2026-06-23T10:23:06-04:00 2025-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2025-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR PRESIDENT/CEO 3367217316 2026-06-23 true JANE R POTTER P01057495 3367682310 2026-06-23 2025 2025-03-06 01:10:19Z TERRY TAYLOR 600 S MAIN STREET WINSTONSALEM NC 27101 6312038 false X WWW.OLDSALEM.ORG X 1950 NC THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 29 29 129 42 0 2853441 2368829 1009020 952402 3006124 1978335 814847 723992 7683432 6023558 0 0 3588285 3658958 0 408433 2803250 2507942 6391535 6166900 1291897 -143342 73818193 78197865 1863643 1551940 71954550 76645925 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 2315750 752135 EDUCATIONAL PROGRAM: INTERPRETIVE TOURS, SPECIAL EVENTS 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false false 320698 320698 19787789 11646143 8141646 620091 453169 166922 1165778 963001 202777 2396 2396 8832043 COLLECTIONS 21030117 ENDOWMENT 3315939 RIGHT OF USE ASSET 180751 OTHER ASSETS 105783 24632590 LEASE LIABILITY 180751 180751 X 11086694 4834717 287286 5122003 5964691 58867 58867 6023558 6395319 287286 287286 6108033 58867 58867 6166900 SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENTS CONSISTS OF DEED COVENANTS THAT THE ORGANIZATION HOLDS ON PROPERTIES THAT HAVE PASSED THROUGH ITS OWNERSHIP. NO VALUE IS RECORDED FOR THESE DEED COVENANTS. SCHEDULE D, PAGE 2, PART III, LINE 4 OBJECTS HELD FOR DISPLAY COMPRISE THOUSANDS OF ITEMS, INCLUDING LOCAL- MANUFACTURED ANTIQUE FURNITURE, FIXTURES FROM HISTORIC BUILDINGS, TEXTILES, ARTWORK, AND LITERATURE. THE COLLECTION IS ESSENTIAL TO THE ORGANIZATION'S MISSION. THE ORGANIZATION HAS AN ESTABLISHED COLLECTIONS MANAGEMENT POLICY AROUND THE ACCESSION (ACQUISITION), DEACCESSION (DISPOSAL), LOAN, AND CARE OF THE COLLECTION. PROCEEDS RECEIVED AS A RESULT OF ANY DEACCESSION ARE USED FOR THE SOLE PURPOSE OF REFINING AND UPGRADING PERMANENT COLLECTIONS THROUGH ACQUISITION OR DIRECT OBJECT CONSERVATION. COLLECTION ITEMS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSES. THE ORGANIZATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT- FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSES. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE ORGANIZATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE ORGANIZATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE ORGANIZATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 234,509 RENTAL EXPENSES 11,163 FUNDRAISING EVENT EXPENSES 41,614 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 234,509 RENTAL EXPENSES 11,163 FUNDRAISING EVENT EXPENSES 41,614 CIRCLE OF FRIEN 108000 97050 10950 9108 32506 108000 97050 10950 9108 32506 41614 -30664 X 4 10896 FAIR MARKET VALUE X 13 90781 FMV AND APPRAISALS X FLORAL ARRANGEM 1 5778 FAIR MARKET VALUE 1 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND SUBMITTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE EXECUTIVE COMMITTEE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO OUR BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL STATEMENT OF COMPLIANCE IS OBTAINED FROM EACH TRUSTEE AND KEY EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST.