Civic Intelligence

Boston Marine Society

990 • Fiscal year 2017 • EIN 04-2139204

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 01, 2018

Organization Profilebostonmarinesociety.org

View Organization Page

100 1st Ave 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

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.04x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Net Margin

77th percentile

38%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Asset Growth

64th percentile

8.4%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

4.1%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$21,793,321

Up $1,686,349 (+8.4%) from 2016

Net Assets

Up

$21,747,760

Up $1,677,487 (+8.4%) from 2016

Liabilities

Up

$45,561

Up $8,862 (+24%) from 2016

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin77th percentile

Revenue

Up

$1,268,920

Up $50,268 (+4.1%) from 2016

Expenses

Up

$792,299

Up $53,721 (+7.3%) from 2016

Net Income

Down

$476,621

Down $3,453 (-0.7%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2017

Assets$21,793,321
Liabilities$45,561
Net Assets$21,747,760
Open 2017 Filing

Operations Trend

Revenue Growth48th 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

2017

Revenue$1,268,920
Expenses$792,299
Net Income$476,621
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 1, 2018
Return Version
2017v2.2
Gross Receipts
$5,779,800
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$18,051,027$19,443,875▲ $1,392,848
Investments Other Securities$973,116$1,053,806▲ $80,690
Savings and Temporary Cash Investments$209,468$473,043▲ $263,575
Prepaid Expenses and Deferred Charges$72,865$28,747▼ $44,118
Land, Buildings, and Equipment, Net$17,010$20,888▲ $3,878
Cash and Non-Interest-Bearing Accounts$19,103$14,043▼ $5,060
Total Assets$20,106,972$21,793,321▲ $1,686,349
Other Assets Total$764,383$758,919▼ $5,464
Liabilities
Accounts Payable and Accrued Expenses$36,699$45,561▲ $8,862
Total Liabilities$36,699$45,561▲ $8,862
Net Assets / Fund Balance
Unrestricted Net Assets$19,433,987$21,111,474▲ $1,677,487
Permanently Rstr Net Assets$636,286$636,286→ $0
Total Net Assets Fund Balance$20,070,273$21,747,760▲ $1,677,487
Total Liabilities and Net Assets / Fund Balance$20,106,972$21,793,321▲ $1,686,349

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,246$13,955$29,201
Leasehold Improvements$5,642$4,153$9,795
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Captain Carl A PotteyPresident
Captain Charles G GiffordVice President
Captain A Ross PopeTrustee
Captain Andrew TriandafilouTrustee
Captain Bruce F PorterTrustee
Captain Jay C BurgessTrustee
Captain Jeffrey J HavlicekTrustee
Captain Martin E Conroy JrTrustee
Captain Michael R Burns JrTrustee
Captain Peter J LawrenceTrustee
Captain Robert A KolofskyTrustee
Captain Stefan J PalmerTrustee
Martha R Bagley EsqAssistant Secretary/Treasu
Captain John F MulderigSecretary
Captain Richard R CunioTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morgan StanleyInvestment Management600 Longwater Dr STE 202, Norwell, MA 02061$122,483
Revenue and Support

Revenue Composition

Contributions and Grants
$98,960
Program Service Revenue
$11,925
Investment Income
$1,156,618
Other Revenue
$1,417
All Other Contributions
$97,700
Change in Net Assets
$476,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,268,920
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,197,432
Total Revenue per Audited Statements
$2,466,352
Total Revenue per Form 990
$1,268,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$491,228
Grants and Similar Amounts Paid$184,300
Salaries, Compensation, and Employee Benefits$116,771
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$67,663$67,662-$135,325
Conferences and Meetings$132,318--$132,318
Fees for Service Investment Mgmnt Fees-$122,401-$122,401
Grants to Domestic Orgs$105,300--$105,300
Other Salaries and Wages$52,523$52,523-$105,046
Grants to Domestic Individuals$79,000--$79,000
Insurance-$30,093-$30,093
Fees for Services Accounting-$16,374-$16,374
Payroll Taxes$4,020$4,020-$8,040
Office Expenses$3,713$3,712-$7,425
Travel-$5,725-$5,725
Other Employee Benefits$1,843$1,842-$3,685
Fees for Services Other-$2,705-$2,705
Depreciation Depletion$1,010$1,010-$2,020
Other Expenses$1,955$2,100-$1,955
All Other Expenses-$250-$250
Total Functional Expenses$451,446$340,853$0$792,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$792,299
Expenses per Audited Statements$788,865
Total Expenses per Audited Statements$788,865
Expenses Not Reported on Financial Statements$3,434
Other Expense Adjustments$3,434
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Maritime AcademyCastine, ME501(c)(3)Historic Schooner Bowdoin and Scale Model Anchor SimulatorUpgrade Bridge Simulator$20,000
Massachusetts Maritime AcademyBuzzards Bay, MA501(c)(3)GPS receiver and fathometer repeater for navigation lab$20,000
New England Seafarer's MissionBoston, MA501(c)(3)To welcome and look after the needs of working seafarers who pass through the ports and waters of New England.$10,500
The Boston Seaman's Friend SocietyChelsea, MA501(c)(3)Vehicle expenses and support ongoing work of chaplain ship visiting services in port of Boston/Chelsea$10,500
Duxbury Bay Maritime SchoolDuxbury, MA501(c)(3)To support the Maritime Adventures program$5,000
Greater Fall River Re-Creation Committee IncFall River, MA501(c)(3)Battleship Cove Community Boating program$5,000
Sail Salem IncSalem, MA501(c)(3)Expand student reach and level of classes offered$5,000
US Naval Sea Cadet CorpsArlington, VA501(c)(3)To support operating responsibilities and new space rental$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 11B

“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 Trustees 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 Ave No 102, Boston, MA 02129

Signing Officer

Name
Captain Carl A Pottey
Title
President
Phone
6173768492
Signed
2018-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Captain Carl A Pottey
Formed
1754
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
0

Preparer

Firm
Tonneson & Company PC
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 990 not recorded on books 3,434.”

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, 2017, 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 XII, Line 4B - Other Adjustments:

“Accrual to cash basis adjustments 3,434.”

Raw XML AppendixShowing 400 of 576 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/PersonNm11Captain A Ross Pope
IRS990/Form990PartVIISectionAGrp/PersonNm12Captain John F Mulderig
IRS990/Form990PartVIISectionAGrp/PersonNm13Captain Carl A Pottey
IRS990/Form990PartVIISectionAGrp/PersonNm14Martha R Bagley Esq
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Assistant Secretary/Treasu
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01754
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0607695
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0175300
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt079000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt079000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0105300
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0105300
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05118575
IRS990/GrossReceiptsAmt05779800
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt030093
IRS990/InsuranceGrp/TotalAmt030093
IRS990/InvestmentIncomeGrp/ExclusionAmt0548923
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0548923
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0973116
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01053806
IRS990/InvestmentsPubTradedSecGrp/BOYAmt018051027
IRS990/InvestmentsPubTradedSecGrp/EOYAmt019443875
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018108
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017010
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020888
IRS990/LandBldgEquipCostOrOtherBssAmt038996
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04510880
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt01260
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/NetAssetsOrFundBalancesBOYAmt020070273
IRS990/NetAssetsOrFundBalancesEOYAmt021747760
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0607695
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0607695
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01197432
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt067662
IRS990/OccupancyGrp/ProgramServicesAmt067663
IRS990/OccupancyGrp/TotalAmt0135325
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03712
IRS990/OfficeExpensesGrp/ProgramServicesAmt03713
IRS990/OfficeExpensesGrp/TotalAmt07425
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0764383
IRS990/OtherAssetsTotalGrp/EOYAmt0758919
IRS990/OtherChangesInNetAssetsAmt03434
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01842
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01843
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03685
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/Desc1Gifts
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Postage
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019716
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22100
IRS990/OtherExpensesGrp/ProgramServicesAmt02101
IRS990/OtherExpensesGrp/ProgramServicesAmt11955
IRS990/OtherExpensesGrp/TotalAmt019716
IRS990/OtherExpensesGrp/TotalAmt110720
IRS990/OtherExpensesGrp/TotalAmt24201
IRS990/OtherExpensesGrp/TotalAmt31955
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0Other Investment Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01417
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01417
IRS990/OtherRevenueTotalAmt01417
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052523
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052523
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105046
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04020
IRS990/PayrollTaxesGrp/ProgramServicesAmt04020
IRS990/PayrollTaxesGrp/TotalAmt08040
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0636286
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0636286
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072865
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028747
IRS990/PrincipalOfficerNm0Captain Carl A Pottey
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Activity Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011925
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/ExpenseAmt059396
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01417
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/ExpenseAmt0207750
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt011925
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt066800
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0194750
IRS990/PYInvestmentIncomeAmt01143043
IRS990/PYOtherExpensesAmt0451515
IRS990/PYOtherRevenueAmt01169
IRS990/PYProgramServiceRevenueAmt07640
IRS990/PYRevenuesLessExpensesAmt0480074
IRS990/PYSalariesCompEmpBnftPaidAmt092313
IRS990/PYTotalExpensesAmt0738578
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01218652
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0476621
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0209468
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0473043
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt0740396
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt015246
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029201
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03434
IRS990ScheduleD/ExpensesSubtotalAmt0788865
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05642
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04153
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09795
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01197432
IRS990ScheduleD/OtherExpensesNotIncludedAmt03434
IRS990ScheduleD/RevenueNotReportedAmt01197432
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01268920
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, 2017, 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 3,434.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020888
IRS990ScheduleD/TotalExpensesPerForm990Amt0792299
IRS990ScheduleD/TotalRevenuePerForm990Amt01268920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02466352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0788865
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt035000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt135000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt29000
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/GrantTypeTxt2Relief grant funds provided to survivors of members who are in need of financial assistance.
IRS990ScheduleI/RecipientTable/CashGrantAmt05000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/CashGrantAmt45000
IRS990ScheduleI/RecipientTable/CashGrantAmt510500
IRS990ScheduleI/RecipientTable/CashGrantAmt65000
IRS990ScheduleI/RecipientTable/CashGrantAmt710500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,793,321
Liabilities
$45,561
Net assets
$21,747,760
Revenue
$1,268,920
Expenses
$792,299
Net income
$476,621
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