2025-11-17T11:20:09-06:00 2024-12-31 050392605 MULLEN SCORPIO & CERILLI 67 CEDAR STREET PROVIDENCE RI 02903 990 2024-01-01 237102744 HERRESHOFF MARINE MUSEUM HERR 4012535000 ONE BURNSIDE STREET BRISTOL RI 02809 WILLIAM LYNN EXECUTIVE DIRECTOR 4012535000 2025-11-17 1 0 PATRICIA M CERILLI P01598123 4017513860 2025-11-17 2024 2025-03-06 01:10:19Z WILLIAM LYNN 1 BURNSIDE STREET BRISTOL RI 02809 2112329 0 X WWW.HERRESHOFF.ORG X 1971 RI INTERPRET THE HISTORY & ACCOMPLISHMENTS OF THE HERRESHOFF MANUFACTURING CO. & AMERICA'S CUP. 22 21 38 29 0 0 1108752 1183821 514036 559165 12121 58733 5404 -137975 1640313 1663744 0 0 0 0 772391 808981 0 0 255382 781525 1097882 1553916 1906863 86397 -243119 4923954 4670762 1460524 1417783 3463430 3252979 X INTERPRETATION OF THE HISTORY AND ACCOMPLISHMENTS OF THE HERRESHOFF MANUFACTURING COMPANY AND AMERICA'S CUP. 0 0 578721 472835 WATERFRONT AND EDUCATION PROGRAMS: INCLUDES THE SEAMANSHIP PROGRAM, LECTURES, THE WORKSHOP PROGRAM IN CLASSIC BOAT MAINTENANCE AND EDUCATIONAL PARTNERSHIPS. THE WORKSHOP PROGRAM IN CLASSIC BOAT MAINTENANCE PROVIDES A HANDS-ON EXPERIENCE IN HELPING TO CARE FOR THE MUSEUM'S ACTIVE-USE COLLECTION OF WATERCRAFT. THE SEAMANSHIP PROGRAM'S PRIMARY GOALS ARE TO TEACH SAILING SKILLS AND WATER AWARENESS, TO INSTILL A LOVE OF THE MARINE ENVIRONMENT AND TO CREATE LIFELONG SAILORS. 411213 67858 MUSEUM ACTIVITIES AND ADMISSIONS: THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE INSPIRATION AND EDUCATION OF THE PUBLIC THROUGH THE PRESENTATION OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. VISITORS TO THE MUSEUM HAVE THE OPPORTUNITY TO EXPLORE THE WORLD'S LARGEST COLLECTION OF ANY ONE NAVAL ARCHITECT'S LIFE WORK. THE GENIUS OF THE HERRESHOFF BROTHERS IS UNSURPASSED IN ITS COMINBATION OF BUSINESS ACUMEN AND INNOVATION. 30343 10842 PROGRAM EVENTS: THE MUSEUM'S MONTHLY LECTURE SERIES BRINGS THE KNOWLEDGE OF ESTABLISHED AUTHORS, SAILORS, AND EXPERTS DIRECTLY TO THE PUBLIC. TOPICS COVER HISTORIC MARITIME EVENTS, CONTEMPORARY EXHIBITS AND SAILING PROGRAMS, AND ONGOING RESTORATION PROJECTS AND REPLICA BUILDS. PROGRAM EVENTS ALSO INCLUDE THE HERRESHOFF CLASSIC YACHT REGATTA WHICH BRINGS CLASSIC YACHT ENTHUSIASTS TO THE MUSEUM ON NARRAGANSETT BAY FOR AN ANNUAL CELEBRATION OF THE HERRESHOFF MANUFACTURING COMPANY HERITAGE. 126113 7630 EXPENSES FOR OTHER PROGRAM SERVICES INCLUDE MUSEUM STORE PAYROLL AND FIXTURES, REPAIRS AND MAINTENANCE OF MULTIPLE HISTORIC BUILDINGS ON THE ORGANIZATION'S CAMPUS, AND SPECIALTY PROJECTS FOR CONTENT DEVELOPMENT. THE BALANCE OF PROGRAM SERVICE REVENUE IS FROM COMMERCIAL SPONSORS. 126113 7630 1146390 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 27 0 1 38 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM LYNN PRESIDENT EXECUTIVE DIRECTOR 4012535000 ONE BURNSIDE STREET BRISTOL RI 02809 ROBERT AYERLE DIRECTOR 1.00 X 0 0 0 NEVIN CARR DIRECTOR 1.00 X 0 0 0 THOMAS CULORA DIRECTOR 1.00 X 0 0 0 DAVID FORD CHAIRMAN EMERITUS 3.00 X X 0 0 0 HALSEY C HERRESHOFF DIRECTOR 1.00 X 0 0 0 HALSEY C HERRESHOFF II DIRECTOR 1.00 X 0 0 0 ELISABETH LAVERS EX OFFICIO, SECRETARY 1.00 X X 0 0 0 LAWRENCE D LAVERS DIRECTOR 1.00 X 0 0 0 WILLIAM H LYNN PRESIDENT AND EXECUTIVE DI 40.00 X X 144961 0 10200 JOHN JAY PICOTTE DIRECTOR 1.00 X 0 0 0 ALISON PONDER VICE CHAIR 1.00 X X 0 0 0 ROBERT D YARO CHAIRMAN 1.00 X X 0 0 0 PAUL BURMEISTER TREASURER 1.00 X X 0 0 0 ERIC HALL DIRECTOR 1.00 X 0 0 0 GINA MACDONALD DIRECTOR 1.00 X 0 0 0 DAVID COIT DIRECTOR 3.00 X 0 0 0 PETER GERARD DIRECTOR 1.00 X 0 0 0 ROBERT BOB GIRRIER DIRECTOR 1.00 X 0 0 0 TIMOTHY L PALMER DIRECTOR 1.00 X 0 0 0 MEGHAN STASZ DIRECTOR 1.00 X 0 0 0 JIM SHRINER DIRECTOR 1.00 X 0 0 0 LADY GAY SUTTON DIRECTOR 1.00 X 0 0 0 144961 0 10200 1 0 1 0 0 59522 208205 916094 64937 1183821 EDUCATION PROGRAMS 611600 259930 259930 WATERFRONT PROGRAMS 611710 212905 212905 ADMISSIONS 611710 67858 67858 MUSEUM ACTIVITIES 611710 10842 10842 MISC MUSEUM REVENUE 900099 7630 7630 559165 38745 38745 194495 236416 -41921 -41921 -41921 19988 0 19988 19988 19988 45130 208205 180247 -135117 -135117 70985 31922 39063 39063 1663744 559165 0 -79242 144960 86976 57984 598721 390661 171952 36108 -2050 412 27538 -30000 67350 38483 20049 8818 10208 10208 935 935 23000 23000 3124 3124 8085 7408 677 21297 10111 11186 116973 83954 5497 27522 16403 6568 3903 5932 53799 33650 20086 63 16216 5654 4696 5866 61140 46988 14121 31 182461 175645 6816 76509 67644 8361 504 OTHER EXPENSES 322746 157579 93024 72143 PROGRAM EXPENSE 123568 115123 7252 1193 EVENT EXPENSE 59206 1174 58032 EXHIBIT EXPENSE 2212 2212 1906863 1146390 505091 255382 61518 164301 1158770 1017216 95640 88515 138937 58306 13630 12926 6472 3231 7940677 5055946 3080976 2884731 290400 358009 3685 10095 73926 73432 4923954 4670762 144552 163260 64187 107177 1251785 1147346 1460524 1417783 X 1948482 1738031 1514948 1514948 3463430 3252979 4923954 4670762 X -243119 33162 -494 X X 0 1 X 1 0 X 918286 977800 943302 1108752 1088604 5036744 918286 977800 943302 1108752 1088604 5036744 201103 4835641 2331 29753 -62843 -33926 -46953 -111638 4925106 0.98180 0.98650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 290400 52056 12429 3124 358009 268536 36632 12032 2736 290400 316484 -33483 11835 2630 268536 273850 56363 11233 2496 316484 257751 29271 10777 2395 273850 1 0 474602 474602 4033727 2452423 1581304 726076 617660 108416 2706272 1985863 720409 2884731 INVESTMENTS HELD AT RI COMMUNITY FDN 358009 F 358009 X 2141873 33162 448091 481253 1660620 3124 3124 1663744 2352324 448585 448585 1903739 3124 3124 1906863 PART III, LINE 1A: THE COLLECTION CONSISTS OF ITEMS OF HISTORICAL SIGNIFICANCE THAT ARE HELD BY THE ORGANIZATION TO BE PRESERVED AND PROTECTED. THESE ITEMS OF THE COLLECTION WHICH INCLUDE YACHTS, BOOKS, PHOTOGRAPHS, ARCHITECTURAL DESIGNS, ARTWORK AND MARINE RELATED MEMORABILIA ARE MADE AVAILABLE TO THE GENERAL PUBLIC FOR VIEWING AND STUDY. THE COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ORGANIZATION'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. THE VALUE OF ITEMS OF COLLECTION RECEIVED IS NOT REPORTED AS CONTRIBUTIONS OR ACCESSIONS IN THE STATEMENT OF ACTIVITIES. THE ORGANIZATION'S POLICY IS TO PROVIDE RESOURCES TO ENSURE THE COLLECTION IS PROTECTED AND PRESERVED IN ACCORDANCE WITH THE POLICIES OF THE AMERICAN ASSOCIATION OF MUSEUMS. PART III, LINE 4: THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE EDUCATION AND INSPIRATION OF THE GENERAL PUBLIC THROUGH THE PRESENTATION OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY (HMC) AND THE AMERICA'S CUP COMPETITION. THE "COLLECTION" IS COMPRISED OF 60 BOATS, OVER 2,000 HISTORIC ARTIFACTS FROM THE HMC, THE HERRESHOFF FAMILY, AND THE AMERICA'S CUP COMPETITION AND OVER 3,000 PHOTOGRAPHS AND FILM NEGATIVES RELATED TO THE SAME (COLLECTIVELY "COLLECTION"). THE COLLECTION ALSO INCLUDES A MODEL ROOM AND SHIP MODELS, A LIBRARY WITH NEARLY 5,000 MONOGRAPHS AND VIDEOS AND THE ARCHIVAL RECORDS OF THE HMC AND THE AMERICA'S CUP EVENTS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND IS GENERALLY DONOR RESTRICTED TO SUPPORT THE PRESERVATION OF THE COLLECTION AND PROVIDE OPERATIONAL SUPPORT IN ACCORDANCE WITH THE DONOR STIPULATIONS. PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITION WITHIN ANY OF ITS OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 31,922. SPECIAL EVENT EXPENSES 180,247. RENTAL EXPENSES 236,416. ALLOCATION OF INCOME TO NON-CONTROLLING INTEREST -494. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 31,922. SPECIAL EVENT EXPENSES 180,247. RENT EXPENSES 236,416. ACHOF 116300 116300 109783 REGATTA 31121 31121 30486 4 105914 60784 45130 39978 253335 208205 45130 180247 180247 -135117 0 0 0 0 0 0 0 0 0 WILLIAM H LYNN PRESIDENT AND EXECUTIVE DI 144961 0 0 0 0 0 10200 0 0 0 155161 0 0 0 X 8 37270 APPRAISED VALUE; FMV X FOOD 13 25112 FMV X MAGAZINES 1 1620 FMV X LEGAL 1 935 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 HALSEY HERRESHOFF (BOARD OF DIRECTORS) AND HALSEY HERRESHOFF II (BOARD OF DIRECTORS) ARE RELATED. FORM 990, PART VI, SECTION A, LINE 6 SEE SUPPLEMENTARY INFORMATION FOR 990, PART VI, SECTION A, LINE 7A & 7B FORM 990, PART VI, SECTION A, LINE 7A HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE WHOSE TERMS HAVE EXPIRED AND FOR THE TRANSACTIONS OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. EACH INDIVIDUAL, FAMILY OR GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL BE ENTITLED TO ONE VOTE, WHICH MAY BE GIVEN IN PERSON OR BY PROXY. THE CHAIRPERSON OR PRESIDENT WILL REPORT ON THE ACTIVITIES OF THE ORGANIZATION DURING THE PRECEEDING YEAR. THE TREASURER WILL REPORT ON THE FISCAL CONDITION OF THE ORGANIZATION DURING THE PRECEEDING YEAR. FORM 990, PART VI, SECTION A, LINE 7B HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERS FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE EXPIRED AND FOR THE TRANSACTIONS OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. EACH INDIVIDUAL, FAMILY OR GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE ENTITLED TO ONE VOTE, WHICH MAY BE GIVEN IN PERSON OR BY PROXY. THE CHAIRPERSON OR PRESIDENT WILL REPORT ON THE ACTIVITIES OF THE ORGANIZATION DURING THE PRECEEDING YEAR. THE TREASURER WILL REPORT ON THE FISCAL CONDITION OF THE ORGANIZATION DURING THE PRECEEDING YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY THE ORGANIZATION'S AUDITOR AND REVIEWED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE AND OPERATIONS. THE DRAFT IS SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AND A FINAL VERSION IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS PROVIDE SELF-DECLARATION OF POSSIBLE CONFLICTS OF INTEREST AS PART OF THE ANNUAL RESPONSIBILITIES. THE CONFLICT OF INTEREST FORMS ARE REVIEWED BY THE CHAIRPERSON OF THE BOARD WITH THE VICE CHAIRPERSON OF THE BOARD IN CASE OF THE CHAIRPERSON'S OWN FILING. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF KEY MANAGERS ARE INFORMALLY REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THE REVIEW AND APPROVAL OF THE OPERATING BUDGET ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE DIRECTOR OF FINANCE AND OPERATIONS UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST -494. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT AUDITORS. HMM CONDO ASSOCIATION 1 BURNSIDE STREET BRISTOL RI 02809 263689010 REAL ESTATE RI HERRESHOFF MARINE MUSEUM C 0.78000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 HERRESHOFF MARINE CONDO ASSOCIATION Q 6411 FMV