2015-05-28T09:49:56-05:00 2014-12-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2014-01-01 043392961 NANTUCKET LIGHTSHIP BASKET MUSEUM INC NANT 5082281177 PO BOX 2517 NANTUCKET MA 02584 DARYL WESTBROOK PRESIDENT 5082281177 2015-05-28 1 BARBARA E KING P00005629 5087557107 2015-05-19 2014 2016-02-25 16:41:14Z DARYL WESTBROOK PO BOX 2517 NANTUCKET MA 02584 397162 0 X WWW.NANTUCKETLIGHTSHIPBASKETMUSEUM.ORG X 1997 MA PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS. 17 17 3 75 0 0 158547 188473 17953 19447 2234 671 79608 71280 258342 279871 0 0 0 0 152032 139237 0 0 32126 112118 114119 264150 253356 -5808 26515 865369 883429 12845 5262 852524 878167 PROMOTE THE AWARENESS AND APPRECIATION OF LIGHTSHIP BASKETS AND THEIR MAKERS, BY EDUCATING AND ENGAGING THE PUBLIC ABOUT THE COMPLEXITY OF THIS ART FORM UNIQUE TO NANTUCKET. EXHIBITING HISTORIC AND CONTEMPORARY BASKETS. 0 0 195947 29667 ESTABLISHMENT AND OPERATION OF A MUSEUM DEVOTED TO NANTUCKET LIGHTSHIP BASKETS AND BASKET-MAKING. 195947 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 10 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MARYANN WASIK 5082281177 PO BOX 2517 NANTUCKET MA 02584 KAREN BUTLER DIRECTOR 0.50 X 0 0 0 RICK MCMORROW DIRECTOR 0.50 X 0 0 0 RAFAEL OSONA VICE PRESIDENT 0.50 X X 0 0 0 DARYL WESTBROOK PRESIDENT 0.50 X X 0 0 0 GEORGE KORN DIRECTOR 0.50 X 0 0 0 PATTY GIBIAN DIRECTOR 0.50 X 0 0 0 M FRANCIS DIAS DIRECTOR 0.50 X 0 0 0 NANCY CHASE DIRECTOR 0.50 X 0 0 0 EVA-MARIA TAUSIG DIRECTOR 0.50 X 0 0 0 LUCY DILLON DIRECTOR 0.50 X 0 0 0 RUTH PLANDOWSKI TREASURER 0.50 X X 0 0 0 ROBERT GREENSPON DIRECTOR 0.50 X 0 0 0 PEGGY KAUFMAN CLERK 0.50 X X 0 0 0 KATHLEEN MYERS VICE PRESIDENT 0.50 X X 0 0 0 JOANNE PARR DIRECTOR 0.50 X 0 0 0 MARTHA POLACHI DIRECTOR 0.50 X 0 0 0 JENNY TEMPLETON DIRECTOR 0.50 X 0 0 0 MARYANN WASIK EXECUTIVE DIRECTOR 35.00 X 55481 0 5416 55481 0 5416 0 0 0 0 0 14530 86080 87863 68820 188473 WORKSHOP/CLASSES 611600 11528 11528 ADMISSION 611600 7919 7919 19447 671 671 164323 86080 103263 61060 61060 24248 14028 10220 10220 279871 29667 0 61731 52981 34437 7947 10597 86256 69778 4045 12433 11261 5541 4885 835 11402 11402 31585 31585 18610 18610 13978 12514 1464 MISC 13149 3831 1730 7588 POSTAGE AND SHIPPING 5361 4108 835 418 SUPPLIES 4657 4041 411 205 TELEPHONE 3916 3916 200 100 50 50 253356 195947 25283 32126 248549 277337 15999 13013 1750 4190 759831 285396 493045 474435 4871 3999 101155 110455 865369 883429 12845 5262 12845 5262 X 790772 818033 12952 11334 48800 48800 852524 878167 865369 883429 26515 -872 0 X 1 X 0 0 0 X 97126 90424 95856 158547 188473 630426 97126 90424 95856 158547 188473 630426 112950 517476 786 2234 671 3691 634117 130755 0.81610 0.76400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 163700 163700 522138 222455 299683 11478 11478 0 62515 51463 11052 474435 MUSEUM COLLECTION 110455 110455 X PART III, LINE 4: THE MUSEUM MAINTAINS A PERMANENT COLLECTION OF LIGHTSHIP BASKETS AND HAS CAPITALIZED ITS COLLECTION SINCE INCEPTION. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. PURCHASED ITEMS ARE CAPITALIZED AT COST AND DONATED ITEMS AT FAIR VALUE AT THE DATE OF RECEIPT FROM THE DONOR. THE MUSEUM HAS DETERMINED THAT THESE COLLECTION ITEMS HAVE CULTURAL AND HISTORIC VALUE THAT IS WORTH PRESERVING PERPETUALLY, AND THE MUSEUM IS PROTECTING AND PRESERVING ESSENTIALLY UNDIMINISHED THE SERVICE POTENTIAL OF THE COLLECTION ITEMS. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. THE MUSEUM HAS ESTABLISHED A POLICY THAT REQUIRES THE PROCEEDS FROM ITEMS DEACCESSED TO BE INVESTED AND, TOGETHER WITH ACCUMULATED INVESTMENT INCOME, USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE MUSEUM HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE MUSEUM'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. BASKET BUBBLY BRUNCH/AUCTION 167180 86080 81100 68820 23136 YARD SALE 77503 77503 11307 1 5720 5720 250403 86080 164323 68820 34443 103263 61060 MF DIAS BOARD MEMBER 2500 RENT STORAGE SPACE 0 X 2 9300 APPRAISAL X AUCTION ITEMS 75 68820 COMPARABLE SALES 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 990 PRESENTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY SIGN A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 CHAIR OF NOMINATING/COMPENSATION COMMITTEE REVIEWS EMPLOYEE AND MAKES RECOMMENDATION TO THE BOARD REGARDING SALARIES FORM 990, PART VI, SECTION C, LINE 18 WRITTEN REQUEST TO THE ORGANIZATION FOR DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 NOT MADE SEPARATELY AVAILABLE TO PUBLIC