2022-10-24T07:28:39-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 203985447 NEWSEUM INC NEWS 2022926100 9893 BREWERS COURT LAUREL MD 20723 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 2022926100 2022-10-24 1 SHERRY MINEAR XXX-XX-XXXX AARON M FOX P01365820 2022274000 2022-04-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X SHERRY MINEAR 9893 BREWERS COURT LAUREL MD 20723 758273 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. 5 2 0 0 0 0 4370715 694968 148673 63140 89575 165 -3521936 0 1087027 758273 60674 0 0 0 1471399 54907 0 0 0 8112674 703334 9644747 758241 -8557720 32 4452410 1407827 4452410 1407827 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 251982 4140 THE COLLECTIONS AND VISUAL RECOURCES DEPARTMENT ACQUIRES AND MAINTAINS ARTIFACTS AND COLLECTIONS AND OVERSEES THE MANAGEMENT OF TEMPORARY AND TRAVELING EXHIBITS. 175851 59000 THE EXHIBIT DEVELOPMENT DEPARTMENT PROVIDES RESEARCH AND DEVELOPMENT OF EXHIBIT CONTENT FOR THE NEWSEUM, MAINTAINS DIGITIZED ELECTRONIC DATABASES, AND PRODUCES BOOKS AND OTHER PUBLICATIONS. 44370 WIND DOWN EXPENSES RELATED TO CLOSING OF THE NEWSEUM'S MUSEUM ACTIVITIES AT 555 PENNSYLVANIA AVENUE. 472203 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 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 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 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 X SHERRY MINEAR 2022926100 9893 BREWERS COURT LAUREL MD 20723 JAN NEUHARTH CEO & TRUSTEE 10.00 30.00 X 0 764154 16435 PETER S PRICHARD CHAIR 5.00 10.00 X X 0 41500 0 MALCOLM R KIRSCHENBAUM SECRETARY 5.00 10.00 X X 0 43500 0 SHELBY COFFEY III TRUSTEE 5.00 X 0 0 0 JOHN M SEIGENTHALER TRUSTEE 10.00 X 0 0 0 NICOLE F MANDEVILLE SVP/CFO/TREASURER - UNTIL 8/2021 10.00 30.00 X 0 321842 15426 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 10.00 30.00 X 0 257745 6952 CINDY KEITH CHIEF HR OFFICER/VP 10.00 30.00 X 0 163930 11853 0 1592671 50666 0 0 1 0 0 693968 1000 694968 EXHIBIT FEES 900099 59000 59000 PHOTOGRAPHY AND OTHER 900099 4140 4140 63140 165 165 758273 63140 0 165 54907 22443 32464 78912 45139 33773 192815 173702 19113 82915 82158 757 UBI TAX EXPENSE 199931 199931 OVERHEAD ALLOCATION 148761 148761 758241 472203 286038 0 459482 527306 2775271 508427 76 1000 1147225 328881 159203 116990 70356 42213 4452410 1407827 47621 9912 4404789 1397915 4452410 1407827 X 0 0 4452410 1407827 32 -32 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 116990 42213 42213 DUE TO THE FREEDOM FORUM, INC. 1397915 1397915 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, 2021, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2021, 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 526191 0 200000 0 37963 0 8700 0 7735 0 780589 0 0 NICOLE F MANDEVILLE SVP/CFO/TREASURER - UNTIL 8/2021 0 263623 0 0 0 58219 0 8312 0 7114 0 337268 0 0 SHERRY MINEAR TREASURER, CFO, CHIEF ADMIN OFFICER 0 235778 0 0 0 21967 0 5086 0 1866 0 264697 0 0 CINDY KEITH CHIEF HR OFFICER/VP 0 151233 0 0 0 12697 0 4991 0 6862 0 175783 0 0 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. FREEDOM FORUM INSTITUTE INC 9893 BREWERS COURT LAUREL MD 20723 200617900 EDUCATION DC 501(C)(3) LINE 2 FREEDOM FORUM 0 THE FREEDOM FORUM INC 9893 BREWERS COURT LAUREL MD 20723 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