2016-08-01T09:07:03-05:00 2015-12-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2015-01-01 042160642 MARTHA'S VINEYARD MUSEUM INC MART 5086274441 PO BOX 1310 EDGARTOWN MA 02539 PHILIP WALLIS EXECUTIVE DIRECTOR 5086274441 2016-07-19 1 BARBARA E KING P00005629 5087557107 2016-07-19 2015 2016-12-15 16:53:06Z PHILIP WALLIS PO BOX 1310 EDGARTOWN MA 02539 3453662 0 X WWW.MVMUSEUM.ORG X 1923 MA THE MARTHA'S VINEYARD MUSEUM INSPIRES ALL PEOPLE TO DISCOVER, EXPLORE, AND STRENGTHEN THEIR CONNECTIONS TO THIS ISLAND AND ITS DIVERSE HERITAGE. 24 24 25 172 0 0 1480316 3163257 211874 180015 3834 3846 -42295 -43009 1653729 3304109 0 0 0 0 775756 799308 192000 165000 450877 823321 729065 1791077 1693373 -137348 1610736 6404565 8024174 28268 37141 6376297 7987033 THE MARTHA'S VINEYARD MUSEUM INSPIRES ALL PEOPLE TO DISCOVER, EXPLORE, AND STRENGTHEN THEIR CONNECTIONS TO THIS ISLAND AND ITS DIVERSE HERITAGE. 0 0 883013 192584 MUSEUM & LIBRARY FOR EDUCATION AND RESEARCH OF LOCAL HISTORY. 883013 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X MARGARET E MAYHEW 5086274441 59 SCHOOL STREET EDGARTOWN MA 02539 ELIZABETH BEIM CHAIRMAN 2.00 X X 0 0 0 NAT BENJAMIN DIRECTOR 2.00 X 0 0 0 ROBERT BLACKLOW DIRECTOR 2.00 X 0 0 0 MARCIA MULFORD CINI DIRECTOR 2.00 X 0 0 0 JAMES CURTIS DIRECTOR 2.00 X 0 0 0 BARBARA ALLEYNE DIRECTOR 2.00 X 0 0 0 GAIL FARRISH DIRECTOR 2.00 X 0 0 0 SKIP FINLEY DIRECTOR 2.00 X 0 0 0 DALE GARTH DIRECTOR 2.00 X 0 0 0 STEVER AUBREY DIRECTOR 2.00 X 0 0 0 JULIANNA FLANDERS DIRECTOR 2.00 X 0 0 0 DAVID LEBRETON DIRECTOR 2.00 X 0 0 0 DEIRDRE FRANK DIRECTOR 2.00 X 0 0 0 ELIZABETH HAWES WEINSTOCK DIRECTOR 2.00 X 0 0 0 PETER GEARHART DIRECTOR 2.00 X 0 0 0 PHOEBE LEWIS DIRECTOR 2.00 X 0 0 0 CALVIN LINNEMANN DIRECTOR 2.00 X 0 0 0 MARK ALAN LOVEWELL DIRECTOR 2.00 X 0 0 0 JUNE MANNING DIRECTOR 2.00 X 0 0 0 CHRISTOPHER MORSE DIRECTOR 2.00 X 0 0 0 DENYS WORTMAN DIRECTOR 2.00 X 0 0 0 CHRIS MURPHY DIRECTOR 2.00 X 0 0 0 JAMES B RICHARDSON III DIRECTOR 2.00 X 0 0 0 RICHARD C WALKER III DIRECTOR 2.00 X 0 0 0 DAVID NATHANS EXECUTIVE DIRECTOR 40.00 X 147291 0 9536 MARGARET E MAYHEW DIRECTOR OF FINANCE 40.00 X 64774 0 6632 212065 0 16168 1 0 1 0 DEMONT ASSOCIATES 477 CONGRESS STREET PORTLAND ME 04101 FUNDRAISING CONSULTANT 165000 1 91450 154988 180781 2736038 47808 3163257 ADMISSIONS AND FEES 900099 180015 180015 180015 3846 3846 81145 154988 136723 -55578 -55578 25399 12830 12569 12569 3304109 192584 0 -51732 684740 389216 165712 129812 61524 34971 14889 11664 53044 30151 12837 10056 12035 12035 165000 165000 57687 3963 8385 45339 45449 2401 43048 1299 1274 25 47784 47784 20186 20186 PROGRAMS AND SPECIAL EV 210708 210708 CAPITAL CAMPAIGN EXPENS 136029 51722 31195 53112 LIGHTHOUSES 37624 37624 SUPPLIES 35302 7657 26246 1399 124962 66816 23676 34470 1693373 883013 359483 450877 981270 1540486 1156556 2233504 1227 5784 41103 35710 2338 15015 5166241 972566 4222071 4193675 6404565 8024174 28268 37141 28268 37141 X 4681860 4676895 1585861 2882598 108576 427540 6376297 7987033 6404565 8024174 1610736 0 X 0 1 X 1 0 X 4140027 1055037 2154901 1424436 3163257 11937658 4140027 1055037 2154901 1424436 3163257 11937658 4219294 7718364 10817 5191 4843 3834 3846 28531 11966189 1122072 0.64500 0.67370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 108576 318633 331 427540 1.00000 0 0 1379032 1379032 1647849 773084 874765 210212 199482 10730 1929148 1929148 4193675 X 3104825 101745 101745 3003080 301029 301029 3304109 1494089 101745 101745 1392344 301029 301029 1693373 PART III, LINE 1A: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DE-ACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PROCEEDS FROM DE-ACCESSIONS ARE REFLECTED AS INCREASES IN UNRESTRICTED NET ASSETS. THE MUSEUM HAS ESTABLISHED A POLICY THAT REQUIRES THE PROCEEDS FROM ITEMS DE-ACCESSED TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART III, LINE 4: MARTHA'S VINEYARD MUSEUM CONSISTS OF THE FORMER MARINE HOSPITAL/ST.PIERRE CAMP PROPERTY IN TISBURY AND THE EDGARTOWN CAMPUS INCLUDING THE COOKE HOUSE, THE PEASE HOUSE, THE HUNTINGTON LIBRARY/FOSTER GALLERY, THE GAY HEAD LENS, THE CARRIAGE/BOAT SHED AND THE TRY WORKS REPRODUCTION. MARTHA'S VINEYARD MUSEUM ALSO HAS A STEWARDSHIP OF THE GAY HEAD, EAST CHOP AND EDGARTOWN LIGHTHOUSES. MARTHA'S VINEYARD MUSEUM HAS PERMANENT AND CHANGING EXHIBITS THAT EXPLORE THE HISTORY, CULTURE, ART, NATURAL HISTORY AND LANDSCAPE OF MARTHA'S VINEYARD ISLAND. THE MUSEUM AND GALLERY ALSO OFFER A BROAD RANGE OF ADULT AND CHILDREN'S EDUCATIONAL PROGRAMS, EXHIBITS, AND EVENTS TO MEMBERS AND THE GENERAL PUBLIC. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF NATIONAL EDOWMENT FOR THE HUMANITIES AND DONOR RESTRICTED ENDOWMENT FUNDS ESTABLISHED TO SUPPORT THE VARIOUS PROGRAMS AND PROJECTS THAT FURTHER THE MISSION OF THE MUSEUM. THE FUNDS ARE CURRENTLY HELD IN A MONEY MARKET ACCOUNT. THE MUSEUM HAS ADOPTED SPENDING POLICIES FOR ITS 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, THE BOARD ESTABLISHES A BUDGETED APPROPRIATION AMOUNT FOR EXPENDITURE DURING THE YEAR. PART X, LINE 2: THE MUSEUM QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REQUIRED. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE MUSEUM HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE MUSEUM'S STATEMENT OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES OR CASH FLOWS. THE MUSEUM FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 12,830. FUNDRAISING EVENT EXPENSE 88,915. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN EXPENSES 301,029. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 12,830. FUNDRAISING EVENT EXPENSE 88,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN EXPENSES 301,029. X X X X X 0 DEMONT ASSOCIATES 477 CONGRESS STREET BOSTON MA 04104 FUNDRAISING CAPITAL CAMPAIGN 0 0 165000 -165000 165000 -165000 MA DISCOVERY WEEKEND 236133 154988 81145 46112 90611 236133 154988 81145 46112 90611 136723 -55578 X X 0 0 0 0 0 0 0 0 0 DAVID NATHANS EXECUTIVE DIRECTOR 147291 0 0 0 0 0 6800 0 2736 0 156827 0 0 0 X AUCTION ITEMS 0 36242 FMV X EVENT ITEMS 0 11566 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE RETURN WILL BE CIRCULATED TO THE MEMBERS OF THE FINANCE COMMITTEE FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE FINAL RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS MUST NOTIFY THE BOARD WITH ANNUALLY WITH ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS SET BY REVIEWING JOB RESPONSIBILITIES, LENGTH OF SERVICE, COMPARABLE SALARIES THROUGH NEW ENGLAND MUSEUM ASSOCIATION INFORMATION AND LOCAL COMPARABLES (EMPLOYEES ONLY-OFFICERS AND DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 REQUESTS FOR INSPECTION OF THE RETURNS ARE FORWARDED TO THE EXECUTIVE DIRECTOR OR BUSINESS MANAGER WHO MAKE THE NECESSARY ARRANGEMENTS TO PROVIDE ACCESS TO THE RETURNS.