2014-05-08T10:39:58-05:00 2013-12-31 010372413 CUMMINGS LAMONT & MCNAMEE PA ONE NEW HAMPSHIRE AVENUE SUITE 305 PORTSMOUTH NH 03801 990 2013-01-01 046000828 THE STAR ISLAND CORPORATION STAR 6034306272 30 MIDDLE STREET PORTSMOUTH NH 03801 JOSEPH WATTS CEO 6034306272 2014-05-08 1 DERRICK EMERY CPA P01247037 6034306200 2013 2015-11-30 17:44:51Z JOSEPH WATTS 30 MIDDLE STREET PORTSMOUTH NH 03801 3249553 0 X WWW.STARISLAND.ORG X 1915 NH THE MISSION OF THE STAR ISLAND CORPORATION IS TO OPERATE A RELIGIOUS AND EDUCATIONAL CONFERENCE CENTER ON STAR ISLAND. 13 13 164 395 0 0 867444 842199 2218935 2209342 17737 -1125 132308 145727 3236424 3196143 0 0 0 0 1390582 1273620 0 0 167859 1722631 1739352 3113213 3012972 123211 183171 7037855 7783243 1297862 1405891 5739993 6377352 STAR ISLAND CORPORATION HAS BEEN OPERATING SINCE 1915 AS A RELIGIOUS AND EDUCATIONAL CONFERENCE CENTER. 0 0 2500062 2012936 SINCE 1915, THE STAR ISLAND CORPORATION HAS OPERATED STAR ISLAND AS A RELIGIOUS AND EDUCATIONAL CONFERENCE CENTER. DURING 2013 APPROXIMATELY 3,800 INDIVIDUALS ATTENDED 68 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 65% OF ITS ANNUAL OPERATING COSTS. 2500062 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 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 22 0 1 164 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 NH MA X X KRISTI VAZIFDAR 6034306272 30 MIDDLE STREET PORTSMOUTH NH 03801 GARY KUNZ VICE PRESIDENT 7.50 X X 0 0 0 JOSH BUSH TREASURER 7.50 X X 0 0 0 KAREN MATHIASEN CLERK 7.50 X X 0 0 0 JOSH DAVIS DIRECTOR 7.50 X 0 0 0 SUELLEN PELUSO DIRECTOR 7.50 X 0 0 0 RUSS PETERSON DIRECTOR 7.50 X 0 0 0 SHARON KENNEDY PRESIDENT 7.50 X X 0 0 0 SALLY RUSSELL DIRECTOR 7.50 X 0 0 0 JORDAN YOUNG DIRECTOR 7.50 X 0 0 0 DEBBIE DUVAL DIRECTOR 7.50 X 0 0 0 TOM SMURZYNSKI DIRECTOR 7.50 X 0 0 0 ERIK CORDES DIRECTOR 7.50 X 0 0 0 NICK DEMBSEY DIRECTOR 7.50 X 0 0 0 KRISTI VAZIFDAR FINANCE DIRECTOR 45.00 X 67808 0 31960 JOSEPH WATTS CEO 50.00 X 98000 0 35672 165808 0 67632 0 0 0 0 HALLSMITH SYSCO PO BOX AP 30 SOUTH WORCHEST ST NORTON MA 02766 FOOD AND PAPER GOODS 256763 ISLES OF SHOALS STEAMSHIP CO 315 MARKET STREET PORTSMOUTH NH 03801 FERRY SERVICES 175051 2 138419 703780 51540 842199 ROOM AND BOARD 721000 1929798 1929798 SNACK BAR 900099 66598 66598 PERSONAL RETREAT INCOM 900099 58253 58253 PARKING 900099 49157 49157 OTHER GUEST SERVICES 900099 37471 37471 68065 40066 27999 2209342 22831 22831 89142 0 89142 89142 89142 23956 -23956 -23956 -23956 23780 18174 5606 5606 20055 11280 8775 8775 OTHER REVENUE 900099 38850 38850 INSURANCE REFUND 900099 3354 3354 42204 3196143 2012936 0 341008 233440 63447 119915 50078 858908 768094 25704 65110 98555 32670 55699 10186 82717 62765 11140 8812 29102 29102 22980 22980 114516 77970 35538 1008 10272 10272 42148 23548 3883 14717 50313 29389 12554 8370 5447 2493 1090 1864 2591 2591 76698 72599 4099 323055 323055 210644 203379 6723 542 FOOD 274416 274416 CHARTER & FERRY SERVICE 138470 138470 FUEL 91270 91270 SMALL TOOLS & EQUIPMENT 70954 65341 3368 2245 276476 260884 10665 4927 3012972 2500062 345051 167859 250421 634953 91552 93141 510828 248988 10211 12793 83845 89676 6141582 2884133 3107127 3257449 12000 23231 2971871 3423012 7037855 7783243 77251 58884 53335 1167276 1134196 0 212811 1297862 1405891 X 5123625 5935623 574728 397458 41640 44271 5739993 6377352 7037855 7783243 X 183171 454188 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 3013511 17407 600232 138419 25448 3467283 2933001 8946 234223 139908 22751 3013511 2927181 170467 87657 230571 21733 2933001 2735381 52788 280006 120229 20765 2927181 2623389 68970 533487 470072 20393 2735381 0 1 1 8000 8000 8000 8000 0 3488355 1432720 2055635 951560 552512 399048 1685667 890901 794766 3257449 BENEFICIAL INTEREST IN A PERPETUAL TRUST 3423012 3423012 DEFERRED REVENUE 212811 212811 X 3705233 618055 618055 3087178 108965 108965 3196143 3067874 25448 25448 3042426 -29454 -29454 3012972 PART III, LINE 1A: THE CORPORATION'S COLLECTIONS ARE PRIMARILY HOUSED ON THE ISLAND, WITH SOME MORE DELICATE PIECES HOUSED AND DISPLAYED AT THE PORTSMOUTH ATHENAEUM. THE COLLECTION IS COMPRISED OF PHOTOGRAPHS, CERAMICS, WORKS ON PAPER, FURNITURE, TEXTILES AND OTHER LOCAL PERIOD PIECES HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, THE COLLECTIONS ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. THE CORPORATION 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: ENDOWMENT FUNDS HELD BY THE CORPORATION AND STAR ISLAND PERMANENT TRUST (TYPE I SUPPORTING ORGANIZATION - SEE SCHEDULE R) ARE USED TO SUPPORT THE ORGANIZATION'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 FEDERAL AND STATE OF NEW HAMPSHIRE INFORMATIONAL TAX RETURNS OF THE CORPORATION ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE CORPORATION DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS TAKEN IN PREPARATION OF THE TAX RETURNS THAT WOULD IMPACT THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON PERMANENT TRUST 511,707. UNREALIZED LOSS ON INVESTMENT 416. CONT. TO PERM TRUST (TYPE I SUPPORTING ORG) 17,407. INT & DIV EARNED BY PERM TRUST (TYPE I SUPPORTING ORG) 88,525. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED AS EXPENSES ON FINANCIAL STATEMENTS -18,174. COST OF FUNDRAISING ACVITITES INCLUDED AS EXPENSES ON FINANCIAL STATEMENTS -11,280. TRANSFERS TO PERMANENT TRUST (TYPE 1 SUPPORTING ORG) 138,419. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT ADVISORY FEES PAID BY PERMANENT TRUST 25,448. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF INVENTORY INCLUDED AS EXPENSES ON FINANCIAL STATEMENTS -18,174. COST OF FUNDRAISING ACVITITES INCLUDED AS EXPENSES ON FINANCIAL STATEMENTS -11,280. STARRY NIGHT 4122 4122 4426 REGATTA 17310 17310 12087 3 2348 2348 1661 23780 23780 18174 18174 5606 X X 0 0 0 0 0 0 0 0 0 KRISTI VAZIFDAR FINANCE DIRECTOR 67808 0 0 0 0 0 0 0 31960 0 99768 0 0 0 JOSEPH WATTS CEO 98000 0 0 0 0 0 0 0 35672 0 133672 0 0 0 X 14 51540 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION'S BY-LAWS PERMIT A MEMBERSHIP OF UP TO 400 PERSONS. MEMBERS COLLECTIVELY AGREE TO BE THE MOST RESPONSIBLE FOR THE ONGOING WELL-BEING OF STAR ISLAND CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION'S MEMBERS ARE RESPONSBILE 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 11 PRIOR TO FILING, THE 990 IS REVIEWED IN DETAIL BY THE CEO AND FINANCE DIRECTOR. THE 990 IS THEN PROVIDED TO THE BOARD PRESIDENT AND 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 COMITTEES 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 XI, LINE 9: INVESTMENT GAIN (LOSS) ON PERMANENT TRUST (TYPE I SUPPORTING ORG) 511,707. INVESTMENT EXPENSES INCURRED BY PERMANENT TRUST (TYPE I SUPPORTING ORG.) -25,448. CONTRIBUTIONS TO PERMANENT TRUST (TYPE I SUPPORTING ORG) 17,407. INT & DIV INCOME EARNED BY PERMANENT TRUST (TYPE I SUPPORTING ORG) 88,525. UNREALIZED GAIN (LOSS) ON INVESTMENTS 416. TRANSFERS FROM PERMANENT TRUST (TYPE I SUPPORTING ORG) -138,419. FORM 990 PART XII LINE 2C THE ORGANIZATION'S OVERSIGHT PROCESS OVER FINANCIAL REPOERTING AND ITS PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR FORM 990 THE STAR ISLAND PERMANENT TRUST IS A SEPARATE TRUST THAT WAS ESTABLISHED BY STAR ISLAND CORP TO MANAGE AND OVERSEE INVESTMENTS THAT WERE ORGINALLY HELD AND MANAGED BY STAR ISLAND CORP. THE TRUST IS GOVERNED BY A BOARD OF TRUSTEES THAT IS SEPARATE FROM THE GOVERNING BOARD OF STAR ISLAND CORP, AND IT FILES ITS OWN SEPARATE FORM 990. BECAUSE STAR ISLAND CORP IS THE SOLE BENEFICIARY OF THE TRUST AND ESTABLISHED THE TRUST, ACCOUNTING STANDARDS REQUIRE THAT THE PERMANENT TRUST BE INCLUDED ON THE FINANCIAL STATEMENTS OF THE STAR ISLAND CORP. INFORMATION ABOUT THE STAR ISLAND PERMANENT TRUST IS INCLUDED ON SCHEDULE R. STAR ISLAND PERMANENT TRUST FUND 30 MIDDLE STREET PORTSMOUTH NH 03801 046869408 MANAGEMENT OF ENDOWMENT ASSETS FOR THE STAR ISLAND CORPORATION NH 501(C)(3) TYPE I SUPPORTING 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 STAR ISLAND PERMANENT TRUST C 138419 CASH VALUE