2013-06-27T11:53:40-05:00 2012-12-31 042993500 JON R MORSE CPA PC 38 PLEASANT STREET GLOUCESTER MA 019305943 990 2012-01-01 042143545 CAPE ANN HISTORICAL ASSOCIATION CAPE 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 ARTHUR RYAN 9782830455 2013-06-18 1 JON R MORSE P00438625 9782832224 2013-06-18 2012 2016-02-25 16:41:14Z CAPE ANN MUSEUM ARTHUR RYAN 27 PLEASANT STREET GLOUCESTER MA 01930 3680586 0 X WWW.CAPEANNHISTORICALMUSEUM.ORG X 1873 MA TO FOSTER AN APPRECIATION OF THE QUALITY AN DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY. 22 22 20 145 0 0 983858 2310928 84990 76616 450163 389520 27010 60878 1546021 2837942 0 0 0 0 439471 493924 9023 5025 111268 1017494 881172 1465988 1380121 80033 1457821 11620999 13322469 28441 40186 11592558 13282283 X TO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVEMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY. 0 0 1031555 101950 PURPOSES ARE OWNERSHIP,OPERATION,PRESERVATION, EXHIBITIONS AND EDUCATION OF HISTORICAL BUILDINGS,OBJECTS,RECORDS AND WORKS OF ART. PERSONS BENEFITING INCLUDE ASSOCIATION MEMBERS AND THE GENERAL PUBLIC. 1031555 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 25 0 1 20 1 0 0 0 0 0 1 1 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X THE ASSOCIATION 9782830455 27 PLEASANT STREET GLOUCESTER MA 01930 X JOHN CUNNINGHAM III 5.00 X X 0 0 0 JJBELL 5.00 X X 0 0 0 ARTHUR RYAN 5.00 X X 0 0 0 DAVID PORPER 5.00 X X 0 0 0 ANDREW SPINDLER 1.00 X 0 0 0 KERMIT BIRCHFIELD 1.00 X 0 0 0 HERBERT COLLINS 1.00 X 0 0 0 LISA REYNOLDS RICH 1.00 X 0 0 0 RICHARD TADLER 1.00 X 0 0 0 STEPHANIE GASKINS 1.00 X 0 0 0 SAMUEL HOLDSWORTH 1.00 X 0 0 0 WILLIAM JAMES 1.00 X 0 0 0 PAUL LITTLEFIELD 1.00 X 0 0 0 RON NICKERSON 1.00 X 0 0 0 BONNIE COVINGTON 1.00 X 0 0 0 WILLIAM CROSS 1.00 X 0 0 0 WILLIAM LYNCH 1.00 X 0 0 0 ROBERT BACHELDER 1.00 X 0 0 0 PEARCE COUES 1.00 X 0 0 0 STEVIE NEAL 1.00 X 0 0 0 HINDA SIMON 1.00 X 0 0 0 THOMAS HOVEY 1.00 X 0 0 0 0 0 0 0 0 0 0 0 224900 2086028 39865 2310928 ADMISSIONS 900099 58609 58609 ART EXHIBITS & PROGRAM 900099 18007 18007 76616 277450 277450 894940 782870 112070 112070 112070 58998 23454 35544 35544 61654 36320 25334 25334 2837942 101950 0 425064 68128 17032 34064 17032 378869 240034 79020 59815 5434 2652 1888 894 41493 23853 10503 7137 35091 35091 5025 5025 21479 21479 36241 36241 61483 37240 8482 15761 13253 11928 1325 127779 115001 11500 1278 162897 146607 14661 1629 24266 20303 3562 401 PROGRAMS 150041 150041 REPAIR AND MAINTENANCE 111849 100664 11185 COLLECTION ACQUISITIONS 37400 37400 COLLECTION MANAGEMENT 36644 36644 62749 55915 5863 971 1380121 1031555 237298 111268 274931 82873 226404 893211 253370 947063 160004 120004 19840 23055 14003 15900 5999233 2645512 3397549 3353721 7245287 7830319 29610 56322 1 1 11620999 13322469 27620 39155 821 1031 28441 40186 X 9472334 9527986 196650 1724249 1923574 2030048 11592558 13282283 11620999 13322469 1457821 231904 0 X X 0 1 X 1 0 X 677012 589628 713536 983858 2310929 5274963 120105 152067 147716 148302 197268 765458 797117 741695 861252 1132160 2508197 6040421 256000 175000 300435 649974 1190558 2571967 0 256000 175000 300435 649974 1190558 2571967 3468454 295362 234635 309312 315015 277450 1431774 295362 234635 309312 315015 277450 1431774 1092479 976330 1170564 1447175 2785647 7472195 0.46420 0.46970 0.19160 0.23830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 3923573 176175 69700 4030048 3970936 40319 87682 3923573 3864016 175783 68863 3970936 3702217 231991 70192 3864016 4126942 -360035 64690 3702217 0.50000 0.50000 0.00000 0 0 331038 331038 5513769 2529604 2984165 77786 55732 22054 76640 60176 16464 3353721 FIXED INCOME INVESTMENTS 2852502 F MONEY MARKETS 110385 F STOCKS & MUTUAL FUNDS 4867432 F 7830319 SALES TAXES PAYABLE 1031 1031 X 3129621 231904 59775 291679 2837942 0 2837942 1439896 59775 59775 1380121 0 1380121 PART III, LINE 1A: NOTE 5 OF FINANCIAL STATMENTS - COLLECTIONS: "COLLECTIONS CONSIST OF WORKS OF ART, OBJECTS, ARTIFACTS AND RECORDS REFLECTIVE OF CAPE ANN AND ITS FISHING HERITAGE. COLLECTION ITEMS, WHETHER PURCHASED OR DONATED, ARE NOT CAPITALIZED BECAUSE THEIR INTRINSIC VALUE IS NOT SUSCEPTIBLE TO REASONABLE ESTIMATION. THE COLLECTION IS CARRIED AT $1.00. IT IS THE POLICY OF THE ASSOCIATION THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS WILL BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS, WHICH ARE THEN CHARGED AS COLLECTION ACQUISITION EXPENSES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMENANTLY RESTRICTED ENDOWMENTS PROVIDE INCOME TO SUPPORT CURRENT OPERATIONS. THE BOARD RESTRICTED ENDOWMENTS ARE HELD TO PROVIDE FINANCIAL SECURITY IN THE FUTURE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IN 2009, THE MUSEUM ADOPTED TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS REQUIRED BY THIS TOPIC, MANAGEMENT OF THE MUSEUM HAS EVALUATED ITS TAX POSITIONS, APPLYING A "MORE LIKELY THAN NOT" STANDARD, AND BELIEVES THAT THERE WOULD BE NO MATERIAL CHANGES TO THE RESULTS OF ITS OPERATIONS OR FINANCIAL POSITION AS A RESULT OF AN AUDIT BY APPLICABLE TAXING AUTHORITIES, FEDERAL OR STATE. THE MUSEUM HAS FILED ALL OF ITS KNOWN REQUIRED RETURNS IN A TIMELY MANNER INCLUDING AS PERMITTED ALLOWED EXTENSIONS. ACCORDINGLY, MANAGEMENT BELIEVES THAT TAX YEARS 2009, 2010, AND 2011 REMAIN OPEN YEARS AND SUBJECT TO REVIEW. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD-NETTED WITH INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING CAPTAIN'S PARTY 29864 29864 8105 1100 2807 WOMEN'S LUNCHEON 29134 29134 9863 1579 58998 58998 17968 1100 4386 23454 35544 1 X 0 0 0 0 0 0 0 0 0 X 26 X 2 39865 MARKET VALUE X 11 0 0 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE MUSEUM HAS ADOPTED ACCOUNTING PRINCIPLES UNDER SFAS 116 WHEREIN IT DOES NOT CAPITALIZE DONATIONS ARTWORK AND HISTORICAL ARTIFACTS TO ITS COLLECTIONS AND THEREFORE THE RELATED REVENUE IS ALSO NOT RECOGNIZED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE REQUIRED TO PAY AN ANNUAL MEMBERSHIP FEE. THERE IS ONLY ONE CLASS OF MEMBERS AND ALL MEMBERS HAVE THE SAME RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT OTHER MEMBERS TO THE BOARD OF DIRECTORS, USUALLY AT THE ANNUAL MEETING WHICH OCCURS EVERY MAY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL CURRENT AND FUTURE BOARD MEMBERS ARE GIVEN A COPY OF CONFLICT OF INTEREST POLICY AND THEY ARE REQUIRED TO SIGN A REGISTRY INDICATING THEY HAVE RECEIVED AND READ THE POLICY. THE REGISTRY IS MAINTAINED BY THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS AND THE EXECUTIVE COMMITTEE REVIEW COMPARABILITY DATA FROM THE NEW ENGLAND MUSEUM ASOCIATION COMPENSATION SURVEY AND SUBSEQUENTLY APPROVE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTORS AND OTHE KEY EMPLOYEES. OFFICERS AND TRUSTEES OF THE BOARD ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION, IN 2009, COMPLETED WORK ON CONFLICT OF INTEREST, DOCUMENT RETENTION, AND WHISTLEBLOWER POLICIES. THIS INFORMATION, AS WELL AS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. OVERSIGHT COMMITTEE PART XI, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE AND A NEWLY FORMED AUDIT COMMITTEE THAT OVERSEES THE AUDIT ANNUALLY.