2022-04-10T07:10:32-05:00 2021-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2021-01-01 046000828 The Star Island Corporation STAR 6034306272 30 Middle Street Portsmouth NH 03801 Joseph Watts CEO 6034306272 2022-04-07 1 Joseph Watts 999009999 Melissa Magoon CPA P01712842 2077752387 2022-04-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Joseph Watts 30 Middle Street Portsmouth NH 03801 4281373 0 X www.starisland.org X 1915 NH Operation of a religious and educational conference center on Star Island 13 12 147 234 0 0 2171375 2227502 4394 1886552 1801 5456 156428 160495 2333998 4280005 2300 0 0 0 1086509 1603324 0 0 171786 1218588 2035313 2307397 3638637 26601 641368 12209257 13529127 2299900 2231251 9909357 11297876 X The mission of Star Island Corporation is to hold and maintain Star Island and such other property as the Corporation may hold or acquire, as a center for religious, educational, and kindred purposes consistent with the principles of the Unitarian Universalist Association and the United Church of Christ. 0 0 2968831 1886552 Since 1915, The Star Island Corporation has operated Star Island as a religious and educational conference center. During 2021, approximately 2,417 individuals attended 48 conferences held during the year. Conferences covered topics from the arts to natural history, from religious education to laity training, and from spirituality to international affairs. The Corporation strives to make these conferences affordable for all, even though room and board revenue only manages to cover approximately 47% of its annual operating costs. Star honors its religious purpose, among other things, by having a minister of the week present on the island during the main summer conference weeks and having daily chapel services during these weeks. 2968831 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 27 0 1 147 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 13 12 1 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X Joseph Watts 6034306272 30 Middle Street Portsmouth NH 03801 Debbie Duval President 3.00 0.00 X X 0 0 0 Jeff Loewer Acting VP/Treasurer 3.00 0.00 X X 0 0 0 Arlyn Weeks Clerk 2.00 0.00 X X 0 0 0 Kyle Belmont Director 2.00 0.00 X 0 0 0 Tricia Coleman Director 2.00 0.00 X 0 0 0 Leon Dunkley Director 2.00 0.00 X 0 0 0 Liz Erickson Director 2.00 1.00 X 0 0 0 Tom Kennedy Director 2.00 0.00 X 0 0 0 Keri Mattaliano Director 2.00 0.00 X 0 0 0 April Rosario Director 2.00 0.00 X 0 0 0 Topher Soltys Director 2.00 0.00 X 0 0 0 Lucia Green-Weiskel Director 2.00 0.00 X 0 0 0 Louise Williams Director 2.00 0.00 X 0 0 0 Nick Dembsey Past President 2.00 1.00 X X 0 0 0 Mary Trudeau Past Clerk 2.00 0.00 X X 0 0 0 Tom Coleman Past Vice President 2.00 0.00 X X 0 0 0 Erik Cordes Past Director 2.00 0.00 X 0 0 0 Joseph Watts CEO 40.00 0.00 X 129973 0 8642 Hope Coolidge CFO 11.00 0.00 X 37343 0 0 167316 0 8642 1 0 0 0 Isles of Shoals Steamship Co Inc 315 Market Street Portsmouth NH 03801 Transportation & parking 181259 1 210201 971536 1045765 167043 2227502 Room and Board 721000 1711466 1711466 Other Guest Services 900099 92417 92417 Parking Income 900099 46438 46438 Snack Bar 900099 36231 36231 1886552 5456 5456 134070 0 134070 134070 134070 27793 1368 26425 26425 4280005 1886552 0 165951 X 175959 103234 61107 11618 1179245 906059 171224 101962 28264 21050 4846 2368 123584 92040 21186 10358 96272 71699 16504 8069 18165 18165 36241 36241 385770 258910 106676 20184 576 278 298 116574 84737 22301 9536 53617 25245 21279 7093 204 152 35 17 503 503 61518 55125 6393 370056 370056 223040 213133 9907 Miscellaneous 301797 299861 1355 581 Food 239457 239457 Charter & Ferry Service 134567 134567 Fuel 93228 93228 3638637 2968831 498020 171786 X 240928 648760 856130 754549 1878 350 51505 137953 130180 11172646 4933739 6006143 6238907 4966225 5704876 12209257 13529127 141117 126010 2158783 2105241 2299900 2231251 X 9716434 11094486 192923 203390 9909357 11297876 12209257 13529127 X 641368 747151 X 0 1 X 1 0 X 1000527 1228922 884867 2171375 2227502 7513193 2657385 2841110 3055596 4394 1886552 10445037 3657912 4070032 3940463 2175769 4114054 17958230 39950 20000 27275 60848 17100 165173 0 39950 20000 27275 60848 17100 165173 17793057 132320 127193 130887 132601 139526 662527 132320 127193 130887 132601 139526 662527 5121 18678 17678 25628 26425 93530 3795353 4215903 4089028 2333998 4280005 18714287 0.95080 0.94980 0.03540 0.03490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 16140 16140 16140 16140 16140 16140 16140 16140 16140 16140 1.00000 0.00000 0.00000 0 1 1 159529 159529 7602942 2476172 5126770 2589470 1964539 624931 820705 493028 327677 6238907 Deposits 50648 Beneficial Interest in Star Island Permanent Trust 5654228 5704876 X 4281373 1368 1368 4280005 0 4280005 3640005 1368 1368 3638637 0 3638637 Part III, Line 1a: The Organization maintains various collections which are primarily housed on the island, with some other more delicate pieces housed and displayed at the Portsmouth Athenaeum. The collection is composed of photographs, ceramics, works on paper, furniture, textiles and other local period pieces held for educational and curatorial purposes. In accordance with U.S. GAAP, these collections are not included in the consolidated statements of financial position. The Organization employs a seasonal curator to ensure its collections are protected and preserved. Part III, Line 4: The Organization maintains a collection of photographs, ceramics, works on paper, furniture, textiles and other local period pieces to preserve for future generations and to display to the public for educational purposes. Many of these pieces relate to the history of Star Island. Preservation and exhibition of these pieces support the exempt purpose of the Organization as described in Part III. Part V, Line 4: The intended use for the Corporation's endowment funds is to support the Corporation's primary tax exempt purpose including, but not limited to: maintaining the property and buildings thereon and safeguarding the financial viability of the Corporation for the future. Part X, Line 2: The Corporation is exempt from federal taxes under Internal Revenue Code Section 501(c)(3) to operate as a not-for-profit. The Corporation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a), and contributions to the Corporation are deductible by the donors as provided in Section 170(b)(1)(A)(viii). Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740, Income Taxes, establishes financial accounting and disclosure requirements for recognition and measurement of tax positions taken or expected to be taken. Management has reviewed the tax provisions for the Organization under FASB ASC Topic 740 and determined it did not have a material impact on the Organization's consolidated financial statements. Part XI, Line 2d - Other Adjustments: Cost of Fundraising 1,368. Part XII, Line 2d - Other Adjustments: Cost of Fundraising 1,368. Starry Night & Sponsorships 27793 27793 1368 27793 27793 1368 1368 26425 X 1 139663 Appraisal X 7 27380 FMV when received 1 1 1 0 Part I, Line 30b: Per donor agreement, Star Island Corporation will retain ownership/use vessel for at least five years from date of contribution, 5/17/21. Form 990, Part VI, Section A, line 2 Tom Coleman, Board Vice President, and Tricia Coleman, Board Member, have a family relationship. Form 990, Part VI, Section A, line 3 During 2021, the Organization delegated its CFO level accounting/finance (Jan-March) & human resource (Jan-Dec) functions to Insource Services, an unrelated organization. Form 990, Part VI, Section A, line 6 The Corporation's by-laws permit a membership of up to 500 persons. Members collectively agree to be responsible for the ongoing well-being of Star Island Corporation. Form 990, Part VI, Section A, line 7a The Corporation's members are responsible for electing members of the Governing Board. Further information regarding membership in The Star Island Corp can be found at www.starisland.org. Form 990, Part VI, Section B, line 11b Prior to filing, the 990 is reviewed in detail by the CEO and Finance Team. The 990 is then provided to the Board Treasurer for their review and approval. Once these individuals have reviewed and approved the Form 990, the Form is distributed to the entire Board. Form 990, Part VI, Section B, line 12c The Organization requires all officers and directors to annually disclose any potential conflicts of interest to determine if any further action is considered necessary. Form 990, Part VI, Section B, line 15 The Organization utilizes outside search committees and consultants in determining reasonable compensation for their CEO, Executive Director, and other top management officials. The Organization's directors are entirely volunteer and none receive any compensation for their services. 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. The Organization also offers some of this information through its website. Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 258,910. Management and general expenses 106,676. Fundraising expenses 20,184. Total expenses 385,770. Form 990, Part X, Line 15 The Star Island Permanent Trust is a separate trust that was established by Star Island Corporation to manage and oversee investments that were originally held and managed by Star Island Corporation. The Trust is governed by a board of trustees that is separate from the governing board of Star Island Corporation, and it files its own separate Form 990. Because Star Island Corporation is the sole beneficiary of the Trust and established the Trust, accounting standards require that the Trust be included on the financial statements of the Star Island Corporation. Therefore, Line 15 of the balance sheet includes the beneficial interest in Star Island Permanent Trust. Additional information regarding the Star Island Permanent Trust is included on Schedule R. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: The Star Island Corporation 30 Middle Street Portsmouth, NH 03801 EIN: 04-6000828 Section 1.263(a)-3(n) Election: The Star Island Corporation is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Beneficial Interest in Star Island Permanent Trust 747,151. Star Island Permanent Trust Fund 30 Middle Street Portsmouth NH 03801 046869408 Management of Investments for The Star Island Corporation NH 501(c)(3) Line 12a, I 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0