2022-11-12T18:25:47-06:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037802000 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 PHILIP L MANNO CHIEF FINANCIAL OFFICER 7037802000 2022-11-12 1 PHILIP MANNO XXX-XX-XXXX FRANK H SMITH P00639053 2022274000 2022-11-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GEORGE WASHINGTON'S MOUNT VERNON PHILIP L MANNO 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 149008761 0 X WWW.MOUNTVERNON.ORG X 1853 VA TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON AND EDUCATE VISTORS ABOUT HIS LIFE. 22 22 614 271 1222639 0 20927276 19623448 3758080 10885107 10712465 35506908 3422112 6767099 38819933 72782562 219537 369967 0 0 19000224 20052701 176950 181200 3674389 20461492 19973866 39858203 40577734 -1038270 32204828 342045360 368357472 28113438 26143127 313931922 342214345 X THE MISSION OF THE MOUNT VERNON LADIES' ASSOCIATION (THE ASSOCIATION) IS TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THROUGHOUT THE WORLD ABOUT THE LIFE AND LEGACIES OF GEORGE WASHINGTON, SO THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS. 0 0 19661938 369967 16093759 EDUCATION:DURING A TUMULTUOUS YEAR FOR EDUCATION NATIONWIDE, MOUNT VERNON PROVIDED STEADY SUPPORT FOR STRONG AND RENEWED CIVIC EDUCATION INITIATIVES TO ENSURE GEORGE WASHINGTON WAS A PART OF CIVIL DISCUSSIONS IN CLASSROOMS EVERYWHERE. WE HAVE BEEN ABLE TO HELP TEACHERS AND SCHOLARS USE HISTORY AND THE LEGACY OF GEORGE WASHINGTON TO MAKE SENSE OF THE CIVIC LANDSCAPE THEY NAVIGATE WITH THEIR STUDENTS AND WITH THE PUBLIC.AFTER A QUICK PIVOT IN 2020 TO SUPPORT VIRTUAL CLASSROOMS, OUR DIGITAL DISTANCE LEARNING PROGRAM AND RESOURCES ASSOCIATED WITH THE BE WASHINGTON INTERACTIVE GAME CONTINUE TO GROW IN POPULARITY AND RELEVANCE TO CIVICS AND HISTORY CLASSROOMS. THE WHISKEY REBELLION SCENARIO REMAINS OUR MOST POPULAR, ONE EASILY ADAPTED TO CIVIC DISCUSSIONS IN THE CLASSROOM AS IT DEFTLY (WITH HISTORICAL CONTEXT) INTRODUCES THE CAREFUL BALANCE THAT MUST BE STRUCK BETWEEN NATIONAL AND STATE GOVERNMENTS TO ACHIEVE THE ARTFUL BALANCE OF FEDERALISM. WE INTRODUCED A NEW ORIENTATION FILM THAT OUTLINES THE BREADTH OF OPPORTUNITIES AVAILABLE DURING A VISIT TO MOUNT VERNON. THIS NINE-MINUTE FILM PLAYS ON A CONTINUOUS LOOP TO ENSURE VISITORS LEAVE WITH THE CONFIDENCE TO EXPLORE OUR EXPANSIVE GROUNDS ON THEIR OWN. THE FILM INTRODUCES VIEWERS TO ACTIVITIES ON THE FARM AND WHARF, THE UNIQUE NATURE OF OUR GARDENS, AND THE MULTITUDE OF STORIES TOLD IN THE MUSEUM. WE ALSO ADDED A FREE AUDIO TOUR WITH ADMISSION, WHICH INCLUDES HOURS OF CONTENT, ON HANDHELD DEVICES THAT IS UPDATED WITH SEASONAL CONTENT. AUDIO TOUR CONTENT IS ALSO AVAILABLE ON MOUNT VERNON'S MOBILE WEBSITE, WHICH HAS BUILT-IN ACCESSIBILITY FEATURES, LIKE TEXT TRANSCRIPTION FOR EACH STOP, ENSURING GREATER ACCESS TO LEARNING OPPORTUNITIES FOR EVERY USER.WE WORKED WITH THE COMMONWEALTH OF VIRGINIA ON THE VIRGINIA DECLARATION OF LEARNING INITIATIVE, SERVING AS THE LEAD INSTITUTION AND HOSTING SITE IN 2021. MOUNT VERNON USED ITS REMARKABLE MATERIAL CULTURE COLLECTION AS A TOOL FOR INSTRUCTING CIVICS ALONGSIDE PARTNER INSTITUTIONS TO MERGE THE BEST OF OUR TRADITIONAL TEACHER PROFESSIONAL DEVELOPMENT PROGRAM WITH AN INTERDISCIPLINARY APPROACH ACROSS THE STATE WITH LIBRARIANS, ART TEACHERS, AND HISTORY EDUCATORS. OUR WORK WAS NOT LIMITED TO THE LOCAL NEIGHBORHOOD. WE RETOOLED OUR TEACHER FELLOWSHIP PROGRAM TO CENTER THE TEACHER-CREATED MATERIALS ON GEORGE WASHINGTON'S CIVIC CONTRIBUTIONS. EACH OF THE NINE LESSONS CO-CREATED BY THESE FIVE FELLOWS ELEVATED THE LEADERSHIP CONTRIBUTIONS OF GEORGE WASHINGTON, WITH INSPIRATION FOR STUDENTS TO ENGAGE IN THE COMPLEXITIES OF OUR NATION'S HISTORY. TOPICS INCLUDED FORMING THE CABINET, WASHINGTON'S CHARACTER STRENGTHS AND HIS DECISION TO BECOME A PATRIOT, MEMORIALIZING WASHINGTON, NATIVE AMERICAN POLICY, WASHINGTON AS A SLAVE OWNER, AND THE LEGACY OF THE MOUNT VERNON LADIES' ASSOCIATION. 13127213 50833 HISTORIC PRESERVATION AND COLLECTIONS:IN 2021, THE ARCHITECTURE TEAM COMPLETED PAINT REMOVAL, REPAIRS, DOCUMENTATION, PAINTING, AND SAND-CASTING OF THE MANSION'S NORTH AND SOUTH ENDSTHE SECOND PHASE OF A THREE-PHASE PROJECT. ON BOTH ENDS, THE TEAM FOUND SAMPLES OF ORIGINAL PAINT, FURTHER CORROBORATING THE STONE COLOR OF THE ORIGINAL EXTERIOR. IN ADDITION, THE SOUTH END RESTORATION REVEALED EVIDENCE THAT THE TWO WINDOWS OF THE WASHINGTONS' BEDCHAMBER HAD BEEN RAISED SLIGHTLY WHEN BUSHROD WASHINGTON ADDED A TWO-STORY PORCH IN THE EARLY 19TH CENTURY; THESE WERE CAREFULLY RESTORED AND RETURNED TO THEIR ORIGINAL LOCATIONS, COMPLETE WITH PRECISE REPRODUCTIONS OF THE ORIGINAL WOODEN SASH PULLIES. THE ASSOCIATION WAS AFFORDED AN EXTRAORDINARY OPPORTUNITY TO PURCHASE THE LARGEST COLLECTION OF GEORGE AND MARTHA WASHINGTON OWNED OBJECTS REMAINING IN PRIVATE HANDS. AT A TRYING MOMENT, MANY OF MOUNT VERNON'S CLOSEST FRIENDS RALLIED TOGETHER TO SECURE THIS LANDMARK ACQUISITION. NEARLY 100 OBJECTS IN THIS COLLECTION REPRESENT A REMARKABLE ARRAY OF TREASURED POSSESSIONS, FROM JEWELRY AND CLOTHING TO PRESIDENTIAL PORCELAINS AND FRAGILE GLASSWARE. THE ASSEMBLAGE COMES TO MOUNT VERNON WITH IMPECCABLE PROVENANCE, DESCENDING TO THE SELLER THROUGH THE PETER FAMILY OF TUDOR PLACE IN GEORGETOWN. MARTHA PARKE CUSTIS PETER, MARTHA WASHINGTON'S GRANDDAUGHTER, AND HER HUSBAND, THOMAS PETER, ACQUIRED MOST OF THE OBJECTS EITHER AS GIFTS FROM THE WASHINGTONS OR AT A SERIES OF SALES AFTER MRS. WASHINGTON'S DEATH.MOUNT VERNON ACQUIRED A GROUND PENETRATING RADAR UNIT (GPR), A DIGITAL TECHNOLOGY THAT ALLOWS ARCHAEOLOGISTS TO "SEE" SUB-SURFACE FEATURES WITHOUT DISTURBING THEM. INITIAL GPR SURVEYS HAVE REVEALED A WEALTH OF NEW INFORMATION ABOUT THE CULTURAL LANDSCAPEINCLUDING AN EXTENSIVE NETWORK OF DRAINS THAT CONVEYED RAINWATER FROM THE MANSION DOWNSPOUTS TO THE DUNG REPOSITORY, INGENIOUSLY SUPPORTING THE PRODUCTION OF COMPOST. NOTABLE FINDINGS OF IN-GROUND SURVEYS INCLUDE A 1775 GEORGE III HALF-PENNY AND A FRAGMENTARY 1713 JOHN CUSTIS WINE SEALPRESUMABLY FROM A BOTTLE BROUGHT HERE BY MARTHA DANDRIDGE CUSTIS WHEN SHE ARRIVED AS A BRIDE IN 1759. 32789151 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 168 0 1 614 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NV NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X PHILIP L MANNO 7037802000 PO BOX 110 MOUNT VERNON VA 22121 MARGARET HARTMAN NICHOLS REGENT 20.00 X X 0 0 0 ANDREA NOTMAN SAHIN SECRETARY 20.00 X X 0 0 0 ANNE NEAL PETRI TREASURER 20.00 X X 0 0 0 MARY LANG BISHOP VICE REGENT 10.00 X 0 0 0 ANN HAUNSCHILD BOOKOUT VICE REGENT 10.00 X 0 0 0 MARIBETH ARMSTRONG BORTHWICK VICE REGENT 10.00 X 0 0 0 SARAH MILLER COULSON VICE REGENT 10.00 X 0 0 0 JUDITH WILSON GRANT VICE REGENT 10.00 X 0 0 0 ELIZABETH MEDLIN HALE VICE REGENT 10.00 X 0 0 0 LUCIA BOSQUI HENDERSON VICE REGENT 10.00 X 0 0 0 VIRGINIA DAWSON LANE VICE REGENT 10.00 X 0 0 0 HELEN HERBOTH LAUGHERY VICE REGENT 10.00 X 0 0 0 ELIZABETH ROLLINS MAURAN VICE REGENT 10.00 X 0 0 0 CAMERON KOCK MAYER VICE REGENT 10.00 X 0 0 0 CATHERINE HAMILTON MAYTON VICE REGENT 10.00 X 0 0 0 ANN SHERRILL PYNE VICE REGENT 10.00 X 0 0 0 SUSAN STEVENS REEDER VICE REGENT 10.00 X 0 0 0 LAURA PEEBLES RUTHERFORD VICE REGENT 10.00 X 0 0 0 ANN CADY SCOTT VICE REGENT 10.00 X 0 0 0 JEAN ARMFIELD SHERRILL VICE REGENT 10.00 X 0 0 0 SUSAN MARSHALL TOWNSEND VICE REGENT 10.00 X 0 0 0 CATHERINE MARLETTE WADDELL VICE REGENT 10.00 X 0 0 0 DOUGLAS BRADBURN PRESIDENT/CEO 40.00 X 358520 0 23733 PHILIP L MANNO CHIEF FINANCIAL OFFICER 40.00 X 257214 0 9126 JOSEPH A BONDI SVP DEVELOPMENT 40.00 X 247666 0 5619 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR 40.00 X 183799 0 13780 KEVIN BUTTERFIELD EXECUTIVE DIR. WASHINGTON LIBRARY 40.00 X 184116 0 11549 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATIONS 40.00 X 165687 0 9476 BEREND OLTMANS DIRECTOR OF IT 40.00 X 169321 0 3775 KAROL WICKENS VP, EDUCATION 40.00 X 161100 0 6207 CAROLINA CAMARGO SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 151762 0 4899 TURCOTTE AMELIA SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 145575 0 7480 2024760 0 95644 19 0 1 0 CDR FUNDRAISING GROUP 16900 SCIENCE DRIVE STE 210 BOWIE MD 20715 DIRECT MAIL FUNDRAISING SERVICES 1151248 ELECTROSONIC INC DEPT CH 19029 PALATINE IL 60055 AV SUPPORT 545832 MANA CONSTRUCTION LIMITED PARTNERSHIP 6401 ROSE HILL DR ALEXANDRIA VA 22310 GEN. CONSTRUCT. & MAINT. SUPPORT 439802 FIRELINE CORPORATION 4506 HOLLINS FERRY RD BALTIMORE MD 21227 FIRE SYSTEM INSTALL & MAINTENANCE 433258 KOLAS CONTRACTING INC 8361 RICHMOND HWY ALEXANDRIA VA 22309 PAINTING AND MAINTENANCE SUPPORT 385180 15 2039856 1496330 16087262 5153341 19623448 ADMISSION FEES 900099 9011400 9011400 EVENT REVENUE 900099 1763339 1763339 CONFERENCES & SYMPOSIA 900099 59535 59535 PRESERVATION TOURS 900099 50833 50833 10885107 10938745 10938745 117949 117949 93343015 2591848 68846158 2520542 24496857 71306 24568163 24568163 356472 1496330 425036 -68564 -68564 10916587 4434463 6482124 5259485 1222639 OTHER INCOME 900099 235590 235590 235590 72782562 16144592 1222639 35791883 51850 51850 318117 318117 1295123 660822 323678 310623 15308036 12774872 1418880 1114284 1119974 914355 113555 92064 1080160 877068 110547 92545 1249408 1011785 130677 106946 90293 90293 78806 78806 181200 181200 102227 102227 2351322 1623147 490236 237939 612319 561401 4590 46328 4402368 3057051 579016 766301 325900 30763 295137 5227852 5092001 83601 52250 146874 118381 2010 26483 20520 12554 5633 2333 4516631 4099413 208609 208609 270372 216297 40556 13519 EVENT EXPENSES 616454 512643 4868 98943 DIRECT MAIL 465576 227819 6425 231332 COLLECTIONS/ACQUISITION 401142 401142 345210 227670 24850 92690 40577734 32789151 4114194 3674389 X 1572039 769241 21693 781105 451229 975198 21699771 25251319 20606061 15644574 1483504 1318137 3666849 2590975 2711892 131067 172477391 94497188 80804981 77980203 202275917 234340006 4402781 5276063 3942375 4849930 342045360 368357472 2251801 3970683 270176 350532 15000000 15000000 1875000 0 8716461 6821912 28113438 26143127 X 131925105 140863356 182006817 201350989 313931922 342214345 342045360 368357472 X 32204828 -5520412 1598007 X 0 1 X 1 0 X 10453714 16117389 31779228 20927276 19623448 98901055 10453714 16117389 31779228 20927276 19623448 98901055 10387395 88513660 4724950 3769322 7161135 7358352 11056694 34070453 305618 496565 395108 360877 235590 1793758 134765266 115373330 0.65680 0.68880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 305,618. 2018 AMOUNT: $ 496,565. 2019 AMOUNT: $ 395,108. 2020 AMOUNT: $ 360,877. 2021 AMOUNT: $ 235,590. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 207616880 2505281 28801261 7682441 231240981 184775698 4663825 26268889 8091532 207616880 144135983 15161566 31947910 6469761 184775698 157292554 3046820 -10708395 5494996 144135983 136871108 550186 26509563 6638302 157292555 0.21520 0.38630 0.39850 1 0 637798 637798 119861101 48957163 70903938 44126860 41320355 2806505 7851632 4219670 3631962 77980203 INTEREST RATE SWAP AGREEMENT 6017911 ANNUITY GIFT LIABILITY 770109 POOLED INCOME FUND LIABILITY 26079 DUE TO REGION 5 HISTORY FUND 7813 6821912 X 74005415 -5520412 387986 1598007 -3534419 77539834 102227 -4859499 -4757272 72782562 45722992 387986 387986 45335006 102227 -4859499 -4757272 40577734 PART III, LINE 1A: HISTORICAL PROPERTIES AND COLLECTIONS OWNED BY THE ASSOCIATION HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION. THESE HISTORICAL PROPERTIES AND COLLECTIONS ARE NOT INCLUDED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. THE COST OF THE PROPERTIES IS NOT READILY AVAILABLE, AND THE ASSOCIATION IS OF THE OPINION THAT, BECAUSE OF THE INTRINSIC VALUE OF THE PROPERTIES, IT IS IMPRACTICAL TO ASSIGN VALUES TO THE COMPONENTS. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED FOR HISTORICAL PROPERTIES, THE VALUE OF COLLECTIONS AS WELL AS REPAIRS AND IMPROVEMENTS TO HISTORICAL PROPERTIES HAVE BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTION IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. THE FINANCIAL STATEMENTS DO NOT REFLECT ANY CONTRIBUTED COLLECTION ITEMS. PART III, LINE 4: THE ASSOCIATION COLLECTS, RESEARCHES, CONSERVES, RESTORES, RECONSTRUCTS, PRESERVES, DOCUMENTS, AND SHARES WITH THE PUBLIC HISTORIC STRUCTURES, ARCHAEOLOGICAL SITES, AND THE CULTURAL LANDSCAPE AS WELL AS TWO AND THREE-DIMENSIONAL OBJECTS IN A VARIETY OF MEDIA. RESPONSIBILITY FOR THE PRESERVATION AND MAINTENANCE OF THE HISTORIC STRUCTURES, CULTURAL RESOURCES AND THE COLLECTIONS FALLS TO THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT AND THE FRED W. SMITH LIBRARY FOR THE STUDY OF GEORGE WASHINGTON AT MOUNT VERNON. THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT IS DIVIDED INTO THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION, THE ARCHAEOLOGICAL COLLECTION, THE ARCHITECTURAL FRAGMENTS COLLECTION, AND PHOTO ARCHIVES. THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION INCLUDES THREE-DIMENSIONAL OBJECTS, TEXTILES, WORKS OF ART ON PAPER, AND PAINTINGS. THE ARCHAEOLOGICAL COLLECTION INCLUDES ARTIFACTS AND THEIR ASSOCIATED DOCUMENTATION DERIVING FROM EXCAVATION PROJECTS, AS WELL AS RANDOM FINDS ORIGINATING ON THE MOUNT VERNON ESTATE. THE ARCHITECTURAL FRAGMENTS COLLECTION INCLUDES FEATURES, BUILDING MATERIALS, AND FINISH TREATMENTS THAT ARE ARCHITECTURAL IN NATURE, AND WHICH HAVE BEEN REMOVED FROM THEIR ORIGINAL CONTEXT DURING THE COURSE OF RESTORATION WORK UNDERTAKEN TO STABILIZE, PROTECT, OR REINTERPRET MOUNT VERNON'S HISTORIC BUILDINGS AND STRUCTURES. PHOTO ARCHIVES CONTAINS MODERN FILM, NEGATIVES, AND DIGITAL IMAGE FILES OF A VARIETY OF MOUNT VERNON RELATED SUBJECTS. SPECIAL COLLECTIONS INCLUDES RARE BOOKS, HISTORIC MANUSCRIPTS, PHOTOGRAPHS, THE ASSOCIATION'S ARCHIVAL MATERIALS, AND PRINTED EPHEMERA. THE LIBRARY COLLECTS PRINTED MATERIAL WITH A PRIMARY EMPHASIS ON GEORGE WASHINGTON, MOUNT VERNON, AND THE MOUNT VERNON LADIES' ASSOCIATION. THE MOST IMPORTANT INITIAL CRITERION WITH WHICH TO EVALUATE A POTENTIAL ACQUISITION IS ITS CONTRIBUTION TO INTERPRETATION, EXHIBITION, AND RESEARCH VALUE AT MOUNT VERNON. THIS INCLUDES THE FOLLOWING ITEMS: OBJECTS ORIGINAL TO MOUNT VERNON OR OWNED BY GEORGE AND MARTHA WASHINGTON; OBJECTS RELATED TO WASHINGTON'S NON-DOMESTIC LIFE, INCLUDING HIS ROLE AS MILITARY LEADER, SURVEYOR, AND PRESIDENT; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON NOT PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; BOOKS AND OTHER PUBLISHED MATERIALS OWNED BY GEORGE OR MARTHA WASHINGTON; OBJECTS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIAL RELATED TO FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; PERIOD OBJECTS THAT REPLICATE OBJECTS THAT WERE AT MOUNT VERNON, FOR THE PURPOSE OF ENHANCING THE INTERPRETATION AND UNDERSTANDING OF THE ESTATE AND THE LIFE AND LEGACY OF GEORGE AND MARTHA WASHINGTON; ARCHIVAL MATERIALS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIALS OF FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; BOOKS OF THE WASHINGTON AND CUSTIS FAMILIES THAT ARE RELATED TO COLLECTIONS OR INTERPRETATION GOALS; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; MAPS, PLANS, SURVEYS, MANUSCRIPTS, RARE BOOKS, PHOTOGRAPHS AND OTHER DOCUMENTS OF HISTORICAL VALUE RELATING TO 17TH, 18TH 19TH AND 20TH CENTURY LIFE AT MOUNT VERNON AND THE WASHINGTON FAMILY. PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF 71 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE BOARD APPROVES SPENDING ON PROGRAM RESTRICTED ENDOWMENTS AS PART OF ITS ANNUAL BUDGET APPROVAL PROCESS. IN ADDITION, THE BOARD ALSO APPROVES, AS PART OF ITS ANNUAL BUDGETARY APPROVAL PROCESS, THE TRANSFER AND EXPENDITURE OF ADDITIONAL BOARD-DESIGNATED FUNDS FOR CAPITAL IMPROVEMENTS, COLLECTION ACQUISITIONS OR SPECIAL PROJECTS. TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE USED FOR THE OPERATIONS OF THE ORIENTATION CENTER, EDUCATION CENTER, AND NATIONAL LIBRARY. PART X, LINE 2: THE ASSOCIATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,302,661. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 295,346. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -425,036. COST OF GOODS SOLD -4,434,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -425,036. COST OF GOOD SOLD -4,434,463. X X X X X X 1 CDR FUNDRAISING GROUP 4200 PARLIAMENT PLACE SUITE 300 LANHAM MD 20706 DIRECT MAIL 0 3215663 181200 3034463 3215663 181200 3034463 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SPIRIT OF MOUNT VERNON 958100 770400 187700 24311 196498 27609 15736 LIFEGUARD 369200 316150 53050 8092 35011 22827 12447 2 525502 409780 115722 25283 15973 41249 1852802 1496330 356472 32403 256792 66409 69432 425036 -68564 1 ACCOKEEK FOUNDATION 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 526037288 501(C)(3) 15000 0 PROTECTION OF VIEWSHED UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 229044195 546001796 501(C)(3) 25000 0 PAPERS OF GEORGE WASHINGTON 2 0 STIPENDS & AWARDS 287 318117 PART I, LINE 2: THE ASSOCIATION PERIODICALLY AWARDS GRANTS TO ORGANIZATIONS WITH WHICH WE PARTNER ON PROJECTS THAT FURTHER OUR MISSION. GRANTS ARE APPROVED AND DOCUMENTED WITH FORMAL GRANT AGREEMENTS, AND FUNDS ARE DISBURSED ACCORDING TO THE SUBSTANTIATION PROVISIONS OF EACH GRANT AGREEMENT. THE ASSOCIATION REQUIRES GRANT REPORTS AT THE END OF EACH GRANT TERM AND/OR MONITORS PROGRESS TOWARDS GRANT ACCOMPLISHMENTS THROUGH OUR DAY-TO-DAY INVOLVEMENT WITH A PARTNER. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS BRADBURN PRESIDENT/CEO 358520 0 0 0 0 0 5800 0 17933 0 382253 0 0 0 PHILIP L MANNO CHIEF FINANCIAL OFFICER 249714 0 7500 0 0 0 5175 0 3951 0 266340 0 0 0 JOSEPH A BONDI SVP DEVELOPMENT 240166 0 7500 0 0 0 4947 0 672 0 253285 0 0 0 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR 176299 0 7500 0 0 0 3789 0 9991 0 197579 0 0 0 KEVIN BUTTERFIELD EXECUTIVE DIR. WASHINGTON LIBRARY 176616 0 7500 0 0 0 3815 0 7734 0 195665 0 0 0 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATIONS 158187 0 7500 0 0 0 3422 0 6054 0 175163 0 0 0 BEREND OLTMANS DIRECTOR OF IT 169321 0 0 0 0 0 3379 0 396 0 173096 0 0 0 KAROL WICKENS VP, EDUCATION 153600 0 7500 0 0 0 3263 0 2944 0 167307 0 0 0 CAROLINA CAMARGO SENIOR DIRECTOR OF DEVELOPMENT 151512 0 250 0 0 0 3069 0 1830 0 156661 0 0 0 TURCOTTE AMELIA SENIOR DIRECTOR OF DEVELOPMENT 145575 0 0 0 0 0 2998 0 4482 0 153055 0 0 0 PART I, LINE 1A THE PRESIDENT/CEO OF THE ASSOCIATION IS REQUIRED TO LIVE ON THE PREMISES AND IS PROVIDED WITH HOUSING, AND PERSONAL SERVICES FOR THE CARE OF THE PROPERTY. AS SUCH, THESE ARE NON-TAXABLE ALLOWANCES. SOCIAL CLUB DUES WERE REIMBURSED AND RECORDED AS TAXABLE ON THE FORM W-2. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 30382EDU5 2007-06-20 15000000 REFINANCE EXISTING BONDS 0 0 0 A 15000000 128967 14871033 2009 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 SUNTRUST 30.000000000000 0 0 0 0 0 0 1 A 0 X 67 5114787 FMV X SUPPLIES 13 32653 FMV X MISCELLANIOUS 2 5901 FMV 0 1 0 PART I, COLUMN (B): PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION'S PROCESS FOR PREPARING AND REVIEWING THE FEDERAL FORM 990, CONTAINS FOUR LEVELS OF REVIEW: 1) A DRAFT OF THE FEDERAL FORM 990 IS PREPARED BY THE ASSOCIATION'S TAX ADVISORS, MARCUM LLP, BASED ON FINANCIAL INFORMATION IN THE CERTIFIED AUDIT, ORGANIZATIONAL INFORMATION DOCUMENTED FROM THE AUDIT, PREPARATION OF INFORMATION SCHEDULES BY THE FINANCE DEPARTMENT AND ANSWERS TO CHECKLIST QUESTIONS; 2) THE DRAFT OF FEDERAL FORM 990 IS REVIEWED BY THE ASSOCIATION'S MANAGEMENT (PRESIDENT/CEO, CHIEF FINANCIAL OFFICER AND CONTROLLER) FOR ACCURACY AND COMPLETENESS; 3) THE AUDIT COMMITTEE REVIEWS THE FINAL DRAFT WITH THE INDEPENDENT AUDITOR; AND 4) THE FINAL DRAFT IS THEN PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY REQUIRES THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM BY ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE FORM WAS PREPARED BY OUTSIDE COUNSEL AND ASKS FOR DOCUMENTATION OF POTENTIAL CONFLICTS OF INTEREST IN THE FOLLOWING AREAS: FINANCIAL INTERESTS, GIFTS OR ENTERTAINMENT THAT MIGHT INFLUENCE DECISION MAKING, AND ANY OTHER ACTIVITIES. THE FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ARE DISCUSSED WITH THE OUTSIDE COUNSEL AND THE EXECUTIVE COMMITTEE OF THE BOARD, IF APPROPRIATE. THE PRESIDENT/CEO REVIEWS THE COMPLETED FORM OF THE CHIEF FINANCIAL OFFICER, AND TAKES ANY APPROPRIATE ACTION. IF A CONFLICT IS IDENTIFIED ON THE QUESTIONNAIRE, THE CONFLICT IS SENT TO THE EXECUTIVE COMMITTEE AND IS RESOLVED APPROPRIATELY BASED ON THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 ON A PERIODIC BASIS, THE ASSOCIATION WORKS WITH A COMPENSATION CONSULTANT TO PERFORM COMPARATIVE MARKET STUDIES ON OVER 50 FULL-TIME POSITIONS. THIS STUDY INCLUDED ALL EXECUTIVE AND MANAGEMENT POSITIONS AND A NUMBER OF FRONT LINE STAFF POSITIONS. COMPENSATION IS BENCHMARKED AGAINST OUR PEER GROUP (MUSEUMS AND HISTORICAL SITES), SIMILAR POSITIONS IN THE WASHINGTON DC METRO AREA AND THE NOT-FOR-PROFIT INDUSTRY AT-LARGE. MARKET ADJUSTMENTS ARE MADE AND SALARY GRADES ADJUSTED BASED ON THESE STUDIES. IN ADDITION, PRESIDENT/CEO COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE BOARD. IN 2017 THE BOARD HIRED AN INDEPENDENT EXECUTIVE SEARCH FIRM THAT SPECIALIZED IN NON-PROFIT CEO COMPENSATION TO ANALYZE OUR PRESIDENT/CEO COMPENSATION STRUCTURE TO ENSURE IT IS CONSISTENT WITH CURRENT MARKET AND INDUSTRY RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC THROUGH THE STATE OF VIRGINIA STATE CORPORATION COMMISSION. THE BYLAWS AND THE CONFLICTS OF INTEREST POLICY, WHICH REQUIRES ANNUAL DISCLOSURE OF CONFLICTING INTERESTS BY EXECUTIVE COMMITTEE BOARD AND OFFICERS, ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED ON THE ASSOCIATION'S WEBSITE AND ARE AVAILABLE IN HARD COPY UPON SPECIFIC REQUEST. IN ADDITION, SUMMARIZED FINANCIAL INFORMATION IS DISCLOSED IN THE ASSOCIATION'S ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 1,302,661. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 295,346.