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Nonprofiteer
← MARBLEHEAD MUSEUM & HISTORICAL SOCIETY INC

Form 990 for tax year 2023

Filed by MARBLEHEAD MUSEUM & HISTORICAL SOCIETY INC.

Totals

Total revenue
$842,953
Total expenses
$371,945
Contributions and grants received
$688,862
Grants paid
$0
Program service revenue
$33,595
Investment income
$82,094
Other revenue
$38,402
Total assets, end of year
$3,484,120
Total liabilities, end of year
$36,655
Net assets or fund balances, end of year
$3,447,465
Program services expenses (Part IX)
$224,430
Management and general expenses
$113,374
Fundraising expenses
$34,141
Program service expenses (Part III)
$224,430

Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $36,837

  • 1f · All other contributions, gifts and grants

    $652,025

  • 2a · Program service revenue: PROGRAMS

    total $26,803 · related or exempt $26,803

  • 2b · Program service revenue: ADMISSIONS

    total $6,792 · related or exempt $6,792

  • 3 · Investment income

    total $53,528 · excluded $53,528

  • 6a · Gross rents

    real property $1,075

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,075

  • 6d · Net rental income or loss

    total $1,075 · related or exempt $1,075

  • 7a · Gross sales of assets other than inventory

    securities $162,488

  • 7b · Less cost or other basis and sales expenses

    securities $133,922

  • 7c · Gain or loss

    securities $28,566

  • 7d · Net gain or loss

    total $28,566 · related or exempt $28,566

  • 8a · Fundraising events: gross income

    $69,912

  • 8b · Fundraising events: direct expenses

    $37,339

  • 8c · Net income from fundraising events

    total $32,573 · excluded $32,573

  • 10a · Gross sales of inventory

    $8,997

  • 10b · Cost of goods sold

    $4,373

  • 10c · Net income from sales of inventory

    total $4,624 · related or exempt $4,624

  • 11a · Other revenue: MISC INCOME

    total $130 · related or exempt $130

  • 11e · Other revenue, total

    $130

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $127,350 · program services $63,675 · management and general $50,940 · fundraising $12,735

  • 10 · Payroll taxes

    total $14,552 · program services $7,276 · management and general $5,821 · fundraising $1,455

  • 11g · Fees: other

    total $42,275 · program services $16,910 · management and general $16,910 · fundraising $8,455

  • 13 · Office expenses

    total $28,766 · program services $20,136 · management and general $5,753 · fundraising $2,877

  • 16 · Occupancy

    total $54,179 · program services $37,926 · management and general $10,835 · fundraising $5,418

  • 22 · Depreciation, depletion and amortization

    total $32,013 · program services $22,409 · management and general $6,403 · fundraising $3,201

  • 23 · Insurance

    total $41,781 · program services $25,069 · management and general $16,712

  • 24a · Other expenses: MUSEUM COLLECTION & EXH

    total $21,791 · program services $21,791

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $8,031 · program services $8,031

  • 24c · Other expenses: BANK AND CREDIT CARD FE

    total $1,207 · program services $1,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,036 · end of year $26,947

  • 2 · Savings and temporary cash investments

    beginning of year $199,729 · end of year $254,168

  • 4 · Accounts receivable

    beginning of year $300

  • 8 · Inventories for sale or use

    beginning of year $2,925 · end of year $17,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,579 · end of year $8,995

  • 10a · Land, buildings and equipment: cost or other basis

    $1,977,301

  • 10b · Land, buildings and equipment: accumulated depreciation

    $357,479

  • 10c · Land, buildings and equipment, net

    beginning of year $1,148,131 · end of year $1,619,822

  • 11 · Investments: publicly traded securities

    beginning of year $1,385,699 · end of year $1,556,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,893 · end of year $28,022

  • 19 · Deferred revenue

    end of year $8,633

  • 27 · Net assets without donor restrictions

    beginning of year $2,805,506 · end of year $2,894,579

  • 28 · Net assets with donor restrictions

    end of year $552,886

Mission and programs · 2023

Mission

THE MARBLEHEAD MUSEUM'S MISSION IS TO PRESERVE, PROTECT, AND PROMOTE MARBLEHEAD'S PAST AS A MEANS OF ENRICHING THE PRESENT. THE MUSEUM SHALL COLLECT, STUDY, AND CONSERVE SUCH HISTORIAL MATERIALS AS RELATED TO THE TOWN AND OF THE PERSONS WHOSE LIVES HAVE ALL CONTRIBUTED TO THE DEVELOPMENT OF MARBLEHEAD, AND OTHERWISE INFLUENCED ITS HISTORY. IT SHALL CONSERVE AND PRESERVE RELICS AND PROPERTY OF THE PAST, SUCH AS THE JEREMIAH LEE MANSION AND THE CIVIL WAR & GRAND ARMY OF THE REPUBLIC MUSEUM, AND OTHER PROPERTY, BOTH REAL AND PERSONAL, AS MAY BE GIVEN, BEQUEATHED, PURCHASED, LOANED TO OR OTHERWISE ACQUIRED BY THE MUSEUM. THE MUSEUM WILL USE THE COLLECTION FOR THE EDUCATION, ENJOYMENT, AND BENEFIT OF THE GENERAL PUBLIC. THE MUSEUM IS AN EDUCATIONAL RESOURCE FOR RESIDENTS OF MARBLEHEAD,VISITORS AND SCHOLARS FROM AROUND THE WORLD.

Activities or mission (Part I)

THE MARBLEHEAD MUSEUM'S MISSION IS TO PRESERVE, PROTECT, AND PROMOTE MARBLEHEAD'S PAST AS A MEANS OF ENRICHING THE PRESENT. THE MUSEUM SHALL COLLECT, STUDY, AND CONSERVE SUCH HISTORICAL MATERIALS AS RELATED TO THE TOWN AND OF THE PERSONS WHOSE LIVES HAVE CONTRIBUTED TO THE DEVELOPMENT OF MARBLEHEAD, AND OTHERWISE INFLUENCED ITS HISTORY. IT SHALL CONSERVE AND PRESERVE RELICS AND PROPERTY OF THE PAST, SUCH AS THE JEREMIAH LEEE MANSION AND THE CIVIL WAS & GRAND ARMY OF THE REPUBLIC MUSEUM, AND OTHER PROPERTY, BOTH REAL AND PERSONAL, AS MAY BE GIVEN, BEQUEATHED, PURCHASED, LOANED TO OR OTHERWISE ACQUIRED BY THE MUSEUM. THE MUSEUM WILL USE THE COLLECTION FOR THE EDUCATION, ENJOYMENT, AND BENEFIT OF THE GENERAL PUBLIC. THE MUSEUM IS AN EDUCATIONAL RESOURCE FOR RESIDENTS OF MARBLEHEAD, VISITORS, AND SCHOLARS FROM AROUND THE WORLD.

  • THE MARBLEHEAD MUSEUM ACHIEVES ITS MISSION TO PRESERVE, PROTECT AND PROMOTE THE UNIQUE HISTORY OF MARBLEHEAD THROUGH A VARIETY OF PROGRAMS AND INITIATIVES FOR CHILDREN AND ADULTS. THE MUSEUM AND THE LEE MANSION ARE OPEN TUESDAY THROUGH SATURDAY FROM JUNE THROUGH OCTOBER. THE MUSEUM REMAINS OPEN YEAR ROUND, WHILE THE LEE MANSION IS SEASONAL. ADMISSION TO THE LEE MANSION IS $10 PER PERSON. APPROXIMATELY 6,000 PEOPLE VISIT THE MUSEUM ANNUALLY. THE MUSEUM DOES NOT CHARGE ADMISSION, AND THE CHANGING EXHIBIT AND THE FROST GALLERY ARE OPEN TO VISITORS. THE STAFF IS ALSO AVAILABLE TO HELP WITH RESEARCH QUESTIONS. THE MUSEUM'S THIRD PROPERTY, THE CIVIL WAR AND G.A.R. MUSEUM, IS OPEN ON SATURDAYS IN SPRING, SUMMER AND FALL, WITH NO ADMISSION CHARGE. CHILDREN'S PROGRAMMING INCLUDES AFTER SCHOOL WORKSHOPS, GUIDED TOURS AND ACTIVITIES AT THE LEE MANSION AND THE FROST GALLERY, STAFF VISITS TO CLASSROOMS AND INTERN PROJECTS FOR HIGH SCHOOL AND COLLEGE STUDENTS. ALL CHILDREN'S PROGRAMMING IS FREE. APPROXIMATELY 1,000 STUDENTS, FROM 3RD TO 8TH GRADES OF MARBLEHEAD PUBLIC SCHOOLS VISIT ANNUALLY. AN AVERAGE OF 4 TO 6 STUDENTS FROM LOCAL HIGH SCHOOLS AND COLLEGES WORK ONE ON ONE WITH STAFF THROUGHOUT THE YEAR AS INTERNS. PROGRAMMING FOR ADULTS FOCUSES ON THE SPRING AND FALL LECTURE SERIES, SPONSORED BY MARBLEHEAD HARBOR INVESTMENT COUNSEL, A TOTAL OF 10-12 LECTURES ARE OFFERED EACH YEAR. ALSO, WALKING TOURS OF HISTORIC MARBLEHEAD TAKE PLACE DURING THE SUMMER AND FALL, DAYTIME LECTURE SERIES, KNOWN AS BROWN BAG LUNCH, ARE OFFERED AT NO CHARGE.

    Expenses $224,430 · Revenue $26,803

  • THE MUSEUM HAS OVER 60,000 CATALOGUED OBJECTS, ARTIFACTS AND PERSONAL PAPERS IN ITS COLLECTION, MOST OF THE FURNITURE, PAINTINGS AND DECORATIVE ARTS ARE ON DISPLAY IN THE LEE MANSION. A PORTION OF THE MUSEUM'S COLLECTION IS AVAILABLE ONLINE THROUGH THE MUSEUM'S WEBSITE, MARBLEHEADMUSEUM.ORG. THE MUSEUM'S CURATOR WORKS WITH RESEARCHERS BOTH IN PERSON AND THROUGH EMAIL AND TELEPHONE REQUESTS. PURCHASES FOR THE MUSEUM COLLECTION ARE LIMITED.

  • THE MARBLEHEAD MUSEUM OFFERS CHANGING EXHIBITS, USUALLY TWO OR THREE EACH YEAR, IN THE MUSEUM'S CHANGING EXHIBIT GALLERY. IN 2022, THE MUSEUM INSTALLED AN EXHIBIT OF THE VICTORIAN PHOTOGRAPHY OF FRED LITCHMAN. OTHER PROGRAMS INCLUDE LECTURES AND WALKING TOURS.

  • Revenue $41,187

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lauren McCormack

    EXECUTIVE DIRECTOR

    Total calculated
    $59,428
    From this org
    $59,428
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Maura K Phelan

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patty Pederson

    V.P./DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Downing

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Lausier

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Buckley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Coughlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patti D Baker

    DIRECTOR (APRIL ON)

    Total calculated
    $0
    Hours/week
    2

  • Richard Cuzner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Harold Kokinos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Faxon Michaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Peach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Rosenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349300640

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