2024-06-15T10:13:15-05:00 2023-12-31 821733689 SHANNON CULLEN & ASSOCIATES LLC 26 NORTH RD STE 5 CHELMSFORD MA 01824 990 2023-01-01 042971424 NEW ENGLAND QUILT MUSEUM INC NEWE 9784524207 18 SHATTUCK STREET LOWELL MA 01852 PATRICE DENAULT PRESIDENT 9784524207 2024-06-05 1 PATRICE DENAULT 999009999 0 JAMES G CULLEN P01402008 9782503777 X 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z PATRICE DENAULT 18 SHATTUCK STREET LOWELL MA 01852 449138 0 X WWW.NEQUILTMUSEUM.ORG X 1987 MA THE N.E. QUILT MUSEUM USES QUILTS AND THE STORIES OF QUILTMAKING TO INSPIRE AND EDUCATE QUILTERS AND THE GENERAL PUBLIC. THE MUSEUM PRESENTS, PRESERVES, AND STUDIES AMERICAN QUILTMAKING, BOTH PAST AND PRESENT. 11 10 9 0 0 0 268722 272305 33201 39231 28654 25679 43042 59100 373619 396315 0 0 0 0 181295 224138 0 0 0 186254 196189 367549 420327 6070 -24012 1420306 1499330 12502 22755 1407804 1476575 THE N.E. QUILT MUSEUM USES QUILTS AND THE STORIES OF QUILTMAKING TO INSPIRE AND EDUCATE QUILTERS AND THE GENERAL PUBLIC. THE MUSEUM PRESENTS, PRESERVES, AND STUDIES AMERICAN QUILTMAKING, BOTH PAST AND PRESENT. 0 0 255962 98331 EXHIBITION AND PRESENTATION OF QUILTS, LECTURING, EDUCATION AND PARTICIPATION IN LOCAL CULTURAL EVENTS. 255962 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X BARBARA LANGAHIANOS 9784524207 18 SHATTUCK STREET LOWELL MA 01852 PATRICE DENAULT PRESIDENT 5.00 X X 0 0 0 MARJORIE MILLER VICE PRESIDENT 2.00 X X 0 0 0 KAITLIN DEMARTIN TREASURER 2.00 X X 0 0 0 KAREN LEAVITT SECRETARY 2.00 X X 0 0 0 KATHIE BELTZ DIRECTOR 2.00 X 0 0 0 SARA BROOK-CAMPBELL DIRECTOR 2.00 X 0 0 0 KATHLEEN LUZ COTE DIRECTOR 2.00 X 0 0 0 LINDA GALLAGHER DIRECTOR 2.00 X 0 0 0 DONNA MAIN DIRECTOR 2.00 X 0 0 0 MAUREEN J MARTIN DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 49287 44580 178438 272305 EXHIBITS 900099 39231 39231 39231 25679 25679 100713 52823 47890 47890 11210 11210 11210 396315 98331 0 25679 100000 100000 106398 92060 14338 17740 7913 9827 5030 5030 22366 22366 60602 54542 6060 44571 40114 4457 22866 20579 2287 ADVERTISING AND MARKETI 22796 22796 EXHIBIT EXPENSES 13494 13494 OTHER EXPENSES 2981 2981 MEMBERSHIP EXPENSES 1483 1483 420327 255962 164365 0 377441 189744 2320 6180 5826 5854 4750 5681 1111844 648233 320171 463611 709798 828260 1420306 1499330 12502 22755 12502 22755 X 1407804 1476575 1407804 1476575 1420306 1499330 -24012 106559 -13776 0 X 0 0 0 X 254288 373658 275734 301923 311536 1517139 71665 20024 77783 79803 100713 349988 325953 393682 353517 381726 412249 1867127 0 0 0 1867127 18554 28387 32444 28654 25679 133718 18554 28387 32444 28654 25679 133718 13662 3098 35265 3106 11210 66341 358169 425167 421226 413486 449138 2067186 0.90320 0.92950 0.06470 0.04660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 980434 524034 456400 45691 43494 2197 85719 80705 5014 463611 ENDOWMENT FUND AT GREATER LOWELL COMMUNITY FOUNDATION 828260 828260 X Part III, Line 1a: THE MUSEUM'S COLLECTIONS ARE MADE UP OF QUILTS THAT ARE HELD FOR EDUCATIONAL, EXHIBIT AND CURATORIAL PURPOSES. THE ITEMS ARE CATALOGED, PRESERVED AND CARED FOR. ACTIVITIES VERIFING EXISTENCE AND ASSESSING CONDITION ARE CONTINUOUSLY PERFORMED. POLICY REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. Part III, Line 4: THE MUSEUM'S COLLECTIONS ARE MADE UP OF QUILTS THAT ARE HELD FOR EDUCATIONAL, EXHIBIT AND CURATORIAL PURPOSES. THE MISSION OF USING THE RICH LEGACY OF QUILTS AND QUILTMAKING TO INSPIRE AND EDUCATE QUILTERS AND THE GENERAL PUBLIC. Part X, Line 2: THE MUSEUM IS A NON-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE MUSEUM FOLLOWS TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT IS REQUIRED TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FINANCIAL STATEMENTS. THE MUSEUM HAS FILED ALL REQUIRED FEDERAL AND STATE RETURNS IN A TIMELY MANNER AND MANAGEMENT HAS DETERMINED THAT THEY WILL CONTINUE AS A TAX EXEMPT NOT-FOR-PROFIT ENTITY. Form 990, Part VI, Section B, line 11b THE FINANCE COMMITTEE OF THE ORGANIZATION REVIEWED THE FORM 990 INDIVIDUALLY AND THEN COLLECTIVELY WITH THE OUTSIDE ACCOUNTANTS. ALL OFFICERS OF THE ORGANIZATION ARE ALSO MEMBERS OF THE FINANCE COMMITTEE. Form 990, Part VI, Section B, line 12c COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. ALL APPLICABLE PARTIES ARE REQUIRED TO ANNUALLY CERTIFY COMPLIANCE WITH THE POLICY. Form 990, Part VI, Section B, line 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE EXECUTIVE DIRECTOR'S COMPENSATION LEVEL IS BASED ON A THOROUGH PERFORMANCE EVALUATION AND BY COMPARISON TO OTHER ORGANIZATIONS' COMPENSATION LEVELS. THE WORK OF THE COMPENSATION COMMITTEE IS DOCUMENTED IN WRITING. THE EXECUTIVE DIRECTOR RECOMMENDS SALARY LEVELS FOR OTHER EMPLOYEES THAT ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL BUDGET APPROVAL POLICY. Form 990, Part VI, Section C, line 19 THE NEW ENGLAND QUILT MUSEUM, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST.