2012-11-15T11:29:58-06:00 2011-12-31 042943536 Tonneson & Company CPAs PC 401 Edgewater Place Suite 300 Wakefield MA 018806208 990 2011-01-01 042139204 Boston Marine Society BOST 6172420522 National Historic Park Charlestown Navy No Bld 32 Boston MA 02129 Captain David E Cox 6178460187 2012-11-13 1 Heidi E MacLean P00840184 7812459999 2012-11-13 2011 2016-02-24 21:20:13Z Captain David E Cox 136 Cottage Park Road Winthrop MA 02152 19196584 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 88435 90800 7200 6720 507941 2673213 21025 20495 624601 2791228 191000 186000 0 0 89928 89335 0 0 0 327666 333489 608594 608824 16007 2182404 17371815 17273667 4109 2838 17367706 17270829 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 150000 150000 0 Scholarships and memorial funds granted to Maritime academies and others associated with the education and preservation of the coast. 36000 36000 0 Financial aid and assistance to members & families in poverty. 89029 0 Other expenses to maintain historical assets held by the Society that are used to educate the public about the coast. 91714 6720 Conferences and meetings to provide a forum for the discussion of the coast and to promote public awareness of the coast. 91714 6720 366743 0 1 0 1 0 0 1 0 0 0 1 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 0 1 0 0 0 2 1 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 J Kerry Fitzpatrick 6172420522 Natl Historic Park Bldg 32 Boston MA 02129 X Captain Peter J Lawrence 2.00 X 0 0 0 Captain Stefan J Palmer 2.00 X 0 0 0 Captain Bruce F Porter 2.00 X 0 0 0 Captain Carl A Pottey 2.00 X 0 0 0 Captain Andrew Triandafilou 2.00 X 0 0 0 Captain Martin E Conroy Jr 2.00 X 0 0 0 Captain Harold W Coburn 2.00 X 0 0 0 Captain Robert A Kolofsky 2.00 X 0 0 0 Captain James P Crane 2.00 X 0 0 0 Captain Charles G Gifford 2.00 X 0 0 0 Captain David E Cox 2.00 X X 0 0 0 Captain Jeffrey J Havlicek 2.00 X X 0 0 0 Captain Joseph K Fitzpatrick 2.00 X X 0 0 0 Captain Thomas S Laird 2.00 X X 0 0 0 Ralph R Bagley 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 800 90000 90800 Activity Fees 900099 6720 6720 6720 432722 432722 18645847 16405356 2240491 2240491 2240491 Other Investment Incom 523000 20495 20495 20495 2791228 27215 0 2673213 83000 83000 103000 103000 82348 41174 41174 4925 2463 2462 2062 1031 1031 11252 11252 13920 13920 33109 33109 99896 99896 15987 7994 7993 13974 6987 6987 2135 2135 73182 73182 35517 35517 Miscellaneous 15273 15273 Foreign and Other Taxes 7600 7600 Gifts 6055 6055 Telephone 4076 2038 2038 1513 1513 608824 366743 242081 0 35777 18108 398820 1047563 12521 12521 14990333 14277037 1167798 1168090 766566 750348 17371815 17273667 4109 2838 4109 2838 X 16731420 16634543 636286 636286 17367706 17270829 17371815 17273667 X 2182404 -2279281 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 719396 X X 0 0 Alternative Investments 1168090 F 1168090 2791228 608824 2182404 -2263063 -16218 -2279281 -96877 583947 -2263063 72000 -16218 -2207281 2791228 0 2791228 680824 72000 72000 608824 0 608824 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. Description of Uncertain Tax Positions Under FIN 48: Part X: In accordance with Section 501(c)(3) of the Internal Revenue Code, the Society is exempt from federal and state income taxes and, accordingly, the financial statements do not reflect a provision for income taxes. 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 now applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon the ultimate settlement with taxing authorities. As of December 31, 2011, the Society has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Loss on books not listed on Form 990 -16,218. Schedule D, Part XI, line 8: $(16,218) Loss on books not listed on Form 990 Schedule D, Part XII, line 2d: $(16,218) Loss on books not listed on Form 990 1 Duxbury Bay Maritime School PO Box 263 A Duxbury MA 02331 043348183 501(c)(3) 5000 To support the Maritime Adventures program. Massachusetts Maritime Academy 101 Academy Drive Buzzards Bay MA 02532 237025807 501(c)(3) 25000 Upgrade navigation lab on T.S. Kennedy Maine Maritime Academy PO Box C-3 Castine ME 04420 016000724 501(c)(3) 25000 Upgrade liquid cargo simulator USS Massachusetts Memorial Committee Inc PO Box 111 Fall River MA 027220111 042377049 501(c)(3) 5000 Battleship Cove Community Boating program. 4 Scholarships for students attending Massachusetts Maritime Academy associated with the education & preservation of the coast. 6 30000 Scholarships for students attending Maine Maritime Academy associated with the education & preservation of the coast. 11 30000 Sea term scholarship for license track cadets in the name of Thomas E. Burke. 1 5000 Relief grant funds provided to survivors of members who are in need of financial assistance. 5 36000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grantees are encouranged 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 Societies by-laws. Form 990, Part VI, Section A, line 7a The membership of the Society elect the 15 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 11 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 Directors 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -2,263,063. Loss on books not listed on Form 990 -16,218. Total to Form 990, Part XI, Line 5: -2,279,281.