2023-04-25T14:09:02-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2021-07-01 560670666 MINT MUSEUM OF ART INC MINT 7043372000 2730 RANDOLPH ROAD CHARLOTTE NC 28207 DR TODD A HERMAN PRESIDENT AND CEO 7043372000 2023-04-19 1 DR TODD A HERMAN 999009999 AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR TODD A HERMAN 2730 RANDOLPH ROAD CHARLOTTE NC 28207 11572211 0 X WWW.MINTMUSEUM.ORG X 1936 NC THE MINT MUSEUM IS A LEADING, INNOVATIVE MUSEUM OF INTERNATIONAL ART AND DESIGN COMMITTED TO ENGAGING AND INSPIRING ALL MEMBERS OF OUR GLOBAL COMMUNITY. THE MINT MUSEUM IS DEDICATED TO LEADERSHIP IN COLLECTING, EXHIBITING, CONSERVING, RESEARCHING, PUBLISHING, INTERPRETING, AND SHARING ART AND DESIGN FROM AROUND THE WORLD. THESE COMMITMENTS ARE CENTRAL TO THE MUSEUM'S CORE VALUES OF LEADERSHIP, INTEGRITY, INCLUSIVENESS, KNOWLEDGE, STEWARDSHIP, AND INNOVATION, PROMOTING UNDERSTANDING OF AND RESPECT FOR DIVERSE PEOPLES AND CULTURES. MUSEUM ADMISSION, SPECIAL EVENTS, LEARNING AND ENGAGEMENT PROGRAMS, AND OUTREACH INITIATIVES DEEPEN THE RELATIONSHIP BETWEEN THE ARTS AND CULTURE SECTOR AND THE DIVERSE COMMUNITY WE SERVE - REACHING OVER 500,000 PEOPLE THROUGH VISITATION AND ONLINE CHANNELS. 24 24 93 1700 489510 352741 6400647 8636470 288242 731182 44916 8115 449663 1544137 7183468 10919904 0 0 0 0 4381016 4516470 0 0 837501 5005556 7440771 9386572 11957241 -2203104 -1037337 87046895 82589737 2732734 2808321 84314161 79781416 X THE MINT MUSEUM WELCOMES ALL TO BE INSPIRED AND TRANSFORMED THROUGH THE POWER OF ART AND CREATIVITY. 0 0 9517386 0 1060671 FOR THE MAJORITY OF FY22, THE MINT CONTINUED ITS CORE ACTIVITIES, INCLUDING EXPANDING ITS PERMANENT COLLECTIONS THROUGH IMPORTANT ACQUISITIONS; LAUNCHING NEW EXHIBITIONS COMPRISING WORKS FROM THE PERMANENT COLLECTIONS AND ON LOAN; ENGAGING VISITORS OF ALL AGES AND BACKGROUNDS THROUGH EDUCATION AND OUTREACH INITIATIVES; AND IMPLEMENTING NEW COMMUNICATION STRATEGIES, TECHNOLOGIES, AND METHODS TO REACH AND ENGAGE NEW AUDIENCES. FY22 SPECIAL EXHIBITIONS INCLUDED: JOHN LESLIE BRECK: AMERICAN IMPRESSIONIST WHICH OPENED IN SEPTEMBER 2021, WAS INSPIRED BY THE MINT'S 2016 ACQUISITION OF JOHN LESLIE BRECK'S CANVAS SUZANNE HOSCHED-MONET SEWING. THIS SHOW WAS THE FIRST EVER RETROSPECTIVE OF BRECK'S BEAUTIFUL IMPRESSIONIST PAINTINGS. THIS IMPORTANT EXHIBITION INCLUDED APPROXIMATELY 70 OF BRECK'S FINEST WORKS, DRAWN FROM PUBLIC AND PRIVATE COLLECTIONS. MANY OF THE WORKS IN THE EXHIBITION HAD NOT BEEN ON PUBLIC VIEW IN MORE THAN A CENTURY. BRECK WAS ONE OF THE FOUNDERS OF THE AMERICAN ART COLONY AT GIVERNY AND WAS AMONG THE EARLIEST AMERICAN ARTISTS TO EMBRACE THE IMPRESSIONIST STYLE. BETWEEN 1887 AND 1888, HE AND A HANDFUL OF HIS AMERICAN COLLEAGUES BEGAN VISITING THE FRENCH VILLAGE OF GIVERNY, WHERE THEY MET CLAUDE MONET AND SUBSEQUENTLY EXPLORED THE NEW APPROACH TO PAINTING THAT MONET HAD HELPED PIONEER. WHEN BRECK RETURNED TO AMERICA IN 1892, HE APPLIED WHAT HE HAD LEARNED TO PAINTINGS OF THE NEW ENGLAND LANDSCAPE AND FREQUENTLY EXHIBITED HIS WORK. AFTER DEBUTING AT THE MINT MUSEUM, THIS EXHIBITION TRAVELED TO THE DIXON GALLERY AND GARDENS IN THE WINTER OF 2022, AND THEN TO THE FIGGE ART MUSEUM IN THE SPRING THROUGH AUGUST 2022.THE WORLD OF ANNA SUI ORGANIZED BY THE FASHION AND TEXTILE MUSEUM IN LONDON OPENED AT MINT MUSEUM RANDOLPH IN NOVEMBER 2021. THIS EXHIBITION HAS TOURED THE GLOBE FROM NEW YORK TO SHANGHAI, AND THE MINT WAS THE LAST STOP FOR THE CURRENT INTERNATIONAL TOUR. THE EXHIBITION GIVES INSIGHTS INTO ANNA SUI'S PROCESS, ALLOWING THE VIEWER TO STEP INSIDE HER IMAGINATION AND SEE IT UNFOLD. SHE REINVENTED POP-CULTURE FASHION WITH HER SIGNATURE ROCK-AND-ROLL ROMANTIC LABEL IN THE 1990S. THE MINT WAS FORTUNATE TO HAVE ANNA JOIN US FOR THE OPENING AND CLOSING CELEBRATIONS FOR THIS EXHIBITION.CRAFT IN THE LABORATORY: THE SCIENCE OF MAKING THINGS OPENED IN FEBRUARY 2022, AND IS THE FIRST INSTALLATION IN THE SOUTHEAST TO EXPLORE HOW CRAFT ARTISTS AND DESIGNERS USE SCIENCE AND MATH CONCEPTS WHEN CREATING WORKS OF ART, REVEALING PARALLEL APPROACHES TO PROBLEM-SOLVING AMONG THESE MAKERS AND PROFESSIONALS IN STEM FIELDS (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS). THE ACRONYM STEAM, WHICH INSERTS "ART" AMONG THE FOUR OTHER FIELDS, EMPHASIZES HOW THEY ALL INTERSECT AND REFLECTS EDUCATORS AND ARTS PROFESSIONALS' ASSERTION OF THEIR EQUAL IMPORTANCE IN K-12 AND COLLEGE EDUCATION. THIS EXHIBITION ALSO SERVES AS A REINSTALLATION OF THE MINT'S CRAFT + DESIGN GALLERIES AT MINT MUSEUM UPTOWN THE FIRST SINCE 2010.FINALLY, COINED IN THE SOUTH OPENED IN MAY 2022, IN CONJUNCTION WITH THE MINT'S AFFILIATE GROUP - THE YOUNG AFFILIATES OF THE MINT (YAMS). THIS JURIED EXHIBITION HIGHLIGHTED 41 ARTISTS FROM ACROSS THE SOUTHEAST. WHILE THIS IS ONLY THE SECOND ITERATION OF COINED IN THE SOUTH, IT IS THE FIFTH SURVEY OF SOUTHEASTERN CONTEMPORARY ARTISTS ORGANIZED BY THE YAMS. THE SHOW SEEKS TO BRIDGE THE GAP BETWEEN THE MUSEUM, THE GALLERY, AND THE STUDIO TO HIGHLIGHT THE INNOVATIVE AND THOUGHT-PROVOKING WORK PRODUCED BY THE CREATIVE INNOVATORS OF THE SOUTHEASTERN ARTS COMMUNITY. THE SHOW IS NOT CONFINED TO ANY SINGLE AESTHETIC, THEME OR MEDIUM; DESIGN, CERAMIC, AND FIBER WORKS ARE INSTALLED ALONGSIDE PAINTINGS, DIGITAL MEDIA, AND WORKS ON PAPER. THESE EXHIBITIONS SERVED AS A LAUNCHING PAD FOR THEMATIC IN-PERSON PROGRAMMING. THE MUSEUM CONTINUED TO SUCCESSFULLY HOST COMMUNITY ENGAGEMENT PROGRAMS TO BUILD ON THE DEEP RELATIONSHIPS MADE WITH BOTH PARTNERS AND PARTICIPANTS SUCH AS MINT TO MOVE, WILD WEDNESDAYS, BI-LINGUAL STORIES AND MUSIC, WEDNESDAY NIGHT LIVE, AND ART 101. ADDITIONALLY, WE CONTINUED TO DISTRIBUTE FREE ART KITS - FUN AND EASY ACTIVITIES, COMPLETE WITH SUPPLIES, TO CREATE ART AT HOME. THE MONTHLY FREE ART KIT CORRESPONDS TO AN EXHIBITION ON VIEW OR A PIECE FROM THE MINT'S PERMANENT COLLECTION. TYPICALLY, ABOUT 500 KITS ARE HANDED OUT TO THE PUBLIC EACH MONTH. FINALLY, WE CONTINUED TO HOST "PARTY IN THE PARK" ON THE LAST SUNDAY OF EACH MONTH AT MINT MUSEUM RANDOLPH. IN FY22, OVER 4,000 VISITORS ENJOYED FREE ADMISSION TO THE MUSEUM, FOOD TRUCKS, AND LIVE MUSIC ON THE FRONT TERRACE AS PART OF THE "PARTY IN THE PARK" EXPERIENCE. THE MINT IS COMMITTED TO MAKING THE ARTS PART OF THE FABRIC OF DAILY LIFE AND SERVING AS A CULTURAL DESTINATION THROUGH INNOVATIVE EXHIBITIONS, PROGRAMS, AND OUTREACH THAT STIMULATE NEW WAYS OF THINKING ABOUT THE WORLD. THE MINT STRIVES TO SERVE AS A TRANSFORMATIONAL CENTER FOR COMMUNITY ENGAGEMENT AND INSPIRATION.ANNUALLY, THE MINT PARTNERS WITH MANY ORGANIZATIONS WITHIN THE COMMUNITY TO OFFER A BROAD ARRAY OF PROGRAMMING THAT REACHES AS MANY COMMUNITY MEMBERS AS POSSIBLE. KEY PARTNERS INCLUDE: CHARLOTTE MECKLENBURG SCHOOLS, THE LATIN AMERICAN WOMEN'S ASSOCIATION, LATIN AMERICAN COALITION, ART S CHARLOTTE, CIRCLE DE LUZ, HARVEY B. GANTT CENTER FOR AFRICAN-AMERICAN ARTS + CULTURE, DANCES OF INDIA RUMBAO LATIN DANCE COMPANY, SOUTHEASTERN MUSEUM CONFERENCE, PBS AFFILIATE WTVI CHARLOTTE, BECHTLER MUSEUM OF MODERN ART, MCCOLL CENTER FOR VISUAL ART, BLUMENTHAL PERFORMING ARTS CENTER, CHARLOTTE BALLET, OPERA CAROLINA, CHARLOTTE SYMPHONY, CHARLOTTE MECKLENBURG LIBRARY, UNIVERSITIES AND COLLEGES, AND OTHERS.MINT STAFF MEMBERS RELATE TO THEIR PEERS THROUGH VARIOUS NATIONAL GROUPS, INCLUDING THE SOUTHEASTERN MUSEUMS CONFERENCE, THE AMERICAN ALLIANCE OF MUSEUMS, THE COLLEGE ART ASSOCIATION, AND THE ASSOCIATION OF ART MUSEUM CURATORS.THE MINT CONTRIBUTES ANNUALLY TO THE REGIONAL ECONOMY THROUGH EMPLOYMENT, SALES, AND TAXES. SALARIES AND WAGES FOR MINT EMPLOYEES AMOUNTS TO APPROXIMATELY $3.7M ANNUALLY, WHILE CONTRACT FEES TOTAL APPROXIMATELY $2.2M. PAID TAXES ARE APPROXIMATELY $496K, WHICH INCLUDE PAYROLL, LOCAL, STATE, AND FEDERAL TAXES. THE MINT'S SPECIAL EVENTS AND SHOPS REVENUE AMOUNTS TO APPROXIMATELY $1.7M ANNUALLY, AND THESE EFFORTS SERVE AS IMPORTANT VENUES FOR LOCAL BUSINESSES (CATERERS, EVENT PLANNERS, VENDORS) TO PARTNER AND THRIVE. FINALLY, 1,700 ANNUAL VOLUNTEERS OFFER A KEY RESOURCE, RESULTING IN AN ANNUAL COST SAVINGS OF APPROXIMATELY $255K BASED UPON THE 2023 HOURLY VOLUNTEER RATE OF $29.95 PER HOUR. 9517386 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 160 0 1 93 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X X ULANDA BRISTER 7043372054 2730 RANDOLPH ROAD CHARLOTTE NC 28207 MILTON PRIME TREASURER 1.00 0.00 X X 0 0 0 TONI KENDRICK SECRETARY 1.00 0.00 X X 0 0 0 NATALIE FRAZIER ALLEN CHAIR 1.00 0.00 X X 0 0 0 MARY BEAVER DIRECTOR 1.00 0.00 X 0 0 0 STEPHANIE BISSELL DIRECTOR 1.00 0.00 X 0 0 0 LEN BOTKIN DIRECTOR 1.00 0.00 X 0 0 0 ARMANDO CHARDIET DIRECTOR 1.00 0.00 X 0 0 0 KATE COLE DIRECTOR 1.00 0.00 X 0 0 0 LUCY HARDISON DIRECTOR 1.00 0.00 X 0 0 0 LORIE M SPRATLEY DIRECTOR 1.00 0.00 X 0 0 0 SUSAN MCKEITHEN DIRECTOR 1.00 0.00 X 0 0 0 SEAN JONES PAST CHAIR 1.00 0.00 X 0 0 0 QUINCY LEE DIRECTOR 1.00 0.00 X 0 0 0 POSEY MEALY DIRECTOR 1.00 0.00 X 0 0 0 RICHARD PAYNE JR DIRECTOR 1.00 0.00 X 0 0 0 AMY PITT DIRECTOR 1.00 0.00 X 0 0 0 BETH QUARTAPELLA DIRECTOR 1.00 0.00 X 0 0 0 MANUEL RODRIGUEZ DIRECTOR 1.00 0.00 X 0 0 0 ANN TARWATER DIRECTOR 1.00 0.00 X 0 0 0 JUDITH TOMAN DIRECTOR 1.00 0.00 X 0 0 0 PAUL WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 LEIGH-ANN SPROCK DIRECTOR 1.00 0.00 X 0 0 0 ROCKY TRENKELBACH DIRECTOR 1.00 0.00 X 0 0 0 CHARLOTTE WICKHAM DIRECTOR 1.00 0.00 X 0 0 0 DR TODD A HERMAN PRESIDENT & CEO 40.00 0.00 X 289836 0 19366 GARY C BLANKEMEYER COO/CFO 40.00 0.00 X 177092 0 14721 JENNIFER SUDUL EDWARDS CHIEF CURATOR 40.00 0.00 X 104862 0 11878 HILLARY COOPER CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 120219 0 2734 ANNIE CARLANO SENIOR CURATOR 40.00 0.00 X 110206 0 11961 802215 0 60660 5 0 1 0 SUNSTATES SECURITY LLC 801 CORPORATE CENTER DR RALEIGH NC 27607 SECURITY SERVICES 491700 THE BUDD GROUP INC 2325 STRATFORD RD WINSTONSALEM NC 27103 HOUSEKEEPING/LANDSCAPING 326133 BARRINGER CONSTRUCTION 4020 OLD PINEVILLE ROAD CHARLOTTE NC 28217 CONSTRUCTION 235967 BIZ TECHNOLOGY SOLUTIONS INC 353 OATES RD MOORESVILLE NC 28117 IT SERVICES 119249 4 142138 261827 2725722 5506783 27800 8636470 MUSEUM ADMISSIONS 900099 507622 507622 EXHIBITION RENTALS 900099 156992 156992 EDUCATION PROGRAMS 611710 66568 66568 731182 8115 8115 753699 0 753699 753699 753699 130675 130675 0 231025 261827 268623 -37598 -37598 582498 253009 329489 329489 ALCOHOL SALES 722440 489510 489510 9037 9037 498547 10919904 1060671 489510 733253 X 506879 377069 70861 58949 3191553 2374208 446173 371172 111263 82769 15554 12940 434155 324653 60591 48911 272620 202803 38112 31705 44664 44664 54100 54100 7210 7210 1810503 1279819 435835 94849 107594 105292 2302 659062 445170 169894 43998 541945 444821 90083 7041 226189 171270 31177 23742 10551 8782 1769 1824703 1766902 29960 27841 97014 33950 63064 ACCESSIONS & CONSERVATI 1165440 1165440 SPECIAL EVENTS 305657 303280 2377 EXHIBITIONS RENTAL/INST 255915 255915 RECEPTIONS/MEMBER SERVI 129773 15434 114339 200451 159809 38628 2014 11957241 9517386 1602354 837501 1272831 1404785 536505 562314 756156 2337299 406726 462462 320508 310250 184211 113432 66106109 21709977 46013666 44396132 1482632 1277356 33306286 29058248 2767374 2667459 87046895 82589737 896135 1315452 914380 1378910 776145 146074 113959 2732734 2808321 X 4241130 4517750 80073031 75263666 84314161 79781416 87046895 82589737 X -1037337 -205366 -3290042 X 0 1 X 1 0 X 4280288 4881992 5323732 6399647 8608670 29494329 1641852 1641852 1641852 1641852 1641852 8209260 5922140 6523844 6965584 8041499 10250522 37703589 2539285 35164304 148637 1191788 710992 373748 761814 3186979 346615 217522 150396 32988 352741 1100262 3718 11635 9037 24390 42015220 4303419 0.83690 0.80100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2017 AMOUNT: $ 3,718. 2018 AMOUNT: $ 11,635. 2021 AMOUNT: $ 9,037. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X X 1 46226370 2302210 -4903887 680922 42943771 36438097 431805 10950622 1594154 46226370 37697329 306921 380036 1946189 36438097 38904421 601723 417627 2226442 37697329 36647466 416122 3321173 1480340 38904421 1.00000 1 1 1 58649445 16967688 41681757 5743603 3340577 2403026 1643011 1401712 241299 70050 70050 44396132 BENEFICIAL INTERESTS IN TRUSTS 29058248 F 29058248 CAPITAL LEASE OBLIGATION 113959 113959 X 9523747 -205366 1641852 -2825433 -1388947 10912694 7210 7210 10919904 14085715 1641852 493832 2135684 11950031 7210 7210 11957241 PART III, LINE 1A: IN ACCORDANCE WITH GAAP AND THE PRACTICE TYPICALLY FOLLOWED BY MUSEUMS, EXHIBITS AND ART OBJECTS PURCHASED AND DONATED ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. EVEN THOUGH NOT REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS, THE MUSEUM'S COLLECTION REPRESENTS ONE OF ITS MOST VALUABLE ASSETS. THE MUSEUM'S COLLECTIONS CONSIST OF ART OBJECTS AND ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR CURATORIAL AND EDUCATIONAL PURPOSES. THE COLLECTION IS KEPT UNDER CURATORIAL CARE, WHICH INCLUDES CONSERVATION PRACTICES, AND IS SUBJECT TO THE MUSEUM'S POLICY THAT REQUIRES PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO BE USED ONLY FOR ACQUISITION OF ADDITIONAL COLLECTIONS. THE MUSEUM DOES NOT RECOGNIZE AS A CONTRIBUTION ANY INCOME FROM DONATED COLLECTION ITEMS, AS ITS COLLECTIONS ARE NOT CAPITALIZED. PART III, LINE 4: THE MINT MUSEUM COMPRISES TWO FACILITIES (MINT MUSEUM RANDOLPH AND MINT MUSEUM UPTOWN) AND NEARLY 35,000 OBJECTS IN ITS COLLECTION, ONE OF THE LARGEST COLLECTIONS IN THE SOUTHEAST. MINT MUSEUM RANDOLPH, ORIGINALLY CONSTRUCTED IN 1936, HOUSES THE MINT'S DECORATIVE ARTS, FASHION, ART OF THE ANCIENT AMERICAS, AND EUROPEAN, AFRICAN, ASIAN, AND NATIVE AMERICAN COLLECTIONS. THE MINT MUSEUM UPTOWN HOUSES THE INTERNATIONALLY-RENOWNED MINT MUSEUM OF CRAFT + DESIGN, AS WELL AS OUTSTANDING COLLECTIONS OF AMERICAN, CONTEMPORARY, AND EUROPEAN ART. DESIGNED BY MACHADO AND SILVETTI ASSOCIATES OF BOSTON, THE FIVE-STORY, 145,000 SQUARE-FOOT FACILITY COMBINES INSPIRING ARCHITECTURE WITH GROUNDBREAKING EXHIBITIONS TO PROVIDE VISITORS WITH UNPARALLELED EDUCATIONAL AND CULTURAL EXPERIENCES. LOCATED IN THE HEART OF UPTOWN CHARLOTTE, THE MINT MUSEUM UPTOWN IS AN INTEGRAL PART OF LEVINE CENTER FOR THE ARTS, A CULTURAL CAMPUS THAT INCLUDES THE BECHTLER MUSEUM OF MODERN ART, THE HARVEY B. GANTT CENTER FOR AFRICAN-AMERICAN ARTS + CULTURE, THE KNIGHT THEATER, AND THE DUKE ENERGY CENTER. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR A VARIETY OF PURPOSES TO SUPPORT THE MINT'S PROGRAMS. THE ENDOWMENT BALANCES REPORTED IN PART V OF FORM 990 INCLUDE ENDOWMENT FUNDS HELD BY A SUPPORTING ORGANIZATION, FOUNDATION FOR THE MINT MUSEUM, WHICH EXISTS TO SUPPORT THE OPERATIONS OF THE MINT MUSEUM. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE MUSEUM IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE MUSEUM. THE MUSEUM ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE MUSEUM BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION FOR THE MINT MUSEUM REVENUE -29,223. DIRECT FUNDRAISING EVENT EXPENSES 240,823. COST OF GOODS SOLD 253,009. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -3,290,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 240,823. COST OF GOODS SOLD 253,009. SPRING GALA 492852 261827 231025 59820 62494 46476 99833 492852 261827 231025 59820 62494 46476 99833 268623 -37598 X X X X 0 0 0 0 0 0 0 0 0 DR TODD A HERMAN PRESIDENT & CEO 289836 0 0 0 0 0 11593 0 7773 0 309202 0 0 0 GARY C BLANKEMEYER COO/CFO 177092 0 0 0 0 0 7084 0 7637 0 191813 0 0 0 X 50 X AUCTION ITEMS 0 27800 FMV 3 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH GAAP, THE MUSEUM DOES NOT RECOGNIZE AS A CONTRIBUTION ANY INCOME FROM DONATED COLLECTION ITEMS AS ITS COLLECTIONS ARE NOT CAPITALIZED. DURING THIS FISCAL YEAR, THE MUSEUM RECEIVED 50 WORKS OF ART VALUED AT $479,189. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR AND CITY COUNCIL OF THE CITY OF CHARLOTTE MAY EACH APPOINT A TRUSTEE FOR THREE-YEAR TERMS ENDING AT THE DATE OF THE ANNUAL OR SUBSTITUTE ANNUAL MEETING OF THE MEMBERS OF THE CORPORATION. ANY VACANCY OCCURRING IN THE MEMBERS OF THE BOARD OF TRUSTEES APPOINTED BY THE MAYOR OR THE CITY COUNCIL SHALL BE FILLED ONLY BY THE MAYOR OR THE CITY COUNCIL, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD FINANCE AND INVESTMENT COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMITTING IT TO THE IRS. THE FULL BOARD OF TRUSTEES RECEIVES A PUBLIC DISCLOSURE COPY OF THE FORM 990 TO PROTECT THE PRIVACY OF THE ORGANIZATION'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE POLICY. IF AN ISSUE ARISES DURING THE YEAR, IT MUST BE BROUGHT TO THE BOARD'S ATTENTION. THE MEMBER WITH THE POTENTIAL ISSUE WILL RECUSE HIMSELF OR HERSELF FROM BOTH THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 EACH POSITION WITHIN THE MUSEUM IS EVALUATED AND ASSIGNED A "GRADE," WHICH IS IN TURN ASSOCIATED WITH A SALARY RANGE THAT IS UPDATED ANNUALLY BASED ON INFLATION AND OTHER ECONOMIC FACTORS. COMPENSATION FOR ALL STAFF POSITIONS FOR THE MUSEUM IS EVALUATED ANNUALLY THROUGH A PROCESS OF BENCHMARKING JOB DESCRIPTIONS/RESPONSIBILITIES WITH SIMILAR POSITIONS FOUND IN THE ASSOCIATION OF ART MUSEUM DIRECTORS' SALARY SURVEY, WHICH IS UPDATED ANNUALLY AND/OR THE "WAGE AND SALARY SURVEY" PUBLISHED BY THE EMPLOYERS' ASSOCIATION BIANNUALLY. THE PRESIDENT & CEO AND COO THEN REVIEW EACH POSITION'S COMPENSATION AS IT RELATES TO THE SALARY SURVEYS AND MAKE ADJUSTMENTS TO THE PAY ACCORDINGLY. THE PRESIDENT AND CEO'S SALARY AND BENEFITS PACKAGE IS ADJUSTED AND APPROVED BY THE FULL BOARD OF TRUSTEES AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,279,819. MANAGEMENT AND GENERAL EXPENSES 435,835. FUNDRAISING EXPENSES 94,849. TOTAL EXPENSES 1,810,503. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -3,290,042. FOUNDATION FOR THE MINT MUSEUM 220 NORTH TRYON STREET CHARLOTTE NC 28202 202749804 SUPPORT MINT MUSEUM NC 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0