2023-11-13T20:06:52-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 203985447 NEWSEUM INC NEWS 2022926100 610 WATER STREET NW SUITE 300 WASHINGTON DC 20024 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 2022926100 2023-11-09 1 SHERRY MINEAR XXX-XX-XXXX 0 AARON M FOX P01365820 2022274000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X SHERRY MINEAR 610 WATER STREET NW SUITE 300 WASHINGTON DC 20024 716803 0 X WWW.NEWSEUM.ORG X 2005 DC EDUCATES THE PUBLIC ABOUT THE VALUE OF FREE PRESS & TELLS STORIES OF THE WORLD'S IMPORTANT EVENTS. X 5 2 0 0 0 0 694968 617236 63140 99507 165 60 0 0 758273 716803 0 0 0 0 54907 81478 0 0 0 703334 635352 758241 716830 32 -27 1407827 0 1407827 0 0 0 THE NEWSEUM EDUCATES THE PUBLIC ABOUT THE VALUE OF A FREE PRESS IN A FREE SOCIETY AND TELLS THE STORIES OF THE WORLD'S IMPORTANT EVENTS IN UNIQUE AND ENGAGING WAYS. 0 0 408960 99507 THE COLLECTIONS AND VISUAL RECOURCES DEPARTMENT ACQUIRES AND MAINTAINS ARTIFACTS AND COLLECTIONS AND OVERSEES THE MANAGEMENT OF TEMPORARY AND TRAVELING EXHIBITS. 152526 THE EXHIBIT DEVELOPMENT DEPARTMENT PROVIDES RESEARCH AND DEVELOPMENT OF EXHIBIT CONTENT FOR THE NEWSEUM, MAINTAINS DIGITIZED ELECTRONIC DATABASES, AND PRODUCES BOOKS AND OTHER PUBLICATIONS. 561486 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 5 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD DC X SHERRY MINEAR 2022926100 610 WATER ST SW SUITE 300 WASHINGTON DC 20024 JAN NEUHARTH CEO & TRUSTEE 10.00 30.00 X 0 635627 27966 PETER S PRICHARD CHAIR 5.00 10.00 X X 0 69000 0 MALCOLM R KIRSCHENBAUM SECRETARY 5.00 10.00 X X 0 71000 0 SHELBY COFFEY III TRUSTEE 5.00 X 0 0 0 JOHN M SEIGENTHALER TRUSTEE 10.00 X 0 0 0 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 10.00 30.00 X 0 318842 20329 CINDY KEITH CHIEF HR OFFICER/VP 10.00 30.00 X 0 181012 19182 0 1275481 67477 5 0 1 0 0 617236 617236 EXHIBIT FEES 900099 97519 97519 PHOTOGRAPHY AND OTHER 900099 1988 1988 99507 60 60 716803 99507 0 60 X 81478 39473 42005 29846 29846 8119 8119 157364 126236 31128 25241 22856 2385 29415 29415 208585 187422 21163 10038 10038 19387 19387 89520 88209 1311 16155 16155 CONSERVATION FEES 41057 41057 COPYRIGHT AND LICENSES 625 625 716830 561486 155344 0 527306 0 508427 0 0 1000 0 0 0 0 0 328881 0 159203 159203 42213 0 0 0 0 0 0 1407827 0 9912 0 1397915 0 1407827 0 X 0 0 0 0 1407827 0 -27 27 0 X 0 1 X 1 0 X X X 1 FREEDOM FORUM INSTITUTE INC 200617900 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 159203 159203 0 0 X PART III, LINE 1A: THE COMPANY ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS HISTORICAL DOCUMENTS AND ARTIFACTS, PRIMARILY BY DONATION OR LOAN, AS WELL AS BY OCCASIONAL PURCHASES. ALL COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE CONTINUOUSLY PERFORMED. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES WOULD BE REFLECTED AS INCREASES IN THE TEMPORARILY RESTRICTED NET ASSET CLASS. PART III, LINE 4: ALL COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH. PART X, LINE 2: NEWSEUM REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF ITS ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAXES. FOR THE YEAR ENDED DECEMBER 31, 2022, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS FOR CERTAIN TAX YEARS REMAINED OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH NEWSEUM FILES TAX RETURNS. IT IS NEWSEUM'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. 0 0 0 0 0 0 0 0 0 JAN NEUHARTH CEO & TRUSTEE 0 547413 0 0 0 88214 0 18300 0 9666 0 663593 0 0 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 0 296418 0 0 0 22424 0 18300 0 2029 0 339171 0 0 CINDY KEITH CHIEF HR OFFICER/VP 0 157455 0 0 0 23557 0 10373 0 8809 0 200194 0 0 CASH 2023-01-01 0 FMV 541604427 THE FREEDOM FORUM INC 610 WATER ST SW 300 WASHINGTON DC 20024 501(C)(3) 1 1 0 0 1 1 1 1 0 PART I, LINE 3: CASH, PREPAID ASSETS AND FIXED ASSETS WERE DISTRIBUTED TO FREEDOM FORUM WHICH SATISIFED THE INTERCOMPANY PAYABLE, RESULTING IN NO NET TRANSFER OUT. PART I, LINE 2E: SHERRY MINEAR, JAN NEUHARTH AND CINDY KEITH PART I, LINE 2E: SHERRY MINEAR IS THE CFO, TREASURER, AND CAO, JAN NEYHARTH IS THE CHAIR AND CEO AND CINDY KEITH IS THE CHIEF HR OFFICER OF THE FREEDOM FORUM INC. AND DID NOT BECOME EMPLOYEES OF FREEDOM FORUM AS A RESULT OF THE TERMINATION OF FREEDOM FORUM INSTITUTE BUT RATHER CONTINUED IN THEIR ROLES AS TREASURER, CFO, AND CAO (SHERRY MINEAR), CHAIR AND CEO (JAN NEUHARTH) AND CHIEF HR OFFICER ( CINDY KEITH) AT THE FREEDOM FORUM. FORM 990, PART VI, SECTION A, LINE 6 THE FREEDOM FORUM INSTITUTE, INC. IS THE SOLE MEMBER OF NEWSEUM, INC. FORM 990, PART VI, SECTION A, LINE 7A FREEDOM FORUM INSTITUTE, INC. ELECTS ALL THE MEMBERS OF THE GOVERNING BODY FOR NEWSEUM, INC. FORM 990, PART VI, SECTION B, LINE 11B THE NEWSEUM'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FEDERAL FORM 990 IN A FORMAL PRESENTATION. A REPRESENTATIVE FROM THE INDEPENDENT ACCOUNTING FIRM, WHO SIGNS THE RETURN, ATTENDS THE MEETING, PRESENTS THE RETURN, AND IS AVAILABLE TO ANSWER ANY QUESTIONS. THE AUDIT COMMITTEE PRESENTS ITS REPORT OF DELIBERATIONS TO THE FULL BOARD OF TRUSTEES AND MAKES THE 990 AVAILABLE TO ALL MEMBERS OF THE BOARD PRIOR TO THE FILING OF THE FEDERAL FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND AN INDEPEDENCE DISCLOSURE QUESTIONNAIRE. THE CONFLICT OF INTEREST POLICY PROVIDES DETAIL ON THE PROCEDURES TO BE USED IN ADDRESSING CONFLICTS AND ANY VIOLATIONS OF THE CONFLICT OF INTEREST POLICY. A COPY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. SHOULD A POTENTIAL CONFLICT OF INTEREST EXIST, THE CHAIRPERSON OF THE BOARD OR COMMITTEE MAY, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IN LIGHT OF THE FACTS AND ALTERNATIVES, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH SUCH DETERMINATION THE COMMITTEE MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 BIANNUALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES RETAINS THE SERVICES OF A THIRD PARTY INDEPENDENT CONSULTANT. THE CONSULTANT CONDUCTS AN INTERMEDIATE SANCTIONS COMPLIANCE ANALYSIS FOR THE NEWSEUM IN EFFORTS TO COMPLY WITH INTERMEDIATE SANCTIONS LEGISLATION. THE METHODOLOGY EMPLOYED INCLUDES COLLECTING BASE SALARY AND TOTAL CASH COMPENSATION FROM NATIONALLY PUBLISHED SURVEY SOURCES; CREATING PEER GROUPS CONSISTING OF SIMILAR-SIZED ORGANIZATIONS AND ANALYZING COMPETITIVENESS OF TOTAL CASH COMPENSATION FOR NON-PROFIT ORGANIZATIONS (USING FORM 990); COLLECTING CURRENT BENEFIT AND PREREQUISITE OFFERINGS FROM NATIONAL PUBLISHED SURVEY SOURCES; UTILIZING NEWSEUM'S COMPENSATION PHILOSOPHY TO EVALUATE COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE INTERMEDIATE SANCTIONS COMPLIANCE REPORT IN DETAIL AND ASCERTAINS THE REASONABLENESS OF THE NEWSEUM'S TOTAL REWARDS BASED ON THE THIRD PARTY ANALYSIS. THE COMMITTEE THEN AUTHORIZES THE USE OF THE SAFE HARBOR/REBUTTABLE PRESUMPTION AND APPROVES COMPENSATION, ALL OF WHICH IS DOCUMENTED IN CONTEMPORANEOUS WRITTEN MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE NEWSEUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, FEDERAL FORM 990 AND 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 109,610. MANAGEMENT AND GENERAL EXPENSES 31,128. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,738. CONSULTING FEES: PROGRAM SERVICE EXPENSES 16,626. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,626. FREEDOM FORUM INSTITUTE INC 1207 18TH STREET SOUTH NASHIVILLE TN 37212 200617900 EDUCATION DC 501(C)(3) LINE 2 FREEDOM FORUM 0 THE FREEDOM FORUM INC 610 WATER STREET SW SUITE 300 WASHINGTON DC 20024 541604427 PRIVATE OPERATING FOUNDATION DC 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0