2011-05-16T15:08:59-05:00 2010-12-31 FULCHINO O'REILLY & COMPANY PC 155 MIDDLESEX TURNPIKE BURLINGTON MA 01803 990 2010-01-01 042103657 AMERICAN METEOROLOGICAL SOCIETY AMER 6172272425 45 BEACON STREET BOSTON MA 02108 BARRY C MOHAN 6172272425 2011-05-16 1 THOMAS P FULCHINO CPA 7812705800 2011-05-16 2010 2016-02-24 21:20:13Z KEITH L SEITTER 45 BEACON STREET BOSTON MA 02108 16646421 0 X WWW.AMETSOC.ORG/AMS X 1958 MA TO ADVANCE THE ATMOSPHERIC AND RELATED SCIENCES, TECHNOLOGIES, APPLICATIONS, AND SERVICES. 19 19 123 924 140776 6682 2618494 2418476 13192547 14073738 219957 139996 0 0 16030998 16632210 333760 385085 0 0 7335623 7481434 0 0 142570 8077230 8177540 15746613 16044059 284385 588151 15760242 22186415 5340376 10693085 10419866 11493330 TO ADVANCE THE ATMOSPHERIC AND RELATED SCIENCES, TECHNOLOGIES, APPLICATIONS, AND SERVICES FOR THE BENEFIT OF SOCIETY. 0 0 15437965 385085 14073738 THE EXPENSES OF THE SOCIETY ARE FOR PROGRAM SERVICES, MANAGEMENT AND GENERAL EXPENSES. THE SOCIETY SERVICES APPROXIMATELY 14,000 MEMBERS IN GOVERNMENT, EDUCATION AND THE PRIVATE SECTOR. 15437965 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 208 0 123 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X BARRY C MOHAN 6172272425 45 BEACON STREET BOSTON MA 021083693 DR MARGARET LEMONE 8.00 X 0 0 0 DR JONATHAN T MALAY 5.00 X 0 0 0 DR WALTER F DABBERDT 5.00 X 0 0 0 DR THOMAS R KARL 5.00 X 0 0 0 KENNETH F CAREY 2.00 X 0 0 0 JOHN C SCHAAKE PHD 2.00 X 0 0 0 DR RICHARD W SPINRAD 2.00 X 0 0 0 AHSHA N TRIBBLE PHD 2.00 X 0 0 0 DR XUBIN ZENG 2.00 X 0 0 0 DR LEE E BRANSCOME CCM 2.00 X 0 0 0 R MICHAEL HARDESTY PHD 2.00 X 0 0 0 REBECCA E MORSS PHD 2.00 X 0 0 0 JILL F HASLING CCM 2.00 X 0 0 0 DR ANNE R DOUGLASS 2.00 X 0 0 0 JENNIFER C ALEXANDER PHD 2.00 X 0 0 0 JAMES W HURRELL PHD 2.00 X 0 0 0 PROF RICHARD D CLARK 2.00 X 0 0 0 FRANKLIN W NUTTER 2.00 X 0 0 0 TIMOTHY C SPANGLER PHD 2.00 X 0 0 0 DR KEITH L SEITTER 50.00 X 212320 0 41018 DR RICHARD D ROSEN 10.00 X 0 0 0 DR JAMES BREY 50.00 X 153486 0 36920 DR WILLIAM HOOKE 50.00 X 174000 0 23690 BARRY C MOHAN 50.00 X 131129 0 28417 DR IRA GEER 32.00 X 106917 0 13261 DR PAUL A HIGGINS 50.00 X 118173 0 28544 DR JOSEPH MORAN 40.00 X 103880 0 10483 999905 0 182333 7 0 1 0 FINIAL SOFTWARE 325 COLUMBUS AVENUE BOSTON MA 02116 COMPUTER PROGRAMMING 105830 1 1813667 604809 2418476 PUBLICATIONS 541800 9206377 9067842 138535 MEETINGS 541900 3048049 3048049 MEMBERSHIP DUES 541900 1032051 1032051 EDUCATIONAL ASSISTANCE 541900 785020 785020 MISCELLANEOUS 541900 2241 2241 14073738 154207 154207 14211 -14211 -14211 -14211 16632210 13932962 140776 139996 385085 385085 791280 684349 106931 5433017 5295170 24934 112913 346944 326586 9067 11291 490760 479452 4533 6775 419433 397715 10427 11291 19900 19900 81000 81000 205696 185126 20570 618347 556512 61835 5077 5077 1401395 1401395 7289 7289 181148 163033 18115 79566 71609 7957 PRINTING & PUBLICATIONS 2975854 2975854 EDUCATION 1836406 1836406 POSTAGE 284360 255624 28436 300 MISCELLANEOUS 283088 283088 TELEPHONE 85951 77356 8595 112463 51239 61224 16044059 15437965 463524 142570 74294 184917 124952 955432 38961 44704 263421 254713 748844 884863 13236559 2069414 3668514 11167145 10817677 8676940 23579 17701 15760242 22186415 524761 581231 4815615 4538398 5536591 0 36865 5340376 10693085 X 8337461 9386499 1435231 1464912 647174 641919 10419866 11493330 15760242 22186415 X 588151 485313 X 0 1 1 X 1 1 X 3067724 3374196 1649045 2618494 2412976 13122435 10635591 11203464 12796554 13055321 13938462 61629392 13703315 14577660 14445599 15673815 16351438 74751827 0 0 0 74751827 290028 353018 267723 213301 154207 1278277 290028 353018 267723 213301 154207 1278277 10762 24819 12866 3938 7682 60067 14004105 14955497 14726188 15891054 16513327 76090171 0.98240 0.98060 0.01680 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 3901398 592289 54885 981888 3566684 3737796 620474 75989 532859 3901400 4214584 483477 49718 1009983 3737796 0.40900 0.18000 0.41100 0 0 3643802 3643802 3813272 12063 3801209 4625160 1101377 3523783 1154325 955974 198351 11167145 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 36865 36865 16632210 16044059 588151 485313 485313 1073464 17204067 485313 86544 571857 16632210 0 16632210 16130603 86544 86544 16044059 0 16044059 PART III, LINE 1A: IN ACCORDANCE WITH THE PROVISIONS OF SFAS NO. 116, "ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE", THE SOCIETY DOES NOT CAPITALIZE DONATED WORKS OF ART OR RECOGNIZE THEM AS REVENUES OR GAINS. THE STATEMENT PROVIDES THAT SUCH DONATIONS NEED NOT BE RECOGNIZED IF THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: THE SOCIETY'S LAND AND BUILDING ARE LOCATED IN A HISTORICAL DISTRICT AND ITS BUILDING IS CLASSIFIED AS A HISTORICAL STRUCTURE. THE SOCIETY ALSO HAS WORKS OF ART AND SCIENTIFIC INSTRUMENTS AND LITERATURE WHICH ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SOCIETY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE EXECUTIVE COMMITTEE, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO CONTRIBUTE TO THE SOCIETY'S TOTAL RETURN OBJECTIVES AND PRESERVE PRINCIPAL WHILE MAINTAINING A COMPETITIVE YIELD AS MARKET CONDITIONS DICTATE. THE SOCIETY'S POLICY OF APPROPRIATING SCHOLARSHIPS, FELLOWSHIPS AND OTHER DISTRIBUTION OF FUNDS IS DETERMINED BASED ON THE DONOR'S INTENTIONS AND INVESTMENT RETURNS AS WELL AS TAKING INTO CONSIDERATION THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 86,544. PART XIII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 86,544. 1 FELLOWSHIPS 12 315335 SCHOLARSHIPS 39 69750 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FELLOWSHIPS AND SCHOLARSHIPS ARE SUBMITTED TO AMS DIRECTOR OF DEVELOPMENT. THE APPLICATIONS ARE REVIEWED BY THE DIRECTOR AND THE EXECUTIVE DIRECTOR. THOSE SELECTED FOR FURTHER CONSIDERATION ARE THEN FORWARDED TO AMS EXECUTIVE COMMITTEE FOR FINAL SELECTION. AWARD CHECKS MAY BE SENT DIRECTLY TO THE RECIPIENT OR TO THE EDUCATIONAL INSTITUTION THEY WILL ATTEND. X X X X 0 0 0 0 0 0 0 0 0 DR KEITH L SEITTER 211912 0 0 0 408 0 21554 0 19464 0 253338 0 0 0 DR JAMES BREY 152662 0 0 0 824 0 15600 0 21320 0 190406 0 0 0 DR WILLIAM HOOKE 172141 0 0 0 1859 0 17350 0 6340 0 197690 0 0 0 BARRY C MOHAN 130511 0 0 0 618 0 13020 0 15397 0 159546 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN METEOROLOGICAL SOCIETY HAS APPROXIMATELY 14,000 MEMBERS. THE SOCIETY IS THE NATION'S LEADING SCIENTIFIC AND PROFESSIONAL SOCIETY FOR THOSE INVOLVED IN THE ATMOSPHERIC AND RELATED OCEANIC AND HYDROLOGIC SCIENCES. THE SOCIETY'S MEMBERSHIP IS MADE UP OF PROFESSIONALS, PROFESSORS, STUDENTS AND WEATHER ENTHUSIASTS INCLUDING MANY OF THE WORLD'S FOREMOST SCIENTISTS FROM INDUSTRY, ACADEMIA AND GOVERNMENT. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD IS THE AMS COUNCIL. THIS BOARD CONSISTS OF 19 MEMBERS OF THE SOCIETY AND IS MADE UP OF THE PRESIDENT, THE PRESIDENT-ELECT, THE MOST RECENT PAST PRESIDENTS AND 15 COUNCILORS. THE TERM OF APPOINTMENT FOR COUNCILORS IS THREE YEARS. THE COUNCIL APPOINTS ONE OF THESE COUNCILORS EACH YEAR WHILE THE SOCIETY'S PROFESSIONAL MEMBERS (APPROXIMATELY 9000) ELECT FOUR NEW COUNCILORS EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR CHANGES TO THE AMS CONSTITUTION. WHILE OTHER DECISIONS OF THE COUNCIL ARE NOT SUBJECT TO MEMBER APPROVAL, THE MINUTES OF ALL MEETINGS ARE PUBLISHED IN THE BULLETIN OF THE AMERICAN METEOROLOGICAL SOCIETY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AUDITOR AND THEN REVIEWED BY THE EXECUTIVE DIRECTOR, CONTROLLER AND SECRETARY-TREASURER. FORM 990, PART VI, SECTION B, LINE 12C SELF DISCLOSURE, KNOWLEDGE OF EXECUTIVE DIRECTOR AND CONTROLLER WITH ALL BUSINESS MATTERS, DISCLOSURE TO ALL THOSE CHARGED WITH GOVERNANCE AND OFFICERS, EXECUTIVE DIRECTOR REVIEWS WITH ALL NEW DIRECTORS AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR - EXECUTIVE COMMITTEE DELIBERATES AND REVIEW OF COMPARABLE ORGANIZATIONS TOP MANAGEMENT & KEY EMPLOYEES - REVIEW OF COMPARABLE DATA AND WRITTEN DOCUMENTATION AND APPROVAL OF EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 PUBLICATION OF FINANCIAL STATEMENTS ON WEBSITE AND IN BULLETIN TO ALL MEMBERS AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 485,313. BONUS DEPRECIATION ELECTION FOR THE YEAR ENDING DECEMBER 31, 2010 THE AMERICAN METEOROLOGICAL SOCIETY HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL FIRST-YEAR BONUS DEPRECIATION ALLOWABLE UNDER SEC. 168(K) FOR THE QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING DECEMBER 31, 2010: ALL PROPERTY IN THE 5 YEAR CLASS. ALL PROPERTY IN THE 10 YEAR CLASS. ALL PROPERTY IN THE 39 YEAR CLASS. SEE ATTACHED 4562.