2013-08-07T15:24:38-05:00 2012-12-31 043018997 FULCHINO O'REILLY & COMPANY PC 155 MIDDLESEX TURNPIKE BURLINGTON MA 01803 990 2012-01-01 042725296 FEATHERSTONE CENTER FOR THE ARTS INC FEAT 5086931850 P O BOX 1145 OAK BLUFFS MA 02557 ANN SMITH 5086931850 2013-07-31 1 THOMAS P FULCHINO CPA P00151920 7812705800 2013-07-31 2012 2016-02-24 21:20:13Z ANN SMITH PO BOX 1145 OAK BLUFFS MA 02557 614729 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. 20 20 2 50 0 -2097 181715 200029 145441 156630 12542 130798 127028 99733 466726 587190 0 0 0 0 80737 82352 0 0 73541 357899 332330 438636 414682 28090 172508 1028459 1230624 12918 7193 1015541 1223431 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 209872 135848 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. 73747 25802 PROVIDES YEAR-ROUND GALLERY SHOWS AND EVENINGS OF MUSIC AND POETRY READINGS. 283619 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 50 0 1 2 1 1 1 0 0 0 0 0 0 0 X 20 20 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 MARSTON CLOUGH 2.00 X X 0 0 0 PAMELA FLAM 2.00 X X 0 0 0 GAIL FARRISH 2.00 X X 0 0 0 JUDY CUNNIFFE 2.00 X X 0 0 0 NANCY CARABOOLAD 2.00 X 0 0 0 CHARLES HARFF 2.00 X 0 0 0 ELIZABETH OAKES 2.00 X 0 0 0 JEAN MCCARTHY 2.00 X 0 0 0 JUDY MCCONNELL 2.00 X 0 0 0 PATSY MCCORNACK 2.00 X 0 0 0 MEG MERCIER 2.00 X 0 0 0 ANDREA QUIGLEY 2.00 X 0 0 0 MICHELE CASSVANT 2.00 X 0 0 0 PETER GETSINGER 2.00 X 0 0 0 ANNE BESSE SHEPHERD 2.00 X 0 0 0 DENYS WORTMAN 2.00 X 0 0 0 KATE HANCOCK 2.00 X 0 0 0 FRANCINE KELLY 40.00 X 22500 0 0 ANN SMITH 40.00 X 54000 0 0 CONSTANCE WILLIAMS 2.00 X 0 0 0 DEBBIE HALE 2.00 X 0 0 0 MARY SULLIVAN 2.00 X 0 0 0 76500 0 0 0 0 0 0 0 28265 171764 200029 WORKSHOPS AND CLASSES 611610 130828 130828 ART GALLERY 611610 25802 25802 156630 12719 12719 145618 27539 118079 118079 118079 94713 28265 0 94713 94713 OTHER MISC. EXEMPT INC 900099 5020 5020 5020 587190 161650 0 225511 X 76500 48600 5400 22500 5852 3718 413 1721 9490 9490 8423 8423 26476 23923 2553 11216 10655 561 17621 14098 3523 CONTRACT LABOR 88784 73330 15454 SPECIAL EVENTS 49320 49320 REPAIRS & MAINTENANCE 27492 24743 2749 SUPPLIES 26553 23259 3294 66955 61293 5662 414682 283619 57522 73541 52812 209100 14954 46915 1010 3759 700 1675 847070 279994 578616 567076 380367 402099 1028459 1230624 12918 7193 12918 7193 X 1006041 1198940 9500 24491 1015541 1223431 1028459 1230624 X 172508 35382 X X 0 1 X 1 0 X 133901 122465 149478 181715 200029 787588 235420 250227 230444 263189 251343 1230623 369321 372692 379922 444904 451372 2018211 0 0 0 2018211 16820 7862 10944 12485 12719 60830 16820 7862 10944 12485 12719 60830 3656 9280 5020 17956 386141 380554 394522 466669 469111 2096997 0.96240 0.96350 0.02900 0.03070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25150 25150 757912 223714 534198 64008 56280 7728 567076 OTHER MARKETABLE SECURITIES 402099 F 402099 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSTIONS, THE COMPANY 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, 2012 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 ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. 2012 ANNUAL GALA 47485 28265 19220 FLEA MARKET 22206 22206 11 53287 53287 122978 28265 94713 94713 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS GOVERNED BY A 20 MEMBER BOARD CONSISTING OF A FOUR MEMBER EXECUTIVE COMMITTEE AND A SIXTEEN 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. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART IX, LINE 24E INSURANCE: PROGRAM SERVICE EXPENSES 21,724. MANAGEMENT AND GENERAL EXPENSES 2,414. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,138. COST OF ARTWORK SOLD: PROGRAM SERVICE EXPENSES 16,568. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,568. UTILITIES: PROGRAM SERVICE EXPENSES 11,478. MANAGEMENT AND GENERAL EXPENSES 1,276. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,754. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 6,863. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,863. TELEPHONE: PROGRAM SERVICE EXPENSES 2,636. MANAGEMENT AND GENERAL EXPENSES 293. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,929. POSTAGE: PROGRAM SERVICE EXPENSES 1,718. MANAGEMENT AND GENERAL EXPENSES 91. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,809. LICENSES & PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 872. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 872. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 699. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 699. PRINTING & PUBLICATIONS: PROGRAM SERVICE EXPENSES 306. MANAGEMENT AND GENERAL EXPENSES 17. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INVESTMENTS 35,382. FORM 990, PART XII, LINE 2C: THE ORGANIZATION IS GOVERNED BY A TWENTY MEMBER BOARD AND AN EXECUTIVE DIRECTOR THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT.