FURP.ORG / PUBLIC DATA EXPLORER

NANTUCKET ATHENEUM: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
NANTUCKET ATHENEUM (EIN 04-2104412)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-03-02
IRS object ID
201110619349300201
Schema version
2009v1.7
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-03-02T08:17:36-06:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1BOLLUS LYNCH LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line189 SHREWSBURY STREETAddressLine1
CityWORCESTERCity
StateMAState
ZIP Code01604ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042104412EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1NANTUCKET ATHENEUM INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNANTNameControl
Phone5082281110Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 808AddressLine1
CityNANTUCKETCity
StateMAState
ZIP Code02554ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMOLLY ANDERSONName
TitleEXECUTIVE DIRECTORTitle
Phone5082281110Phone
Date Signed2011-01-15DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBarbara E KingName
Phone5087557107Phone
Date Prepared2011-02-23DatePrepared
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMOLLY ANDERSONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1ONE INDIA STREET PO BOX 808AddressLine1
CityNANTUCKETCity
StateMAState
ZIP Code02554ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3107781GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.NANTUCKETATHENEUM.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1834YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE NANTUCKET ATHENEUM MAINTAINS CIRCULATING, CHILDREN'S, AND RESEARCH LIBRARIES AS WELL AS AN EXTENSIVE COLLECTION OF ARTWORK AND EXHIBITS ON DISPLAY TO THE PUBLIC.ActivityOrMissionDescription
Nbr Voting Members Governing Body25NbrVotingMembersGoverningBody
Nbr Independent Voting Members25NbrIndependentVotingMembers
Total Nbr Employees28TotalNbrEmployees
Total Nbr Volunteers165TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1266195ContributionsGrantsPriorYear
Contributions Grants Current Year1738829ContributionsGrantsCurrentYear
Program Service Revenue Prior Year40372ProgramServiceRevenuePriorYear
Program Service Revenue CY47191ProgramServiceRevenueCY
Investment Income Prior Year308504InvestmentIncomePriorYear
Investment Income Current Year202965InvestmentIncomeCurrentYear
Other Revenue Prior Year489095OtherRevenuePriorYear
Other Revenue Current Year501269OtherRevenueCurrentYear
Total Revenue Prior Year2104166TotalRevenuePriorYear
Total Revenue Current Year2490254TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year1083752SalariesEtcPriorYear
Salaries Etc Current Year1083745SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year256116TotalFundrsngExpCurrentYear
Other Expense Prior Year791612OtherExpensePriorYear
Other Expenses Current Year823078OtherExpensesCurrentYear
Total Expenses Prior Year1875364TotalExpensesPriorYear
Total Expenses Current Year1906823TotalExpensesCurrentYear
Revenues Less Expenses Prior Year228802RevenuesLessExpensesPriorYear
Revenues Less Expenses CY583431RevenuesLessExpensesCY
Total Assets BOY10151349TotalAssetsBOY
Total Assets EOY11393348TotalAssetsEOY
Total Liabilities BOY25304TotalLiabilitiesBOY
Total Liabilities EOY70794TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY10126045NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY11322554NetAssetsOrFundBalancesEOY
Mission DescriptionThe Nantucket Atheneum, a private non-profit organization provides public library service to the island's year-round and seasonal residents, housed in a historic 1847 building and the Weezie Library for Children. The Atheneum collects, organizes and disseminates books, literature and other materials in a variety of formats to help users of all ages meet their recreational, personal, professional and intellectual needs. In keeping with its heritage, the Atheneum also serves as a cultural center for the Nantucket community by sponsoring educational programming and maintaining special collections related to the history and culture of the island.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1361864Expense
Revenue88907Revenue
DescriptionOPERATION OF A PUBLIC LIBRARY FOR THE TOWN OF NANTUCKETDescription
Total Program Service Expense1361864TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art1CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization1BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity1DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109642NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees28NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions1QuidProQuoContributions
Quid Pro Quo Disclosure1QuidProQuoDisclosure
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Form8899 Filed0Form8899Filed
Form1098 C Filed0Form1098CFiled
Excess Business Holdings0ExcessBusinessHoldings
Taxable Distributions0TaxableDistributions
Distribution To Donor0DistributionToDonor
Nbr Voting Governing Body Members25NbrVotingGoverningBodyMembers
Number Independent Voting Members25NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1AMY CABREBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5082281110TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11 india streetAddressLine1
CityNANTUCKETCity
StateMAState
ZIP Code02554ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (32 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployee
STEVE ANDERSON
VICE CHAIRMAN2.00X000
MARIE FIELD
TRUSTEE2.00X000
THARON DUNN
TRUSTEE2.00X000
DOUGLASS N ELLIS
TRUSTEE2.00X000
ALICE F EMERSON
CHAIRMAN2.00X000
LUCILLE JORDAN
TRUSTEE2.00X000
ALAN FORSTER
TREASURER2.00X000
TIMOTHY M GEORGE
TRUSTEE2.00X000
ELIZABETH GRUBBS
TRUSTEE2.00X000
EMMY KILVERT
TRUSTEE2.00X000
KATHRYN KAY
TRUSTEE2.00X000
A STEVEN PERELMAN
TRUSTEE2.00X000
MARION MARTIN
TRUSTEE2.00X000
ANN B OLIVER
TRUSTEE2.00X000
JUDITH TINDAL OPATRNY
TRUSTEE2.00X000
JANE TYLER
TRUSTEE2.00X000
THOMAS RHODES
TRUSTEE2.00X000
DONALD M STEWART
TRUSTEE2.00X000
ELLEN ROMAN
TRUSTEE2.00X000
RONALD WINTERS
TRUSTEE2.00X000
ROBERT F MOONEY
PRESIDENT EMERITI2.00X000
NAN GESCHKE
TRUSTEE EMERITI2.00X000
NANCY NEWHOUSE
TRUSTEE EMERITI2.00X000
LUCILE HAYS
HONORARY TRUSTEE2.00X000
MARCIA P WELCH
TRUSTEE2.00X000
JOHN W LOOSE
CHAIRMAN EMERITUS2.00X000
JEANNE CASEY MILLER
TRUSTEE2.00X000
WILLIAM J CHARLTON
TRUSTEE2.00X000
BERNARD L SWAIN
TRUSTEE2.00X000
MARGARET GAFFNEY BENEDIC
TRUSTEE2.00X000
MOLLY ANDERSON
EXECUTIVE DIRECTOR37.50141230015795XX
AMY CABRE
BUSINESS MANAGER30.0059750015652X
FieldValueIRS element (for citing)
Total Reportable Comp From Org200980TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation31447TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Government Grants628900GovernmentGrants
All Other Contributions1109929AllOtherContributions
Total Contributions1738829TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionPROGRAMSDescription
Business Code713990BusinessCode
Total Revenue Column47191TotalRevenueColumn
Related Or Exempt Function Income47191RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue47191TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column202089TotalRevenueColumn
Exclusion$202,089ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities327000Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities326124Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities876Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column876TotalRevenueColumn
Related Or Exempt Function Income876RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Gross Income Fundraising Events751832GrossIncomeFundraisingEvents
Fundraising Direct Expenses291403FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column460429TotalRevenueColumn
Exclusion$460,429ExclusionAmount
FieldValueIRS element (for citing)
Gross Sales Of Inventory29396GrossSalesOfInventory

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column29396TotalRevenueColumn
Related Or Exempt Function Income29396RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHERDescription
Business Code713990BusinessCode
Total Revenue Column11444TotalRevenueColumn
Related Or Exempt Function Income11444RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue11444TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2490254TotalRevenueColumn
Related Or Exempt Function Income88907RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$662,518ExclusionAmount

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total839304Total
Program Services566391ProgramServices
Management And General191573ManagementAndGeneral
Fundraising81340Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total179350Total
Program Services130663ProgramServices
Management And General21972ManagementAndGeneral
Fundraising26715Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total65091Total
Program Services43910ProgramServices
Management And General15601ManagementAndGeneral
Fundraising5580Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total93923Total
Program Services2447ProgramServices
Management And General26923ManagementAndGeneral
Fundraising64553Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total38779Total
Program Services13096ProgramServices
Management And General6148ManagementAndGeneral
Fundraising19535Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total221413Total
Program Services199271ProgramServices
Management And General11071ManagementAndGeneral
Fundraising11071Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total18020Total
Program Services13533ProgramServices
Management And General1638ManagementAndGeneral
Fundraising2849Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total219605Total
Program Services197645ProgramServices
Management And General10980ManagementAndGeneral
Fundraising10980Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesFundraisingFundraisingManagement And GeneralManagementAndGeneral
BOOKS, PERIODICALS & FI9417894178
PROGRAMS & EVENTS56244509415303
MEMBERSHIPS - CLAMS3326432793471
PRINTING22330142620904
PROMOTION19531138484732951

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total5791Total
Program Services1722ProgramServices
Management And General1515ManagementAndGeneral
Fundraising2554Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1906823Total
Program Services1361864ProgramServices
Management And General288843ManagementAndGeneral
Fundraising256116Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY1388909BOY
EOY2074355EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY46083BOY
EOY267800EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY44688BOY
EOY24875EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis5163861LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec2869499LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2423903BOY
EOY2294362EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY6247766BOY
EOY6731956EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY10151349BOY
EOY11393348EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY25304BOY
EOY70794EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY25304BOY
EOY70794EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY5444106BOY
EOY5981010EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY527715BOY
EOY1180594EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4154224BOY
EOY4160950EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10126045BOY
EOY11322554EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10151349BOY
EOY11393348EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee0AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2291402CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1520514CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1471258CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1209868CurrentTaxYearMinus1Year
Current Tax Year1738829CurrentTaxYear
Total8231871Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2291402CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1520514CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1471258CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1209868CurrentTaxYearMinus1Year
Current Tax Year1738829CurrentTaxYear
Total8231871Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total77602AmountsSubstContributorsTotal
Public Support Total1708154269PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years108615CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years113043CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years160329CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year308692CurrentTaxYearMinus1Year
Current Tax Year202089CurrentTaxYear
Total892768Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years4000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years4640CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year22276CurrentTaxYearMinus1Year
Current Tax Year29396CurrentTaxYear
Total60312Total
FieldValueIRS element (for citing)
Total Support9184951TotalSupport
Gross Receipts From Admissions Etc5258615GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.88780PublicSupportPertcentage170
Public Support Pertcent Prior Year0.86940PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For PreservationXCollectUsedForPreservation
Collect Used For Loan Or Exch PrgrmsXCollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale0SolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance6247766BeginningOfYearBalance
Investment Earnings Or Losses811190InvestmentEarningsOrLosses
Other Expenditures327000OtherExpenditures
End Of Year Balance6731956EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance7462203BeginningOfYearBalance
Contributions129200Contributions
Investment Earnings Or Losses-1036185InvestmentEarningsOrLosses
Other Expenditures-296000OtherExpenditures
End Of Year Balance6259218EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.33600BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.66400PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis20000OtherCostOrOtherBasis
Book Value20000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis4543252OtherCostOrOtherBasis
Depreciation2335943Depreciation
Book Value2207309BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis600609OtherCostOrOtherBasis
Depreciation533556Depreciation
Book Value67053BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2294362TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
REAL ESTATE500000F
EQUITY BASED MUTUAL FUNDS6231956F
FieldValueIRS element (for citing)
Total Of Book Value Securities6731956TotalOfBookValueSecurities
Total Revenue2490254TotalRevenue
Total Expenses1906823TotalExpenses
Excess Or Deficit For Year583431ExcessOrDeficitForYear
Net Unrealized GL On Investments613078NetUnrealizedGLOnInvestments
Total Adjustments613078TotalAdjustments
Excess Or Deficit Per FS1196509ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt3103332TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments613078NetUnrealizedGainsInvestments
Revenue Not Rptd F990613078RevenueNotRptdF990
Revenue Subtotal2490254RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9902490254TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1906823TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1906823ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901906823TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
Part III, Line 1a:As allowed by accounting principles generally accepted in the United States of America and following the practices of many museums, the Atheneum has not capitalized its collection of items of historical nature and other related objects purchased or donated. The collection is held for public exhibition, education, or research in furtherance of public service rather than financial gain. The Atheneum continually reviews its collection and may deaccess or acquire additional items. Expenditures for additional collection items are presented as a reduction in the appropriate class of net assets.
Part III, Line 4:The Atheneum has a large collection of materials about Nantucket Island, including books, pamphlets, newspapers, logbooks, letters and even an historic collection of books that were read by patrons over 100 years ago. The Atheneum actively collects new publications as well as out of print items. Nantucket Titles With over 700 titles and growing, from de Crevecour's 1782 description of the Island in Letters from an American Farmer to Nat Philbrick's In the Heart of the Sea, the Atheneum strive's to maintain the best collection of printed material about the island and its inhabitants. Historic Newspapers The collection of Nantucket newspapers dates back to 1816, the year of the publication of The Nantucket Gazette and continues today with Nantucket's weekly newspaper the Inquirer and Mirror. Thirty-six of the newspapers existed in the interim. The Atheneum preserve's original copies of these papers, and have all of them available on microfilm for use in the Atheneum. Manuscript Collection The Atheneum has a small but important collection of ship's logs, journals, letters and other documents relating to Nantucket.
Part V, Line 4:The Atheneum's endowment consists of 4 individual donor restricted funds established for a variety of purposes. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed or legal restrictions. The Board of Directors has interpreted state law as allowing the utilization of appreciation on permanently restricted assets unless explicit donor stipulations specify how net appreciation must be used. As a result of this interpretation, the Atheneum 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 endowment 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 endowment 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 Atheneum in a manner consistent with the standard of prudence prescribed by state law. The Atheneum has adopted investment and spending policies for its 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, the Atheneum's Investment Committee shall seek to invest the endowment funds in such a manner that the investments will provide a spendable return consistent with a long-term goal of preserving the funds in real terms. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the Atheneum relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Atheneum has invested in mutual funds designated for institutions 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 Atheneum has a policy of appropriating for distribution each quarter actual income plus realized and unrealized gains and losses. In establishing this policy, the Atheneum considered the long-term expected return on its endowment. This is consistent with the Atheneum's objective to maintain the purchasing power of its 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 Atheneum to retain as a fund of perpetual duration. In accordance with generally accepted accounting principles, deficiencies of this nature are reported in unrestricted net assets. Such deficiencies amounted to $187,430 as of June 30, 2010. In accordance with the Boards interpretation of relevant state law, appropriation of appreciation 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 Intended Use of Endowment Funds:

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Email SolicitationsXEmailSolicitations
Solicitation Of Govt GrantsXSolicitationOfGovtGrants
Special Fundraising EventsXSpecialFundraisingEvents
Licensed StatesMALicensedStates

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1turkey plungeNameOfEvent1
Gross Receipts Event167135GrossReceiptsEvent1
Gross Revenue Event167135GrossRevenueEvent1
Rent Facility Costs Event11000RentFacilityCostsEvent1
Other Direct Expenses Event19275OtherDirectExpensesEvent1
Name Of Event2BALLETNameOfEvent2
Gross Receipts Event2684697GrossReceiptsEvent2
Gross Revenue Event2684697GrossRevenueEvent2
Rent Facility Costs Event28255RentFacilityCostsEvent2
Other Direct Expenses Event2272873OtherDirectExpensesEvent2
Gross Receipts Total751832GrossReceiptsTotal
Gross Revenue Total Events751832GrossRevenueTotalEvents
Rent Facility Costs Total Events9255RentFacilityCostsTotalEvents
Other Direct Expenses Total Events282148OtherDirectExpensesTotalEvents
Direct Expense Summary Events291403DirectExpenseSummaryEvents
Net Income Summary460429NetIncomeSummary

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation Required1SubstantiationRequired
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MOLLY ANDERSONBusinessNameLine1
FieldValueIRS element (for citing)
Base Compensation Filing Org140605BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org625OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org0DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org15795NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org157025TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name Personmolly andersonNamePerson
FieldValueIRS element (for citing)
Relationshipexecutive directorRelationship
Amount Of Transaction500000AmountOfTransaction
Description Of Transactionjoint real estate investmentDescriptionOfTransaction
Sharing Of Revenues0SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierExplanationExplanation
Form 990, Part VI, Section B, line 11THE 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY. THE CFO WILL ASSEMBLE ALL QUESTIONS AND COMMENTS AND RESOLVE PRIOR TO FILING.
Form 990, Part VI, Section B, line 12cTHE BOARD OF TRUSTEES REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT.
Form 990, Part VI, Section B, line 15COMPENSATION DETERMINED BY A COMMITTEE OF THE BOARD AND INCLUDES REFERENCE TO COMPENSATION LEVELS AT SIMILAR NPF ON THE ISLAND.
Form 990, Part VI, Section C, line 19REQUESTS FOR REVIEW OF THE FORM 990 ARE FORWARDED TO THE CFO TO MAKE ARRANGEMENT FOR REVIEW.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF THE NANTUCKET ATHENEUM INCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 1331AddressLine1
CityNANTUCKETCity
StateMAState
ZIP Code02554ZIPCode
FieldValueIRS element (for citing)
EIN223138423EIN
Primary ActivitiesSUPPORT OF NANTUCKET ATHENEUMPrimaryActivities
Legal Domicile StateMALegalDomicileState