2014-10-27T12:19:17-05:00 2014-01-25 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2013-02-01 042104809 OLD STURBRIDGE INC DBA OLD STURBRIDGE VILLAGE OLDS 5083473362 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 JAMES DONAHUE CEO 5083473362 2014-09-11 1 BARBARA E KING P00005629 5087557107 2014-09-11 2013 2015-11-30 17:44:51Z JAMES DONAHUE 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 9094040 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. 22 22 183 271 -32114 -721042 3221886 3072233 2478808 2398706 529993 428261 961023 205079 7191710 6104279 0 0 0 0 3605503 3708324 16066 2900 551505 3095444 3419339 6717013 7130563 474697 -1026284 19574801 20658568 7108868 8789197 12465933 11869371 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 2810010 2398706 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. 1115553 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. 3925563 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 0 0 0 1 1 0 0 0 0 0 0 0 1 25 0 1 183 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 22 22 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 ANN MARIE ARGITIS DIRECTOR 2.00 X 0 0 0 SUSAN B COLLINS DIRECTOR 2.00 X 0 0 0 LINDA CONNLY DIRECTOR 2.00 X 0 0 0 DONNA A DECORLETO DIRECTOR 2.00 X 0 0 0 NANCY DEMPZE DIRECTOR 2.00 X 0 0 0 CYNTHIA B MICHENER DIRECTOR 2.00 X 0 0 0 MARGARET H PIERCE TREASURER 2.00 X 0 0 0 PAUL F SCULLY DIRECTOR 2.00 X 0 0 0 RICHARD G SCHULZE CHAIRMAN 2.00 X 0 0 0 SUSAN A VINCENT DIRECTOR 2.00 X 0 0 0 PAUL S RAPO DIRECTOR 2.00 X 0 0 0 PAUL E ROGERS DIRECTOR 2.00 X 0 0 0 JOHN KUCHARSKI DIRECTOR 2.00 X 0 0 0 LISA MARKHAM DIRECTOR 2.00 X 0 0 0 JOHN V FRANK DIRECTOR 2.00 X 0 0 0 ELIZABETH H PEPPEL DIRECTOR 2.00 X 0 0 0 ROBERT W REEDER III VICE-CHAIRMAN 2.00 X 0 0 0 ROBERT E ROEMER DIRECTOR 2.00 X 0 0 0 CAROL J RUGANI DIRECTOR 2.00 X 0 0 0 NORMAN L ABRAM DIRECTOR 2.00 X 0 0 0 JANE C NYLANDER DIRECTOR 2.00 X 0 0 0 JEFFREY J UPTON DIRECTOR 2.00 X 0 0 0 JAMES DONAHUE PRESIDENT 40.00 X 214851 0 7819 RENEE CHAMBERS CLERK 40.00 X 67071 0 401 281922 0 8220 1 0 1 0 GEORGE L KING 255 MENDON ROAD SUTTON MA 01590 HORSE HANDLER 100978 1 541401 175471 2355361 224788 3072233 ADMISSIONS 900099 1831204 1831204 EDUCATIONAL PROGRAMS 900099 549975 549975 17527 17527 2398706 91815 91815 4220 4220 958960 99356 863500 5225 95460 94131 189591 -32114 221705 2399710 2063264 336446 336446 336446 34030 175471 57772 -23742 -23742 TRUST MANAGEMENT FEES 541900 35010 35010 35010 6104279 2398706 -32114 665454 281922 281922 2845329 1877394 634380 333555 581073 334361 189297 57415 36226 20540 15686 6429 6429 123397 123397 2900 2900 45217 45217 153394 153394 30913 20514 10399 526093 428014 86410 11669 18122 9142 8980 93217 93217 459868 100719 358342 807 159841 116372 39960 3509 OTHER 1145957 557004 525810 63143 MAINTENANCE 387721 289824 89995 7902 SPECIAL EVENTS/PROGRAM 197261 162165 35096 PRINTING/PUBLICATIONS 88079 3543 49027 35509 -52396 5971 -58367 7130563 3925563 2653495 551505 753904 1215053 926165 585716 188484 222884 69405 69557 113151 41716 18370916 13851825 4207969 4519091 5983874 6450712 15719 10746 7316130 7543093 19574801 20658568 591342 686005 414695 440698 1822670 1530212 4750000 2749949 2912494 7108868 8789197 X 3733896 2769961 2753616 3078731 5978421 6020679 12465933 11869371 19574801 20658568 -1026284 429722 0 X 0 1 X 1 0 X 2388603 2554391 3926061 3155279 3072233 15096567 2388603 2554391 3926061 3155279 3072233 15096567 856534 14240033 1002269 982828 938586 1322224 1525807 5771714 119341 117705 211685 241329 -32114 657946 66720 73691 140411 21666638 12890048 0.65720 0.67170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4955 4526991 X X X X 0 6261853 5881 812234 282559 45217 6752192 6074861 7941 499546 274312 46183 6261853 7048708 6100 3277 919198 64026 6074861 6416541 13600 820185 137592 64026 7048708 6030069 6627 1022154 563543 78766 6416541 0.02050 0.87000 0.10950 0 0 245880 245880 14560881 10836388 3724493 3564155 3015437 548718 4519091 MUSEUM COLLECTIONS 4526991 ASSETS HELD IN TRUST 3016102 7543093 ANNUITY PAYMENT LIABILITY 2912494 2912494 X 7404086 429722 921272 1350994 6053092 45217 5970 51187 6104279 8000648 921272 921272 7079376 45217 5970 51187 7130563 PART III, LINE 4: THE COLLECTIONS OF OLD STURBRIDGE VILLAGE INCLUDE THE MATERIAL CULTURE, 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 MATERIAL LIFE OF RURAL NEW ENGLAND. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. 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 ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY 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 OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. SUCH DEFICIENCIES AMOUNTED TO $24,880 AND $50,477 AS OF JANUARY 25, 2014 AND JANUARY 26, 2013, RESPECTIVELY. 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: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE ORGANIZATION'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 863,500. FUNDRAISING EXPENSES 57,772. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOOD SERVICES LOSS 5,970. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 216,378. FUNDRAISING EXPENSES 57,772. LODGE EXPENSES 647,122. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOOD SERVICE LOSS 5,970. GALA 165996 146591 19405 11982 19608 KEN BURNS AWARDS&FUNDRAISING DINNER 39365 25940 13425 15633 9349 1 4140 2940 1200 1200 209501 175471 34030 27615 30157 57772 -23742 X X X X 0 0 0 0 0 0 0 0 0 JAMES DONAHUE PRESIDENT 214851 0 0 0 0 0 0 0 7819 0 222670 0 0 0 X 7 4955 FMV X 11 175971 NYSE X AUCTION ITEMS 94 43862 FMV 0 0 1 PART I, LINE 32B: THE ORGANIZATION HAS A BROKERAGE FIRM SELL THE PUBLIC TRADED SECURITIES THEY RECEIVE. FORM 990, PART VI, SECTION B, LINE 11 DRAFT WILL BE REVIEWED BY THE AUDIT COMMITTEE AND SHARED ELECTRONICALLY WITH BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS ARE REGULARLY AND CONSISTENTLY 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 REQUESTED. PHOTOCOPIES WILL BE MADE UPON REQUEST FOR A SMALL FEE TO COVER COSTS.