2014-02-14T16:05:31-06:00 2013-06-30 042943536 Tonneson & Company Inc 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2012-07-01 042152010 Wenham Historical Association & Museum Inc WENH 9784682377 132 Main Street Wenham MA 01984 Derek A Smith 9784682377 2014-02-11 1 Heidi E MacLean P00840184 7812459999 2014-02-06 2012 2015-11-30 17:44:51Z Derek A Smith 132 Main Street Wenham MA 01984 1226536 0 X www.wenhammuseum.org X 1952 MA Organization's expempt purpose is to acquire, preserve, and exhibit cultural collections, and to provide educational and cultural services to the public. 16 16 19 150 0 0 271130 259464 120922 127710 10634 16698 21805 8125 424491 411997 0 0 0 0 308537 322312 0 0 31472 177637 164756 486174 487068 -61683 -75071 1836985 1838360 31662 32723 1805323 1805637 The mission of the Wenham Museum is to protect, preserve and interpret the history and culture of Boston's North Shore, domestic life and the artifacts of childhood. 0 0 401626 0 118711 Preservation of historic buildings and artifacts; education of the general public of selected historical matters. 401626 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 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 8 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X Kristin Noon 9784682377 132 Main Street Wenham MA 01984 H Ernest Stone 2.00 X X 0 0 0 Willa H Worsfold 2.00 X X 0 0 0 Derek A Smith 2.00 X X 0 0 0 John Perkins 2.00 X X 0 0 0 Anne E Francis 2.00 X X 0 0 0 Kennon Anderson 2.00 X 0 0 0 Catharine Ebling 2.00 X 0 0 0 Cheryl Emmons 2.00 X 0 0 0 Marissa Frerk 2.00 X 0 0 0 William Gribbell 2.00 X 0 0 0 Kate Horgen 2.00 X 0 0 0 John J Keohane Jr 2.00 X 0 0 0 Jennifer Perkin 2.00 X 0 0 0 Katharine Pickering 2.00 X 0 0 0 Nancy Shane 2.00 X 0 0 0 Holly Shepherd 2.00 X 0 0 0 Rebecca Oldfield Smith 2.00 X 0 0 0 Rosemary Wywoda 2.00 X 0 0 0 Christine Zampell 2.00 X 0 0 0 Kristin Noon 40.00 X 52308 0 0 52308 0 0 0 0 0 0 0 59571 150632 49261 259464 Admissions 713990 86482 86482 Program Fees 900099 41180 41180 Deaccessions 900099 48 48 127710 25851 25851 10899 12238 -1339 -1339 -1339 632474 641627 -9153 -9153 -9153 102345 150632 83882 18463 18463 67793 76792 -8999 -8999 411997 118711 0 33822 59421 44566 11884 2971 230575 204350 21100 5125 6514 6034 108 372 25802 22147 2935 720 8056 3767 582 3707 5144 2405 372 2367 10431 4877 754 4800 6639 4660 702 1277 17823 15275 2281 267 939 439 68 432 732 342 53 337 56219 48180 7196 843 12657 10847 1620 190 Other Program Expenses 31748 31748 Repairs and Maintenance 24305 20829 3111 365 Dues and Fees 12262 5733 886 5643 Exhibit Expense 10904 10904 -33103 -35477 318 2056 487068 401626 53970 31472 32961 40764 55738 77531 26344 23253 30991 5110 12509 15482 5447 5251 1987429 1119903 917759 867526 755236 803443 1836985 1838360 13381 19328 18281 13395 31662 32723 X 1502045 1482253 114450 138108 188828 185276 1805323 1805637 1836985 1838360 -75071 75385 0 X 1 X 0 1 0 X 247602 236337 241048 271130 259464 1255581 240375 193287 223672 181770 195503 1034607 487977 429624 464720 452900 454967 2290188 56983 67218 57836 59792 80714 322543 0 56983 67218 57836 59792 80714 322543 1967645 39036 27719 33049 25388 36750 161942 39036 27719 33049 25388 36750 161942 527013 457343 497769 478288 491717 2452130 0.80240 0.81480 0.06600 0.07130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 755236 3335 86939 42067 803443 771488 10264 16667 43183 755236 678675 4352 124621 36160 771488 632192 7371 83592 44480 678675 801320 -110392 58736 632192 0.73590 0.23060 0.03350 0 0 1823180 966595 856585 116528 105587 10941 47721 47721 0 867526 X 697102 75385 36808 112193 584909 -172912 -172912 411997 696788 36808 172912 209720 487068 0 487068 Part III, Line 1a: In conformity with the practice followed by most museums, historical objects purchased and donated are not capitalized. Collections that belong to the Museum include antique dolls, dollhouses and other toys. Part of the Museum is a 17th century house complete with period furnishings. The cost of all objects purchased, together with the value of objects acquired by gift if any, less proceeds from deaccessions of objects, is reported as a separate expense. Description of Intended Use of Endowment Funds: Part V, Line 4: The Museum's primary objective is long-term capital appreciation which together with income will provide for the growth of the endowment while allowing support for current activities. The Museum has adopted a spending policy on unrestricted net assets whereby a percentage of the historical average market value of the endowment is distributed and treated as support for operating activities. The Museum elected to use a percentage of 5%. The spending policy, as directed by the donor, for the Museum's donor-restricted endowment fund is restricted to income or 4% of the total asset value of the fund, whichever is greater. In the years that 4% of the fair value of the fund exceeds income, the carrying value of the permanent endowment is reduced and transferred to temporarily restricted net assets until appropriated by the Museum. Capital appreciation that exceeds the carrying value of the permanent endowment is temporarily restricted. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: In determining the recognition of uncertain tax positions, the Museum 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 June 30, 2013, the Museum has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XI, Line 4b - Other Adjustments: Special Events Expense -83,882. Cost of Goods Sold -76,792. Rental Expenses -12,238. Part XII, Line 2d - Other Adjustments: Special Events Expense 83,882. Cost of Goods Sold 76,792. Rental Expenses 12,238. Annual Appeal 99847 99847 1211 Gala 79708 45725 33983 3500 3500 20807 5300 9051 6 73422 5060 68362 40513 252977 150632 102345 3500 3500 20807 5300 50775 83882 18463 Form 990, Part VI, Section A, line 2 Trustees Derek Smith and Rebecca Smith are married. In addition, Trustees Christine Zampell and Kristin Noon have a mother-daughter relationship. Form 990, Part VI, Section B, line 11 The Finance Committee reviews the Form 990 during one of their meetings prior to filing the Form 990. Form 990, Part VI, Section B, line 12c Each year the policy is discussed with the Trustees. Every other year, or upon appointment of a new Trustee, the Trustees are required to provide written confirmation about their knowledge of the policy. Form 990, Part VI, Section B, line 15a The Board of Trustees, in executive session not including the Executive Director, discusses and approves the Executive Director's salary. They also consider whether the salary would be comparable to other Executive Director positions at comparable museums. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, financial statements and Form 990 are immediately made available to the public by calling the Museum's office, walking into the Museum's office or mailing in a request to the Museum. The Form 990 and financial statements are also available through the Massachusetts Attoney General's office/website.