2021-11-12T13:57:07-06:00 2020-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FL ALBANY NY 122072974 990 2020-01-01 150572877 NATIONAL BASEBALL HALL OF FAME AND MUSEUM INC NATI 6075477200 25 MAIN STREET COOPERSTOWN NY 13326 JEFFREY J JONES SR VP FIN & ADMIN 6075477200 2021-11-10 1 JEFFREY JONES 999009999 TODD P TERESCO P00247720 5184274600 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFREY J JONES 25 MAIN STREET COOPERSTOWN NY 13326 24076599 0 X WWW.BASEBALLHALL.ORG X 1936 NY THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION DEDICATED TO FOSTERING AN APPRECIATION OF THE HISTORICAL DEVELOPMENT OF THE GAME OF BASEBALL AND ITS IMPACT ON OUR CULTURE BY COLLECTING, PRESERVING, EXHIBITING AND INTERPRETING ITS COLLECTIONS FOR A GLOBAL AUDIENCE, AS WELL AS HONORING THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO OUR NATIONAL PASTIME. 15 12 176 25 0 0 4165739 9444570 7473977 2875904 119592 608717 2414333 983799 14173641 13912990 0 0 0 0 5696385 5966801 0 0 480930 7405046 5479437 13101431 11446238 1072210 2466752 55871011 59891798 3787229 3696559 52083782 56195239 X SEE SCHEDULE O 0 0 7844447 3397256 SEE SCHEDULE O 7844447 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 34 0 1 176 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 12 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CO CT DC FL GA IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OR PA RI SC TN UT VA WV WI X JEFFREY J JONES 6075477200 25 MAIN STREET COOPERSTOWN NY 13326 JANE FORBES CLARK CHAIRMAN/DIRECTOR 4.00 0.00 X X 0 0 0 JOE L MORGAN UNTIL 101120 VICE CHAIRMAN/DIRECTOR 4.00 0.00 X X 0 0 0 KEVIN S MOORE TREASURER/DIRECTOR 4.00 0.00 X X 0 0 0 PAUL BEESTON DIRECTOR 4.00 0.00 X 0 0 0 WILLIAM O DEWITT JR DIRECTOR 4.00 0.00 X 0 0 0 WILLIAM L GLADSTONE UNTIL 43020 DIRECTOR 4.00 0.00 X 0 0 0 DAVID D GLASS UNTIL 1920 DIRECTOR 4.00 0.00 X 0 0 0 ROBERT MANFRED JR DIRECTOR, EX OFFICIO 4.00 0.00 X 0 0 0 ARTE MORENO DIRECTOR 4.00 0.00 X 0 0 0 PHIL NIEKRO UNTIL 122620 DIRECTOR 4.00 0.00 X 0 0 0 JERRY REINSDORF DIRECTOR 4.00 0.00 X 0 0 0 BROOKS C ROBINSON JR DIRECTOR 4.00 0.00 X 0 0 0 DR HARVEY W SCHILLER DIRECTOR 4.00 0.00 X 0 0 0 OZZIE SMITH DIRECTOR 4.00 0.00 X 0 0 0 EDWARD W STACK DIRECTOR 4.00 0.00 X 0 0 0 THOMAS TULL DIRECTOR 4.00 0.00 X 0 0 0 CAL RIPKEN JR DIRECTOR 4.00 0.00 X 0 0 0 ROBERTO ALOMAR DIRECTOR 4.00 0.00 X 0 0 0 ALEXANDER CHARLTON SECRETARY 4.00 0.00 X X 0 0 0 KEN KENDRICK DIRECTOR 4.00 0.00 X 0 0 0 TIM MEAD PRESIDENT 35.00 0.00 X 356360 0 44259 JEFFREY J JONES SR. VP FINANCE & ADMINISTRATION 35.00 0.00 X 236107 0 24147 SEAN GAHAGAN VP RETAIL MARKETING / LICENSING 35.00 0.00 X 201890 0 54350 KENNETH MEIFERT VP SPONSORSHIP & DEVELOPMENT 35.00 0.00 X 118832 0 24616 ERIK STROHL VP EXHIBITIONS AND COLLECTIONS 35.00 0.00 X 104050 0 23113 JONATHAN SHESTAKOFSKY VP COMMUNICATIONS & EDUCATION 35.00 0.00 X 106514 0 17516 EVAN G CHASE SECURITY DIRECTOR 35.00 0.00 X 116167 0 36656 1239920 0 224657 7 0 1 0 KPMG LLP DEPT 0511 PO BOX 120511 DALLAS TX 753120511 ACCOUNTS & TAX SER. 125115 1 2360 1788420 7653790 53015 9444570 FRIENDS OF THE HALL MENU 900099 1850506 1850506 ADMISSIONS 900099 949095 949095 PROGRAM SERVICES 900099 57925 57925 TRAVELING EXHIBITIONS 900099 18378 18378 2875904 572607 572607 472678 472678 7504242 7468132 36110 36110 36110 13231 -13231 -13231 2687227 2682246 4981 4981 EMPLOYEE RETENTION CREDIT 900099 503475 503475 MISCELLANEOUS INCOME 900099 12896 12896 FACILITY USE FEES 900099 3000 3000 519371 13912990 3397256 0 1071164 1593413 604576 917113 71724 3043486 2255051 613919 174516 268539 195877 54936 17726 781312 558820 162889 59603 280051 202819 60112 17120 148280 148280 129300 129300 208690 208690 316632 223304 71306 22022 339310 338272 763 275 375170 289996 24486 60688 203967 152791 38676 12500 764057 575562 188495 49645 6837 30029 12779 26100 26100 1826656 1484158 342498 245165 164139 81026 EXPRESS & POSTAGE 415989 380230 11177 24582 CONSERVATION & REFURB. 63098 63098 HALL OF FAME WEEKEND 35930 35930 EDUCATION SPONSORED OUT 294 294 331154 312693 11066 7395 11446238 7844447 3120861 480930 563138 2951336 2561228 2203136 7723192 5718624 215887 673333 627606 662296 251235 157239 61791873 37964452 25607101 23827421 5333637 5680110 12987987 18018303 55871011 59891798 160058 449273 595822 466179 3031349 2781107 3787229 3696559 X 29243883 28575625 22839899 27619614 52083782 56195239 55871011 59891798 X 2466752 1532384 112321 X 0 1 X 1 0 X 3126874 15254218 8022155 4165739 9948045 40517031 11578224 11436942 12536392 13646336 5563131 54761025 14705098 26691160 20558547 17812075 15511176 95278056 761051 14470760 2312295 404475 3072750 21021331 0 761051 14470760 2312295 404475 3072750 21021331 74256725 921663 961135 1074435 1121243 1045285 5123761 921663 961135 1074435 1121243 1045285 5123761 69221 53982 49786 57511 15896 246396 15695982 27706277 21682768 18990829 16572357 100648213 0.73780 0.75270 0.05090 0.04770 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FACULTY USE FEES - 2016 AMOUNT: $ 64,050. 2017 AMOUNT: $ 43,600. 2018 AMOUNT: $ 33,727. 2019 AMOUNT: $ 53,015. 2020 AMOUNT: $ 3,000. MISCELLANEOUS - 2016 AMOUNT: $ 5,171. 2017 AMOUNT: $ 10,382. 2018 AMOUNT: $ 16,059. 2019 AMOUNT: $ 4,496. 2020 AMOUNT: $ 12,896. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 PART II-B, LINE 1: LOBBYING ACTIVITIES LIMITED TO OFFICER DISCUSSIONS WITH CONSULTANTS AND LEGISLATORS TO OBTAIN FUNDING FOR CHARITABLE MISSION. NO FUNDS WERE EXPENDED. PART 1-A, LINE 1 LOBBYING ACTIVITES LIMITED TO OFFICER DISCUSSIONS WITH CONSULTANTS AND LEGISLATORS TO OBTAIN FUNDING FOR CHARITABLE MISSION. NO FUNDS WERE EXPENDED. X X X X 0 28237079 1126977 2139656 0 193900 31309812 24149058 1389445 2874891 38615 137700 28237079 22934624 1961220 -623372 38325 85089 24149058 12853140 9633945 580443 48904 84000 22934624 11974803 444580 556611 49854 73000 12853140 1.00000 1 0 616540 616540 39333639 19695518 19638121 21841694 18268934 3572760 23827421 LIMITED PARTNERSHIPS 982438 F CORPORATE BONDS AND NOTES 51565 F LARGE CAP EQUITIES 177510 F DIVERSIFIED EQUITIES 16806790 F 18018303 ACCRUED POST RETIREMENT BENEFIT 2781107 2781107 X 18140851 1532384 1532384 16608467 -2695477 -2695477 13912990 14029394 2583156 2583156 11446238 0 11446238 PART III, LINE 1A: PURCHASED COLLECTIONS ARE ADDED AT COST AND DONATED COLLECTIONS ARE ADDED AT FAIR VALUE AS DETERMINED BY THE MUSEUM. THESE COLLECTIONS ARE EXCLUDED FROM THE BALANCE SHEET. COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. PART V, LINE 4: THE MUSEUMS ENDOWMENT CONSISTS OF TWO INDIVIDUAL FUNDS AT DECEMBER 31, 2020. ONE ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF FUNDING AN INTERNSHIP PROGRAM. THE ENDOWMENT ALLOWS FOR ANNUAL SPENDING UP TO 10% OF THE ENDOWMENTS EARNINGS AND PRINCIPAL, BEGINNING WITH EARNINGS ON THE INVESTMENT BEFORE REDUCING THE PRINCIPAL, IF NECESSARY. THE SECOND ENDOWMENT HAS BEEN ESTABLISHED TO PRESERVE THE NATIONAL PASTIME AND THE ASSOCIATED COLLECTIONS, ARCHIVES AND PROGRAMS. SPENDING FOR THIS ENDOWMENT IS IN ACCORDANCE WITH SPENDING POLICIES APPROVED BY THE BOARD OF DIRECTORS, WHICH CURRENTLY ALLOW A SPENDING RATE UP TO 4.5% OF THE MOST RECENT TWENTY QUARTER AVERAGE MARKET VALUE OF THE ENDOWMENT. PART X, LINE 2: THE MUSEUM IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE MUSEUM FOLLOWS ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES INCOME TAXES RECOGNIZED IN AN ORGANIZATIONS FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE MUSEUM HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,682,246. EVENTS DIRECT EXPENSE -13,231. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,682,246. EVENTS DIRECT EXPENSE 13,231. POSTRETIREMENT BENEFITS -114,588. COLLECTION ITEMS ACQUIRED 2,267. X X 1 1 X X 0 0 0 0 0 0 0 1 0 TIM MEAD PRESIDENT 354380 0 0 0 1980 0 18693 0 25566 0 400619 0 0 0 JEFFREY J JONES SR. VP FINANCE & ADMINISTRATION 234194 0 1000 0 913 0 23419 0 728 0 260254 0 0 0 SEAN GAHAGAN VP RETAIL MARKETING / LICENSING 192484 0 9000 0 406 0 20288 0 34062 0 256240 0 0 0 EVAN G CHASE SECURITY DIRECTOR 109038 0 6630 0 499 0 11651 0 25005 0 152823 0 0 0 PART I, LINE 7 DISCRETIONARY BONUS' ARE REVIEWED ANNUALLY BY APPROPRIATE BOARD OFFICERS. FACTORS CONSIDERED INCLUDE ACHEIVEMENT OF PROGRAMMATIC AND CUSTOMER INITIATIVES; THE DEVELOPMENT AND MAINTENANCE OF POSITIVE RELATIONSHIPS WITH MEMBERS, DONORS, AND PATRONS; AND OVERALL ORGANIZATIONAL FINANCIAL CONDITION. THE CLARK ESTATES INC COMMON MANAGEMENT 208690 FINANCIAL SERVICES 0 PART IV, LINE 1 OUR CHAIRMAN JANE FORBES CLARK IS CHAIRMAN AND DIRECTOR OF THE CLARK ESTATES, INC.OUR TREASURER AND DIRECTOR KEVIN S. MOORE IS PRESIDENT AND DIRECTOR OF THE CLARK ESTATES, INC.OUR SECRETARY ALEX CHARLTON IS SECRETARY OF THE CLARK ESTATES, INC.OUR DIRECTOR EDWARD W. STACK IS A DIRECTOR OF THE CLARK ESTATES, INC. X 1000 0 X 0 X 419 45856 FMV X 881 0 X PRODUCT CREDIT 0 4800 FMV X EVENT GIVEAWAYS 0 2360 FMV X PERSONAL PAPERS 25 0 X ARCHIVAL COLLECTION 5050 0 3 0 1 0 PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT REVENUE IN COLUMN (C) FOR A TYPE OF PROPERTY FOR WHICH COLUMN (A) IS CHECKED BECAUSE IT ELECTED, PURSUANT TO SFAS 16, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET DONATIONS HELD FOR PUBLIC EXHIBITION AND EDUCATION OF ITS TAX EXEMPT PURPOSE. FORM 990, PART III, LINE 1 THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION DEDICATED TO FOSTERING AN APPRECIATION OF THE HISTORICAL DEVELOPMENT OF THE GAME OF BASEBALL AND ITS IMPACT ON OUR CULTURE BY COLLECTING, PRESERVING, EXHIBITING AND INTERPRETING ITS COLLECTIONS FOR A GLOBAL AUDIENCE, AS WELL AS HONORING THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO OUR NATIONAL PASTIME. FORM 990, PART III, LINE 4A THROUGH ITS MISSION, THE MUSEUM IS COMMITTED TO: COLLECTING, THROUGH DONATION, BASEBALL ARTIFACTS, WORKS OF ART, LITERATURE, PHOTOGRAPHS, MEMORABILIA AND RELATED MATERIALS WHICH FOCUS ON THE HISTORY OF THE GAME OVER TIME, ITS PLAYERS, AND THOSE ELECTED TO THE HALL OF FAME. PRESERVING THE COLLECTIONS BY ADHERING TO PROFESSIONAL MUSEUM STANDARDS WITH RESPECT TO CONSERVATION AND MAINTAINING A PERMANENT RECORD OF HOLDINGS THROUGH DOCUMENTATION, STUDY, RESEARCH, CATALOGING AND PUBLICATION. EXHIBITING MATERIAL IN PERMANENT GALLERY SPACE, ORGANIZING ON-SITE CHANGING EXHIBITIONS ON VARIOUS THEMES, WITH WORKS FROM THE HALL OF FAME COLLECTIONS OR OTHER SOURCES, WORKING WITH OTHER INDIVIDUALS OR ORGANIZATION TO EXHIBIT LOANED MATERIAL OF SIGNIFICANCE TO BASEBALL AND PROVIDING RELATED RESEARCH FACILITIES. INTERPRETING ARTIFACTS THROUGH ITS EXHIBITION AND EDUCATION PROGRAMS TO ENHANCE AWARENESS, UNDERSTANDING AND APPRECIATION OF THE GAME FOR A DIVERSE AUDIENCE. HONORING, BY ENSHRINEMENT, THOSE INDIVIDUALS WHO HAD EXCEPTIONAL CAREERS, AND RECOGNIZING OTHERS FOR THEIR SIGNFICANT ACHIEVEMENTS. FORM 990, PART VI, SECTION A, LINE 2 JANE FORBES CLARK HAS A BUSINESS RELATIONSHIP WITH KEVIN MOORE. JANE FORBES CLARK AND KEVIN MOORE HAVE A BUSINESS RELATIONSHIP WITH EDWARD STACK AND ALEXANDER CHARLTON. ROBERT MANFRED HAS A BUSINESS RELATIONSHIP WITH WILLIAM DEWITT, JR., KEN KENDRICK, ARTE MORENO AND JERRY REINSDORF. FORM 990, PART VI, SECTION A, LINE 7A EFFECTIVE JUNE 8, 2017, THE MUSEUM AMENDED THE BY-LAWS OF THE ORGANIZATION TO INCLUDE FOUR SEATS ON THE BOARD OF DIRECTORS DESIGNATED AS MAJOR LEAGUE BASEBALL SEATS WHEREBY MLB IN ITS DISCRETION, SHALL BE ENTITLED TO DESIGNATE THOSE INDIVIDUALS TO SERVE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE OF THE BOARD FOR REVIEW AND ANY OTHER BOARD MEMBER THAT REQUESTS A COPY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL INTERESTED PERSONS, WHICH IS DEFINED IN THE POLICY TO INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING INDIVIDUALS AND ENTITIES: 1. DIRECTORS AND OFFICERS OF THE ORGANIZATION WHO RECEIVE AN ANNUAL QUESTIONNAIRE; 2. MEMBERS OF A COMMITTEE OF THE BOARD WHO RECEIVE AN ANNUAL QUESTIONNAIRE; 3. STAFF MEMBERS RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT AND OPERATION OF THE ORGANIZATION; 4. FOUNDER OF THE ORGANIZATION; 5. A SUBSTANTIAL CONTRIBUTOR TO THE ORGANIZATION; 6. A FAMILY MEMBER OF ANY DIRECTOR, OFFICER, COMMITTEE MEMBER, EMPLOYEE, FOUNDER OR SUBSTANTIAL CONTRIBUTOR; 7. ANY ENTITY OF WHICH ANY DIRECTOR, OFFICER, COMMITTEE MEMBER, EMPLOYEE, SUBSTANTIAL CONTRIBUTOR OR AN IMMEDIATE FAMILY MEMBER OF ANY SUCH INDIVIDUAL IS A DIRECTOR, TRUSTEE, OFFICER, COMMITTEE MEMBER OR STAFF MEMBER; AND 8. AN ENTITY IN WHICH DIRECTORS, OFFICERS, COMMITTEE MEMBERS, SUBSTANTIAL CONTRIBUTORS AND FAMILY MEMBERS HAVE A SUBSTANTIAL FINANCIAL INTEREST THROUGH EITHER OWNERSHIP OR MANAGERIAL CONTROL. WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR STAFF MEMBER OF THE ORGANIZATION BECOMES AWARE THAT THE ORGANIZATION IS CONSIDERING A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER INTEREST IN THE TRANSACTION. THE BOARD WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES ITS DETERMINATION OTHER THAN TO ANSWER QUESTIONS. IF NO CONFLICT OF INTEREST IS FOUND TO EXIST, THE MINUTES OF THE MEETING MUST RECORD THE BASIS OF THE BOARD'S DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. HAS A FORMAL PROCESS THAT IT USES TO DETERMINE THE BASE COMPENSATION OF THE PRESIDENT ON AN ANNUAL BASIS. THIS PROCESS INCLUDES THE EXECUTIVE COMMITTEE OF THE BOARD, CHAIRMAN OF THE FINANCE COMMITTEE AND COMPENSATION SURVEYS OR STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PARTIES DESIRING TO OBTAIN COPIES OF SUCH MUST PRESENT THEMSELVES AT THE ADMINISTRATIVE OFFICES OF THE MUSEUM OR BY SENDING A SELF-ADDRESSED STAMPED ENVELOPE AND PAYMENT FOR COPYING OF THE REQUESTED MATERIAL TO THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. ADMINISTRATIVE OFFICES. THE COST OF COPYING SHALL BE EQUAL TO THE COSTS IMPOSED BY THE IRS FOR COPYING OF PUBLIC DOCUMENTS. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT RELATED CHARGES OTHER THAN NET PERIODIC BENEFIT COST 114,588. COLLECTION ITEMS ACQUIRED -2,267.