2016-05-05T13:04:56-05:00 2015-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2014-07-01 042103993 THE CHILDRENS MUSEUM CHIL 6174266500 308 CONGRESS STREET BOSTON MA 02210 AMY AUERBACH SVP & CFO 6174266500 2016-05-03 1 ALFONSO PERILLO P00950491 6172276161 2016-05-03 2014 2016-08-17 19:52:53Z BOSTON CHILDREN'S MUSEUM AMY AUERBACH 308 CONGRESS STREET BOSTON MA 02210 12939155 0 X BOSTONCHILDRENSMUSEUM.ORG X 1913 MA BOSTON CHILDREN'S MUSEUM ENGAGES CHILDREN AND FAMILIES IN JOYFUL DISCOVERY EXPERIENCES THAT INSTILL AN APPRECIATION OF OUR WORLD, DEVELOP FOUNDATIONAL SKILLS, AND SPARK A LIFELONG LOVE OF LEARNING. BOSTON CHILDREN'S MUSEUM IS A WELCOMING, IMAGINATIVE, CHILD-CENTERED LEARNING ENVIRONMENT THAT SUPPORTS DIVERSE FAMILIES IN NUTURING THEIR CHILDREN'S CREATIVITY AND CURIOSITY. WE PROMOTE THE HEALTHY DEVELOPMENT OF ALL CHILDREN SO THAT THEY WILL FULFILL THEIR POTENTIAL AND CONTRIBUTE TO OUR COLLECTIVE WELLBEING AND FUTURE PROSPERITY. 26 26 156 850 -29569 -29569 3616390 4198634 4627054 4366775 1790768 1140992 -33807 236494 10000405 9942895 0 0 0 0 3188565 3368685 50925 123610 417697 5937580 5602789 9177070 9095084 823335 847811 63419709 62679389 18026348 17719800 45393361 44959589 X SEE SCHEDULE O - FORM 990 PART I LINE 1 0 0 2905887 2871554 VISITOR PROGRAMS OFFER INFORMAL AND FORMAL LEARNING EXPERIENCES FOR FAMILIES, SCHOOL, AFTER-SCHOOL AND COMMUNITY GROUPS. 2181333 67066 EDUCATION PROGRAMS INCLUDE SIGNIFICANT FOCUS ON PRE-SCHOOL, EARLY CHILDHOOD EDUCATION AND SCHOOL READINESS AS WELL AS "STEM" PROGRAMS FOR OLDER KIDS. 2027461 32000 EXHIBITS PROVIDE INNOVATIVE, HANDS-ON, EDUCATIONAL AND ENGAGING ACTIVITIES FOCUSED ON SCIENCE AND MATH, CULTURE, ENVIRONMENTAL AWARENESS, HEALTH AND THE ARTS. 272781 1396156 MEMBERSHIPS 272781 1396156 7387462 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 128 0 1 156 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X AMY AUERBACH 6174266500 308 CONGRESS STREET BOSTON MA 02210 DR MICHAEL W YOGMAN TRUSTEE, CHAIRMAN 3.80 X X 0 0 0 PATRICIA A PARCELLIN TRUSTEE, VICE CHAIR 0.80 X X 0 0 0 CHRISTOPHER C THOMPSON TRUSTEE, ASSISTANT TREASURER 0.50 X X 0 0 0 LINDA K CARLISLE TRUSTEE, SECRETARY 0.50 X X 0 0 0 KAREN G BAROODY TRUSTEE 0.40 X 0 0 0 ROGER S BERKOWITZ TRUSTEE 0.40 X 0 0 0 ANTHONY BORDON TRUSTEE 0.40 X 0 0 0 DAVID CRAWFORD TRUSTEE 0.40 X 0 0 0 MARY CULLINANE TRUSTEE 0.40 X 0 0 0 NIRAV DAGLI TRUSTEE 0.50 X 0 0 0 DR WING DELATORRE TRUSTEE 0.40 X 0 0 0 MARK L DINAPOLI TRUSTEE 0.50 X 0 0 0 WENDY FISCHMAN TRUSTEE 0.40 X 0 0 0 CYNTHIA FISH TRUSTEE 0.40 X 0 0 0 DAVID HEALY TRUSTEE 0.40 X 0 0 0 JASON JANOFF TRUSTEE 0.40 X 0 0 0 DEBORAH JOELSON TRUSTEE 0.50 X 0 0 0 MICHAEL B KEATING TRUSTEE 0.40 X 0 0 0 MADGE MEYER TRUSTEE 0.40 X 0 0 0 BHASKER NATARAJAN TRUSTEE 0.40 X 0 0 0 JILL SILVERSTEIN TRUSTEE,SECRETARY 0.50 X X 0 0 0 ERICA G PAPPENDICK TRUSTEE 0.40 X 0 0 0 LIAM PATRICK TRUSTEE 0.40 X 0 0 0 JANE POST TRUSTEE 0.40 X 0 0 0 JAMES ROONEY TRUSTEE 0.40 X 0 0 0 JAN SMITH TRUSTEE 0.50 X 0 0 0 CHRISTOPHER YENS TRUSTEE 0.40 X 0 0 0 THOMAS MCCROREY TRUSTEE/TREASURER 0.50 X X 0 0 0 JOSEPH CHOW TRUSTEE 0.40 X 0 0 0 RICK DIMINO TRUSTEE 0.40 X 0 0 0 CAROLE CHARNOW PRESIDENT/CEO 35.00 X 223969 0 17578 AMY AUERBACH SVP/CFO 35.00 X 130121 0 13885 ALLYSON CLANCY ASSISTANT SECRETARY 35.00 X 11367 0 55 BRENNA KELLY ASSISTANT SECRETARY 35.00 X 25926 0 201 LESLIE SWARTZ SVP PROGRAMMING & RESEARCH 35.00 X 108468 0 12329 GERALDINE ROBINSON VP EARLY CHILDHOOD 35.00 X 103962 0 10235 603813 0 54283 4 0 1 0 ACP CLEANING INC PO BOX 2411 WOBURN MA 01888 MUSEUM & TENANT CLEANING 631917 CB RICHARD ELLISNE PARTNERS 33 ARCH STREET 10TH FLOOR BOSTON MA 02110 PROPERTY MANAGEMENT 391221 SECURITAS SECURITY SERVICES US 77 SUMMER STREET 4TH FLOOR BOSTON MA 02110 MUSEUM & BUILDING SECURITY 290363 CUSTOM COMPUTER SPECIALISTS INC 70 SUFFOLK COURT HAUPPAUGE NY 11788 IT & NETWORK MONITORING SERVICES 147603 ALLEGHENY CONTRACT 36 HOLTON STREET WINCHESTER MA 01890 EXHIBIT REPAIRS 141529 6 537654 462300 3198680 275755 4198634 ADMISSIONS 900099 2644605 2644605 MEMBERSHIPS 900099 1396156 1396156 PROGRAM FEES 900099 296014 292590 3424 TRAVELING EXHIBITS 900099 30000 30000 4366775 170647 170647 2071414 2138731 -67317 -67317 -32993 -34324 1625967 655622 970345 970345 970345 61320 537654 201907 -140587 -140587 ANCILLARY SERVICES 900099 444398 444398 444398 9942895 4807749 -29569 966081 449697 348465 101232 2446641 2046018 329267 71356 35271 26359 8714 198 235006 166176 58528 10302 202070 150359 42935 8776 12629 12629 42000 42000 123610 123610 328043 235132 50676 42235 514266 513460 431 375 220602 123559 79835 17208 206424 10622 192552 3250 2096886 1809662 277564 9660 43320 26435 15829 1056 10319 8156 1446 717 1902828 1763356 134685 4787 16378 6862 9516 MATERIALS AND SUPPLIES 123402 119862 2695 845 BANK AND OTHER FEES 102915 98119 4491 305 EQUIPMENT RENTAL- REPAI 68847 49483 19364 PROFESSIONAL DEVELOPMEN 19853 3846 16007 -105923 229996 -357704 21785 9095084 7387462 1289925 417697 5123832 6355948 1405222 2013291 226968 253763 78363 62062 64672359 27300183 39228869 37372176 16820917 16017077 535538 605072 63419709 62679389 1187600 1097300 16500000 16250000 271549 281868 67199 90632 18026348 17719800 X 33736918 32448544 7536435 8385851 4120008 4125194 45393361 44959589 63419709 62679389 X 847811 -1254719 -26864 X X 0 1 X 1 0 X 1952420 3659954 2246408 3616390 4198634 15673806 4335750 4637713 5044312 4932564 4869069 23819408 6288170 8297667 7290720 8548954 9067703 39493214 290959 106535 211941 121174 121919 852528 0 290959 106535 211941 121174 121919 852528 38640686 2194353 2083983 2074937 2251675 2242061 10847009 2194353 2083983 2074937 2251675 2242061 10847009 8482523 10381650 9365657 10800629 11309764 50340223 0.76760 0.75520 0.21550 0.22690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 18557241 2585110 -114621 1948511 19079219 17216502 1389957 2030639 2079857 18557241 15563254 1059983 1800499 1207234 17216502 16323304 2296125 76659 3132834 15563254 16967657 820770 2426583 3891706 16323304 0.34430 0.21620 0.43950 0 0 3331193 3331193 46126116 15936641 30189475 2586902 1656781 930121 12628148 9706761 2921387 37372176 DERIVATIVE FINANCIAL INSTRUMENTS 90632 90632 11045383 -1254719 5596 10973 -1238150 12283533 -2340638 -2340638 9942895 11479155 5596 2378475 2384071 9095084 0 9095084 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, THE VALUE OF PROPERTY DONATED FOR THE MUSEUM COLLECTION IS NOT REFLECTED ON THE STATEMENT OF FINANCIAL POSITION. THE COLLECTION IS DEEMED INEXHAUSTIBLE. THE COLLECTION IS MAINTAINED FOR EDUCATION AND RESEARCH AND FURTHERANCE OF THE MUSEUM'S GOALS RATHER THAN FINANCIAL GAIN. THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED AND IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT ENCOURAGES PERMANENT POSSESSION. PART III, LINE 4: BOSTON CHILDRENS MUSEUM HAS BEEN A COLLECTING INSTITUTION SINCE ITS BEGINNING IN 1913 AND TODAY THE COLLECTIONS NUMBER APPROXIMATELY 50,000 OBJECTS, INCLUDING CULTURAL ARTIFACTS AND NATURAL HISTORY SPECIMENS, WHICH CAN BE BROKEN INTO SIX MAIN COLLECTING AREAS: NATIVE AMERICAN, JAPANESE, AMERICANA, GLOBAL DOLLS, GENERAL CULTURAL COLLECTIONS, AND NATURAL HISTORY. THE COLLECTION IS MOST FREQUENTLY USED TO ENHANCE MUSEUM EXHIBITS, FOR SCHOLARLY RESEARCH, AS WELL AS EDUCATIONAL PROGRAMMING. PART V, LINE 4: THE ORGANIZATION'S TERM ENDOWMENTS ARE USED FOR THE FOLLOWING PURPOSES: 1) CAPITAL CAMPAIGN, 2) EXHIBITS 3) CAPITAL IMPROVEMENTS AND 4) OTHER PROGRAMS. THE MUSEUM USES ITS PERMANENT ENDOWMENTS IN ACCORDANCE WITH UPMIFA AND SPENDS FOUR-AND-A-HALF PERCENT OF THE AVERAGE OF THE FMV OF EACH OF THE PREVIOUS 12 QUARTERS TO SUPPORT CURRENT OPERATIONS. THE BOARD-DESIGNATED AND QUASI-ENDOWMENTS ARE USED AT THE BOARD'S DISCRETION. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467 34,406. UNREALIZED LOSS ON DERIVATIVE INSTRUMENTS -23,433. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -2,138,731. DIRECT EXPENSES OF FUNDRAISING EVENTS -201,907. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,138,731. BAD DEBT FROM UNCOLLECTIBLE PLEDGES 37,837. DIRECT EXPENSES OF FUNDRAISING EVENTS 201,907. X X X X X X 1 CREATIVE DEVELOPMENT STRATEGIES 90 ELMWOOD ROAD WELLESLEY MA 02481 EVENT PLANNING & FUNDRAISING 0 0 0 114000 114000 MA GALA 580699 519379 61320 118426 732 5750 75959 BAC FUNRAISER 18275 18275 69 971 598974 537654 61320 118495 732 5750 76930 201907 -140587 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE MUSEUM PAID THE PROFESSIONAL FUNDRAISER TO HELP PLAN AND ORGANIZE THE GALA EVENT AND DO OTHER GENERAL FUNDRAISING FOR THINGS SUCH AS THE ANNUAL FUND. X X X X X 0 0 0 0 0 0 0 0 0 CAROLE CHARNOW PRESIDENT/CEO 223969 0 0 0 0 0 9288 0 8290 0 241547 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431181 57583RGQ2 2006-09-25 SEE SCHEDULE K, PAGE 2, PART V 0 0 0 A 6921695 30000000 396523 22681782 2007 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 0 0 A 0 SCHEDULE K, PART I, ITEM A, COLUMN F DESCRIPTION OF BOND PURPOSE TO FINANCE AND REFINANCE THE CAPITAL COSTS OF THE: A)ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF THE BORROWER'S FACILITIES; B) PROJECTS ORIGINALLY FINANCED WITH SERIES 2001 BONDS; AND C) CERTAIN COSTS OF ISSUANCE. X 10 275755 MARKET QUOTATIONS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE AND AUDIT COMMITTEES ARE THE GOVERNING BODIES THAT HAVE RESPONSIBILITY FOR REVIEWING THE FORM 990. THIS FORM WAS DISTRIBUTED BY EMAIL TO THESE COMMITTEES PRIOR TO THE FILING DATE, LEAVING TIME FOR QUESTIONS AND COMMENTS. IN ADDITION, THE ENTIRE BOARD OF TRUSTEES ALSO RECEIVES A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE MUSEUM ASKS ALL THE TRUSTEES AND OFFICERS TO REVIEW AND EXECUTE A CONFLICT OF INTEREST POLICY STATEMENT. IT IS THE RESPONSIBILITY OF THE PRESIDENT/CEO AND THE BOARD CHAIR TO REVIEW AND DISCLOSE CONFLICTS AND HANDLE THE MATTER AS HE OR SHE DEEMS APPROPRIATE. THE CONFLICT OF INTEREST POLICY STATEMENT ALSO OBLIGATES EACH FIDUCIARY, ON AN ONGOING BASIS, TO REPORT ANY CONFLICTS EITHER EXISTING OR PERCEIVED TO THE PRESIDENT/CEO OR BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR REVIEWING AND DETERMINING THE CEO'S COMPENSATION IS AS FOLLOWS: THERE IS AN AD HOC COMPENSATION COMMITTEE, WHICH IS A SUBSET OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND CONVENES TO REVIEW MARKET DATA FOR THIS POSITION. BASED ON THIS REVIEW, A COMPENSATION PACKAGE WAS AGREED UPON. THIS PROCESS WAS ADOPTED IN THE FALL OF 2008. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON DERIVATIVE INSTRUMENTS -23,433. BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467 34,406. BAD DEBT FROM UNCOLLECTIBLE PLEDGES -37,837. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE MUSEUM'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.