Old Sturbridge Inc DBA Old Sturbridge Village

“The collections of old sturbridge village include the material culture, research library, visual resource library (photographic), archives, archaeological, historic structures, and living (both livestock and plant) collections. Each of these collections is vital to the museum's mission and supports its commitment to preserving, researching, and interpreting the history and material life of rural new england.”

“The organization's endowment consists of numerous funds established for a variety of purposes. Its endowment includes both donor restricted endowment funds and funds designated by the board of trustees to function as endowments. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed or legal restrictions. The organization classifies as permanently 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 in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the organization 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 organization 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 organization 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 organization - the investment policies of the organization the organization has adopted investment and spending policies for its board-designated 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 of trustees, the endowment assets are invested in a manner that is intended to produce an average annual real total return, net of investment management fees, of greater than 5% over a rolling three year period. To satisfy its long-term rate-of-return objectives, the organization relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest, dividends, etc.). The organization has a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The organization has a policy of appropriating for distribution each year 5% of its endowment fund's average fair value over the prior twelve quarters through the year-end proceeding the year in which the distribution is planned. In establishing this policy, the organization considered the long-term expected return on 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 organization to retain as a fund of perpetual duration. In accordance with generally accepted accounting principles, deficiencies of this nature are reported in unrestricted net assets. Such deficiencies amounted to $24,880 and $50,477 as of january 25, 2014 and january 26, 2013, respectively. In accordance with the board's interpretation of relevant state law, appropriation of investment return on these funds has been suspended until such time as the deficiency has been restored and the fair value of the fund exceeds the level required to be retained permanently.”

“Management annually reviews for uncertain tax positions along with any related interest and penalties and believes that the organization has no uncertain tax positions that would have a material adverse effect, individually or in the aggregate upon the organization's statements of financial position, or the related statements of activities, or cash flows.”

“Rental expenses 863,500. Fundraising expenses 57,772.”

“Food services loss 5,970.”

“Rental expenses 216,378. Fundraising expenses 57,772. Lodge expenses 647,122.”

“FOOD SERVICE LOSS 5,970.”