2025-02-12T12:06:01-06:00 2024-03-31 992277914 EAG NEW ENGLAND LLC 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2023-04-01 042505888 USS CONSTITUTION MUSEUM INC USSC 6174261812 PO BOX 291812 BOSTON MA 02129 ANNE GRIMES RAND PRESIDENT/CEO 6174261812 2025-02-12 1 0 EUGENE BORGONZI P01269879 6172276161 2025-02-10 2023 2025-03-06 01:10:19Z ANNE GRIMES RAND PO BOX 291812 BOSTON MA 02129 10570480 0 X HTTPS://USSCONSTITUTIONMUSEUM.ORG X 1972 MA THE USS CONSTITUTION MUSEUM SERVES AS THE MEMORY AND EDUCATIONAL VOICE OF USS CONSTITUTION. 24 24 41 66 37672 26586 2093512 2836611 1002418 1017542 108844 1101700 286876 288191 3491650 5244044 0 0 0 0 1958513 2210185 281000 248000 979538 1232154 1595912 3471667 4054097 19983 1189947 12935308 14797709 500845 573247 12434463 14224462 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 1483905 0 1263633 EDUCATION/VISITATION THE USS CONSTITUTION MUSEUM WELCOMED 306,689 VISITORS DURING FY24, INCLUDING OVER 15,000 STUDENTS 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 SET 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 MAY 2023, THE MUSEUM RECEIVED THE WALTER CRONKITE AWARD FOR EXCELLENCE IN MARITIME EDUCATION FROM THE NATIONAL MARITIME HISTORICAL SOCIETY. 688641 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 THE 1812 CREW. "FOREST TO FRIGATE" COMBINES HISTORY AND STEM CHALLENGES TO EXPLORE SHIP DESIGN AND CONSTRUCTION. "OLD IRONSIDES IN WAR IN PEACE" TRACES CONSTITUTION'S 225 YEAR HISTORY. "JOIN THE CREW" IS AN INTERACTIVE ONLINE EXHIBIT. IN FY24, THE MUSEUM OPENED "HONOR, COURAGE, COMMITMENT," A NEW EXHIBIT TRACING THE JOURNEY OF NAVY SAILORS FROM ENLISTMENT TO BOOTCAMP TO JOINING THE FLEET AROUND THE WORLD. THE MUSEUM ALSO HOSTED THE 44TH ANNUAL MASTERS OF MINIATURE MODEL SHOW WITH A COMPLEMENTARY PHOTO SHOW. 342718 0 35215 COLLECTIONS - THE MUSEUM HOUSES THE LARGEST COLLECTION OF USS CONSTITUTION-RELATED OBJECTS IN THE WORLD 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. THE MUSEUM PROTECTS, PRESERVES AND DISPLAYS SELECTIONS OF ITS 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 11TH CONSECUTIVE YEAR. 2515264 1 1 0 1 0 0 0 1 0 1 1 0 0 1 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 23 0 41 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 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 (THRU 9/27/23) 4.00 X X 0 0 0 STEPHEN J O'LEARY III VICE CHAIRMAN/DIRECTOR(THRU 9/27/23) 2.00 X X 0 0 0 DANIEL E SMITH VICE CHAIRMAN/DIRECTOR 4.00 X X 0 0 0 ALISON NOLAN VICE CHAIRMAN/DIRECTOR 4.00 X X 0 0 0 W KARL BAKER DIRECTOR 2.00 X 0 0 0 BRUCE A BLESSINGTON TREASURER/DIRECTOR 4.00 X X 0 0 0 PAUL B FERRARO DIRECTOR 2.00 X 0 0 0 DANIEL KAUFMAN DIRECTOR (THRU 9/27/23) 2.00 X 0 0 0 NANCY KELLEHER DIRECTOR 2.00 X 0 0 0 DENNIS LANGWELL-DIRECTOR FULL YEAR)/CHAIRMAN (ELECTED 9/27/23) 4.00 X X 0 0 0 FRANK MORSE DIRECTOR 2.00 X 0 0 0 PAUL K MUTCH DIRECTOR (THRU 9/27/23) 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 4.00 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 2.00 X 0 0 0 JESSICA STEBBINS DIRECTOR 2.00 X 0 0 0 JOHN FITZGERALD DIRECTOR 2.00 X 0 0 0 DEAN H STEEGER DIRECTOR (ELECTED 9/27/23) 4.00 X 0 0 0 DENNIS J WHITE DIRECTOR (ELECTED 9/27/23) 4.00 X 0 0 0 ANNE GRIMES RAND PRESIDENT/CEO 40.00 X 183645 0 23191 JACQUELINE HIBBARD SVP/COO/CFO 40.00 X 164088 0 18040 SARAH BUDLONG DIRECTOR OF DEVELOPMENT 40.00 X 102617 0 1689 SHARLENE SONES - DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 X 100422 0 12948 550772 0 55868 4 0 1 0 CCS FUNDRAISING 155 FEDERAL ST 306 BOSTON MA 02110 PROFESSIONAL FUNDRAISING 204000 PARIS LEAF LLC 710 NE 3RD AVE GAINESVILLE FL 32601 BRAND STRATEGY & DESIGN 154233 CAMBRIDGE SEVEN ASSOCIATES 20 UNIVERSITY ROAD CAMBRIDGE MA 02138 ARCHITECTURAL SERVICES 126868 3 36445 277848 517284 2005034 70465 2836611 ADMISSIONS 900099 982327 982327 CURATORIAL 900099 35215 35215 1017542 225698 225698 30386 0 30386 30386 30386 6017258 5141256 876002 876002 876002 67304 277848 128477 -61173 -61173 375681 56703 318978 281306 37672 5244044 1298848 37672 1070913 X 402988 154271 163077 85640 1515772 1168891 123109 223772 21628 20342 1286 123228 105535 7232 10461 146569 106943 21385 18241 1651 1651 98983 98983 60000 60000 248000 248000 30433 30433 455943 197911 21363 236669 9183 9183 132163 89628 22486 20049 99808 48910 22128 28770 332355 303890 14901 13564 29455 16830 4978 7647 35117 35117 133351 132540 811 64097 59610 3205 1282 COLLECTIONS, EXHIBITS & 63030 63030 BANK & CREDIT CARD FEES 25771 177 3626 21968 MEMBERSHIP DUES & SUBSC 13512 2456 9678 1378 FEDERAL & STATE UBI TAX 11060 11060 4054097 2515264 559295 979538 556955 913848 2221221 2446183 442359 439431 27412 24881 47139 28972 27695 24901 5085947 4045275 1015491 1040672 7944435 8861349 52510 19720 600091 997752 12935308 14797709 307020 424823 6231 7001 187594 141423 500845 573247 X 3136431 3227696 9298032 10996766 12434463 14224462 12935308 14797709 X 1189947 237289 362763 X X 0 1 X 1 0 X 1859966 2165544 3387299 2078512 2836611 12327932 32954 68281 99271 11902 0 212408 1892920 2233825 3486570 2090414 2836611 12540340 3440722 9099618 192657 131489 254032 181993 256084 1016255 10412 669 17806 24789 27586 81262 13637857 4995090 0.66720 0.70150 X SCHEDULE A PART II SECTION A LINE 1 THE AMOUNT OF CONTRIBUTIONS REPORTED FOR TAX YEARS 2021 & 2022 (LINES 1(C) & 1(D)) HAVE BEEN ADJUSTED FROM WHAT WAS REPORTED ON THOSE YEARS ORIGINAL RETURNS TO REFLECT THE LOSS ON UNCOLLECTIBLE PLEDGES OF $3,000 & $15,000, RESPECTIVELY, THAT HAVE BEEN REPORTED ON PART XI LINE 9 AND THE RELATED DETAIL ON SCHEDULE O ON THE 2022 TAX YEAR FORM 990 AND THIS YEAR'S FORM 990, RESPECTIVELY. THE $3,000 OF UNCOLLECTIBLE PLEDGES RELATED TO FY22 (TAX YEAR 2021) AND THE $15,000 OF UNCOLLECTIBLE PLEDGES RELATED TO FY23 (TAX YEAR 2022). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 71592 71592 3686426 3758018 337901 84475 0 0 323023 337901 660924 991386 66397 71592 137989 80756 84475 165231 247847 0 0 0 X X X 0 7747148 8000 1207471 335285 8627334 8926752 4716 -842104 342216 7747148 8517963 92952 623961 308124 8926752 6244539 95752 2478224 300552 8517963 7397448 75770 -271083 940527 17069 6244539 0.06373 0.58844 0.34783 0 0 2707938 1738162 969776 314765 259856 54909 2063244 2047257 15987 1040672 TRUST RESIDUARY 962748 OPERATING LEASE RIGHT-OF-USE ASSET, NET 35004 997752 ANNUITY PAYABLE 105419 OPERATING LEASE LIABILITY 35004 REFUNDABLE ADVANCE 1000 141423 6032383 237289 18540 562943 818772 5213611 30433 30433 5244044 4242384 18540 200180 218720 4023664 30433 30433 4054097 PART III, LINE 1A: THE MUSEUM'S 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) 56,703. SPECIAL EVENTS 128,477. UNREALIZED GAIN ON TRUST RESIDUARY 389,748. ANNUITY LIABILITY REVALUATION ADJUSTMENT -11,985. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (RETAIL OPERATIONS) 56,703. SPECIAL EVENTS 128,477. LOSSES ON UNCOLLECTIBLE PLEDGES 15,000. 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 248000 -248000 248000 -248000 MA NY GOLDEN GALA 308017 247119 60898 83643 15312 COLLECTIONS OPEN HOUSE 27345 21995 5350 7989 3559 1 9790 8734 1056 11388 6586 345152 277848 67304 103020 25457 128477 -61173 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, 2024, THERE WERE NO REIMBURSEABLE EXPENSES. THE FULL $248,000 WAS FOR SERVICES RENDERED. X X X 0 0 0 0 0 0 0 1 0 ANNE GRIMES RAND PRESIDENT/CEO 173387 0 10000 0 258 0 4492 0 18699 0 206836 0 0 0 JACQUELINE HIBBARD SVP/COO/CFO 158830 0 5000 0 258 0 4116 0 13924 0 182128 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/CEO, SVP/CHIEF OPERATING & FINANCE OFFICER (COO/CFO), DIRECTOR OF DEVELOPMENT & DIRECTOR OF MARKETING & COMMUNICATIONS 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, DIRECTOR OF DEVELOPMENT'S & DIRECTOR OF MARKETING & COMMUNICATION'S BONUSES ARE APPROVED BY THE PRESIDENT. X 6 70465 MARKET QUOTATION X 3 1 0 1 0 PART I, COLUMN (B): THERE WERE 6 SEPARATE STOCK DONATIONS DURING THE FISCAL YEAR ENDED MARCH 31, 2024. ONE DONOR DONATED SHARES OF STOCK OF 4 DIFFERENT COMPANIES, ONE DONOR DONATED SHARES OF STOCK OF 1 COMPANY AND ANOTHER DONOR DONATED SHARES OF STOCK OF ANOTHER COMPANY. 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 FY24, THE MUSEUM RECEIVED 3 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 IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 26,208. MANAGEMENT AND GENERAL EXPENSES 20,883. FUNDRAISING EXPENSES 236,189. TOTAL EXPENSES 283,280. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 2,763. MANAGEMENT AND GENERAL EXPENSES 480. FUNDRAISING EXPENSES 480. TOTAL EXPENSES 3,723. ARCHITECT: PROGRAM SERVICE EXPENSES 168,940. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,940. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON TRUST RESIDUARY 389,748. ANNUITY LIABILITY REVALUATION ADJUSTMENT -11,985. LOSSES ON UNCOLLECTIBLE PLEDGES -15,000. 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.