2015-09-29T10:40:35-05:00 2015-01-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-01-25 042104809 OLD STURBRIDGE INC OLDS 5083473362 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 JAMES DONAHUE PRESIDENT/CEO 5084373362 2015-09-23 1 JOHN BUCKLEY CPA P00830631 5083669100 2015-08-26 2014 2016-02-25 16:41:14Z OLD STURBRIDGE VILLAGE JAMES DONAHUE 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 11123502 0 X WWW.OSV.ORG X 1938 MA OLD STURBRIDGE VILLAGE, A MUSEUM AND LEARNING RESOURCE OF NEW ENGLAND LIFE, INVITES EACH VISITOR TO FIND MEANING, PLEASURE, RELEVANCE AND INSPIRATION THROUGH THE EXPLORATION OF HISTORY. 21 21 194 250 968678 -157941 3072233 2683165 2398706 3829437 428261 497016 205079 229687 6104279 7239305 0 0 0 0 3708324 4547440 2900 0 1178787 3419339 4276552 7130563 8823992 -1026284 -1584687 20658568 19943403 8789197 9594014 11869371 10349389 X OLD STURBRIDGE VILLAGE, A MUSEUM AND LEARNING RESOURCE OF NEW ENGLAND LIFE, INVITES EACH VISITOR TO FIND MEANING, PLEASURE, RELEVANCE AND INSPIRATION THROUGH THE EXPLORATION OF HISTORY. 0 0 3316930 2565091 EDUCATION & PUBLIC PROGRAMMING: PROVIDED PROGRAMS AND ACTIVITIES FOR LEARNING ABOUT AMERICA'S HISTORY WITH A FOCUS ON EARLY NEW ENGLAND DURING 1790-1840. INTERPRETERS PORTRAYED THE DAILY LIFE, WORK AND CELEBRATIONS OF AN EARLY NEW ENGLAND COMMUNITY TO APPROXIMATELY 255,000 VISITORS, INCLUDING 65,000 SCHOOL CHILDREN. OVER 11,000 ADDITIONAL VISITORS PARTICIPATED IN VARIOUS SPECIAL PROGRAMS AND EDUCATIONAL ACTIVITIES. 1276281 RESEARCH, CURATORIAL AND LIBRARY: RESEARCH INTO THE MATERIAL AND WRITTEN SOURCES OF REGIONAL HISTORY AND EFFORTS TO COLLECT AND PRESERVE THE BUILDING, OBJECTS, HAND PROCESSES AND CULTURAL PATTERNS OF EARLY NEW ENGLANDERS. HISTORICAL COLLECTIONS INCLUDE OVER 50,000 ARTIFACTS AND 40,000 BOOKS AND MANUSCRIPTS. 728979 123907 FOOD SERVICE: PROVIDES CONVENIENT ON-SITE FOOD SERVICE TO VISITORS AND ACTS AS A VENUE FOR SPECIAL OCCASIONS SUCH AS WEDDINGS, CONFERENCES AND OTHER CELEBRATIONS. 182772 362438 MERCHANDISING: THE ON CAMPUS GIFT STORE PROVIDES VISITORS WITH THE OPPORTUNITY TO PURCHASE SOUVENIRS, AUTHENTIC VILLAGE MADE PIECES AND OSV APPAREL. 728844 LODGING: THE OFF-CAMPUS MOTEL IS OPEN TO THE PUBLIC AND ALLOWS VISITORS TO ENJOY OVERNIGHT ACCOMMODATIONS. 911616 362438 6233806 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 26 0 194 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X JAMES DONAHUE 5083473362 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 NORMAN L ABRAM TRUSTEE 2.00 X 0 0 0 ANN MARIE ARGITIS TRUSTEE 2.00 X 0 0 0 RICHARD BEATTY TRUSTEE 2.00 X 0 0 0 SUSAN B COLLINS TRUSTEE 2.00 X 0 0 0 DONNA A DECORLETO TRUSTEE 2.00 X 0 0 0 NANCY DEMPZE TRUSTEE 2.00 X 0 0 0 LYNN ECKHERT TRUSTEE 2.00 X 0 0 0 JOHN V FRANK TRUSTEE 2.00 X 0 0 0 LISA MARKHAM TRUSTEE 2.00 X 0 0 0 CYNTHIA B MICHENER TRUSTEE 2.00 X 0 0 0 BICHOP NAWROT TRUSTEE 2.00 X 0 0 0 JANE C NYLANDER TRUSTEE 2.00 X 0 0 0 MARGARET H PIERCE TREASURER 2.00 X X 0 0 0 ROBERT W REEDER III VICE-CHAIRMAN 2.00 X X 0 0 0 ROBERT E ROEMER TRUSTEE 2.00 X 0 0 0 PAUL EROGERS TRUSTEE 2.00 X 0 0 0 CAROL J RUGANI TRUSTEE 2.00 X 0 0 0 RICHARD G SCHULZE CHAIRMAN 2.00 X X 0 0 0 PAUL F SCULLY TRUSTEE 2.00 X 0 0 0 JEFFREY J UPTON TRUSTEE 2.00 X 0 0 0 SUSAN S VINCENT TRUSTEE 2.00 X 0 0 0 JAMES DONAHUE PRESIDENT 40.00 X 229583 0 8494 RENEE CHAMBERS CHIEF OF STAFF/CLERK 40.00 X 70633 0 401 TINA KRASNECKY VP OF FINANCE 40.00 X 87698 0 563 387914 0 9458 1 0 1 0 GEORGE L KING 255 MENDON ROAD SUTTON MA 01590 HORSE HANDLER 120506 1 548197 147548 1987420 318896 2683165 ADMISSIONS 900099 1767296 1767296 0 LODGING 900099 657730 657730 EDUCATIONAL PROGRAMS/SPECIAL EVEN 900099 607118 607118 0 MERCHANDISE COMMISSION 900099 458098 362438 95660 FOOD SERVICE 900099 339195 123907 215288 3829437 184454 184454 7253 7253 190677 0 190677 190677 190677 4152421 3839859 312562 312562 312562 39346 147548 44338 -4992 -4992 TRUST MANAGEMENT FEES 541900 36749 36749 36749 7239305 3051436 968678 536026 399864 399864 3408280 2807481 137779 463020 460543 301520 80466 78557 278753 253665 12544 12544 25611 25611 27050 27050 99864 99864 47193 12000 35193 251303 36995 214308 57529 54515 1507 1507 22468 16336 723 5409 784380 725862 29259 29259 16578 9518 500 6560 221829 221829 513228 432610 79047 1571 235831 217265 9283 9283 GENERAL & ADMINISTRATIV 587970 280254 209812 97904 MAINTENANCE 481859 458545 11657 11657 SPECIAL EVENTS & PROGRA 373007 309579 63428 SECURITY EXPENSES 308931 281698 13616 13617 221921 35963 15795 170163 8823992 6233806 1411399 1178787 1215053 443130 585716 245603 222884 178903 69557 55420 41716 57883 18681656 14365055 4519091 4316601 6450712 6908648 10746 7592 7543093 7729623 20658568 19943403 686005 724344 440698 370263 4750000 5601632 2912494 2897775 8789197 9594014 X 2769961 2486881 3078731 1786858 6020679 6075650 11869371 10349389 20658568 19943403 X -1584687 91279 -113899 87325 X X 0 1 X 1 0 X 2554391 3926061 3155279 3072233 2683165 15391129 2554391 3926061 3155279 3072233 2683165 15391129 893167 14497962 982828 938586 1322224 1525807 731695 5501140 117705 211685 241329 -32114 968678 1507283 22399552 73691 0.64720 0.65720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4604651 X X X X 0 7426432 7790 554328 1190389 0 6798161 6261853 5881 1486474 282559 45217 7426432 6074861 7941 499546 274312 46183 6261853 7048708 6100 3277 919198 64026 6074861 6416541 13600 820185 137592 64026 7048708 0.00000 0.89000 0.11000 0 0 245880 245880 14706181 11159827 3546354 3712078 3205228 506850 17517 17517 4316601 MUSEUM COLLECTIONS 4693461 ASSETS HELD IN TRUST 3036162 7729623 ANNUITY PAYMENT LIABILITY 2897775 2897775 X 7648045 91279 417325 508604 7139441 99864 99864 7239305 8724128 0 8724128 99864 99864 8823992 PART III, LINE 4: THE COLLECTIONS OF OLD STURBRIDGE VILLAGE INCLUDE THE CULTURAL ARTIFACTS, RESEARCH LIBRARY, VISUAL RESOURCE LIBRARY (PHOTOGRAPHIC), ARCHIVES, ARCHAEOLOGICAL, HISTORIC STRUCTURES, AND LIVING (BOTH LIVESTOCK AND PLANT) COLLECTIONS. EACH OF THESE COLLECTIONS IS VITAL TO THE MUSEUM'S MISSION AND SUPPORTS ITS COMMITMENT TO PRESERVING, RESEARCHING AND INTERPRETING THE HISTORY AND LIFE OF RURAL NEW ENGLAND. PART V, LINE 4: THE ORGANIZATION'S ENDOWNMENT CONSISTS OF NUMEROUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. THE ORGANIZATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE ORGANIZATION MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: -THE DURATION AND PRESERVATION OF THE FUND -THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND -GENERAL ECONOMIC CONDITIONS -THE POSSIBLE EFFECT OF INFLATION AND DEFLATION -THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS -OTHER RESOURCES OF THE ORGANIZATION -THE INVESTMENT POLICIES OF THE ORGANIZATION THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE AN AVERAGE ANNUAL REAL TOTAL RETURN, NET OF INVESTMENT MANAGEMENT FEES, OF GREATER THAN 5% OVER A ROLLING THREE YEAR PERIOD. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST, DIVIDENDS, ETC.). THE ORGANIZATION HAS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ORGANIZATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS THROUGH THE YEAR-END PROCEEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE THE ORGANIZATION TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES AMOUNTED TO $ 22,251 AS OF JANUARY 31, 2015. IN ACCORDANCE WITH THE BOARD'S INTERPRETATION OF RELEVANT STATE LAW, APPROPRIATION OF INVESTMENT RETURN ON THESE FUNDS HAS BEEN SUSPENDED UNTIL SUCH TIME AS THE DEFICIENCY HAS BEEN RESTORED AND THE FAIR VALUE OF THE FUND EXCEEDS THE LEVEL REQUIRED TO BE RETAINED PERMANENTLY. PART X, LINE 2: OSV ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. OSV HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JANUARY 31, 2015. OSV'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 87,325. APPROPRIATION FOR SPENDING 330,000. GALA 186894 147548 39346 6984 17816 17709 1829 186894 147548 39346 6984 17816 17709 1829 44338 -4992 X X X X 0 0 0 0 0 0 0 0 0 JAMES DONAHUE PRESIDENT 229583 0 0 0 0 0 0 0 8494 0 238077 0 0 0 ANGELA CHENG-CIMINI WIFE OF A FORMER BOARD MEMBER 21340 ANGELA IS THE WIFE OF MICHAEL CIMINI, A FORMER BOARD MEMBER (JUNE, 2012). SHE SERVES AS THE HR DIRECTOR AND RECEIVED COMPENSATION FOR HER ROLE. 0 X 4 43400 FMV X 318 29260 FMV X 8 157426 NYSE 0 0 1 PART I, LINE 32B: OSV HAS A BROKERAGE FIRM SELL THE PUBLICLY TRADED SECURITIES THEY RECEIVE. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT WILL BE REVIEWED BY THE AUDIT COMMITTEE AND SHARED ELECTRONICALLY WITH THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTERESTS POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS ARE REGULARLY AND CONSISTANTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION DETERMINES COMPENSATION OF ITS CEO BY COMPARISONS TO COMPENSATION LEVELS FOR SIMILAR POSITIONS AT OTHER MUSEUMS/NON-PROFIT ORGANIZATIONS WITH COMPARABLE BUDGETS AND SCOPE OF OPERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL SEND DOCUMENTS ELECTRONICALLY IF REQUIESTED. PHOTOCOPIES WILL BE MADE UPON REQUEST FOR A SMALL FEE TO COVER COSTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 87,325. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES REPSONSIBILITY FOR THE OVERSIGHT AND REVIEW OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR.