NANTUCKET ATHENEUM: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- NANTUCKET ATHENEUM (EIN 04-2104412)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-03-24
- IRS object ID
- 201610849349300211
- Schema version
- 2014v6.0
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-03-24T10:44:49-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043037870 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1Txt |
| City | WORCESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104412 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NANTUCKET ATHENEUM INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NANT | BusinessNameControlTxt |
| Phone | 5082281110 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 808 | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MOLLY ANDERSON | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 5082281110 | PhoneNum |
| Signature | 2016-03-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BARBARA E KING | PreparerPersonNm |
| PTIN | P00005629 | PTIN |
| Phone | 5087557107 | PhoneNum |
| Preparation | 2016-03-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MOLLY ANDERSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE INDIA STREET PO BOX 808 | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,660,780 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NANTUCKETATHENEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1834 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE NANTUCKET ATHENEUM MAINTAINS CIRCULATING, CHILDREN'S, AND RESEARCH LIBRARIES AS WELL AS AN EXTENSIVE COLLECTION OF ARTWORK AND EXHIBITS ON DISPLAY TO THE PUBLIC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 30 | TotalEmployeeCnt |
| Total Volunteers | 127 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,847,166 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,676,293 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,471 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,356 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,172,384 | PYInvestmentIncomeAmt |
| CY Investment Income | $750,352 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$173,587 | PYOtherRevenueAmt |
| CY Other Revenue | $20,511 | CYOtherRevenueAmt |
| PY Total Revenue | $5,874,434 | PYTotalRevenueAmt |
| CY Total Revenue | $3,476,512 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,131,372 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,320,753 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $374,384 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,081,764 | PYOtherExpensesAmt |
| CY Other Expenses | $1,220,660 | CYOtherExpensesAmt |
| PY Total Expenses | $2,213,136 | PYTotalExpensesAmt |
| CY Total Expenses | $2,541,413 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,661,298 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $935,099 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $20,363,096 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,582,107 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $63,426 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $59,978 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,299,670 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $20,522,129 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE NANTUCKET ATHENEUM, A PRIVATE NON-PROFIT ORGANIZATION PROVIDES PUBLIC LIBRARY SERVICE TO THE ISLAND'S YEAR-ROUND AND SEASONAL RESIDENTS, HOUSED IN A HISTORIC 1847 BUILDING AND THE WEEZIE LIBRARY FOR CHILDREN. THE ATHENEUM COLLECTS, ORGANIZES AND DISSEMINATES BOOKS, LITERATURE AND OTHER MATERIALS IN A VARIETY OF FORMATS TO HELP USERS OF ALL AGES MEET THEIR RECREATIONAL, PERSONAL, PROFESSIONAL AND INTELLECTUAL NEEDS. IN KEEPING WITH ITS HERITAGE, THE ATHENEUM ALSO SERVES AS A CULTURAL CENTER FOR THE NANTUCKET COMMUNITY BY SPONSORING EDUCATIONAL PROGRAMMING AND MAINTAINING SPECIAL COLLECTIONS RELATED TO THE HISTORY AND CULTURE OF THE ISLAND. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,729,713 | ExpenseAmt |
| Revenue | $59,025 | RevenueAmt |
| Desc | OPERATION OF A PUBLIC LIBRARY FOR THE TOWN OF NANTUCKET | Desc |
| Total Program Service Expenses | $1,729,713 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 30 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | 0 | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | 0 | TaxableDistributionsInd |
| Distribution To Donor | 0 | DistributionToDonorInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOLLY ANDERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5082281110 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 INDIA STREET | AddressLine1Txt |
| City | NANTUCKET | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02554 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| WILLIAM E HANNUM III | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN BOARDMAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BONNIE MCCAUSLAND | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DOUGLASS N ELLIS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BARBARA FIFE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SAMUEL BAILEY JR | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TIMOTHY M GEORGE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALLAN LAFRANCE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANNYE CAMARA | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| A STEVEN PERELMAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JAY WILSON | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JANE TYLER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ORLA MURPHY-LASCOLA | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PORTER G DAWSON | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BARBARA JONES | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BONNIE J SACERDOTE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEANNE C MILLER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BERNARD L SWAIN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| RHOADS ZIMMERMAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH MCHENRY | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CATHY WEINROTH | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID ROSS | ||||||
| TREASURER | 4.00 | $0 | $0 | $0 | Yes (X) | |
| ROBERT GREENSPON | ||||||
| CHAIR | 10.00 | $0 | $0 | $0 | Yes (X) | |
| WILLIAM SPEARS | ||||||
| VICE CHAIRMAN | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MARCIA P WELCH | ||||||
| SECRETARY | 2.00 | $0 | $0 | $0 | Yes (X) | |
| MOLLY ANDERSON | ||||||
| EXECUTIVE DIRECTOR | 37.50 | $172,079 | $0 | $9,226 | Yes (X) | |
| KILEY FITCH | ||||||
| FINANCE MANAGER | 25.00 | $55,197 | $0 | $15,008 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $227,276 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $24,234 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $598,824 | FundraisingAmt |
| Government Grants | $740,233 | GovernmentGrantsAmt |
| All Other Contributions | $1,337,236 | AllOtherContributionsAmt |
| Total Contributions | $2,676,293 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAMS | Desc |
| Business | 713990 | BusinessCd |
| Total Revenue Column | $29,356 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,356 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,356 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $739,420 | TotalRevenueColumnAmt |
| Exclusion | $739,420 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,250 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,250 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,250 | TotalRevenueColumnAmt |
| Exclusion | $1,250 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,800,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,789,068 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,932 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,932 | TotalRevenueColumnAmt |
| Exclusion | $10,932 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $384,792 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $598,824 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $395,200 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$10,408 | TotalRevenueColumnAmt |
| Exclusion | -$10,408 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $23,667 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,667 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,667 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER | Desc |
| Business | 713990 | BusinessCd |
| Total Revenue Column | $6,002 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,002 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,002 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,476,512 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $59,025 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $741,194 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073,494 | TotalAmt |
| Program Services | $629,001 | ProgramServicesAmt |
| Management And General | $271,298 | ManagementAndGeneralAmt |
| Fundraising | $173,195 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,823 | TotalAmt |
| Program Services | $114,340 | ProgramServicesAmt |
| Management And General | $9,267 | ManagementAndGeneralAmt |
| Fundraising | $37,216 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,436 | TotalAmt |
| Program Services | $53,024 | ProgramServicesAmt |
| Management And General | $17,574 | ManagementAndGeneralAmt |
| Fundraising | $15,838 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,252 | TotalAmt |
| Program Services | $3,192 | ProgramServicesAmt |
| Management And General | $45,252 | ManagementAndGeneralAmt |
| Fundraising | $32,808 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,212 | TotalAmt |
| Program Services | $14,373 | ProgramServicesAmt |
| Management And General | $852 | ManagementAndGeneralAmt |
| Fundraising | $4,987 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,025 | TotalAmt |
| Program Services | $18,655 | ProgramServicesAmt |
| Management And General | $6,466 | ManagementAndGeneralAmt |
| Fundraising | $10,904 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,785 | TotalAmt |
| Program Services | $288,706 | ProgramServicesAmt |
| Management And General | $16,040 | ManagementAndGeneralAmt |
| Fundraising | $16,039 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,262 | TotalAmt |
| Program Services | $14,816 | ProgramServicesAmt |
| Management And General | $15,375 | ManagementAndGeneralAmt |
| Fundraising | $38,071 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,639 | TotalAmt |
| Program Services | $355,175 | ProgramServicesAmt |
| Management And General | $19,732 | ManagementAndGeneralAmt |
| Fundraising | $19,732 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| BOOKS, PERIODICALS & FI | $121,970 | $121,970 | ||
| PROGRAMS & EVENTS | $73,950 | $70,264 | $3,686 | |
| MEMBERSHIPS - CLAMS | $35,566 | $35,341 | $225 | |
| OTHER EXPENSES | $32,394 | $3,416 | $28,978 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,605 | TotalAmt |
| Program Services | $10,856 | ProgramServicesAmt |
| Management And General | $6,257 | ManagementAndGeneralAmt |
| Fundraising | $18,492 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,541,413 | TotalAmt |
| Program Services | $1,729,713 | ProgramServicesAmt |
| Management And General | $437,316 | ManagementAndGeneralAmt |
| Fundraising | $374,384 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,038,148 | BOYAmt |
| EOY | $3,060,232 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,647,878 | BOYAmt |
| EOY | $1,460,067 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $528,542 | BOYAmt |
| EOY | $541,192 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,161 | BOYAmt |
| EOY | $43,192 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,961,226 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,401,735 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,429,022 | BOYAmt |
| EOY | $2,559,491 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,690,345 | BOYAmt |
| EOY | $12,917,932 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,363,096 | BOYAmt |
| EOY | $20,582,107 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,426 | BOYAmt |
| EOY | $59,978 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,426 | BOYAmt |
| EOY | $59,978 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,295,215 | BOYAmt |
| EOY | $8,366,996 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,588,317 | BOYAmt |
| EOY | $6,219,217 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,416,138 | BOYAmt |
| EOY | $5,935,916 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,299,670 | BOYAmt |
| EOY | $20,522,129 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,363,096 | BOYAmt |
| EOY | $20,582,107 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $935,099 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$712,640 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,231,298 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,324,995 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,496,234 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,847,166 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,676,293 | CurrentTaxYearAmt |
| Total | $17,575,986 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,231,298 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,324,995 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,496,234 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,847,166 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,676,293 | CurrentTaxYearAmt |
| Total | $17,575,986 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,433,893 | SubstantialContributorsTotAmt |
| Public Support Total170 | $16,142,093 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $297,814 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $285,328 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $365,970 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,172,384 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $739,420 | CurrentTaxYearAmt |
| Total | $2,860,916 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $20,436,902 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $343,524 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.78990 | PublicSupportCY170Pct |
| Public Support PY170 | 0.79870 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,822,297 | BeginningYearBalanceAmt |
| Contributions | $432,429 | ContributionsAmt |
| Investment Earnings Or Losses | $29,302 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $10,284,028 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,761,903 | BeginningYearBalanceAmt |
| Contributions | $100 | ContributionsAmt |
| Investment Earnings Or Losses | $1,060,294 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $9,822,297 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,527,468 | BeginningYearBalanceAmt |
| Contributions | $673,276 | ContributionsAmt |
| Investment Earnings Or Losses | $878,723 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $317,564 | OtherExpendituresAmt |
| End Year Balance | $8,761,903 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,442,092 | BeginningYearBalanceAmt |
| Contributions | $378,541 | ContributionsAmt |
| Investment Earnings Or Losses | $18,139 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $311,304 | OtherExpendituresAmt |
| End Year Balance | $7,527,468 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,731,956 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,033,186 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $323,050 | OtherExpendituresAmt |
| End Year Balance | $7,442,092 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.45680 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.54320 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,000 | OtherCostOrOtherBasisAmt |
| Book Value | $20,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,068,643 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,687,934 | DepreciationAmt |
| Book Value | $2,380,709 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $872,583 | OtherCostOrOtherBasisAmt |
| Depreciation | $713,801 | DepreciationAmt |
| Book Value | $158,782 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,559,491 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EQUITY BASED MUTUAL FUNDS | Desc |
| Book Value | $12,917,932 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,917,932 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,763,872 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$712,640 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$712,640 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,476,512 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,476,512 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,541,413 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,541,413 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,541,413 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 ATHENEUM 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 ATHENEUM 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: | THE ATHENEUM HAS A LARGE COLLECTION OF MATERIALS ABOUT NANTUCKET ISLAND, INCLUDING BOOKS, PAMPHLETS, NEWSPAPERS, LOGBOOKS, LETTERS AND EVEN AN HISTORIC COLLECTION OF BOOKS THAT WERE READ BY PATRONS OVER 100 YEARS AGO. THE ATHENEUM ACTIVELY COLLECTS NEW PUBLICATIONS AS WELL AS OUT OF PRINT ITEMS. NANTUCKET TITLES WITH OVER 700 TITLES AND GROWING, FROM DE CREVECOUR'S 1782 DESCRIPTION OF THE ISLAND IN LETTERS FROM AN AMERICAN FARMER TO NAT PHILBRICK'S IN THE HEART OF THE SEA, THE ATHENEUM STRIVE'S TO MAINTAIN THE BEST COLLECTION OF PRINTED MATERIAL ABOUT THE ISLAND AND ITS INHABITANTS. HISTORIC NEWSPAPERS THE COLLECTION OF NANTUCKET NEWSPAPERS DATES BACK TO 1816, THE YEAR OF THE PUBLICATION OF THE NANTUCKET GAZETTE AND CONTINUES TODAY WITH NANTUCKET'S WEEKLY NEWSPAPER THE INQUIRER AND MIRROR. THIRTY-SIX OF THE NEWSPAPERS EXISTED IN THE INTERIM. THE ATHENEUM PRESERVE'S ORIGINAL COPIES OF THESE PAPERS. HISTORIC NEWSPAPERS FROM 1816 THROUGH 2013 HAVE BEEN DIGITIZED AND ARE AVAILABLE TO THE PUBLIC ON-LINE. MANUSCRIPT COLLECTION THE ATHENEUM HAS A SMALL BUT IMPORTANT COLLECTION OF SHIP'S LOGS, JOURNALS, LETTERS AND OTHER DOCUMENTS RELATING TO NANTUCKET. |
| PART V, LINE 4: | THE ATHENEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ATHENEUM CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL 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 TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ATHENEUM 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 ATHENEUM CAN CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND THE PURPOSES OR 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 INVESMENTS OTHER RESOURCES OF THE ORGANIZATION THE INVESTMENT POLICIES OF THE ORGANIZATION THE ATHENEUM HAS ADOPTED INVESTMENT AND 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, AS APPROVED BY THE BOARD, THE ATHENEUM'S FINANCE 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 ATHENEUM 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 ATHENEUM HAS INVESTED IN MUTUAL FUNDS DESIGNATED FOR INSTITUTIONS 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 ATHENEUM HAS A POLICY OF BUDGETING 5% OF THE ENDOWMENT'S AVERAGE QUARTERLY MARKET VALUE OVER THE PREVIOUS 12 QUARTERS FOR ITS OPERATIONS. ACTUAL WITHDRAWALS FROM THE ENDOWMENT'S INVESTMENTS MAY EXCEED OR FALL BELOW THIS AMOUNT AS DICTATED BY THE ORGANIZATION'S CASH FLOW FROM ALL SOURCES. IN ESTABLISHING THIS POLICY, THE ATHENEUM HAS CONSIDERED THE LONG-TERM EXPECTED REAL RETURN THAT IS CONSISTENT WITH THE OBJECTIVE OF MAINTAINING THE INFLATION-ADJUSTED PURCHASING POWER OF THE 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 ATHENEUM 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. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2015. |
| PART X, LINE 2: | MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE ATHENEUM'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | TURKEY PLUNGE | Event1Nm |
| Gross Receipts Event1 | $105,633 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $105,633 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $20,673 | OtherDirectExpensesEvent1Amt |
| Event2 | DANCE FESTIVAL | Event2Nm |
| Gross Receipts Event2 | $877,983 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $598,824 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $279,159 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $374,527 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $983,616 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $598,824 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $384,792 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $395,200 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $395,200 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$10,408 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MOLLY ANDERSON | PersonNm |
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Base Compensation Filing Org | $172,079 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $3,509 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $5,717 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $181,305 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MOLLY ANDERSON | PersonNm |
| Relationship With Org | EXECUTIVE DIRECTOR | RelationshipWithOrgTxt |
| Loan Purpose | MORTGAGE TO PURCHASE HOME | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $0 | OriginalPrincipalAmt |
| Balance Due | $541,192 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $541,192 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 15 | ContributionCnt |
| Noncash Contributions Rpt F990 | $97,057 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY. THE CFO WILL ASSEMBLE ALL QUESTIONS AND COMMENTS AND RESOLVE PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION DETERMINED BY A COMMITTEE OF THE BOARD AND INCLUDES REFERENCE TO COMPENSATION LEVELS AT SIMILAR NPF ON THE ISLAND. |
| FORM 990, PART VI, SECTION C, LINE 19 | REQUESTS FOR REVIEW OF THE FORM 990 ARE FORWARDED TO THE CFO TO MAKE ARRANGEMENT FOR REVIEW. |