Braintree Historical Society Inc

“The following are the current year historical structure holdings and changes in historical structure holdings of the organization: the organization ownes a historical structure now as the sylvania thayer birthplace located at 786 washington street braintree ma donated to the organization with an estimated fair value at the time the donation & improvements of $429,506. The organization owns an historical structure know as the gilbert barn/museum & renovations located at 31 tenney road braintree ma with a cost of $801,645. The organization owns an historical structure & renovations known as the french house located at 766 washington street braintree ma donated in 1999 with a estimated fair market value of $530,833. The organization owns an historical structure known as the gallivan house located at 776 washington street braintree ma purchase for $691,997 in 2005. This property was partially financed with a $450,000 note and $33,500 loan from the thayer birthplace endowment trust (the "endowment trust"), which the organization is the sole beneficiary. During the year ended april 30, 2009 the organization transferred this property to the braintree historical society thayer birthplace nominee trust (the"nominee trust") in exchange for 48% beneficial interest in the nominee trust. The endowment trust received 52% beneficial interest in the nominee trust in exchange for the second mortgage on the property in the amount of $450,000 due from the organization. In april 2004 the town of braintree ma donated a historical structure known as the mary bean cunningham research center/library located at 85 quincy ave braintree ma via a 99 year lease and was recorded as a capital lease and donation estimated fair value of $815,000. In december 2008 the organization entered into an agreement with the town of braintree ma to terminate the 99 year lease and return the property to the town. As a result the organization reported a loss for the year ended april 30, 2009 on the capital lease and renovations abandonment of $766,943.”

“The endowment trust funds was created and shall operate exclusively for charitable, historical or educational purposes in the town of braintree, ma and more particular for the benefit of the braintree historical society, inc. Or the the general sylvanus thayer birthplace so long as either shall be in effective existance.”

“The company does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits, penalty or interest for the year ended april 30, 2025.”