2022-11-11T14:32:32-06:00 2021-12-31 042943536 TONNESON & COMPANY PC 401 EDGEWATER PLACE SUITE 300 WAKEFIELD MA 018806208 990 2021-01-01 042139204 BOSTON MARINE SOCIETY BOST 6172420522 100 1ST AVE 102 BOSTON MA 02129 CAPTAIN CHARLES G GIFFORD PRESIDENT 6173768492 2022-11-10 1 CAPTAIN CHARLES G GIFFORD 999009999 LYNETTE A SEQUEIRA P01518997 7812459999 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CAPTAIN CHARLES G GIFFOR 32 HIGH STREET WOODS HOLE MA 02543 4674939 0 X BOSTONMARINESOCIETY.ORG X 1754 MA PROMOTE KNOWLEDGE OF THE COAST, RELIEVE MEMBERS & FAMILIES OF POVERTY & FINANCIALLY ASSIST IN THE EDUCATION & TRAINING OF MARITIME ACADEMY STUDENTS. 15 15 2 0 0 0 52031 66342 0 0 563155 1847434 1212 1555 616398 1915331 184000 184500 0 0 124440 126008 0 0 0 412314 421335 720754 731843 -104356 1183488 24081356 26162605 53878 50893 24027478 26111712 X PROMOTE KNOWLEDGE OF THE COAST, RELIEVE MEMBERS AND FAMILIES OF POVERTY, AND FINANCIALLY ASSIST IN THE EDUCATION AND TRAINING OF MARITIME ACADEMY STUDENTS. 0 0 175000 175000 SCHOLARSHIPS AND MEMORIAL FUNDS GRANTED TO MARITIME ACADEMIES AND OTHERS ASSOCIATED WITH THE EDUCATION AND PRESERVATION OF THE COAST. 9500 9500 FINANCIAL AID AND ASSISTANCE TO MEMBERS & FAMILIES IN POVERTY. 65247 1555 OTHER EXPENSES TO MAINTAIN HISTORICAL ASSETS HELD BY THE SOCIETY THAT ARE USED TO EDUCATE THE PUBLIC ABOUT THE COAST. 99196 0 CONFERENCES AND MEETINGS TO PROVIDE A FORUM FOR THE DISCUSSION OF THE COAST AND TO PROMOTE PUBLIC AWARENESS OF THE COAST. 99196 0 348943 0 1 0 1 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 MA X X CAPTAIN RICHARD R CUNIO 6172420522 100 1ST AVENUE STE 102 CHARLESTOWN BOSTON MA 02129 X CAPTAIN PETER J LAWRENCE TRUSTEE 2.00 X 0 0 0 CAPTAIN STEFAN J PALMER TRUSTEE 2.00 X 0 0 0 CAPTAIN BRUCE F PORTER TRUSTEE 2.00 X 0 0 0 CAPTAIN RICHARD R CUNIO TREASURER 2.00 X X 0 0 0 CAPTAIN ANDREW TRIANDAFILOU TRUSTEE 2.00 X 0 0 0 CAPTAIN MARTIN E CONROY JR SECRETARY 2.00 X X 0 0 0 CAPTAIN MICHAEL R BURNS JR TRUSTEE 2.00 X 0 0 0 CAPTAIN ROBERT A KOLOFSKY TRUSTEE EMERITUS 2.00 X 0 0 0 CAPTAIN JAY C BURGESS TRUSTEE 2.00 X 0 0 0 CAPTAIN CHARLES G GIFFORD PRESIDENT 2.00 X X 0 0 0 CAPTAIN JEFFREY J HAVLICEK TRUSTEE 2.00 X 0 0 0 CAPTAIN A ROSS POPE TRUSTEE EMERITUS 2.00 X 0 0 0 CAPTAIN JOHN F MULDERIG VICE PRESIDENT 2.00 X X 0 0 0 CAPTAIN CARL A POTTEY TRUSTEE 2.00 X 0 0 0 MARTHA R BAGLEY ESQ ASSISTANT SECRETARY/TREASU 2.00 X X 0 0 0 CAPTAIN DAVID L HAGNER TRUSTEE 2.00 X 0 0 0 CAPTAIN JOHN N HEALEY TRUSTEE 2.00 X 0 0 0 LISA V WALSH EXECUTIVE DIRECTOR 40.00 X 115221 0 0 115221 0 0 1 0 0 0 MORGAN STANLEY 141 LONGWATER DRIVE STE 102 NORWELL MA 02061 INVESTMENT MANAGEMENT 151681 1 795 65547 66342 480826 480826 4126216 2759608 1366608 1366608 1366608 OTHER INVESTMENT INCOME 523000 1555 1555 1555 1915331 1555 0 1847434 105000 105000 79500 79500 112928 56464 56464 4083 2041 2042 8997 4498 4499 938 938 19031 19031 151681 151681 5959 2979 2980 134172 67086 67086 1634 1634 24565 24565 4488 2244 2244 47111 47111 MISCELLANEOUS 17841 17841 GIFTS 6620 6620 TELEPHONE 4958 2479 2479 POSTAGE 2087 2087 250 250 731843 348943 382900 0 10890 10530 128277 372727 64478 40324 51392 35633 12504 15759 22087727 23658275 1014587 1306073 762893 758917 24081356 26162605 53878 50893 53878 50893 X 23391192 25475426 636286 636286 24027478 26111712 24081356 26162605 X 1183488 901755 -1009 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 750396 750396 X X 0 22191 8788 13403 29201 26845 2356 15759 X 2665405 901755 901755 1763650 151681 151681 1915331 581171 0 581171 151681 -1009 150672 731843 PART III, LINE 4: THE SOCIETY HAS A COLLECTION OF INEXHAUSTIBLE ARTS AND BOOKS. THE ITEMS ARE ON DISPLAY AT THE SOCIETY'S OFFICES LOCATED IN THE BOSTON NATIONAL HISTORICAL PARK. THEY REVEAL NOT ONLY THE HISTORY OF A DISTINGUISHED INSTITUTION BUT ALSO HELP TELL THE STORY OF ONE OF THE AMERICA'S OLDEST AND MOST IMPORTANT PORTS. PART X, LINE 2: IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SOCIETY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON ITS INCOME AND, ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. INSTEAD, THE SOCIETY IS LIABLE FOR FEDERAL AND STATE TAXES ON THE SOCIETY'S UNRELATED TAXABLE BUSINESS INCOME. THESE DETERMINATIONS HAVE BEEN REVIEWED ACCORDING TO GUIDANCE IN A RECENT FINANCIAL ACCOUNTING STANDARDS BOARD PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE SOCIETY APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINS THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNT AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF DECEMBER 31, 2021, THE SOCIETY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SOCIETY IS GENERALLY SUBJECT TO POTENTIAL EXAMINATION BY TAXING JURISDICTIONS FOR THE THREE PRIOR YEARS. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH BASIS ADJUSTMENTS -1,009. 1 NEW ENGLAND SEAFARER'S MISSION 1 BLACK FALCON AVE BOSTON MA 02210 046043955 501(C)(3) 10000 0 TO ASSIST IN GENERAL OPERATIONSTO SUPPORT THE MARITIME ADVENTURES PROGRAM MASSACHUSETTS MARITIME ACADEMY 101 ACADEMY DRIVE BUZZARDS BAY MA 02532 237025807 501(C)(3) 20000 0 PURCHASE OF CELESTIAL NAVIGATION SOFTWARE AND REPLACEMENT OF SURVIVAL SUITS MAINE MARITIME ACADEMY PO BOX C-3 CASTINE ME 04420 016000724 501(C)(3) 20000 0 INSTALLATION COSTS FOR COMPLETION AND UPGRADE OF T/V SUSAN CLARK PIERS PARK SAILING CENTER 95 MARGINAL STREET EAST BOSTON MA 02128 043411388 501(C)(3) 5000 0 SUPPORT INCLUSIVE YOUTH DEVELOPMENT PROGRAMS SAIL SALEM INC 23 GLENDALE ST SALEM MA 01970 208157746 501(C)(3) 5000 0 EXPAND STUDENT REACH PROGRAM PROPELLER CLUB 25 DORCHESTER AVE BOSTON MA 02205 474112336 501(C)(6) 5000 0 HELP WITH PROMOTING THE RELATIONSHIPS THAT ASSIST WITH PORT OPERATIONS AND SAFETY THE BOSTON SEAMAN'S FRIEND SOCIETY 77 BORADWAY CHELSEA MA 02150 012103913 501(C)(3) 5000 0 CHAPLAIN SUPPORT WORLD OCEAN SCHOOL 212 NORTHERN AVE BOSTON FISH PIER WEST BLDG STE 301A BOSTON MA 02210 020610358 501(C)(3) 5000 0 SUPPORT BOSTON SUMMER PROGRAMS ABOARD ROSEWAY SCHOLARSHIPS FOR STUDENTS ATTENDING MASSACHUSETTS MARITIME ACADEMY ASSOCIATED WITH THE EDUCATION & PRESERVATION OF THE COAST. 35000 SCHOLARSHIPS FOR STUDENTS ATTENDING MAINE MARITIME ACADEMY ASSOCIATED WITH THE EDUCATION & PRESERVATION OF THE COAST. 35000 RELIEF GRANT FUNDS PROVIDED TO SURVIVORS OF MEMBERS WHO ARE IN NEED OF FINANCIAL ASSISTANCE. 9500 PART I, LINE 2: GRANTEES ARE ENCOURAGED TO PROVIDE THE SOCIETY WITH SUMMARIES OF HOW THE GRANTEE ORGANIZATION UTILIZED THE FUNDS RECEIVED FROM THE BOSTON MARINE SOCIETY AND TO UPDATE THE SOCIETY ON THE SUCCESSES OF THE PROGRAMS THAT RECEIVED FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS A BODY OF MEMBERSHIP THAT HAVE SUBMITTED APPLICATIONS FOR THEIR MEMBERSHIP TO THE BOARD OF TRUSTEES, WHO REVIEW AND APPROVE MEMBERSHIPS IN ACCORDANCE WITH THE SOCIETY'S BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE SOCIETY ELECT THE MEMBERS OF THE BOARD OF TRUSTEES AT THE SOCIETY'S ANNUAL MEETING, WHICH IS HELD EACH YEAR IN NOVEMBER. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE BOARD OF TRUSTEES ARE SUBJECT TO APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS FORM 990 AND IT IS APPROVED BY THE AUDIT AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DOCUMENTED FIRST AND LATER DISCUSSED IN BOARD OF TRUSTEES MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE SOCIETY'S OFFICE. ALSO, THE FINANCIAL STATEMENTS ARE ON FILE WITH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE, PUBLIC CHARITIES DIVISION AS THE FINANCIAL STATEMENTS ARE REQUIRED TO BE SUBMITTED ANNUALLY WITH THE MASSACHUSETTS FORM PC. FORM 990, PART XI, LINE 9: EXPENSES ON 990 NOT RECORDED ON BOOKS -1,009. FORM 990, PART XII, LINE 1 ACCOUNTING METHOD: MODIFIED CASH BASIS FORM 990, PART XII, LINE 2C THE SOCIETY'S TRUSTEES HAVE ESTABLISHED AN AUDIT COMMITTEE, MADE UP OF MEMBERS OF THE BOARD OF TRUSTEES THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR.