2015-11-16T11:06:44-06:00 2014-12-31 043023027 VERDOLINO & LOWEY PC 124 WASHINGTON ST SUITE 101 FOXBOROUGH MA 02035 990 2014-01-01 270963869 EDWARD M KENNEDY INSTITUTE FOR THE UNITED STATES SENATE INC EDWA 6177407000 COLUMBIA POINT 210 MORRISSEY BLVD BOSTON MA 021253314 JEAN MACCORMACK PRESIDENT 6177407000 2015-11-13 1 SUSAN M PACHECO CPA P00015143 5085431720 2014 2016-02-25 16:41:14Z JEAN MACCORMACK COLUMBIA POINT 210 MORRISSEY BLVD BOSTON MA 02125 22744349 0 X EMKINSTITUTE.ORG X 2009 MA THE EDWARD M. KENNEDY INSTITUTE IS COMMITTED TO INVIGORATING PUBLIC DISCOURSE, (CONTINUED ON SCH O) (CONTINUED FROM 990 PAGE 1) ENCOURAGING PARTICIPATORY DEMOCRACY, AND INSPIRING THE NEXT GENERATION OF CITIZENS AND LEADERS TO ENGAGE IN THE PUBLIC SQUARE. OPENING TO THE PUBLIC IN MARCH 2015, THE SITE WILL BE A DYNAMIC CENTER OF NON-PARTISAN LEARNING AND ENGAGEMENT THAT WILL UTILIZE CUTTING-EDGE TECHNOLOGY TO PROVIDE EACH VISITOR WITH A UNIQUE AND INFORMATION-RICH, PERSONALIZED EXPERIENCE THAT WILL BRING HISTORY TO LIFE. 16 16 69 0 0 0 2081829 6037383 0 0 2129130 3811339 229950 32289 4440909 9881011 0 0 0 0 1665376 3378537 0 0 673499 2099904 5538860 3765280 8917397 675629 963614 96951645 96572844 95070 362613 96856575 96210231 X THE EDWARD M. KENNEDY INSTITUTE IS COMMITTED TO INVIGORATING PUBLIC DISCOURSE, ENCOURAGING PARTICIPATORY DEMOCRACY, AND INSPIRING THE NEXT GENERATION OF CITIZENS AND LEADERS TO ENGAGE IN THE PUBLIC SQUARE. (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 2) GROUNDBREAKING FOR THE FACILITY OCCURED IN APRIL 2011. OPENING TO THE PUBLIC IN MARCH 2015, THE SITE WILL BE A DYNAMIC CENTER OF NON-PARTISAN LEARNING AND ENGAGEMENT THAT WILL UTILIZE CUTTING-EDGE TECHNOLOGY TO PROVIDE EACH VISITOR WITH A UNIQUE AND INFORMATION-RICH, PERSONALIZED EXPERIENCE THAT WILL BRING HISTORY TO LIFE. 0 0 6696268 FINALIZE, TEST WITH PARTICIPANTS AND FINISH BUILDING THE EDUCATIONAL PROGRAMS, EXHIBITS, AND TECHNOLOGY THAT COMPRISE THE INSTITUTE WHICH OPENED IN 2015. THIS INCLUDED FOCUS GROUPS WITH STUDENTS AND TEACHERS TO HONE THE EDUCATIONAL PROGRAMS. DURING 2014, CONSTRUCTION OF THE 68,000 SQ FT FACILITY WAS COMPLETED ALLOWING FOR ADMINISTRATIVE AND OPERATIONAL OFFICES TO BE LOCATED IN THE BUILDING. WE CONTINUED TO PREPARE FOR THE FACILITY OPENING BY HIRING AND TRAINING NEEDED STAFF FOR THE VISITOR EXPERIENCE. EFFORTS WERE MADE IN THE PLANNING OF THE INSTITUTE'S OPENING AND DEDICATION INCLUDING MARKETING AND OUTREACH INITIATIVES. 6696268 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 74 0 1 69 1 0 0 0 0 0 0 0 0 0 0 X 16 16 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X KEITH D LOWEY CUSTODIAN 5085431720 124 WASHINGTON STREET SUITE 101 FOXBOROUGH MA 02035 A LEE FENTRESS DIRECTOR 3.00 X 0 0 0 BARBARA A SOULIOTIS DIRECTOR 3.00 X 0 0 0 VICTORIA REGGIE KENNEDY DIRECTOR/PRESIDENT OF THE BOARD 12.00 X 0 0 0 NICK LITTLEFIELD SECRETARY/DIRECTOR 2.00 X X 0 0 0 RANNY COOPER TREASURER/DIRECTOR 3.50 X X 0 0 0 J KEITH MOTLEY DIRECTOR 5.00 X 0 0 0 FRED A SEIGEL CHAIRMAN/DIRECTOR 7.50 X X 0 0 0 PATRICK KENNEDY DIRECTOR 2.00 X 0 0 0 ROBERT CARET DIRECTOR 3.50 X 0 0 0 THOMAS A DASCHLE DIRECTOR 0.50 X 0 0 0 TRENT LOTT DIRECTOR 0.50 X 0 0 0 RALPH MARTIN II DIRECTOR 1.00 X 0 0 0 LOUIS B SUSMAN DIRECTOR 0.50 X 0 0 0 HENRY M THOMAS III DIRECTOR 0.50 X 0 0 0 JAMES KARAM DIRECTOR 2.00 X 0 0 0 STEPHANIE CUTTER DIRECTOR 0.50 X 0 0 0 ANDREW H TARSY FORMER PRESIDENT 40.00 X 311983 0 22535 GRACIELA R MORENO-FRY VP OF OPERATIONS AND FINANCE 40.00 X 204073 0 23763 JEAN MACCORMACK PRESIDENT 24.00 X 74278 0 995 MAUREEN GRIECO VP OF DEVELOPMENT 40.00 X 164083 0 8482 BILLIE DEWALT EXECUTIVE VP & MUSEUM DIRECTOR 40.00 X 139365 0 2717 VIRGINIA M O'SULLIVAN SENIOR ADMINISTRATIVE DIRECTOR 40.00 X 125300 0 3834 PAUL S REHME DIRECTOR OF COMPLIANCE 40.00 X 107500 0 8062 KELLY BOVIO DIRECTOR OF GOVERNMENT RELATIONS 40.00 X 112897 0 21074 NELL BREYER DIRECTOR OF EDUCATION AND PROGRAMMING 40.00 X 134740 0 21680 1374219 0 113142 8 0 1 0 CONTROL GROUP INC 233 BROADWAY 21ST FLOOR NEW YORK NY 10279 PRODUCTION OF EXHIBIT & WEBSITE DESIGNER 4591114 ESI DESIGN CORPORATION 111 FIFTH AVE NEW YORK NY 10003 DESIGN SERVICES 603967 THREESPOT MEDIA LLC 3333 14TH STREET NW SUITE 300 WASHINGTON DC 20010 WEBSITE DESIGN 383514 FINN PARTNERS INC 301 EAST 57TH STREET NEW YORK NY 10022 PRODUCTION OF COMMUNICATIONS PROGRAMS 275166 DAN BOSIN ASSOCIATES 136 NORTH 3RD STREET PHILADELPHIA PA 19106 MANAGER OF EXHIBIT CONTRACTS 201538 5 6037383 449500 6037383 815468 815468 15859209 12863338 2995871 2995871 2995871 OTHER INCOME 900099 32289 32289 32289 9881011 0 0 3843628 1374219 867906 293557 212756 1485964 938481 317427 230056 33172 20950 7086 5136 268525 176374 59656 32495 216657 138789 46943 30925 241309 132720 86871 21718 272494 127543 144951 106053 106053 427522 256034 146418 25070 785603 754179 23568 7856 200315 160252 28044 12019 418875 259702 125663 33510 82368 77426 4118 824 WEBSITE 837268 807075 30193 0 COMMUNICATIONS AND PUBL 833234 833234 0 0 RESEARCH AND DEVELOPMEN 312993 308927 4066 0 COLLECTIBLES 256085 256085 0 0 764741 580591 123016 61134 8917397 6696268 1547630 673499 740422 483249 8299558 9401447 10469424 8015035 0 22089 24968 813458 22999549 480833 16448604 22518716 48002263 27029605 12966406 28289245 96951645 96572844 35782 201834 59288 160779 95070 362613 X 43868253 41720770 17476856 18977995 35511466 35511466 96856575 96210231 96951645 96572844 X 963614 -1767575 525901 -368284 X 0 1 X 1 1 1 X 42488243 22284414 3571199 2081829 6037383 76463068 42488243 22284414 3571199 2081829 6037383 76463068 76463068 243520 831272 900652 774640 815468 3565552 850 850 -156631 -58551 229950 32289 47057 80076527 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8917397 8917397 595870 148968 0 0 278218 326264 338262 595870 1538614 2307921 36000 36000 69555 81566 84566 148968 384655 576983 449500 12955008 X X X 0 35511466 35511466 35511466 35511466 35511466 35511466 35487806 23660 35511466 35487806 35487806 1.00000 0 0 2702500 2702500 19442831 2987 19439844 416785 227125 189660 437433 250721 186712 22518716 POOLED INVESTMENT FUND 28289245 F 28289245 ACCRUED EXPENSES 148944 CREDIT CARDS PAYABLE 11835 160779 8165000 -1767575 525901 -1241674 9406674 474337 474337 9881011 8811344 0 8811344 106053 106053 8917397 PART III, LINE 4: THE COLLECTION INCLUDES PERSONAL EFFECTS, INCLUDING FURNITURE AND MEMORABILIA FROM SENATOR EDWARD KENNEDY'S OFFICE, WHICH WILL BE USED AS PART OF A PUBLIC DISPLAY AT THE INSTITUTE. THIS PUBLIC DISPLAY WILL FURTHER THE INSTITUTE'S EXEMPT STATUS USING HISTORIC ITEMS TO GIVE THE PUBLIC AN OPPORTUNITY TO VISIT A RE-CREATION OF U.S. SENATOR KENNEDY'S UNITED STATES SENATE OFFICE WHICH WAS LOCATED IN THE RUSSELL SENATE OFFICE BUILDING. THE EXPERIENCE WILL PROVIDE ORIGINAL EXAMPLES OF ACHIEVEMENT IN PUBLIC POLICY AND ELECTIVE SERVICE. THE COLLECTION ALSO INCLUDES WARHOL SILKSCREENS, PHOTOGRAPHS BY KEN REGAN AND A SENATE PIECE (MULTI-MEDIA ELECTRONIC KINETIC SCULPUTURE), WHICH MAY BE USED IN PUBLIC DISPLAYS AND EVENTS FOR THE PURPOSE OF EDUCATING THE PUBLIC ABOUT THE INSTITUTE AND ITS MISSION. THE INSTITUTE PLANS TO USE THE HYANNIS PORT, MA HOUSE TO SUPPORT AND ENHANCE ITS MISSION OF EDUCATING THE PUBLIC ABOUT THE U.S. GOVERNMENT, INVIGORATING PUBLIC DISCOURSE, EMPHASIZING THE IMPORTANCE OF BIPARTISANSHIP, AND INSPIRING THE NEXT GENERATION OF CITIZENS AND LEADERS TO ENGAGE IN THE PUBLIC SQUARE. SPECIFICALLY, IT IS EXPECTED THAT THE HOUSE WILL HOST SELECTED EDUCATIONAL SEMINARS AND FORUMS ORGANIZED BY THE INSTITUTE. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES, NETTED WITH REVENUE 101,441. POWERSHARES DB COMMODITY INDEX K-1 INTEREST 190. POWERSHARES DB COMMODITY INDEX K-1 CAPITAL LOSS -144,165. NON CASH CONTRIBUTIONS 449,500. POWERSHARES DB COMMODITY INDEX ADJUSTMENT TO BASIS 67,371. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES, NETTED WITH REVENUE 101,441. POWERSHARES DB COMMODITY INDEX K-1 INVESTMENT FEES 4,612. X X X X 0 0 0 0 0 0 0 0 0 ANDREW H TARSY FORMER PRESIDENT 311983 0 0 0 0 0 7020 0 15515 0 334518 0 0 0 GRACIELA R MORENO-FRY VP OF OPERATIONS AND FINANCE 204073 0 0 0 0 0 6381 0 17382 0 227836 0 0 0 MAUREEN GRIECO VP OF DEVELOPMENT 164083 0 0 0 0 0 3231 0 5251 0 172565 0 0 0 NELL BREYER DIRECTOR OF EDUCATION AND PROGRAMMIN 134740 0 0 0 0 0 4298 0 17382 0 156420 0 0 0 X 102 PHOTOGRAPHS BY KEN REGAN 1 185000 FMV ON DATE OF DONAT X 58 PHOTOGRAPHS BY KEN REGAN 1 105500 FMV ON DATE OF DONAT X 58 PHOTOGRAPHS BY KEN REGAN 1 104000 FMV ON DATE OF DONAT X MULTI-MEDIA ELECTRONIC KINETIC SCULPTURE 1 55000 FMV ON DATE OF DONAT 4 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN SCHEDULE M, PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS FOR EACH NON-CASH CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ROBERT CARET SERVES AS THE PRESIDENT OF THE UNIVERSITY OF MASSACHUSETTS AND DIRECTOR J. KEITH MOTLEY SERVES AS CHANCELLOR OF THE UNIVERSITY OF MASSACHUSETTS - BOSTON AND, AS SUCH, REPORTS DIRECTLY TO DIRECTOR CARET. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT OF CERTAIN FINANCIAL OPERATIONS HAS BEEN DELEGATED TO VERDOLINO & LOWEY, P.C. IN ADDITION, CAMBRIDGE ASSOCIATES PROVIDES INVESTMENT REVIEW SERVICES. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE AND EACH MEMBER OF THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH SUFFICIENT TIME TO PROVIDE COMMENTS, IF ANY. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE ASKS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY TO SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS READ AND AGREES TO COMPLY WITH THE INSTITUTE'S CONFLICT OF INTEREST POLICY. EMPLOYEES ARE ALSO ASKED TO SIGN THE INSTITUTE'S WHISTLEBLOWER POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE ENGAGED DEVELOPMENT GUILD/DDI, INC. TO LEAD THE SEARCH FOR THE INSTITUTE'S NEW VICE PRESIDENT FOR DEVELOPMENT. DEVELOPMENT GUILD/DDI, INC. PROVIDED THE BOARD WITH INDEPENDENT ADVICE AND RECOMMENDATIONS FOR THIS COMPENSATION BASED UPON THEIR EXTENSIVE EXPERIENCE IN ADVISING OTHER ORGANIZATIONS ACROSS THE UNITED STATES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 AND FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES WILL BE PROVIDED IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS DURING NORMAL BUSINESS HOURS PROVIDING NO UNUSUAL CIRCUMSTANCES EXIST. WRITTEN, PHONED, FAXED OR E-MAILED REQUESTS WILL BE HONORED IN ACCORDANCE WITH REGULATION SEC. 301.6104(D)-1(D)(2)(II). THE CURRENT, 2013, 2012, 2011 AND 2010 FORM 990 AS WELL AS THE 2009 FORM 990-N (EXCLUDING NON-PUBLIC INFORMATION) AND FORM 1023 CAN BE REQUESTED. WE RESERVE THE RIGHT TO CHARGE A REASONABLE COPYING FEE PLUS ACTUAL POSTAGE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE FILED WITH THE APPROPRIATE REGULATORY AGENCIES AND ARE AVAILABLE THROUGH THESE PUBLIC SOURCES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST TO THE INSTITUTE. FORM 990, PART XI, LINE 9: POWERSHARES DB COMMODITY INDEX K-1 INTEREST -190. POWERSHARES DB COMMODITY INDEX K-1 CAPITAL LOSS 144,165. POWERSHARES DB COMMODITY INDEX K-1 INVESTMENT FEES 4,612. NON CASH CONTRIBUTIONS -449,500. POWERSHARES DB COMMODITY INDEX ADJUSTMENT TO BASIS -67,371.