HERRESHOFF MARINE MUSEUM: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- HERRESHOFF MARINE MUSEUM (EIN 23-7102744)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-14
- IRS object ID
- 201103189349300205
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-14T06:26:59-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CCR LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 EXCHANGE TERRACE | AddressLine1 |
| City | PROVIDENCE | City |
| State | RI | State |
| ZIP Code | 02903 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237102744 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERRESHOFF MARINE MUSEUM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HERR | NameControl |
| Phone | 4012535000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BURNSIDE STREET | AddressLine1 |
| City | BRISTOL | City |
| State | RI | State |
| ZIP Code | 02809 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAWRENCE D LAVERS | Name |
| Title | COO AND PRESIDENT | Title |
| Phone | 4012535000 | Phone |
| Date Signed | 2011-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANCIS K BROWN II | Name |
| Phone | 4012741200 | Phone |
| Date Prepared | 2011-11-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICA'S CUP HALL OF FAME | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LAWRENCE D LAVERS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BURNSIDE STREET | AddressLine1 |
| City | BRISTOL | City |
| State | RI | State |
| ZIP Code | 02809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1041199 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.HERRESHOFF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | RI | StateLegalDomicile |
| Activity Or Mission Description | INTERPRETATION OF THE HISTORY AND ACCOMPLISHMENTS OF THE HERRESHOFF MFG CO. AND THE AMERICA'S CUP. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 20 | TotalNbrEmployees |
| Total Nbr Volunteers | 38 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1101216 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 556590 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 318356 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 395657 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1107 | InvestmentIncomePriorYear |
| Investment Income Current Year | 398 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3253 | OtherRevenuePriorYear |
| Other Revenue Current Year | 16801 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1423932 | TotalRevenuePriorYear |
| Total Revenue Current Year | 969446 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 512052 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 479044 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 244770 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 774116 | OtherExpensePriorYear |
| Other Expenses Current Year | 845870 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1286168 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1324914 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 137764 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -355468 | RevenuesLessExpensesCY |
| Total Assets BOY | 5489268 | TotalAssetsBOY |
| Total Assets EOY | 5361031 | TotalAssetsEOY |
| Total Liabilities BOY | 1386045 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1660945 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4103223 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3700086 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE EDUCATION AND INSPIRATION OF THE PUBLIC THROUGH PRESENTATIONS OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 177786 | Expense |
| Revenue | 209117 | Revenue |
| Description | MUSEUM ACTIVITIES: THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE INSPIRATION AND EDUCATION OF THE PUBLIC THROUGH THE PRESENTATIONS OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. VISITORS TO THE MUSEUM HAVE AN OPPORTUNITY TO EXPLORE THE WORLD'S LARGEST COLLECTION OF ANY ONE NAVAL ARCHITECTS LIFE WORK. THE GENIUS OF THE HERRESHOFF BROTHERS IS UNSURPASSED WITH THEIR COMBINATION OF BUSINESS ACUMEN AND ENGINEERING EXCELLENCE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 107542 | Expense |
| Revenue | 117506 | Revenue |
| Description | RENTAL ACTIVITIES: WITH THE FOUNDING OF THE HERRESHOFF MANUFACTURING COMPANY, BRISTOL, RI BECAME THE CORNERSTONE OF THE MARINE TRADES FOR THE STATE OF RHODE ISLAND AND THE WESTERN HEMISPHERE. THE HERRESHOFF MARINE MUSEUM IS COMMITTED TO FOSTERING INNOVATION AND EXCELLENCE WITHIN THE MARINE TRADES COMMUNITY. THIS IS DONE BY MAINTAINING A CAMPUS OF HISTORIC STRUCTURES, OCCUPIED BY MARINE RELATED BUSINESSES, AS AN INCUBATOR OF INNOVATION. IT IS THE GOAL OF THE MUSEUM TO HAVE AN ACTIVE VIBRANT ENVIRONMENT IN WHICH VISITORS CAN EXPERIENCE FIRST-HAND THE VARIOUS ASPECTS OF MARINE BUSINESS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 39776 | Expense |
| Revenue | 32472 | Revenue |
| Description | CLASSIC YACHT SYMPOSIUM: THESE EVENTS INCLUDE PRESENTATIONS ON SUBJECTS RELATIVE TO THE EXCELLENCE IN CLASSIC YACHT RESTORATION, REPLICATION, OR USE; ADAPTATION OF CLASSIC DESIGNS TO MODERN MATERIALS, AND TECHNICAL DETAILS OF RIGGING, FITTINGS, POWERING AND RATING RULES. THE EVENT'S PROCEEDINGS (THE ASSEMBLAGE OF PAPERS AND DISCUSSIONS PRESENTED DURING THE SYMPOSIUM AS WELL AS NOTEWORTY PAPERS NOT PRESENTED) ARE DISTRIBUTED TO THE HUNDREDS OF BUILDERS, DESIGNERS, OWNERS, AND ENTHUSIASTS WHO ATTEND, AS WELL AS BEING OFFERED FOR SALE THROUGH THE HERRESHOFF MARINE MUSEUM, THE SOCIETY OF NAVAL ARCHITECTS AND MARINE ENGINEERS, AND ONLINE INTERNATIONALLY. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 37710 | Expense |
| Revenue | 27846 | Revenue |
| Description | THE HERRESHOFF INSTITUTE SERVES AS THE PROGRAM AND FORMAL EDUCATION CENTER FOR THE MUSEUM. THROUGH THE HERRESHOFF INSTITUTE, THE MUSEUM PROVIDES OFFERINGS INCLUDING: THE SEAMANSHIP PROGRAM, LECTURES, THE MENTORSHIP PROGRAM IN CLASSIC BOAT MAINTENANCE, AND EDUCATIONAL PARTNERSHIPS. THE MENTORSHIP IN CLASSIC BOAT MAINTENANCE FILLS A LOST GAP IN CONNECTING YOUTH TO THE VALUE OF PLACE THROUGH HANDS ON EXPERIENCE IN HELPING TO CARE FOR THE MUSEUM'S ACTIVE-USE COLLECTION OF WATERCRAFT. THE PROGRAM'S FOCUS IS ON PROJECT PLANNING, ATTENTION TO DETAIL AND PRIDE IN OWNERSHIP BUILDING LIFE SKILLS AND FOSTERING RESPONSIBLE YOUNG ADULTS. THE SEAMANSHIP PROGRAM HAS A PRIMARY GOAL IN TEACHING SAILING SKILLS AND WATER AWARENESS TO CHILDREN AND ADULTS WITH A PRIMARY GOAL OF ESTABLISHING A LOVE OF THE MARINE ENVIRONMENT AND LIFELONG SAILORS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 37710 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 27846 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 362814 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 20 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 1 | Form8899Filed |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAWRENCE D LAVERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4012535000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BURNSIDE STREET | AddressLine1 |
| City | BRISTOL | City |
| State | RI | State |
| ZIP Code | 02809 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ALFRED G BISSET | ||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| BLAIR BROWN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID C BURNHAM | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT CHEW | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID CURTIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JANICE DAVISON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID FORD | ||||||
| CHAIRMAN | 3.00 | X | X | 0 | 0 | 0 |
| ERIC GOETZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ELIZABETH GRANOFF | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ERIC HALL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HALSEY C HERRESHOFF | ||||||
| PRESIDENT | 27.00 | X | X | 43216 | 0 | 1337 |
| HALSEY C HERRESHOFF II | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LAWRENCE D LAVERS | ||||||
| COO AND PRESIDENT | 40.00 | X | X | 0 | 0 | 0 |
| MARSHALL LAWSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOOP NATEGAAL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JAY REPRASS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHRISTOPHER H RUTH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL WARREN | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| CHRISTOPHER WICK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GEOFFREY DAVIS | ||||||
| CHAIRMAN | 3.00 | X | X | 0 | 0 | 0 |
| LAWRENCE A FISHER | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 91602 | 0 | 6308 | |
| JONATHAN GOFF | ||||||
| COO | 40.00 | X | 60252 | 0 | 0 | |
| WILLIAM DYER JONES | ||||||
| CEO | 40.00 | X | 10153 | 0 | 254 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 205223 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 7899 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Membership Dues | 52317 | MembershipDues |
| Government Grants | 13017 | GovernmentGrants |
| All Other Contributions | 491256 | AllOtherContributions |
| Noncash Contributions | 56000 | NoncashContributions |
| Total Contributions | 556590 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MUSEUM ACTIVITIES | 611710 | 234634 | 234634 |
| RENTAL COMPLEX INCOME | 532000 | 117506 | 117506 |
| CLASSIC YACHT SYMPOSIU | 611710 | 32472 | 32472 |
| SAILING SCHOOL | 611600 | 6355 | 6355 |
| MISCELLANEOUS REVENUE | 900099 | 4120 | 4120 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 570 | TotalRevenueColumn |
| Related Or Exempt Function Income | 570 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 395657 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 398 | TotalRevenueColumn |
| Exclusion | $398 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 88554 | GrossSalesOfInventory |
| Cost Of Goods Sold | 71753 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16801 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16801 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 969446 | TotalRevenueColumn |
| Related Or Exempt Function Income | 412458 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $398 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205224 | Total |
| Program Services | 30126 | ProgramServices |
| Management And General | 121728 | ManagementAndGeneral |
| Fundraising | 53370 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 206426 | Total |
| Program Services | 98887 | ProgramServices |
| Management And General | 8795 | ManagementAndGeneral |
| Fundraising | 98744 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19579 | Total |
| Program Services | 3210 | ProgramServices |
| Management And General | 6308 | ManagementAndGeneral |
| Fundraising | 10061 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47815 | Total |
| Program Services | 16787 | ProgramServices |
| Management And General | 14313 | ManagementAndGeneral |
| Fundraising | 16715 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24833 | Total |
| Management And General | 24833 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68970 | Total |
| Management And General | 68970 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11177 | Total |
| Management And General | 11177 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1985 | Total |
| Management And General | 1985 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14781 | Total |
| Program Services | 11478 | ProgramServices |
| Management And General | 3303 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4102 | Total |
| Program Services | 2108 | ProgramServices |
| Management And General | 1994 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 600 | Total |
| Program Services | 600 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49964 | Total |
| Program Services | 11776 | ProgramServices |
| Management And General | 38188 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5658 | Total |
| Fundraising | 5658 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82004 | Total |
| Management And General | 82004 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236147 | Total |
| Management And General | 236147 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51877 | Total |
| Management And General | 51877 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | 98335 | 96734 | 1601 | |
| OTHER MUSEUM ACTIVITIES | 53273 | 53273 | ||
| OTHER PROGRAM ACTIVITIE | 36046 | 36046 | ||
| PRINTING | 33601 | 33601 | ||
| PROPERTY TAXES | 25154 | 200 | 24954 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47363 | Total |
| Program Services | 1589 | ProgramServices |
| Management And General | 19153 | ManagementAndGeneral |
| Fundraising | 26621 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1324914 | Total |
| Program Services | 362814 | ProgramServices |
| Management And General | 717330 | ManagementAndGeneral |
| Fundraising | 244770 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59018 | BOY |
| EOY | 33626 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82826 | BOY |
| EOY | 132763 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179091 | BOY |
| EOY | 189759 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43392 | BOY |
| EOY | 20824 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 25000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108307 | BOY |
| EOY | 98947 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16564 | BOY |
| EOY | 10250 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7103001 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2485179 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4771826 | BOY |
| EOY | 4617822 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135650 | BOY |
| EOY | 142624 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92594 | BOY |
| EOY | 89416 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5489268 | BOY |
| EOY | 5361031 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200424 | BOY |
| EOY | 349120 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 5725 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1185621 | BOY |
| EOY | 1306100 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1386045 | BOY |
| EOY | 1660945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3769489 | BOY |
| EOY | 3122217 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198084 | BOY |
| EOY | 441019 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 135650 | BOY |
| EOY | 136850 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4103223 | BOY |
| EOY | 3700086 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5489268 | BOY |
| EOY | 5361031 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -355468 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -47669 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1340150 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 657464 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 900814 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1101216 | CurrentTaxYearMinus1Year |
| Current Tax Year | 556590 | CurrentTaxYear |
| Total | 4556234 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1340150 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 657464 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 900814 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1101216 | CurrentTaxYearMinus1Year |
| Current Tax Year | 556590 | CurrentTaxYear |
| Total | 4556234 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 479350 | AmountsSubstContributorsTotal |
| Public Support Total170 | 4076884 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 179348 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 254713 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12280 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1107 | CurrentTaxYearMinus1Year |
| Current Tax Year | 398 | CurrentTaxYear |
| Total | 447846 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2185 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 26218 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8 | CurrentTaxYearMinus2Years |
| Total | 28411 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5032491 | TotalSupport |
| Gross Receipts From Admissions Etc | 2178817 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.81010 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.79550 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 1 | NumberDAFsHeld |
| Donor Advised Contributions | 0 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 0 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 4992 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 0 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 0 | DisclosedForCharitablePurposes |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 500490 | BeginningOfYearBalance |
| Contributions | 250978 | Contributions |
| Other Expenditures | 173599 | OtherExpenditures |
| End Of Year Balance | 577869 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 412108 | BeginningOfYearBalance |
| Contributions | 70237 | Contributions |
| Other Expenditures | 125303 | OtherExpenditures |
| End Of Year Balance | 357042 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 370034 | BeginningOfYearBalance |
| Contributions | 92862 | Contributions |
| Investment Earnings Or Losses | 3577 | InvestmentEarningsOrLosses |
| Other Expenditures | 54365 | OtherExpenditures |
| End Of Year Balance | 412108 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.23680 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.73620 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 531385 | OtherCostOrOtherBasis |
| Book Value | 531385 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3321989 | OtherCostOrOtherBasis |
| Depreciation | 1423996 | Depreciation |
| Book Value | 1897993 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13765 | OtherCostOrOtherBasis |
| Depreciation | 5621 | Depreciation |
| Book Value | 8144 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 529367 | OtherCostOrOtherBasis |
| Depreciation | 374408 | Depreciation |
| Book Value | 154959 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2706495 | OtherCostOrOtherBasis |
| Depreciation | 681154 | Depreciation |
| Book Value | 2025341 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4617822 | TotalOfBookValueLandBuildings |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | COLLECTIONS ARE ITEMS OF HISTORICAL SIGNIFICANCE THAT ARE HELD BY THE MUSEUM TO BE PRESERVED AND PROTECTED. SUCH COLLECTIONS, WHICH CONSIST OF YACHTS, BOOKS, PHOTOS AND OTHER MEMORABILIA, ARE MADE AVAILABLE TO THE GENERAL PUBLIC FOR STUDY AND VIEWING. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. IF A DE-ACCESSIONED COLLECTION ITEM IS SOLD, IT IS SUBJECT TO A MUSEUM POLICY THAT THE PROCEEDS FROM THE SALES OF COLLECTION ITEMS BE RESTRICTED TO THE ACQUISITION AND/OR CARE OF OTHER COLLECTION ITEMS. | |
| PART III, LINE 4: | THE HERRESHOFF MARINE MUSEUM AND AMERICA'S CUP HALL OF FAME ARE DEDICATED TO THE EDUCATION AND INSPIRATION OF THE PUBLIC THORUGH THE PRESENTATION OF THE HISTORY AND INNOVATIVE WORK OF THE HERRESHOFF MANUFACTURING COMPANY AND THE AMERICA'S CUP COMPETITION. IT IS THE POLICY OF THE MUSEUM TO COLLECT AND PRESERVE OBJECTS, DOCUMENTARY MATERIALS, AND RELATED INTELLECTUAL PROPERTY THAT MAY BE USED FOR EXHIBITIONS, INTERPRETATION, RESEARCH, OR OTHER APPLICATIONS IN SUPPORT OF THE MISSION. THE OBLIGATION OF THE MUSEUM TO ITS COLLECTIONS IS PARAMOUNT. THE MUSEUM DERIVES ITS CENTRAL PURPOSE AND ITS USE TO THE GENERAL PUBLIC FROM ITS COLLECTIONS, WHICH ARE AN ESSENTIAL PART OF THE HERRESHOFF MANUFACTURING COMPANY AND AMERICA'S CUP RECORD. | |
| PART X: | THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | JANET ZWOLINSKI | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 NEW MEADOW ROAD | AddressLine1 |
| City | BARRINGTON | City |
| State | RI | State |
| ZIP Code | 02806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | FUNDRAISING | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 20499 | AmountRetainedByContractor |
| Net To Organization | -20499 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 20499 | TotalRetainedByContractors |
| Total Net To Organization | -20499 | TotalNetToOrganization |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLIAM DYER JONES | NamePerson |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $25,000 | OriginalPrincipalAmount |
| Balance Due | 25000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 25000 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HALSEY HERRESHOFF | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | PRESIDENT, RELATED TO OTHER BOARD MEMBER | Relationship |
| Amount Of Transaction | 11831 | AmountOfTransaction |
| Description Of Transaction | THE MUSEUM RENTS SPACE IN A BUILDING OWNED BY THE MUSEUM'S PRESIDENT, IN WHICH THE MUSEUM HAS BUILT AN EXHIBIT. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 56000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | HALSEY HERRESHOFF (FORMER PRESIDENT AND BOARD DIRECTOR) AND HALSEY HERRESHOFF II (BOARD DIRECTOR) ARE RELATED. | |
| FORM 990, PART VI, SECTION A, LINE 6 | HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE EXPIRED AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP IS ONE VOTE. EACH FAMILY OR GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE ENTITLED TO ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE ACTIVITIES OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. THE TREASURER WILL REPORT ON THE FISCAL CONDITION OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. | |
| FORM 990, PART VI, SECTION A, LINE 7A | HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE EXPIRED AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP IS ONE VOTE. EACH FAMILY OR GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE ENTITLED TO ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE ACTIVITIES OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. THE TREASURER WILL REPORT ON THE FISCAL CONDITION OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. | |
| FORM 990, PART VI, SECTION A, LINE 7B | HERRESHOFF MARINE MUSEUM HAS MEMBERS WITH VOTING RIGHTS. THERE IS AN ANNUAL MEETING EACH YEAR OF THE MEMBERSHIP FOR THE ELECTION OF DIRECTORS TO SUCCEED THOSE WHOSE TERMS HAVE EXPIRED AND FOR THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. EACH MEMBER HAS ONE VOTE WHICH MAY BE GIVEN IN PERSON OR BY PROXY. EACH FAMILY OR GROUP MEMBERSHIP IS ONE VOTE. EACH FAMILY OR GROUP MEMBERSHIP SHALL BE DEEMED TO BE ONE MEMBER AND SHALL COLLECTIVELY BE ENTITLED TO ONE VOTE. THE CHAIRMAN OR PRESIDENT WILL REPORT ON THE ACTIVITIES OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. THE TREASURER WILL REPORT ON THE FISCAL CONDITION OF THE MUSEUM DURING THE PRECEDING FISCAL YEAR. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION'S MANAGEMENT WILL SEND THE 990 TO THE MUSEUM'S EXECUTIVE COMMITTEE FOR REVIEW AND COMMENT. MANAGEMENT WILL ALSO REVIEW THEIR COMMENTS VIA AN EXECUTIVE COMMITTEE MEETING TO BE HELD VIA TELECONFERENCE. | |
| THE ORGANIZATION REVIEWS OTHER NONPROFITS PAYSCALES TO DETERMINE SALARY COMPENSATION FOR EXECUTIVES. THE ORGANIZATION REVIEWS NEMA PAYSCALES AND REVIEWS OTHER NON-PROFITS 990'S. SALARY IS APPROVED BY THE BOARD. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE HERRESHOFF MARINE MUSEUM HAS HISTORICALLY, AND WILL CONTINUE TO, MAKE ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | UNREALIZED LOSS ON INTEREST RATE SWAP -47,669. TOTAL TO FORM 990, PART XI, LINE 5: -47,669. | FORM 990, PART XI, LINE 5: |
| THE INDEPENDENT ACCOUNTANTS REPORT DIRECTLY TO THE BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. | 990 PART XI, LINE 2C | |
| AN ERROR RESULTING IN A MISSTATEMENT OF PREVIOUSLY REPORTED BALANCES WAS DISCOVERED DURING THE CURRENT YEAR. ACCORDINGLY, A RECLASSIFICATION WAS MADE BETWEEN UNRESTRICTED AND TEMPORARILY RESTRICTED NET ASSETS AS OF THE BEGINNING OF THE YEAR. | FORM 990, SCHEDULE D, PART V, LINE 1A | |
| THE HERRESHOFF MARINE MUSEUM SUBMITTED A SECOND EXTENSION REQUEST TO FILE FORM 990 ON JULY 19, 2011. THIS EXTENSION REQUEST EXTENDS THE DUE DATE TO FILE TO NOVEMBER 15, 2011. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BURNSIDE STREET | AddressLine1 |
| City | BRISTOL | City |
| State | RI | State |
| ZIP Code | 02809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263689010 | EIN |
| Primary Activity | MANAGING THE HERRESHOFF MARINE MUSEUM CONDOMINIUM IN BRISTOL, RI | PrimaryActivity |
| Legal Domicile State | RI | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERRESHOFF MARINE MUSEUM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 190 | ShareOfTotalIncome |
| Share Of EOY Assets | 74396 | ShareOfEOYAssets |
| Percentage Ownership | 0.78000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HERRESHOFF MARINE MUSEUM CONDOMINIUM ASSOCIATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionType |
| Amount Involved | 9642 | AmountInvolved |
| Method Of Amt Determination | BOOK VALUE | MethodOfAmtDetermination |