2024-07-10T16:01:13-05:00 2023-08-31 346565596 ERNST & YOUNG US LLP 99 WOOD AVE SOUTH ISELIN NJ 08830 990 2022-09-01 136035434 MARINERS MUSEUM TRUST NO 2 XXXXX2009 MARI 8004962583 10 S DEARBORN IL1-0111 CHICAGO IL 60603 KRYSTAL ZEC Vice President 8004962583 2024-07-09 true true HEATHER A HAWES P01379658 7327679100 2024-07-09 2022 2023-04-26 12:10:37Z JP MORGAN CHASE BANK N A 10 S DEARBORN ST MC IL1-0111 CHICAGO IL 60603 18162026 false X N/A X 1931 NY AS REQUIRED BY ITS INSTRUMENT, THIS TRUST SUPPORTS THE MARINERS' MUSEUM. 2 1 0 1 0 0 0 0 4966010 3973062 512 96046 4966522 4069108 2693216 2737709 0 157602 129288 0 0 87912 71250 2938730 2938247 2027792 1130861 43977733 45108319 0 0 43977733 45108319 AS REQUIRED BY ITS INSTRUMENT, THIS TRUST SUPPORTS THE MARINERS' MUSEUM. false false 2793201 2737709 THIS TRUST SUPPORTS THE MARINERS' MUSEUM THROUGH THE DISTRIBUTION OF ITS INCOME TO THE MARINERS' MUSEUM AS REQUIRED BY ITS INSTRUMENT. 2793201 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false X 2 1 false false false false false false false true true false false true true true true false false false false false NY X JP MORGAN CHASE BANK NA 8004962583 10 S DEARBORN ST MC IL1-0111 CHICAGO IL 60603 C CHRISTIAN HALL CO- TRUSTEE AS OF 1/1/2022 1.0 X 0 0 0 JP MORGAN CHASE BANK NA CO-TRUSTEE 2.0 X 129288 0 0 129288 0 0 1 false false false 1230336 1230336 16835644 14092918 2742726 2742726 2742726 PARTNERSHIP K-1 INCOME 900099 96046 96046 96046 4069108 4069108 2737709 2737709 129288 54742 74546 47526 47526 FOREIGN TAX WITHHELD 2873 2873 Foreign Taxes on Q Divs 15920 15920 Foreign Taxes on NQ Divs 3776 3776 NY AG FILING FEE 750 750 405 405 2938247 2793201 145046 0 83994 11661 847039 791440 43046700 44305218 43977733 45108319 0 0 X 43977733 45108319 43977733 45108319 43977733 45108319 X 1130861 -275 X false false false X X 1 MARINERS MUSEUM 540541801 7 true 2737709 0 1 2737709 0 true false false false false false false false false false false true false false false false true true true X 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 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 FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 THE INDIVIDUAL CO-TRUSTEE WAS INVOLVED IN ASSET ALLOCATION DISCUSSIONS AND ENTERED INTO AN INVESTMENT MANDATE WITH THE CORPORATE CO-TRUSTEE. AS CHAIR OF THE MUSEUMS INVESTMENT COMMITTEE, THE INDIVIDUAL CO-TRUSTEE WAS ABLE TO INFORM THE INVESTMENT OF THE TRUSTS ASSETS IN A MANNER DESIGNED TO HELP THE MUSEUM REACH ITS SUPPORT NEEDS. FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 (CONT) IN ADDITION, WE DISCUSSED REGULARLY THEIR NEED FOR INCOME WHICH PROVIDED INPUT THE MANNER AND AMOUNT OF OUR EXERCISE OF OUR POWER TO ADJUST FOR INCOME DISTRIBUTION PURPOSES. FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 JOINT MEETINGS OF JPMORGAN, THE PRESIDENT/CEO OF THE MUSEUM, AND MEMBERS OF THE INVESTMENT COMMITTEE OF THE MUSEUM WERE HELD FOUR TIMES DURING THE YEAR. SOME OF THE MUSEUM INVESTMENT COMMITTEE MEMBERS WERE ALSO MEMBERS OF OTHER MUSEUM COMMITTEES INVOLVED IN PLANNING AND STRATEGY FOR THE MUSEUM. FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 THOSE MEETINGS GENERALLY INCLUDED A REVIEW OF THE TRUST ASSET ALLOCATION, INVESTMENT PERFORMANCE, TRUST EXPENSES AND DISTRIBUTION AMOUNTS PAID TO THE MUSEUM. THE TRUSTEES WERE ABLE TO ASK QUESTIONS REGARDING THE MUSEUMS NEEDS AND PLANS FOR SUPPORT AND THE RESPONSES HELPED DETERMINE THE ONGOING INVESTMENT STRATEGY, AS WELL AS THE APPROPRIATE DISTRIBUTION GOAL. FORM 990, SCHEDULE A , PART IV, SECTION D , LINE 3 THE MUSEUM WAS ABLE TO GENERALLY CONFIRM ITS NEED FOR AND USE OF THE SUPPORT FUNDS RECEIVED FROM THE TRUST AND UNDERSTAND HOW THE TRUST INVESTMENT CONTRIBUTED TO THE AMOUNT RECEIVED CURRENTLY AND ANTICIPATED OVER TIME. FORM 990, SCHEDULE A, PART V THE TRUST HAS NOT RECEIVED ANY GRANT, CONTRIBUTION, BEQUEST OR OTHER TRANSFER ON OR AFTER NOVEMBER 20, 1970. THE TRUST IS REQUIRED BY ITS GOVERNING INSTRUMENT TO DISTRIBUTE ALL OF ITS NET INCOME CURRENTLY TO THE DESIGNATED BENEFICIARY SUPPORTED ORGANIZATION, THE TRUSTEE DOES NOT HAVE DISCRETION TO VARY EITHER THE BENEFICIARY SUPPORTED ORGANIZATION OR AMOUNTS PAYABLE TO THE SUPPORTED ORGANIZATION. FORM 990, SCHEDULE A, PART V FINALLY, THERE ARE NO DISQUALIFIED PERSONS AS TRUSTEE. true THE MARINERS' MUSEUM 100 MUSEUM DRIVE NEWPORT NEWS VA 236063759 540541801 501(C)(3) 2737709 PROGRAM SUPPORT EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 TRUST ACCOUNTING RECORDS ARE MAINTAINED IN A DEDICATED TRUST ACCOUNTING SYSTEM. REPORTS ARE REGULARLY OBTAINED FROM THIS SYSTEM. TRUST ADMINISTRATORS FOLLOW THE RULES AND REGULATIONS GOVERNING CONTINUITY AND MAINTENANCE OF EXEMPT STATUS WHILE ALSO CARRYING OUT INDIVIDUAL TRUSTOR INTENT. DUTIES INCLUDE ANNUAL TRUST REVIEW, ISSUING REPORTS, IDENTIFYING CHARITABLE RECIPIENTS, RESEARCHING TAX STATUS OF POTENTIAL CHARITABLE RECIPIENTS, AND MAKING NECESSARY INCOME DISTRIBUTIONS FROM EACH TRUST. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW TRUSTEE REVIEWS ALL UNDERLYING MONETARY AND FACTUAL INFORMATION BEFORE THE IRS FROM 990 IS FILED. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c JPM in its capacity as the trustee and the investment management oversees all transaction and makes sure that no conflict of interest arises through the policy. FORM 990, PAGE 6, PART VI, LINE 19 AS TRUSTEE, JPMORGAN CHASE BANK NA MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS OF THE SUPPORTED ORGANIZATION. THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC, BUT HAVE BEEN GIVEN AND ARE AVAILABLE TO ALL INTERESTED PARTIES SUCH AS BENEFICIARIES, TRUSTEES, EXECUTORS, ETC. JPMORGAN CHASE BANK NA DOES NOT HAVE A PUBLIC CONFLICT OF INTEREST POLICY. HOWEVER, THE GOVERNING DOCUMENTS AND STATE LAW IMPOSE LIMITATIONS OF TRUSTEE POWERS THAT JPMORGAN CHASE BANK NA STRICTLY FOLLOWS. FINANCIAL STATEMENTS ARE SENT TO EACH CHARITABLE BENEFICIARY FOR REVIEW AND COMMENT. EXPLANATION FOR FORM 990, PART XI, LINE 9 MUTUAL FUND ADJUSTMENT $(197.98); 2021 TRANSACTIONS POSTED IN 2022; $802.59;2023 TRANSACTIONS POSTED IN 2022 $(934.42);RETURN OF CAPITAL ADJUSTMENT $28.20; ROUNDING $26.61 MARINERS MUSEUM 100 MUSEUM DRIVE NEWPORT NEWS VA 23606 540541801 MUSEUM VA 501(C)(3) 7 NA false false true false false false false false false false false false false false false false false false false false THE MARINERS MUSEUM b 2737709 FMV