2026-03-17T16:03:21-05:00 2025-08-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2024-09-01 042103652 AMERICAN ANTIQUARIAN SOCIETY AMER 5087555221 185 SALISBURY STREET WORCESTER MA 01609 SCOTT E CASPER PRESIDENT 5087555221 2026-03-17 1 0 KEVIN J MAGUIRE JR CPA P02109581 5087557107 2026-03-16 2024 2025-03-06 01:10:19Z SCOTT E CASPER 185 SALISBURY STREET WORCESTER MA 01609 15900534 0 X WWW.AMERICANANTIQUARIAN.ORG X 1812 MA THE AMERICAN ANTIQUARIAN SOCIETY CULTIVATES A DEEPER UNDERSTANDING OF THE AMERICAN PAST, GROUNDED IN ITS EVER-GROWING COLLECTION OF PRINTED AND MANUSCRIPT SOURCES. AS A NATIONAL RESEARCH LIBRARY, AAS COLLECTS, PRESERVES, AND MAKES AVAILABLE FOR STUDY THE RECORD OF WHAT IS NOW THE UNITED STATES FROM EARLY EUROPEAN SETTLEMENT THROUGH 1900. AS A LEARNED SOCIETY, AAS FOSTERS A BROAD COMMUNITY OF INQUIRY THROUGH INCLUSIVE PROGRAMS AND GENEROUS SUPPORT FOR SCHOLARSHIP. OUR AUDIENCES INCLUDE PROFESSIONAL SCHOLARS, PRE-COLLEGIATE, UNDERGRADUATE, AND GRADUATE STUDENTS AND EDUCATORS, PROFESSIONAL ARTISTS AND WRITERS, GENEALOGISTS, AND THE GENERAL PUBLIC. 23 22 57 35 0 0 2451199 1858998 755195 823941 3102702 5106544 61150 9308 6370246 7798791 381501 339068 0 0 3733580 3941544 0 0 497349 3073587 3211177 7188668 7491789 -818422 307002 117152453 120286066 4757977 4231342 112394476 116054724 X SUPPORTS AND MAINTAINS A RESEARCH LIBRARY OF AMERICAN HISTORY AND CULTURE. THE AMERICAN ANTIQUARIAN SOCIETY CULTIVATES A DEEPER UNDERSTANDING OF THE AMERICAN PAST, GROUNDED IN ITS EVER-GROWING COLLECTION OF PRINTED AND MANUSCRIPT SOURCES. AS A NATIONAL RESEARCH LIBRARY, AAS COLLECTS, PRESERVES, AND MAKES AVAILABLE FOR STUDY THE RECORD OF WHAT IS NOW THE UNITED STATES FROM EARLY EUROPEAN SETTLEMENT THROUGH 1900. AS A LEARNED SOCIETY, AAS FOSTERS A BROAD COMMUNITY OF INQUIRY THROUGH INCLUSIVE PROGRAMS AND GENEROUS SUPPORT FOR SCHOLARSHIP. OUR AUDIENCES INCLUDE PROFESSIONAL SCHOLARS, PRE-COLLEGIATE, UNDERGRADUATE, AND GRADUATE STUDENTS AND EDUCATORS, PROFESSIONAL ARTISTS AND WRITERS, GENEALOGISTS, AND THE GENERAL PUBLIC. 0 0 441701 1620 COLLECTION PURCHASES - TO INCREASE COLLECTION OF PRINTED MATERIALS RELATING TO AMERICAN HISTORY PRIOR TO 1900. 4965810 742010 CONSERVATION, CATALOGING AND OTHER - TO PRESERVE AND CATALOG THE SOCIETY'S COLLECTION OF BOOKS, NEWSPAPERS, MANUSCRIPTS & GRAPHIC ARTS IN CONJUNCTION WITH OTHER RESEARCH LIBRARIES. 339068 339068 89619 RESEARCH - TO SUPPORT FELLOWSHIP PROGRAM FOR 45 FELLOWS AND OTHER EDUCATIONAL SEMINARS 5746579 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 73 0 1 57 1 1 1 0 0 0 0 0 0 0 0 0 X 23 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X GEORGE TETLER 5084712167 185 SALISBURY STREET WORCESTER MA 01609 SCOTT E CASPER PRESIDENT 35.00 X 267956 0 25778 KRISTEN BALASH VP FOR FINANCE AND ADMINIS 35.00 X 135573 0 14170 LAUREN HEWES VP COLLECTIONS 35.00 X 134378 0 22263 MARY L SWAIN VP ADVANCEMENT 35.00 X 151803 0 10072 NAN WOLVERTON VP PROGRAMS 35.00 X 139507 0 16278 ANDREW CARIGLIA HEAD OF BUILDINGS AND GROU 40.00 X 119204 0 18906 PAUL S SPERRY CHAIR 2.00 X X 0 0 0 ROSALIND REMER VICE CHAIR 2.00 X X 0 0 0 GEORGE W TETLER III TREASURER 2.00 X X 0 0 0 NICK ARETAKIS RECORDING SECRETARY 2.00 X X 0 0 0 CRAIG S WILDER SECRETARY FOR DOMESTIC COR 2.00 X X 0 0 0 ANN V FABIAN SECRETARY FOR FOREIGN COR 2.00 X X 0 0 0 CHRISTINE LOKER COUNCILOR 2.00 X 0 0 0 DEBORAH HALL COUNCILOR 2.00 X 0 0 0 DERRICK R SPIRES COUNCILOR 2.00 X 0 0 0 DOUGLAS BROWN COUNCILOR 2.00 X 0 0 0 J CHRISTOPHER COLLINS COUNCILOR 2.00 X 0 0 0 JAMES DONNELLY COUNCILOR 2.00 X X 0 0 0 JOHN HERRON JR COUNCILOR 2.00 X 0 0 0 JULIAN DAVIS WADE COUNCILOR 2.00 X 0 0 0 MEREDITH MCGILL COUNCILOR 2.00 X 0 0 0 SAMANTHA MCDONALD COUNCILOR 2.00 X 0 0 0 MANISHA SINHA COUNCILOR 2.00 X 0 0 0 MARK A PETERSON COUNCILOR 2.00 X 0 0 0 RICHARD D BROWN COUNCILOR 2.00 X 0 0 0 SHARON BLOCK COUNCILOR 2.00 X 0 0 0 SHERYL JAEGER COUNCILOR 2.00 X 0 0 0 WENDY BELLION COUNCILOR 2.00 X 0 0 0 948421 0 107467 6 0 1 0 0 1858998 1858998 SALE OF DIGITIZED MEDIA 513120 719891 719891 RENTAL FROM FELLOWS AND RESEARCHE 611430 45910 45910 MEETINGS, SEMINARS, COURSES 611600 43709 43709 ROYALTIES 900099 14431 14431 823941 2395845 2395845 10812442 8101743 2710699 2710699 2710699 MISC INCOME 900099 7688 7688 COLLECTION SALES 900099 1620 1620 9308 7798791 833249 0 5106544 339068 339068 917780 332036 390905 194839 3023764 2332887 471149 219728 325 325 44575 44575 208101 208101 237745 187679 49263 803 68298 49539 3553 15206 698500 663819 20876 13805 151422 151422 992004 950401 24962 16641 107657 88083 9787 9787 COLLECTION PURCHASES 441701 441701 COMPUTER OPERATIONS 192700 158169 17303 17228 PROGRAMS & EVENTS 53008 44859 6168 1981 PRINTING 13624 6076 217 7331 1517 840 677 7491789 5746579 1247861 497349 9045703 8105327 510071 227523 50394 50605 41942071 13604977 28082277 28337094 62225009 70256116 16466754 12532837 772245 776564 117152453 120286066 488469 237772 4269508 3993570 4757977 4231342 X 29383756 29113055 83010720 86941669 112394476 116054724 117152453 120286066 307002 3353246 0 X 0 1 X 1 1 1 X 1933157 1769018 4733065 2451198 1858998 12745436 1933157 1769018 4733065 2451198 1858998 12745436 2484677 10260759 6523398 1769904 3441004 2546450 2395845 16676601 29422037 0.34870 0.29900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 0 73983412 184979 7239890 3398647 193650 77815984 67017054 24050 10381380 3314645 124427 73983412 61366711 2605500 6387620 3133566 209211 67017054 76666152 114100 -12171363 3163713 78465 61366711 63828081 25350 15975097 3026332 136044 76666152 0.01739 0.35500 0.62761 0 0 40284545 12198049 28086496 1547968 1406928 141040 109558 109558 28337094 PRIVATE EQUITY PARTNERSHIPS 12532837 F 12532837 X 10943936 3353246 3353246 7590690 208101 208101 7798791 7283688 0 7283688 208101 208101 7491789 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 SOCIETY 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 SOCIETY CONTINUALLY REVIEWS ITS COLLECTION AND MAY SELL 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 COLLECTIONS OF THE AAS INCLUDE PRINTED MATERIALS OF WHAT IS NOW THE UNITED STATES OF AMERICA FROM THE FIRST EUROPEAN SETTLEMENT THROUGH THE YEAR 1900. THE MISSION OF AAS IS TO COLLECT, PRESERVE AND MAKE AVAILABLE FOR STUDY THESE PRINTED RECORDS. PART V, LINE 4: THE SOCIETY'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE SOCIETY 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. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE SOCIETY 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 SOCIETY 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 SOCIETY MAY 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 SOCIETY 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 SOCIETY; AND THE INVESTMENT POLICIES OF THE SOCIETY. THE SOCIETY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS COUNCIL-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 COUNCIL, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE SOCIETY EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PRODUCE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 8% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE SOCIETY 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 SOCIETY HAS INVESTED IN A PORTFOLIO THAT TARGETS 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 SOCIETY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS THROUGH MAY 31 OF THE YEAR PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE SOCIETY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE SOCIETY'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 SOCIETY TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO DEFICIENCIES AS OF AUGUST 31, 2025 AND 2024. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC). CONTRIBUTIONS TO THE SOCIETY ARE TAX DEDUCTIBLE TO DONORS UNDER SECTION 170 OF THE IRC. THE SOCIETY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS 12362682 0 0 0 0 0 0 12362682 0 12362682 0 0 0 0 0 0 0 CASH FELLOWSHIPS 45 339068 BOOK 1 X 0 0 0 0 0 0 0 0 0 SCOTT E CASPER PRESIDENT 267956 0 0 0 0 0 16471 0 9307 0 293734 0 0 0 LAUREN HEWES VP COLLECTIONS 134378 0 0 0 0 0 11298 0 10965 0 156641 0 0 0 MARY L SWAIN VP ADVANCEMENT 151803 0 0 0 0 0 9472 0 600 0 161875 0 0 0 NAN WOLVERTON VP PROGRAMS 139507 0 0 0 0 0 11298 0 4980 0 155785 0 0 0 A MASS DEVELOPMENT FINANCE AGENCY 043431814 2017-02-08 17705600 FINANCE CAPITAL IMPROVEMENTS AND REFINANCE EXISTING BONDS 0 0 0 A 17705600 137756 15635788 43493 2019 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 0 0 1 0 PART I, LINE 33: AS EXPLAINED IN SCHEDULE D, PART II, LINE 1, THE SOCIETY DOES NOT CAPITALIZE ITS COLLECTIONS AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. FORM 990, PART VI, SECTION A, LINE 4 THE SOCIETY CHANGES IS BYLAWS TO INCREASE THE # OF ALLOWED MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS EMAILED TO EACH OFFICER AND COUNCIL MEMBER FOR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS INFORMATION PROVIDED BY OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES TO INSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW FOR THE PRESIDENT: ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE COUNCIL WILL CONDUCT AN EVALUATION OF THE PRESIDENT FOR THE PURPOSES OF DETERMINING HER/HIS COMPENSATION. EXECUTIVE COMPENSATION DATA FOR INSTITUTIONS DESIGNATED BY THE COUNCIL AS COMPARABLE TO AAS WILL BE CONSIDERED WHEN SETTING OVERALL COMPENSATION. WITHIN THIRTY DAYS OF THEIR EVALUATION, THE EXECUTIVE COMMITTEE WILL COMMUNICATE IN WRITING THE RESULTS OF THEIR EVALUATION TO THE PRESIDENT. THIS COMMUNICATION SHOULD CONTAIN A STATEMENT OF THE COMPENSATION FOR THE PRESIDENT FOR THE NEXT FISCAL YEAR. A CONTEMPORANEOUS RECORD OF THE DELIBERATIONS OF THE EXECUTIVE COMMITTEE AND OF THE COUNCIL AS THEY RELATE TO THE EVALUATION OF THE PRESIDENT WILL BE MADE AND RETAINED. TO SUPPORT THE COUNCIL'S EVALUATION, THE PRESIDENT WILL PROVIDE VARIOUS DOCUMENTS ACCORDING TO A SCHEDULE ESTABLISHED BY THE EXECUTIVE COMMITTEE INCLUDING: A SELF-ASSESSMENT NARRATIVE, PROGRESS REPORTS ON GOALS AND OBJECTIVES, BUDGET VS. ACTUAL FINANCIAL REPORTS, REPORTS ON FUNDRAISING AND EARNED REVENUES, DATA ON MANAGEMENT EFFECTIVENESS, SUCH AS STAFF TURNOVER AND, PERIODICALLY, JOB SATISFACTION SURVEYS, REPORTS FROM OUTSIDE EVALUATORS THAT MAY BE RECEIVED IN THE COURSE OF GRANT REVIEWS AND FINANCIAL OR REGULATORY AUDITS. THE PRESIDENT DETERMINES THE SALARIES OF THE OTHER OFFICERS OF THE SOCIETY. FORM 990, PART VI, SECTION C, LINE 19 ANY REQUESTS FOR THE ORGANIZATION'S DOCUMENTS, POLICIES, FINANCIAL STATEMENTS OR RETURNS ARE FORWARDED TO THE PRESIDENT OF THE SOCIETY WHO MAKES ARRANGEMENTS FOR THE RELEASE OF INFORMATION. THE ORGANIZATION'S TAX RETURNS ARE ALSO LISTED ON OTHERS' WEBSITES.