2023-05-12T07:29:37-05:00 2022-06-30 540504608 BROWN EDWARDS & COMPANY LLP 701 TOWN CENTER DRIVE NEWPORT NEWS VA 23606 990 2021-07-01 461110899 MUSCARELLE MUSEUM OF ART FOUNDATION MUSC 7572212717 PO BOX 8795 WILLIAMSBURG VA 23187 DAVID M BRASHEAR DIRECTOR 7572212717 2023-04-30 1 DAVID BRASHEAR 999009999 LESLIE F ROBERTS P00040492 7578731033 2023-04-30 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID M BRASHEAR PO BOX 8795 WILLIAMSBURG VA 23187 2816885 0 X WWW.WM.EDU/MUSCARELLE/ X 2012 VA THE MISSION OF THE MUSCARELLE MUSEUM OF ART IS TO FOSTER THE FULL INTEGRATION OF A DYNAMIC ART MUSEUM INTO THE LIFE AND LIBERAL ARTS MISSION OF THE UNIVERSITY OF WILLIAM AND MARY AND TO SERVE AS A MODEL OF CURATORIAL EXCELLENCE AND A CATALYST FOR ART EXPLORATION AT THE COLLEGE AND IN THE SURROUNDING COMMUNITY. 26 26 0 26 0 0 792349 2173226 0 19358 24999 76423 -5721 -44541 811627 2224466 0 0 0 0 98461 138860 0 106902 152494 356334 373030 454795 618792 356832 1605674 4761738 6257755 696230 737891 4065508 5519864 X THE MISSION OF THE MUSCARELLE MUSEUM OF ART IS TO FOSTER THE FULL INTEGRATION OF A DYNAMIC ART MUSEUM INTO THE LIFE AND LIBERAL ARTS MISSION OF THE UNIVERSITY OF WILLIAM AND MARY AND TO SERVE AS A MODEL OF CURATORIAL EXCELLENCE AND A CATALYST FOR ART EXPLORATION AT THE UNIVERSITY AND IN THE SURROUNDING COMMUNITY.THE MUSCARELLE MUSEUM OF ART WILL PLAY A LEADERSHIP ROLE IN THE CREATION OF A VIBRANT NEW INTEGRATED ARTS COMPLEX AT THE UNIVERSITY OF WILLIAM AND MARY. THE MUSCARELLE WILL BE AN IMPRESSIVE PORTAL TO A FACILITY THAT WILL ACCOMMODATE ALL PERFORMING AND FINE ARTS DEPARTMENTS, ENCOURAGE THE PARTICIPATION OF MANY OTHER UNIVERSITY DISCIPLINES,AND BRING TOGETHER THE CAMPUS AND THE LARGER COMMUNITY. 0 0 104074 1954 THE MUSCARELLE MUSEUM CARES FOR AND MANAGES THE COLLECTION AND COORDINATION OF TRAVELING EXHIBITIONS. THE MUSEUM INCURS COSTS FOR CONSERVATION, ACQUISITION, SHIPPING, AND CARE OF ARTWORK. 26762 -10450 THE MUSCARELLE MUSEUM OF ART PRESENTED EXHIBITS WHICH DERIVED INCOME FROM ADMISSIONS AS WELL AS EXHIBIT SALES. 130836 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X MUSCARELLE MUSEUM OF ART FOUNDATION 7572212717 603 JAMESTOWN ROAD WILLIAMSBURG VA 23185 THOMAS W GILLMAN CHAIR 10.00 X X 0 0 0 CARRIE O GARLAND VICE CHAIR 10.00 X X 0 0 0 TJ CARDWELL SECRETARY 10.00 X X 0 0 0 GRANT HAGEN TREASURER 10.00 X X 0 0 0 BETSY C ANDERSON TRUSTEE 1.00 X 0 0 0 MARI ANN BANKS TRUSTEE 1.00 X 0 0 0 P GRAY BOWDITCH TRUSTEE 1.00 X 0 0 0 POLLY S BARTLETT TRUSTEE 1.00 X 0 0 0 SUSAN S CARRON TRUSTEE 1.00 X 0 0 0 DAVID CRANK TRUSTEE 1.00 X 0 0 0 ANN CRITCHFIELD TRUSTEE 1.00 X 0 0 0 ELIZABETH W DELK TRUSTEE 1.00 X 0 0 0 PATRICK G DUFFELER II TRUSTEE 1.00 X 0 0 0 GAIL A GILDEN TRUSTEE 1.00 X 0 0 0 GEORGE E HOWELL TRUSTEE 1.00 X 0 0 0 JANE KAPLAN TRUSTEE 1.00 X 0 0 0 ANN B MILLIMAN TRUSTEE 1.00 X 0 0 0 SHARON MUSCARELLE TRUSTEE 1.00 X 0 0 0 PATRISIA B OWENS TRUSTEE 1.00 X 0 0 0 PAMELA G PALMORE TRUSTEE 1.00 X 0 0 0 CHRISTINE PETROVITS TRUSTEE 1.00 X 0 0 0 HELEN B REVELEY TRUSTEE 1.00 X 0 0 0 KATHLEEN M RING TRUSTEE 1.00 X 0 0 0 CHRISTINE C ROWLAND TRUSTEE 1.00 X 0 0 0 JANE Y SPURLING TRUSTEE 1.00 X 0 0 0 JUDITH FOREHAND STARKEY TRUSTEE 1.00 X 0 0 0 DAVID M BRASHEAR CHIEF EXECUTIVE OFFICER 10.00 30.00 X 44045 132135 53108 44045 132135 53108 0 0 1 0 0 162717 265850 1744659 142722 2173226 ADMISSION FEES 900099 17404 17404 EXHIBIT FEES 900099 1954 1954 19358 40126 40126 322340 286043 36297 36297 36297 255591 265850 272278 -16687 -16687 2095 34098 -32003 -32003 BOARD TRIP 900099 4149 4149 4149 2224466 -8496 0 59736 56520 5652 42390 8478 82340 28266 29705 24369 41231 41231 106902 106902 4570 4570 60138 60138 7739 7739 22903 22903 15923 14743 1180 19196 100 19096 12781 12781 MUSEUM SUPPORT 50386 50386 PROGRAM EVENTS & CULTUR 47487 47487 ART ACQUISITIONS AND CO 33546 33546 PRINTING 17662 17662 39468 1042 25681 12745 618792 130836 335462 152494 264964 113343 165618 139293 390518 1236894 27792 1558 3912846 4760732 0 5935 4761738 6257755 30625 39661 665605 698230 696230 737891 X -243757 -391968 4309265 5911832 4065508 5519864 4761738 6257755 1605674 -151318 0 X X 0 1 X 1 0 X 723539 796059 830932 792349 2173226 5316105 723539 796059 830932 792349 2173226 5316105 306967 5009138 6495 31247 53752 24999 76423 192916 5509021 1900143 0.90930 0.86030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 568569 -106443 462126 465398 103171 568569 477631 -12233 465398 452680 50 24901 477631 447711 4969 452680 1.00000 0 0 0 DUE TO COLLEGE OF WILLIAM AND MARY 698230 698230 2374954 -151318 306376 155058 2219896 4570 4570 2224466 920598 306376 306376 614222 4570 4570 618792 PART III, LINE 1A: THE FOUNDATION MAINTAINS SIGNIFICANT COLLECTIONS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THESE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. IN ACCORDANCE WITH INDUSTRY STANDARDS, COLLECTION ITEMS ACQUIRED THROUGH PURCHASE OR DONATION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. PART III, LINE 4: THE MUSCARELLE MUSEUM OF ART FOUNDATION COLLECTION AUGMENTS THE MUSCARELLE MUSEUM OF ART COLLECTION. THE ORIGINS OF THE MUSCARELLE MUSEUM OF ART COLLECTION CAN BE TRACED TO 1732, WHEN THE THIRD EARL OF BURLINGTON GAVE THE COLLEGE OF WILLIAM & MARY A PORTRAIT OF THE PHYSICIST ROBERT BOYLE. SINCE THAT TIME, THE COLLECTION HAS GROWN CLOSE TO FIVE THOUSAND WORKS OF ART ENCOMPASSING A DIVERSE GROUP OF OBJECTS FROM ANTQUITY TO THE PRESENT, EASTERN AND WESTERN ART, AND EXAMPLES OF ALMOST EVERY MATERIAL AND MEDIUM. OF PARTICULARY NOTE ARE COLONIAL AMERICAN AND SEVENTEENTH AND EIGHTEENTH CENTURY ENGLISH PORTRAITS; A SURVEY COLLECTION OF ORIGINAL PRINTS AND DRAWINGS FROM THE SIXTEENTH THROUGH THE TWENTIETH CENTURIES REPRESENTING BOTH AMERICAN AND EUROPEAN ARTISTS, AS WELL AS A SELECTION OF JAPANESE PRINTS, A COLLECTION OF GERMAN EXPRESSIONIST WORKS BY HANS GROHS, AND THE JEAN OUTLAND CHRYSLER COLLECTION OF AMERICAN ABSTRACT EXPRESSIONISM INTERPRETED IN OILS, DRAWINGS, WATERCOLORS AND SCULPTURE. THE EXEMPT PURPOSES OF THE FOUNDATION ARE TO, INTER ALIA: I) TO ACCEPT, ACQUIRE, HOLD, INVEST, REINVEST, AND OTHERWISE DEAL WITH PROPERTY, BOTH REAL AND PERSONAL, TANGIBLE AND INTANGIBLE TO BE USED FOR THE BENEFIT OF THE MUSEUM; AND II) TO PROMOTE THE OBJECTIVES OF THE MUSEUM THROUGH ADVICE ABOUT ADMINISTRATION AND DEFINITION OF ITS COLLECTION AND THROUGH ACQUISITION OF WORKS OF ART. ART HELD IN THE MUSCARELLE MUSEUM OF ART FOUNDATION DIRECTLY SUPPORTS THE MISSION OF THE FOUNDATION AND OF THE MUSEUM TO FOSTER THE FULL INTEGRATION OF A DYNAMIC ART MUSEUM INTO THE LIFE AND LIBERAL ARTS MISSION OF THE COLLEGE OF WILLIAM & MARY AND TO SERVE AS A MODEL OF CURATORIAL EXCELLENCE AND A CATALYST FOR ART EXPLORATION AT THE COLLEGE AND IN THE SURROUNDING COMMUNITY. PART V, LINE 4: THE QUASI-ENDOWMENT FUNDS WILL BE USED FOR EXHIBITIONS AND TO FUND EXHIBITION RELATED COSTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE SHOWN NET 272,278. COST OF GOODS SOLD, SHOWN NET 34,098. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES, SHOWN NET 272,278. COST OF GOODS SOLD, SHOWN NET 34,098. X 1 CLASSIC EVENTS 249 HILLCREST DRIVE SOUTHERN SHORES NC 27949 COORDINATE AND PLAN AUCTION 0 194986 75739 119247 LEE FOSTER DBA 1693 CONSULTING 13 TEMPSFORD LN WILLIAMSBURG VA 23188 HELP WITH BOARD AND ANNUAL GIVING 0 0 31163 -31163 194986 106902 88084 VA WINE AND ROSES 521441 265850 255591 137782 134496 521441 265850 255591 137782 134496 272278 -16687 SCHEDULE G, PART I, LINE 2B, COLUMN (V) WINE AND RUN FOR THE ROSES AUCTION IS AN ANNUAL FUNDRAISER. CLASSIC EVENTS HELPS COORDINATE AND PLAN THE ANNUAL FUNDRAISER AND LEE FOSTER DBA 1693 CONSULTING HELPS WITH THE BOARD AND ANNUAL GIVING. 0 0 0 0 0 0 0 0 0 DAVID M BRASHEAR CHIEF EXECUTIVE OFFICER 44045 132135 0 0 0 0 0 17425 0 35683 44045 185243 0 0 PART I, LINE 3 THE FOUNDATION'S EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE COLLEGE AND IS PAID BY THE COLLEGE. THE FOUNDATION REIMBURSES THE COLLEGE FOR A PORTION OF THE EXECUTIVE DIRECTOR'S SALARY. X AUCTION ITEMS 835 142722 ESTIMATED FAIR VALUE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND APPROVED BY MUSCARELLE MUSEUM OF ART FOUNDATION'S FINANCE AND AUDIT COMMITTEES. THE FORM IS THEN MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES MUST ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO IS PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED USING COMPARABILITY DATA AND IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS. THE ORGANIZATION ALSO DETERMINES COMPENSATION FOR OTHER OFFICERS USING COMPARABILITY DATA. OTHER OFFICER COMPENSATION IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO MUSCARELLE MUSEUM OF ART FOUNDATION'S PROCESS OF THE AUDIT OR ITS SELECTION OF AN INDEPENDENT AUDITOR. PART V, LINE 2A THE COLLEGE FILES ALL W-2S ON BEHALF OF THE FOUNDATION. THE FOUNDATION REIMBURSES THE COLLEGE FOR PAYROLL EXPENSES RELATED TO SERVICES PROVIDED TO FOUNDATION BY COLLEGE EMPLOYEES, INCLUDING THE FOUNDATION'S EXECUTIVE DIRECTOR. THE UNIVERSITY OF WILLIAM AND MARY 540 LANDRUM DRIVE WILLIAMSBURG VA 23185 546001718 PUBLIC COLLEGE VA 115 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE COLLEGE OF WILLIAM AND MARY E 698230 BALANCE OF LOAN THE COLLEGE OF WILLIAM AND MARY N 50386 REIMBURSEMENT AMOUNT THE COLLEGE OF WILLIAM AND MARY O 138860 PAYROLL REIMBURSEMENT AMOUNT