2016-02-09T11:09:43-06:00 2015-03-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2014-04-01 042104937 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES SOCI 6179945900 141 CAMBRIDGE STREET BOSTON MA 021142702 CARL R NOLD PRESIDENT/CEO 6172273957 2016-02-09 1 BARBARA E KING P00005629 5087557107 2016-02-09 2014 2016-04-25 22:37:26Z HISTORIC NEW ENGLAND CARL R NOLD 141 CAMBRIDGE STREET BOSTON MA 021142702 81230764 0 X HISTORICNEWENGLAND.ORG X 1910 MA WE SERVE THE PUBLIC BY PRESERVING AND PRESENTING NEW ENGLAND HERITAGE. 16 15 335 473 16114 0 4878862 4148332 605639 638741 7618537 8753781 585221 566075 13688259 14106929 344321 170507 0 0 6281136 6526783 0 0 572383 4793514 6024524 11418971 12721814 2269288 1385115 147810023 143499659 3695792 4298311 144114231 139201348 X HISTORIC NEW ENGLAND SERVES THE PUBLIC BY PRESERVING AND PRESENTING NEW ENGLAND HERITAGE. IT IS A MUSEUM OF CULTURAL HISTORY WHICH COLLECTS AND PRESERVES BUILDINGS, LANDSCAPES, AND OBJECTS DATING FROM THE SEVENTEENTH CENTURY TO THE PRESENT AND USES THEM TO KEEP HISTORY ALIVE AND TO HELP PEOPLE DEVELOP A DEEPER UNDERSTANDING AND ENJOYMENT OF NEW ENGLAND LIFE AND APPRECIATION FOR ITS PRESERVATION. 0 0 8985817 170507 1178363 MUSEUMS - DURING THE 2015 FISCAL YEAR, THE 36 HISTORIC PROPERTIES OWNED AND RUN BY HISTORIC NEW ENGLAND HAVE BEEN VISITED BY OVER 197,123 INDIVIDUALS. THE PROGRAMS INCLUDE EDUCATION, PUBLIC OUTREACH AND CURATORIAL CARE FOR OVER 110,000 OBJECTS AND 1,000,000 DOCUMENTS AND PHOTOGRAPHS. 816892 CONSERVATION AND PRESERVATION- HISTORIC NEW ENGLAND PROVIDES PROPERTY CARE AND MANAGEMENT SERVICES FOR ALL OF THE ORGANIZATION'S HISTORIC PROPERTIES AND LANDSCAPES. 408446 STEWARDSHIP PRESERVATION-ADMINISTERS 96 EASEMENTS THAT PROTECT PRIVATELY OWNED HISTORIC BUILDINGS THROUGHOUT NEW ENGLAND. 10211155 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 79 0 1 335 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CT ME NH RI X X SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 6179945962 151 ESSEX STREET HAVERHILL MA 018325564 THEODORE ALFOND TRUSTEE 2.00 X 0 0 0 DEBORAH L ALLINSON TRUSTEE 2.00 X 0 0 0 NANCY J BARNARD TRUSTEE 2.00 X 0 0 0 JON-PAUL COUTURE TRUSTEE 2.00 X 0 0 0 CHRISTOPHER KARPINSKY TRUSTEE 2.00 X 0 0 0 SIDNEY KENYON TRUSTEE 2.00 X 0 0 0 THEODORE C LANDSMARK TRUSTEE 2.00 X 0 0 0 F WARREN MCFARLAN TRUSTEE 2.00 X 0 0 0 SYLVIA Q SIMMONS TRUSTEE 2.00 X 0 0 0 CARL R NOLD PRESIDENT/CEO 40.00 X 307203 0 72231 ROGER T SERVISON CHAIR OF THE BOARD 2.00 X 0 0 0 MAUREEN FENNESSY BOUSA FIRST VICE-CHAIR 2.00 X 0 0 0 DAVID A MARTLAND SECOND VICE-CHAIR 2.00 X 0 0 0 RANDY J PARKER TREASURER 2.00 X 0 0 0 JOAN M BERNDT CLERK 2.00 X 0 0 0 SANDRA O MASSEY EX-OFFICIO/CHAIR BOARD OF OVERSEERS 2.00 X 0 0 0 WENDY GUS DIRECTOR OF FINANCE 40.00 X 98488 0 16107 DIANE VIERA EXECUTIVE VP & COO 40.00 X 181822 0 17929 KIMBERLEA TRACEY VP OF ADVANCEMENT 40.00 X 147252 0 7841 DAVID DWIGGINS IT OFFICER 40.00 X 100293 0 4059 835058 0 118167 4 0 1 0 P A PAINTING & CONSTRUCTION 89 FALCONCREST WAY MANCHESTER NH 03104 PAINTING 153780 VODAVI TECHNOLOGIES 50 RESNIK ROAD PLYMOUTH MA 02360 IT CONSULTING 130859 AUSTIN ARCHITECTS LLC 219 CONCORD AVE CAMBRIDGE MA 02138 ARCHITECTS 128142 3 361328 14802 323229 3448973 779698 4148332 ADMISSIONS 713990 638741 638741 638741 3419702 3419702 10339 10339 477676 352406 207763 308541 269913 43865 313778 297664 16114 70985659 898975 65196271 1354284 5789388 -455309 5334079 5334079 8239 14802 8239 0 277333 48737 228596 228596 MISCELLANEOUS INCOME 713990 13362 13362 13362 14106929 1178363 16114 8764120 170507 170507 5285978 4091990 830945 363043 219975 117027 92176 10772 653506 507479 102417 43610 367324 292251 50957 24116 67434 65097 2337 54175 54175 700585 560468 140117 61990 61990 289125 160061 120200 8864 554645 447081 92760 14804 412291 267874 128691 15726 489143 449802 39341 171030 129496 38526 3008 17828 7891 9844 93 33200 33200 287008 191282 95726 136497 122395 14102 FACILITY IMPROVEMENTS & 1183713 1172186 11527 GROUNDS IMPROVEMENT & M 762483 762483 PROGRAM & EVENT EXPENSE 458532 427346 8339 22847 COLLECTIONS & EXHIBITIO 199372 198574 798 145473 36665 43308 65500 12721814 10211155 1938276 572383 220937 46623 377756 493049 1607553 843375 108608 47124 256321 257535 185700 101972 22199013 2880243 6786088 19318770 114068478 111430898 23803849 10345529 394733 614784 147810023 143499659 1334435 1870139 1605000 1480000 756357 948172 3695792 4298311 X 49645869 46710462 60591688 57722020 33876674 34768866 144114231 139201348 147810023 143499659 X 1385115 -6317996 19998 X 0 1 X 1 0 X 6159245 8732954 10325387 4878862 4148332 34244780 6159245 8732954 10325387 4878862 4148332 34244780 34244780 2120045 2967532 2566928 3033671 4236456 14924632 17514 17281 17554 2979 13480 68808 49238220 4641223 0.69550 0.54240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 96 893.99 95 35 0 5 1 2860.00 228516 1 X X X X 0 0 0 88128192 884030 1216238 4049337 86179123 87759313 183468 10060510 9875099 88128192 84910006 144336 6783790 4078819 87759313 92438596 214379 -776149 6966820 84910006 82271832 5100375 10288186 5221797 92438596 0.33610 0.26040 0.40350 0 0 13478318 3358335 741643 16095010 2708644 788407 1920237 1222463 917602 304861 1431253 432591 998662 19318770 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 10092383 F INVESTMENT IN SUBSIDIARY 253146 C 10345529 REFUNDABLE DEPOSITS 354240 REFUNDABLE ADVANCES 593932 948172 X 7707470 -6317996 620803 -5697193 13404663 702266 702266 14106929 12620353 600805 600805 12019548 702266 702266 12721814 PART II, LINE 3: NO EASEMENT WAS MODIFIED, TRANSFERRED, RELEASED, EXTINGUISHED OR TERMINATED DURING THE CURRENT FISCAL YEAR. PART II, LINE 9: REVENUE AND EXPENSES FOR THE EASEMENTS ARE NOT REFERENCED IN THE FOOTNOTES OF THE FINANCIAL STATEMENTS RATHER THEY ARE BOOKED IN A SEGREGATED BUDGET CENTER KNOWN AS STEWARDSHIP/PRESERVATION EASEMENT PROGRAM, THIS INCLUDES ANNUAL FUND REVENUE, PAYROLL, BENEFITS, ADMINISTRATION, ETC. PROCEEDS ARE DEPOSITED INTO THE ORGANIZATION'S ENDOWMENTS AND INVESTMENTS AND DRAWN IN COMPLIANCE WITH ITS ANNUAL DRAWDOWN POLICIES. THE ORGANIZATION DOES NOT ACCOUNT FOR EASEMENT PROPERTIES ON ITS BALANCE SHEET. PART III, LINE 1A: HISTORIC PROPERTIES ARE RECORDED AT COST IF PURCHASED OR AT THE APPRAISED VALUE ON THE DATE OF RECEIPT, IF ACQUIRED BY GIFT OR LEGACY, EXCEPT FOR FIVE PROPERTIES, WHICH ARE CARRIED AT ZERO VALUE, AS NO HISTORIC COSTS OR APPRAISED VALUATIONS EXIST. NO PROVISION FOR DEPRECIATION IS RECORDED FOR THESE PROPERTIES. ALL EXPENDITURES FOR REPAIRS, MAINTENANCE, RENEWALS, AND BETTERMENTS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY LIBRARIES AND MUSEUMS, THE ORGANIZATION HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED, WITH THE EXCEPTION OF PROPERTIES. THE COLLECTION IS HELD FOR PUBLIC EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE ORGANIZATION CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PART III, LINE 4: HISTORIC NEW ENGLAND IS A MUSEUM OF CULTURAL HISTORY WHICH COLLECTS AND PRESERVES BUILDINGS, LANDSCAPES, AND OBJECTS DATING FROM THE SEVENTEENTH CENTURY TO THE PRESENT AND USES THEM TO KEEP HISTORY ALIVE AND TO HELP PEOPLE DEVELOP A DEEPER UNDERSTANDING AND ENJOYMENT OF NEW ENGLAND LIFE AND APPRECIATION FOR ITS PRESERVATION. HISTORIC NEW ENGLAND'S COLLECTIONS COMPRISE THE LARGEST ASSEMBLAGE OF NEW ENGLAND ART AND ARTIFACTS IN THE COUNTRY, AN EXTRAORDINARY BROAD COLLECTION OF MORE THAN 110,000 OBJECTS OF HISTORICAL AND AESTHETIC SIGNIFICANCE. THESE COLLECTIONS HELP PEOPLE UNDERSTAND THE REGION'S HERITAGE THROUGH THE POSSESSIONS OF THOSE WHO LIVED HERE AND TO APPRECIATE THE INGENUITY, CRAFTSMANSHIP, AND STYLE OF THE REGION. IN ADDITION, THE HISTORIC NEW ENGLAND LIBRARY AND ARCHIVES INCLUDE MORE THAN ONE MILLION ITEMS THAT DOCUMENT NEW ENGLAND'S ARCHITECTURAL AND CULTURAL HISTORY - PHOTOGRAPHS, ARCHITECTURAL DRAWINGS, EPHEMERA, MANUSCRIPTS, FAMILY PAPERS, AND BOOKS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORGINAL 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 ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORORARILY 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 CAN CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUND; 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; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER 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, THE ORGANIZATION'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. 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 AND DIVIDENDS). THE ORGANIZATION HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET 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% (THE BOARD MAY APPROVE MORE OR LESS FROM TIME TO TIME) OF THE TWENTY-QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF DECEMBER 31 PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF 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 OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNT TO $14,948 AS OF MARCH 31, 2015. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES, AND BELIEVES THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 48,737. RENTAL EXPENSE 516,304. UNREALIZED GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 19,998. FUNDRAISING EXPENSES-GALA 8,239. SPNEA CT 27,525. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 48,737. RENTAL EXPENSE 516,304. FUNDRAISING EXPENSES 8,239. SPNEA CT 27,525. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 39636012 0 0 0 0 0 0 39636012 0 39636012 0 0 0 1 0 0 FEAST IN THE FIELDS 23041 14802 8239 8239 23041 14802 8239 8239 8239 0 1 SPNEA CONNECTICUT 141 CAMBRIDGE STREET BOSTON MA 02114 454847030 501(C)(3) 170507 PRESERVATION OF HISTORIC PROPERTY 1 X X X X 0 1 0 0 0 0 0 0 0 CARL R NOLD PRESIDENT/CEO 307203 0 0 0 0 0 63795 0 8436 0 379434 0 0 0 DIANE VIERA EXECUTIVE VP & COO 181822 0 0 0 0 0 9493 0 8436 0 199751 0 0 0 KIMBERLEA TRACEY VP OF ADVANCEMENT 147252 0 0 0 0 0 5556 0 2285 0 155093 0 0 0 SCHEDULE J - PAGE 3 - SUPPLEMENTAL INFORMATION SCHEDULE J - PAGE 1, LINE 4B - SUPPLEMENTAL INFORMATION: CARL R. NOLD, PRESIDENT/CEO OF THE ORGANIZATION RECEIVED $53,738 IN NON-QUALIFIED DEFERRED COMPENSATION DURING THE CURRENT FISCAL YEAR. TOTAL AMOUNTS DEFERRED UNDER NON-QUALIFIED PLANS WAS $57,101. A MEFA BOND 042104937 57586EL01 2009-07-01 1855000 REFINANCE EXISTING BOND 0 0 0 A 1855000 18550 27318 2006 0 0 1 1 A 0 0 0 0 0.40000 0.40000 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 16 278898 FAIR MARKET VALUE X 116 0 SEE STMT SCH M,LINE 33 X SHELVING 1 500800 FAIR MARKET VALUE 0 1 0 PART I, LINE 32B: SCHEDULE M, LINE, 33: NO AMOUNT REPORTED IN REVENUE RELATED TO THE CONTRIBUTIONS OF ART AND HISTORICAL ARTIFACTS ON THE ORGANIZATION'S FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G OR SCHEDULE M, PART I BECAUSE THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTION AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE 990 WAS DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BODY FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES COMPENSATION OF ITS CEO 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 18 FORM 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S 990 AND 990-T ARE AVAILABLE UPON REQUEST AND ARE ALSO AVAILABLE ON THE WEBSITES OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUST 19,998. SPNEA CT 141 CAMBRIDGE STREET BOSTON MA 02114 454847030 HISTORIC BUILDING PRESERVATION/EDUCATIONAL TOURS CT 501(C)(3) LINE 7 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SPNEA CT B 170507 COST