Civic Intelligence

Ipswich Museum Inc.

990 • Fiscal year 2022 • EIN 04-6040661

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 26, 2023

Organization ProfileWWW.IPSWICHMUSEUM.ORG

View Organization Page

54 South Main StreetIpswich, MA 01938

(978) 356-2811

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

56th percentile

9.9%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

10th percentile

-17%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-5.3%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$1,643,143

Down $346,794 (-17%) from 2021

Net Assets

Down

$1,640,326

Down $347,122 (-17%) from 2021

Liabilities

Up

$2,817

Up $328 (+13%) from 2021

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin56th percentile

Revenue

Down

$227,033

Down $12,749 (-5.3%) from 2021

Expenses

Down

$204,578

Down $7,895 (-3.7%) from 2021

Net Income

Down

$22,455

Down $4,854 (-18%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $667,515Liabilities 2011: $4,366Net Assets 2011: $663,1492011Assets 2012: $710,454Liabilities 2012: $2,881Net Assets 2012: $707,5732012Assets 2013: $747,813Liabilities 2013: $13,996Net Assets 2013: $733,8172013Assets 2014: $786,836Liabilities 2014: $2,351Net Assets 2014: $784,4852014Assets 2015: $824,130Liabilities 2015: $1,230Net Assets 2015: $822,9002015Assets 2016: $950,692Liabilities 2016: $1,311Net Assets 2016: $949,3812016Assets 2017: $994,850Liabilities 2017: $7,763Net Assets 2017: $987,0872017Assets 2018: $926,428Liabilities 2018: $2,362Net Assets 2018: $924,0662018Assets 2019: $1,096,486Liabilities 2019: $2,450Net Assets 2019: $1,094,0362019Assets 2020: $1,764,410Liabilities 2020: $16,697Net Assets 2020: $1,747,7132020Assets 2021: $1,989,937Liabilities 2021: $2,489Net Assets 2021: $1,987,4482021Assets 2022: $1,643,143Liabilities 2022: $2,817Net Assets 2022: $1,640,3262022Assets 2023: $1,813,342Liabilities 2023: $31Net Assets 2023: $1,813,3112023Assets 2024: $2,027,512Liabilities 2024: $4,606Net Assets 2024: $2,022,9062024

Highlighted filing

2022

Assets$1,643,143
Liabilities$2,817
Net Assets$1,640,326
Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $179,824Expenses 2011: $155,703Net Income 2011: $24,1212011Revenue 2012: $159,188Expenses 2012: $153,487Net Income 2012: $5,7012012Revenue 2013: $273,200Expenses 2013: $265,355Net Income 2013: $7,8452013Revenue 2014: $268,655Expenses 2014: $214,676Net Income 2014: $53,9792014Revenue 2015: $194,977Expenses 2015: $130,339Net Income 2015: $64,6382015Revenue 2016: $271,129Expenses 2016: $134,201Net Income 2016: $136,9282016Revenue 2017: $154,919Expenses 2017: $181,507Net Income 2017: -$26,5882017Revenue 2018: $244,109Expenses 2018: $227,560Net Income 2018: $16,5492018Revenue 2019: $207,999Expenses 2019: $207,371Net Income 2019: $6282019Revenue 2020: $621,902Expenses 2020: $169,661Net Income 2020: $452,2412020Revenue 2021: $239,782Expenses 2021: $212,473Net Income 2021: $27,3092021Revenue 2022: $227,033Expenses 2022: $204,578Net Income 2022: $22,4552022Revenue 2023: $181,721Expenses 2023: $209,767Net Income 2023: -$28,0462023Revenue 2024: $221,997Expenses 2024: $223,959Net Income 2024: -$1,9622024

Highlighted filing

2022

Revenue$227,033
Expenses$204,578
Net Income$22,455
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$389,566
Mission and Program Overview

Mission

Educate the public regarding the history of ipswich, massachusetts

Educate the public regarding the history of ipswich massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,737,306$1,207,214▼ $530,092
Savings and Temporary Cash Investments$123,550$316,094▲ $192,544
Land, Buildings, and Equipment, Net$119,535$119,535→ $0
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Total Assets$1,989,937$1,643,143▼ $346,794
Other Assets Total$9,246$0▼ $9,246
Liabilities
Other Liabilities$2,489$2,817▲ $328
Total Liabilities$2,489$2,817▲ $328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,812,002$1,479,836▼ $332,166
Net Assets With Donor Restrictions$175,446$160,490▼ $14,956
Total Net Assets Fund Balance$1,987,448$1,640,326▼ $347,122
Total Liabilities and Net Assets / Fund Balance$1,989,937$1,643,143▼ $346,794

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$119,535-$119,535
Other Land Buildings$0$907$907
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Stephanie GaskinsPresident/trustee
Cary Perry1st VP/trustee
William Callahan2nd VP/trustee
Marcia GraySecretary/trustee
Lawrence PszennyTreasurer/trustee
Ann CarrollTrustee
Boyd FinchTrustee
Connie JamesTrustee
Phil GoldenTrustee
Prudence MarkosTrustee
Scott JewellTrustee
Tom BlakeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$151,877
Program Service Revenue
$17,558
Investment Income
$54,684
Other Revenue
$2,914
All Other Contributions
$124,800
Change in Net Assets
$22,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,849
Salaries, Compensation, and Employee Benefits$93,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,333$14,688-$86,021
Occupancy$56,807$899-$57,706
Office Expenses$8,449$11,576-$20,025
Insurance$2,190$10,580-$12,770
Payroll Taxes$6,203$1,505-$7,708
Fees for Services Accounting-$5,453-$5,453
Conferences and Meetings$3,269--$3,269
Fees for Service Investment Mgmnt Fees-$132-$132
Other Expenses$82$1,262-$82
Total Functional Expenses$158,483$46,095$0$204,578
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,575
Fundraising Direct Expenses$1,661
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Withholdings$2,794
Sales Tax Payable$23
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members who are comprised of any person interested in the purposes for which the organization is incorporated and who makes a payment of the annual dues”

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

“At the annual meeting the members who attend elect the board of trustees and directors of the organization. At the present time there is only one class of members and they all have the same voting right.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the president and treasurer prior to being filed”

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

“On an annual basis conflict of interest statements must be completed, signed and submitted to the board for review. The statement identifies possible conflicts. The board reviews the statements and determines any appropriate action that may be needed given a particular situation”

Form 990, Part VI, Section B, Line 15

“On an annual basis, the president performs a review of the executive director and based on performance and comparable data, presents a recommendation on compensation to the board for approval. Similarly, the executive director performs reviews on the other employees and based on performance and comparable data, presents a recommendation on compensation to the board for approval. Approval of compensation is documented in the minutes.”

Form 990, Part VI, Section C, Line 19

“Governing documents are not available to the public”

Filing and Contact Details

Filer

Filer Name
Ipswich Museum Inc
EIN
04-6040661
Phone
9783562811
Address
54 SOUTH MAIN STREET, IPSWICH, MA 01938

Signing Officer

Name
Lawrence J Pszenny
Title
Treasurer
Phone
9783564914
Signed
2023-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence J Pszenny
Formed
1898
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
60

Preparer

Firm
Tsoutsouras & Company Pc
Address
78 CENTRAL STREET, IPSWICH, MA 01938
Preparer
John J Tsoutsouras
Phone
9783560332
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Add: book partnership income 2,256. Add: nondividend distribution 844.”

Financial Statement Notes

PART III, LINE 1A:

“The financial statements do not reflect the value of donated historical collection items. Collection items include furnishings, art and other historical artifacts that the ipswich museum inc maintains and preserves for public display and education. Proceeds from deaccessed collection items are used to acquire or maintain other collection items.”

PART III, LINE 4:

“The organization operates two properties as museums to educate the public on the history of ipswich and to preserve historical collections. The buildings contain furnishings, art, and other historical artifacts for public display and education.”

Schedule D Part X Line 2

“Schedule d part x line 2 - im is exempt from income tax pursuant to section 501(c)(3) of the internal revenue code (irc) and is a publicly supported organization as defined in irs section 509(a)(2). Im may, however, incur a tax liability on certain ancillary activities. There was no such liability for 2022. In accordance with asc 740 -income taxes, im recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. In addition, interest and penalties are accrued on any unrecognized tax benefit from uncertain tax positions. Tax years 2019, 2020, 2021 and 2022 are within the statute of limitations and are open for examination by federal and state jurisdictions.”

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IRS990/OccupancyGrp/ManagementAndGeneralAmt0899
IRS990/OccupancyGrp/ProgramServicesAmt056807
IRS990/OccupancyGrp/TotalAmt057706
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011576
IRS990/OfficeExpensesGrp/ProgramServicesAmt08449
IRS990/OfficeExpensesGrp/TotalAmt020025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09246
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt03100
IRS990/OtherExpensesGrp/Desc0COLLECTION & MUSEUM EXP
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2COST OF BOOKS & MERCHAN
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01262
IRS990/OtherExpensesGrp/ProgramServicesAmt06821
IRS990/OtherExpensesGrp/ProgramServicesAmt11262
IRS990/OtherExpensesGrp/ProgramServicesAmt22067
IRS990/OtherExpensesGrp/ProgramServicesAmt382
IRS990/OtherExpensesGrp/TotalAmt06821
IRS990/OtherExpensesGrp/TotalAmt12524
IRS990/OtherExpensesGrp/TotalAmt22067
IRS990/OtherExpensesGrp/TotalAmt382
IRS990/OtherLiabilitiesGrp/BOYAmt02489
IRS990/OtherLiabilitiesGrp/EOYAmt02817
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014688
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071333
IRS990/OtherSalariesAndWagesGrp/TotalAmt086021
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01505
IRS990/PayrollTaxesGrp/ProgramServicesAmt06203
IRS990/PayrollTaxesGrp/TotalAmt07708
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LAWRENCE J PSZENNY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MUSEUM ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1BOOK SALES-IPSWICH HIS
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION PROGRAM - TU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13387
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22110
IRS990/ProgSrvcAccomActy2Grp/Desc0BOOK AND COMMEMORATIVE ITEM SALES DOCUMENTING THE HISTORY OF IPSWICH, MA
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02067
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03387
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF THE DOW ARTS EDUCATION PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01969
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02110
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162597
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045040
IRS990/PYOtherExpensesAmt0125257
IRS990/PYOtherRevenueAmt013200
IRS990/PYProgramServiceRevenueAmt018945
IRS990/PYRevenuesLessExpensesAmt027309
IRS990/PYSalariesCompEmpBnftPaidAmt087216
IRS990/PYTotalExpensesAmt0212473
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0239782
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt022455
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012061
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0123550
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0316094
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt068521
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt062800
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt043732
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt056951
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt079721
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0311725
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0142916
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148484
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0114932
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0128568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0181516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0716416
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017399
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012552
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012776
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt078260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017560
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02937
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt038829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt012355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt090626
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt013537
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt014413
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt03136
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt019975
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt012925
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt063986
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017399
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017774
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012552
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt078260
IRS990ScheduleA/InvestmentIncomeCYPct00.08240
IRS990ScheduleA/InvestmentIncomePYPct00.08000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.58920
IRS990ScheduleA/PublicSupportPY509Pct00.50020
IRS990ScheduleA/PublicSupportTotal509Amt0559303
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt068521
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt062800
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt043732
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt056951
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt079721
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0311725
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0174013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0181842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0121005
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0187372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0206796
IRS990ScheduleA/Total509Grp/TotalAmt0871028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0191772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0199241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0138779
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0199924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0219572
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0949288
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt0119535
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0119535
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0907
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX WITHHOLDINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS DO NOT REFLECT THE VALUE OF DONATED HISTORICAL COLLECTION ITEMS. COLLECTION ITEMS INCLUDE FURNISHINGS, ART AND OTHER HISTORICAL ARTIFACTS THAT THE IPSWICH MUSEUM INC MAINTAINS AND PRESERVES FOR PUBLIC DISPLAY AND EDUCATION. PROCEEDS FROM DEACCESSED COLLECTION ITEMS ARE USED TO ACQUIRE OR MAINTAIN OTHER COLLECTION ITEMS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OPERATES TWO PROPERTIES AS MUSEUMS TO EDUCATE THE PUBLIC ON THE HISTORY OF IPSWICH AND TO PRESERVE HISTORICAL COLLECTIONS. THE BUILDINGS CONTAIN FURNISHINGS, ART, AND OTHER HISTORICAL ARTIFACTS FOR PUBLIC DISPLAY AND EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHEDULE D PART X LINE 2 - IM IS EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS A PUBLICLY SUPPORTED ORGANIZATION AS DEFINED IN IRS SECTION 509(A)(2). IM MAY, HOWEVER, INCUR A TAX LIABILITY ON CERTAIN ANCILLARY ACTIVITIES. THERE WAS NO SUCH LIABILITY FOR 2022. IN ACCORDANCE WITH ASC 740 -INCOME TAXES, IM RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. IN ADDITION, INTEREST AND PENALTIES ARE ACCRUED ON ANY UNRECOGNIZED TAX BENEFIT FROM UNCERTAIN TAX POSITIONS. TAX YEARS 2019, 2020, 2021 AND 2022 ARE WITHIN THE STATUTE OF LIMITATIONS AND ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,643,143
Liabilities
$2,817
Net assets
$1,640,326
Revenue
$227,033
Expenses
$204,578
Net income
$22,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.02$0.22$0.22$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.18$0.21$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.23$0.20$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.24$0.21$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.02$1.75$0.62$0.17$0.45
2019Summary only. Only limited summary data is available for this year.$1.10$0.00$1.09$0.21$0.21$0.00
2018Summary only. Only limited summary data is available for this year.$0.93$0.00$0.92$0.24$0.23$0.02
2017Summary only. Only limited summary data is available for this year.$0.99$0.01$0.99$0.15$0.18$0.03
2016Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.27$0.13$0.14
2015Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.19$0.13$0.06
2014Summary only. Only limited summary data is available for this year.$0.79$0.00$0.78$0.27$0.21$0.05
2013Summary only. Only limited summary data is available for this year.$0.75$0.01$0.73$0.27$0.27$0.01
2012Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.16$0.15$0.01
2011Summary only. Only limited summary data is available for this year.$0.67$0.00$0.66$0.18$0.16$0.02