2024-02-06T15:42:30-06:00 2023-03-31 042442519 EDELSTEIN & COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2022-04-01 042505888 USS CONSTITUTION MUSEUM INC USSC 6174261812 PO BOX 291812 BOSTON MA 02129 ANNE GRIMES RAND PRESIDENT/CEO 6174261812 2024-02-06 1 ANNE GRIMES RAND 999009999 0 EUGENE BORGONZI P01269879 6172276161 2024-02-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANNE GRIMES RAND PO BOX 291812 BOSTON MA 02129 5459150 0 X HTTPS://USSCONSTITUTIONMUSEUM.ORG X 1972 MA THE USS CONSTITUTION MUSEUM SERVES AS THE MEMORY AND EDUCATIONAL VOICE OF USS CONSTITUTION. 26 26 37 56 35992 23789 3390299 2093512 752978 1002418 818422 108844 147520 286876 5109219 3491650 0 0 0 0 1807739 1958513 70000 281000 685112 1327361 1232154 3205100 3471667 1904119 19983 13690451 12935308 396764 500845 13293687 12434463 THE USS CONSTITUTION MUSEUM ENGAGES ALL AGES IN THE STORY OF "OLD IRONSIDES" TO SPARK EXCITEMENT ABOUT MARITIME HERITAGE, NAVAL SERVICE, AND THE AMERICAN EXPERIENCE. 0 0 1160424 0 1209616 EDUCATION/VISITATION - THE USS CONSTITUTION MUSEUM WELCOMED 286,646 VISITORS DURING FY23, INCLUDING OVER 18,000 WHO EITHER VISITED AS PART OF ORGANIZED SCHOOL, CAMP OR GROUP VISITS OR PARTICIPATED IN A VIRTUAL FIELD TRIP. THE MUSEUM IS OPEN 7 DAYS PER WEEK AND CHARGES NO ADMISSION FEE TO ENSURE THAT ALL WHO WISH TO LEARN ABOUT USS CONSTITUTION CAN VISIT. WE CONTINUE TO SHARE CONSTITUTION'S STORY WITH A NATIONAL AUDIENCE THROUGH A VARIETY OF ONLINE ACTIVITIES, EDUCATIONAL PROGRAMS AND VIRTUAL FIELD TRIPS. IN 2022, THE MUSEUM WAS NAMED THE 5TH BEST HISTORY MUSEUMS IN THE COUNTRY BY USA TODAY FOR THE 2ND YEAR IN A ROW. 543216 0 0 EXHIBITS - THE MUSEUM'S PARTICIPATORY EXHIBITS CONSISTENTLY RECEIVE HIGH MARKS FROM OUR GUESTS. "ALL HANDS ON DECK" IS AN AWARD-WINNING, HANDS-ON EXHIBIT ABOUT "OLD IRONSIDES'" 1812 CREW. "FOREST TO FRIGATE" COMBINES HISTORY AND STEM LEARNING TO EXPLORE THE SHIP'S DESIGN AND CONSTRUCTION. "OLD IRONSIDES IN WAR IN PEACE" (OIWP) TRACES CONSTITUTION'S 225 YEAR HISTORY. "HEAR MY STORY: TODAY'S CREW OF USS CONSTITUTION" FEATURES VIDEO INTERVIEWS WITH THE ACTIVE-DUTY CREW. "JOIN THE CREW" IS A NEW INTERACTIVE ONLINE EXHIBIT. IN FY23, THE MUSEUM REMODELED THE BATTLE SECTION OF OIWP, OPENED A NEW "LEGO SHIPYARD" EXHIBIT, AND HOSTED THE 43RD ANNUAL MASTERS OF MINIATURE MODEL SHOW WITH A COMPLEMENTARY PHOTO SHOW. 519703 0 69049 COLLECTIONS - THE MUSEUM HOUSES THE LARGEST COLLECTION OF USS CONSTITUTION-RELATED OBJECTS WITH NEARLY 2,000 ARTIFACTS AND OVER 10,000 ARCHIVAL MATERIALS. A 2,400 VOLUME LIBRARY IS AVAILABLE TO RESEARCHERS, STUDENTS AND THE PUBLIC BY APPOINTMENT. IN FY23, THE MUSEUM ACQUIRED OVER 300 NEW ARTIFACTS AND ARCHIVAL RECORDS THROUGH DONATIONS AND PURCHASES. THE SCOPE AND BREADTH OF THESE NEW ACQUISITIONS CONTRIBUTES TO THE MUSEUM'S COMPREHENSIVE COLLECTION OF MATERIAL RELATED TO "OLD IRONSIDES." THE MUSEUM IS A CONSCIENTIOUS STEWARD OF THE COLLECTIONS AND ALL ITS ASSETS; CHARITY NAVIGATOR AWARDED ITS HIGHEST 4-STAR RATING FOR THE 10TH CONSECUTIVE YEAR. 2223343 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 19 0 37 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X JACQUELINE HIBBARD 6174261812 USS CONSTITUTION MUSEUM CHARLESTOWN BOSTON MA 02129 PAUL E GEORGE CHAIRMAN/DIRECTOR 8.00 X X 0 0 0 STEPHEN J O'LEARY III VICE CHAIRMAN/DIRECTOR 2.00 X X 0 0 0 DANIEL E SMITH VICE CHAIRMAN/DIRECTOR 6.00 X X 0 0 0 ALISON NOLAN VICE CHAIRMAN/DIRECTOR 6.00 X X 0 0 0 W KARL BAKER DIRECTOR 2.00 X 0 0 0 BRUCE A BLESSINGTON TREASURER/DIRECTOR 6.00 X X 0 0 0 BENJAMIN M FAUCETT DIRECTOR (RESIGNED 9/2022) 2.00 X 0 0 0 PAUL B FERRARO DIRECTOR 2.00 X 0 0 0 DANIEL KAUFMAN DIRECTOR 2.00 X 0 0 0 NANCY KELLEHER DIRECTOR 2.00 X 0 0 0 DENNIS J LANGWELL DIRECTOR 2.00 X 0 0 0 FRANK MORSE DIRECTOR 4.00 X 0 0 0 PAUL K MUTCH DIRECTOR 2.00 X 0 0 0 WILLIAM PHIPPS RICE JR DIRECTOR 2.00 X 0 0 0 JENNIFER ROSSI DIRECTOR 2.00 X 0 0 0 MEGAN SNIFFIN-MARINOFF SECRETARY/DIRECTOR 2.00 X X 0 0 0 MATTHEW P STACKPOLE DIRECTOR 2.00 X 0 0 0 CHRISTOPHER S WISEMAN DIRECTOR 2.00 X 0 0 0 THOMAS V HENNESSEY JR DIRECTOR 2.00 X 0 0 0 LOIS SIEGELMAN DIRECTOR 2.00 X 0 0 0 TAYLOR B WAGENSEIL DIRECTOR 2.00 X 0 0 0 RICHARD D BATCHELDER JR DIRECTOR 2.00 X 0 0 0 NIRAV G DESAI DIRECTOR 2.00 X 0 0 0 MARY JO MAJORS DIRECTOR 2.00 X 0 0 0 JAMES F MCHUGH III DIRECTOR 4.00 X 0 0 0 JESSICA STEBBINS DIRECTOR 2.00 X 0 0 0 JOHN FITZGERALD DIRECTOR 2.00 X 0 0 0 ANNE GRIMES RAND PRESIDENT/CEO 40.00 X 165612 0 21702 JACQUELINE HIBBARD SVP/COO/CFO 40.00 X 141728 0 16887 SARAH WATKINS SVP/CHIEF EXPERIENCE OFFICER 40.00 X 116158 0 29529 EDWARD SEVILLA SVP/CHIEF DEVELOPMENT OFFICER 40.00 X 121044 0 20527 544542 0 88645 4 0 1 0 CCS FUNDRAISING 155 FEDERAL ST 306 BOSTON MA 02110 PROFESSIONAL FUNDRAISING 245000 1 40215 220095 481018 1352184 66472 2093512 ADMISSIONS 900099 933369 933369 CURATORIAL 900099 69049 69049 1002418 161207 161207 20786 0 20786 20786 20786 1801982 1854345 -52363 -52363 -52363 18127 220095 64276 -46149 -46149 361118 48879 312239 276247 35992 3491650 1278665 35992 83481 355899 116661 135481 103757 1313847 1053837 181669 78341 20079 18641 1438 140582 117896 19956 2730 128106 93035 21621 13450 9753 7908 1845 90804 90804 60000 60000 281000 281000 36988 36988 120403 53189 475 66739 75933 75933 67401 39356 12966 15079 108472 56938 22081 29453 318259 297605 11781 8873 21431 15380 3384 2667 25074 25074 135943 134785 1158 61033 56760 3052 1221 FEDERAL & STATE UBI TAX 3000 3000 COLLECTIONS, EXHIBITS & 64290 64290 BANK & CREDIT CARD FEES 21752 2605 3442 15705 MEMBERSHIP DUES & SUBSC 10135 1358 7166 1611 1483 1483 3471667 2223343 563212 685112 2337460 556955 370905 2221221 100906 442359 31829 27412 56601 47139 22899 27695 4960205 3944714 992693 1015491 9157258 7944435 86900 52510 533000 600091 13690451 12935308 282280 307020 5956 6231 108528 187594 396764 500845 X 2998804 3136431 10294883 9298032 13293687 12434463 13690451 12935308 X 19983 -897163 17956 X X 0 1 X 1 0 X 1432493 1859966 2165544 3387299 2093512 10938814 32954 68281 99271 11902 212408 1432493 1892920 2233825 3486570 2105414 11151222 2587510 8563712 223354 192657 131489 254032 181993 983525 18555 10412 669 17806 24789 72231 12206978 4754601 0.70150 0.68420 X SCHEDULE A PART II SECTION A LINE 1 THE AMOUNT OF CONTRIBUTIONS REPORTED FOR TAX YEAR 2021 (LINE 1(D)) HAS BEEN ADJUSTED FROM WHAT WAS REPORTED ON LAST YEAR'S RETURN TO REFLECT THE LOSS ON UNCOLLECTIBLE PLEDGES OF $3,000 THAT HAS BEEN REPORTED ON PART XI LINE 9 AND THE RELATED DETAIL ON SCHEDULE O ON THIS FORM 990. THE $3,000 OF UNCOLLECTIBLE PLEDGES RELATED TO FY22 (TAX YEAR 2021). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 66397 66397 3394067 3460464 323023 80756 0 0 323023 323023 484535 66397 66397 80756 80756 121134 0 0 X X X 0 8926752 4716 -842104 0 342216 0 7747148 8517963 92952 623961 0 308124 0 8926752 6244539 95752 2478224 0 300552 0 8517963 7397448 75770 -271083 0 940527 17069 6244539 7617838 9249 363368 0 575938 17069 7397448 0.06401 0.28168 0.65431 0 0 2586301 1668202 918099 314765 233130 81635 2059139 2043382 15757 1015491 ANNUITY PAYABLE 110503 OPERATING LEASE LIABILITY 27091 REFUNDABLE ADVANCE 50000 187594 2703512 -897163 11902 134111 -751150 3454662 36988 36988 3491650 3562736 11902 116155 128057 3434679 36988 36988 3471667 PART III, LINE 1A: THE MUSEUM' COLLECTIONS ARE NOT REFLECTED ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASED ADDITIONS TO THE COLLECTIONS ARE RECORDED AS EXPENSES AT THE TIME ACQUIRED. THE COLLECTION IS DEEMED INEXHAUSTIBLE. THE COLLECTION IS MAINTAINED FOR EDUCATION AND RESEARCH AND FURTHERANCE OF THE MUSEUM'S GOALS RATHER THAN FINANCIAL GAIN. THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED AND IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT ENCOURAGES PERMANENT POSSESSION. THE MUSEUM'S COLLECTIONS POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS BE USED FOR THE ACQUISITION OR DIRECT CARE OF COLLECTION ITEMS. DIRECT CARE INCLUDES, BUT IS NOT LIMITED TO, CONTRACT CONSERVATION AND CONSULTANT COSTS. PART III, LINE 4: THE MUSEUM COLLECTS, PRESERVES, DISPLAYS AND INTERPRETS ITEMS RELATED TO THE SAILING FRIGATE USS CONSTITUTION, THE OLDEST COMMISSIONED WARSHIP AFLOAT IN THE WORLD. THE MUSEUM HAS MORE THAN 10,000 ARTIFACTS AND ARCHIVAL MATERIALS IN ITS COLLECTION. MANY ARE ON DISPLAY IN THE GALLERIES AND HELP TELL THE STORIES OF USS CONSTITUTION AND THE MEN AND WOMEN WHO SERVED (AND STILL SERVE) ON BOARD HER. MANY ITEMS HAVE BEEN DIGITIZED AND ARE SHARED ON THE MUSEUM'S WEBSITE. PART V, LINE 4: THE PERMANENT AND QUASI ENDOWMENTS PROVIDE INCOME FOR THE MUSEUM FROM INTEREST AND DIVIDENDS FOR ITS EDUCATIONAL MISSION AND OPERATIONS. THE PURPOSE OF THE TEMPORARILY RESTRICTED ENDOWMENT IS TO PROVIDE FUNDING, WHEN APPROPRIATE, TO RENOVATE THE BUILDING AND PROVIDE SAILS, RIGGING AND OTHER SHIP RELATED IMPROVEMENTS FOR USS CONSTITUTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (RETAIL OPERATIONS) 48,879. SPECIAL EVENTS 64,276. UNREALIZED GAIN ON TRUST RESIDUARY 40,000. ANNUITY LIABILITY REVALUATION ADJUSTMENT -19,044. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (RETAIL OPERATIONS) 48,879. SPECIAL EVENTS 64,276. LOSSES ON UNCOLLECTIBLE PLEDGES 3,000. X X X X X X 1 CCS FUNDRAISING 155 FEDERAL ST 306 BOSTON MA 02110 PROVIDE ASSESSMENT & CAPITAL CAMPAIGN ACTIVATION & MGMT. SER 0 0 281000 -281000 281000 -281000 MA NY SALUTE TO SERVICE EVENT 223922 209572 14350 24037 27882 BUSH BREAKFAST 7195 6040 1155 4390 1426 1 7105 4483 2622 5250 1291 238222 220095 18127 33677 30599 64276 -46149 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE WRITTEN CONTRACT BETWEEN THE MUSEUM AND CCS FUNDRAISING PROVIDES FOR THE MUSEUM TO MAKE PAYMENTS FOR SERVICES RENDERED AS WELL AS REIMBURSEMENT OF PROJECT COSTS INCURRED BY CCS FUNDRAISING. THESE TWO ITEMS WILL BE SEPARATELY STATED ON EACH INVOICE, IF APPLICABLE. SECTION 3 OF THE CONTRACT'S APPENDIX STATES: CCS'S FEES DO NOT INCLUDE OUT-OF-POCKET PROJECT-RELATED EXPENSES, WHICH USSCM SHALL PAY SEPARATELY, AT COST. PROJECT EXPENSES INCURRED BY CCS EXECUTIVES AND ASSIGNED STAFF INCLUDE BUT ARE NOT LIMITED TO REASONABLE PROJECT-RELATED TRAVEL, TRANSPORTATION, MILEAGE, LODGING, MEALS, PRINTING, COURIER AND OTHER ANCILLARY AND OUT-OF-POCKET COSTS. PAYMENT FOR THE EXPENSES SHALL BE MADE TO CCS WITHIN THIRTY DAYS AFTER BEING INVOICED. DURING FISCAL YEAR ENDED MARCH 31, 2023, THERE WERE NO REIMBURSEABLE EXPENSES. THE FULL $281,000 WAS FOR SERVICES RENDERED. X X X 0 0 0 0 0 0 0 1 0 ANNE GRIMES RAND PRESIDENT/CEO 160354 0 5000 0 258 0 3934 0 17768 0 187314 0 0 0 JACQUELINE HIBBARD SVP/COO/CFO 137122 0 4348 0 258 0 3561 0 13326 0 158615 0 0 0 PART I, LINE 3 THE COMPENSATION FOR THE PRESIDENT/CEO OF THE MUSEUM IS SET BY THE BOARD OF TRUSTEES AND IS INCLUDED IN THE BUDGET PROCESS. ANY CHANGE IN SALARY IS REVIEWED BY THE COMPENSATION COMMITTEE AND IS SIGNED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. SALARY SURVEY INFORMATION IS OBTAINED FROM THE NEW ENGLAND MUSEUM ASSOCIATION AND THE HUMAN RESOURCES CONSORTIUM OF THE CULTURAL INSTITUTIONS OF THE GREATER BOSTON AREA. PART I, LINE 7 THE PRESIDENT, SVP/CHIEF OPERATING & FINANCE OFFICER (COO/CFO) & SVP/CHIEF EXPERIENCE OFFICER (CXO) REPORTED IN PART VII, SECTION A, LINE 1A ALL RECEIVE PERFORMANCE-BASED ANNUAL BONUSES. THE PRESIDENT'S BONUS IS APPROVED BY THE COMPENSATION COMMITTEE AND THE COO/CFO'S & CXO'S BONUSES ARE APPROVED BY THE PRESIDENT. X 4 66472 MARKET QUOTATION X 13 0 1 0 PART I, COLUMN (B): THERE WERE 4 SEPARATE STOCK DONATIONS DURING THE FISCAL YEAR ENDED MARCH 31, 2023. ONE DONOR DONATED 3 VARIOUS SHARES OF STOCK AND ANOTHER DONOR DONATED THE REMAINING SHARES OF STOCK. PART I, LINE 33: SCHEDULE M, PART I, LINE 22 - HISTORICAL ARTIFACTS THE MUSEUM HAS ELECTED, AS PERMITTED UNDER ASC 958-360-25 (SFAS 116) NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET, THE DONATED ARTIFACTS IT RECEIVES THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. DURING FY23, THE MUSEUM RECEIVED 13 DONATED ARTIFACTS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO AND THE SVP/COO/CFO REVIEW A DRAFT OF THE FORM 990 BEFORE IT'S FILED. A COPY OF THE DRAFT FORM 990 IS ALSO SENT VIA EMAIL TO ALL BOARD MEMBERS AT WHICH TIME THEY CAN ASK QUESTIONS OR MAKE COMMENTS ON THE DRAFT. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM DISTRIBUTES THE CONFLICT OF INTEREST FORMS TO ALL TRUSTEES WHO MUST SIGN AND RETURN THE FORM. ANY CONFLICTS THAT ARISE WOULD BE HANDLED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT/CEO OF THE MUSEUM IS SET BY THE BOARD OF TRUSTEES AND IS INCLUDED IN THE BUDGET PROCESS. ANY CHANGE IN SALARY IS REVIEWED BY THE COMPENSATION COMMITTEE AND IS SIGNED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE COMPENSATION FOR ALL OTHER STAFF IS SET THROUGH THE BUDGET PROCESS WHICH IS REVIEWED BY THE FINANCE COMMITTEE AND ULTIMATELY APPROVED BY THE BOARD OF TRUSTEES. THE PRESIDENT SIGNS ALL LETTERS OF HIRE. DEPARTMENT DIRECTORS SIGN THE SALARY FORM FOR CHANGES FOR PAYROLL PURPOSES. SALARY SURVEY INFORMATION IS OBTAINED FROM THE NEW ENGLAND MUSEUM ASSOCIATION AND THE HUMAN RESOURCES CONSORTIUM OF THE CULTURAL INSTITUTIONS OF THE GREATER BOSTON AREA. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON TRUST RESIDUARY 40,000. ANNUITY LIABILITY REVALUATION ADJUSTMENT -19,044. LOSSES ON UNCOLLECTIBLE PLEDGES -3,000. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR. FORM 990, PART I, LINE 6 MEMBERS OF OUR BOARD OF DIRECTORS, LIFE TRUSTEES AND MEMBERS OF OUR BOARD OF OVERSEERS SERVE ON MUSEUM COMMITTEES AND SUPPORT OUR ANNUAL GALA. OTHER VOLUNTEERS ASSIST WITH VISITOR SERVICES, COLLECTIONS, MARKETING AND EVENTS. IN ADDITION, WE HAVE VOLUNTEERS FROM A MODELERS GUILD WHO BUILD SHIP MODELS IN OUR GALLERIES.