2011-03-15T16:10:49-05:00 2010-06-30 Edelstein and Company LLP 160 Federal Street 9th Floor Boston MA 021101772 990 2009-07-01 042103993 THE CHILDRENS MUSEUM CHIL 6174266500 308 CONGRESS STREET BOSTON MA 02210 AMY AUERBACH 6174266500 2011-03-11 1 ALFONSO PERILLO 6172276161 2011-03-11 2009 2016-02-24 21:20:13Z AMY AUERBACH 308 CONGRESS STREET BOSTON MA 02210 8482641 0 X WWW.BOSTONchildrensmuseum.ORG X 1913 MA BOSTON CHILDRENS MUSEUM EXISTS TO HELP CHILDREN AND FAMILIES ENJOY, UNDERSTAND AND BECOME ACTIVE CITIZENS OF THE WORLD IN WHICH THEY LIVE. WE WANT CHILDREN TO GROW UP AS SUCCESSFUL LEARNERS WHO RESPECT OTHERS AND THE NATURAL WORLD. WE ENCOURAGE IMAGINATION, CURIOSITY, INVESTIGATION, INNOVATION, AND PLAY. CENTRAL TO OUR PHILOSOPHY IS THE BELIEF THAT MEANINGFUL INTERACTIONS WITH REAL OBJECTS, DIRECT ENGAGEMENT, AND ENJOYMENT PROMOTE LEARNING. WE SEEK TO NUTURE CREATIVE, CURIOUS CHILDREN WHO LIVE HEALTHY LIVES IN SUSTAINABLE, GLOBAL COMMUNITIES. WE ENGAGE CHILDREN AND FAMILIES, WHILE BUILDING COMMUNITIES, THROUGH INTERACTIVE EXHIBITIONS, DYNAMIC PUBLIC PROGRAMS BOTH ON SITE AND IN COMMUNITIES, AND FORMAL AND INFORMAL EDUCATIONAL PROGRAMS FOR SCHOOLS AND COMMUNITY AGENCIES SERVING CHILDREN 0-10 YEARS OLD AND THEIR ADULT CAREGIVERS. 29 29 148 5 -3193 -3193 5720527 1975024 3660530 3712638 534280 546000 111812 179256 10027149 6412918 0 0 3063834 2844657 0 278024 6548612 5989455 9612446 8834112 414703 -2421194 71262246 68098254 25903772 23791596 45358474 44306658 TO PROVIDE CHILDREN'S EXHIBITS, COMMUNITY OUTREACH, SCHOOL SERVICES, AND EDUCATIONAL AND RECYCLE PROGRAMS. 0 0 2640075 98293 EXHIBITS PROVIDE INNOVATIVE, HANDS-ON, EDUCATIONAL AND ENGAGING ACTIVITIES FOCUSED ON SCIENCE, CULTURE, ENVIRONMENTAL AWARENESS, HEALTH AND THE ARTS. 1989386 2376555 VISITOR PROGRAMS OFFER INFORMAL AND FORMAL LEARNING EXPERIENCES FOR SCHOOL, AFTER-SCHOOL AND COMMUNITY GROUPS. 841540 50104 BOSTON CHILDRENS MUSEUM EDUCATORS SUPPORT PRE-SCHOOL, ELEMENTARY AND MIDDLE SCHOOL TEACHERS AND AFTER-SCHOOL EDUCATORS WITH CURRICULUM AND PROGRAM DEVELOPMENT OPPORTUNITIES. 1597840 1180438 OTHER MUSEUM PROGRAMS 1597840 1180438 7068841 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 148 1 1 1 0 0 0 0 1 1 0 0 0 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X AMY AUERBACH 6174266500 308 CONGRESS STREET BOSTON MA 02210 Karen G Baroody 1.50 X 0 0 0 Roger S Berkowitz 0.50 X 0 0 0 Martin Bischoff 0.50 X 0 0 0 Anne M Blodget 2.50 X X 0 0 0 Linda K Carlisle 0.50 X 0 0 0 Mark L DiNapoli 0.50 X 0 0 0 Neil P Doherty 0.50 X 0 0 0 Robert C Healey 0.50 X 0 0 0 DR Linda A Hill 0.50 X 0 0 0 Richmond Y Holden Jr 0.50 X 0 0 0 Robin G Jones 2.50 X 0 0 0 Michael B Keating 0.50 X 0 0 0 Stephen T Kunian 0.50 X 0 0 0 Anne R Lovett 2.50 X X 0 0 0 James M MacPhee 0.50 X 0 0 0 David R Marcus 0.50 X 0 0 0 Nancy May 0.50 X 0 0 0 Yasmin Namini 0.50 X 0 0 0 Bhasker Natarajan 0.50 X 0 0 0 Erica G Pappendick 0.50 X 0 0 0 Patricia A Parcellin 1.50 X 0 0 0 Jonathan L Rounds 5.00 X X 0 0 0 Agnes Bundy Scanlan 0.50 X 0 0 0 Darin P Smith 0.50 X 0 0 0 Harold Sparrow 1.50 X X 0 0 0 Sylvia Stevens-Edouard 0.50 X 0 0 0 Cynthia Taft 0.50 X 0 0 0 Christopher C Thompson 1.50 X X 0 0 0 DR Michael W Yogman 2.50 X X 0 0 0 Christi Tritton 35.00 X 34558 0 6723 David Ellis 14.00 X 148500 0 0 Neil Gordon 35.00 X 90302 0 8158 Amy Auerbach 35.00 X 112044 0 2893 Judi Cantor 35.00 X 136017 0 5039 LOU CASAGRANDE 0.00 X 158499 0 3304 679920 0 26117 4 1 1 0 ACP CLEANING INC PO BOX 2411 WOBURN MA 01888 MUSEUM AND TENANT CLEANING 473884 CB RICHARD ELLISNE PARTNERS 111 HUNTINGTON AVENUE 12TH FLOOR BOSTON MA 02199 PROPERTY MANAGEMENT 372287 SECURITAS SECURITY SERVICES US 8 WINTER STREET BOSTON MA 02108 MUSEUM AND BUILDING SECURITY 154217 STORROW COMPANY INC 777 CONCORD AVENUE SUITE 205 CAMBRIDGE MA 02138 EXHIBIT CONSTRUCTION 125024 4 120254 1854770 1975024 ADMISSIONS 900099 2172472 2172472 MEMBERSHIPS 900099 1012339 1012339 PROGRAM FEES 900099 432827 425579 7248 TRAVELING EXHIBITS 900099 95000 95000 3712638 454284 454284 1597219 1583117 14102 14102 -10441 24543 538000 446284 91716 91716 91716 205476 40322 165154 165154 6412918 3705390 -3193 735697 339938 89149 250789 2054000 1710028 198856 145116 31881 24480 7342 59 254755 186498 59211 9046 164083 123477 30887 9719 24152 24152 336767 92402 228065 16300 491997 491095 902 149926 95551 13739 40636 24531 7448 17083 107266 107266 73726 56794 14705 2227 129320 106568 16511 6241 2198201 1883169 311983 3049 9542 1077 8465 BUILDING OPERATING EXPE 1823756 1367063 452316 4377 CONTRACT SERVICES 498418 438809 42725 16884 MATERIALS AND SUPPLIES 123386 116388 5908 1090 CONTRACT LABOR 22357 19719 2638 DUES & SUBSCRIPTIONS 15447 4793 10155 499 -39337 147067 -206547 20143 8834112 7068841 1487247 278024 2488874 2913123 8602231 4816828 167277 247342 119656 307101 59954850 14497596 45990667 45457254 11333421 12727404 2560120 1629202 71262246 68098254 1420825 1230296 23565000 21500000 214207 220845 703740 840455 25903772 23791596 X 30403121 31622920 10931116 8618542 4024237 4065196 45358474 44306658 71262246 68098254 X 0 1 1 X 1 1 X 18097247 8372933 7841656 5720528 1975024 42007388 3465641 2473043 4599781 3962855 3918114 18419434 21562888 10845976 12441437 9683383 5893138 60426822 229797 505082 452098 244210 114203 1545390 0 229797 505082 452098 244210 114203 1545390 58881432 1371638 1928524 2130055 1935674 2051503 9417394 1371638 1928524 2130055 1935674 2051503 9417394 22934526 12774500 14571492 11619057 7944641 69844216 0.84300 0.86140 0.13480 0.11500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 18690397 639174 1886241 0 4248155 16967657 27086175 3355163 -1957191 0 9793750 18690397 0.25250 0.23960 0.50790 0 0 3331193 3331193 44762621 8437309 36325312 2468876 908203 1560673 9392160 5152084 4240076 45457254 DERIVATIVE FINANCIAL INSTRUMENTS 840455 840455 6412918 8834112 -2421194 1340928 28450 1369378 -1051816 9426235 1340928 20500 1651889 3013317 6412918 0 6412918 10478051 20500 1623439 1643939 8834112 0 8834112 Part III, Line 4: Boston Childrens Museum has been a collecting institution since its beginning in 1913 and today the collections number approximately 50,000 objects, including cultural artifacts and natural history specimens, which can be broken into six main collecting areas, Native American, Japanese, Americana, Global Dolls, General Cultural Collections, and Natural History. The collection is most frequently used to enhance museum exhibits, for scholarly research, as well as educational programming. Part V, Line 4: Description of Intended Use of Endowment Funds: THE ORGANIZATION'S TERM ENDOWMENTS ARE USED FOR THE FOLLOWING PURPOSES: 1) CAPITAL CAMPAIGN, 2) EXHIBITS AND 3) OTHER PROGRAMS. THE MUSEUM USES ITS PERMANENT ENDOWMENTS IN ACCORDANCE WITH UPMIFA AND SPENDS FOUR-AND-A-HALF PERCENT OF THE AVERAGE OF THE FMV OF EACH OF THE PREVIOUS 12 QUARTERS TO SUPPORT CURRENT OPERATIONS. THE BOARD-DESIGNATED AND QUASI-ENDOWMENTS ARE USED AT THE BOARD'S DISCRETION. Part X: Description of Uncertain Tax Positions Under FIN 48: THE MUSEUM HAS EVALUATED THE TAX POSITIONS TAXEN ON RETURNS FOR OPEN YEARS AND THOSE EXPECTED TO BE TAKEN ON RETURNS FOR JUNE 30, 2010. IT IS MANAGEMENT'S BELIEF THAT SUCH TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. ACCORDINGLY, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. RETURNS FOR TAX YEARS BEGINNING WITH THOSE FILED FOR JUNE 30, 2007 ARE OPEN TO EXAMINATION. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON DERIVATIVE INSTRUMENTS: -136715. BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467: 165165. Part XII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSES: 40322. RENTAL EXPENSES: 1583117. BOOK-TAX RENTAL INCOME ADJUSTMENT PER IRC 467: 165165. UNREALIZED LOSS ON DERIVATIVE FINANCIAL INSTRUMENTS: -136715. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSES: 40322. rental expenses: 1583117. HOME EDITION 86100 86100 29398 BIG APPLE CIRCUS 119376 119376 10924 205476 205476 40322 40322 165154 X X X X X 0 0 0 0 0 0 0 0 0 LOU CASAGRANDE 158499 0 0 0 0 0 0 0 3304 0 161803 0 0 0 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431181 57583RGQ2 2006-09-25 SEE SCHEDULE 0 0 0 30000000 6921695 396523 22681782 2007 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 CITIZENS BANK 10.000000000000 0 0 0 Form 990, Part VI, Section B, line 11 THE FINANCE AND AUDIT COMMITTEES ARE THE GOVERNING BODIES THAT HAVE RESPONSIBILITY FOR REVIEWING THE FORM 990. THIS FORM WAS DISTRIBUTED BY EMAIL TO THESE COMMITTEES PRIOR TO THE FILING DATE, LEAVING TIME FOR QUESTIONS AND COMMENTS. IN ADDITION, THE ENTIRE BOARD OF TRUSTEES ALSO RECEIVED A COPY OF THE FORM 990 AND WAS INVITED TO RAISE ISSUES OR QUESTIONS PRIOR TO THE FILING OF THE FORM 990. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE MUSEUM ASKS ALL THE TRUSTEES AND KEY EMPLOYEES TO REVIEW AND EXECUTE A CONFLICT OF INTEREST POLICY STATEMENT. IT IS THE RESPONSIBILITY OF THE PRESIDENT, CEO AND/OR THE CHAIR TO REVIEW AND DISCLOSE CONFLICTS AND HANDLE THE MATTER AS HE OR SHE DEEMS APPROPRIATE. THE CONFLICT OF INTEREST POLICY STATEMENT ALSO OBLIGATES EACH FIDUCIARY, ON AN ONGOING BASIS, TO REPORT ANY CONFLICTS EITHER EXISTING OR PERCEIVED TO THE PRESIDENT OR CHIEF EXECUTIVE OFFICER. Form 990, Part VI, Section B, line 15a THE PROCESS FOR REVIEWING AND DETERMINING THE CEO'S COMPENSATION IS AS FOLLOWS: THERE IS AN AD HOC COMPENSATION COMMITTEE, WHICH IS A SUBSET OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND CONVENES TO REVIEW MARKET DATA FOR THIS POSITION. BASED ON THIS REVIEW, A COMPENSATION PACKAGE WAS AGREED UPON. THIS PROCESS WAS ADOPTED IN THE FALL OF 2008. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C AUDIT COMMITTEE RESPONSIBILITY THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE MUSEUM'S FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE K, PART 1, BOND ISSUANCE: DESCRIPTION OF BOND PURPOSE FINANCE AND REFINANCE THE CAPITAL COSTS OF THE A)ACQUISITION,CONSTRUCTION, RENOVATION, AND EQUIPPING OF THE BORROWER'S FACILITES, B) PROJECTS ORIGINALLY FINANCES WITH SERIES 2001 BONDS, AND C) CERTAIN COSTS OF ISSUANCE.