2024-06-20T16:56:13-04:00 2023-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2023-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR PRESIDENT/CEO 3367217316 2024-05-28 true TERRY TAYLOR 999009999 false JANE R POTTER P01057495 3367682310 2024-06-20 2023 2023-04-26 12:10:37Z TERRY TAYLOR 600 S MAIN STREET WINSTONSALEM NC 27101 7677778 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. 30 30 144 39 0 1465994 3279336 660727 925977 3512640 1988255 911773 866694 6551134 7060262 0 0 2789602 3341251 0 386251 2464139 2760656 5253741 6101907 1297393 958355 66335974 69957134 1002707 972570 65333267 68984564 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 2122968 749905 EDUCATIONAL PROGRAM: INTERPRETIVE TOURS, SPECIAL EVENTS AND MUSEUM CLASS PROGRAMS ARE HELD FOR EDUCATIONAL PURPOSES. 1218134 430287 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 1646936 581754 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. 4988038 true true false false false false true true false true true false false true true true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 49 0 true 144 true false false false false false false false false false false false false X 30 30 false false false false false false false true true false false true true true true true true true false false NC X OLD SALEM INC 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR PRESIDENT/CE 40.00 X 134434 0 6580 TRENT JERNIGAN TRUSTEE 1.00 X 0 0 0 JUNE LUCAS TRUSTEE 1.00 X 0 0 0 WILLIAM E HOLLAN III TRUSTEE 1.00 X 0 0 0 MOLLY A LEIGHT TRUSTEE 1.00 X 0 0 0 JAMES E MARTIN TRUSTEE 1.00 X 0 0 0 DR THOMAS H SEARS JR TRUSTEE 1.00 X 0 0 0 DAVID W SHORE TRUSTEE 1.00 X 0 0 0 FLETCHER P WILSON TRUSTEE 1.00 X 0 0 0 DR EUGENE W ADCOCK TRUSTEE 1.00 X 0 0 0 CHERYL BLACK TRUSTEE 1.00 X 0 0 0 DR EDWARD G HILL JR TRUSTEE 1.00 X 0 0 0 PEGGY C CARTER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER L DUVALL TRUSTEE 1.00 X 0 0 0 JULIANA FALK TRUSTEE 1.00 X 0 0 0 DR TORREN GATSON TRUSTEE 1.00 X 0 0 0 WILLIAM T GOSSETT TRUSTEE 1.00 X 0 0 0 TOMMY C HINES TRUSTEE 1.00 X 0 0 0 G WILLIAM JOYNER III TRUSTEE 1.00 X 0 0 0 JESSE KEEVER TRUSTEE 1.00 X 0 0 0 BRADLEY S PARRIS TRUSTEE 1.00 X 0 0 0 FREDERICK W VAUGHAN TRUSTEE 1.00 X 0 0 0 F SHEFFIELD HALE EX OFFICIO 1.00 X 0 0 0 SUMMER MCGEE EX OFFICIO 1.00 X 0 0 0 JOHNNIE PEARSON EX OFFICIO 1.00 X 0 0 0 DOUGLAS WILLIAMS EX OFFICIO 1.00 X 0 0 0 KARL W KAPP EX OFFICIO 1.00 X 0 0 0 DAVID WHARTON CHAIR 1.00 X X 0 0 0 CHRISTOPHER P CARACCI VICE CHAIR 1.00 X X 0 0 0 S HAYES WAUFORD JR SECRETARY 1.00 X X 0 0 0 WILLIAM C MARINER TREASURER 1.00 X X 0 0 0 134434 6580 1 false false false SALEM HERITAGE 2000 WEST FIRST STREET SUITE 411 WINSTONSALEM NC 27104 CONSTRUCTION 121660 1 1787571 1491765 639430 3279336 ADMISSIONS 900099 780809 780809 MUSEUM CLASSES 900099 145168 145168 925977 1244080 1244080 399 399 31432 15365 16067 16067 16067 1024309 93327 373461 1024309 -280134 744175 744175 1064659 228690 835969 835969 MISCELLANEOUS REVENUE 900099 14259 14259 14259 7060262 1761946 2018980 141014 56406 70507 14101 2724614 2263901 244357 216356 65045 53356 6220 5469 198834 165867 16353 16614 211744 171555 22800 17389 8475 8475 42201 15583 26303 315 58762 58762 259497 134100 107807 17590 82411 79916 2495 218562 139343 48705 30514 299395 283352 14867 1176 108530 108120 342 68 2781 2501 233 47 593849 522004 71845 141516 136244 3044 2228 SUPPLIES 462967 395116 18855 48996 MAINTENANCE 393199 392433 439 327 MISCELLANEOUS 54197 43360 2366 8471 EQUIPMENT RENTAL 34028 24881 5052 4095 286 286 6101907 4988038 727618 386251 1375894 1410295 356627 692294 115947 147255 85903 125200 22775239 12921633 10756805 9853606 34727259 37932931 18917539 19795553 66335974 69957134 588468 623847 120734 43525 293505 305198 1002707 972570 X 29228042 29530972 36105225 39453592 65333267 68984564 66335974 69957134 958355 2692942 X false true X true false X 2405788 2031916 1862981 1465994 3279336 11046015 2405788 2031916 1862981 1465994 3279336 11046015 138381 10907634 1073482 779561 962808 1540142 1275911 5631904 58000 6190 11215 14259 89664 16767583 7779961 0.65050 0.63630 X PART II, LINE 10 FUNDRAISING REVENUE 64,190 MISCELLANEOUS 25,474 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 36 36 1 false 10.00 649 628975 17403473 X X X X false 35861760 11669 4901931 1557376 51649 39166335 42675961 29743 -4956086 1805067 82791 35861760 38374548 3930 5962760 1665277 42675961 37612870 11081 3893741 3143144 38374548 32765247 367490 6406388 1926255 37612870 0.05040 0.47720 0.47240 false false 320698 320698 20437816 11346019 9091797 645269 441456 203813 1369060 1131762 237298 2396 2396 9853606 COLLECTIONS 17403473 ENDOWMENT 1973935 RIGHT OF USE ASSET 305198 OTHER ASSETS 112947 19795553 LEASE LIABILITY 305198 305198 X 9953513 2692942 15015 244056 2952013 7001500 58762 58762 7060262 6302216 15015 244056 259071 6043145 58762 58762 6101907 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 228,690 RENTAL EXPENSES 15,366 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 228,690 RENTAL EXPENSES 15,366 X 6 9226 FAIR MARKET VALUE X 24 628975 FMV AND APPRAISALS X SUPPLIES 1 1229 FAIR MARKET VALUE 5 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.