2016-11-08T11:18:04-08:00 2015-12-31 Piaker & Lyons PC PO Box 190 5862 County Rd 32 Norwich NY 13815 990 2015-01-01 237035407 CHENANGO COUNTY HISTORICAL SOCIETY CHEN 6073349227 45 REXFORD STREET NORWICH NY 13815 SARAH MAHAN Executive Director 2016-11-08 true ROY E FULLER CPA P00005268 6073368908 2015 2017-02-10 21:41:12Z SARAH MAHAN 45 REXFORD STREET NORWICH NY 13815 387945 false false X N/A X 1969 NY TO LEAD AND SUPPORT THE ADVANCEMENT OF RESEARCH EDUCATION AND ENJOYMENT OF CHENANGO COUNTY'S HISTORY AND HISTORICALLY SIGNIFICANT ASSETS 13 13 2 80 0 347859 243324 0 74784 36597 25621 30456 448264 310377 0 0 68307 53035 0 5662 276514 168755 344821 221790 103443 88587 3052001 2985978 5586 2477 3046415 2983501 TO LEAD AND SUPPORT THE ADVANCEMENT OF RESEARCH EDUCATION AND ENJOYMENT OF CHENANGO COUNTY'S HISTORY AND HISTORICALLY SIGNIFICANT ASSETS false false 112952 EXHIBIT EXPENSE TO MAINTAIN AND ACQUIRE COLLECTIONS OF HISTORICAL ITEMS 6097 TO EDUCATE THE GENERAL PUBLIC ON LOCAL HISTORY AND TO PROMOTE AND ENCOURAGE HISTORICAL RESEARCH IN CHENANGO COUNTY AND VICINITY 2697 EDUCATION SALARIES AND RELATED EXPENSES ATTRIBUTED TO SPECIAL EVENTS HELD THROUGHOUT THE YEAR 121746 true true false false false false false true false true true true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 2 true false false false false false false false false 0 false false false false false false false false false false X 13 13 false false false false true true true true false false false false true true true false true false false false NY X X SARAH MAHAN 6073349227 45 REXFORD STREET NORWICH NY 13815 STEPHANIE COGGINS Trustee 1.00 0.00 X 0 0 0 JOYCE ZUMMO President 5.00 0.00 X X 0 0 0 MARY C WEIDMAN Vice President 5.00 0.00 X X 0 0 0 WARREN NASH Treasurer 5.00 0.00 X X 0 0 0 MARY PAT LANFAIR Secretary 5.00 0.00 X X 0 0 0 GILBERT HARRINGTON Trustee 1.00 0.00 X 0 0 0 CLAYTON WELCH Trustee 1.00 0.00 X 0 0 0 FRED LANFAIR Trustee 1.00 0.00 X 0 0 0 KAY ZAIA Trustee 1.00 0.00 X 0 0 0 WILLIAM SEARFOSS Trustee 1.00 0.00 X 0 0 0 SHARON DONAHE Trustee 1.00 0.00 X 0 0 0 JOAN SCUDDER Trustee 1.00 0.00 X 0 0 0 JULIE KUPRIS Trustee 1.00 0.00 X 0 0 0 SARAH MAHAN Executive Dir. 35.00 0.00 X 44217 0 0 44217 0 false false false 0 5197 11878 226249 243324 0 35022 35022 0 0 6000 6000 6000 6000 73000 71425 1575 1575 1575 12119 4180 7939 7939 0 8966 1963 7003 7003 MISCELLANEOUS 3899 3899 PAPERBACK EXCHANGE 5615 5615 9514 310377 67053 0 0 0 0 44217 30952 8843 4422 0 4214 2950 843 421 0 849 594 170 85 3755 2628 751 376 0 0 5000 5000 0 0 4089 4089 0 1361 1361 2386 60 1968 358 0 0 17254 12940 4314 89 16 73 0 0 0 0 20885 20885 14011 14011 EXHIBIT 49801 49801 REPAIRS AND MAINTENANCE 14901 4470 10431 PROGRAM EXPENSE 11480 11480 COMPUTER AND EQUIP MAINT 6758 6758 20740 4494 16246 221790 121746 94382 5662 153142 236338 17521 15640 28750 35750 0 0 0 0 16559 16503 0 711487 83898 648474 627589 0 579413 549995 0 0 1608142 1504163 3052001 2985978 5586 2477 5586 2477 X 1362283 1325108 75990 154230 1608142 1504163 3046415 2983501 3052001 2985978 X 88587 -47522 -103979 X true X false true false X 318050 167774 107563 347859 243324 1184570 20289 34926 22793 9456 9514 96978 0 0 0 338339 202700 130356 357315 252838 1281548 58171 136952 90293 285416 0 58171 136952 90293 285416 996132 13459 12002 14068 20045 26317 85891 0 13459 12002 14068 20045 26317 85891 0 0 351798 214702 144424 377360 279155 1367439 0.72850 0.89500 0.06280 0.05920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 596934 25 -10968 16266 4090 565635 574459 39146 12560 4111 596934 529218 755 51921 3659 3776 574459 486415 542 56650 11217 3172 529218 477543 25000 -2448 10962 2718 486415 1.00000 false false false 8804 8804 678970 62462 616508 23713 21436 2277 627589 549995 PERPETUAL TRUST HELD BY 3RD PARTY 1504163 1504163 X Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o The Organization does not capitalize collections. Accessions are expensed at cost if purchased and at appraised or fair value at date of accession if received by donation. Gains and losses on deaccessions of donated collections are recorded based on the presence or absence of donor restrictions placed on items at date of donation. Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE HISTORICAL SOCIETY HAS COLLECTIONS RELATED TO LOCAL AND NYS HISTORY. THESE COLLECTIONS ARE ROTATED IN EXHIBITS FOR THE PUBLIC TO VIEW DURING THE MUSEUM OPERATING HOURS. IN ADDITION THE COLLECTIONS ARE AVAILABLE FOR HISTORICAL RESEARCH. THE COLLECTIONS FURTHER THE ORGANIZATIONS PURPOSE OF PRESERVING LOCAL HISTORY AND EDUCATING THE PUBLIC ABOUT LOCAL HISTORY. Part X : FIN48 Footnote Income Taxes and Uncertainty in Income Taxes - The Organization is exempt from federal income taxes on income generated from activities related to its exempt purpose and federal unemployment insurance under Section 501(c)(3) of the Internal Revenue Code. The Organization files informational returns in the U.S. federal jurisdiction and New York State jurisdiction. With few exceptions, the Organization is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2012. The Organization has not been informed of any income tax examinations by either the Internal Revenue Service (IRS) or any state tax authorities for any tax years not barred by statute of limitations. The Organization has adopted the provisions of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 740, Income Taxes, as amended by FASB Accounting Standards Update (ASU) No. 2009-06, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities. Management has determined there were no liabilities for unrecognized tax benefits as a result of the implementation of FASB ASC No. 740, as amended. Furthermore, management has estimated that there are no material unrecognized tax benefits for either the U.S. federal jurisdiction or New York State jurisdiction for which it is subject to income tax as of December 31, 2015. The Organization has not recognized any interest or penalties related to unrecognized tax benefits in the statement of activities nor has it accrued any in the statement of financial position as of December 31, 2015. Client Note 1 Client Note 1 - 2014 BALANCE SHEET WAS ADJUSTED TO RECORD THE CORRECT MARKET VALUE OF INVESTMENTS AND ADJUST THE NET ASSETS TO AGREE WITH BOOKS AND RECORDS. THE CHANGE HAD NO BEARING ON THE REVENUE OR EXPENSES REPORTED IN 2014. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body MEMBERS ELECT THE MEMBERS OF THE GOVERNING BOARD. IN ADDITION IF FUNDS ARE TO BE USED FROM THE QUASI-ENDOWMENT FUND IT REQUIRES A VOTE OF THE MEMBERS OF THE ORGANIZATION. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders THE MEMBERS MUST VOTE IF THE GOVERNING BOARD WISHES TO EXPEND THE PRINCIPAL OF THE QUASI-ENDOWMENT FUND. Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings THE COMMITTEES REPORT TO THE GOVERNING BOARD AND IF REPORTS ARE MADE THAT IS DOCUMENTED IN THE MINUTES OF THE GOVERNING BODY Form 990, Part VI, Line 11b: Form 990 Review Process THE PRESIDENT AND EXECUTIVE DIRECTOR REVIEWS THE 990 PRIOR TO FILING Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts CONFLICT OF INTEREST STATEMENTS ARE SIGNED EVERY YEAR BY EACH BOARD MEMBER. THE STATEMENTS ARE REVIEWED AND CONFLICTS ARE NOTED AND INDIVIDUALS DO NOT PARTICIPATE IN DISCUSSIONS AND DECISIONS WHEN THEY HAVE CONFLICTS. PURCHASES ARE MONITORED BY THE TREASURER AND EXECUTIVE COMMITTEE Form 990, Part VI, Line 19: Other Organization Documents Publicly Available DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE REQUEST WOULD BE REVIEWED BY THE EXECUTIVE COMMITEE, DOCUMENTS WOULD BE COPIED AND MADE AVAILABLE. Other Changes In Net Assets Or Fund Balances - Other Decreases UNREALIZED LOSS ON INVESTMENTS = -$103979