2021-10-07T11:58:27-05:00 2020-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-01-01 203985447 NEWSEUM INC NEWS 2022926100 300 NEW JERSEY AVENUE NW SUITE 80 WASHINGTON DC 20001 SHERRY MINEAR CFO, CAO & TREASURER 2022926100 2021-10-07 1 SHERRY MINEAR XXX-XX-XXXX AARON M FOX P01365820 2022274000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHERRY MINEAR 300 NEW JERSEY AVENUE NW SUITE 800 WASHINGTON DC 20001 7500601 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 2 107 0 -2700984 0 1913802 4370715 23491182 148673 351556 89575 875055 -3521936 26631595 1087027 687328 60674 0 0 16428181 1471399 62954 0 16662 37823799 8112674 55002262 9644747 -28370667 -8557720 85581403 4452410 52522900 4452410 33058503 0 X 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 1 1824675 THE EXHIBIT DEVELOPMENT DEPARTMENT PROVIDES RESEARCH AND DEVELOPMENT OF EXHIBIT CONTENT FOR THE NEWSEUM, MAINTAINS DIGITIZED ELECTRONIC DATABASES, AND PRODUCES BOOKS AND OTHER PUBLICATIONS. 1319063 2015 THE COLLECTIONS AND VISUAL RECOURCES DEPARTMENT ACQUIRES AND MAINTAINS ARTIFACTS AND COLLECTIONS AND OVERSEES THE MANAGEMENT OF TEMPORARY AND TRAVELING EXHIBITS. 70409 THE FOOD COURT IS A CAFETERIA OPERATED DAILY FOR THE BENEFIT OF THE NEWSEUM'S EMPLOYEES AND PATRONS. 60674 60674 GRANT TO FREEDOM FORUM INSTITUTE PROGRAMS 50727 PARKING GARAGE 111401 60674 3325548 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 39 0 1 107 1 1 1 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 AK AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WI WV X SHERRY MINEAR 2022926100 300 NEW JERSEY AVENUE NW SUITE 800 WASHINGTON DC 20001 JAN NEUHARTH TRUSTEE 10.00 30.00 X 0 560205 15687 NICOLE F MANDEVILLE SVP, FINANCE/CFO/TREASURER 10.00 30.00 X 0 410074 17016 SHERRY MINEAR CHIEF ADMIN. OFFICER & CONTROLLER 10.00 30.00 X 0 211671 8076 CORY LECKEY DIRECTOR/FACILITIES 40.00 X 160725 0 6676 CINDY KEITH CHIEF HR OFFICER/VP 10.00 30.00 X 0 152728 10865 MICHAEL PETRIDES DIRECTOR/EXHIBITS SERVICES 40.00 X 105486 0 10111 RONALD PLEW CHIEF ENGINEER 40.00 X 103901 0 8319 PETER S PRICHARD CHAIR 5.00 11.00 X X 0 42500 0 MALCOLM R KIRSCHENBAUM SECRETARY 5.00 11.00 X X 0 42500 0 SHELBY COFFEY III TRUSTEE 5.00 X 0 0 0 JOHN M SEIGENTHALER TRUSTEE 5.00 1.00 X 0 0 0 370112 1419678 76750 3 0 1 0 UNIVERSAL PROTECTION SERVICE LP 1551 N TUSTIN AVE 650 SANTA ANA CA 92705 SECURITY SERVICES 755570 UNITED RIGGINGHUTCHINSON INTL CORP 6601 AMMENDALE RD BELTSVILLE MD 20705 RIGGING AND CONSTRUCTION 481842 SEQUENTUR LLC 1300 I STREET NW SUITE 400E WASHINGTON DC 20005 TECHNOLOGY SERVICES 363240 ABM JANITORIAL SERVICES 551 FIFTH AVENUE SUITE 300 NEW YORK NY 10176 JANITORIAL SERVICES 310830 CLARO CREATIVE STUDIOS 1010 N CENTRAL AVE GLENDALE CA 91202 RIGGING AND CONSTRUCTION 117500 5 390 4348934 21391 4370715 CONSULTING REVENUE 900099 76250 76250 FOOD COURT 900099 70408 70408 PHOTOGRAPHY AND OTHER PROGRAMS 900099 2015 2015 148673 79073 79073 2838067 6410730 -3572663 -3572663 -2827961 -744702 13346 2844 10502 10502 10502 PARKING GARAGE 900004 50727 50727 50727 1087027 2015 -2700984 -584719 60674 60674 1042706 276126 758284 8296 16926 16926 337849 110600 225138 2111 73918 40403 33515 472505 472505 118338 118338 670100 486861 182397 842 147 147 226450 183774 42035 641 83 83 1645497 1643363 2134 10922 2954 7951 17 62826 374 62420 32 2048584 1023596 1024179 809 2403658 1221143 1181540 975 OVERHEAD ALLOCATION 217439 -208737 425518 658 OTHER LOSS ON WIND DOWN 127780 127780 UBI TAX EXPENSE 106988 106988 LOSS ON UNCOLL. PLEDGE 1357 1357 9644747 3325548 6302537 16662 1865613 459482 32113404 2775271 3153 0 349102 76 1496797 1147225 159203 88847 49655414 70356 97920 0 85581403 4452410 827954 47621 28157711 0 23537235 4404789 52522900 4452410 X 33006852 0 51651 0 33058503 0 85581403 4452410 X -8557720 -7326 -24493457 X 0 1 X 1 0 X X X 1 FREEDOM FORUM INSTITUTE INC 200617900 2 1 60674 0 1 60674 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 88847 70356 70356 DUE TO THE FREEDOM FORUM, INC. 4404789 4404789 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: THE 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, 2020, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 1 FREEDOM FORUM INSTITUTE INC 1207 18TH STREET SOUTH NASHVILLE TN 37212 200617900 501(C)(3) 60674 GENERAL SUPPORT 1 PART I, LINE 2: THE NEWSEUM WORKS WITH THE INSTITUTE IN FURTHERANCE OF ITS EDUCATIONAL PROGRAMS AND MONITORS ACTIVITIES AND EXPENDITURES CLOSELY. 0 0 0 0 0 0 0 0 0 JAN NEUHARTH TRUSTEE 0 409920 0 100000 0 50285 0 8550 0 7137 0 575892 0 0 NICOLE F MANDEVILLE SVP, FINANCE/CFO/TREASURER 0 351248 0 0 0 58826 0 8550 0 8466 0 427090 0 0 SHERRY MINEAR CHIEF ADMIN. OFFICER & CONTROLLER 0 189945 0 0 0 21726 0 6329 0 1747 0 219747 0 0 CORY LECKEY DIRECTOR/FACILITIES 73529 0 0 0 87196 0 0 0 6676 0 167401 0 0 0 CINDY KEITH CHIEF HR OFFICER/VP 0 144428 0 0 0 8300 0 4645 0 6220 0 163593 0 0 FORM 990, PART III, LINE 3 ON JANUARY 1, 2020, THE NEWSEUM'S MUSEUM ACTIVITIES AT 555 PENNSYLVANIA AVENUE, NW WERE CEASED AND THE COMMERCIAL PROPERTY FACILITIES SOLD DURING 2020. THE NEWSEUM CONTINUES TO CONDUCT TRAVELING EXHIBITS AND OTHER OFF-SITE EXHIBITS. ON AUGUST 12, 2020, NEWSEUM'S MEMBERSHIP INTEREST IN NEWSEUM RESIDENCES, LLC, FORMERLY A DISREGARDED ENTITY OF NEWSEUM, WERE ASSIGNED TO THE FREEDOM FORUM, INC. ACCORDINGLY, ONLY THE FIRST EIGHT MONTHS OF THE NEWSEUM RESIDENCES, LLC ACTIVITY HAVE BEEN INCLUDED. 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 XI, LINE 9: NET PERIODIC BENEFIT COST 7,600. LOSS ON DISPOSAL OF MUSEUM ACTIVITIES -4,584,883. MEMBERSHIP INTEREST TRANSFER -19,916,174. NEWSEUM RESIDENCES LLC 565 PENNSYLVANIA AVENUE NW WASHINGTON DC 20001 208680315 APARTMENT RENTAL DC 2838067 0 THE FREEDOM FORUM INC FREEDOM FORUM INSTITUTE INC 1207 18TH STREET SOUTH NASHVILLE TN 37212 200617900 EDUCATION DC 501(C)(3) LINE 2 FREEDOM FORUM 0 THE FREEDOM FORUM INC 300 NEW JERSEY AVENUE NW SUITE 800 WASHINGTON DC 20001 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