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Nonprofiteer
← CAPE ANN MUSEUM INC

Form 990 for tax year 2023

Filed by CAPE ANN MUSEUM INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 13 February 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$9,522,343 changed to $1,194,390
Total expenses
$4,483,622 changed to $933,545
Contributions and grants received
$7,598,992 changed to $393,015
Program service revenue
$776,266 changed to $30,331
Investment income
$950,797 changed to $760,792
Other revenue
$196,288 changed to $10,252
Total assets, end of year
$33,500,921 changed to $33,899,605
Total liabilities, end of year
$1,949,441 changed to $2,042,488
Net assets or fund balances, end of year
$31,551,480 changed to $31,857,117
Program services expenses
$3,416,903 changed to $656,682
Management and general expenses
$507,343 changed to $97,952
Fundraising expenses
$559,376 changed to $178,911
Program service expenses (Part III)
$3,416,903 changed to $656,682

Listed only on the later return

  • Alexander McGrath

Totals

Total revenue
$9,522,343
Total expenses
$4,483,622
Contributions and grants received
$7,598,992
Grants paid
$0
Program service revenue
$776,266
Investment income
$950,797
Other revenue
$196,288
Total assets, end of year
$33,500,921
Total liabilities, end of year
$1,949,441
Net assets or fund balances, end of year
$31,551,480
Program services expenses (Part IX)
$3,416,903
Management and general expenses
$507,343
Fundraising expenses
$559,376
Program service expenses (Part III)
$3,416,903

Program services were 76.2% 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

    $449,408

  • 1c · Fundraising events

    $34,075

  • 1e · Government grants (contributions)

    $253,320

  • 1f · All other contributions, gifts and grants

    $6,862,189

  • 1g · Noncash contributions included above

    $472,493

  • 2a · Program service revenue: ADMISSIONS

    total $729,753 · related or exempt $729,753

  • 2b · Program service revenue: ART EXHIBITS & PROGRAMS

    total $46,513 · related or exempt $46,513

  • 3 · Investment income

    total $352,971 · excluded $352,971

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,789,743

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

    securities $5,191,917

  • 7c · Gain or loss

    securities $597,826

  • 7d · Net gain or loss

    total $597,826 · excluded $597,826

  • 8a · Fundraising events: gross income

    $46,125

  • 8a · Fundraising events: contributions included on line 1c

    $34,075

  • 8b · Fundraising events: direct expenses

    $72,196

  • 8c · Net income from fundraising events

    total -$26,071 · excluded -$26,071

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $429,287

  • 10b · Cost of goods sold

    $206,928

  • 10c · Net income from sales of inventory

    total $222,359 · related or exempt $222,359

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $202,800 · program services $119,652 · management and general $34,476 · fundraising $48,672

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,157,275 · program services $682,792 · management and general $196,737 · fundraising $277,746

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $98,252 · program services $57,969 · management and general $16,703 · fundraising $23,580

  • 10 · Payroll taxes

    total $113,816 · program services $67,151 · management and general $19,349 · fundraising $27,316

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $28,148 · management and general $28,148

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $28,514 · fundraising $28,514

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $256,624 · program services $256,624

  • 12 · Advertising and promotion

    total $134,957 · program services $134,487 · management and general $470

  • 13 · Office expenses

    total $172,181 · program services $101,586 · management and general $29,271 · fundraising $41,324

  • 14 · Information technology

    total $133,127 · program services $78,545 · management and general $22,632 · fundraising $31,950

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $148,981 · program services $87,899 · management and general $25,327 · fundraising $35,755

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $49,996 · program services $49,996

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $516,774 · program services $465,096 · management and general $46,510 · fundraising $5,168

  • 23 · Insurance

    total $162,563 · program services $113,794 · management and general $48,769

  • 24a · Other expenses: PROGRAMS & EXHIBITS

    total $661,359 · program services $661,359

  • 24b · Other expenses: MEMBER SERVICES

    total $218,876 · program services $218,876

  • 24c · Other expenses: SECURITY SYSTEMS

    total $158,396 · program services $93,454 · management and general $26,927 · fundraising $38,015

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $133,598 · program services $120,238 · management and general $12,024 · fundraising $1,336

  • 24e · All other expenses

    total $107,385 · program services $107,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,714 · end of year $84,095

  • 2 · Savings and temporary cash investments

    beginning of year $2,109,996 · end of year $4,751,836

  • 3 · Pledges and grants receivable

    beginning of year $1,314,322 · end of year $3,135,021

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $62,361 · end of year $101,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,166 · end of year $13,405

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

    $16,463,862

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

    $6,027,409

  • 10c · Land, buildings and equipment, net

    beginning of year $10,670,226 · end of year $10,436,453

  • 11 · Investments: publicly traded securities

    beginning of year $11,681,699 · end of year $12,160,774

  • 12 · Investments: other securities

    beginning of year $1,525,060 · end of year $2,526,772

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $5,756

  • 15 · Other assets

    beginning of year $505,918 · end of year $284,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,969 · end of year $101,618

  • 24 · Unsecured notes and loans payable

    beginning of year $1,714,468 · end of year $1,684,035

  • 25 · Other liabilities

    beginning of year $342,465 · end of year $163,788

  • 27 · Net assets without donor restrictions

    beginning of year $18,872,728 · end of year $20,177,380

  • 28 · Net assets with donor restrictions

    beginning of year $6,835,832 · end of year $11,374,100

Mission and programs · 2023

Mission

TO FOSTER AN APPRECIATION OF THE QUALITY AND DIVERSITY OF LIFE ON CAPE ANN, PAST AND PRESENT; TO FURTHER THE KNOWLEDGE AND ENJOYMENT OF CAPE ANN HISTORY AND ART; TO COLLECT AND PRESERVE SIGNIFICANT INFORMATION AND ARTIFACTS; AND TO ENCOURAGE COMMUNITY INVOLVEMENT WITH ITS PROGRAMS AND HOLDINGS. IN ALL ITS ACTIVITIES, THE MUSEUM EMPHASIZES THE HIGHEST STANDARDS OF QUALITY AND SEEKS TO ENGAGE THE BROADEST POSSIBLE AUDIENCE.

  • PURPOSES ARE OWNERSHIP, OPERATION, COLLECTION AND PRESERVATION OF HISTORICAL BUILDINGS, OBJECTS, RECORDS AND WORKS OF ART ALL RELATED TO CAPE ANN. THE MUSEUM EXHIBITS AND OFFERS EDUCATIONAL PROGRAMMING FOCUSING ON ITS COLLECTIONS FOR THE BENEFIT OF ITS MEMBERS AND THE GENERAL PUBLIC.

    Expenses $3,416,903 · Revenue $998,625

As filed on the 2023 return.

Listed in Part VII

  • Oliver Barker

    MUSEUM DIRECTOR

    Total calculated
    $202,800
    From this org
    $195,000
    From related orgs
    $0
    Other
    $7,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $7,800
    Nontaxable benefits
    not reported
    Filer's total
    $202,800

  • Jjbell

    Director

    Total calculated
    $0
    Hours/week
    6

  • Ann T Hall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rose Beecher

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gail Von Metzsch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Rich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susanna Natti

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Ellis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anne Rogers Haley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Bachelder

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hinda Simon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anne-Seymour St John

    Director

    Total calculated
    $0
    Hours/week
    1

  • Caroline Hovey

    Director

    Total calculated
    $0
    Hours/week
    2

  • R David Porper

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Cunningham

    Director

    Total calculated
    $0
    Hours/week
    4

  • Iiene Nagel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judi Rotenberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Janet James

    Director

    Total calculated
    $0
    Hours/week
    2

  • Charlie Mann

    Director

    Total calculated
    $0
    Hours/week
    4

  • Samuel Holdsworth

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Nina Goodick

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Thomas Cronin

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Henrietta Gates

    President

    Total calculated
    $0
    Hours/week
    8

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202412579349301476

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