2026-02-03T11:10:00-06:00 2025-04-30 030210880 AM PEISCH & COMPANY LLP 24 AIRPORT ROAD SUITE 402 WEST LEBANON NH 037841663 990 2024-05-01 030218096 AMERICAN PRECISION MUSEUM INC AMER 8026745781 PO BOX 679 WINDSOR VT 05089 STEVEN DALESSIO EXECUTIVE DIRECTOR 8026745781 2026-02-03 1 1 MANDY C GILES CPA P01204048 6033060100 2026-02-02 2024 2025-03-06 01:10:19Z STEVEN DALESSIO 196 MAIN STREET WINDSOR VT 05089 3357209 0 X WWW.AMERICANPRECISION.ORG X 1966 VT TO CAPTURE THE IMAGINATIONS OF YOUNG AND OLD WITH THE SPIRIT OF INNOVATION, PROBLEM SOLVING, AND DESIGN DEMONSTRATED THROUGH THE DYNAMIC STORY OF THE MACHINES AND PEOPLE WHICH FORM THE FOUNDATION AND FUTURE OF THE MANUFACTURING INDUSTRY IN AMERICA. 15 15 17 22 0 0 849292 1486006 83452 41479 52684 264173 20194 39545 1005622 1831203 0 0 0 0 491725 576651 0 0 219310 876944 535301 1368669 1111952 -363047 719251 2508758 3158053 36662 135746 2472096 3022307 TO CAPTURE THE IMAGINATIONS OF YOUNG AND OLD WITH THE SPIRIT OF INNOVATION, PROBLEM SOLVING, AND DESIGN DEMONSTRATED THROUGH THE DYNAMIC STORY OF THE MACHINES AND PEOPLE WHICH FORM THE FOUNDATION AND FUTURE OF THE MANUFACTURING INDUSTRY IN AMERICA. 0 0 695865 79061 THE OPERATION OF A MUSEUM, AND THE PRESERVATION AND MAINTENANCE OF A HISTORIC BUILDING, COLLECTIONS, AND ARCHIVES. THE MUSEUM CONDUCTS EDUCATIONAL PROGRAMS ASSOCIATED WITH THE COLLECTION FOR THE GENERAL PUBLIC. THE MUSEUM SERVED 6,284 VISITORS IN FISCAL YEAR 2025, INCLUDING 205 MEMBERS. 695865 1 1 0 0 0 0 0 1 0 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 0 1 18 0 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X STEVEN DALESSIO 8026745781 PO BOX 679 WINDSOR VT 05089 LEE MORRIS CHAIRMAN 0.80 X X 0 0 0 CHRISTOPHER GRAY VICE CHAIR 0.80 X X 0 0 0 BILL LYNN TREASURER 0.80 X X 0 0 0 ERIC HAGOPIAN TRUSTEE 0.80 X 0 0 0 GREG JONES TRUSTEE 0.80 X 0 0 0 GREG KAUFMAN TRUSTEE 0.80 X 0 0 0 RICHARD KLINE TRUSTEE 0.80 X 0 0 0 LORRAINE PALMER TRUSTEE 0.80 X 0 0 0 CHET BIRGER TRUSTEE 0.80 X 0 0 0 LARRY SCHWARTZ TRUSTEE 0.80 X 0 0 0 DON THOMAS TRUSTEE 0.80 X 0 0 0 MIKE SHIPULSKI TRUSTEE 0.80 X 0 0 0 DARCY MILLER TRUSTEE 0.80 X 0 0 0 EMMA SAUCIER TRUSTEE 0.80 X 0 0 0 ROB CARON TRUSTEE 0.80 X 0 0 0 STEVEN DALESSIO EXECUTIVE DIRECTOR 40.00 X 108000 0 2160 108000 0 2160 1 0 0 0 0 207653 1278353 1486006 ADMISSIONS 611710 41479 41479 41479 59218 59218 1723129 1515641 2533 207488 -2533 204955 204955 1963 0 1963 1963 39943 7832 32111 32111 MISCELLANEOUS 611710 5471 5471 5471 1831203 79061 0 266136 108000 10800 86400 10800 406162 297698 16432 92032 12810 7686 2562 2562 49679 29807 9936 9936 21600 21600 11893 11893 106012 9657 4501 91854 28814 21610 7204 28612 24320 2861 1431 56484 50516 4396 1572 29224 29224 87682 83298 4384 25876 21995 2588 1293 EDUCATION 72394 72394 EXHIBITS 50725 50725 COLLECTION CARE 14733 14733 PRINTING AND PUBLICATIO 1252 626 626 1111952 695865 196777 219310 114828 72059 727656 15036 294000 430500 9851 20741 7156 5167 1880455 1375166 361008 505289 950558 2109261 43701 2508758 3158053 36662 49170 86576 36662 135746 X 640153 776364 1831943 2245943 2472096 3022307 2508758 3158053 719251 -173745 4705 0 X X 1 X 0 1 0 X 522081 625304 1664247 849292 1464706 5125630 26880 61799 75009 83452 83385 330525 548961 687103 1739256 932744 1548091 5456155 0 0 0 5456155 5561 21546 38933 44162 59218 169420 5561 21546 38933 44162 59218 169420 2575 882 315 52 5471 9295 557097 709531 1778504 976958 1612780 5634870 0.96830 0.96850 0.03010 0.03030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 1021776 135 46060 1067971 922077 185 103573 -4259 1021776 917679 0 4396 0 922077 1006440 10863 -97632 1992 917679 783336 0 224271 1167 1006440 0.00720 0.71670 0.27610 1 0 9948 9948 1507966 1204935 303031 362541 170231 192310 505289 X PART III, LINE 1A: THE ORGANIZATION'S COLLECTION INCLUDES HISTORICALLY SIGNIFICANT ARMS, MACHINE TOOLS AND MACHINERY, BOOKS AND ARCHIVES. THE COLLECTION IS HELD FOR EXHIBITION AND RESEARCH PURPOSES. THE ORGANIZATION PROVIDES PROTECTION AND PRESERVATION SERVICES FOR THIS COLLECTION. NO VALUE IS ASSIGNED TO THE COLLECTION IN THE STATEMENT OF FINANCIAL POSITION. PART V, LINE 4: INCOME GENERATED FROM FUNDS IS APPROPRIATED AND USED FOR OPERATIONS DURING THE YEAR. PART X, LINE 2: THE ORGANIZATION ADOPTED THE ACCOUNTING METHODS UNDER FASB ASC SUBTOPIC 740-10 FOR UNCERTAIN TAX POSITIONS (UTP). THE UTP RULES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN IN AN ORGANIZATION'S TAX RETURN. THE ORGNAIZIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MIGHT RESULT IN A MATERIAL IMPACT ON THE ORGANIZATION'S STATEMENTS OF FINANCIAL POSITION, ACTIVITIES AND CHANGES IN NET ASSETS, CASH FLOWS, AND FUNCTIONAL EXPENSES. FORM 990, PART VI, SECTION A, LINE 4 DURING THE FISCAL YEAR, THE CORPORATION ADOPTED SEVERAL AMENDMENTS TO ITS BYLAWS. THESE CHANGES ARE THE FOLLOWING: REMOVED OUTDATED REFERENCES TO MEMBERSHIPS THAT WERE INADVERTENTLY RETAINED IN THE 2018 AMENDMENTS. CORRECTED MINOR, NON-SUBSTANTIVE ERRORS IN SPELLING, PUNCTUATION, AND CAPITALIZATION THROUGHOUT THE DOCUMENT. REPLACED ALL REFERENCES TO "ASSOCIATION" WITH "CORPORATION" TO REFLECT CURRENT ORGANIZATIONAL TERMINOLOGY. RENAMED THE "AUDIT COMMITTEE" TO THE "FINANCE COMMITTEE AND CLARIFIED ITS RESPONSIBILITIES. DELETED SECTIONS RELATED TO GIFTS, NOMINATIONS, AND PORTIONS OF THE ETHICS SECTION, AS THESE TOPICS ARE ADDRESSED ELSEWHERE IN THE BYLAWS OR GOVERNING DOCUMENTS. REVISED NOTICE PERIOD FOR PROCEDURES TO 30 DAYS. INCORPORATED PROVISIONS ALLOWING FOR ELECTRONIC PARTICIPATION IN MEETINGS. STREAMLINED AND RELOCATED THE AMENDMENT REGARDING THE PERMANENT TRUSTEE FOR CLARITY. UPDATED RULES REGARDING QUORUM AND OFFICER ROLES TO ENSURE CONSISTENCY WITH APPLICABLE VERMONT STATE LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE. A COPY OF THE FORM 990 WAS DELIVERED TO EACH TRUSTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO READ AND TO SIGN THE CODE OF ETHICS DOCUMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR WAS HIRED IN 2019. THE TRUSTEES USED COMPARATIVE DATA FROM THE NEW ENGLAND MUSEUM ASSOCIATION SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. SUMMARY FINANCIAL STATEMENTS ARE AVAILABLE IN PRINT AND DISTRIBUTED IN THE REPORT EDITION OF THE NEWSLETTER, TOOLS AND TECHNOLOGY, WHICH IS POSTED ON OUR WEBSITE. DETAILED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. WE POST INFORMATION ON GUIDESTAR. FORM 990, PART XII, LINE 2C: NO CHANGES NOTED.