2012-11-27T06:55:43-08:00 2011-12-31 ALLAN SMITH CPA 56 N MAIN ST STE 410 FALL RIVER MA 02720 990 2011-01-01 237102744 HERRESHOFF MARINE MUSEUM HERR 4012535000 ONE BURNSIDE STREET BRISTOL RI 02809 LAWRENCE D LAVERS 4012535000 2012-11-14 true ALLAN SMITH 5089460530 2012-11-14 2011 2016-02-24 21:20:13Z LAWRENCE D LAVERS ONE BURNSIDE STREET BRISTOL RI 02809 1114114 false X WWW.HERRESHOFF.ORG X 1971 RI INTERPRETATION OF THE HISTORY AND ACCOMPLISHMENTS OF THE HERRESHOFF MFG CO. AND THE AMERICA'S CUP. 23 22 20 100 0 556590 649088 395657 164215 398 43325 16801 -33613 969446 823015 0 0 479044 380154 12000 92012 845870 688622 1324914 1080776 -355468 -257761 5361031 5103456 1660945 1721038 3700086 3382418 THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE false false 462438 330344 MUSEUM ACTIVITIES: THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE INSPIRATION AND EDUCATION OF THE PUBLIC THROUGH THE PRESENTATION OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. VISITORS TO THE MUSEUM HAVE AN OPPORTUNITY TO EXPLORE THE WORLD'S LARGEST COLLECTION OF ANY ONE NAVAL ARCHITECT'S LIFE WORK. THE GENIUS OF THE HERRESHOFF BROTHERS IS UNSURPASSED WITH THEIR COMBINATION OF BUSINESS ACUMEN AND ENGINEERING EXCELLENCE. 211466 111553 PROGRAM ACTIVITIES INCLUDING: THE SEAMANSHIP PROGRAM, LECTURES, THE MENTORSHIP PROGRAM IN CLASSIC BOAT MAINTENANCE, AND EDUCATIONAL PARTNERSHIP. THE MENTORSHIP PROGRAM IN CLASSIC BOAT MAINTENANCE PROVIDES A HANDS-ON EXPERIENCE IN HELPING TO CARE FOR THE MUSEUM'S ACTIVE-USE COLLECTION OF WATERCRAFT. THE SEAMANSHIP PROGRAM'S PRIMARY GOALS ARE TO TEACH SAILING SKILLS AND WATER AWARENESS, TO INSTILL A LOVE OF THE MARINE ENVIRONMENT, AND TO CREATE LIFELONG SAILORS. 8290 3842 CLASSIC YACHT SYMPOSIUM: THESE EVENTS INCLUDE PRESENTATIONS ON SUBJECTS RELATIVE TO THE EXCELLENCE IN CLASSIC YACHT RESTORATION, REPLICATION, OR USE; ADAPTATION OF CLASSIC DESIGNS TO MODERN MATERIALS, AND TECHNICAL DETAILS OF RIGGING, FITTING, POWERING AND RATING RULES. THE EVENT'S PROCEEDINGS (THE ASSEMBLAGE OF PAPERS AND DISCUSSIONS PROVIDED DURING THE SYMPOSIUM AS WELL AS NOTEWORTY PAPERS NOT PRESENTED) ARE DISTRIBUTED TO THE HUNDREDS OF BUILDERS, DESIGNERS, OWNERS, AND ENTHUSIASTS WHO ATTEND 682194 true true false false false false false true false true true false false false true true false true false false false false false true true false false false false false false false false true false true true true true false false false false true false false false true 20 0 true 20 true true true false false false false true true false false false true true false X 23 22 true false true false true true true true true false false true true true true true true true true false X X LYDIA BERGERON 4012535000 ONE BURNSIDE STREET BRISTOL RI 02809 ALFRED G BISSET 2.00 X X 0 0 0 DAVID C BURNHAM 1.00 X 0 0 0 BERNARD GUSTIN 1.00 X 0 0 0 DAVID CURTIN 4.00 X 0 0 0 JANICE G DAVISON 1.00 X 0 0 0 DAVID FORD 3.00 X X 0 0 0 ERIC GOETZ 1.00 X 0 0 0 ELIZABETH GRANOFF 1.00 X 0 0 0 DAVID HIBBITT 1.00 X 0 0 0 HALSEY C HERRESHOFF 1.00 X 0 0 0 HALSEY C HERRESHOFF II 1.00 X 0 0 0 MARSHALL LAWSON 1.00 X 0 0 0 JOOP NAGTEGAAL 1.00 X 0 0 0 JAY REPASS 1.00 X 0 0 0 CHRISTOPHER RUTH 1 X MICHAEL WARREN 2 X X CHRISTOPHER WICK 1 X ANDREW TYSKA 1 X WILLIAM DYER JONES 40 X X 62931 5606 ROBERT YARO 1 X GEORGE LUCAS 1 X BRAD SHIPP 1 X LAWRENCE D LAVERS 40 X X 25436 1218 88367 6824 0 false false false 0 46736 602352 649088 MUSEUM ACTIVITIES 611710 83747 ADMISSIONS 611710 44221 WATERFRONT PROGRAMS 611710 10745 SAILING SCHOOL 611600 17061 MISCELLANOUS REVENUE 900099 8441 164215 -1906 -1906 115376 159310 -43934 -43934 -43934 45231 45231 45231 45231 87312 85500 62799 24513 24513 54798 68990 -14192 -14192 823015 151320 22607 100958 13788 50249 36921 242793 147334 71987 23472 11886 6080 3998 1808 24517 10820 9659 4038 17729 1781 15948 0 77023 0 77023 0 12000 12000 41154 0 36722 4432 3652 3652 0 0 24426 7391 13677 3358 13865 4622 9243 0 55242 55242 0 0 4919 3061 0 1858 13056 13056 0 0 215987 210556 5431 0 38916 34916 4000 0 MISCELLANEOUS 1136 1136 0 0 OTHER MUSEUM ACTIVITIES 22803 22803 0 0 OTHER PROGRAM ACTIVITIES 17474 17474 0 0 DUES AND SUBSCRIPTIONS 127 0 127 0 141113 128482 8506 4125 1080776 682194 306570 92012 33626 51382 132763 144679 189759 157717 20824 11666 25000 98947 11786 10250 10392 7177069 2704824 4617822 4472245 142624 156200 19081 13650 70335 73739 5361031 5103456 349120 190103 5725 5730 50000 1306100 1297411 177794 1660945 1721038 X 3122217 2834389 441019 395619 136850 152410 3700086 3382418 5361031 5103456 X -257761 -59907 X X false true true X false X 657464 900814 1101216 556590 649088 3865172 657464 900814 1101216 556590 649088 3865172 560521 3304651 254713 12280 1107 398 -1906 266592 26218 8 26226 4157990 1984562 0.79480 0.81010 X 0 0 0 EXPLANATION FOR OTHER INCOME : MISCELLANEOUS INCOME; OTHER INCOME PART II, LINE 10; DESCRIPTION: OTHER INCOME; 2007: 26218.; 2008: 8.; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 136850 15560 -1906 -1906 152410 135650 1200 399 399 136850 132073 3577 135650 0.00000 1.00000 0.00000 false false 531385 531385 3352614 1515468 1837146 13765 5974 7791 583311 400164 183147 2695994 783218 1912776 4472245 DERIVATIVE LIABILITY 177794 177794 Pt III Line 1a THE COLLECTION, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTION SINCE THE ORGANIZATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. THE COLLECTION ARE ITEMS OF HISTORICAL SIGNIFICANCE THAT ARE HELD BY THE ORGANIZATION TO BE PRESERVED AND PROTECTED. SUCH COLLECTIONS, WHICH CONSIST OF YACHTS, DESIGNS, BOOKS, PHOTOS AND OTHER MEMORABILIA ARE MADE AVAILABLE TO THE GENERAL PUBLIC FOR STUDY AND VIEWING. PURCHASES OF COLLECTION ITEMS ARE RECORDED Pt III Line 1a AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR ACQUIRED, OR AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY THE DONOR. THE ORGANIZATION PROVIDES RESOURCES TO ENSURE THE COLLECTION IS PROTECTED AND PRESERVED IN ACCORDANCE WITH THE POLICIES OF THE AMERICAN ASSOCIATION OF MUSEUMS. Pt III Line 4 THE HERRSHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE EDUCATION AND INSPIRATION OF THE PUBLIC THROUGH THE PRESENTATION OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. IT IS THE POLICY OF THE ORGANIZATION TO COLLECT AND PRESERVE OBJECTS, DOCUMENTARY MATERIALS, AND RELATED INTELLECTUAL PROPERTY THAT MAY BE USED FOR EXHIBITIONS, INTERPRETATION,RESEARCH, OR OTHER APPLICATIONS IN SUPPORT OF THE MISSION. THE OBLIGA Pt X THE ORGANIZATION RECORDS ITS TAX POSITIONS IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION NO. 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS AMENDED BY ACCOUNTING STANDARDS UPDATE NO. 2009-06,IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES. THE ORGANIZATION DEEMS ITS NOT-FOR-PROFIT STATUS AND THE IDENTIFICATION AND REPORTING OF UNRELATED BUSINESS INCOME AND THE ALLOCATION OF RELATED EXPENSES TO THIS UNREL X X X X X X X true IMPRIMA MANAGEMENT SERVICES INC FUNDRAISING SUPPORT false 25000 12000 13000 25000 12000 13000 4Oth ANNIVERSARY GALA 210440 143372 67068 27870 26606 5097 14850 REGATTA/BULLSEYE 11374 11374 4685 1067 11868 11868 8290 1900 2711 233682 143372 90310 27870 39581 6997 18628 93076 -2766 WILLIAM DYER JONES COMP. PACKAGE X 25000 false true true DAVID FORD WORKING CAPITAL LOAN X 25000 25000 false true true LINC MOSSOP WORKING CAPITAL LOAN X 25000 25000 false true true 50000 IMPRIMA MGNT SERVICES INC KEY MANAGEMENT 12000 FUNDRAISING CONSULTANT false ERIK LAVERS KEY MANAGEMENT 9270 EMPLOYEE false ELLIOTT GRANOFF BOARD MEMBERSHIP 2375 EMPLOYEE false FUNDRAISING SUPPORT 29246 ESTIMATE-FACE VALUE PROFESSIONAL SVC 420 18599 MARKET FAIR VALUE EST. SOFTWARE 13406 MARKET VALUE EST. false false true Pt I Line 32b Form 990 THE ORGANIZATION USES HERRESHOFF MARINE DESIGN FOR THE BROKERAGE Pt I Line 32b Form 990 OF CERTAIN VESSELS. Pt VI, Line 2 HALSEY HERRESHOFF (BOARD DIRECTOR)AND HALSEY Pt VI, Line 2 HERRESHOFF II (BOARD DIRECTOR) ARE RELATED. Pt VI, Line 4 THE CORPORATE BY-LAWS WERE REVISED AND ADOPTED. Pt VI, Line 6 HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. Pt VI, Line 6 THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR Pt VI, Line 6 THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE Pt VI, Line 6 EXPIRED AND FOR THE TRANSACTIONS OF SUCH OTHER BUSINESS AS MAY PROPERLY COME Pt VI, Line 6 BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON Pt VI, Line 6 OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP IS ONE VOTE. EACH FAMILY OR Pt VI, Line 6 GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE Pt VI, Line 6 ENTITLED TO ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE Pt VI, Line 6 ACTIVITIES OF THE ORGANIZATION DURING THE PRECEDING FISCAL YEAR. THE TREASURER Pt VI, Line 6 WILL REPORT ON THE FISCAL CONDITION OF THE ORGANIZATION DURING THE PRECEDING Pt VI, Line 6 FISCAL YEAR. Pt VI, Line 7a HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. Pt VI, Line 7a THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR Pt VI, Line 7a THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE Pt VI, Line 7a EXPIRED AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME Pt VI, Line 7a BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON Pt VI, Line 7a OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP IS ONE VOTE. EACH FAMILY OR Pt VI, Line 7a GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE Pt VI, Line 7a ENTITLED TO ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE Pt VI, Line 7a ON THE ACTIVITIES OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. THE TREASURER Pt VI, Line 7a WILL REPORT ON THE FISCAL CONDITION OF THE MUSEUM DURING THE PRECEDING Pt VI, Line 7a FISCAL YEAR. Pt VI, Line 7b HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS Form 990, Part IX, Line 24f PAYROLL PROCESSING 1859. 0. 1859. 0. DEVELOPMENT AND CULTIVATION 4125. 0. 0. 4125. BANK FEES 4872. 4000. 872. 0. PRINTING AND PUBLICATIONS 130257. 124482. 5775. 0. Pt VI, Line 7b THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP Pt VI, Line 7b FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE Pt VI, Line 7b EXPIRED AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME Pt VI, Line 7b BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON Pt VI, Line 7b OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP SHALL BE Pt VI, Line 7b DEEMED TO ONE MEMBER AND SHALL COLLECTIVELY BE ENTITLED TO Pt VI, Line 7b ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE ACTIVITIES Pt VI, Line 7b OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. THE TREASURER Pt VI, Line 7b WILL REPORT ON THE FISCAL CONDITION OF THE MUSEUM DURING THE Pt VI, Line 7b PRECEDING FISCAL YEAR. Pt VI, Line 11a THE CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER Pt VI, Line 11a AND THE ORGANIZATION'S EXECUTIVE COMMITTEE ARE ASSIGNED Pt VI, Line 11a THE RESPONSIBILITY FOR THE REVIEW AND APPROVAL OF Pt VI, Line 11a ALL INFORMATION AND TAX FILINGS FOR THE FEDERAL GOVERNMENT Pt VI, Line 11a AND STATE OF RHODE ISLAND. Pt VI, Line 12c THE DIRECTORS PROVIDE SELF-DECLARATION OF POSSIBLE CONFLICTS Pt VI, Line 12c OF INTEREST AS PART OF THE ANNUAL MEETING RESPONSIBILITIES. Pt VI, Line 12c POTENTIAL CONFLICTS IDENTIFIED ARE REVIEWED AND APPROVED Pt VI, Line 12c IF APPROPRIATE AS A PART OF THE BOARD OF DIRECTORS' Pt VI, Line 12c ROUTINE RESPONSIBILITIES. Pt VI, Line 15 SALARIES ARE INFORMALLY REVIEWED AND APPROVED BY THE Pt VI, Line 15 BOARD OF DIRECTORS THROUGH THE REVIEW AND APPROVAL OF THE Pt VI, Line 15 OPERATING BUDGET ANNUALLY. Pt VI, Line 19 THE ORGANIZATION MAKES ALL FEDERAL AND STATE OF RHODE Pt VI, Line 19 ISLAND INFORMATION FILINGS, AND GOVERNING DOCUMENTS AVAILABLE Pt VI, Line 19 UPON FORMAL REQUEST. VARIOUS COMPANIES MAKE THESE FILING Pt VI, Line 19 AND THE AUDITED FINANCIAL STATEMENTS AVAILABLE. Pt XI LINE 5 : CHANGE IN NET ASSETS: Pt XI UNREALIZED LOSS ON INTEREST RATE SWAP $59,907 Pt XII, Line 2c THE FINANCE COMMITTEE AS A COMMITTEE OF THE BOARD OF Pt XII, Line 2c DIRECTORS, REVIEWS AND APPROVES THE AUDITOR SELECTION FOR Pt XII, Line 2c RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION 1 BURNSIDE STREET BRISTOL RI 02809 263689010 REAL PROPERTY RI HERRESHOFF MARINE MUSEUM C 3404 73739 0.78000 false false false false false false false false false false true false true false false true false false HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION n 2000 ESTIMATE HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION m 500 ESTIMATE HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION p ACTUAL COST