NANTUCKET ATHENEUM: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NANTUCKET ATHENEUM (EIN 04-2104412)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-29
- IRS object ID
- 201300299349300425
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-29T14:36:51-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043037870 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLLUS LYNCH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 89 SHREWSBURY STREET | AddressLine1 |
| City | WORCESTER | City |
| State | MA | State |
| ZIP Code | 01604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104412 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NANTUCKET ATHENEUM INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NANT | NameControl |
| Phone | 5082281110 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 808 | AddressLine1 |
| City | NANTUCKET | City |
| State | MA | State |
| ZIP Code | 02554 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MOLLY ANDERSON | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 5082281110 | Phone |
| Date Signed | 2013-01-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA E KING | Name |
| PTIN | P00005629 | PTIN |
| Phone | 5087557107 | Phone |
| Date Prepared | 2013-01-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MOLLY ANDERSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE INDIA STREET PO BOX 808 | AddressLine1 |
| City | NANTUCKET | City |
| State | MA | State |
| ZIP Code | 02554 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4839421 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NANTUCKETATHENEUM.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1834 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE NANTUCKET ATHENEUM MAINTAINS CIRCULATING, CHILDREN'S, AND RESEARCH LIBRARIES AS WELL AS AN EXTENSIVE COLLECTION OF ARTWORK AND EXHIBITS ON DISPLAY TO THE PUBLIC. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 30 | TotalNbrEmployees |
| Total Nbr Volunteers | 141 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3231298 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4324995 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 38590 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 37804 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 297696 | InvestmentIncomePriorYear |
| Investment Income Current Year | 285328 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -180392 | OtherRevenuePriorYear |
| Other Revenue Current Year | -184394 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3387192 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4463733 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1105545 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1153550 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 264768 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 904882 | OtherExpensePriorYear |
| Other Expenses Current Year | 1056948 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2010427 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2210498 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1376765 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2253235 | RevenuesLessExpensesCY |
| Total Assets BOY | 13498574 | TotalAssetsBOY |
| Total Assets EOY | 15546595 | TotalAssetsEOY |
| Total Liabilities BOY | 58755 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 117082 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13439819 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15429513 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE NANTUCKET ATHENEUM, A PRIVATE NON-PROFIT ORGANIZATION PROVIDES PUBLIC LIBRARY SERVICE TO THE ISLAND'S YEAR-ROUND AND SEASONAL RESIDENTS, HOUSED IN A HISTORIC 1847 BUILDING AND THE WEEZIE LIBRARY FOR CHILDREN. THE ATHENEUM COLLECTS, ORGANIZES AND DISSEMINATES BOOKS, LITERATURE AND OTHER MATERIALS IN A VARIETY OF FORMATS TO HELP USERS OF ALL AGES MEET THEIR RECREATIONAL, PERSONAL, PROFESSIONAL AND INTELLECTUAL NEEDS. IN KEEPING WITH ITS HERITAGE, THE ATHENEUM ALSO SERVES AS A CULTURAL CENTER FOR THE NANTUCKET COMMUNITY BY SPONSORING EDUCATIONAL PROGRAMMING AND MAINTAINING SPECIAL COLLECTIONS RELATED TO THE HISTORY AND CULTURE OF THE ISLAND. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1603411 | Expense |
| Revenue | 76484 | Revenue |
| Description | OPERATION OF A PUBLIC LIBRARY FOR THE TOWN OF NANTUCKET | Description |
| Total Program Service Expense | 1603411 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 58 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 30 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOLLY ANDERSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5082281110 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 INDIA STREET | AddressLine1 |
| City | NANTUCKET | City |
| State | MA | State |
| ZIP Code | 02554 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| WILLIAM E HANNUM III | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| SUSAN BOARDMAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BARBARA JONES | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| DAVID ROSS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ALICE EMERSON | |||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | ||
| BARBARA FIFE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ALAN FORSTER | |||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | ||
| TIMOTHY M GEORGE | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT GREENSPON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ANNE PHANEUF | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| KATHRYN KAY | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| A STEVEN PERELMAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM SPEARS | |||||||
| VICE CHAIRMAN | 2.00 | X | 0 | 0 | 0 | ||
| JAY WILSON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARCIA P WELCH | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | ||
| JANE TYLER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| ORLA MURPHY-LASCOLA | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| PENNY NIEROTH | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RONALD WINTERS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| JEANNE CASEY MILLER | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM J CHARLTON | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| BERNARD L SWAIN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| RHOADS ZIMMERMAN | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MOLLY ANDERSON | |||||||
| EXECUTIVE DIRECTOR | 37.50 | 186069 | 0 | 9394 | X | X | |
| AMY CABRE | |||||||
| BUSINESS MANAGER | 30.00 | 46801 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 232870 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9394 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 663887 | FundraisingEvents |
| Government Grants | 835787 | GovernmentGrants |
| All Other Contributions | 2825321 | AllOtherContributions |
| Total Contributions | 4324995 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROGRAMS | Description |
| Business Code | 713990 | BusinessCode |
| Total Revenue Column | 37804 | TotalRevenueColumn |
| Related Or Exempt Function Income | 37804 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 37804 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 285328 | TotalRevenueColumn |
| Exclusion | $285,328 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 152614 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 663887 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 375688 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -223074 | TotalRevenueColumn |
| Exclusion | -$223,074 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 26645 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26645 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26645 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER | Description |
| Business Code | 713990 | BusinessCode |
| Total Revenue Column | 12035 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12035 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 12035 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4463733 | TotalRevenueColumn |
| Related Or Exempt Function Income | 76484 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $62,254 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 930172 | Total |
| Program Services | 610052 | ProgramServices |
| Management And General | 210693 | ManagementAndGeneral |
| Fundraising | 109427 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146263 | Total |
| Program Services | 96759 | ProgramServices |
| Management And General | 24624 | ManagementAndGeneral |
| Fundraising | 24880 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77115 | Total |
| Program Services | 50576 | ProgramServices |
| Management And General | 17467 | ManagementAndGeneral |
| Fundraising | 9072 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210289 | Total |
| Program Services | 125172 | ProgramServices |
| Management And General | 37459 | ManagementAndGeneral |
| Fundraising | 47658 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37438 | Total |
| Program Services | 15058 | ProgramServices |
| Management And General | 9309 | ManagementAndGeneral |
| Fundraising | 13071 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 247679 | Total |
| Program Services | 222911 | ProgramServices |
| Management And General | 12383 | ManagementAndGeneral |
| Fundraising | 12385 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26976 | Total |
| Program Services | 10338 | ProgramServices |
| Management And General | 2151 | ManagementAndGeneral |
| Fundraising | 14487 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298778 | Total |
| Program Services | 268900 | ProgramServices |
| Management And General | 14939 | ManagementAndGeneral |
| Fundraising | 14939 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| BOOKS, PERIODICALS & FI | 104500 | 104500 | ||
| PROGRAMS & EVENTS | 58218 | 57796 | 422 | |
| MEMBERSHIPS - CLAMS | 31690 | 31405 | 285 | |
| PRINTING | 15912 | 2692 | 12804 | 416 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25468 | Total |
| Program Services | 7252 | ProgramServices |
| Management And General | 12593 | ManagementAndGeneral |
| Fundraising | 5623 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2210498 | Total |
| Program Services | 1603411 | ProgramServices |
| Management And General | 342319 | ManagementAndGeneral |
| Fundraising | 264768 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2620150 | BOY |
| EOY | 2796881 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1082400 | BOY |
| EOY | 2568617 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27240 | BOY |
| EOY | 85634 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83200 | BOY |
| EOY | 15659 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5972666 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3420330 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2243492 | BOY |
| EOY | 2552336 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7442092 | BOY |
| EOY | 7527468 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13498574 | BOY |
| EOY | 15546595 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58755 | BOY |
| EOY | 117082 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58755 | BOY |
| EOY | 117082 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6801372 | BOY |
| EOY | 7057393 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1725703 | BOY |
| EOY | 2959376 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4912744 | BOY |
| EOY | 5412744 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13439819 | BOY |
| EOY | 15429513 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13498574 | BOY |
| EOY | 15546595 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2253235 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -263541 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1471258 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1209868 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1738829 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3231298 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4324995 | CurrentTaxYear |
| Total | 11976248 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1471258 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1209868 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1738829 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3231298 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4324995 | CurrentTaxYear |
| Total | 11976248 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 39264 | AmountsSubstContributorsTotal |
| Public Support Total170 | 11936984 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 160329 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 308692 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 202089 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 297814 | CurrentTaxYearMinus1Year |
| Current Tax Year | 285328 | CurrentTaxYear |
| Total | 1254252 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4640 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22276 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 29396 | CurrentTaxYearMinus2Years |
| Total | 56312 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 13286812 | TotalSupport |
| Gross Receipts From Admissions Etc | 3521342 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.89840 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87120 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7442092 | BeginningOfYearBalance |
| Contributions | 378541 | Contributions |
| Investment Earnings Or Losses | 18139 | InvestmentEarningsOrLosses |
| Other Expenditures | 311304 | OtherExpenditures |
| End Of Year Balance | 7527468 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6731956 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 1033186 | InvestmentEarningsOrLosses |
| Other Expenditures | 323050 | OtherExpenditures |
| End Of Year Balance | 7442092 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6247766 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 811190 | InvestmentEarningsOrLosses |
| Other Expenditures | 327000 | OtherExpenditures |
| End Of Year Balance | 6731956 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7462203 | BeginningOfYearBalance |
| Contributions | 129200 | Contributions |
| Investment Earnings Or Losses | -1036185 | InvestmentEarningsOrLosses |
| Other Expenditures | -296000 | OtherExpenditures |
| End Of Year Balance | 6259218 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.40300 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.59700 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20000 | OtherCostOrOtherBasis |
| Book Value | 20000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5298944 | OtherCostOrOtherBasis |
| Depreciation | 2816577 | Depreciation |
| Book Value | 2482367 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 653722 | OtherCostOrOtherBasis |
| Depreciation | 603753 | Depreciation |
| Book Value | 49969 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2552336 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| REAL ESTATE | 528542 | F |
| EQUITY BASED MUTUAL FUNDS | 6998926 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 7527468 | TotalOfBookValueSecurities |
| Total Revenue | 4463733 | TotalRevenue |
| Total Expenses | 2210498 | TotalExpenses |
| Excess Or Deficit For Year | 2253235 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -263541 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -263541 | TotalAdjustments |
| Excess Or Deficit Per FS | 1989694 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4200192 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -263541 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -263541 | RevenueNotRptdF990 |
| Revenue Subtotal | 4463733 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4463733 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2210498 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2210498 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2210498 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE ATHENEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE ATHENEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. | |
| PART III, LINE 4: | THE ATHENEUM HAS A LARGE COLLECTION OF MATERIALS ABOUT NANTUCKET ISLAND, INCLUDING BOOKS, PAMPHLETS, NEWSPAPERS, LOGBOOKS, LETTERS AND EVEN AN HISTORIC COLLECTION OF BOOKS THAT WERE READ BY PATRONS OVER 100 YEARS AGO. THE ATHENEUM ACTIVELY COLLECTS NEW PUBLICATIONS AS WELL AS OUT OF PRINT ITEMS. NANTUCKET TITLES WITH OVER 700 TITLES AND GROWING, FROM DE CREVECOUR'S 1782 DESCRIPTION OF THE ISLAND IN LETTERS FROM AN AMERICAN FARMER TO NAT PHILBRICK'S IN THE HEART OF THE SEA, THE ATHENEUM STRIVE'S TO MAINTAIN THE BEST COLLECTION OF PRINTED MATERIAL ABOUT THE ISLAND AND ITS INHABITANTS. HISTORIC NEWSPAPERS THE COLLECTION OF NANTUCKET NEWSPAPERS DATES BACK TO 1816, THE YEAR OF THE PUBLICATION OF THE NANTUCKET GAZETTE AND CONTINUES TODAY WITH NANTUCKET'S WEEKLY NEWSPAPER THE INQUIRER AND MIRROR. THIRTY-SIX OF THE NEWSPAPERS EXISTED IN THE INTERIM. THE ATHENEUM PRESERVE'S ORIGINAL COPIES OF THESE PAPERS, AND HAVE ALL OF THEM AVAILABLE ON MICROFILM FOR USE IN THE ATHENEUM. MANUSCRIPT COLLECTION THE ATHENEUM HAS A SMALL BUT IMPORTANT COLLECTION OF SHIP'S LOGS, JOURNALS, LETTERS AND OTHER DOCUMENTS RELATING TO NANTUCKET. | |
| PART V, LINE 4: | THE ATHENEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ATHENEUM 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 ATHENEUM 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 ATHENEUM CAN 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 OR 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 INVESMENTS OTHER RESOURCES OF THE ORGANIZATION THE INVESTMENT POLICIES OF THE ORGANIZATION THE ATHENEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS 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, THE ATHENEUM'S FINANCE COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ATHENEUM RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE ATHENEUM HAS INVESTED IN MUTUAL FUNDS DESIGNATED FOR INSTITUTIONS THAT TARGET 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 ATHENEUM HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR ACTUAL INCOME PLUS REALIZED AND UNREALIZED GAINS AND LOSSES OF UP TO 5% OF THE ENDOWMENT'S AVERAGE QUARTERLY MARKET VALUE OVER THE PREVIOUS 3 YEARS. IN ESTABLISHING THIS POLICY, THE ATHENEUM HAS CONSIDERED THE LONG-TERM EXPECTED REAL RETURN THAT IS CONSISTENT WITH THE OBJECTIVE OF MAINTAINING THE INFLATION-ADJUSTED PURCHASING POWER OF THE 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 ATHENEUM 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. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2012. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON THE ATHENEUM'S STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INNOVATIVE RESOURCES | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 ROUND TABLE ROAD | AddressLine1 |
| City | SARATOGA SPRINGS | City |
| State | NY | State |
| ZIP Code | 12866 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUND RAISING COUNSEL | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 30000 | AmountRetainedByContractor |
| Net To Organization | -30000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 30000 | TotalRetainedByContractors |
| Total Net To Organization | -30000 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | TURKEY PLUNGE | NameOfEvent1 |
| Gross Receipts Event1 | 76543 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 76543 | CharitableContributionsEvent1 |
| Rent Facility Costs Event1 | 1000 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 18946 | OtherDirectExpensesEvent1 |
| Name Of Event2 | BALLET | NameOfEvent2 |
| Gross Receipts Event2 | 739958 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 587344 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 152614 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 2500 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 727 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 352515 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 816501 | GrossReceiptsTotal |
| Charitable Contributions Total | 663887 | CharitableContributionsTotal |
| Gross Revenue Total Events | 152614 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 3500 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 727 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 371461 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 375688 | DirectExpenseSummaryEvents |
| Net Income Summary | -223074 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MOLLY ANDERSON | NamePerson |
| Base Compensation Filing Org | 142527 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 15000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 28542 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 3125 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 6269 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 195463 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MOLLY ANDERSON | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | EXECUTIVE DIRECTOR | Relationship |
| Amount Of Transaction | 528542 | AmountOfTransaction |
| Description Of Transaction | JOINT REAL ESTATE INVESTMENT | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY. THE CFO WILL ASSEMBLE ALL QUESTIONS AND COMMENTS AND RESOLVE PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION DETERMINED BY A COMMITTEE OF THE BOARD AND INCLUDES REFERENCE TO COMPENSATION LEVELS AT SIMILAR NPF ON THE ISLAND. | |
| FORM 990, PART VI, SECTION C, LINE 19 | REQUESTS FOR REVIEW OF THE FORM 990 ARE FORWARDED TO THE CFO TO MAKE ARRANGEMENT FOR REVIEW. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -263,541. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 1, TOTAL REVENUES | IN ADDITION TO REVENUES GENERATED FOR OPERATING ACTIVITIES, THE CURRENT STATEMENT ALSO INCLUDES $1,825,000 OF REVENUES FOR CAPITAL ASSET PURCHASES AND $500,000 FOR LONG-TERM ENDOWMENT INVESTMENT. |
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