2023-02-24T18:27:45-06:00 2022-06-30 540737372 PBMARES LLP 4801 COURTHOUSE ST SUITE 128 WILLIAMSBURG VA 23188 990 2021-07-01 510243196 THE CHRYSLER MUSEUM INCORPORATED CHRY 7576646200 ONE MEMORIAL PLACE NORFOLK VA 23510 ERIK H NEIL EXECUTIVE DIRECTOR 7576646200 2023-02-03 1 ERIK NEIL XXX-XX-XXXX MELISSA H TUCKER CPA P00716515 7572297180 2023-02-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ERIK H NEIL ONE MEMORIAL PLACE NORFOLK VA 23510 43414982 0 X WWW.CHRYSLER.ORG X 1939 VA THE MUSEUM EXISTS TO PRESENT, PRESERVE, & INTERPRET WORKS OF ART FOR THE WELL-BEING OF THE PUBLIC. 28 28 159 193 337285 0 12409132 25196994 516444 1161846 5674358 7398989 532026 198927 19131960 33956756 0 0 0 0 4438552 5145462 213500 403606 1243317 4786596 7210797 9438648 12759865 9693312 21196891 120717636 126873495 1762525 1922424 118955111 124951071 THE CHRYSLER MUSEUM EXISTS TO ENRICH AND TRANSFORM LIVES. WE BRING ART AND PEOPLE TOGETHER THROUGH EXPERIENCES THAT DELIGHT, INFORM AND INSPIRE, PROVIDING VISITORS OPPORTUNITIES TO GAIN INSIGHT INTO THEMSELVES AND THEIR WORLD THROUGH ORIGINAL WORKS OF ART. 0 0 9964005 1406443 THE CHRYSLER MUSEUM OF ART IS AN EDUCATIONAL INSTITUTION THAT IS FREE AND OPEN TO THE PUBLIC. THE MUSEUM PRESENTS CHANGING EXHIBITIONS AS WELL AS A BROAD PERMANENT COLLECTION FROM A WIDE ARRAY OF CULTURES AND TIMES. TO THIS END, THE MUSEUM COLLECTS, PRESERVES, DISPLAYS AND INTERPRETS ORIGINAL WORKS OF ART FOR THE ENJOYMENT AND EDUCATION OF A DIVERSE CONSTITUENCY. IN NOVEMBER 2011, THE MUSEUM OPERATES A GLASS MAKING STUDIO ADJACENT TO ITS MAIN BUILDING. THE STUDIO OFFERS A FULL PROGRAM OF PUBLIC DEMONSTRATIONS AND CLASSES AS WELL AS A ROBUST SET OF EDUCATIONAL PARTNERSHIPS WITH REGIONAL COLLEGES AND UNIVERSITIES AND A DYNAMIC VISITING ARTIST PROGRAM. STUDIO PROGRAMMING IS DESIGNED TO COMPLEMENT AND ENRICH THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE MUSEUM'S OUTSTANDING COLLECTION OF HISTORICAL GLASS. 9964005 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 57 0 159 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X X THE CHRYSLER MUSEUM 7576646200 ONE MEMORIAL PLACE NORFOLK VA 23510 JANET BRADLEY TRUSTEE 0.20 X 0 0 0 GLENN CARRIGTON TRUSTEE 0.20 X 0 0 0 HAROLD J COBB JR TRUSTEE 0.20 X 0 0 0 MARK DREYFUS TRUSTEE 0.20 X 0 0 0 MATTHEW FINE TRUSTEE 0.20 X 0 0 0 PAUL D FRAIM TRUSTEE 0.20 X 0 0 0 ROBERT FRIEDMAN TRUSTEE 0.20 X 0 0 0 CHRISTINIA L GOODE TRUSTEE 0.20 X 0 0 0 VIRGINIA C HITCH TRUSTEE 0.20 X 0 0 0 SALLY KELLAM TRUSTEE 0.20 X 0 0 0 KIRK LEVY TRUSTEE 5.00 X X 0 0 0 SUZANNE MASTRACCO TRUSTEE 0.20 X 0 0 0 COLIN M MCKINNON TRUSTEE 0.20 X 0 0 0 PENNY MEREDITH TRUSTEE 0.20 X 0 0 0 CHARLOTTE M MINOR SECRETARY 5.00 X X 0 0 0 J DOUGLAS PERRY TRUSTEE 0.20 X 0 0 0 SUSAN QUATE TRUSTEE 0.20 X 0 0 0 C ARTHUR BROTHER RUTTER III CHAIRMAN 5.00 X X 0 0 0 BOB SASSER TRUSTEE 0.20 X 0 0 0 AUDREY SETTLE TRUSTEE 0.20 X 0 0 0 RONY THOMAS TRUSTEE 0.20 X 0 0 0 DR JANICE UNDERWOOD TRUSTEE 0.20 X 0 0 0 CHARITY VOLMAN TRUSTEE 0.20 X 0 0 0 RANDY WEBB TRUSTEE 0.20 X 0 0 0 WAYNE F WILBANKS VICE-CHAIRMAN 5.00 X X 0 0 0 DONALD WINCHESTER TRUSTEE 0.20 X 0 0 0 MICHAEL A WITYNSKI TRUSTEE 0.20 X 0 0 0 ERIK H NEIL EXECUTIVE DIRECTOR 40.00 X 272165 0 31663 DANA FUQUA DEPUTY DIRECTOR FOR OPERATIONS 40.00 X 129170 0 29608 SETH FEMAN DEPUTY DIRECTOR FOR ART & INTREPRETATION 40.00 X 108834 0 10022 COLLEEN HIGGINBOTHAM DEPUTY DIRECTOR FOR VISITOR SERVICES 40.00 X 107622 0 11234 CHERYL XYSTROS TREASURER 5.00 X 0 0 0 HEATHER SHERWIN DIRECTOR OF DEVELOPMENT 40.00 X 135871 0 11172 753662 0 93699 5 0 1 0 WORK PROGRAM ARCHITECTS 400 GRANBY STREET SUITE 301 NORFOLK VA 23510 ARCHITECTS 767990 MASTERPIECE INTERNATIONAL 39 BROADWAY STE 1410 NEW YORK NY 10006 ART SHIPPING 506507 COMMUNITY COUNSELING SERVICE PO BOX 824885 PHILADELPHIA PA 191824885 CAMPAIGN CONSULTANTS 403606 ELECTRONIC SYSTEMS PO BOX 603066 CHARLOTTE NC 28260 IT SERVICES 100604 4 1098624 2680718 21417652 5501468 25196994 FACILITY RENTAL 531120 448250 448250 GLASS STUDIO 812900 401962 401962 EDUCATIONAL PROGRAMS 611710 311634 311634 1161846 1081041 1081041 49254 49254 15579310 9261362 6317948 6317948 367453 5950495 370623 196864 173759 173759 CATERING COMMISSIONS 812900 70838 70838 RICHMOND FUND PARTNERSHIP INCOME 525990 -94924 -30168 -64756 -24086 33956756 1406443 337285 7016034 X 668226 418467 205801 43958 3754781 2903558 498102 353121 110605 86584 13476 10545 302603 264075 11772 26756 309247 240192 40821 28234 53470 53470 403606 403606 524689 524689 1838747 1569541 84991 184215 224655 207933 16722 801535 651540 57903 92092 135715 118205 2783 14727 574089 559341 7916 6832 67978 49513 6776 11689 56561 42268 6075 8218 13898 13898 62128 43378 11884 6866 177246 172575 2507 2164 ACCESSIONS 1395075 1395075 EXHIBITION FEES/INSTALL 745885 745885 REPAIRS AND MAINTENANCE 372511 360620 6970 4921 MUSEUM EVENTS 166615 121357 16607 28651 12759865 9964005 1552543 1243317 9422123 23226212 3872821 7170594 124808 123172 950967 727916 2499738 2186724 355825 313014 51309519 44699509 53831341 49971637 850232 641441 120717636 126873495 1098997 1337478 284528 280946 379000 304000 1762525 1922424 X 36800846 33485135 82154265 91465936 118955111 124951071 120717636 126873495 21196891 -15200931 0 X X 0 1 X 1 0 X 6573862 6977346 7655664 12409132 25196994 58812998 6573862 6977346 7655664 12409132 25196994 58812998 11326250 47486748 731434 1402620 1229266 650092 1130295 5143707 63956705 6153740 0.74250 0.86180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X EDUCATION 0 92893254 5205222 -7205054 3456202 87437220 70035098 1347280 23758101 2247225 92893254 68596577 2099573 1837280 2498332 70035098 65486954 1465310 4687397 3043084 68596577 59187198 2402373 6734831 2837448 65486954 0.33920 0.46360 0.19720 0 0 2499738 2186724 313014 313014 THE RICHMOND FUND 49542752 F CHARITABLE GIFT ANNUNITIES 428885 F 49971637 X 19041576 -15200931 810440 -14390491 33432067 524689 524689 33956756 13045616 810440 810440 12235176 524689 524689 12759865 PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MOST MUSEUMS, THE COLLECTION IS NOT PRESENTED IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. THE VALUE OF ACCESSIONS (COLLECTION ITEMS PURCHASED BY THE MUSEUM) AND THE DEACCESSION PROCEEDS ARE REPORTED AS NON-OPERATING ACTIVITIES IN THE ACCOMPANYING STATEMENTS OF ACTIVITIES. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. THE MUSEUM IS COMMITTED TO APPLYING THE HIGHEST PROFESSIONAL STANDARDS TO THE CARE AND PRESERVATION OF ITS UNIQUE COLLECTION. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ACCESSIONS AND DEACCESSIONS ARE APPROVED BY THE MUSEUM'S BOARD AND THE PROCEEDS FROM DEACCESSION ARE USED SOLELY FOR THE ACQUISITION OF COLLECTION ITEMS. ADDITIONALLY, IN AN EFFORT TO MAINTAIN THE PURCHASING POWER OF SUCH PROCEEDS, THE BOARD HAS SIMILARLY DESIGNATED THE INVESTMENT INCOME EARNED ON THESE FUNDS. AT JUNE 30, 2022 AND 2021, THE MUSEUM'S COLLECTION WAS INSURED AT A LEVEL DEEMED APPROPRIATE BY MANAGEMENT. PART III, LINE 4: THE CHRYSLER IS ONE OF AMERICA'S MOST DISTINGUISHED ART MUSEUMS. LOCATED IN HAMPTON ROADS, A COMMUNITY OF 1.5 MILLION IN SOUTHEASTERN VIRGINIA, THE CHRYSLER WELCOMES APPROXIMATELY 200,000 ANNUAL VISITORS FROM AROUND THE WORLD. THE MUSEUM IS HOME TO A WORLD CLASS COLLECTION OF OVER 30,000 PAINTINGS, SCULPTURES, PHOTOGRAPHS AND DECORATIVE ARTS PRIMARILY ASSEMBLED BY INDUSTRIALIST WALTER P CHRYSLER, JR. THE MUSEUM IS PARTICULARLY WELL KNOWN FOR ITS GLASS COLLECTION, ONE OF THE FINEST AND MOST COMPREHENSIVE ANYWHERE. THE MUSEUM ALSO ADMINISTERS A HISTORIC HOUSE: THE MOSES MYERS HOUSE; AS WELL AS A GLASS MAKING STUDIO, ALL OF WHICH ARE LOCATED IN DOWNTOWN NORFOLK. IN ADDITION TO ITS FINE PERMANENT COLLECTION, THE MUSEUM PRESENTS EACH YEAR A DYNAMIC SCHEDULE OF CHANGING EXHIBITIONS AND A WIDE VARIETY OF INTERPRETIVE PROGRAMS. EACH IS DESIGNED TO MAKE THE WORKS ON VIEW IN THE MUSEUM GALLERIES ACCESSIBLE AND MEANINGFUL TO DIVERSE AUDIENCES. THE CHRYSLER MUSEUM GLASS STUDIO IS AN EDUCATIONAL TOOL THAT OFFERS THE PUBLIC AN EXPERIMENTAL APPROACH TO THE EXCITING PROPERTIES OF GLASS. THIS ADDITION TO THE MUSEUM COMPLEMENTS OUR COMPREHENSIVE GLASS COLLECTION WITH AN ENGAGING APPROACH THAT DEMONSTRATES THE MANY GLASS PROCESSES USED TO CREATE THESE EXTRAORDINARY OBJECTS. PART V, LINE 4: ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUPPORTING THE MUSEUM. PART X, LINE 2: THE MUSEUM IS AN ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. EXEMPT ORGANIZATIONS ARE SUBJECT TO TAX ON INCOME FROM REGULARLY CONDUCTED TRADE OR BUSINESS ACTIVITIES THAT ARE NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. THE MUSEUM HAD NET OPERATING LOSS CARRYFORWARDS AT JUNE 30, 2022 AND 2021 OF APPROXIMATELY $184,000 AND $448,000, RESPECTIVELY, RELATED TO ITS UNRELATED BUSINESS INCOME. DUE TO THE UNCERTAINTY RELATED TO THE POTENTIAL USE OF THESE NET OPERATING LOSS CARRYFORWARDS, MANAGEMENT HAS APPLIED A FULL VALUATION ALLOWANCE AGAINST THE RELATED DEFERRED TAX ASSET. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, APPROXIMATELY $264,000 AND $408,000, RESPECTIVELY, OF PRIOR NET OPERATING LOSS CARRYFORWARDS WERE UTILIZED. TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATIONS FOR THREE YEARS FROM THE DATE FILED. MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE MUSEUM'S TAX FILINGS AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. THE MUSEUM'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, AS MISCELLANEOUS EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 196,864. TRANSFER OF BOARD DESIGNATED RESERVES 613,576. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE 524,689. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 196,864. TRANSFER OF BOARD DESIGNATED RESERVES 613,576. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEE 524,689. X 1 COMMUNITY COUNSELING SERVICE PO BOX 824885 PHILADELPHIA PA 19182 CONSULTING SERVICES-STRATEGY & IMPLEMENTATION OF FUNDRAISING 0 51262815 403606 50859209 51262815 403606 50859209 VA X X X 0 0 0 0 0 0 0 0 0 ERIK H NEIL EXECUTIVE DIRECTOR 272165 0 0 0 0 0 5000 0 26663 0 303828 0 0 0 DANA FUQUA DEPUTY DIRECTOR FOR OPERATIONS 129170 0 0 0 0 0 5776 0 23832 0 158778 0 0 0 X 490 X 45 5501468 FMV ON DATE RECEIVED 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED PART I, LINE 33: IN ACCORDANCE WITH GAAP, THE MUSEUM DOES NOT RECORD CONTRIBUTIONS OF ART AS REVENUE FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE CHRYSLER MUSEUM IS COMPOSED OF TWENTY-EIGHT (28) TRUSTEES. THE CITY COUNCIL OF THE CITY OF NORFOLK APPOINTS FIFTEEN (15) OF THE TRUSTEES. THE BOARD OF THE NORFOLK SOCIETY OF ARTS ELECTS TWO (2) OF THE TRUSTEES. ELEVEN (11) TRUSTEES ARE ELECTED BY THOSE TRUSTEES WHO ARE NEITHER APPOINTED BY THE COUNCIL OF THE CITY OF NORFOLK NOR ELECTED BY THE BOARD OF THE NORFOLK SOCIETY OF THE ARTS. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM DIRECTOR ENSURES THAT TAX RETURNS AND OTHER GOVERNMENT-ORDERED PAYMENTS OR REPORTS ARE FILED IN A TIMELY AND ACCURATE MANNER. THE MUSEUM'S FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE MUSEUM'S IRS FORM 990 ANNUAL TAX FILING FOR PRESENTATION TO THE FULL BOARD. THE MUSEUM DIRECTOR THEN SIGNS AND CERTIFIES THAT THE MUSEUM'S IRS FORM 990 IS ACCURATE AND COMPLETE. THE FULL BOARD DISCUSSES AND APPROVES THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE THEIR CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST POLICY IS AN INTEGRAL PART OF THE BOARD OF TRUSTEES INITIAL ORIENTATION AND DISCUSSED ANNUALLY. ADDITIONALLY, THE DIRECTOR AND DEPUTY DIRECTOR OF OPERATIONS REVIEW EACH TRUSTEE'S DISCLOSURE ANNUALLY AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND EVALUATES POTENTIAL CONFLICTS TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A STAFF COMPENSATION: ON AN ANNUAL BASIS, THE MUSEUM ANALYZES THE FAIRNESS OF COMPENSATION BY USING LOCAL, NATIONAL, AND INDUSTRY SPECIFIC SURVEY DATA. THE MARKET DATA WILL TO THE EXTENT POSSIBLE, INCLUDE MUSEUMS AND OTHER NOT FOR PROFIT CULTURAL INSTITUTIONS, HOWEVER, THE MUSEUM ALSO USES MORE GENERALIZED SURVEY DATA. MUSEUM DIRECTOR'S COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES AN ANNUAL COMPENSATION PLAN FOR THE MUSEUM'S DIRECTOR. THE MUSEUM'S DIRECTOR'S COMPENSATION IS BASED ON THE CURRENT MARKET VALUE OF THE POSITION BASED ON THE SKILLS AND KNOWLEDGE REQUIRED FOR THE POSITION. IN ADDITION TO SALARY, THE MUSEUM DIRECTOR CAN BE AWARDED A PERFORMANCE-BASED BONUS. A WRITTEN PERFORMANCE APPRAISAL IS COMPLETED FOR THE MUSEUM DIRECTOR EACH YEAR TO SUBSTANTIATE THE ENTIRE COMPENSATION PACKAGE. BOTH THE PERFORMANCE APPRAISAL AND ANY PAY INCREASE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT WWW.CHRYSLER.ORG FORM 990, PART IX, LINE 11G CONSULTING AND HONORARIA: PROGRAM SERVICE EXPENSES 1,569,541. MANAGEMENT AND GENERAL EXPENSES 84,991. FUNDRAISING EXPENSES 184,215. TOTAL EXPENSES 1,838,747. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF THE BOARD IS RESPONSIBLE FOR OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS. THIS POLICY REMAINS UNCHANGED FROM THE PRIOR YEAR.