2024-08-22T10:42:39-05:00 2023-09-30 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2022-10-01 042104035 CONCORD ANTIQUARIAN SOCIETY D/B/A CONCORD MUSEUM CONC 9783699763 53 CAMBRIDGE TURNPIKE CONCORD MA 01742 WILLIAM R BECKLEAN TREASURER 9783699763 2024-08-19 1 0 BARBARA E KING P00005629 5087557107 2024-08-19 2022 2024-08-08 14:25:15Z X ROBERT G RIPLEY JR 53 CAMBRIDGE TURNPIKE CONCORD MA 01742 2405570 0 X WWW.CONCORDMUSEUM.ORG X 1886 MA THE CONCORD MUSEUM EDUCATES VISITORS OF ALL AGES ABOUT THE HISTORY OF CONCORD AND ITS CONTINUING INFLUENCE ON AMERICAN POLITICAL, LITERARY AND CULTURAL LIFE. THE MUSEUM'S NATIONALLY SIGNIFICANT COLLECTION SERVES AS A CATALYST FOR CHANGING EXHIBITIONS, EXTENDED CLASSROOM LEARNING, DYNAMIC PROGRAMS AND PUBLICATIONS RELEVANT TO AN EVER CHANGING WORLD. FOUNDED IN 1886, THE MUSEUM IS A CENTER OF CULTURAL ENJOYMENT FOR THE REGION AND A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. 26 25 58 80 0 0 1313547 1365280 276659 323554 91086 241331 50220 -35648 1731512 1894517 0 0 0 0 1386930 1476178 0 0 683966 1335486 1442285 2722416 2918463 -990904 -1023946 20954075 20730655 248896 244626 20705179 20486029 X THE CONCORD MUSEUM EDUCATES VISITORS OF ALL AGES ABOUT THE HISTORY OF CONCORD AND ITS CONTINUING INFLUENCE ON AMERICAN POLITICAL, LITERARY AND CULTURAL LIFE. THE MUSEUM'S NATIONALLY SIGNIFICANT COLLECTION SERVES AS A CATALYST FOR CHANGING EXHIBITIONS, EXTENDED CLASSROOM LEARNING, DYNAMIC PROGRAMS AND PUBLICATIONS RELEVANT TO AN EVER-CHANGING WORLD. FOUNDED IN 1886, THE MUSEUM IS A CENTER OF CULTURAL ENJOYMENT FOR THE REGION AND A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. 0 0 1033775 251047 HISTORY MUSEUM CURATORIAL AND EXHIBITION PROGRAMS: MUSEUM GALLERIES, LONG-TERM AND CHANGING EXHIBITIONS, COLLECTIONS, TOURS AND OTHER PUBLIC PROGRAMS - ALL SUPPORTED BY ON-GOING CURATORIAL AND PROFESSIONAL COLLECTIONS MANAGEMENT - BENEFIT VISITORS FROM THE REGION, THE NATION AND FROM MANY OTHER COUNTRIES. PROGRAMS ALSO INCLUDE LECTURES, CLASSES, WORKSHOPS, STORY HOURS, AND TOURS OF THE MUSEUM AND HISTORIC CONCORD. 654663 98903 HISTORY MUSEUM AUDIENCE SERVICES: SCHOOL PROGRAMS - FORMAL SCHOOL PROGRAMS WERE PROVIDED TO OVER 14,000 CHILDREN. 1688438 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 33 0 1 58 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X THE ORGANIZATION 9783699763 53 CAMBRIDGE TURNPIKE CONCORD MA 01742 CHURCHILL G FRANKLIN VICE PRESIDENT 2.00 X X 0 0 0 G PERRY WU GOVERNOR 1.00 X 0 0 0 HOLLY SALEMY GOVERNOR 1.00 X 0 0 0 TARA CEDERHOLM GOVERNOR 1.00 X 0 0 0 NANCY J BARNARD GOVERNOR 1.00 X 0 0 0 JASON GRISWOLD GOVERNOR 1.00 X 0 0 0 LAUREN HUYETT GOVERNOR 1.00 X 0 0 0 DENNIS BURNS VICE PRESIDENT 2.00 X X 0 0 0 WILLIAM MCHALE GOVERNOR 1.00 X 0 0 0 ROBERT MUNRO GOVERNOR 1.00 X 0 0 0 PHIL LOTANE GOVERNOR 1.00 X 0 0 0 ANNA WINTER RASMUSSEN VICE PRESIDENT 2.00 X X 0 0 0 SUSAN LYNCH GOVERNOR 1.00 X 0 0 0 ANDREA MEYERS GOVERNOR 1.00 X 0 0 0 CLAIRE NELSON GOVERNOR 1.00 X 0 0 0 MARYROSE SYKES SECRETARY 2.00 X X 0 0 0 JAMES R BURKE PRESIDENT 2.00 X X 0 0 0 WILLIAM BECKLEAN TREASURER 2.00 X X 0 0 0 GREG CREAMER GOVERNOR 1.00 X 0 0 0 HOLLY DARZEN GOVERNOR 1.00 X 0 0 0 ANDREW FEINBERG GOVERNOR 1.00 X 0 0 0 LISA KRASSNER EXECUTIVE DIRECTOR (SINCE 9/2022) 50.00 X X 68712 0 2558 MELINDA SHUMWAY GOVERNOR 1.00 X 0 0 0 PAT SINTON GOVERNOR 1.00 X 0 0 0 KAREN CROFF BATES GOVERNOR 1.00 X 0 0 0 MATT BOGER GOVERNOR 1.00 X 0 0 0 SUE PARKER GOVERNOR 1.00 X 0 0 0 RYAN HANLEY GOVERNOR 1.00 X 0 0 0 TRACEY BOLOTNICK GOVERNOR 1.00 X 0 0 0 ROBERT G RIPLEY JR DIRECTOR OF FINANCE & OPER 50.00 X 116485 0 0 THOMAS PUTNAM EXECUTIVE DIRECTOR (UNTIL 8/2022) 50.00 X 105770 0 12472 290967 0 15030 2 0 0 0 0 111029 218515 1035736 1365280 ADMISSIONS 712100 175408 175408 SCHOOL PROGRAMS 712100 98903 98903 PUBLIC PROGRAMS 712100 49243 49243 323554 185876 185876 24000 0 24000 24000 24000 457349 401894 55455 55455 55455 0 218515 86044 -86044 -86044 49511 23115 26396 26396 1894517 349950 0 179287 310088 253001 57087 994000 618407 91365 284228 35737 14332 10843 10562 41541 11433 10082 20026 94812 44742 25407 24663 15927 3312 12615 3165 3165 29850 29850 587 587 177310 44223 2732 130355 21389 21389 165773 58349 16163 91261 64568 56557 6558 1453 322660 284226 32028 6406 15034 15200 -166 24866 11291 2528 11047 528017 462502 53635 11880 51657 45694 4969 994 COLLECTION ACQUISITIONS 21482 21482 2918463 1688438 546059 683966 556566 276015 117282 95091 17141 0 2425 2740 28025 7621 17556588 4558371 13416942 12998217 6771694 7350971 44000 0 20954075 20730655 248351 243203 545 1423 248896 244626 X 17568658 17349936 3136521 3136093 20705179 20486029 20954075 20730655 -1023946 804796 0 X 0 1 X 0 0 X 2612174 2229900 2525165 1313547 1365280 10046066 248041 175478 121199 318363 373065 1236146 2860215 2405378 2646364 1631910 1738345 11282212 1001553 1143087 599519 598208 445488 3787855 445121 30522 114633 118390 708666 1001553 1588208 630041 712841 563878 4496521 6785691 78595 140995 152277 133439 185876 691182 78595 140995 152277 133439 185876 691182 2938810 2546373 2798641 1765349 1924221 11973394 0.56670 0.57440 0.05770 0.05040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 6719534 1028770 454038 7294266 8256561 53700 -1165259 425468 6719534 7138480 96148 1446601 424668 8256561 6351070 561747 618383 392720 7138480 6526256 60239 164075 399500 6351070 0.67490 0.32510 0.00000 0 0 84355 84355 17287418 4387278 12900140 53725 53725 0 131090 117368 13722 12998217 2807885 804796 109159 913955 1893930 587 587 1894517 3027035 109159 109159 2917876 587 587 2918463 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 MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESSION 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 MUSEUM SERVES AS A CENTER FOR LEARNING AND CULTURAL ENJOYMENT FOR THE REGION AND AS A GATEWAY TO THE TOWN OF CONCORD FOR VISITORS FROM AROUND THE WORLD. LONG TERM EXHIBITIONS, DRAWN FROM THE MUSEUM COLLECTION OF APPROXIMATELY 35,000 HISTORICAL ARTIFACTS, FOSTER GREATER UNDERSTANDING OF THE HISTORY OF CONCORD AND ITS RELATIONSHIP TO THE CULTURAL HISTORY OF THE NATION. A REGULAR SCHEDULE OF CHANGING EXHIBITIONS BROADENS THE RANGE OF TOPICS COVERED AND THE INTERPRETATION OF THE COLLECTION. ONGOING CURATORIAL RESEARCH AND PROFESSIONAL COLLECTIONS MANAGEMENT ARE THE FOUNDATION FOR THESE PROGRAMMATIC INITIATIVES. PART V, LINE 4: THE MUSEUM'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS. 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. ENDOWMENT FUNDS INCLUDE INVESTED GIFTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS DONOR 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 AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE MUSEUM CAN CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER 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 ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO HAVE A RISK PROFILE SIMILAR TO A 70% EQUITY AND 30% BOND BLEND AND TO ACHIEVE RESULTS OF THE MUTUAL FUND'S BENCHMARK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THESE BENCHMARKS. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE MUSEUM 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 MUSEUM HAS INVESTED IN A PORTFOLIO THAT TARGETS A DIVERSIFIED ASSET ALLOCATION TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE MUSEUM HAS A RECENT PRACTICE OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 6.0% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS THROUGH JUNE 30 OF THE YEAR PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS PRACTICE, THE MUSEUM CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE MUSEUM'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 MUSEUM TO RETAIN AS A FUND OF PERPETUAL DURATION. THE MUSEUM MAY APPROPRIATE FOR EXPENDITURE FROM THESE UNDERWATER FUNDS IN ACCORDANCE WITH THE PRUDENT MEASURES PRESCRIBED BY STATE LAW. THERE WERE NO SUCH DEFICIENCIES AS OF SEPTEMBER 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 23,115. SPECIAL EVENT EXPENSES 86,044. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 23,115. SPECIAL EVENT EXPENSES 86,044. GARDEN TOUR 72135 72135 6236 HOLIDAY HOUSE TOURS 68449 68449 9501 2 77931 77931 70307 218515 218515 86044 86044 -86044 X 18 0 X 4 37638 NYSE 0 1 0 PART I, LINE 33: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THEREFORE, NONCASH CONTRIBUTIONS OF HISTORICAL ARTIFACTS ARE NOT REPORTED AS REVENUE. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, AND TREASURER, THEN PROVIDED TO THE BOARD OF GOVERNORS FOR REVIEW. CERTAIN SCHEDULES ARE REDACTED FROM THE COPY PROVIDED TO THE BOARD OF GOVERNORS DUE TO DONOR CONFIDENTIALITY CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY OFFICERS, GOVERNORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING ANY OUTSIDE INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST REGARDING THEIR INVOLVEMENT WITH CONCORD ANTIQUARIAN SOCIETY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS ANNUALLY DETERMINES AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR GUIDED BY RELEVANT SALARY SURVEYS FOR SIMILAR POSITIONS. THE BOARD OF GOVERNORS ALSO PERIODICALLY REVIEWS RELEVANT SALARY SURVEYS AND COMPENSATION FOR OTHER KEY MUSEUM POSITIONS. MINUTES ARE KEPT OF MEETINGS OF THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 BOX B THE FORM 990 HAS BEEN AMENDED FOR CHANGES TO PAYMENTS FROM DISQUALIFIED PERSONS REPORTED ON SCHEDULE A, THE SCHEDULE OF CONTRIBUTORS REPORTED ON SCHEDULE B, AND THE DESCRIPTION OF THE PROCESS FOR DETERMINING COMPENSATION DESCRIBED IN SCHEDULE O.