2025-11-13T11:18:20-06:00 2024-12-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2024-01-01 046003451 NANTUCKET HISTORICAL ASSOCIATION NANT 5082281894 PO BOX 1016 NANTUCKET MA 02554 NILES PARKER EXECUTIVE DIRECTOR 5082281894 2025-11-13 1 0 BARBARA E KING P00005629 5087557107 2025-11-11 2024 2025-03-06 01:10:19Z CRAIG MUHLHAUSER PO BOX 1016 NANTUCKET MA 02554 19228662 0 X WWW.NHA.ORG X 1894 MA THE NANTUCKET HISTORICAL ASSOCIATION PRESERVES AND INTERPRETS THE HISTORY OF NANTUCKET THROUGH ITS PROGRAMS, COLLECTIONS, AND PROPERTIES, IN ORDER TO PROMOTE THE ISLAND'S SIGNIFICANCE AND FOSTER AN APPRECIATION OF IT AMONG ALL AUDIENCES. 28 28 83 50 0 0 4125502 10461898 1258076 1408942 1718859 2809558 646844 234839 7749281 14915237 0 0 0 0 3289207 3924797 0 0 1272909 5522115 4954065 8811322 8878862 -1062041 6036375 48256723 55547177 525143 448616 47731580 55098561 THE NANTUCKET HISTORICAL ASSOCIATION PRESERVES AND INTERPRETS THE HISTORY OF NANTUCKET THROUGH ITS PROGRAMS, COLLECTIONS, AND PROPERTIES, IN ORDER TO PROMOTE THE ISLAND'S SIGNIFICANCE AND FOSTER AN APPRECIATION OF IT AMONG ALL AUDIENCES. 0 0 3290725 1132571 CURATORIAL & COLLECTION CARE - IN ADDITION TO THE NHA'S EXTENSIVE COLLECTION OF ARTIFACTS, IT ALSO OWNS AND MAINTAINS 18 HISTORIC PROPERTIES, OF WHICH MANY ARE OPEN TO THE PUBLIC. OVER 100,000 VISITORS ENTER NHA PROPERTIES EACH YEAR TO VIEW ITEMS FROM THE PERMANENT COLLECTION AS WELL AS TRAVELING CHANGING EXHIBITIONS. THE CURATORIAL DEPARTMENT CONTINUES TO ACCESSION GIFTS TO THE COLLECTION AND DIGITIZE THE IMAGES OF THE COLLECTION TO MAKE THE DATABASE ACCESSIBLE WORLDWIDE THROUGH THE INTERNET. 1963193 276371 EDUCATION AND PUBLIC PROGRAMS - THE NHA OFFERS A YEAR-ROUND SCHEDULE OF DIVERSE EDUCATIONAL PROGRAMS AT ITS PROPERTIES AND IN LOCAL SCHOOLS. DURING THE SUMMER SEASON, THE NHA OFFERS DAILY EXHIBITION TOURS AND WALKING TOURS OF THE ISLAND, INTERPRETIVE PRESENTATIONS, AND PUBLIC ACCESS TO THE DISCOVERY ROOM, WHICH IS A FAMILY LEARNING CENTER. THROUGHOUT THE ENTIRE YEAR, THE NHA ALSO OFFERS A LECTURE SERIES, MANY OF WHICH ARE FREE TO THE PUBLIC. THE 1800 HOUSE, ONE OF THE NHA'S PROPERTIES IS DEDICATED TO CELEBRATING AND REVIVING NANTUCKET'S RICH TRADITION IN HISTORIC DECORATIVE ARTS AND CRAFTS. COURSES RUN FROM MAY THROUGH OCTOBER. 1085921 RESEARCH LIBRARY - THE NANTUCKET HISTORICAL ASSOCIATION RESEARCH LIBRARY IS A SPECIAL COLLECTIONS REPOSITORY OF PRIMARY RESOURCES FOCUSING ON NANTUCKET HISTORY. THE COLLECTIONS CONTAIN MORE THAN 5,000 VOLUMES AND 60,000 PHOTOGRAPHS, AS WELL AS ARCHIVAL DOCUMENTS SUCH AS SHIPS' LOGS, ACCOUNT BOOKS, FAMILY PAPERS, AND SCRAPBOOKS. 6339839 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 73 0 1 83 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X X X JOHANNA RICHARD 5082281894 15 BROAD STREET NANTUCKET MA 02554 ANNABELLE FOWLKES PRESIDENT 2.00 X X 0 0 0 CARLA MCDONALD VICE PRESIDENT 2.00 X X 0 0 0 LUCINDA BALLARD DIRECTOR 2.00 X 0 0 0 STACEY BEWKES DIRECTOR 2.00 X 0 0 0 AMANDA CROSS DIRECTOR 2.00 X 0 0 0 CAM GAMMILL DIRECTOR 2.00 X 0 0 0 GRAHAM GOLDSMITH DIRECTOR 2.00 X 0 0 0 ASHLEY GOSNELL MODY DIRECTOR 2.00 X 0 0 0 ROBERT GREENSPON DIRECTOR 2.00 X 0 0 0 WENDY HUDSON VICE PRESIDENT 2.00 X X 0 0 0 VALERIE PALEY DIRECTOR 2.00 X 0 0 0 MARLA SANFORD DIRECTOR 2.00 X 0 0 0 DENISE SAUL FRIENDS REPRESENTITIVE 2.00 X 0 0 0 SARA SCHWARTZ CLERK 2.00 X X 0 0 0 JANET SHERLUND TRUSTEE EMERITA 2.00 X 0 0 0 CARTER STEWART DIRECTOR 2.00 X 0 0 0 MELINDA SULLIVAN DIRECTOR 2.00 X 0 0 0 MICHAEL SWEENEY DIRECTOR 2.00 X 0 0 0 JASON TILROE DIRECTOR 2.00 X 0 0 0 CRAIG MUHLHAUSER TREASURER 2.00 X X 0 0 0 CONNIE CIGARRAN FRIENDS REPRESENTITIVE 2.00 X 0 0 0 LEXI GIBBS DIRECTOR 2.00 X 0 0 0 CONNIE ANNE HARRIS DIRECTOR 2.00 X 0 0 0 AYESHA KHAN DIRECTOR 2.00 X 0 0 0 MARY READ DIRECTOR 2.00 X 0 0 0 BILL RICHARDS DIRECTOR 2.00 X 0 0 0 ROBERTO SATAMARIA DIRECTOR 2.00 X 0 0 0 JOHANNA RICHARD CFO 40.00 X 225615 0 34914 NILES PARKER EXECUTIVE DIRECTOR 40.00 X 242615 0 35064 EDWIN RUDD DIRECTOR OF PROPERTIES 40.00 X 140054 0 32378 MICHAEL HARRISON RESEARCH CHAIR 40.00 X 121471 0 23426 REBECCA MILLER BOARD LIASION 40.00 X 129471 0 32090 AMY SEIP HIGHLY COMPENSATED EMPLOYEE 40.00 X 114750 0 798 MARY LACOURSIERE DIRECTOR OF EDUCATION 40.00 X 119422 0 23425 1093398 0 182095 7 0 1 0 HATCH MARKETING 46 PLYMPTON ST BOSTON MA 02118 MARKETING 149752 1 560355 1364048 2432078 6105417 10461898 ADMISSIONS 713990 1132571 1132571 EDUCATIONAL PROGRAMS 713990 276371 276371 1408942 841288 841288 532394 0 532394 532394 532394 4617280 2649010 1968270 1968270 1968270 653159 1364048 1147170 -494011 -494011 603459 517245 86214 86214 MANAGMENT FEE INCOME 713990 75000 75000 MISCELLANEOUS 713990 35242 35242 110242 14915237 1408942 0 3044397 468230 468230 2693666 2125550 86402 481714 57766 30175 15462 12129 489116 314226 53078 121812 216019 134281 45644 36094 5120 5120 23412 23412 65184 65184 262171 49299 212872 128886 85924 42962 266807 179207 39680 47920 68383 68383 1060528 925064 67732 67732 74960 41233 11163 22564 2225 2225 1321634 1123451 105664 92519 344512 247077 80500 16935 SUBCONTRACTED SERVICES 656934 656934 0 0 COLLECTION CARE 274923 274923 0 0 DUES & MEMBERSHIPS 112981 37433 28571 46977 BANK AND CREDIT CARD FE 85390 27808 27808 29774 200015 136553 22557 40905 8878862 6339839 1266114 1272909 765115 721130 436152 5095280 62566 7283 177720 144885 299182 380775 34424289 19953535 14612501 14470754 31903487 34727070 48256723 55547177 525143 448616 525143 448616 X 27492001 27330063 20239579 27768498 47731580 55098561 48256723 55547177 6036375 1330606 0 X 0 1 X 1 0 X 3720485 4500341 4105563 4125502 10461898 26913789 3720485 4500341 4105563 4125502 10461898 26913789 2216879 24696910 852255 1129161 1175731 2164917 3341952 8664016 35577805 6827688 0.69420 0.75670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0 X X X X 0 0 31903487 4073583 1250000 34727070 28652623 3882 4936982 1690000 31903487 35212745 -5810122 750000 28652623 31305587 3907158 35212745 26147633 2108654 4306800 1257500 31305587 0.40000 0.60000 0 0 29263784 15761111 13502673 4485675 4192424 293251 674830 674830 14470754 17845074 1330606 1664415 2995021 14850053 65184 65184 14915237 10478093 1664415 1664415 8813678 65184 65184 8878862 PART II, LINE 9: HISTORIC PRESERVATION OF QUAKER MEETING HOUSE, GREATER LIGHT, 1800 HOUSE, MACY WHAREHOUSE, OLD GOAL AND FIRE HOSE CART - IT IS THE PURPOSE OF THESE RESTRICTIONS TO ASSURE THAT THE EXTERIOR, ARCHITECTURAL, HISTORIC, AND CULTURAL FEATURES OF THE BUILDINGS WILL BE RETAINED AND MAINTAINED FOREVER, SUBSTANTIALLY IN THEIR CURRENT CONDITION FOR CONSERVATION AND PRESERVATION PURPOSES AND, TO PREVENT ANY CHANGES TO THE EXTERIOR OF THE BUILDINGS THAT WILL SIGNIFICANTLY IMPAIR OR INTERFERE WITH THE BUILDINGS' PRESERVATION. RESTRICTIONS, THE TERM "EXTERIOR" REFERS TO ALL ABOVE VERTICAL, HORIZONTAL AND SLOPING SURFACES COMPRISING THE EXTERNAL ENVELOPE OF THE BUILDING INCLUDING THE WALLS, ROOFS, ROOF PENETRATIONS, WINDOWS, DOORS, AND MISCELLANEOUS ARCHITECTURAL DETAILS AND COLOR SCHEMES. THERE IS NO FINANCIAL STATEMENT REPORTING FOR THESE EASEMENTS. 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 ASSOCIATION 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 ASSOCIATION CONTINUALLY REVIEWS ITS COLLECTION AND MAY DEACCESS OR ACQUIRE ADDITIONAL ITEMS. EXPENDITURES FOR ADDITIONAL COLLECTION ITEMS ARE PRESENTED AS A REDUCTION IN THE APPROPRIATE CLASS OF NET ASSETS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN UNRESTRICTED NET ASSETS. PART III, LINE 4: NANTUCKET HISTORICAL HAS AN EXTENSIVE COLLECTION OF NANTUCKET ARTIFACTS ABOUT THE ISLAND AND IT'S HISTORY. THERE IS A PERMANENT COLLECTION AS WELL AS TRAVELING EXHIBITIONS THAT CHANGE ANNUALLY. PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE ASSOCIATION TO FUNCTION 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 ASSOCIATION CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL 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 INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ASSOCIATION 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 ASSOCIATION 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 ASSOCIATION 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 ASSOCIATION; AND THE INVESTMENT POLICIES OF THE ASSOCIATION. THE ASSOCIATION 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 PROGRAMS 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 A PORTFOLIO OF DEBT AND EQUITY SECURITIES WITH THE OBJECTIVE OF ACHIEVING LONG-TERM CAPITAL APPRECIATION WHILE MODERATING THE LEVEL OF INVESTMENT RISK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. WHILE ACKNOWLEDGING THE IMPORTANCE OF PRESERVING CAPITAL, THE BOARD OF TRUSTEES ALSO RECOGNIZES THE NECESSITY OF ACCEPTING RISK IF THE FUND IS TO BE ABLE TO MEET ITS LONG-TERM INVESTMENT GOALS. IT IS THE VIEW OF THE BOARD OF TRUSTEES THAT CHOICES MADE WITH RESPECT TO ASSET ALLOCATION, LIQUIDITY AND RISK WILL BE THE MAJOR DETERMINANTS OF INVESTMENT PERFORMANCE. THE BOARD OF TRUSTEES SHALL SEEK TO ENSURE THAT THE RISKS TAKEN ARE APPROPRIATE AND COMMENSURATE WITH THE FUND'S GOALS. THE ASSOCIATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.25% OF THE THREE-YEAR AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT CALCULATED AS OF OCTOBER 31 FOR THE THREE YEARS PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE ASSOCIATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE ASSOCIATION'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 RESTRICTIONS REQUIRE THE ASSOCIATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO SUCH DEFICIENCIES AS OF DECEMBER 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: MUSEUM SHOP EXPENSES 517,245. SPECIAL EVENTS EXPENSES 1,147,170. PART XII, LINE 2D - OTHER ADJUSTMENTS: MUSEUM SHOP EXPENSES 517,245. SPECIAL EVENTS EXPENSES 1,147,170. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN EXPENSES CENTRAL AMERICA AND CARIBBEAN INVESTMENTS 2749339 0 0 0 0 0 0 2749339 0 2749339 0 0 0 0 1 0 NANTUCKET BY DESIGN 826777 459990 366787 436726 AUGUST EVENT 896294 735048 161246 627048 4 294136 169010 125126 83396 2017207 1364048 653159 1147170 1147170 -494011 MA 1 0 0 0 0 0 X 1 0 X X 1 0 0 0 0 0 0 0 0 NILES PARKER EXECUTIVE DIRECTOR 220000 220000 22615 22615 0 0 6618 6618 28446 0 277679 249233 0 0 JOHANNA RICHARD CFO 184000 184000 41615 41615 0 0 6468 6468 28446 0 260529 232083 0 0 EDWIN RUDD DIRECTOR OF PROPERTIES 123050 123050 17004 17004 0 0 3932 3932 28446 0 172432 143986 0 0 REBECCA MILLER BOARD LIASION 115000 115000 14471 14471 0 0 3644 3644 28446 0 161561 133115 0 0 PART I, LINE 1A THE ASSOCIATION REQUIRES, AS A CONDITION OF EMPLOYMENT, THAT THE DIRECTOR RESIDE IN ONE OF THE ASSOCIATION'S PROPERTIES SO THAT THE DIRECTOR CAN USE THE HOME TO HOLD MEETINGS AND OTHER FUNCTIONS FOR THE CONVENIENCE OF THE ASSOCIATION AND THE FURTHERANCE OF HIS DUTIES. THE ASSOCIATION AGREES THAT SUCH HOUSING MUST BE SUFFICIENT TO ACCOMMODATE THE DIRECTOR AND SPOUSE, IT BEING THE INTENTION OF THE PARTIES THAT THE HOUSING SHALL BE OCCUPIED ONLY BY THE DIRECTOR, HIS IMMEDIATE FAMILY AND THEIR SHORT-TERM GUESTS UNLESS OTHERWISE SPECIFICALLY AGREED. THE DIRECTOR AGREES TO BE RESPONSIBLE FOR ALL UTILITY EXPENSES, TELEPHONE AND TRASH REMOVAL IN CONNECTION WITH SUCH HOUSING, AND TO MAKE NO MATERIAL CHANGE TO THE BUILDING WITHOUT THE CONSENT OF THE PRESIDENT OF THE BOARD. THE DIRECTOR ACKNOWLEDGES THAT THE ASSOCIATION ASSUMES NO LIABILITY WITH RESPECT TO THE DIRECTOR'S PERSONAL PROPERTY, WHICH THE DIRECTOR AGREES SHALL BE HIS RESPONSIBILITY TO INSURE. WITHIN 30 DAYS OF THE TERMINATION OF THIS AGREEMENT, THE DIRECTOR SHALL VACATE THE HOUSING, LEAVING IT IN THE SAME CONDITION AS IT WAS AT THE TIME HE COMMENCED THE HOUSING, REASONABLE WEAR AND TEAR EXPECTED. X 292 0 GAAP 0 1 0 PART I, LINE 33: SCHEDULE M, LINE 33, NO AMOUNT REPORTED IN REVENUE RELATED TO THE CONTRIBUTIONS OF ART AND HISTORICAL ARTIFACTS ON THE ORGANIZATIONS FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G OR SCHEDULE M, PART I BECAUSE THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTION AS ALLOWED UNDER SFAS 116. FORM 990, PART VI, SECTION A, LINE 6 THIS CORPORATION HAS MEMBERS THAT ELECT TRUSTEES AND AMEND BY-LAWS, FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIP OF THE ASSOCIATION SHALL CONSIST OF THOSE PERSONS WHO HAVE PAID MEMBERSHIP DUES DURING THE CURRENT FISCAL YEAR AND LIFE MEMBERS. MEMBERSHIP CATEGORIES AND DUES SHALL BE DETERMINED BY THE BOARD OF TRUSTEES. EACH MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE AT ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, WHICH MUST BE CAST IN PERSON. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE ASSOCIATION MAY NOMINATE AND ELECT TRUSTEES, AMEND THE BY-LAWS AND TAKE SUCH OTHER ACTIONS AS ARE LAWFUL AND APPROPRIATE AT THE ANNUAL MEETING OR ANY SPECIAL MEETING. AT THE ANNUAL MEETING, THE COMMITTEE ON TRUSTEES AND GOVERNANCE SHALL NOMINATE CANDIDATES FOR ELECTION AS TRUSTEES BY THE MEMBERSHIP. THE NAMES OF THE PERSONS NOMINATED SHALL HAVE BEEN POSTED AT THE ASSOCIATION'S HEADQUARTERS AND SHALL BE MAILED TO ALL MEMBERS OF THE ASSOCIATION AT THEIR ADDRESS SHOWN ON THE BOOKS OF THE ASSOCIATION AT LEAST FOURTEEN DAYS PRIOR TO THE ANNUAL MEETING. ADDITIONAL NOMINATIONS MAY BE MADE BY ANY MEMBER OF THE ASSOCIATION IN WRITING, DELIVERED TO THE PRINCIPAL OFFICE OF THE ASSOCIATION AT LEAST THIRTY DAYS PRIOR TO THE ANNUAL MEETING, ACCOMPANIED BY THE WRITTEN CONSENT OF THE PROPOSED NOMINEE. NO OTHER NOMINATIONS SHALL BE ACCEPTED EXCEPT AS SET FORTH IN THIS SECTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE CIRCULATED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CODE IS AT THE FOREFRONT AS THEY REVIEW NEW EMPLOYEES, RECRUIT NEW MEMBERS OF THE BOARD, SELECT SUBCONTRACTORS, AND SUCH. EACH DEPARTMENT HEAD IS COGNIZANT OF THE REQUIRMENT WITHIN THE POLICY AND MONITORS THEIR STAFF. IN ADDITION, EMPLOYEES AND MEMBERS OF THE BOARD SIGN AN ACKNOWLEDGEMENT FORM THAT THEY WILL ADHERE TO THE ASSOCIATION'S CODE OF ETHICS UPON HIRE AND THEN EVERY TWO YEARS. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE SALARIES FOR TOP MANAGEMENT THE ASSOCIATION USES COMPARABLES FROM SIMILAR INSTITUTIONS WITH RELEVANT POSITIONS TO MAINTAIN APPROPRIATE PAY SCALES. FORM 990, PART VI, SECTION C, LINE 18 THE TAX RETURN IS AVAILABLE ON THE ORGANIZATION'S WEBSITE FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ASSOCIATION'S ANNUAL REPORT ALSO STATES THAT THE PUBLIC IS WELCOME TO CALL THE ORGANIZATION FOR COPIES OF THESE DOCUMENTS. NANTUCKET LIGHTSHIP BASKET MUSEUM INC PO BOX 1016 NANTUCKET MA 02554 043392961 EXHIBITING LIGHTSHIP BASKET AND THEIR MAKERS MA 501(C) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 NANTUCKET LIGHTSHIP BASKET MUSEUM INC Q 75000 MARKET VALUE