2026-02-13T12:06:25-06:00 2025-03-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2024-04-01 042104937 SOCIETY FOR THE PRESERVATION OF NEW ENGL SOCI 6179945900 151 ESSEX STREET HAVERHILL MA 018325565 VIN CIPOLLA PRESIDENT/CEO 6172273957 2026-02-13 1 0 KEVIN J MAGUIRE JR CPA P02109581 5087557107 2026-02-13 2024 2025-03-06 01:10:19Z HISTORIC NEW ENGLAND VIN CIPOLLA 151 ESSEX STREET HAVERHILL MA 018325565 234661222 0 X HISTORICNEWENGLAND.ORG X 1910 MA WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 24 23 376 0 -352215 0 6243330 11180228 744484 815471 4704910 33039269 405079 -10659 12097803 45024309 130350 59739 0 0 9244259 10444254 0 0 1278578 7379202 7500844 16753811 18004837 -4656008 27019472 160750271 162301305 4483720 4192484 156266551 158108821 WE SAVE AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM PRESENT AND FUTURE GENERATIONS. 0 0 11175642 59739 1197370 MUSEUMS - THE 38 HISTORIC PROPERTIES OWNED AND RUN BY HISTORIC NEW ENGLAND AND THE HISTORIC NEW ENGLAND CENTER FOR PRESERVATION AND COLLECTIONS HAVE BEEN VISITED BY OVER 177,668 INDIVIDUALS. THE PROGRAMS INCLUDE EDUCATION, PUBLIC OUTREACH, AND CURATORIAL CARE FOR OVER 123,000 OBJECTS AND 1.5 DOCUMENTS AND PHOTOGRAPHS. 480801 CONSERVATION AND PRESERVATION- HISTORIC NEW ENGLAND PROVIDES PROPERTY CARE AND MANAGEMENT SERVICES FOR ALL OF THE ORGANIZATIONS HISTORIC PROPERTIES AND LANDSCAPES. 2587183 102000 EASEMENT PRESERVATION- THE HISTORIC NEW ENGLAND PRESERVATION EASEMENT PROGRAM PROTECTS 127 PRIVATELY OWNED HISTORIC PROPERTIES THROUGHOUT THE REGION. 14243626 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 120 0 1 376 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA CT ME NH RI X X SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 6179945962 151 ESSEX STREET HAVERHILL MA 018325564 VIN CIPOLLA PRESIDENT/CEO 40.00 X X 629611 0 90837 CHARLES FRIZZELL SENIOR VP & COO 40.00 X 115069 0 7920 NORA MARLOULIS CAMPAIGN DIRECTOR 40.00 X 200449 0 28137 JENNIFER KENT VP FOR ADVANCEMENT 40.00 X 175372 0 16195 WENDY E GUS DIRECTOR OF FINANCE 40.00 X 147320 0 24552 DAVID DWIGGINS IT OFFICER 40.00 X 142774 0 5711 DEBORAH L ALLINSON CHAIR OF THE BOARD 2.00 X X 0 0 0 DAVID L FEIGENBAUM FIRST VICE-CHAIR & CLERK 2.00 X X 0 0 0 GEORGE F FISKE JR TREASURER 2.00 X X 0 0 0 GREGORY D LOMBARDI SECOND VICE CHAIR 2.00 X X 0 0 0 NANCY B TOOKE ASSISTANT TREASURER 2.00 X X 0 0 0 JOCOB ALBERT TRUSTEE 2.00 X 0 0 0 RICHARD C ALBRIGHT JR TRUSTEE 2.00 X 0 0 0 AZADEH DJAZANI TRUSTEE 2.00 X 0 0 0 WENDY L ECKER TRUSTEE 2.00 X 0 0 0 EDWARD C FLECK TRUSTEE 2.00 X 0 0 0 EDWARD F GERBER TRUSTEE 2.00 X 0 0 0 JAMES F HUNNEWELL JR TRUSTEE 2.00 X 0 0 0 JUDITH JOHNSON TRUSTEE 2.00 X 0 0 0 LYDIA F KIMBALL TRUSTEE 2.00 X 0 0 0 ALLEN B KOLKOWITZ TRUSTEE 2.00 X 0 0 0 NANCY LAGASSE TRUSTEE 2.00 X 0 0 0 SANDRA OURUSOFF MASSEY TRUSTEE 2.00 X 0 0 0 KRISTIN L SERVISON TRUSTEE 2.00 X 0 0 0 ANGIE SIMONDS TRUSTEE 2.00 X 0 0 0 RUTH KENNEDY SUDDUTH TRUSTEE 2.00 X 0 0 0 GENEVA S THORNDIKE TRUSTEE 2.00 X 0 0 0 VERA TROJAN TRUSTEE 2.00 X 0 0 0 ALAN W WONG TRUSTEE 2.00 X 0 0 0 1410595 0 173352 8 0 1 0 WINDOVER CONSTRUCTION INC 66 CHERRY HILL DR BEVERLY MA 01915 CONSTRUCTION SERVICES 275956 DESIGN LAB ARCHITECTS 186 SOUTH STREET BOSTON MA 02111 ARCHITECT DESIGN 208388 OX-EYE PROPERTIES LLC 85 MERRIMAC STREET BOSTON MA 02114 OFFICE RENTAL & ELECTRIC 206284 RM BORSKI AND SONS INC 442 SENEXET ROAD WOODSTOCK CT 06281 CONSTRUCTION SERVICES 157857 PRESERVE SERVICES 203 WASHINGTON STREET SALEM MA 01970 PAINTING 153040 10 566306 627718 789476 9196728 150307 11180228 ADMISSIONS 713990 815471 815471 815471 1938066 1938066 13472 13472 1282491 441682 642123 597635 640368 -155953 484415 428421 55994 218587018 187485815 31101203 31101203 31101203 54500 627718 210315 -155815 -155815 322944 701025 -378081 30128 -408209 MISCELLANEOUS INCOME 713990 25350 25350 25350 45024309 1299370 -352215 32896926 59739 59739 1067373 301164 491220 274989 7472043 5960987 843854 667202 261220 165222 60096 35902 1033461 706729 200508 126224 610157 451074 94669 64414 162665 110265 52400 69697 69697 60000 60000 347940 278352 69588 65969 65969 84409 23645 60764 541729 379462 136276 25991 587566 516921 58846 11799 949186 949054 132 313411 236358 42720 34333 52450 38015 11661 2774 35578 35578 731227 669719 55496 6012 264082 247486 16596 FACILITY IMPROVEMENTS & 1355297 1347384 7913 PROGRAM AND EVENT EXPEN 892778 862927 1342 28509 GROUNDS IMPROVEMENT & M 846583 846583 CONSULTING & CONTRACT 548476 416038 132438 -408199 -419076 10448 429 18004837 14243626 2482633 1278578 32085 -1 1752912 3390129 416358 1002605 37026 13650 172682 159241 184615 159968 21861015 9470270 12344449 12390745 133531715 133146778 11117065 11083983 1161364 954207 160750271 162301305 2211519 2267862 897810 677318 1374391 1247304 4483720 4192484 X 29536161 28215680 126730390 129893141 156266551 158108821 160750271 162301305 X 27019472 -25144120 -33082 X 0 1 X 1 0 X 6254004 10252733 11769497 6328867 11353265 45958366 6254004 10252733 11769497 6328867 11353265 45958366 11296729 34661637 1739904 2323956 3003272 3012606 3675711 13755449 12392 25983 107182 28509 25645 199711 59913526 4482209 0.57850 0.63330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 60000 60000 0 PART II-B, LINE 1: ENGAGED A CONSULTANT TO ASSIST WITH FACILITATING DISCUSSIONS WITH RELEVANT STAKEHOLDERS IN THE HAVERHILL, MA COMMUNITY, INCLUDING LOCAL AND STATE ELECTED OFFICIALS, AS THE ORGANIZATION IS IN EARLY STAGES OF PLANNING AN EXPANSION IN ITS DOWNTOWN, TRANSIT-CENTERED LOCATION. X X X 127 1118.54 125 59 0 5 1 8528.00 480801 1 X X X X 0 0 0 106757478 775875 4922034 6372073 106083314 100835016 1019834 14782578 9879950 106757478 98914821 11865986 -3924359 5218749 100835016 103220697 1505963 -533301 5278538 98914821 82612745 800621 25809829 5540754 103220697 0.16564 0.64641 0.18795 0 0 1070487 1070487 14529746 5273498 9256248 5497314 4196772 1300542 763468 763468 12390745 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 11083983 F 11083983 REFUNDABLE DEPOSITS 541676 RIGHT OF USE LEASE LIABILITIES 705628 1247304 21814009 -25144120 2281760 -22862360 44676369 347940 347940 45024309 19971739 2314842 2314842 17656897 347940 347940 18004837 PART II, LINE 3: IN 2024/2025, NO PRESERVATION EASEMENTS WERE MODIFIED, SOLD, TRANSFERRED, RELEASED OR TERMINATED. PART II, LINE 9: REVENUE AND EXPENSES FOR THE EASEMENTS ARE NOT REFERENCED IN THE FOOTNOTES OF THE FINANCIAL STATEMENTS RATHER THEY ARE BOOKED IN A SEGREGATED BUDGET CENTER KNOWN AS PRESERVATION EASEMENT PROGRAM, THIS INCLUDES EASEMENT REVENUE, PAYROLL, BENEFITS, ADMINISTRATION, ETC. DONATIONS ARE DEPOSITED INTO THE ORGANIZATION'S ENDOWMENTS AND INVESTMENTS AND DRAWN IN COMPLIANCE WITH ITS ANNUAL DRAWDOWN POLICIES. THE ORGANIZATION DOES NOT ACCOUNT FOR EASEMENT PROPERTIES ON ITS BALANCE SHEET. PART III, LINE 1A: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY LIBRARIES AND MUSEUMS, THE ORGANIZATION 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 ORGANIZATION CONTINUALLY REVIEWS ITS COLLECTION AND MAY DE-ACCESS 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: HISTORIC NEW ENGLAND, FOUNDED AS THE SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES IN 1910, IS THE OLDEST, LARGEST AND MOST COMPREHENSIVE INDEPENDENT PRESERVATION ORGANIZATION IN THE UNITED STATES, AND WELCOMES THE PUBLIC TO THIRTY-EIGHT EXCEPTIONAL MUSEUMS AND LANDSCAPES, INCLUDING SEVERAL COASTAL FARMS. THE ORGANIZATION OPERATES A MAJOR COLLECTIONS AND ARCHIVES CENTER IN HAVERHILL, MASSACHUSETTS, AND HAS THE WORLD'S LARGEST COLLECTION OF NEW ENGLAND ARTIFACTS, COMPRISING MORE THAN 123,000 OBJECTS, AND 1.5 MILLION DOCUMENTS AND PHOTOGRAPHS, ARCHITECTURAL DRAWINGS, MANUSCRIPTS, AND EPHEMERA. ENGAGING EDUCATION PROGRAMS FOR YOUTH, ADULTS, AND PRESERVATION PROFESSIONALS, AND AWARD-WINNING EXHIBITIONS AND PUBLICATIONS ARE OFFERED IN PERSON AND VIRTUALLY. THE HISTORIC NEW ENGLAND PRESERVATION EASEMENT PROGRAM IS A NATIONAL LEADER AND PROTECTS 127 PRIVATELY OWNED HISTORIC PROPERTIES THROUGHOUT THE REGION. PART V, LINE 4: AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION 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 RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION 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 ORGANIZATION 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 ORGANIZATION 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 ORGANIZATION'S INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION 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 ORGANIZATION HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ORGANIZATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% (THE BOARD MAY APPROVE MORE OR LESS FROM TIME TO TIME) OF THE TWENTY-QUARTER AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF DECEMBER 31 PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE ORGANIZATION'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 ORGANIZATION TO RETAIN AS A FUND OF PERPETUAL DURATION. FUNDS WITH ORIGINAL GIFT VALUES OF $3,552,193, FAIR VALUES OF $3,511,759, AND DEFICIENCIES OF $40,434 WERE REPORTED IN NET ASSETS WITH DONOR RESTRICTIONS AS OF MARCH 31, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 701,025. RENTAL EXPENSE 1,239,758. UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -33,082. SPNEA CT 163,744. SPECIAL EVENT EXPENSES 210,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 701,025. RENTAL EXPENSE 1,239,758. FUNDRAISING EXPENSES 210,315. SPNEA CT 163,744. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 11518175 0 0 0 0 0 0 11518175 0 11518175 0 0 0 0 0 0 MEDAL GALA 682218 627718 54500 103627 106688 682218 627718 54500 103627 106688 210315 -155815 1 SPNEA CT 151 ESSEX STREET HAVERHILL MA 01832 454847030 0 59739 COST HISTORIC BUILDING PRESERVATION/EDUCATIONAL TOURS X X X X 0 1 0 0 0 0 0 0 0 VIN CIPOLLA PRESIDENT/CEO 629611 0 0 0 0 0 75300 0 15537 0 720448 0 0 0 NORA MARLOULIS CAMPAIGN DIRECTOR 200449 0 0 0 0 0 2532 0 25605 0 228586 0 0 0 JENNIFER KENT VP FOR ADVANCEMENT 175372 0 0 0 0 0 7232 0 8963 0 191567 0 0 0 WENDY E GUS DIRECTOR OF FINANCE 147320 0 0 0 0 0 6115 0 18437 0 171872 0 0 0 PART I, LINE 4B THE ORGANIZATION HAS IRS CODES 457(B) AND 457(F)DEFERRED COMPENSATION PLANS PROVIDING BENEFITS TO THE PRESIDENT/CEO COMMENCING UPON RETIREMENT. DEFERRED COMPENSATION EXPENSE FOR THE CURRENT YEAR WAS $23,380 AND $38,745 RESPECTIVELY. A MEFA BOND 042104937 57586EL01 2009-07-01 1855000 REFINANCE EXISTING BOND 0 0 0 A 1855000 18550 27318 2006 0 0 1 1 A 0 0 0 0 0.21000 0.21000 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 11 150307 FAIR MARKET VALUE X 35 0 STMT SCH M,LINE 33 0 1 0 PART I, LINE 32B: SCHEDULE M, LINE, 33: NO AMOUNT IS REPORTED IN REVENUE RELATED TO THE CONTRIBUTIONS OF ART AND HISTORICAL ARTIFACTS ON THE ORGANIZATION'S FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G OR SCHEDULE M, PART I BECAUSE THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTION AS ALLOWED UNDER ASC 958-605. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE AUDIT AND 990 ARE PRESENTED TO THE PRESIDENT/ CEO IN ADDITION TO THE AUDIT COMMITTEE FOR REVIEW. ONCE SATISFIED THE 990 IS SUBMITTED TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD EXECUTIVE COMMITTEE OVERSEES AND APPROVES THE PRESIDENT/ CEO CONTRACT AT RENEWAL. DIRECTORS, OFFICERS, AND ALL EMPLOYEES COMPENSATION IS APPROVED BY THE PRESIDENT. FURTHER, HISTORIC NEW ENGLAND HAS ACCESS TO VARIOUS MARKET SURVEYS TO DETERMINE FMV OF THE COMPENSATION OF EACH EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S 990 AND 990-T ARE AVAILABLE UPON REQUEST AND ARE ALSO AVAILABLE ON THE WEBSITES OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -33,082. SPNEA CT 151 ESSEX STREET HAVERHILL MA 01832 454847030 HISTORIC BUILDING PRESERVATION/EDUCATIONAL TOURS CT 501(C)(3) LINE 7 SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SPNEA CT B 59739 COST