← MARBLEHEAD MUSEUM & HISTORICAL SOCIETY INC

Form 990 for tax year 2022

Filed by MARBLEHEAD MUSEUM & HISTORICAL SOCIETY INC.

Totals

Total revenue: $774,870
Total expenses: $294,168
Contributions and grants received: $441,453
Grants paid: $0
Program service revenue: $11,722
Investment income: $259,693
Other revenue: $62,002
Total assets, end of year: $2,840,399
Total liabilities, end of year: $34,893
Net assets or fund balances, end of year: $2,805,506
Program services expenses (Part IX): $184,222
Management and general expenses: $65,608
Fundraising expenses: $44,338
Program service expenses (Part III): $184,222

Program services were 62.6% 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

$22,665
1f · All other contributions, gifts and grants

$418,788
2a · Program service revenue: ADMISSIONS

total $11,722 · related or exempt $11,722
3 · Investment income

total $293,536 · excluded $293,536
6a · Gross rents

real property $6,890
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $6,890
6d · Net rental income or loss

total $6,890 · related or exempt $6,890
7a · Gross sales of assets other than inventory

securities $214,470
7b · Less cost or other basis and sales expenses

securities $248,313
7c · Gain or loss

securities -$33,843
7d · Net gain or loss

total -$33,843 · excluded -$33,843
8a · Fundraising events: gross income

$95,718
8b · Fundraising events: direct expenses

$46,325
8c · Net income from fundraising events

total $49,393 · excluded $49,393
10a · Gross sales of inventory

$6,184
10b · Cost of goods sold

$465
10c · Net income from sales of inventory

total $5,719 · related or exempt $5,719

Functional expenses

Part IX, the statement of functional expenses.

8 · Pension plan contributions

total $120,856 · program services $64,200 · management and general $28,991 · fundraising $27,665
10 · Payroll taxes

total $9,466 · program services $5,028 · management and general $2,271 · fundraising $2,167
11b · Fees: legal

total $275 · management and general $275
11c · Fees: accounting

total $12,375 · program services $972 · management and general $11,403
11g · Fees: other

total $2,258 · program services $555 · management and general $1,703
13 · Office expenses

total $30,032 · program services $13,138 · management and general $9,329 · fundraising $7,565
16 · Occupancy

total $39,563 · program services $35,762 · management and general $2,048 · fundraising $1,753
20 · Interest

total $276 · management and general $276
22 · Depreciation, depletion and amortization

total $27,362 · program services $19,175 · management and general $4,602 · fundraising $3,585
23 · Insurance

total $36,140 · program services $32,667 · management and general $1,870 · fundraising $1,603
24a · Other expenses: MUSEUM COLLECTION & EXH

total $9,244 · program services $9,244
24b · Other expenses: AWARDS AND GRANTS

total $3,481 · program services $3,481
24c · Other expenses: BANK AND CREDIT CARD FE

total $2,840 · management and general $2,840

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $68,138 · end of year $92,036
2 · Savings and temporary cash investments

beginning of year $159,452 · end of year $199,729
4 · Accounts receivable

beginning of year $300 · end of year $300
8 · Inventories for sale or use

beginning of year $9,185 · end of year $2,925
9 · Prepaid expenses and deferred charges

beginning of year $11,709 · end of year $11,579
10a · Land, buildings and equipment: cost or other basis

$1,479,597
10b · Land, buildings and equipment: accumulated depreciation

$331,466
10c · Land, buildings and equipment, net

beginning of year $1,080,834 · end of year $1,148,131
11 · Investments: publicly traded securities

beginning of year $1,516,921 · end of year $1,385,699
14 · Intangible assets

beginning of year $417 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $43,739 · end of year $34,893
23 · Secured mortgages and notes payable

beginning of year $100,000 · end of year $0
27 · Net assets without donor restrictions

beginning of year $2,703,217 · end of year $2,805,506

Mission and programs · 2022

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 HISTORICAL MATERIALS AS RELATE 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 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 MISSON 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 RELATE 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 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.

THE MARBLEHEAD MUSEUM ACHIEVES ITS MISSION TO PRESERVE, PROTECT ANDPROMOTE THE UNIQUE HISTORY OF MARBLEHEAD THROUGH A VARIETY OF PROGRAMSAND INITIATIVES FOR CHILDREN AND ADULTS. THE MUSEUM AND THE LEE MANSIONARE OPEN TUESDAY THROUGH SATURDAY FROM JUNE THROUGH OCTOBER. THE MUSEUMREMAINS OPEN YEAR ROUND, WHILE THE LEE MANSION IS SEASONAL.ADMISSION TO THE LEE MANSION IS $10 PER PERSON. APPROXIMATELY 6000PEOPLE VISIT THE MANSION ANNUALLY. THE MUSEUM DOES NOT CHARGEADMISSION, AND THE CHANGING EXHIBIT AND THE FROST GALLERY ARE OPEN TOVISITORS. THE STAFF IS ALSO AVAILABLE TO HELP WITH RESEARCH QUESTIONS.THE MUSEUM'S THIRD PROPERTY, THE CIVIL WAR AND G.A.R. MUSEUM, IS OPENON 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 1000 STUDENTS, FROM3RD TO 8TH GRADES OF MARBLEHEAD PUBLIC SCHOOLS VISIT ANNUALLY. ANAVERAGE OF 4 TO 6 STUDENTS FROM LOCAL HIGH SCHOOLS AND COLLEGES WORKONE ON ONE WITH STAFF THROUGHOUT THE YEAR AS INTERNS.PROGRAMMING FOR ADULTS FOCUSES ON THE SPRING AND FALL LECTURE SERIES, SPONSORED BY MARBLE 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 LUNCHES, ARE OFFERED AT NO CHARGE.

Expenses $184,222 · Revenue $24,331
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 TO 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 INCLUDED LECTURES AND WALKING TOURS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Maura K PhelanMAURA K PHELAN

PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

2
Patty PedersonPATTY PEDERSON

V.P./DIRECTOR

Total calculated

$0

Hours/week

2
Kimberly DowningKIMBERLY DOWNING

SECRETARY/DIRECTOR

Total calculated

$0

Hours/week

2
Patricia LausierPATRICIA LAUSIER

TREASURER/DIRECTOR

Total calculated

$0

Hours/week

2
Bonnie BuckleyBONNIE BUCKLEY

DIRECTOR

Total calculated

$0

Hours/week

2
Christopher CoughlanCHRISTOPHER COUGHLAN

DIRECTOR

Total calculated

$0

Hours/week

2
Patti D BakerPATTI D BAKER

DIRECTOR (APRIL ON)

Total calculated

$0

Hours/week

2
Richard CuznerRICHARD CUZNER

DIRECTOR

Total calculated

$0

Hours/week

2
Harold KokinosHAROLD KOKINOS

DIRECTOR

Total calculated

$0

Hours/week

2
Faxon MichaudFAXON MICHAUD

DIRECTOR

Total calculated

$0

Hours/week

2
Elizabeth MooreELIZABETH MOORE

DIRECTOR

Total calculated

$0

Hours/week

2
Andrew PeachANDREW PEACH

DIRECTOR

Total calculated

$0

Hours/week

2
Karen RosenbergKAREN ROSENBERG

DIRECTOR

Total calculated

$0

Hours/week

2
Lauren McCormackLAUREN MCCORMACK

EXECUTIVE DIRECTOR

Total calculated

$54,880

From this org

$54,880

From related orgs

$0

Other

$0

Hours/week

37.5

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: 2022
Filed: 13 November 2023
IRS schema version: 2022v5.0
Source object: 202313189349314296

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