2023-11-02T10:27:37-05:00 2022-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2022-01-01 742519972 NATIONAL CORVETTE MUSEUM FOUNDATION INC NATI 2707817973 350 CORVETTE DRIVE BOWLING GREEN KY 42101 SHARON BRAWNER PRESIDENT 2707817973 2023-11-02 1 SHARON BRAWNER 999009999 0 ALLISON C CARTER P01242412 8592552341 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHARON BRAWNER 350 CORVETTE DRIVE BOWLING GREEN KY 42101 25888188 0 X WWW.CORVETTEMUSEUM.ORG X 1988 NM THE NATIONAL CORVETTE MUSEUM FOUNDATION, INC'S PRIMARY MISSION IS TO PRESERVE THE HISTORY AND HERITAGE OF THE CORVETTE AUTOMOBILE AND TO EDUCATE THE PUBLIC AND SERVE ALL VISITORS. 15 14 198 290 884493 112818 3230575 6301294 5483365 5989079 -370897 268519 7060270 8236013 15403313 20794905 0 0 0 0 4627067 5501036 0 0 359982 6201007 8063846 10828074 13564882 4575239 7230023 80229990 82060290 13419167 10209297 66810823 71850993 X THE MUSEUM'S MISSION IS TO PRESERVE THE HISTORY AND HERITAGE OF THE CORVETTE, TO OPERATE AS A REPOSITORY FOR HISTORICAL CORVETTE DOCUMENTS, AND TO EDUCATE THE PUBLIC ON THE DESIGN, DEVELOPMENT, ASSEMBLY, AND HISTORY OF THE CORVETTE AND THE AUTOMOTIVE INDUSTRY. 0 0 8412270 6167586 TOURS AND EXHIBITS: THE NCM PROVIDED EDUCATIONAL TOURS TO 218,474 PEOPLE DURING 2022. 3,191 STUDENTS PARTICIPATED IN THE EDUCATIONAL TOURS. TOURS INCLUDE A 13-MINUTE VIDEO ON THE HISTORY OF THE CORVETTE AND EDUCATIONAL PERIOD-ERA EXHIBITS. ONE EXHIBIT INCLUDES A SCENE FROM THE CORVETTE ASSEMBLY PLANT AS WORKERS TALK FIRST-HAND ABOUT THEIR CAREER OF BUILDING AUTOMOBILES. 1015412 949764 SPECIAL EVENTS PROGRAMS: 1,947 PEOPLE PARTICIPATED IN THE SPECIAL EVENTS PROGRAMS IN 2022. THIS INCLUDED EDUCATIONAL SEMINARS, PANEL DISCUSSIONS AND PRESENTATIONS FROM ENGINEERS, DESIGNERS AND OTHER EXPERTS IN THEIR FIELDS. THIS PROGRAM USES A SIGNIFICANT NUMBER OF VOLUNTEERS ALSO TO ASSIST IN RUNNING THE ACTIVITIES AND SEMINARS. 929190 1783612 DELIVERY: THE DELIVERY PROGRAM BRINGS NEW CORVETTE OWNERS TO THE MUSEUM SO THAT THEY CAN LEARN ABOUT THE HISTORY OF THE CORVETTE, AND LEARN ABOUT THE PROPER OPERATION OF THEIR VEHICLE. THEY ARE GIVEN A TOUR OF THE CORVETTE ASSEMBLY PLANT (WHEN AVAILABLE) TO EDUCATE THEM ON THE MANUFACTURING PROCESS AND ALSO GIVEN A HANDS-ON DEMONSTRATION OF THE FEATURES OF THE CORVETTE. THOSE INVOLVED IN THE DELIVERY PROGRAM INCLUDE THE STAFF WHO PREPARE THE CAR (PDI) AND THE STAFF WHO PROVIDE THE TOURS AND DEMONSTRATIONS. PLANT TOURS: PLANT TOURS RETURNED IN 2022 AFTER FIVE LONG YEARS OF ABSENCE FROM OUR TOUR OFFERINGS. FROM THE LAUNCH IN OCTOBER, THROUGH THE END OF THE YEAR, WE WELCOMED 2,769 GUESTS TO THE PLANT. NOT ONLY DOES THIS PROGRAM GENERATE ADDITIONAL REVENUE FOR THE MUSEUM, BUT IT ALSO HELPS FURTHER THE MISSION OF THE MUSEUM TO EDUCATE WORLD-WIDE AUDIENCES ABOUT THE CORVETTE AND HOW IT IS PRODUCED.THE DESIGN AND ENGINEERING AREA SHOWS HOW THE AUTOMOBILE DESIGN GOES FROM SKETCHES TO CLAY MODELS, AND A CUT-AWAY CHASSIS SHOWS THE INNER BACKBONE OF A VEHICLE. AN ACTUAL CRASH TEST CAR AND ACTIVE VIDEO DEMONSTRATES THE IMPORTANCE OF WEARING SEAT BELTS AND ENCOURAGES VEHICLE SAFETY. IN 2016, THE NEW SKYDOME SINKHOLE EXPERIENCE EXHIBIT OPENED THAT TELLS THE STORY OF THE SINKHOLE THAT COLLAPSED INSIDE THE MUSEUM, WHY IT HAPPENED, HOW THE BURIED CARS WERE RECOVERED, HOW THE BUILDING WAS REPAIRED, AND WHAT THE KARST AND CAVE LANDFORMS ARE.CORVETTE CAFE/CORVETTE STORE: WE OFFER A NUMBER OF CATERING OPTIONS FOR PRIVATE EVENTS AT THE MUSEUM, SCHOOL GROUP GUESTS, AND OTHER LARGE GROUPS OF GUESTS. THE CAFE IS LOCATED IN THE MUSEUM FOR THE CONVENIENCE OF GUESTS VISITING OUR ATTRACTIONS. THE CORVETTE STORE AT NCM IS THE IDEAL PLACE TO FIND ANYTHING CORVETTE. WE HAVE A WIDE SELECTION OF APPAREL, HOME ITEMS, ARTWORK AND ITEMS TO ALLOW YOU TO CUSTOMIZE YOUR CORVETTE.MARKETING AND COMMUNICATIONS: AMERICA'S SPORTS CAR MAGAZINE IS A QUARTERLY PUBLICATION MAILED TO 25,000 HOUSEHOLDS, CLUBS AND BUSINESSES THAT EDUCATES READERS ON HAPPENINGS AT THE NCM AND CORVETTE HISTORY, INCLUDING ARTICLES ON SPECIFIC EXHIBITS TO INFORM THOSE THAT CANNOT PHYSICALLY COME TO THE MUSEUM. NCM E-NEWS IS A WEEKLY EMAIL COMMUNICATION SENT TO OVER 80,000 SUBSCRIBERS WITH SHORTER EDUCATIONS STORIES/VIDEOS AND NEW ITEMS ON CORVETTE, THE MUSEUM AND UPCOMING CAR SHOWS AND EVENTS. THE MUSEUM ALSO HAS ACCOUNTS ON YOUTUBE AND VIMEO OFFERING REGULAR VIDEO CONTENT ON VARIOUS CORVETTE TOPICS. THE MUSEUM WEBSITE IS A RESOURCE FOR RESEARCHING CORVETTE, INCLUDING DETAILS ON EVERY MODEL YEAR.LIBRARY & ARCHIVES RESOURCE CENTER: THE RESOURCE CENTER IS THE REPOSITORY FOR ALL MATERIALS DOCUMENTING THE PAST, PRESENT AND FUTURE OF CORVETTE, CORVETTE ENTHUSIASTS AND THE CORVETTE MUSEUM. THE MATERIAL MANAGED AND PRESERVED INCLUDES AUDIO AND VISUAL MEDIA - BOTH DIGITAL (DVDS) AND MAGNETIC (VHS AND BETA TAPES), PERIODICALS, BOOKS, DRAWINGS, PAINTINGS, POSTERS, MEMORABILIA AND DOCUMENTS INCLUDING SOME IMPORTANT HISTORICAL MEMORABILIA PLUS BUILD SHEETS. MOST MATERIALS HAVE BEEN DONATED TO THE NCM FROM INDIVIDUAL ENTHUSIASTS, PUBLISHING COMPANIES, PRINT MEDIA, AFTERMARKET SUPPLIERS, CLUBS AND ORGANIZATIONS SUCH AS NCRS, AND FROM GM/CHEVROLET.OTHER PROGRAM SERVICES INCLUDE EDUCATIONAL INSTRUCTION SUCH AS THE TEEN DRIVING ACADEMY, VETTE CAMP AND TRAVELING TRUNKS AND VISITS TO SCHOOLS. ADDITIONAL PROGRAMS INCLUDE WEBSITE AND MAGAZINE OUTREACH, MEMBERSHIP SERVICES, AND ATTENDING SHOWS AROUND THE COUNTRY.THE GATEWAY EXHIBIT TELLS THE STORY BEHIND THE CREATION OF CORVETTE, LOOKING AT THE CULMINATION OF EUROPEAN SPORTS CARS BEING IMPORTED BY WWII VETERANS, SMALL AMERICAN AUTO MANUFACTURERS BUILDING LOW PRODUCTION SPORTS CARS, AND THE DEVELOPMENT OF FIBERGLASS. THE EXHIBIT DISCUSSES THE ROLE HARLEY EARL PLAYED AT GENERAL MOTORS TO BRING ALL OF THESE FACTORS TOGETHER TO CREATE CORVETTE AMERICA'S SPORTS CAR. 10356872 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 65 21 1 198 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 2707774517 350 CORVETTE DRIVE BOWLING GREEN KY 42101 SHARON BRAWNER CEO/PRESIDENT 40.00 10.00 X X 264725 0 22094 KAI SPANDE BOARD CHAIR 2.00 X 0 0 0 KAYE WAGNER CHAIR-ELECT 2.00 X 0 0 0 MICHAEL LAROCCA SECRETARY 2.00 X 0 0 0 NEIL WATANABE TREASURER 2.00 X 0 0 0 GLENN JOHNSON IMMEDIATE PAST CHAIR 2.00 X 0 0 0 HARLAN CHARLES DIRECTOR 2.00 X 0 0 0 CHUCK FAST DIRECTOR 2.00 X 0 0 0 LON HELTON DIRECTOR 2.00 X 0 0 0 SHANNON LAMARCHE DIRECTOR 2.00 X 0 0 0 DALE LEDBETTER DIRECTOR 2.00 X 0 0 0 NORM ROSE DIRECTOR 2.00 X 0 0 0 SHANNON SKOKOS DIRECTOR 2.00 X 0 0 0 DALE SAMUELSON DIRECTOR 2.00 X 0 0 0 DEB MURPHY DIRECTOR 2.00 X 0 0 0 JOSHUAH CASKEY DIRECTOR OF FINANCE 40.00 10.00 X 127194 0 8778 AMANDA THOMAS DIRECTOR OF HR & BUSINESS OPERATIONS 40.00 10.00 X 128241 0 15126 STEPHANIE MORRILL DIRECTOR OF SALES AND GUEST SERVICES 40.00 10.00 X 119177 0 14657 CHRIS HUFFMAN IT OPERATIONS MANAGER 40.00 10.00 X 110845 0 14300 TAMMY BRYANT DIRECTOR OF COLLECTIONS AND EDUCATION 40.00 10.00 X 105050 0 13983 855232 0 88938 6 0 1 0 SUNBELT CONSTRUCTION INC 1034 SEARCY WAY BOWLING GREEN KY 42103 CONSTRUCTION 2411555 SCOTT MURPHY & DANIEL LLC 2335 BARREN RIVER ROAD BOWLING GREEN KY 42101 CONSTRUCTION 375088 JRA 600 VINE STREET SUITE 700 CINCINNATI OH 45202 INTELLECTUAL CONTENT PROVIDER 365000 OLSON RESTORATION LLC 9085 MARSHALL CT WESTMINSTER CO 80031 TORNADO CLEANUP 327701 WARREN REC 112 SOUTH TYLER ST MORGANTOWN KY 42261 WINDOW INSTALLATION 240513 13 1109822 4005464 1186008 6301294 TOURS & ADMISSIONS 711210 3012638 3012638 DELIVERY PROGRAM 611710 1783612 1783612 SPECIAL EVENTS PROGRAMS 611710 949764 949764 LIBRARY & ARCHIVES RESOURCE CENTE 611710 181712 181712 AMERICA'S SPORTS CAR PUBLICATION 611710 61353 44583 16770 5989079 268519 268519 839616 86880 752736 752736 546169 206567 4947390 2027975 2919415 2919415 5928395 2978428 2949967 2849315 100652 NET GAIN INVOLUNTARY CONVERSION 900099 1313655 1313655 MGMT SERVICES - MOTORSPORTS PARK 900099 220902 220902 OTHER REVENUE 900099 79338 79338 1613895 20794905 8900962 884493 4708156 566159 198900 303380 63879 4061675 3548444 382794 130437 138556 125209 9756 3591 392878 314410 61081 17387 341768 288320 40423 13025 104790 104790 125837 125837 396618 285355 111263 520954 519630 1324 781755 628615 118740 34400 460901 322460 138441 229271 229271 1913494 1535584 377910 327187 327187 INCOME TAX EXPENSE 113931 113931 MISCELLANOUS 788081 555965 161543 70573 CAR TRANSPORTATION 762492 671223 89754 1515 FEES AND LICENSES 647731 338522 309209 890804 697048 168581 25175 13564882 10356872 2848028 359982 13050939 13690147 2786336 549747 684079 649127 422197 341811 64825030 21088202 40067027 43736828 14613963 13089388 8605449 10003242 80229990 82060290 1547664 1588911 567258 550455 10581225 6517950 723020 1551981 13419167 10209297 X 66313813 71081726 497010 769267 66810823 71850993 80229990 82060290 X 7230023 -2031784 -158069 X X 0 1 X 1 0 X 2149661 2787593 3128483 3230575 6301294 17597606 7837985 9074380 6604914 7942909 8905659 40365847 4603650 2901150 4420620 4474820 4947390 21347630 14591296 14763123 14154017 15648304 20154343 79311083 40926 296126 179645 246015 177993 940705 0 40926 296126 179645 246015 177993 940705 78370378 513208 492745 334106 429230 561967 2331256 94049 94049 607257 492745 334106 429230 561967 2425305 97280 789636 59732 132541 113287 1192476 90774 180217 218097 214774 1313655 2017517 15386607 16225721 14765952 16424849 22143252 84946381 0.92260 0.93080 0.02860 0.02870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 12550870 12550870 25573218 10850290 14722928 4405827 2837251 1568576 2654335 1555649 1098686 19640780 5845012 13795768 43736828 DEPOSITS 44043 INVESTMENT IN MOTORSPORTS PARK 8571304 INSURANCE WITHHOLDING 1670 OPERATING LEASE RIGHT-OF-USE ASSETS, NET AMORTIZATION 670261 RAFFLE VEHICLE 133575 DUE TO MSP 582389 10003242 ACCRUED INTEREST PAYABLE 31018 DEFERRED TAX LIABILITY 686853 OPERATING LEASE LIABILITIES 676040 INTEREST RATE SWAP 158070 1551981 X PART X, LINE 2: THE MUSEUM IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISION OF STATE LAW. HOWEVER, THE MUSEUM IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME, WHICH PRIMARILY INCLUDES INCOME FROM COMMISSIONS ON ITS COLLECTOR CAR INSURANCE AGENCY AND TAXABLE INCOME FROM THE ADMINISTRATIVE SERVICES PROVIDED TO MSP. TAXES INCURRED AS A RESULT OF UNRELATED BUSINESS INCOME (UBI) ACTIVITIES ARE ACCOUNTED FOR IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE, ASC 740, INCOME TAXES. THE MUSEUM FILES TAX RETURNS IN U.S. FEDERAL JURISDICTION. THE MUSEUM DETERMINES DEFERRED INCOME TAXES USING THE LIABILITY OR BALANCE SHEET METHOD. UNDER THIS METHOD, THE NET DEFERRED TAX ASSET OR LIABILITY IS BASED ON THE TAX EFFECTS OF THE DIFFERENCES BETWEEN THE BOOK AND TAX BASES OF ASSETS AND LIABILITIES AND ENACTED CHANGES IN TAX RATES AND LAWS ARE RECOGNIZED IN THE PERIOD IN WHICH THEY OCCUR. DEFERRED INCOME TAX EXPENSE OR BENEFIT RESULTS FROM CHANGES IN DEFERRED TAX ASSETS AND LIABILITIES BETWEEN PERIODS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE IF, BASED ON THE WEIGHT OF EVIDENCE AVAILABLE, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. MSP ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740, INCOME TAXES. THE INCOME TAX ACCOUNTING GUIDANCE RESULTS IN TWO COMPONENTS OF INCOME TAX EXPENSE: CURRENT AND DEFERRED. CURRENT INCOME TAX EXPENSE REFLECTS TAXES TO BE PAID OR REFUNDED FOR THE CURRENT PERIOD BY APPLYING THE PROVISIONS OF THE ENACTED TAX LAW TO THE TAXABLE INCOME OR EXCESS OF DEDUCTIONS OVER REVENUES. TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM MORE LIKELY THAN NOT MEANS A LIKELIHOOD OF MORE THAN 50% THE TERMS EXAMINED AND UPON EXAMINATION ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. SCHEDULE D, PART III, LINE 1 IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, SEVERAL AUTOMOBILES, STYLING MULES, POWER PLANTS AND CORVETTE DOCUMENTS DONATED TO THE MUSEUM ARE NOT INCLUDED IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THE MAJORITY OF THE AUTOMOBILES ON DISPLAY AND IN STORAGE AT THE MUSEUM ARE ON LOAN FROM CORVETTE ENTHUSIASTS AND ARE NOT INCLUDED AS PART OF THE MUSEUM COLLECTION. MANAGEMENT BELIEVES THE MUSEUM HAS THE RESOURCES AND TECHNOLOGY TO APPROPRIATELY MAINTAIN THESE ARTIFACTS. SCHEDULE D, PART III, LINE 4 THE MUSEUM'S COLLECTION INCLUDES VEHICLES, CLAY MODELS, HISTORICAL MEMORABILIA, MAGAZINES, PERIODICALS, VIDEOS, SKETCHES, DOCUMENTS, BUILD SHEETS, AND MANY OTHER ITEMS THAT DOCUMENT AND PRESERVE THE HISTORY OF THE CORVETTE. MANY OF THESE ITEMS ARE AVAILABLE FOR VIEWING, FOR RESEARCH AND FOR EDUCATIONAL PURPOSES. 4947390 1890689 137286 1 0.90000 4947390 1890689 137286 2027975 2919415 KY 1 0 1 0 1.00000 JOSHUAH CASKEY 350 CORVETTE DR BOWLING GREEN KY 42101 0 JOSHUAH CASKEY 0 OVERSEES GAMING VOLUNTEERS AND ENSURES COMPLIANCE X 0 2919415 X 1 1 X X X X 0 0 1 0 0 1 0 0 0 SHARON BRAWNER CEO/PRESIDENT 230225 0 34500 0 0 0 13236 0 8858 0 286819 0 0 0 PART I, LINE 1A THE CEO'S SPOUSE OCCASIONALLY TRAVELS ON BUSINESS TRIPS TO ASSIST BY PROVIDING VOLUNTEER SERVICES AT EVENTS. PART I, LINE 3 A THREE-PERSON COMMITTEE WITHIN THE NCM FOUNDATION BOARD OF DIRECTORS OPERATES AS THE COMPENSATION COMMITTEE FOR THE CEO. THE CEO AND NCM HUMAN RESOURCES DEPARTMENT EVALUATE COMPENSATION FOR MUSEUM STAFF. A THIRD-PARTY CONSULTING HR FIRM IS USED TO CONDUCT A COMPENSATION STUDY EVERY THREE YEARS AND PAY GRADES ARE ASSIGNED TO EACH POSITION AT THE MUSEUM. THE THIRD-PARTY HR CONSULTING FIRM BENCHMARKS COMPENSATION TO OTHER ORGANIZATIONS OF SIMILAR INDUSTRY, SIZE, REVENUE, AND LOCATION. THE CEO AND NCM HUMAN RESOURCES DEPARTMENT DETERMINE INDIVIDUAL STAFF COMPENSATION BASED ON PAY GRADES, DUTIES, PERFORMANCE, AND EXPERIENCE. PART I, LINE 4C THE CEO RECEIVES AN ANNUAL BONUS BASED ON ACHIEVEMENT OF KEY PERFORMANCE INDICATORS DETERMINED BY THE NCM FOUNDATION BOARD OF DIRECTORS AS WELL AS BY EBITDA FOR THE APPROVED BUDGET. THE BONUS CALCULATION IS VERIFIED BY THE MUSEUM'S INDEPENDENT AUDITORS AND APPROVED BY THE COMPENSATION COMMITTEE. PART I, LINE 6 THE CEO RECEIVES AN ANNUAL BONUS BASED ON THE ORGANIZATION'S NET EARNINGS EXCEEDING THE APPROVED BUDGET. HOWEVER, THIS BONUS CANNOT EXCEED A CAP OF 25% OF THEIR SALARY. THE BONUS CALCULATION IS VERIFIED BY THE MUSEUM'S INDEPENDENT AUDITORS AND APPROVED BY THE COMPENSATION COMMITTEE. JOSHUAH CASKEY SECRETARY OF NCM HOLDINGS, LLC 767071 LEASING OF NCM HOLDINGS, LLC ADMIN SERVICES 0 SCHEDULE L, PART IV, LINES 1-3 NCM HOLDINGS, LLC, A TAXABLE SUBSIDIARY OF NATIONAL CORVETTE MUSEUM FOUNDATION, INC., LEASES REAL PROPERTY FROM NATIONAL CORVETTE MUSEUM FOUNDATION, INC. LEASE PAYMENTS TOTALED $546,169 FOR THE YEAR ENDED DECEMBER 31, 2022. IN ADDITION, NATIONAL CORVETTE MUSEUM FOUNDATION, INC. PROVIDES CERTAIN ADMINISTRATIVE SUPPORT TO NCM HOLDINGS, LLC. CHARGES FOR THESE SERVICES TOTALED $220,902 FOR THE YEAR ENDED DECEMBER 31, 2022. JOSHUAH CASKEY WAS AN OFFICER OF BOTH CORPORATIONS. X 2 SEE PART II X 3 SEE PART II X 550 SEE PART II X CAR PARTS 5 0 SEE PART II 0 0 1 0 PART I, LINE 33: THERE WERE NOT ANY NONCASH CONTRIBUTIONS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. ONLY SUPPLY TYPE DONATIONS THAT WERE PUT INTO USE ARE RECOGNIZED IN REVENUES AS NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FULL FORM 990 AND ALL REQUIRED SCHEDULES WERE EMAILED TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED. THE FULL BOARD REVIEWED IT AND PROVIDED FEEDBACK IF SO DESIRED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY ALL BOARD MEMBERS AND THE FULL BOARD APPROVES TRANSACTIONS AS NECESSARY. THOSE WITH A CONFLICT ARE EXCLUDED FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 A THREE-PERSON COMMITTEE OF THE BOARD OPERATES AS THE COMPENSATION COMMITTEE FOR THE MUSEUM. THEY EVALUATE THE COMPENSATION COMPARATIVES OF OTHER MUSEUMS AND NON PROFITS, AND REVIEW COMPENSATION BENCHMARK INFORMATION TO DETERMINE A REASONABLE COMPENSATION BASED ON DUTIES AND PERFORMANCE. A FULL COMPARISON AND REVIEW WAS CONDUCTED IN 2016. EXECUTIVE MANAGEMENT REVIEWS COMPARABLE SALARY DATA ANNUALLY AND APPROVES AN ANNUAL INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO ANYONE UPON REQUEST. FINANCIAL INFORMATION IS ALSO SHARED ANNUALLY AT THE MUSEUM'S OPEN MEMBERSHIP MEETINGS IN APRIL AND SEPTEMBER OF EACH YEAR. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF SWAP -158,069. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE R, PART I NCM MOTORSPORTS PARK, LLC AND NCM INSURANCE AGENCY, LLC ARE BOTH SINGLE MEMBER LIMITED LIABILITY COMPANIES OF WHOLLY OWNED C-CORPORATION NCM HOLDINGS, LLC. BOTH ENTITIES ARE DISREGARDED FOR INCOME TAX PURPOSES. THE SHARE OF INCOME AND ASSETS OF EACH LLC IS EQUAL TO THE SHARE OF INCOME AND ASSETS OF NCM HOLDINGS, LLC. NCM MOTORSPORTS PARK LLC 350 CORVETTE DRIVE BOWLING GREEN KY 42101 471462434 MOTORSPORTS KY 3759279 2131777 NCM HOLDINGS LLC NCM INSURANCE AGENCY LLC 350 CORVETTE DRIVE BOWLING GREEN KY 42101 843242616 INSURANCE NV 2333560 1859255 NCM HOLDINGS LLC NCM HOLDINGS LLC 350 CORVETTE DRIVE BOWLING GREEN KY 42101 854095023 MOTORSPORTS KY NCM C 6092839 3991032 1.00000 1 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NCM HOLDINGS LLC L 225068 FMV NCM HOLDINGS LLC A 542003 FMV NCM HOLDINGS LLC E 33835 FMV