Coventry Historical Society Incorpporated

“| Employee:, Relationship:, Employee:| James Wicks, Family Relationship, Joyce Wicks|”

“Members can vote when present at the annual meeting for the budget and executive board members and officers. A nominating committee presents the initial nominees for board members at large and officers but members can nominate alternates. The executive board members including officers are required to be members in order to serve and are delegated the authority to conduct normal business. P”

“| Class of the Person:, Nature of their rights:| All members present at the annual meeting, Vote to approve the annual budget and elect officers and other executive board members|”

“The Secretary records the minutes. Committees can support activities such as programs but can only recommend expenditures and revenue rates subject to approval by the executive board.”

“No review was or will be conducted”

“No documents available to the public”

“| Employee Name:, Description:| Susan Way, Archivist is compensated for performing archival duties generally up to 12 hrs per week and also volunteers ~6.4hrs wk for other activities|”

“| Explanation:| Part VI Line 1a - Two self-employed persons are hired on a part-time basis performing Archiving duties. One self-employed person is a board member. See Section VII regarding the board member and other self-employed persons compensation.”

“| Explanation:| Two of the 12 board members are related. Neither is compensated”

“| Explanation:| There are approximately 30 to 60 members of which up to 12 board members including four President Vice President Treasurer Secretary.”

“| Explanation:| The members elect the members of the governing body which consists of 12 board members including its four officers President Vice President Treasurer Secretary”

“| Explanation:| Members vote to approve the annual budget and nominate Officers and other Board Members for election at the annual board meeting”

“| Explanation:| Committees are limited to formulating recommendations that are presented and subject to board approval. Those recommendations are documented at board meetings.”

“| Explanation:| The Form 990 and attached schedules were provided to board members by email and discussed at the following board meeting to members present. All board members were invited to ask questions or provide input via email or at the board meeting.”

“| Explanation:| Policies and financial statements to the public are made upon request.”

“| Explanation:| The Archivist is a Board Member. The Archivist volunteers 6.4hrs wk and is compensated for the difference in total hours listed. All other Board members besides the Archivist perform volunteer hours only.”

“| Explanation:| During the 2023 filing year FY ending on 9 30 24 the CHS received a distribution from the estate of Adelma Grenier Simmons who willed the entirety of her estate to setting up a non-profit foundation. The foundation failed and the probate court approved the Connecticut State Attorney Generals petition of approximation cy pres to transfer the residue of the estate to the effectively the charitable assets of the Non-Profit foundation to CHS to be use as a restricted fund for non-profit purposes that are in alignment with the CHSs tax-exempt purpose. The CHS did not characterize this donation as an unusual donation in Schedule A due to its assignment of existing charitable assets on a restricted basis via cy pres as petitioned by the States attorney general.”

“| Explanation:| 30% of the square footage of the CHSs main museum is rented to a tenant that performs some docent duties in accordance with the lease. Rental expenses are pro-rated at: 1 100% for direct repair expenses; 2 50% for yard maintenance and internet; 3 30% for common building systems; 4 75% for waste Trash & Septage; 10% for property insurance.”

“| Explanation:| Inventory sold is mostly educational books and artifacts donated.”

“| Description:, Amount:| Part time help 3hrs per week for archiving assistance, $2730|”

“| Description:, Explanation:, Amount:| Wells Fargo Mutual Stock Fund - Sweep Account Interest, Included in Part VIII Line 3 but Re-invested back into the fund and reduces the FMV of that fund, $-65| Wells Fargo Mutual Stock Fund Ordinary Dividends, Included in Part VIII Line 3 but Re-invested back into the fund and reduces the FMV of that fund, $-7548| Wells Fargo Mutual Stock Fund Capital Gains Distribution, Included in Part VIII Line 3 but Re-invested back into the fund and reduces the FMV of that fund, $-1470| Wells Fargo Gain Loss from sale of stocks of which the proceeds were reinvested back into the fund., Included in Part VIII Line 7.c. but Re-invested back into the fund and reduces FMV of the fund, $-1380|”

“| Explanation:| Part time help 3hrs per week for archiving assistance $2730”

“| Explanation:| These expenses are attributed to educational lectures held by CHS.”

“| Explanation:| Part XI Line 9 - The FMV of securities in Line 11 of Part X is overstated by the amount of Mutual Stock Fund Realized Sweep account int. 65 ord. div. 7548 Cap. Gains 1470 recognized VIII Line 3 Plus Realized gain loss 1380 Reported in VIII line 7.c. XI Line 9. reconciles this by reducing FMV of the securities value reported in X Line 11”

“| Explanation:| Checked yes for id the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming gambling winnings to prize winners? because the software required checking yes or no. However there were no reportable gaming activities.”

“| Explanation:| Regarding Part V Line 1a: ... The organization prepared Form 1099-NECs for the 2024 tax year but was unable to timely file Form 1096 due to a nationwide backorder of the specific paper forms required for submission. The organization attempted to file electronically via the new IRS IRIS system but was unable to complete registration due to multi-party authentication requirements incompatible with our volunteer board structure. We have submitted the required paper forms upon obtaining them and in parallel with this Form 990 Submission.”