2013-12-15T14:06:48-06:00 2013-01-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2012-02-01 042104809 OLD STURBRIDGE INC DBA OLD STURBRIDGE VILLAGE OLDS 5083473362 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 JIM DONAHUE 5083473362 2013-12-16 1 BARBARA E KING P00005629 5087557107 2013-12-11 2012 2016-03-07 17:11:31Z JAMES DONAHUE 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 12796635 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. 28 28 164 271 241329 -232984 3954411 3221886 2408708 2478808 463421 529993 1172998 961023 7999538 7191710 0 0 0 0 3435462 3605503 43953 16066 389383 3190502 3095444 6669917 6717013 1329621 474697 19230862 19574801 7255259 7108868 11975603 12465933 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 3063281 2597519 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. 1021094 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 60,000 ARTIFACTS AND 40,000 BOOKS AND MANUSCRIPTS. 4084375 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 30 0 1 164 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X OLD STURBRIDGE INC 5083473362 1 OLD STURBRIDGE VILLAGE ROAD STURBRIDGE MA 01566 ANN MARIE ARGITIS 2.00 X 0 0 0 CARL E BREYER JR 2.00 X 0 0 0 MICHAEL CIMINI 2.00 X 0 0 0 SUSAN B COLLINS 2.00 X 0 0 0 LINDA CONNLY 2.00 X 0 0 0 DONNA A DECORLETO 2.00 X 0 0 0 NANCY DEMPZE 2.00 X 0 0 0 REED HILLMAN 2.00 X 0 0 0 JOSEPH D MESSLER JR 2.00 X 0 0 0 CYNTHIA B MICHENER 2.00 X 0 0 0 RUSSELL J PEOTTER 2.00 X 0 0 0 MARGARET H PIERCE 2.00 X 0 0 0 PAUL F SCULLY 2.00 X 0 0 0 RICHARD G SCHULZE 2.00 X 0 0 0 SUSAN A VINCENT 2.00 X 0 0 0 PAUL S RAPO 2.00 X 0 0 0 PAUL E ROGERS 2.00 X 0 0 0 JOHN KUCHARSKI 2.00 X 0 0 0 LISA MARKHAM 2.00 X 0 0 0 JOHN V FRANK 2.00 X 0 0 0 BRUCE D MOIR 2.00 X 0 0 0 ELIZABETH H PEPPEL 2.00 X 0 0 0 ROBERT W REEDER III 2.00 X 0 0 0 ROBERT E ROEMER 2.00 X 0 0 0 CAROL J RUGANI 2.00 X 0 0 0 NORMAN L ABRAM 2.00 X 0 0 0 JANE C NYLANDER 2.00 X 0 0 0 JEFFREY J UPTON 2.00 X 0 0 0 JAMES DONAHUE 40.00 X 214914 0 7010 RENEE CHAMBERS 40.00 X 68086 0 401 283000 0 7411 1 0 1 0 SECURITAS SECURITY SERVICES USAINC PO BOX 403412 ATLANTA GA 303843412 SECURITY 313522 GEORGE L KING 255 MENDON ROAD SUTTON MA 01590 HORSE HANDLER 106841 2 523903 66480 40000 2591503 832577 3221886 ADMISSIONS 900099 1887946 1887946 EDUCATIONAL PROGRAMS 900099 590862 590862 2478808 107300 107300 7792 7792 689612 94827 115987 0 573625 94827 668452 156352 512100 5837907 5415214 422693 422693 422693 121678 66480 73724 47954 47954 FOOD SERVICE REVENUE 900099 176306 91329 84977 TRUST MANAGEMENT FEES 900099 33137 33137 MISCELLANEOUS 900099 27382 27382 236825 7191710 2597519 241329 1130976 283000 283000 2623126 1436674 1063247 123205 473733 259461 192021 22251 225644 123584 91462 10598 29383 29383 2536 2536 118799 118799 16066 16066 46183 46183 75037 67308 7729 183209 183209 187806 3634 150462 33710 20075 11116 8959 686607 686607 106888 12239 88210 6439 75199 75199 422727 93407 328571 749 92040 92040 OTHER 614463 109072 443122 62269 SPECIAL EVENTS/PROGRAM 236028 116614 112290 7124 MAINTENANCE 198461 139 198322 ALLOCATION OF INDIRECT 3 1862243 -1960253 98013 6717013 4084375 2243255 389383 692257 753904 1121308 926165 262962 188484 58187 69405 78798 113151 17492735 13284766 4308544 4207969 4520446 5983874 912260 15719 7276100 7316130 19230862 19574801 614125 591342 402645 414695 2057107 1822670 1413897 1530212 2767485 2749949 7255259 7108868 X 3722401 3733896 2312620 2753616 5940582 5978421 11975603 12465933 19230862 19574801 474697 15633 0 X 0 1 X 1 0 X 2476118 2388603 2554391 3926061 3155279 14500452 2476118 2388603 2554391 3926061 3155279 14500452 920978 13579474 949575 1060471 982828 938586 1322224 5253684 259495 127859 73691 461045 20215181 12993957 0.67170 0.70390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4499262 X X X X 0 6074861 7941 499546 274312 46183 6261853 7048708 6100 3277 919198 64026 6074861 6416541 13600 820185 137592 64026 7048708 6030069 6627 1022154 563543 78766 6416541 7813168 12300 -1664287 -72079 -59033 6030069 0.06350 0.93650 0 0 245880 245880 14003397 10469513 3533884 3243458 2815253 428205 4207969 MUSEUM COLLECTIONS 4499262 ASSETS HELD IN TRUST 2816868 7316130 ANNUITY PAYMENT LIABILITY 2749949 2749949 X 7350871 15633 189711 205344 7145527 46183 46183 7191710 6860541 189711 189711 6670830 46183 46183 6717013 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 ENDOWMENET 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 ENDOWMENET 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 ASSOCIATION 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; AND 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 DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S & P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE ORGANIZAITON EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 7% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. 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 AND NET RENTAL INCOME). THE ORGANIZATION HAS INVESTED IN VARIOUS MUTUAL FUNDS 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 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 PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE ORGANIZATION EXPECTED THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 7% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS BOARD-DESIGNED 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 PERTPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS, SUCH DEFICIENCIES AMOUNTED TO $50,477 AND $125,688 AS OF JANUARY 26, 2013 AND JANUARY 28, 2012, 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 115,987. FUNDRAISING EXPENSES 73,724. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 115,987. FUNDRAISING EXPENSES 73,724. X X 1 HANNAH STREET CONSULTING 302 PEARL STREET 108 PROVIDENCE RI 02907 PROFESSIONAL FUNDRAISER 0 0 16066 -16066 16066 -16066 GALA 159948 53055 106893 21033 28704 KEN BURNS AWARDS&FUNDRAISING DINNER 28210 13425 14785 15633 8354 0 188158 66480 121678 36666 37058 73724 47954 X X X X 0 0 0 0 0 0 0 0 0 JAMES DONAHUE 214914 0 0 0 0 0 0 0 7010 0 221924 0 0 0 ANGELA CHENG-CIMINI ANGELA IS MARRIED TO BOARD MEMBER, MICHAEL CIMINI 21820 ANGELA IS THE OUTSOURCED HUMAN RESOURCE DIRECTOR 0 X 11 FMV X 10 832577 NYSE X AUCTION ITEMS 96 40922 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE COMMITTEE HAS THE DUTY TO NOMINATE PERSONS FOR ELECTION AS OFFICERS AND TRUSTEES, INCLUDING OVERSEERS, TRUSTEES, AND HONORARY TRUSTEES. THE COMMITTEE DETERMINES THE NEEDS FOR THE BOARD OF TRUSTEES ON AN ONGOING BASIS, IDENTIFYING AND INTERVIEWING NEW MEMBERS FOR ELECTION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 DRAFT WILL BE 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.