2015-11-09T14:39:14-06:00 2014-12-31 043018997 FULCHINO O'REILLY & COMPANY PC 155 MIDDLESEX TURNPIKE BURLINGTON MA 01803 990 2014-01-01 042725296 FEATHERSTONE CENTER FOR THE ARTS INC FEAT 5086931850 P O BOX 1145 OAK BLUFFS MA 02557 ANN SMITH EXECUTIVE DIRECTOR 5086931850 2015-11-06 1 THOMAS P FULCHINO CPA P00151920 7812705800 2015-11-06 2014 2016-03-07 17:11:31Z ANN SMITH PO BOX 1145 OAK BLUFFS MA 02557 717610 0 X WWW.FEATHERSTONEART.ORG X 1980 MA A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR VINEYARDERS AND VISITORS OF ALL AGES. 17 17 3 50 17090 -1930 175379 256027 124419 151571 26071 35454 106861 147652 432730 590704 0 0 0 0 109169 121600 0 0 98339 351927 383473 461096 505073 -28366 85631 1242086 1327945 9591 13740 1232495 1314205 THE FEATHERSTONE CENTER FOR THE ARTS IS A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR VINEYARDERS AND VISITORS OF ALL AGES. 0 0 342868 141279 PROVIDES YEAR-ROUND ARTS PROGRAMS, CLASSES AND CAMPS FOR VINEYARDERS AND VISITORS OF ALL AGES AS WELL AS PROVIDES MANY DIVERSE WORKSHOPS WHICH ARE LED BY PROFESSIONALS IN A VARIETY OF ARTISTIC FIELDS. 342868 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 3 1 1 1 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ANN SMITH 5086931850 P O BOX 1145 OAK BLUFFS MA 02557 PAMELA FLAM PRESIDENT 2.00 X X 0 0 0 CONSTANCE WILLIAMS VICE-PRESIDENT 2.00 X X 0 0 0 ELIZABETH OAKES VICE-PRESIDENT 2.00 X X 0 0 0 PETER GETSINGER TREASURER 2.00 X X 0 0 0 MARILYN WORTMAN SECRETARY/CLERK 2.00 X X 0 0 0 NANCY CARABOOLAD BOARD MEMBER 2.00 X 0 0 0 JEAN MCCARTHY BOARD MEMBER 2.00 X 0 0 0 JUDY MCCONNELL BOARD MEMBER 2.00 X 0 0 0 MARTHA ADLEMAN BOARD MEMBER 2.00 X 0 0 0 CARYL DEARING BOARD MEMBER 2.00 X 0 0 0 ANNE BESSE SHEPHERD BOARD MEMBER 2.00 X 0 0 0 JOHN GOLDTHWAIT BOARD MEMBER 2.00 X 0 0 0 KATE HANCOCK BOARD MEMBER 2.00 X 0 0 0 KATHY POGUE BOARD MEMBER 2.00 X 0 0 0 DEBBIE HALE BOARD MEMBER 2.00 X 0 0 0 MARY SULLIVAN BOARD MEMBER 2.00 X 0 0 0 JUDY CUNNIFFE BOARD MEMBER 2.00 X 0 0 0 ANN SMITH EXECUTIVE DIRECTOR 40.00 X 65000 0 5248 65000 0 5248 0 0 0 0 0 3295 252732 256027 WORKSHOPS AND CLASSES 611610 134481 134481 ART GALLERY 611610 17090 17090 151571 12770 12770 149590 126906 22684 22684 22684 140854 3295 0 140854 140854 OTHER MISC. EXEMPT INC 900099 6798 6798 6798 590704 141279 17090 176308 X 70248 59711 7025 3512 43537 37006 4354 2177 7815 6643 781 391 13155 13155 20632 12704 7928 36054 30846 3472 1736 15359 13070 763 1526 18093 14474 2714 905 CONTRACT LABOR 88436 80002 8434 SPECIAL EVENTS 76679 76679 SUPPLIES 30310 27377 2933 REPAIRS & MAINTENANCE 28483 24211 2848 1424 56272 49528 4683 2061 505073 342868 63866 98339 X 263339 223669 25939 13731 64216 54252 150871 258215 3460 6085 2015 435 853174 316572 550895 536602 470629 472356 1242086 1327945 9591 13740 9591 13740 X 1221006 1215991 11489 98214 1232495 1314205 1242086 1327945 X 85631 -3921 X 0 1 X 1 0 X 149478 181715 200029 175379 256027 962628 230444 242398 225566 201918 275335 1175661 379922 424113 425595 377297 531362 2138289 0 0 0 2138289 10944 12485 12719 25766 12770 74684 10944 12485 12719 25766 12770 74684 20791 25777 18319 17090 81977 3656 9280 5020 11043 6798 35797 394522 466669 469111 432425 568020 2330747 0.91740 0.92360 0.03200 0.03260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25150 25150 757912 254387 503525 70112 62185 7927 536602 OTHER MARKETABLE SECURITIES 472356 F 472356 X PART X, LINE 2: IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSTIONS, THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF DECEMBER 31, 2014 THE ORGANIZATION HAS NO UNCERTAIN TAX POSTIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE THEY WERE FILED. 2014 ANNUAL GALA 63433 3295 60138 FLEA MARKET 22830 22830 17 57886 57886 144149 3295 140854 140854 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS GOVERNED BY AN 17 MEMBER BOARD CONSISTING OF A 4 MEMBER EXECUTIVE COMMITTEE AND A 13 MEMBER REGULAR BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD MEMBERS ELECT THE OFFICERS AT EACH ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PRESIDENT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AT THE AUGUST BOARD MEETING, EACH BOARD MEMBER IS REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY A REVIEW AND APPROVAL OF THE BOARD OF DIRECTORS AND THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E INSURANCE: PROGRAM SERVICE EXPENSES 17,204. MANAGEMENT AND GENERAL EXPENSES 2,024. FUNDRAISING EXPENSES 1,012. TOTAL EXPENSES 20,240. UTILITIES: PROGRAM SERVICE EXPENSES 13,682. MANAGEMENT AND GENERAL EXPENSES 1,610. FUNDRAISING EXPENSES 805. TOTAL EXPENSES 16,097. COST OF ARTWORK SOLD: PROGRAM SERVICE EXPENSES 10,388. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,388. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 4,899. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,899. TELEPHONE: PROGRAM SERVICE EXPENSES 2,553. MANAGEMENT AND GENERAL EXPENSES 300. FUNDRAISING EXPENSES 150. TOTAL EXPENSES 3,003. POSTAGE: PROGRAM SERVICE EXPENSES 802. MANAGEMENT AND GENERAL EXPENSES 47. FUNDRAISING EXPENSES 94. TOTAL EXPENSES 943. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 527. LICENSES & PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INVESTMENTS -3,921.