MARINE SOCIETY AT SALEM: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: MARINE SOCIETY AT SALEM (EIN 04-2266264)
Tax period: 2012-09-01 to 2013-08-31
Filed: 2013-10-14
IRS object ID: 201322879349300852
Schema version: 2012v2.0
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
Form 990
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-10-14T12:15:09-07:00	Timestamp
Tax Period End Date	2013-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PAUL TAYLOR CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	62 PLEASANT STREET	AddressLine1
City	MARBLEHEAD	City
State	MA	State
ZIP Code	01945	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	042266264	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MARINE SOCIETY AT SALEM	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MARI	NameControl
Phone	8004260501	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 926	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ALBERT GOODHUE III	Name
Title	TREASURER	Title
Phone	8004260501	Phone
Date Signed	2013-09-27	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	PAUL TAYLOR	Name
Phone	7816316668	Phone
Date Prepared	2013-10-14	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ALBERT GOODHUE III	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	18 BROAD STREET	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	452259	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1850	YearFormation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	PROVIDE GRANTS TO MARITIME ORGANIZATIONS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Nbr Volunteers	6	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	984	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	167319	InvestmentIncomePriorYear
Investment Income Current Year	138325	InvestmentIncomeCurrentYear
Other Revenue Prior Year	133471	OtherRevenuePriorYear
Other Revenue Current Year	2875	OtherRevenueCurrentYear
Total Revenue Prior Year	301774	TotalRevenuePriorYear
Total Revenue Current Year	141200	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	55500	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	55700	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	12159	SalariesEtcPriorYear
Salaries Etc Current Year	12275	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	43450	OtherExpensePriorYear
Other Expenses Current Year	43933	OtherExpensesCurrentYear
Total Expenses Prior Year	111109	TotalExpensesPriorYear
Total Expenses Current Year	111908	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	190665	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	29292	RevenuesLessExpensesCY
Total Assets BOY	3242954	TotalAssetsBOY
Total Assets EOY	3462507	TotalAssetsEOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3242954	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	3462507	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE GRANTS TO MARITIME ORGANIZATIONS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	86625	Expense
Grants	55700	Grants
Description	PROMOTE AND ENCOURAGE INTEREST IN THE MARITIME HISTORY AND CONSERVATION OF MARITIME ARTIFACTS RELATING TO SALEM MASSACHUSETTS AND PROVIDE GRANTS TO ORGANIZATIONS AND INDIVIDUALS WITH MARITME ASSOCIATION	Description
Total Program Service Expense	86625	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	3	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	false	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ALBERT GOODHUE III	NamePerson
Telephone Number	9787451205	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 132	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
BENJAMIN SCHREVE II
MASTER	2.00	X	0	0	0
ALBERT GOODHUE III
TREASURER	5.00	X	3600	0	0
ALLAN VAUGHN
CLERK	5.00	X	3600	0	0
JOANIE V INGRAHAM
DEPUTY MASTER	5.00	X	0	0	0
GEORGE L NEEDHAM
ASST TREASURER	2.00	X	0	0	0
JONATHAN REARDON
QUARTERMASTER	2.00	X	3600	0	0
NO ENTRY
none	0.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	10800	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	100617	TotalRevenueColumn
Exclusion	$100,617	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	348767	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	311059	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	37708	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	37708	TotalRevenueColumn
Exclusion	$37,708	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER	Description
Business Code	999999	BusinessCode
Total Revenue Column	2875	TotalRevenueColumn
Related Or Exempt Function Income	2875	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	2875	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	141200	TotalRevenueColumn
Related Or Exempt Function Income	2875	RelatedOrExemptFunctionIncome
Exclusion	$138,325	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	52700	Total
Program Services	52700	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	3000	Total
Program Services	3000	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	10800	Total
Program Services	10800	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1475	Total
Program Services	1475	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	4375	Total
Program Services	0	ProgramServices
Management And General	4375	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	814	Total
Program Services	814	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	500	Total
Program Services	500	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	12673	Total
Program Services	12673	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
INSURANCE	1231	1231	0
INVESTMENT FEES	20908	0	20908
REPAIR & MAINTENANCE	1155	1155	0
OTHER	2277	2277	0

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	111908	Total
Program Services	86625	ProgramServices
Management And General	25283	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1600	BOY
EOY	1318	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	53410	BOY
EOY	183878	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	3187944	BOY
EOY	3277311	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3242954	BOY
EOY	3462507	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3242954	BOY
EOY	3462507	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3242954	BOY
EOY	3462507	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3242954	BOY
EOY	3462507	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	29292	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	190261	ReconciliationUnrealizedInvest
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collect Used For Preservation	X	CollectUsedForPreservation
Solicited Assets For Sale	false	SolicitedAssetsForSale

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	ExplanationExplanation
Pt III Line 4	PROMOTE AND ENCOURAGE INTEREST IN THE MARITIME HISTORY AND
	CONSERVATION OF MARITIME ARTIFACTS

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Pt I Line 2	Identifier
Explanation	AS PERSCRIBED BY BY-LAWS PAYMENT TO WIDOW OF SEAFARER	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 6	MEMBERS ARE DECEDENTS OF SEA CAPTAINS
Pt VI, Line 7a	ALL MEMBERS ARE ENTITLED TO VOTE
Pt VI, Line 8b	WRITTEN BOARD MEETINGS ARE KEPT AND FILED
Pt VI, Line 11b	TREASURER AND OFFICERS REVIEW THE 990 RETURN
Form 990, Part IX, Line 24f	OTHER COSTS

MARINE SOCIETY AT SALEM: Form 990, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

Investment Income InvestmentIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Gain Or Loss GainOrLoss

Net Gain Or Loss Investments NetGainOrLossInvestments

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Grants To Domestic Individuals GrantsToDomesticIndividuals

Comp Current Officers Directors CompCurrentOfficersDirectors

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Office Expenses OfficeExpenses

Occupancy Occupancy

Conferences Meetings ConferencesMeetings

Other Expenses OtherExpenses (4 entries)

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Total Assets TotalAssets

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule D IRS990ScheduleD

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

Schedule I IRS990ScheduleI

Form990 Schedule I Part IV Form990ScheduleIPartIV

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Comments