2015-09-24T11:09:24-05:00 2014-12-31 042993500 JON R MORSE CPA PC 38 PLEASANT STREET GLOUCESTER MA 019305943 990 2014-01-01 042143545 CAPE ANN MUSEUM INC CAPE 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 ARTHUR RYAN TREASURER 9782830455 2015-07-29 1 JON R MORSE P00438625 9782832224 2015-07-29 2014 2016-02-25 16:41:14Z CAPE ANN MUSEUM ARTHUR RYAN 27 PLEASANT STREET GLOUCESTER MA 01930 4477772 0 X WWW.CAPEANNHISTORICALMUSEUM.ORG X 1873 MA TO FOSTER AN APPRECIATION OF THE QUALITY AN DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY. 22 22 19 125 0 0 2080254 2735099 70296 36611 587624 447543 26944 50949 2765118 3270202 0 0 0 0 520556 588950 13881 8985 123861 826376 861982 1360813 1459917 1404305 1810285 15719917 17815714 333103 516737 15386814 17298977 X TO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVEMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY. 0 0 1063427 44563 PURPOSES ARE OWNERSHIP,OPERATION,PRESERVATION, EXHIBITIONS AND EDUCATION OF HISTORICAL BUILDINGS,OBJECTS,RECORDS AND WORKS OF ART. PERSONS BENEFITING INCLUDE ASSOCIATION MEMBERS AND THE GENERAL PUBLIC. 1063427 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 33 0 1 19 1 0 0 0 0 0 1 1 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THE MUSEUM 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 X JOHN CUNNINGHAM III PRESIDENT 5.00 X X 0 0 0 JJBELL VICE PRESIDENT 5.00 X X 0 0 0 ARTHUR RYAN TREASURER 5.00 X X 0 0 0 DAVID PORPER CLERK 5.00 X X 0 0 0 KERMIT BIRCHFIELD BOARD OF DIRECTORS 1.00 X 0 0 0 HERBERT COLLINS BOARD OF DIRECTORS 1.00 X 0 0 0 LISA REYNOLDS RICH BOARD OF DIRECTORS 1.00 X 0 0 0 RICHARD TADLER BOARD OF DIRECTORS 1.00 X 0 0 0 STEPHANIE GASKINS BOARD OF DIRECTORS 1.00 X 0 0 0 SAMUEL HOLDSWORTH BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM JAMES BOARD OF DIRECTORS 1.00 X 0 0 0 PAUL LITTLEFIELD BOARD OF DIRECTORS 1.00 X 0 0 0 RON NICKERSON BOARD OF DIRECTORS 1.00 X 0 0 0 BONNIE COVINGTON BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM CROSS BOARD OF DIRECTORS 1.00 X 0 0 0 WILLIAM LYNCH BOARD OF DIRECTORS 1.00 X 0 0 0 ROBERT BACHELDER BOARD OF DIRECTORS 1.00 X 0 0 0 STEVIE NEAL BOARD OF DIRECTORS 1.00 X 0 0 0 HINDA SIMON BOARD OF DIRECTORS 1.00 X 0 0 0 THOMAS HOVEY BOARD OF DIRECTORS 1.00 X 0 0 0 HENRIETTA GATES BOARD OF DIRECTORS 1.00 X 0 0 0 AMY MOORE BOARD OF DIRECTORS 1.00 X 0 0 0 0 0 0 0 0 0 0 WINDOVER CONSTRUCTION 13 ELM STREET MANCHESTER MA 01944 GENERAL CONTRACTOR 2650792 1 255710 57500 2421889 136312 2735099 ADMISSIONS 900099 31446 31446 ART EXHIBITS & PROGRAMS 900099 5165 5165 36611 317437 317437 1210033 1061175 18752 148858 -18752 130106 130106 126617 57500 83620 42997 42997 51975 44023 7952 7952 3270202 44563 0 490540 78617 19654 39309 19654 452732 293682 90733 68317 11477 7439 3273 765 46124 27193 11292 7639 3228 3228 38944 38944 8985 8985 29625 29625 31591 31591 54898 35432 7954 11512 6841 6157 684 119755 107779 10778 1198 10877 10877 219337 197404 19740 2193 34954 28341 4750 1863 REPAIRS AND MAINTENANCE 100624 90562 10062 PROGRAMS 87527 87527 COLLECTION MANAGEMENT 37598 37598 COLLECTION MOVING/STORA 24459 24459 61724 57732 2941 1051 1459917 1063427 272629 123861 36168 50726 1932603 161255 797283 540787 80002 40001 32130 48599 22557 20813 9717832 2874086 3909941 6843746 8866861 10051055 42371 58731 1 1 15719917 17815714 320223 49139 455000 12880 12598 333103 516737 X 10889645 14065863 2292058 1016133 2205111 2216981 15386814 17298977 15719917 17815714 1810285 101878 0 X X 0 1 X 1 0 X 713536 983858 2310929 2080254 1735099 7823676 147716 148302 197268 144604 215203 853093 861252 1132160 2508197 2224858 1950302 8676769 300435 649974 1190558 881755 388615 3411337 0 300435 649974 1190558 881755 388615 3411337 5265432 309312 315015 277450 290814 317437 1510028 309312 315015 277450 290814 317437 1510028 1170564 1447175 2785647 2515672 2267739 10186797 0.51690 0.48010 0.14820 0.16040 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST DATE: 10/16/14 AMOUNT: 1000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4205111 89413 77543 4216981 4030048 246213 71150 4205111 3923573 176175 69700 4030048 3970936 40319 87682 3923573 3864016 175783 68863 3970936 0.48000 0.52000 0 0 331038 331038 8979922 2773936 6205986 96384 31355 65029 310488 68795 241693 6843746 FIXED INCOME INVESTMENTS 3156440 F MONEY MARKETS 205883 F STOCKS & MUTUAL FUNDS 6688732 F 10051055 DEFERRED REVENUE 10675 SALES TAXES PAYABLE 1923 12598 X 3499723 101878 127643 229521 3270202 0 3270202 1587560 127643 127643 1459917 0 1459917 PART III, LINE 1A: NOTE 5 OF FINANCIAL STATMENTS - COLLECTIONS: "COLLECTIONS CONSIST OF WORKS OF ART, OBJECTS, ARTIFACTS AND RECORDS REFLECTIVE OF CAPE ANN AND ITS FISHING HERITAGE. COLLECTION ITEMS, WHETHER PURCHASED OR DONATED, ARE NOT CAPITALIZED BECAUSE THEIR INTRINSIC VALUE IS NOT SUSCEPTIBLE TO REASONABLE ESTIMATION. THE COLLECTION IS CARRIED AT $1.00. IT IS THE POLICY OF THE ASSOCIATION THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS WILL BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS, WHICH ARE THEN CHARGED AS COLLECTION ACQUISITION EXPENSES. PART V, LINE 4: PERMENANTLY RESTRICTED ENDOWMENTS PROVIDE INCOME TO SUPPORT CURRENT OPERATIONS. THE BOARD RESTRICTED ENDOWMENTS ARE HELD TO PROVIDE FINANCIAL SECURITY IN THE FUTURE. PART X, LINE 2: IN 2009, THE MUSEUM ADOPTED TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS REQUIRED BY THIS TOPIC, MANAGEMENT OF THE MUSEUM HAS EVALUATED ITS TAX POSITIONS, APPLYING A "MORE LIKELY THAN NOT" STANDARD, AND BELIEVES THAT THERE WOULD BE NO MATERIAL CHANGES TO THE RESULTS OF ITS OPERATIONS OR FINANCIAL POSITION AS A RESULT OF AN AUDIT BY APPLICABLE TAXING AUTHORITIES, FEDERAL OR STATE. THE MUSEUM HAS FILED ALL OF ITS KNOWN REQUIRED RETURNS IN A TIMELY MANNER INCLUDING AS PERMITTED ALLOWED EXTENSIONS. ACCORDINGLY, MANAGEMENT BELIEVES THAT TAX YEARS 2010,2011,2012 AND 2013 REMAIN OPEN YEARS AND SUBJECT TO REVIEW. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME FUNDRAISING EXPENSES-NETTED WITH INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME FUNDRAISING EXPENSES-NETTED WITH INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING CAPTAIN'S PARTY 40970 40970 19399 5767 RE-OPENING GALA 119412 57500 61912 35344 900 3305 2 23735 23735 15919 2986 184117 57500 126617 70662 900 12058 83620 42997 1 X 0 0 0 0 0 0 0 0 0 X 30 X 6 136312 MARKET VALUE X 4 0 0 0 PART I, LINE 33: THE MUSEUM HAS ADOPTED ACCOUNTING PRINCIPLES UNDER SFAS 116 WHEREIN IT DOES NOT CAPITALIZE DONATIONS ARTWORK AND HISTORICAL ARTIFACTS TO ITS COLLECTIONS AND THEREFORE THE RELATED REVENUE IS ALSO NOT RECOGNIZED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE REQUIRED TO PAY AN ANNUAL MEMBERSHIP FEE. THERE IS ONLY ONE CLASS OF MEMBERS AND ALL MEMBERS HAVE THE SAME RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT OTHER MEMBERS TO THE BOARD OF DIRECTORS, USUALLY AT THE ANNUAL MEETING WHICH OCCURS EVERY MAY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE BOARD AT ITS SEPTEMBER BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL CURRENT AND FUTURE BOARD MEMBERS ARE GIVEN A COPY OF CONFLICT OF INTEREST POLICY AND THEY ARE REQUIRED TO SIGN A REGISTRY INDICATING THEY HAVE RECEIVED AND READ THE POLICY. THE REGISTRY IS MAINTAINED BY THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS AND THE EXECUTIVE COMMITTEE REVIEW COMPARABILITY DATA FROM THE NEW ENGLAND MUSEUM ASOCIATION COMPENSATION SURVEY AND SUBSEQUENTLY APPROVE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTORS AND OTHE KEY EMPLOYEES. OFFICERS AND TRUSTEES OF THE BOARD ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION, IN 2009, COMPLETED WORK ON CONFLICT OF INTEREST, DOCUMENT RETENTION, AND WHISTLEBLOWER POLICIES. THIS INFORMATION, AS WELL AS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE AND A NEWLY FORMED AUDIT COMMITTEE THAT OVERSEES THE AUDIT ANNUALLY.