Civic Intelligence

Boston Marine Society

990 • Fiscal year 2014 • EIN 04-2139204

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization Profilebostonmarinesociety.org

View Organization Page

100 1st Charlestown Navy Yd No 102Boston, MA 02129

(617) 242-0522

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2014

Net Margin

87th percentile

57%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2014

Asset Growth

53rd percentile

3.2%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$20,901,973

Up $640,217 (+3.2%) from 2013

Net Assets

Up

$20,891,940

Up $645,019 (+3.2%) from 2013

Liabilities

Down

$10,033

Down $4,802 (-32%) from 2013

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin87th percentile

Revenue

Up

$1,470,195

Up $586,455 (+66%) from 2013

Expenses

Down

$630,630

Down $17,985 (-2.8%) from 2013

Net Income

Up

$839,565

Up $604,440 (+257%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $17,371,815Liabilities 2010: $4,109Net Assets 2010: $17,367,7062010Assets 2011: $17,273,667Liabilities 2011: $2,838Net Assets 2011: $17,270,8292011Assets 2012: $18,574,919Liabilities 2012: $9,235Net Assets 2012: $18,565,6842012Assets 2013: $20,261,756Liabilities 2013: $14,835Net Assets 2013: $20,246,9212013Assets 2014: $20,901,973Liabilities 2014: $10,033Net Assets 2014: $20,891,9402014Assets 2015: $19,860,114Liabilities 2015: $37,277Net Assets 2015: $19,822,8372015Assets 2016: $20,106,972Liabilities 2016: $36,699Net Assets 2016: $20,070,2732016Assets 2017: $21,793,321Liabilities 2017: $45,561Net Assets 2017: $21,747,7602017Assets 2018: $20,327,804Liabilities 2018: $51,102Net Assets 2018: $20,276,7022018Assets 2019: $22,833,410Liabilities 2019: $51,361Net Assets 2019: $22,782,0492019Assets 2020: $24,081,356Liabilities 2020: $53,878Net Assets 2020: $24,027,4782020Assets 2021: $26,162,605Liabilities 2021: $50,893Net Assets 2021: $26,111,7122021Assets 2022: $22,733,633Liabilities 2022: $349,932Net Assets 2022: $22,383,7012022Assets 2023: $24,409,964Liabilities 2023: $218,084Net Assets 2023: $24,191,8802023Assets 2024: $27,336,320Liabilities 2024: $1,493,809Net Assets 2024: $25,842,5112024

Highlighted filing

2014

Assets$20,901,973
Liabilities$10,033
Net Assets$20,891,940
Open 2014 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $608,5942010Expenses 2011: $608,8242011Expenses 2012: $605,4282012Revenue 2013: $883,740Expenses 2013: $648,615Net Income 2013: $235,1252013Revenue 2014: $1,470,195Expenses 2014: $630,630Net Income 2014: $839,5652014Revenue 2015: $748,540Expenses 2015: $746,443Net Income 2015: $2,0972015Revenue 2016: $1,218,652Expenses 2016: $738,578Net Income 2016: $480,0742016Revenue 2017: $1,268,920Expenses 2017: $792,299Net Income 2017: $476,6212017Revenue 2018: $1,206,677Expenses 2018: $806,551Net Income 2018: $400,1262018Revenue 2019: $1,162,590Expenses 2019: $815,197Net Income 2019: $347,3932019Revenue 2020: $616,398Expenses 2020: $720,754Net Income 2020: -$104,3562020Revenue 2021: $1,915,331Expenses 2021: $731,843Net Income 2021: $1,183,4882021Revenue 2022: $913,011Expenses 2022: $789,699Net Income 2022: $123,3122022Revenue 2023: $630,699Expenses 2023: $904,538Net Income 2023: -$273,8392023Revenue 2024: $1,553,810Expenses 2024: $992,726Net Income 2024: $561,0842024

Highlighted filing

2014

Revenue$1,470,195
Expenses$630,630
Net Income$839,565
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$7,216,625
Mission and Program Overview

Mission

Promote knowledge of the coast, relieve members and families of poverty, and financially assist in the education and training of maritime academy students.

Promote knowledge of the coast, relieve members & families of poverty & financially assist in the education & training of maritime academy students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,546,043$17,384,131▼ $161,912
Investments Other Securities$1,592,922$1,686,236▲ $93,314
Savings and Temporary Cash Investments$332,959$1,030,211▲ $697,252
Cash and Non-Interest-Bearing Accounts$17,360$22,118▲ $4,758
Prepaid Expenses and Deferred Charges$11,424$21,401▲ $9,977
Land, Buildings, and Equipment, Net$8,908$7,860▼ $1,048
Total Assets$20,261,756$20,901,973▲ $640,217
Other Assets Total$752,140$750,016▼ $2,124
Liabilities
Accounts Payable and Accrued Expenses$14,835$10,033▼ $4,802
Total Liabilities$14,835$10,033▼ $4,802
Net Assets / Fund Balance
Unrestricted Net Assets$19,610,635$20,255,654▲ $645,019
Permanently Rstr Net Assets$636,286$636,286→ $0
Total Net Assets Fund Balance$20,246,921$20,891,940▲ $645,019
Total Liabilities and Net Assets / Fund Balance$20,261,756$20,901,973▲ $640,217

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,860$1,572$9,432
Other Securities$1,686,236--
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Captain Jeffrey J HavlicekPresident
Captain Joseph K FitzpatrickVice President
Captain Andrew TriandafilouTrustee
Captain Bruce F PorterTrustee
Captain Charles G GiffordTrustee
Captain David E CoxTrustee
Captain Martin E Conroy JrTrustee
Captain Michael R BurnsTrustee
Captain Peter J LawrenceTrustee
Captain Richard R CunioTrustee
Captain Robert A KolofskyTrustee
Captain Stefan J PalmerTrustee
Martha R Bagley EsqAssistant Secretary/Treasurer
Captain James P CraneSecretary
Captain Carl A PotteyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$102,284
Program Service Revenue
$7,320
Investment Income
$1,360,159
Other Revenue
$432
All Other Contributions
$99,000
Change in Net Assets
$839,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,470,195
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-189,916
Total Revenue per Audited Statements
$1,280,279
Total Revenue per Form 990
$1,470,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,509
Grants and Similar Amounts Paid$159,000
Salaries, Compensation, and Employee Benefits$102,121
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$118,713-$118,713
Other Salaries and Wages$46,074$46,075-$92,149
Grants to Domestic Orgs$89,000--$89,000
Occupancy$35,432$35,432-$70,864
Grants to Domestic Individuals$70,000--$70,000
Conferences and Meetings$67,038--$67,038
Insurance-$36,397-$36,397
Fees for Services Accounting-$14,733-$14,733
Office Expenses$6,532$6,533-$13,065
Payroll Taxes$3,635$3,635-$7,270
Travel-$4,429-$4,429
Fees for Services Lobbying$2,859--$2,859
Other Employee Benefits$1,351$1,351-$2,702
Other Expenses$1,669$1,878-$1,669
Depreciation Depletion$524$524-$1,048
Fees for Services Legal$350--$350
All Other Expenses-$250-$250
Total Functional Expenses$326,342$304,288$0$630,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$635,260
Total Expenses per Audited Statements$635,260
Total Expenses per Form 990$630,630
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-4,630
Other Expense Adjustments$-4,630
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Maritime AcademyCastine, ME501(c)(3)Upgrade Bridge Simulator$15,000
Massachusetts Maritime AcademyBuzzards Bay, MA501(c)(3)Construction of two Z-Drive Model SDM$15,000
The Boston Seaman's Friend SocietyChelsea, MA501(c)(3)Vehicle expensesSupport ongoing work of chaplain/fuel and personnel costs$10,000
Duxbury Bay Maritime SchoolDuxbury, MA501(c)(3)To support the Maritime Adventures program$5,000
New Bedford Whaling MuseumNew Bedford, MA501(c)(3)38th Annual Whaling History Symposium$5,000
Sail Salem IncSalem, MA501(c)(3)Expand fleet of training vessels and hire executive director$5,000
USS Massachusetts Memorial Committee IncFall River, MA501(c)(3)Battleship Cove Community Boating program$5,000
World Ocean SchoolBoston, MA501(c)(3)Providing challenging educational programs aboard the schooner Roseway$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The organization has a body of membership that have submitted applications for their membership to the Board of Trustees, who review and approve memberships in accordance with the Society's by-laws.”

Form 990, Part VI, Section A, line 7A

“The membership of the Society elect the members of the Board of Trustees at the Society's annual meeting, which is held each year in November.”

Form 990, Part VI, Section A, line 7B

“Decisions of the Board of Trustees are subject to approval of the members.”

Form 990, Part VI, Section B, line 11

“The Board of Trustees reviews Form 990 and it is approved by the audit and finance committee.”

Form 990, Part VI, Section B, line 12C

“Conflicts of interest are documented first and later discussed in Board of Directors meeting.”

Form 990, Part VI, Section C, line 19

“The Governing Documents, conflict of interest policy and financial statements are available to the public upon request at the Society's office. Also, the financial statements are on file with the Massachusetts Attorney General's office, Public Charities Division as the financial statements are required to be submitted annually with the Massachusetts Form PC.”

Filing and Contact Details

Filer

Filer Name
Boston Marine Society
EIN
04-2139204
Phone
6172420522
Address
100 1st Charlestown Navy Yd No 102, Boston, MA 02129

Signing Officer

Name
Captain Jeffrey J Havlicek
Title
President
Phone
6172420522
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Captain Jeffrey J Havlic
Formed
1754
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
0

Preparer

Firm
Tonneson & Company Inc
Address
401 Edgewater Place Suite 300, Wakefield, MA 01880-6208
Preparer
John T Parker
Phone
7812459999
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Expenses on books not recorded on Form 990 -4,630.”

Form 990, Part XII, Line 1

“Accounting Method: Modified Cash Basis”

Form 990, Part XII, Line 2C

“The Society's Trustees have established an audit committee, made up of members of the Board of Trustees that assumes responsibility for oversight of the audit of its financial statements and selection of the independent auditor.”

Financial Statement Notes

Part III, Line 4:

“The Society has a collection of inexhaustible arts and books. The items are on display at the Society's offices located in the Boston National Historical Park. They reveal not only the history of a distinguished institution but also help tell the story of one of the America's oldest and most important ports.”

Part X, Line 2:

“In accordance with Section 501(c)(3) of the Internal Revenue Code, the Society is exempt from federal and state income taxes on its income and, accordingly, the financial statements do not reflect a provision for income taxes. Instead, the Society is liable for federal and state taxes on the Society's unrelated taxable business income. These determinations have been reviewed according to guidance in a recent Financial Accounting Standards Board pronouncement related to accounting for uncertainty in income taxes. As of December 31, 2014, the Society has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Society is generally subject to potential examination by taxing jurisdictions for the three prior years.”

Part XI, Line 2D - Other Adjustments:

“Accrual to cash basis adjustments”

Part XII, Line 4B - Other Adjustments:

“Accrual to cash basis adjustments -4,630.”

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Assistant Secretary/Treasurer
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IRS990/Form990TFiledInd01
IRS990/FormationYr01754
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt0829651
IRS990/GamingActivitiesInd00
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IRS990/GrantAmt0150000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt070000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt070000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt089000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt089000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06576081
IRS990/GrossReceiptsAmt07216625
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt036397
IRS990/InsuranceGrp/TotalAmt036397
IRS990/InvestmentIncomeGrp/ExclusionAmt0530508
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0530508
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01592922
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01686236
IRS990/InvestmentsPubTradedSecGrp/BOYAmt017546043
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017384131
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01572
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08908
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07860
IRS990/LandBldgEquipCostOrOtherBssAmt09432
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05746430
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt03284
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Promote knowledge of the coast, relieve members and families of poverty, and financially assist in the education and training of maritime academy students.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020246921
IRS990/NetAssetsOrFundBalancesEOYAmt020891940
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0829651
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0829651
IRS990/NetUnrelatedBusTxblIncmAmt0-1474
IRS990/NetUnrlzdGainsLossesInvstAmt0-189916
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt035432
IRS990/OccupancyGrp/ProgramServicesAmt035432
IRS990/OccupancyGrp/TotalAmt070864
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06533
IRS990/OfficeExpensesGrp/ProgramServicesAmt06532
IRS990/OfficeExpensesGrp/TotalAmt013065
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0752140
IRS990/OtherAssetsTotalGrp/EOYAmt0750016
IRS990/OtherChangesInNetAssetsAmt0-4630
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01351
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01351
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02702
IRS990/OtherExpensesGrp/Desc0Gifts
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Postage
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021709
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112629
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21878
IRS990/OtherExpensesGrp/ProgramServicesAmt01878
IRS990/OtherExpensesGrp/ProgramServicesAmt11669
IRS990/OtherExpensesGrp/TotalAmt021709
IRS990/OtherExpensesGrp/TotalAmt112629
IRS990/OtherExpensesGrp/TotalAmt23756
IRS990/OtherExpensesGrp/TotalAmt31669
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0Other Investment Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0432
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0432
IRS990/OtherRevenueTotalAmt0432
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046075
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046074
IRS990/OtherSalariesAndWagesGrp/TotalAmt092149
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03635
IRS990/PayrollTaxesGrp/ProgramServicesAmt03635
IRS990/PayrollTaxesGrp/TotalAmt07270
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0636286
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0636286
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011424
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021401
IRS990/PrincipalOfficerNm0Captain Jeffrey J Havlic
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Activity Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07320
IRS990/ProgSrvcAccomActy2Grp/Desc0Financial aid and assistance to members & families in poverty.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt09000
IRS990/ProgSrvcAccomActy3Grp/Desc0Other expenses to maintain historical assets held by the Society that are used to educate the public about the coast.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt054793
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0432
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Conferences and meetings to provide a forum for the discussion of the coast and to promote public awareness of the coast.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0112549
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt07320
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt088970
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0159000
IRS990/PYInvestmentIncomeAmt0787177
IRS990/PYOtherExpensesAmt0388968
IRS990/PYOtherRevenueAmt0273
IRS990/PYProgramServiceRevenueAmt07320
IRS990/PYRevenuesLessExpensesAmt0235125
IRS990/PYSalariesCompEmpBnftPaidAmt0100647
IRS990/PYTotalExpensesAmt0648615
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0883740
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0839565
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0332959
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01030211
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt0720396
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-4630
IRS990ScheduleD/ExpensesSubtotalAmt0635260
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07860
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01572
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09432
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-189916
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-4630
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01686236
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Alternative Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-189916
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01470195
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Society has a collection of inexhaustible arts and books. The items are on display at the Society's offices located in the Boston National Historical Park. They reveal not only the history of a distinguished institution but also help tell the story of one of the America's oldest and most important ports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1In accordance with Section 501(c)(3) of the Internal Revenue Code, the Society is exempt from federal and state income taxes on its income and, accordingly, the financial statements do not reflect a provision for income taxes. Instead, the Society is liable for federal and state taxes on the Society's unrelated taxable business income. These determinations have been reviewed according to guidance in a recent Financial Accounting Standards Board pronouncement related to accounting for uncertainty in income taxes. As of December 31, 2014, the Society has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Society is generally subject to potential examination by taxing jurisdictions for the three prior years.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Accrual to cash basis adjustments
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Accrual to cash basis adjustments -4,630.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07860
IRS990ScheduleD/TotalBookValueSecuritiesAmt01686236
IRS990ScheduleD/TotalExpensesPerForm990Amt0630630
IRS990ScheduleD/TotalRevenuePerForm990Amt01470195
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01280279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0635260
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt130000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt21000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt39000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships for students attending Massachusetts Maritime Academy associated with the education & preservation of the coast.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Scholarships for students attending Maine Maritime Academy associated with the education & preservation of the coast.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Scholarship for student attending Maine Maritime Academy in the name of Captain Robert Spear.

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,901,973
Liabilities
$10,033
Net assets
$20,891,940
Revenue
$1,470,195
Expenses
$630,630
Net income
$839,565
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$1.49$25.8$1.55$0.99$0.56
2023Detailed filing. Detailed filing data is available for this year.$24.4$0.22$24.2$0.63$0.90$0.27
2022Detailed filing. Detailed filing data is available for this year.$22.7$0.35$22.4$0.91$0.79$0.12
2021Detailed filing. Detailed filing data is available for this year.$26.2$0.05$26.1$1.92$0.73$1.18
2020Detailed filing. Detailed filing data is available for this year.$24.1$0.05$24.0$0.62$0.72$0.10
2019Detailed filing. Detailed filing data is available for this year.$22.8$0.05$22.8$1.16$0.82$0.35
2018Detailed filing. Detailed filing data is available for this year.$20.3$0.05$20.3$1.21$0.81$0.40
2017Detailed filing. Detailed filing data is available for this year.$21.8$0.05$21.7$1.27$0.79$0.48
2016Detailed filing. Detailed filing data is available for this year.$20.1$0.04$20.1$1.22$0.74$0.48
2015Detailed filing. Detailed filing data is available for this year.$19.9$0.04$19.8$0.75$0.75$0.00
2014Detailed filing. Detailed filing data is available for this year.$20.9$0.01$20.9$1.47$0.63$0.84
2013Detailed filing. Detailed filing data is available for this year.$20.3$0.01$20.2$0.88$0.65$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$0.01$18.6$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$0.00$17.3$0.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$0.00$17.4$0.61