2014-11-14T08:23:47-06:00 2013-12-31 043018997 FULCHINO O'REILLY & COMPANY PC 155 MIDDLESEX TURNPIKE BURLINGTON MA 01803 990 2013-01-01 042725296 FEATHERSTONE CENTER FOR THE ARTS INC FEAT 5086931850 P O BOX 1145 OAK BLUFFS MA 02557 ANN SMITH EXECUTIVE DIRECTOR 5086931850 2014-11-12 1 THOMAS F O'REILLY CPA P00151921 7812705800 2014-11-12 2013 2015-11-30 17:44:51Z ANN SMITH PO BOX 1145 OAK BLUFFS MA 02557 516417 0 X WWW.FEATHERSTONEART.ORG X 1980 MA A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR VINEYARDERS AND VISITORS OF ALL AGES. 18 18 3 50 18319 -6403 200029 175379 156630 124419 130798 26071 99733 106861 587190 432730 0 0 0 0 82352 109169 0 0 100829 332330 351927 414682 461096 172508 -28366 1230624 1242086 7193 9591 1223431 1232495 THE FEATHERSTONE CENTER FOR THE ARTS IS A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR VINEYARDERS AND VISITORS OF ALL AGES. 0 0 272860 117043 PROVIDES YEAR-ROUND ARTS PROGRAMS, CLASSES AND CAMPS FOR VINEYARDERS AND VISITORS OF ALL AGES AS WELL AS PROVIDES MANY DIVERSE WORKSHOPS WHICH ARE LED BY PROFESSIONALS IN A VARIETY OF ARTISTIC FIELDS. 28023 18419 PROVIDES YEAR-ROUND GALLERY SHOWS AND EVENINGS OF MUSIC AND POETRY READINGS. 300883 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 43 0 1 3 1 1 1 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ANN SMITH 5086931850 P O BOX 1145 OAK BLUFFS MA 02557 PAMELA FLAM PRESIDENT 2.00 X X 0 0 0 CONSTANCE WILLIAMS VICE-PRESIDENT 2.00 X X 0 0 0 ELIZABETH OAKES VICE-PRESIDENT 2.00 X X 0 0 0 PETER GETSINGER TREASURER 2.00 X X 0 0 0 MICHELE CASAVANT SECRETARY/CLERK 2.00 X X 0 0 0 NANCY CARABOOLAD BOARD MEMBER 2.00 X 0 0 0 JEAN MCCARTHY BOARD MEMBER 2.00 X 0 0 0 JUDY MCCONNELL BOARD MEMBER 2.00 X 0 0 0 PATSY MCCORNACK BOARD MEMBER 2.00 X 0 0 0 ANDREA QUIGLEY BOARD MEMBER 2.00 X 0 0 0 ANNE BESSE SHEPHERD BOARD MEMBER 2.00 X 0 0 0 DENYS WORTMAN BOARD MEMBER 2.00 X 0 0 0 KATE HANCOCK BOARD MEMBER 2.00 X 0 0 0 MARSTON CLOUGH BOARD MEMBER 2.00 X 0 0 0 DEBBIE HALE BOARD MEMBER 2.00 X 0 0 0 MARY SULLIVAN BOARD MEMBER 2.00 X 0 0 0 JUDY CUNNIFFE BOARD MEMBER 2.00 X 0 0 0 GAIL FARRISH BOARD MEMBER 2.00 X 0 0 0 ANN SMITH EXECUTIVE DIRECTOR 40.00 X 65000 0 5248 65000 0 5248 0 0 0 0 0 34555 140824 175379 WORKSHOPS AND CLASSES 611610 106100 106100 ART GALLERY 611610 18319 18319 124419 25766 25766 83992 83687 305 305 305 95818 34555 0 95818 95818 OTHER MISC. EXEMPT INC 900099 11043 11043 11043 432730 117143 18319 121889 X 70248 59773 6642 3833 30375 25725 2858 1792 1250 1125 125 7296 6179 687 430 13830 13830 10230 10230 25917 23440 2477 9935 9438 497 18485 14788 3697 SPECIAL EVENTS 94774 94774 CONTRACT LABOR 80800 71719 9081 REPAIRS & MAINTENANCE 26056 23450 2606 SUPPLIES 20921 18040 2881 50979 47206 3773 461096 300883 59384 100829 209100 64216 46915 150871 3759 3460 1675 2015 849374 298479 567076 550895 402099 470629 1230624 1242086 7193 9591 7193 9591 X 1198940 1221006 24491 11489 1223431 1232495 1230624 1242086 X -28366 37430 X X 1 X 0 1 0 X 122465 149478 181715 200029 175379 829066 250227 230444 242398 225566 201918 1150553 372692 379922 424113 425595 377297 1979619 0 0 0 1979619 7862 10944 12485 12719 25766 69776 7862 10944 12485 12719 25766 69776 20791 25777 18319 64887 3656 9280 5020 11043 28999 380554 394522 466669 469111 432425 2143281 0.92360 0.96240 0.03260 0.02900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25150 25150 757912 239051 518861 66312 59428 6884 550895 OTHER MARKETABLE SECURITIES 470629 F 470629 X PART X, LINE 2: IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSTIONS, THE ORGANIZATION 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 DECEMBER 31, 2013 THE ORGANIZATION HAS NO UNCERTAIN TAX POSTIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS FOR THE YEARS ENDED 2010, 2011 AND 2012 ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE THEY WERE FILED. 2013 ANNUAL GALA 55531 34555 20976 FLEA MARKET 20253 20253 5 54589 54589 130373 34555 95818 95818 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS GOVERNED BY AN 18 MEMBER BOARD CONSISTING OF A 4 MEMBER EXECUTIVE COMMITTEE AND A 14 MEMBER REGULAR BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BOARD MEMBERS ELECT THE OFFICERS AT EACH ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PRESIDENT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AT THE AUGUST BOARD MEETING, EACH BOARD MEMBER IS REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY A REVIEW AND APPROVAL OF THE BOARD OF DIRECTORS AND THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E UTILITIES: PROGRAM SERVICE EXPENSES 13,969. MANAGEMENT AND GENERAL EXPENSES 1,552. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,521. INSURANCE: PROGRAM SERVICE EXPENSES 12,762. MANAGEMENT AND GENERAL EXPENSES 1,418. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,180. COST OF ARTWORK SOLD: PROGRAM SERVICE EXPENSES 12,803. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,803. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 4,485. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,485. TELEPHONE: PROGRAM SERVICE EXPENSES 2,579. MANAGEMENT AND GENERAL EXPENSES 287. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,866. POSTAGE: PROGRAM SERVICE EXPENSES 608. MANAGEMENT AND GENERAL EXPENSES 31. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 639. LICENSES & PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 285. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 285. FINANCE AND INTEREST: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 105. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 95. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INVESTMENTS 37,430. FORM 990, PART XII, LINE 2C: THE ORGANIZATION IS GOVERNED BY AN 18 MEMBER BOARD AND AN EXECUTIVE DIRECTOR THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT.