2024-05-02T08:15:25-05:00 2023-06-30 201260740 STOLBERG EBBELING & BLANCHETTE LLP 41 ELM STREET WORCESTER MA 016092573 990 2022-07-01 042105858 WORCESTER HISTORICAL MUSEUM WORC 5087538278 30 ELM STREET WORCESTER MA 01609 WILLIAM WALLACE EXECUTIVE DIRECTOR 5087538278 2024-04-24 1 WILLIAM WALLACE XXX-XX-XXXX 0 GLENN M CREAVEN CPA P01215518 5083633000 2024-04-24 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM WALLACE 30 ELM STREET WORCESTER MA 01609 5960544 0 X WORCESTERHISTORY.ORG X 1977 MA TO ENHANCE THE APPRECIATION AND KNOWLEDGE OF THE GENERAL PUBLIC IN THE AREA OF LOCAL HISTORICAL WORKS OF ART. 24 23 20 50 0 0 1834953 2039804 54079 44701 1136669 -74686 11977 12470 3037678 2022289 0 0 0 0 824318 804399 0 0 181234 1099271 1229244 1923589 2033643 1114089 -11354 17383534 18267013 632203 115071 16751331 18151942 X WORCESTER HISTORICAL MUSEUM IS A UNIQUE ORGANIZATION DEDICATED TO COLLECTING, PRESERVING, AND INTERPRETING WORCESTER'S HISTORY IN ALL TIME PERIODS AND SUBJECT AREAS. 0 0 284915 44701 EXHIBITS - THE MUSEUM PRESENTED A FULL CALENDAR OF LARGE AND SMALL EXHIBITIONS INCLUDING: "WE ALL GOT HISTORY," FOR WORCESTER 300 "REPRESENTING WORCESTER: HARRIETTTE L. CHANDLER" WORCESTER TORNADO - 70TH ANNIVERSARY JOHN HANCOCK'S TRUNK PAINT & PENCIL: 170 YEARS OF C.C. LOWELL EACH EXHIBIT WAS ACCOMPANIED BY VARIOUS PROGRAMS-DEMONSTRATIONS, DISCUSSIONS, LECTURES, ETC. IN ADDITION, INTENSIVE PREPARATION (RESEARCH, DESIGN, ETC.) WAS UNDERTAKEN FOR THE MAY 2024 EXHIBIT "SOMOS WORCESTER," THE HISTORY OF WORCESTER'S LATINO COMMUNITY. ON-LINE EXHIBITS IN WORCESTER'S COVID-19 CHRONICLES AND "FOR THE RECORD, THE LGBTQ+ HISTORY OF WORCESTER.THE MUSEUM WAS PRESENTED WITH A 2023 AWARD OF EXCELLENCE FROM THE AMERICAN ASSOCIATION FOR STATE AND LOCAL HISTORY FOR THE EXHIBIT "PRETTY POWERFUL: 100 YEARS OF VOTING & STYLE" 153932 COLLECTIONS - THE MUSEUM'S COLLECTION OF MORE THAN 30,000 PHYSICAL OBJECTS EXPANDED DURING THE YEAR TO INCLUDE A ROYAL WORCESTER, CA. 1920, WORCESTER-MADE CORSET, A LEGO MODEL OF SALISBURY MANSION, COGHLIN'S COMPANY'S CENTENNIAL HISTORY PAINTING BY A REGIONAL ARTIST, A MOSCHINO SAFETY PIN DRESS, THIRTEEN PERIOD OIL ON CANVAS PORTRAITS OF INDIVIDUALS WHO SERVED AS PRESIDENTS OF THE WORCESTER COUNTY HORTICULTURAL SOCIETY, THE 2010 MISS GAY WORCESTER PAGEANT TIARA, WOMEN'S GARMENTS BY FIVE PRESENT-DAY WORCESTER CLOTHING DESIGNERS, AND SCORES OF OBJECTS ASSOCIATED WITH HARRIETTE CHANDLER'S LONG CAREER AT THE WORCESTER STATEHOUSE. A NEW CURATOR JOINED THE STAFF AND PLANS WERE BEING MADE FOR A COMPREHENSIVE COLLECTIONS CARE SURVEY FUNDED BV THE NATIONAL ENDOWMENT FOR THE HUMANITIES. 140514 LIBRARY - THE MUSEUM'S LIBRARY AND ARCHIVE CONTINUED TO GROW IN CONTENT AND EXPAND RELATIVE TO ACCESS, ALL WHILE ADDRESSING AN EVER-INCREASING ALMOST DAILY REQUESTS FOR STUDENT PROJECT ASSISTANCE, INQUIRES FROM SCHOLARLY RESEARCHERS, AND PHOTOGRAPH AND OTHER ILLUSTRATION SUPPORT FOR LOCAL GOVERNMENTAL PROJECTS, COMMERCIAL ENTERPRISES (RESTAURANT WALLS AND CORPORATE OFFICE, AS EXAMPLES). SIXTY-THREE LIBRARY VOLUNTEERS OFFERED 2,586 HOURS OF WORK, 276 EMAIL REQUESTS WERE RECEIVED, 240 IN-PERSON RESEARCH VISITORS CAME TO THE LIBRARY AND AN ADDITIONAL 218 INQUIRIES WERE RECEIVED VIA TELEPHONE. INCOMING COLLECTIONS VARIED FROM SINGLE PHOTOGRAPHS, TO COLLECTIONS OF WOMEN'S HISTORY BOOKS, TO BOXES OF MANUSCRIPTS AND PRINTED WORKS FROM THE EARLIEST YEARS OF WORCESTER'S POLISH COMMUNITY-JUST ONE EXAMPLE. 269482 ON-SITE VISITORS TOTALED 8,860 WITH AN ADDITIONAL 1,813 FROM IN-COMMUNITY PROJECTS/PRESENTATIONS. SOCIAL MEDIA AND DIGITAL IMPACTS: 11,073 UNIQUE FACEBOOK FOLLOWERS, 5057 INSTAGRAM FOLLOWERS, 113,393 WEBSITE PAGES VIEWS, AND 88,793 UNIQUE WEBSITE VISITORS. EVERY PUBLIC SCHOOL 5TH GRADER VISITED DURING THE YEAR TO PARTICIPATE IN A TWO-HOUR CULTURE LEAP-FUNDED PROJECT, AS WELL AS VISITS TO EXHIBITS AND THE LIBRARY FROM OTHER PUBLIC SCHOOL AND LOCAL COLLEGE GROUPS. 269482 848843 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 0 0 MA X THE ORGANIZATION 5087538278 30 ELM STREET WORCESTER MA 01609 DIANE GIAMPA PRESIDENT 2.00 X X 0 0 0 MICHAEL BAFARO VICE PRESIDENT 2.00 X X 0 0 0 ROBERT BLUTE III VICE PRESIDENT 2.00 X X 0 0 0 GAIL C FERREIRA PAST PRESIDENT 2.00 X X 0 0 0 THOMAS L FITZPATRICK SECRETARY 2.00 X X 0 0 0 EDGAR LUNA VICE PRESIDENT 2.00 X X 0 0 0 ROBERT E PAULSEN JR TREASURER 2.00 X X 0 0 0 PATRICIA PETERLEITNER VICE PRESIDENT 2.00 X X 0 0 0 DAVID NICHOLSON TRUSTEE 2.00 X 0 0 0 CHE ANDERSON TRUSTEE 2.00 X 0 0 0 EDWARD M AUGUSTUS JR TRUSTEE 2.00 X 0 0 0 MARK BORENSTEIN TRUSTEE 2.00 X 0 0 0 SUSAN BUTLER TRUSTEE 2.00 X 0 0 0 MARITZA CRUZ TRUSTEE 2.00 X 0 0 0 CAROLINE FOLEY TRUSTEE 2.00 X 0 0 0 VIRGINIA GLAZIER TRUSTEE 2.00 X 0 0 0 NEIL ISAKSON TRUSTEE 2.00 X 0 0 0 PATRICK LOWE TRUSTEE 2.00 X 0 0 0 MARK L SHELTON TRUSTEE 2.00 X 0 0 0 AMY SKRZEK STILLMAN TRUSTEE 2.00 X 0 0 0 JOSEPHINE RL TRUESDELL TRUSTEE 2.00 X 0 0 0 JESSICA WALSH TRUSTEE 2.00 X 0 0 0 ELIZABETH WAMBUI TRUSTEE 2.00 X 0 0 0 WILLIAM WALLACE EXECUTIVE DIRECTOR 50.00 X 140377 0 0 140377 0 0 1 0 0 0 0 20261 2019543 2039804 AUXILARY ACTIVITIES 713990 44701 44701 44701 291577 291577 3417 0 3417 3417 3417 3014174 549000 3314558 614879 -300384 -65879 -366263 -366263 3500 3500 0 13880 5318 8562 8562 MISCELLANEOUS 713990 491 491 491 2022289 44701 0 -62216 X 140377 140377 561125 206818 226896 127411 49012 14449 25661 8902 53885 15887 28211 9787 12845 12845 58000 58000 160450 160450 218592 89725 128867 11396 11396 126224 88357 37867 1218 1218 224572 168429 56143 34065 25549 8516 REPAIRS AND MAINTENANCE 122615 82353 40262 PROGRAM CONSUMABLES 113819 113819 OTHER 43326 20805 22521 SUPPLIES 40771 13454 27317 61351 30003 19953 11395 2033643 848843 1003566 181234 17602 256488 55607 1049447 159921 28581 500 9993 11935 8166359 5829218 3084961 2337141 5697214 6323407 8357736 8260014 17383534 18267013 392203 115071 240000 0 632203 115071 X 3452913 3941218 13298418 14210724 16751331 18151942 17383534 18267013 -11354 1411965 0 X 0 0 0 X 3613501 1044913 705637 1788397 1778994 8931442 3613501 1044913 705637 1788397 1778994 8931442 8931442 360587 253280 223673 484493 294994 1617027 10548469 0.84670 0.73190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 10970938 0 1193290 337207 11827021 12741391 500000 -2027855 242598 10970938 10396975 2893246 548830 12741391 11144604 8056 -221205 534480 10396975 8257000 3000100 405089 517585 11144604 0.04228 0.95772 1 0 105150 105150 6963637 5264019 1699618 485525 64736 420789 569287 500463 68824 42760 42760 2337141 MANAGED INVESTMENTS 8178243 F MONEY MARKET FUNDS 81771 F 8260014 3307543 1411968 24936 8800 1445704 1861839 160450 160450 2022289 1906929 24936 8800 33736 1873193 160450 160450 2033643 PART III, LINE 1A: AS ALLOWED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND FOLLOWING THE PRACTICES OF MANY MUSEUMS, THE MUSEUM HAS NOT CAPITALIZED ITS COLLECTION OF ITEMS OF HISTORICAL NATURE AND OTHER RELATED OBJECTS PURCHASED OR DONATED. THE COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE MUSEUM CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLLECTION ITEMS PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PART III, LINE 4: ORCESTER HISTORICAL MUSEUM (WHM) IS THE ONLY INSTITUTION DEVOTED TO LOCAL HISTORY. IT INCLUDES A RESEARCH LIBRARY OF OVER 7,000 TITLES, AN ARCHIVE THAT HOUSES THOUSANDS OF DOCUMENTS, AND A COLLECTION OF ARTIFACTS, ALL VITAL TO THE STUDY OF WORCESTER HISTORY. A FEW EXAMPLES OF WHM'S HOLDINGS INCLUDE CORRESPONDENCE OF ABOLITIONIST ABBY KELLEY FOSTER, BLACKSTONE CANAL COMPANY RECORDS, CIVIAL WAR ERA DIARIES AND LETTERS, AND ARTIFACTS RELATED TO WORCESTER'S INDUSTRIAL PAST INCLUDING EARLY WOODENWARE AND CERAMICS, WEAPONRY FROM THE COLONIAL ERA THROUGH WORLD WAR II, PAINTINGS AND SCULPTURES, AND A SIGNIFICANT COSTUME AND TEXTILE COLLECTION. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AND FUNDS DESIGNATED BY THE MUSEUM TO FUCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE MUSEUM CLASSIFIES AS DONOR-RESTRICTED NET ASSETS (A) THE ORIGIONAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGIONAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUNDS IS CLASSIFIED AS EXPENDABLE NET ASSETS WITH DONOR RESTRICTIONS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE MUSEUM IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, THE MUSEUM MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE MUSEUM AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE MUSEUM; AND THE INVESTMENT POLICIES OF THE MUSEUM. THE MUSEUM HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PRGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN PORTFOLIO OF DEBT AND EQUITY SECURITIES WITH THE OBJECTIVE OF ACHIEVING LONG-TERM CAPUTAL APPRECIATION WHILE MODERATING THE LEVEL OF INVESTMENT RISK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VAY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE MUSEUM RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECUATUIB (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE MUSEUM HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENT OT ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE MUSEUM HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION OF EACH YEAR 5% OF THE AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED FOR THE FIVE YEARS PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE MUSEUM CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMNT. THIS IS CONSISTENT WITH THE MUSEUM'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTUONS REQUIRE THE MUSEUM TO RETAIN AS A FUND OF PERPETUAL DURATION. THE MUSEUM MAY APPROPRIATE FOR EXPENDITURE FROM THESE UNDERWATER ENDOWMENT FUNDS IN ACCOURANCE WITH THE PRUDENT MEASURES PRESCRIBED BY STATE LAW. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FUNRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FUNRAISING EXPENSES FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES CONSISTS OF 24 MEMBERS WHO MONITOR THE DAY TO DAY OPERATIONS OF THE MUSEUM. IN ADDITION TO THE BOARD OF TRUSTEES THERE ARE 97 CORPORATORS THAT ARE VOTING MEMBERS. THESE MEMBERS ELECT THE TRUSTEES WHO ARE ON THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER WILL REVIEW THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICTS OF INTEREST WOULD BE BROUGHT TO THE BOARD'S ATTENTION PER POLICY. FORM 990, PART VI, SECTION B, LINE 15A EMPLOYEES ARE REVIEWED BY HR PROFESSIONAL, WHM FINANCE COMMITTEE AND ARE TEN RECOMMENDED TO THE EXECUTIVE COMMITTEE. DIRECTORS AND OFFICERS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 AT ANY GIVEN TIME, THE ORGANIZATION HAS THE DOCUMENTS ON SITE FOR ANY ORGANIZATION MEMBER OR MEMBER OF THE PUBLIC TO VIEW IN THE MUSEUM'S ADMINISTRATIVE OFFICES. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 89,725. MANAGEMENT AND GENERAL EXPENSES 128,867. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 218,592.