2021-06-18T07:02:12-05:00 2020-12-31 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2020-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR COO 3367217316 2021-06-18 true TERRY TAYLOR 999009999 VALERIE D KIGER P01732917 3367250635 2021-06-18 X 2020 2022-09-23 18:48:47Z MR FRANK VAGNONE 600 S MAIN STREET WINSTONSALEM NC 27101 12719553 false X WWW.OLDSALEM.ORG X 1950 NC THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 21 21 160 34 1598 2405788 2031916 1183238 116812 2551178 828762 1345676 196239 7485880 3173729 0 0 3790557 2421311 0 290555 2681526 1949018 6472083 4370329 1013797 -1196600 77533232 79368344 2020348 1867413 75512884 77500931 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 1593555 54902 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. 745919 25699 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 1051067 36211 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. 3390541 true true false false false false true true false true true false false true false true true false false false false false false false true false false false false true false false false false false false false false true true false false false false false false false true 36 0 true 160 true true true false false false false true true false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false NC X THE ORGANIZATION 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 MR FRANK VAGNONE PRES/CEO 40.00 X 170118 0 6082 TERRY TAYLOR COO 40.00 X 76558 0 5510 MR ROBERT LEATH V.P. 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NO VALUE IS RECORDED FOR THESE DEED CONVENANTS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING 8,679 RENTAL EXPENSES 24,261 COST OF GOODS SOLD 32,334 P/L DEPRECIATION 13,376 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 24,261 COST OF GOODS SOLD 32,334 FUNDRAISING EVENT EXPENSES 8,679 P/L DEPRECIATION 13,376 BOOK / TAX DEPRECIATION DIFFERENCE 1 VARIOUS 147985 141795 6190 8679 147985 141795 6190 8679 8679 -2489 false false false false false false false false false MR FRANK VAGNONE PRES/CEO 170118 4551 1531 176200 X 11 13108 FMV X 6 151002 FMV AND APPRAISALS 3 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL BY THE AUDIT COMMMITTEE AND SUBMITTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE EXECUTIVE COMMITTEE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO OUR BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL STATEMENT OF COMPLIANCE IS OBTAINED FROM EACH TRUSTEE AND KEY EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15B THE OFFICERS' SALARIES ARE DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO PUBLIC UPON SPECIFIC REQUEST. THE ANNUAL REPORT IS DISTRIBUTED TO DONORS AND UPON SPECIFIC REQUEST.