2024-11-12T16:11:26-06:00 2023-12-31 043279444 TSOUTSOURAS & COMPANY PC 78 CENTRAL STREET IPSWICH MA 01938 990 2023-01-01 046040661 IPSWICH MUSEUM INC IPSW 9783562811 54 SOUTH MAIN STREET IPSWICH MA 01938 LAWRENCE J PSZENNY TREASURER 9783564914 2024-10-31 1 0 JOHN J TSOUTSOURAS P00449952 9783560332 2024-10-31 2023 2024-10-15 13:58:12Z LAWRENCE J PSZENNY 136 COUNTY ROAD IPSWICH MA 01938 332162 0 X WWW.IPSWICHMUSEUM.ORG X 1898 MA EDUCATE THE PUBLIC REGARDING THE HISTORY OF IPSWICH MASSACHUSETTS 12 12 6 60 0 0 151877 126776 17558 13613 54684 39521 2914 1811 227033 181721 0 0 0 0 93729 92171 0 0 0 110849 117596 204578 209767 22455 -28046 1643143 1813342 2817 31 1640326 1813311 EDUCATE THE PUBLIC REGARDING THE HISTORY OF IPSWICH, MASSACHUSETTS 0 0 152114 8937 OPERATION OF TWO MUSEUM BUILDINGS, THE WATERS MEMORIAL AND WHIPPLE HOUSE, HISTORIC BUILDINGS WITH ANTIQUE FURNISHINGS TO EDUCATE THE PUBLIC REGARDING HISTORY AND THE NEED FOR PRESERVATION OF HISTORIC ARTIFACTS. 2668 3536 BOOK AND COMMEMORATIVE ITEM SALES DOCUMENTING THE HISTORY OF IPSWICH, MA 518 1140 OPERATION OF THE DOW ARTS EDUCATION PROGRAM. 155300 1 1 0 0 0 0 0 1 0 0 1 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 0 0 1 8 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA X LAWRENCE J PSZENNY 9783562811 54 SOUTH MAIN STREET IPSWICH MA 01938 X MARCIA GRAY SECRETARY/TRUSTEE 4.00 X X 0 0 0 STEPHANIE GASKINS PRESIDENT/TRUSTEE 25.00 X X 0 0 0 BOYD FINCH TRUSTEE 2.00 X 0 0 0 PRUDENCE MARKOS TRUSTEE 5.00 X 0 0 0 LAWRENCE PSZENNY TREASURER/TRUSTEE 10.00 X X 0 0 0 CARY PERRY 2ND VP/TRUSTEE 4.00 X X 0 0 0 WILLIAM CALLAHAN 1ST VP/TRUSTEE 3.00 X X 0 0 0 CONNIE JAMES TRUSTEE 2.00 X 0 0 0 TOM BLAKE TRUSTEE 3.00 X 0 0 0 ANNE CARROLL TRUSTEE 2.00 X 0 0 0 SCOTT JEWELL TRUSTEE 8.00 X 0 0 0 PHIL GOLDEN TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 21909 104867 13285 126776 MUSEUM ADMISSIONS 900099 8937 8937 BOOK SALES-IPSWICH HIS 900099 3536 3536 EDUCATION PROGRAM - TU 900099 1140 1140 13613 21809 21809 165937 148225 17712 17712 17712 4027 10283 2216 1811 1811 181721 13613 0 41332 85619 70864 14755 6552 5242 1310 1195 1195 10180 10180 1016 1016 23941 13768 10173 60146 58947 1199 1448 1448 13358 13358 COST OF BOOKS & MERCHAN 2668 2668 TELEPHONE 2561 1280 1281 COLLECTION & MUSEUM EXP 1083 1083 209767 155300 54467 0 300 680 316094 56788 120442 907 119535 119535 1207214 1636339 1643143 1813342 2817 31 2817 31 X 1479836 1656442 160490 156869 1640326 1813311 1643143 1813342 X -28046 198327 2704 X 1 X 0 0 0 X 128568 114932 148484 142916 116493 651393 38829 2937 18945 17560 13613 91884 19975 3136 14413 13537 14310 65371 187372 121005 181842 174013 144416 808648 56951 43732 62800 68521 33012 265016 15250 15250 56951 43732 62800 68521 48262 280266 528382 12552 17774 17399 17759 21809 87293 12552 17774 17399 17759 21809 87293 199924 138779 199241 191772 166225 895941 0.58980 0.58920 0.09740 0.08240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 119535 119535 907 907 0 119535 SALES TAX PAYABLE 31 31 PART III, LINE 1A: THE FINANCIAL STATEMENTS DO NOT REFLECT THE VALUE OF DONATED HISTORICAL COLLECTION ITEMS. COLLECTION ITEMS INCLUDE FURNISHINGS, ART AND OTHER HISTORICAL ARTIFACTS THAT THE IPSWICH MUSEUM INC MAINTAINS AND PRESERVES FOR PUBLIC DISPLAY AND EDUCATION. PROCEEDS FROM DEACCESSED COLLECTION ITEMS ARE USED TO ACQUIRE OR MAINTAIN OTHER COLLECTION ITEMS. PART III, LINE 4: THE ORGANIZATION OPERATES TWO PROPERTIES AS MUSEUMS TO EDUCATE THE PUBLIC ON THE HISTORY OF IPSWICH AND TO PRESERVE HISTORICAL COLLECTIONS. THE BUILDINGS CONTAIN FURNISHINGS, ART, AND OTHER HISTORICAL ARTIFACTS FOR PUBLIC DISPLAY AND EDUCATION. SCHEDULE D PART X LINE 2 SCHEDULE D PART X LINE 2 - IM IS EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS A PUBLICLY SUPPORTED ORGANIZATION AS DEFINED IN IRS SECTION 509(A)(2). IM MAY, HOWEVER, INCUR A TAX LIABILITY ON CERTAIN ANCILLARY ACTIVITIES. THERE WAS NO SUCH LIABILITY FOR 2023. IN ACCORDANCE WITH ASC 740 -INCOME TAXES, IM RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. IN ADDITION, INTEREST AND PENALTIES ARE ACCRUED ON ANY UNRECOGNIZED TAX BENEFIT FROM UNCERTAIN TAX POSITIONS. TAX YEARS 2020, 2021, 2022 AND 2023 ARE WITHIN THE STATUTE OF LIMITATIONS AND ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE JURISDICTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ARE COMPRISED OF ANY PERSON INTERESTED IN THE PURPOSES FOR WHICH THE ORGANIZATION IS INCORPORATED AND WHO MAKES A PAYMENT OF THE ANNUAL DUES FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING THE MEMBERS WHO ATTEND ELECT THE BOARD OF TRUSTEES AND DIRECTORS OF THE ORGANIZATION. AT THE PRESENT TIME THERE IS ONLY ONE CLASS OF MEMBERS AND THEY ALL HAVE THE SAME VOTING RIGHT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO BEING FILED FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS CONFLICT OF INTEREST STATEMENTS MUST BE COMPLETED, SIGNED AND SUBMITTED TO THE BOARD FOR REVIEW. THE STATEMENT IDENTIFIES POSSIBLE CONFLICTS. THE BOARD REVIEWS THE STATEMENTS AND DETERMINES ANY APPROPRIATE ACTION THAT MAY BE NEEDED GIVEN A PARTICULAR SITUATION FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE PRESIDENT PERFORMS A REVIEW OF THE EXECUTIVE DIRECTOR AND BASED ON PERFORMANCE AND COMPARABLE DATA, PRESENTS A RECOMMENDATION ON COMPENSATION TO THE BOARD FOR APPROVAL. SIMILARLY, THE EXECUTIVE DIRECTOR PERFORMS REVIEWS ON THE OTHER EMPLOYEES AND BASED ON PERFORMANCE AND COMPARABLE DATA, PRESENTS A RECOMMENDATION ON COMPENSATION TO THE BOARD FOR APPROVAL. APPROVAL OF COMPENSATION IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: ADD: BOOK PARTNERSHIP INCOME 2,376. ADD: NONDIVIDEND DISTRIBUTION 328.