Form 990 for tax year 2022

Filed by PROPRIETORS OF THE BOSTON ATHENAEUM.

Totals

Total revenue: $6,963,330
Total expenses: $11,574,279
Contributions and grants received: $5,538,472
Grants paid: $13,250
Program service revenue: $1,549,067
Investment income: -$283,611
Other revenue: $159,402
Total assets, end of year: $128,794,404
Total liabilities, end of year: $19,209,084
Net assets or fund balances, end of year: $109,585,320
Program services expenses (Part IX): $9,427,819
Management and general expenses: $1,176,807
Fundraising expenses: $969,653
Program service expenses (Part III): $9,427,819

Program services were 81.5% 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.

1d · Related organizations

$54,759
1f · All other contributions, gifts and grants

$5,483,713
1g · Noncash contributions included above

$438,235
2a · Program service revenue: FEES FOR LIBRARY USE

total $1,354,670 · related or exempt $1,354,670
2b · Program service revenue: LECTURES, CONCERTS & EXHIBITIONS

total $84,021 · related or exempt $84,021
2c · Program service revenue: PHOTOGRAPHIC SERVICES

total $695 · related or exempt $695
2f · All other program service revenue

total $109,681 · related or exempt $109,681
3 · Investment income

total $2,020,626 · excluded $2,020,626
6a · Gross rents

real property $155,064
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $155,064
6d · Net rental income or loss

total $155,064 · excluded $155,064
7a · Gross sales of assets other than inventory

securities $115,869,156
7b · Less cost or other basis and sales expenses

securities $118,173,393
7c · Gain or loss

securities -$2,304,237
7d · Net gain or loss

total -$2,304,237 · excluded -$2,304,237
10a · Gross sales of inventory

$4,338
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $4,338 · excluded $4,338

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $5,000 · program services $5,000
2 · Grants to domestic individuals

total $8,250 · program services $8,250
5 · Compensation of officers, directors and key employees

total $601,201 · program services $153,021 · management and general $314,287 · fundraising $133,893
7 · Other salaries and wages

total $3,376,382 · program services $2,532,601 · management and general $330,203 · fundraising $513,578
8 · Pension plan contributions

total $179,569 · program services $140,439 · management and general $12,775 · fundraising $26,355
9 · Other employee benefits

total $499,942 · program services $358,875 · management and general $56,417 · fundraising $84,650
10 · Payroll taxes

total $297,185 · program services $216,831 · management and general $32,765 · fundraising $47,589
11b · Fees: legal

total $47,540 · management and general $47,540
11c · Fees: accounting

total $61,950 · management and general $61,950
11f · Fees: investment management

total $121,674 · management and general $121,674
11g · Fees: other

total $296,196 · program services $239,232 · management and general $34,898 · fundraising $22,066
12 · Advertising and promotion

total $19,730 · program services $19,730
13 · Office expenses

total $94,029 · program services $64,469 · management and general $14,165 · fundraising $15,395
14 · Information technology

total $419,883 · program services $356,871 · management and general $16,670 · fundraising $46,342
16 · Occupancy

total $2,695,557 · program services $2,622,584 · management and general $51,543 · fundraising $21,430
17 · Travel

total $24,963 · program services $23,307 · management and general $1,429 · fundraising $227
22 · Depreciation, depletion and amortization

total $1,368,749 · program services $1,340,005 · management and general $17,794 · fundraising $10,950
23 · Insurance

total $120,987 · program services $89,333 · management and general $31,155 · fundraising $499
24a · Other expenses: COLLECTIONS AQUISITIONS

total $530,618 · program services $530,618
24b · Other expenses: EVENT PROGRAMMING

total $504,846 · program services $474,101 · management and general $13,402 · fundraising $17,343
24c · Other expenses: ART EXHIBITIONS

total $150,571 · program services $150,571
24d · Other expenses: PRINTING & PUBLICATIONS

total $67,291 · program services $42,806 · management and general $840 · fundraising $23,645
24e · All other expenses

total $82,166 · program services $59,175 · management and general $17,300 · fundraising $5,691

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $687,292 · end of year $1,095,584
2 · Savings and temporary cash investments

beginning of year $7,319,439 · end of year $5,313,534
3 · Pledges and grants receivable

beginning of year $292,428 · end of year $495,254
10a · Land, buildings and equipment: cost or other basis

$58,360,735
10b · Land, buildings and equipment: accumulated depreciation

$20,531,508
10c · Land, buildings and equipment, net

beginning of year $35,410,410 · end of year $37,829,227
11 · Investments: publicly traded securities

beginning of year $49,676,365 · end of year $52,041,767
12 · Investments: other securities

beginning of year $12,570,825 · end of year $15,775,166
15 · Other assets

beginning of year $1,636,056 · end of year $16,243,872
17 · Accounts payable and accrued expenses

beginning of year $2,694,826 · end of year $987,205
19 · Deferred revenue

beginning of year $1,275,746 · end of year $765,876
25 · Other liabilities

beginning of year $0 · end of year $17,456,003
27 · Net assets without donor restrictions

beginning of year $59,668,178 · end of year $67,941,434
28 · Net assets with donor restrictions

beginning of year $43,954,065 · end of year $41,643,886

Mission and programs · 2022

Mission

SEE SCHEDULE O.

LIBRARY SERVICES - SEE SCHEDULE O.LIBRARY SERVICES - THE LIBRARY IS THE LARGEST PROGRAMMATIC ACTIVITY OFTHE BOSTON ATHENAEUM, SERVING APPROXIMATELY 5,000 MEMBERS, THEIRFAMILIES, THE SCHOLARLY COMMUNITY, STUDENTS, AND OTHER MEMBERS OF THEPUBLIC. IT IS COMPOSED OF TWO PRINCIPAL DEPARTMENTS: READER SERVICESAND TECHNICAL SERVICES. READER SERVICES AT THE BOSTON ATHENAEUMCOMPRISES THE PUBLIC DEPARTMENTS THAT OFFER LIBRARY SERVICES. THE HEADOF READER SERVICES AND THE ARCHIVIST/REFERENCE LIBRARIAN WORK AT THEREFERENCE DESK; THEY ANSWER HUNDREDS OF MEMBERS AND RESEARCHERS'QUESTIONS AND ASSIST IN THE USE OF CIRCULATING MATERIALS, SPECIALCOLLECTIONS, ELECTRONIC RESOURCES, AND ONLINE RESEARCH. THOUSANDS OFRARE MATERIALS ARE PROVIDED FOR THE 200-300 RESEARCHERS WHO USE THESPECIAL COLLECTIONS READING ROOM EVERY YEAR. THE HEAD OF CIRCULATIONAND THE READER SERVICES ASSISTANT MANAGE ACTIVITY AT THE CIRCULATIONDESK, WHERE ROUGHLY 18,000 ITEMS CIRCULATE EACH YEAR. FIVE INTERNSASSIST AT CIRCULATION AND REFERENCE. THE CHILDREN'S LIBRARIAN HELPSYOUNGER MEMBERS USE THE CHILDREN'S LIBRARY, AND OFFERS PROGRAMSINCLUDING STORY HOURS AND READING GROUPS, DESIGNED SPECIFICALLY FORCHILDREN. NINETEEN DISCUSSION GROUPS AND OVER 150 TOURS OF THE BUILDING ARE ARRANGED BY READER SERVICES EVERY YEAR. THE TECHNICAL SERVICES DEPARTMENT, MANAGED BY THE CHIEF TECHNICAL SERVICES LIBRARIAN, ENCOMPASSES THE FUNCTIONS OF ACQUISITIONS, CATALOGING, SERIALS, CONSERVATION, AND DIGITIZATION. THE UNITS OF ACQUISITIONS, CATALOGING, AND SERIALS INCLUDE, AN ACQUISITIONS LIBRARIAN, A SERIALS LIBRARIAN, THREE RARE MATERIALS CATALOG LIBRARIANS, TWO CATALOGING ASSISTANTS, AND THREE INTERNS. THEY ARE RESPONSIBLE FOR SELECTING, ACQUIRING, ACCESSIONING, INVOICING, CATALOGING, AND PROCESSING APPROXIMATELY 2,700 ADDITIONS TO THE LIBRARY PER YEAR, INCLUDING BOTH NEW IMPRINTS AND RARE HISTORICAL VOLUMES. THE DEPARTMENT ALSO AUGMENTS APPROXIMATELY 3,000 LEGACY CATALOGING RECORDS PER YEAR.

Expenses $3,454,077 · Grants $13,250 · Revenue $1,464,351
SPECIAL COLLECTIONS - SEE SCHEDULE O.SPECIAL COLLECTIONS - THE SPECIAL COLLECTIONS DEPARTMENT IS COMPOSED OFTHE CURATORS WHO OVERSEE THE ACQUISITION, MAINTENANCE, AND EXHIBITIONOF RARE BOOKS, ARCHIVAL DOCUMENTS, MANUSCRIPTS, MAPS, AND WORKS OF ART.DEPARTMENT STAFF MEMBERS INCLUDE THE CURATOR OF RARE BOOKS ANDMANUSCRIPTS, THE CURATOR OF PAINTINGS AND SCULPTURE, THE ASSOCIATECURATOR OF PAINTINGS AND SCULPTURE, THE ARCHIVIST,AND THE CURATOR OF PRINTS AND PHOTOGRAPHS. THE CURATORS RESEARCHOBJECTS IN THE COLLECTIONS AND DISSEMINATE INFORMATION ABOUT THEM TOTHE SCHOLARLY COMMUNITY AT LARGE AND TO THE PUBLIC THROUGH LECTURES,PUBLICATIONS, AND (IN COOPERATION WITH LIBRARIES, ARCHIVES, AND MUSEUMSAROUND THE COUNTRY) AN ACTIVE LOAN PROGRAM. EACH YEAR, ON SITE, THECURATORS ASSIST HUNDREDS OF ATHENAEUM MEMBERS AND VISITING SCHOLARS INRESEARCHING THE ATHENAEUM'S COLLECTIONS. THE CURATORIAL STAFF MOUNTSTWO OR THREE EXHIBITIONS PER YEAR COVERING A RANGE OF HISTORICAL ANDCONTEMPORARY SUBJECTS. THESE EXHIBITIONS ARE ACCOMPANIED BY GALLERYTALKS, LECTURES, AND SYMPOSIA, ALL OF WHICH ARE OPEN TO THE PUBLIC.

Expenses $3,208,552
LECTURES & CONCERTS - SEE SCHEDULE OLECTURES & CONCERTS - THE LECTURES AND CONCERTS PROGRAM INCLUDESAPPROXIMATELY 100 EVENTS EACH YEAR, SUCH AS AUTHOR TALKS, LECTURES,CONCERTS, CHILDREN'S EVENTS, EXHIBITION RECEPTIONS AND MOVIES. EVENTSTAKE PLACE BOTH IN THE EVENING AND DURING THE DAY AND INCLUDE EVENTSTHAT ARE OPEN TO THE GENERAL PUBLIC AS WELL AS EVENTS FOR ATHENAEUMMEMBERS.

Expenses $2,240,951 · Revenue $84,021
CONSERVATION - SINCE 1963, THE CONSERVATION LABRATORY HAS BEEN DEDICATED TO THE LONG-TERM PRESERVATION OF THE ATHENAEUM'S HOLDINGS WITH INHERENT HISTORIC ARTISTIC OR LITERARY VALUE. THE CONSERVATION DEPARTMENT INCLUDES THE CHIEF CONSERVATOR AND THE ASSOCIATE CONSERVATOR, AND SEVERAL INTERNS AND FELLOWS. ATHENAEUM CONSERVATORS PERFORM CONSERVATION TREATMENTS ON RARE AND CIRCULATING BOOKS, MAPS, MANUSCRIPTS, PRINTS, ARCHITECTURAL DRAWINGS, BROADSIDES, AND PAMPHLETS, AND FOLLOW PREVENTIVE CONSERVATION PROTOCOLS. DIGITAL PROGRAMS - THE DIGITAL PROGRAMS DEPARTMENT IS DEDICATED TO THE ENHANCEMENT OF SCHOLARLY ACCESS TO THE COLLECTIONS THROUGH DIGITIZATION. THE HEAD OF DIGITAL PROGRAMS AND TWO INTERNS SCAN COLLECTION MATERIALS IN THE IMAGING STUDIO AND CREATE ONLINE RECORDS CONTAINING DIGITAL SURROGATES WITH THEIR CORRESPONDING METADATA. THESE EFFORTS ENSURE THAT ATHENAEUM COLLECTIONS ARE AVAILABLE FREELY ONLINE TO SCHOLARS, RESEARCHERS, STUDENTS, AND TO ANYONE IN THE WORLD WITH AN INTERNET CONNECTION.

Expenses $524,239 · Revenue $695

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

Listed in Part VII

Timothy W DigginsTIMOTHY W DIGGINS

PRESIDENT

Total calculated

$0

Hours/week

2 + 2 related
Susan B WeatherbieSUSAN B WEATHERBIE

VICE PRESIDENT

Total calculated

$0

Hours/week

2 + 2 related
Creelea Henderson PangaroCREELEA HENDERSON PANGARO

VP (UNTIL 3/27/23)/CURRENT TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
J Mark EnriquezJ MARK ENRIQUEZ

TREASURER (UNTIL 3/27/23)

Total calculated

$0

Hours/week

2 + 2 related
Javier CevallosJAVIER CEVALLOS

TREASURER

Total calculated

$0

Hours/week

2 + 2 related
Arthur B PageARTHUR B PAGE

SECRETARY

Total calculated

$0

Hours/week

2 + 2 related
Earl M Collier JrEARL M COLLIER JR

TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
Michael EwaldMICHAEL EWALD

TRUSTEE

Total calculated

$0

Hours/week

2
John S ReedJOHN S REED

TRUSTEE

Total calculated

$0

Hours/week

2
Aimee Vincent JamisonAIMEE VINCENT JAMISON

TRUSTEE

Total calculated

$0

Hours/week

2
Roger HaynesROGER HAYNES

TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
Terrance P McGuireTERRANCE P MCGUIRE

TRUSTEE (UNTIL 3/27/23)

Total calculated

$0

Hours/week

2 + 2 related
Amy RyanAMY RYAN

TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
Catherine PowellCATHERINE POWELL

TRUSTEE

Total calculated

$0

Hours/week

2
Austin V ShapardAUSTIN V SHAPARD

TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
Winston LangleyWINSTON LANGLEY

TRUSTEE

Total calculated

$0

Hours/week

2
Melissa FetterMELISSA FETTER

TRUSTEE

Total calculated

$0

Hours/week

2 + 2 related
Perrin GraysonPERRIN GRAYSON

TRUSTEE

Total calculated

$0

Hours/week

2
Nancy MaullNANCY MAULL

TRUSTEE

Total calculated

$0

Hours/week

2
Leah RosovskyLEAH ROSOVSKY

DIRECTOR

Total calculated

$355,589

From this org

$327,847

From related orgs

$0

Other

$27,742

Hours/week

35 + 2 related

Schedule J breakdown matched by us

Base

$323,275

Bonus

$0

Other

$4,572

Deferred

$26,270

Nontaxable benefits

$1,472

Filer's total

$355,589
Christopher BoudrotCHRISTOPHER BOUDROT

DIRECTOR OF FINANCE

Total calculated

$195,917

From this org

$156,550

From related orgs

$0

Other

$39,367

Hours/week

35 + 2 related

Schedule J breakdown matched by us

Base

$155,792

Bonus

$0

Other

$758

Deferred

$13,045

Nontaxable benefits

$26,322

Filer's total

$195,917
John BuchtelJOHN BUCHTEL

CURATOR, RARE BOOKS/SPEC. COLLECTIONS

Total calculated

$186,762

From this org

$148,440

From related orgs

$0

Other

$38,322

Hours/week

35

Schedule J breakdown matched by us

Base

$147,705

Bonus

$0

Other

$735

Deferred

$9,485

Nontaxable benefits

$28,837

Filer's total

$186,762
Bridget KeaneBRIDGET KEANE

DIRECTOR OF DEVELOPMENT

Total calculated

$276,213

From this org

$230,897

From related orgs

$0

Other

$45,316

Hours/week

35

Schedule J breakdown matched by us

Base

$230,357

Bonus

$0

Other

$540

Deferred

$19,046

Nontaxable benefits

$26,270

Filer's total

$276,213
Tyrone SmithTYRONE SMITH

DIRECTOR OF FACILITIES & SECURITY

Total calculated

$125,125

From this org

$115,402

From related orgs

$0

Other

$9,723

Hours/week

35
Jacqueline ChambersJACQUELINE CHAMBERS

MAJOR GIFTS OFFICER

Total calculated

$125,598

From this org

$100,496

From related orgs

$0

Other

$25,102

Hours/week

35

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

3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

THE BOSTON LIBRARY SOCIETY

501(C)(3) · ORGANIZATION THAT ALLOCATES FUNDS TO THE BOSTON ATHENAEUM · MA · controlled entity

Directly controlled by PROPRIETORS OF THE BOSTON ATHENAEUM

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CHARITABLE REMAINDER TRUST

T · CHARITABLE REMAINDER TRUST · MA · 100% owned

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 August 2024
IRS schema version: 2022v5.0
Source object: 202412269349302001

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