2022-02-11T08:49:07-00:00 2021-06-30 QUAM BERGLIN & POST PC PO BOX 426 ELK POINT SD 57025 990 2020-07-01 237266823 NATIONAL MUSIC MUSEUM (AMERICAS SHRINE TO MUSIC) NATI 6056775306 414 EAST CLARK VERMILLION SD 57069 NATHAN WELCH TREASURER 2022-02-11 true MICHAEL SUING 999009999 TERRI L POST P00027869 6053563374 2022-02-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SCOTT LAWRENCE 414 EAST CLARK ST VERMILLION SD 57069 2192509 false X www.nmmusd.org X 1973 SD Serves the people of South Dakota and the Nation as an international center for collecting and conserving musical instruments of all cultures and bringing people together to study, enjoy, and understand our diverse musical heritage. 26 26 8 0 1099563 1900557 47043 3000 150358 279507 8169 -16672 1305133 2166392 0 0 921445 873826 0 23668 981292 1025205 1902737 1899031 -597604 267361 13393341 16141070 6677276 7686666 6716065 8454404 Serves the people of South Dakota and the Nation as an international center for collecting and conserving musical instruments of all cultures and bringing people together to study, enjoy, and understand our diverse musical heritage. false false 1151552 31400 PERSONNEL, AQUISITION AND EXHIBITING OF WORLD CLASS MUSICAL INSTRUMENTS 1151552 true true false false false false false true false true true false false true false false true false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false true 10 0 true 8 true false false false false false false true true false false false false false false X 26 26 false false false false true true false true true false false true true true true false true true true false X KAREN DAVIES 6056775307 414 EAST CLARK VERMILLION SD 57069 X STEVE BROWN EX OFFICIO MEMBER 001.00 X 0 0 0 JULIET EVERIST CHAIR DEVELOPMENT COMMITTEE 001.00 X 0 0 0 ALBERT P HEGYI EXECUTIVE COMMITTEE MEMBER AT LARGE 001.00 X 0 0 0 VINCENT DIMARTINO TRUSTEE 001.00 X 0 0 0 THOMAS MACE TRUSTEE 001.00 X 0 0 0 CINDY LILLIBRIDGE PAST CHAIR 001.00 X 0 0 0 SUSANNE L SKYRM TRUSTEE 001.00 X 0 0 0 MICHAEL JERSTAD TRUSTEE 001.00 X 0 0 0 JOSEPH A VINATIERI TRUSTEE 001.00 X 0 0 0 JO WOHLENBERG CHAIR, FINANCE COMMITTEE 001.00 X 0 0 0 BOYD HOPKINS EXECUTIVE COMMITTEE MEMBER-AT-LARGE 001.00 X 0 0 0 JASON GROVES CHAIR, NOMINATING COMMITTEE 001.00 X 0 0 0 BRUCE KELLEY EX OFFICIO MEMBER 001.00 X 0 0 0 FORD BELL TRUSTEE 001.00 X 0 0 0 SCOTT COLLINS TRUSTEE 001.00 X 0 0 0 TOM DAVIES TRUSTEE 001.00 X 0 0 0 STEVE DILLON TRUSTEE 001.00 X 0 0 0 GEORGE FOREMAN TRUSTEE 001.00 X 0 0 0 ERIC GROSSMAN TRUSTEE 001.00 X 0 0 0 JOAN C HOLTER TRUSTEE 001.00 X 0 0 0 CYNTHIA MAHOOD LEVIN TRUSTEE 001.00 X 0 0 0 JOE SCHMADERER TRUSTEE 001.00 X 0 0 0 THOMAS WILDER TRUSTEE 001.00 X 0 0 0 SHEILA GESTRING EX-OFFICIO 001.00 X 0 0 0 JOHN VONK TRUSTEE 001.00 X 0 0 0 KELSEY COLLIER-WISE EX-OFFICIO 001.00 X 0 0 0 SCOTT RAY LAWRENCE CHAIR 001.00 X 0 0 0 GERALD GAUL VICE CHAIR 001.00 X 0 0 0 CLAIRE GIVENS SECRETARY 001.00 X 0 0 0 NATHAN NATE WELCH TREASURER 001.00 X 0 0 0 false false false LUCI CREATIVE 6900 N CENTRAL PARK AVE LINCOLNWOOD IL 60712 DESIGN SERVICES 371914 1 X 46721 474782 51434 1327620 1900557 OTHER REVENUE 453000 3000 3000 3000 279507 279507 9445 26117 -16672 2166392 3000 279507 0 0 0 0 0 0 873826 646631 209718 17477 0 0 0 0 1217 1217 30069 30069 0 87025 87025 99603 99603 45993 39822 6171 37003 9982 27021 24500 24500 0 37116 25981 11135 20 20 0 5647 5647 269154 199174 69980 0 165826 106847 58979 26534 19600 6934 MAINTENANCE RENTAL 94483 66138 28345 TELEPHONE 4925 4925 STORAGE AND AQUISITIONS 65085 19653 45432 CONSERVATION 22407 17724 4683 8598 8598 1899031 1151552 723811 23668 348267 357432 5833078 6939757 400267 557229 180612 166173 37123 35482 451536 188492 182688 263044 4211306 4066918 2200000 3755035 13393341 16141070 106498 131169 6472438 7555497 98340 6677276 7686666 X 6238402 7847382 477663 607022 6716065 8454404 13393341 16141070 X 267361 1141124 329854 X false true X true false false X 0 0.00000 593428 551058 877949 677281 650236 3349952 34290 31734 29085 55701 12445 163255 243696 220825 225454 133194 174155 997324 871414 803617 1132488 866176 836836 4510531 4510531 105346 113204 166240 150358 279507 814655 0 105346 113204 166240 150358 279507 814655 0 2602 5861 200 63 8726 979362 922682 1298928 1016597 1116343 5333912 0.84560 0.85720 0.15270 0.12600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88280 X X X X false 5818455 1602364 413891 84496 6922432 6614350 150545 860511 85929 5818455 6564612 375389 240000 85651 6614350 6413987 35000 443077 241502 85950 6564612 6035305 44779 705559 287356 84300 6413987 0.99000 0.01000 false false false 451536 188492 263044 263044 Financial derivatives and other financial products Closely-held equity interests CASH WITH FISCAL AGENT 3137704 CONSTRUCTION IN PROGRESS 617331 3755035 Federal income taxes PAYCHECK PROTECTION PROGRAM 3308771 1141124 6160 82120 1229404 2079367 87025 87025 2166392 1900286 6160 82120 88280 1812006 87025 87025 1899031 V 4 ENDOWMENT FUNDS ARE USED BY THE MUSEUM AS STIPULATED PER DONOR REQUEST XI 2D NATIONAL MUSIC MUSEUM RECORDS DONATIONS AS REVENUES ON THE GAAP FINANCIAL STATEMENTS, BUT, HAS ELECTED NO TO CAPITALIZE ITS COLLECTIONS IN ACCORDANCE WITH SFAS 116 ASC 958-360-25. THEREFORE, NO AMOUNT IS BEING REPORTED ON PART VIII, LINE 1G FOR THESE DONATIONS. XII 2A AMOUNTS RECEIVED BY THE ORGANIZATION FOR DONATED SERVICES IN THE AMOUNT OF 6,160 IS NOT BEING INCLUDED IN REVENUE OR EXPENSES FOR THE ORGANIZATION ON THE 990 TAX RETURN. HOWEVER, THIS AMOUNT WAS INCLUDED ON THE GAAP ISSUED FINANCIAL STATEMENTS. XII 2D NATIONAL MUSIC MUSEUM RECORDS DONATIONS AS REVENUES ON THE GAAP FINANCIAL STATEMENTS, BUT, HAS ELECTED NOT TO CAPITALIZE ITS COLLECTIONS IN ACCORDANCE WITH SFAS 116 ASC 958-360-25. THEREFORE, THE RESPECTIVE EXPENSES FOR THESE DONATIONS ARE NOT RECORDED ON FORM 990 X 9 3075 X 26 40875 X BOOKS 11 14320 X MISC 19 23850 false true false Part I Line 1,22,25,26, A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1 G BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTION, AS ALLOWED UNDER SFAS 116 ASC 958-360-25 Form 990, Part VI, Section B, Line 15B THE ORGANIZATION USES DATA FROM SIMILAR ORGANIZATIONS TO DETERMINE ACCEPTABLE COMPENSATION FOR MANAGEMENT PERSONNEL. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL DATA ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Section B, Line 12C ANY ACTIVITY THAT MAY BE PERCEIVED AS A CONFLICT OF INTEREST SHOULD BE DISCUSSED AND RESOLVED. ALSO, NEW EMPLOYEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT AGREEING TO DISCLOSE ANY POSSIBLE PERSONAL INTEREST THAT MAY CAUSE QUESTIONS IN PROPERLY CARRYING OUT THEIR POSITION. Form 990, Part VIII, Line 1G MUSEUMS THAT ELECT NOT TO CAPITALIZE THEIR COLLECTION IN ACCORDANCE WITH SFAS 116 ASC 958-360-25 SHOULD NOT REPORT AN AMOUNT ON LINE 1G FOR WORKS OF ART AND OTHER COLLECTION ITEMS DONATED TO THEM. Form 990, Part XI, Line 8 PRIOR PERIOD ADJUSTMENTS AMOUNTED TO BEGINNING INVESTMENT UNREALIZED AND REALIZED GAINS AND LOSSES ALONG WITH INVESTMENT MANAGER FEES INCREASED BY 305,079 CAPITAL ASSET BALANCES DECREASED BY 100,000 AND CAPITAL ASSET BALANCES ALSO INCREASED BY 124,775. THESE ITEMS AFFECTED THE BEGINNING NET ASSET BALANCES BY 329,854.