2024-11-15T16:51:19-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-01-01 131592242 MARIAN AND EDWARD MACDOWELL INC MARI 6039243886 100 HIGH STREET PETERBOROUGH NH 03458 DAVID MACY ASSISTANT SECRETARY 6039243886 2024-11-15 1 0 KRISTEN CUMMINGS P01510495 6178075000 2023 2024-10-15 13:58:12Z CHIWONISO KAITANO 521 WEST 23RD STREET 2ND FLOOR NEW YORK NY 10011 27629239 0 X WWW.MACDOWELL.ORG X 1907 NY MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS (SEE SCH O)AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING. 50 50 71 85 58778 0 2219020 2506485 100464 213315 3770431 6389565 5636 65976 6095551 9175341 125242 170907 0 0 3402527 3756781 0 0 938589 2285590 2798678 5813359 6726366 282192 2448975 48219199 49235643 2436304 2439520 45782895 46796123 X MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE (SEE SCH. O)INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING. 0 0 3972230 170907 213315 APPLICATION IS OPEN TO ALL ARTISTS NOT CURRENTLY MATRICULATED AS STUDENTS. THE SOLE CRITERION FOR ACCEPTANCE IS THE ARTISTIC EXCELLENCE APPARENT IN A WORK SAMPLE SUBMITTED IN THE APPLICATION AND EVALUATED BY PEER PANEL REVIEW. MACDOWELL DEFINES ARTISTIC EXCELLENCE IN A PLURALISTIC AND INCLUSIVE WAY, ENCOURAGING APPLICATIONS FROM THE WIDEST POSSIBLE RANGE OF PERSPECTIVES, CAREER STAGES, AND DEMOGRAPHICS. WHILE IN RESIDENCE, ARTISTS RECEIVE ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR UP TO SIX WEEKS. ALL ARTISTS ARE ELIGIBLE FOR REIMBURSEMENT OF TRAVEL COSTS ASSOCIATED WITH GETTING TO AND FROM MACDOWELL. FINANCIAL ASSISTANCE AND STIPENDS OF UP TO $2,500 ARE AWARDED BASED ON FINANCIAL NEED. IN 2023 A TOTAL OF 80 ARTISTS RECEIVED FINANCIAL AID STIPENDS TOTALING $170,907. (SEE SCH O).EDUCATION AND COMMUNITY BENEFIT PROGRAMS, PUBLICATION, PRESENTATIONS AND OTHER ACTIVITIES HAVE ALLOWED MACDOWELL TO INCREASE UNDERSTANDING AND APPRECIATION OF THE ARTS FOR AN INCLUSIVE PUBLIC AUDIENCE.FOUNDED IN 1907, MACDOWELL WAS AWARDED THE NATIONAL MEDAL OF ARTS IN 1997 FOR "NURTURING & INSPIRING MANY OF THE CENTURY'S FINEST ARTISTS". 3972230 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 188 0 1 71 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 50 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH NJ NY X X THE ORGANIZATION 6039243886 100 HIGH STREET PETERBOROUGH NH 03458 ANDREW M SENCHAK PRESIDENT 5.00 X X 0 0 0 ROBERT M OLMSTED SECRETARY 5.00 X X 0 0 0 NELL PAINTER CHAIRMAN 5.00 X X 0 0 0 PETER WIRTH TREASURER 5.00 X X 0 0 0 ILEANA PEREZ VELAZQUEZ DIRECTOR 1.00 X 2000 0 0 PAUL REYES DIRECTOR 1.00 X 1000 0 0 CATHERINE INGRAHAM DIRECTOR 1.00 X 1000 0 0 JULIA SOLOMONOFF DIRECTOR 1.00 X 0 0 0 DAVID BAUM DIRECTOR 1.00 X 0 0 0 WILLIAM B BEEKMAN DIRECTOR 1.00 X 0 0 0 ELEANOR BRIGGS DIRECTOR 1.00 X 0 0 0 PETER CAMERON DIRECTOR 1.00 X 1500 0 0 CHRISTINE FISHER DIRECTOR 1.00 X X 0 0 0 SARAH GARLAND-HOCH DIRECTOR 1.00 X 0 0 0 ELIZABETH F GAUDREAU DIRECTOR 1.00 X 0 0 0 LAWRENCE HARRIS DIRECTOR 1.00 X 0 0 0 LEWIS HYDE DIRECTOR 1.00 X 0 0 0 JULIA JACQUETTE DIRECTOR 1.00 X 0 0 0 CAROL KRINSKY DIRECTOR 1.00 X 0 0 0 NOEL ALLAIN DIRECTOR 1.00 X 2000 0 0 ROBERT M LARSEN DIRECTOR 1.00 X 0 0 0 MONICA LEHNER DIRECTOR 1.00 X 0 0 0 ANNE STARK LOCHER DIRECTOR 1.00 X 0 0 0 SCOTT MANNING DIRECTOR 1.00 X 0 0 0 MOLLIE MILLER DIRECTOR 1.00 X 0 0 0 CARLOS MURILLO DIRECTOR 1.00 X 750 0 0 JULIE ORRINGER DIRECTOR 1.00 X 0 0 0 OLIVIA PARKER DIRECTOR 1.00 X 0 0 0 PETER C READ DIRECTOR 1.00 X 0 0 0 BARBARA CASE SENCHAK DIRECTOR 1.00 X 0 0 0 VIJAY SESHADRI DIRECTOR 1.00 X 0 0 0 JOSH SIEGEL DIRECTOR 1.00 X 0 0 0 ARTHUR SIMMS DIRECTOR 1.00 X 0 0 0 CHARLES F STONE III DIRECTOR 1.00 X 0 0 0 JAMIE TROWBRIDGE DIRECTOR 1.00 X 0 0 0 DARRELL HARVEY DIRECTOR 1.00 X 0 0 0 TERRANCE MCKNIGHT DIRECTOR 1.00 X 0 0 0 AMELIA DUNLOP DIRECTOR 1.00 X 0 0 0 ROSEMARIE FIORE DIRECTOR 1.00 X 0 0 0 AMY DAVIDSON SORKIN DIRECTOR 1.00 X 0 0 0 MABEL WILSON DIRECTOR 1.00 X 0 0 0 KATIE FIRTH DIRECTOR 1.00 X 0 0 0 JEANNIE SUK GERSEN DIRECTOR 1.00 X 0 0 0 EMILY NOELLE LAMBERT DIRECTOR 1.00 X 0 0 0 JULIUS TAPPER DIRECTOR 1.00 X 0 0 0 GERALD GARTNER DIRECTOR 1.00 X 0 0 0 DAN HURLIN DIRECTOR (LEFT 4/2023) 1.00 X 0 0 0 ELLIOT HOLT DIRECTOR (JOINED 4/2023) 1.00 X 0 0 0 SUSIE HACKLER DIRECTOR (JOINED 4/2023) 1.00 X 0 0 0 DAHLIA ELSAYED DIRECTOR (JOINED 4/2023) 1.00 X 2000 0 0 SAM WATHEN DIRECTOR (JOINED 11/2023) 1.00 X 0 0 0 LEVI BARRET FINANCE DIRECTOR (AS OF 6/2023) 40.00 X 62316 0 0 CHIWONISO KAITANO EXECUTIVE DIRECTOR (AS OF 2/2023) 40.00 X 185288 0 13896 DAVID MACY RESIDENT DIRECTOR 40.00 X 195882 0 40517 ANDREW ZIMMERMAN FINANCE DIRECTOR (LEFT 6/2023) 40.00 X 69399 0 11601 STACEY BOSWORTH VP OF ADVANCEMENT (LEFT 7/2023) 40.00 X 134070 0 23381 COURTNEY BETHEL ADMISSIONS DIRECTOR 40.00 X 103476 0 34296 760681 0 123691 4 0 1 0 FIDELITY BROKERAGE SERVICES LLC 900 SALEM STREET SMITHFIELD RI 02917 INVESTMENT MANAGEMENT 127554 1 636215 1870270 85321 2506485 PROGRAM EVENTS 900099 125355 125355 APPLICATION FEES 721310 87960 87960 213315 1019667 1019667 79058 58778 20280 23587785 18217887 5369898 5369898 5369898 169440 636215 236011 -66571 -66571 SOLAR ENERGY SURPLUS INCOME 900099 32705 32705 MISCELLANEOUS INCOME 900099 20784 20784 53489 9175341 213315 58778 6396763 170907 170907 589149 264859 257882 66408 2395294 1405275 482703 507316 183435 104480 40317 38638 380857 231661 84348 64848 208046 116380 52608 39058 4895 4895 30500 30500 129554 129554 169583 108725 60224 634 74073 48485 20738 4850 182932 38382 81376 63174 196463 187218 8568 677 69088 47282 14945 6861 167213 9849 140949 16415 494877 308057 167260 19560 136114 46215 88271 1628 LOSS ON COLLECTIONS 478000 478000 FOOD 234211 170807 63404 REPAIRS & MAINTENANCE 189085 126462 58708 3915 SMALL EQUIPMENT 178082 68797 68082 41203 64008 40389 23619 6726366 3972230 1815547 938589 684623 528495 65492 3845120 113900 660403 22924 48925 123689 84039 19026411 9547167 9847823 9479244 36881462 34589417 479286 0 48219199 49235643 283596 345158 2132243 2081897 20465 12465 2436304 2439520 X 18888400 17470793 26894495 29325330 45782895 46796123 48219199 49235643 2448975 -1435747 0 X X 0 1 X 1 0 X 5992168 2517039 2857164 2219020 2506485 16091876 5992168 2517039 2857164 2219020 2506485 16091876 2256312 13835564 1108986 878663 938043 956927 1039947 4922566 18392 18392 27552 12194 39086 47186 53489 179507 21212341 429949 0.65220 0.64920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 27,552. 2020 AMOUNT: $ 12,194. 2021 AMOUNT: $ 39,086. 2022 AMOUNT: $ 47,186. 2023 AMOUNT: $ 53,489. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 28207650 100 3261940 1099610 30370080 45105660 33577 -3527923 13403664 28207650 41058023 179651 7163153 78750 3089248 127169 45105660 40034359 333273 2466388 68800 1604403 102794 41058023 31743159 2943645 8366876 118366 2803832 97123 40034359 0.07454 0.48779 0.43767 0 0 104996 104996 16560269 7778640 8781629 752326 441962 310364 1608820 1326565 282255 9479244 REFUNDABLE ADVANCE 12465 12465 X 7242786 -1435747 44175 -411429 -1803001 9045787 129554 129554 9175341 6229558 44175 66571 110746 6118812 129554 478000 607554 6726366 PART III, LINE 1A: IN 2023, THE ORGANIZATION ADOPTED A NEW ACCOUNTING POLICY FOR ITS COLLECTIONS IN ACCORDANCE WITH ASC 958-360. UNDER THE NEW POLICY, COLLECTIONS WILL NO LONGER BE RECOGNIZED AS ASSETS IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS CHANGE IN ACCOUNTING POLICY HAS BEEN APPLIED PROSPECTIVELY. AS A RESULT, TRANSACTIONS AND BALANCES RELATED TO COLLECTIONS ARE RECORDED UNDER THE NEW POLICY FROM THE EFFECTIVE DATE FORWARD. THE PROSPECTIVE ADOPTION MEANS THAT THERE IS NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR PERIODS PRIOR TO THE DATE OF ADOPTION, AND NO ADJUSTMENT TO BEGINNING NET ASSETS IS NECESSARY. AS OF THE EFFECTIVE DATE, THE TOTAL COLLECTIONS PREVIOUSLY RECOGNIZED AS ASSETS WERE $478,000, OF WHICH $150,000 WERE DONOR RESTRICTED. THE REDUCTION IN THE VALUE OF THE ASSET IS DISCLOSED ON THE ORGANIZATION'S CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2023, AS A LOSS ON COLLECTIONS. PART III, LINE 4: MACDOWELL'S WORKS OF ART ARE UTILIZED FOR ITS CULTURAL AND EDUCATIONAL PURPOSES AND ARE ON DISPLAY IN MACDOWELL'S LIBRARY. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF VARIOUS INDIVIDUAL FUNDS, BOTH DONOR-RESTRICTED AND BOARD DESIGNATED, ESTABLISHED TO SUPPORT A VARIETY OF PURPOSES, INCLUDING: FELLOWSHIPS, ARTIST STIPENDS, FELLOWS' TRAVEL, BALDWIN LIBRARY OPERATIONS, AND STUDIO AND BUILDING MAINTENANCE. THE ENDOWMENT ALSO INCLUDES UNRESTRICTED FUNDS WHICH SUPPORT MACDOWELL'S GENERAL OPERATIONS. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FASB ASC 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 66,571. LOSS ON COLLECTIONS -478,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 66,571. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON COLLECTIONS 478,000. NATIONAL BENEFIT DINNER 738455 585959 152496 143220 82781 NH BENEFIT DINNER 67200 50256 16944 1248 1000 7762 805655 636215 169440 143220 1248 1000 90543 236011 -66571 1 FINANCIAL AID 80 170907 PART I, LINE 2: ARTISTS ACCEPTED FOR A RESIDENCY APPLYING FOR FINANCIAL AID ARE ASKED TO SUPPLY THE FIRST TWO PAGES OF THEIR MOST RECENT INCOME TAX RETURN WITH A BREIF EXPLANATIONS OF NEED. AWARDS ARE BASED ON FINANCIAL NEED. GRANTS ARE LIMITED TO NOT MORE THAN $2,500 PER PERSON. THE AMOUNT AWARDED IS AT THE DISCRETION OF THE MACDOWELL GRANT COMMITTEE, MADE UP OF STAFF AND BOARD MEMBERS. THE AWARD RECEIPIENTS MUST INCLUDE THE AWARD AMOUNT IN THEIR TAXABLE INCOME IN THE YEAR OF RECEIPT. 1 X X X 0 0 0 0 0 0 0 0 0 DAVID MACY RESIDENT DIRECTOR 195882 0 0 0 0 0 19588 0 20929 0 236399 0 0 0 CHIWONISO KAITANO EXECUTIVE DIRECTOR (AS OF 2/2023) 185288 0 0 0 0 0 0 0 13896 0 199184 0 0 0 STACEY BOSWORTH VP OF ADVANCEMENT (LEFT 7/2023) 134070 0 0 0 0 0 11197 0 12184 0 157451 0 0 0 PART I, LINE 3 COMPENSATION SURVEYS AND FORM 990 OF OTHER ORGANIZATIONS ARE USED TO DETERMINE EXECUTIVE COMPENSATION. ANNUALLY THE BOARD PRESIDENT REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION AMOUNTS SET BY THE BOARD PRESIDENT OR COMPENSATION COMMITTEE, AND A WRITTEN REVIEW LETTER AND LETTER OF SALARY INCREASES IS MAINTAINED IN ALL EMPLOYEE PERSONNEL FILES. IN 2021, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY ANALYSIS FOR STAFF POSITIONS TO THE COMPENSATION AND EXECUTIVE STAFF COMMITTEES. X 8 85321 FMV AT DATE OF GIFT 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTOR MEMBERS ANDREW SENCHAK AND BARBARA CASE SENCHAK ARE RELATED. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER, AND EXECUTIVE STAFF, AND THEN CIRCULATED TO THE BOARD VIA EMAIL OR WEB PORTAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS. FINANCIAL TRANSACTIONS BETWEEN MACDOWELL AND BOARD MEMBERS ARE APPROVED BY BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEYS AND FORM 990 OF OTHER ORGANIZATIONS ARE USED TO DETERMINE EXECUTIVE COMPENSATION. ANNUALLY THE BOARD PRESIDENT REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION AMOUNTS SET BY THE BOARD PRESIDENT OR COMPENSATION COMMITTEE, AND A WRITTEN REVIEW LETTER AND LETTER OF SALARY INCREASES IS MAINTAINED IN ALL EMPLOYEE PERSONNEL FILES. IN 2021, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY ANALYSIS FOR STAFF POSITIONS TO THE COMPENSATION AND EXECUTIVE STAFF COMMITTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEW HIGH STREET LLC 100 HIGH STREET PETERBOROUGH NH 03458 454279546 REAL ESTATE NH 58776 397883 MARIAN AND EDWARD MACDOWELL INC