PAYABLE | $153 | $173 |
| SECURITY DEPOSIT | $1,200 | $1,100 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOAN RECEIVABLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $45,000 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $10,595 | Amt |
| Net Investment Income | $10,595 | NetInvestmentIncomeAmt |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MUSEUM SHOP SALES | CategoryTxt |
| Gross Sales | $10,821 | GrossSalesAmt |
| Cost Of Goods Sold | $2,536 | CostOfGoodsSoldAmt |
| Net | $8,285 | NetAmt |
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