NORTH CAROLINA MUSEUM OF ART FOUNDATION INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA MUSEUM OF ART FOUNDATION INC (EIN 23-7071511)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-15
- IRS object ID
- 202001979349308080
- Schema version
- 2018v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-15T21:36:26-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561750124 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BATCHELOR TILLERY & ROBERTS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3605 GLENWOOD AVENUE SUITE 350 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237071511 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA MUSEUM OF ART FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 9198396262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 MAIL SERVICE CENTER | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276994630 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VALERIE HILLINGS | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 9198396262 | PhoneNum |
| Signature | 2020-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KEITH A WASSERMAN | PreparerPersonNm |
| PTIN | P00072834 | PTIN |
| Phone | 9197878212 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 204.16.136.178 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-07-15 | IPDt |
| IP Tm | 21:35:34 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E377C45BE84EA85C77F2D8CFF9BB40EB03EE0A53 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0969DB63CC74AF5326F6F08A4F95A0EF0B5BC867 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-22 18:59:49Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | VALERIE HILLINGS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 BLUE RIDGE ROAD | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27607 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,906,041 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NCARTMUSEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE NC MUSEUM OF ART. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 199 | TotalEmployeeCnt |
| Total Volunteers | 396 | TotalVolunteersCnt |
| Total Gross UBI | $340,624 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$102,135 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,860,785 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,819,592 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,303,058 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,506,380 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,164,447 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,788,679 | CYInvestmentIncomeAmt |
| PY Other Revenue | $404,487 | PYOtherRevenueAmt |
| CY Other Revenue | $527,363 | CYOtherRevenueAmt |
| PY Total Revenue | $18,732,777 | PYTotalRevenueAmt |
| CY Total Revenue | $12,642,014 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $134,300 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,444,523 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,757,351 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,734,103 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,985,345 | PYOtherExpensesAmt |
| CY Other Expenses | $7,775,361 | CYOtherExpensesAmt |
| PY Total Expenses | $17,564,168 | PYTotalExpensesAmt |
| CY Total Expenses | $12,532,712 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,168,609 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $109,302 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $63,915,936 | TotalAssetsBOYAmt |
| Total Assets EOY | $66,554,402 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,220,625 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,731,365 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $62,695,311 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $60,823,037 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE NORTH CAROLINA MUSEUM OF ART FOUNDATION INC.'S PRIMARY MISSION IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE NORTH CAROLINA MUSEUM OF ART. THE FOUNDATION IS PRIMARILY RESPONSIBLE FOR FUNDRAISING ON BEHALF OF THE MUSEUM AND A SIGNIFICANT PART OF THE FUNDING REQUIRED TO OPERATE AND PROGRAM THE COMBINED (STATE AND FOUNDATION) ENTITY. IN ADDITION TO BEING THE PRIMARY FUNDRAISING ARM OF THE MUSEUM, THE FOUNDATION ALSO MANAGES A SIGNIFICANT MEMBERSHIP BASE FOR THE MUSEUM, UNDERWRITES ALL PUBLIC PROGRAMMING INCLUDING EXHIBITIONS AND A PERFORMING ARTS & FILM SERIES, OPERATES BOTH A RETAIL SHOP AND A FOOD SERVICE OPERATION (INCLUDING SPECIAL EVENTS CATERING AND RESTAURANTS), AND SERVICES AND MAINTAINS ALL OF THE MUSEUM'S INFORMATION TECHNOLOGY SYSTEMS FOR THE BENEFIT OF THE MUSEUM'S MEMBERS AND VISITORS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,300,115 | ExpenseAmt |
| Revenue | $2,322,249 | RevenueAmt |
| Desc | THE MUSEUM OF ART IS PARTIALLY SUPPORTED BY STATE APPROPRIATIONS THAT LARGELY FUND STATE STAFF POSITIONS AND THEIR RELATED BENEFITS, AND A PORTION OF THE OPERATING COSTS OF RUNNING THE MUSEUM. THE NORTH CAROLINA MUSEUM OF ART FOUNDATION, INC. PROVIDES THE MAJORITY OF FINANCIAL SUPPORT NEEDED FOR EDUCATION AND CURATORIAL PROGRAMMING OF THE MUSEUM OF ART INCLUDING SUPPORT FOR STATEWIDE AND MUSEUM-BASED EDUCATION PROGRAMMING, SPECIAL TRAVELING ART EXHIBITIONS, SUPPLEMENTAL ART CONSERVATION FUNDS, AND PUBLIC PROGRAMMING. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,221,202 | ExpenseAmt |
| Revenue | $3,184,131 | RevenueAmt |
| Desc | THE NORTH CAROLINA MUSEUM OF ART FOUNDATION INC. PROVIDES DAY-TO-DAY MANAGEMENT OF THE MUSEUM'S ON-SITE FULL-SERVICE RESTAURANT, CONCESSION FOOD SERVICES, AND RETAIL STORE. IN ADDITION, THE FOUNDATION ALSO PLANS AND MANAGES A PORTFOLIO OF SPECIAL EVENTS INCLUSIVE OF CORPORATE RENTALS, CONFERENCES, WEDDINGS, DONOR CULTIVATION EVENTS, AND MEMBERSHIP PROGRAMMING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $159,900 | ExpenseAmt |
| Desc | THE NORTH CAROLINA MUSEUM OF ART FOUNDATION, INC. PROVIDES ADDITIONAL SUPPORT TO THE MUSEUM OF ART BY CULTIVATING DONORS FOR COMMISSIONED WORKS OF ART AND CONTRIBUTIONS FOR ART ACQUISITIONS. ALL ART PURCHASED OR COMMISSIONED IS GIFTED BY THE FOUNDATION TO THE NORTH CAROLINA MUSEUM OF ART. A LARGE MAJORITY OF THE ARTWORK ADDED TO THE STATE'S ART COLLECTION IS GIFTED BY THE FOUNDATION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $8,681,217 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 177 | IRPDocumentCnt |
| IRP Document W2 G | 1 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 199 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALERIE HILLINGS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9198396262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 MAIL SERVICE CENTER | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276994630 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DIANE BASTIAN | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| JAMES B BLACK III | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| ANGELIQUE BOWMAN | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| PETER M BRISTOW | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| DAVID BRODY | |||||||
| PRESIDENT | 1.11 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARION L JOHNSON CHURCH | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| BRIAN CIAVERELLA | |||||||
| VICE-PRESIDENT | 1.11 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JOE DAVY | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| ANN B GOODNIGHT | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL G HOOKER | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| JESSICA MAYNARD | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD L MCNEEL | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| GEORGE W PASCHAL III | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| LARRY E ROBBINS | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| LIZA ROBERTS | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| LAURA ROBINETTE | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| JAMES ROMANO | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| BING SIZEMORE | |||||||
| TREASURER | 1.11 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| RENEE SNYDERMAN | |||||||
| BOARD DIRECTOR | 1.11 | Yes (X) | $0 | $0 | $0 | ||
| CAROLE WILSON | |||||||
| SECRETARY | 1.11 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LAWRENCE J WHEELER | |||||||
| MUSEUM DIRECTOR | 47.00 | $368,333 | $329,445 | $65,363 | Yes (X) | ||
| CATERRI M WOODRUM | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | $310,807 | $0 | $24,950 | Yes (X) | ||
| VALERIE HILLINGS | |||||||
| MUSEUM DIRECTOR | 54.00 | $16,383 | $49,438 | $9,484 | Yes (X) | ||
| SHARON L FRANK | |||||||
| DIRECTOR OF FINANCE | 40.00 | $101,578 | $0 | $24,038 | Yes (X) | ||
| DANIEL P GOTTLIEB | |||||||
| DIRECTOR OF PLANNING & DESIGN | 40.00 | $186,224 | $0 | $19,097 | Yes (X) | ||
| MARJORIE H HODGES | |||||||
| DIRECTOR OF STRATEGIC INITIATIVES | 40.00 | $136,780 | $0 | $15,048 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,120,105 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $378,883 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $157,980 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGUIREWOODS LLP | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 E CANAL STREET | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 232193316 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL FEES | ServicesDesc |
| Compensation | $115,137 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $2,410,531 | MembershipDuesAmt |
| Fundraising | $96,744 | FundraisingAmt |
| All Other Contributions | $2,312,317 | AllOtherContributionsAmt |
| Noncash Contributions | $365,812 | NoncashContributionsAmt |
| Total Contributions | $4,819,592 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|---|
| CAFE SALES | 722514 | $2,164,898 | $305,797 | $1,859,101 | |
| PROGRAM FEES | 900099 | $2,061,034 | $34,827 | $2,026,207 | |
| MUSEUM SHOP SALES | 453220 | $1,084,775 | $1,084,775 | ||
| OTHER OPERATING REVENUE | 900099 | $195,673 | $195,673 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,506,380 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,174,039 | TotalRevenueColumnAmt |
| Exclusion | $1,174,039 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,201 | TotalRevenueColumnAmt |
| Exclusion | $2,201 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,638,619 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,023,979 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $614,640 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $614,640 | TotalRevenueColumnAmt |
| Exclusion | $614,640 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $371,310 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $96,744 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $113,974 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $257,336 | TotalRevenueColumnAmt |
| Exclusion | $257,336 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $393,900 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $126,074 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $267,826 | TotalRevenueColumnAmt |
| Exclusion | $267,826 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,642,014 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,110,982 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $340,624 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,370,816 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $913,166 | TotalAmt |
| Program Services | $248,005 | ProgramServicesAmt |
| Management And General | $390,190 | ManagementAndGeneralAmt |
| Fundraising | $274,971 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,957,679 | TotalAmt |
| Program Services | $1,366,089 | ProgramServicesAmt |
| Management And General | $769,850 | ManagementAndGeneralAmt |
| Fundraising | $821,740 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,473 | TotalAmt |
| Program Services | $54,007 | ProgramServicesAmt |
| Management And General | $47,616 | ManagementAndGeneralAmt |
| Fundraising | $9,850 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $503,638 | TotalAmt |
| Program Services | $279,648 | ProgramServicesAmt |
| Management And General | $120,444 | ManagementAndGeneralAmt |
| Fundraising | $103,546 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,395 | TotalAmt |
| Program Services | $160,966 | ProgramServicesAmt |
| Management And General | $65,799 | ManagementAndGeneralAmt |
| Fundraising | $44,630 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,845 | TotalAmt |
| Program Services | -$7,489 | ProgramServicesAmt |
| Management And General | $107,334 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,287 | TotalAmt |
| Management And General | $38,287 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,524 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
| Management And General | $55,524 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,879 | TotalAmt |
| Program Services | $236,879 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,630,570 | TotalAmt |
| Program Services | $1,154,306 | ProgramServicesAmt |
| Management And General | $253,367 | ManagementAndGeneralAmt |
| Fundraising | $222,897 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $418,876 | TotalAmt |
| Program Services | $357,332 | ProgramServicesAmt |
| Fundraising | $61,544 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,301,610 | TotalAmt |
| Program Services | $1,081,213 | ProgramServicesAmt |
| Management And General | $79,480 | ManagementAndGeneralAmt |
| Fundraising | $140,917 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,067 | TotalAmt |
| Program Services | $43,649 | ProgramServicesAmt |
| Management And General | $40,562 | ManagementAndGeneralAmt |
| Fundraising | $5,856 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,528 | TotalAmt |
| Program Services | $101,851 | ProgramServicesAmt |
| Management And General | $40,677 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $287,281 | TotalAmt |
| Program Services | $259,850 | ProgramServicesAmt |
| Management And General | $5,488 | ManagementAndGeneralAmt |
| Fundraising | $21,943 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,217 | TotalAmt |
| Program Services | $32,346 | ProgramServicesAmt |
| Management And General | $5,900 | ManagementAndGeneralAmt |
| Fundraising | $971 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,017 | TotalAmt |
| Program Services | $20,017 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,610 | TotalAmt |
| Program Services | $610,770 | ProgramServicesAmt |
| Management And General | $34,840 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,722 | TotalAmt |
| Program Services | $63 | ProgramServicesAmt |
| Management And General | $39,659 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| EARNED INCOME EXPENSE | $1,173,364 | $1,173,364 | |
| LECTURE, WORKSHOP & ART | $730,109 | $728,609 | $1,500 |
| PRODUCTION EXPENSES | $262,695 | $262,695 | |
| ART PURCHASES | $159,900 | $159,900 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $398,260 | TotalAmt |
| Program Services | $352,147 | ProgramServicesAmt |
| Management And General | $22,375 | ManagementAndGeneralAmt |
| Fundraising | $23,738 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,532,712 | TotalAmt |
| Program Services | $8,681,217 | ProgramServicesAmt |
| Management And General | $2,117,392 | ManagementAndGeneralAmt |
| Fundraising | $1,734,103 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,321,462 | BOYAmt |
| EOY | $7,510,425 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $470,810 | BOYAmt |
| EOY | $915,047 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,637,665 | BOYAmt |
| EOY | $812,411 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,107 | BOYAmt |
| EOY | $40,123 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,141 | BOYAmt |
| EOY | $169,364 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $554,823 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,817,352 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,932,869 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,560,891 | BOYAmt |
| EOY | $14,884,483 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,613,075 | BOYAmt |
| EOY | $35,179,739 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,247,759 | BOYAmt |
| EOY | $4,701,831 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,650,000 | BOYAmt |
| EOY | $1,650,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,026 | BOYAmt |
| EOY | $136,156 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,915,936 | BOYAmt |
| EOY | $66,554,402 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,220,625 | BOYAmt |
| EOY | $758,411 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,972,954 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,220,625 | BOYAmt |
| EOY | $5,731,365 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,250,222 | BOYAmt |
| EOY | $17,744,641 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,361,572 | BOYAmt |
| EOY | $10,798,151 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,083,517 | BOYAmt |
| EOY | $32,280,245 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,695,311 | BOYAmt |
| EOY | $60,823,037 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,915,936 | BOYAmt |
| EOY | $66,554,402 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $109,302 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $263,274 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,244,850 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,878,819 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,848,556 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,043,601 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,777,452 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,819,592 | CurrentTaxYearAmt |
| Total | $46,368,020 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $999,996 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $999,996 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,000,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $83,333 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $3,083,325 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,878,815 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,848,552 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,043,601 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,860,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,819,592 | CurrentTaxYearAmt |
| Total | $49,451,345 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $16,007,040 | SubstantialContributorsTotAmt |
| Public Support Total170 | $33,444,305 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $719,661 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $692,579 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $737,099 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $919,135 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,176,240 | CurrentTaxYearAmt |
| Total | $4,244,714 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $53,696,059 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $29,215,477 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.62280 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63100 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $60,524 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $60,524 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LOBBYING ACTIVITY EXPLANATION: DURING THE FISCAL YEAR ENDED 6/30/2019, $60,524 WAS PAID TO THE LAW FIRM OF SMITH, ANDERSON, BLOUNT, DORSETT, MICHELL & JERNIGAN, LLP FOR LOBBYING ASSISTANCE IN SEEKING ADDITIONAL STATE AND LOCAL SUPPORT FOR THE NORTH CAROLINA MUSEUM OF ART. ACTIVITIES INCLUDED MEETING WITH AND CONTACTING GOVERNMENT OFFICIALS AND LEGISLATORS. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,450,407 | BeginningYearBalanceAmt |
| Contributions | $1,960,293 | ContributionsAmt |
| Investment Earnings Or Losses | $1,989,023 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,079,686 | OtherExpendituresAmt |
| Administrative Expenses | $234,210 | AdministrativeExpensesAmt |
| End Year Balance | $41,085,827 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,301,497 | BeginningYearBalanceAmt |
| Contributions | $974,588 | ContributionsAmt |
| Investment Earnings Or Losses | $2,390,442 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $216,120 | AdministrativeExpensesAmt |
| End Year Balance | $38,450,407 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,152,190 | BeginningYearBalanceAmt |
| Contributions | $204,021 | ContributionsAmt |
| Investment Earnings Or Losses | $4,137,344 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $192,058 | AdministrativeExpensesAmt |
| End Year Balance | $35,301,497 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,396,794 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$966,766 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $94,709 | OtherExpendituresAmt |
| Administrative Expenses | $183,129 | AdministrativeExpensesAmt |
| End Year Balance | $31,152,190 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $33,005,088 | BeginningYearBalanceAmt |
| Contributions | $35,208 | ContributionsAmt |
| Investment Earnings Or Losses | -$482,758 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $160,744 | AdministrativeExpensesAmt |
| End Year Balance | $32,396,794 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.78600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21400 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,430,574 | OtherCostOrOtherBasisAmt |
| Book Value | $4,430,574 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,462,160 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,342,920 | DepreciationAmt |
| Book Value | $119,240 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,924,618 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,589,949 | DepreciationAmt |
| Book Value | $10,334,669 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $14,884,483 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $4,701,831 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $4,701,831 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS | $286,404 |
| DEFERRED REVENUES | $4,686,550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,972,954 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $12,982,797 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $263,274 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $74,340 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $240,048 | OtherRevenueAmt |
| Revenue Not Reported | $577,662 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,405,135 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $236,879 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $236,879 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $12,642,014 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,610,221 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $74,340 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $240,048 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $314,388 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,295,833 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $236,879 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $236,879 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,532,712 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | INTENDED USES OF ENDOWMENT FUNDS: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. THE INVESTMENT POLICY WAS DEVELOPED WITH THE LONG-TERM INTERESTS OF THE ENDOWMENT IN MIND AND ADHERES TO ACCEPTED INVESTMENT AND FINANCIAL MANAGEMENT PRINCIPLES. THE INVESTMENT POLICY IS DESIGNED TO ENSURE PRUDENT MANAGEMENT OF THE ASSETS IN ORDER TO SERVE THE BEST LONG-TERM INTERESTS OF THE FOUNDATION. THE FOUNDATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A TOTAL REAL RATE OF RETURN OF 5%, NET OF FEES, OVER A THREE-YEAR ROLLING AVERAGE. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE FOUNDATION'S HISTORICAL SPENDING POLICY REFLECTS AN INTENDED APPROPRIATION OF 5% OF THE ENDOWMENT FUNDS FOR DISTRIBUTION EACH YEAR IN KEEPING WITH THE ANTICIPATED INVESTMENT RETURN. THE BOARD CLOSELY MONITORS ANTICIPATED INVESTMENT RETURNS RELATIVE TO CURRENT MARKET CONDITIONS EACH YEAR. ANY INVESTMENT RETURNS IN EXCESS OF THE ANNUAL DISTRIBUTION WILL REMAIN INVESTED IN THE ENDOWMENT AND WILL EARN ADDITIONAL RETURNS UNTIL APPROPRIATED IN FUTURE YEARS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 113,974. RAFFLE EXPENSES 126,074. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 113,974. RAFFLE EXPENSES 126,074. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ART IN BLOOM | Event1Nm |
| Gross Receipts Event1 | $443,438 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $96,744 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $346,694 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $8,855 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $88,066 | OtherDirectExpensesEvent1Amt |
| Event2 | PURIM EVENT | Event2Nm |
| Gross Receipts Event2 | $24,616 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $24,616 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $16,692 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $361 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $468,054 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $96,744 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $371,310 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $25,547 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $88,427 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $113,974 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $257,336 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $393,900 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $114,609 | NonCashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $11,465 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $393,900 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $114,609 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $11,465 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $126,074 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $267,826 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NC | StatesWhereGamingConductedCd |
| Licensed | 0 | LicensedInd |
| Explanation If No | THE NC MUSEUM OF ART FOUNDATION IS A NONPROFIT ORGANIZATION RECOGNIZED IN NC UNDER G.S. 105-130.11(A). THE ORGANIZATION CONDUCTED A RAFFLE IN JUNE 2019 IN ACCORDANCE WITH NC G.S. 14-309.15, AND IS NOT REQUIRED TO OBTAIN A GAMING LICENSE. | ExplanationIfNoTxt |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Individual With Books | JOANNE ZACH | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 MAIL SERVICE CENTER | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276994630 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAWRENCE J WHEELER | ||||||||||||||
| MUSEUM DIRECTOR | $368,333 | $329,445 | $0 | $0 | $0 | $0 | $36,376 | $23,502 | $3,332 | $2,153 | $408,041 | $355,100 | $0 | $0 |
| CATERRI M WOODRUM | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $256,623 | $0 | $48,000 | $0 | $6,184 | $0 | $10,922 | $0 | $15,318 | $0 | $337,047 | $0 | $0 | $0 |
| DANIEL P GOTTLIEB | ||||||||||||||
| DIRECTOR OF PLANNING & DESIGN | $179,638 | $0 | $0 | $0 | $6,586 | $0 | $7,447 | $0 | $12,940 | $0 | $206,611 | $0 | $0 | $0 |
| MARJORIE H HODGES | ||||||||||||||
| DIRECTOR OF STRATEGIC INITIATIVES | $136,200 | $0 | $0 | $0 | $580 | $0 | $5,460 | $0 | $10,849 | $0 | $153,089 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II | FormAndLineReferenceDesc |
| Explanation | COMPENSATION INFORMATION: DR. LAWRENCE J. WHEELER WAS THE DIRECTOR OF THE NORTH CAROLINA MUSEUM OF ART, A STATE ENTITY ORGANIZED UNDER THE DEPARTMENT OF CULTURAL RESOURCES. THE NORTH CAROLINA MUSEUM OF ART FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION IN SUPPORT OF THE STATE MUSEUM. GIVEN THE COMMON GOALS OF THESE TWO ORGANIZATIONS, DR. WHEELER EXERCISED SIGNIFICANT INFLUENCE RELATIVE TO BOTH ENTITIES AND HIS PRIMARY COMPENSATION THROUGH THE STATE OF NORTH CAROLINA WAS SUPPLEMENTED SIGNIFICANTLY BY THE NORTH CAROLINA MUSEUM OF ART FOUNDATION, INC. IN ADDITION TO SALARY SUPPLEMENTS, THE FOUNDATION MAINTAINED A CONSULTING AGREEMENT WITH DR. WHEELER WHICH PROVIDED ADDITIONAL COMPENSATION IN EXCHANGE FOR HIS EXPERTISE AND INVOLVEMENT IN VARIOUS FUNDRAISING ACTIVITIES, PARTICULARLY AS THEY RELATED TO THE CULTIVATION AND SOLICITATION OF COLLECTORS AND DONORS. THE MOST RECENT CONSULTING AGREEMENT COMMENCED ON JULY 1, 2017 AND WAS FOR A PERIOD OF FIFTEEN MONTHS ENDING SEPTEMBER 30, 2018. UNDER THIS AGREEMENT, DR. WHEELER RECEIVED QUARTERLY CONSULTING FEES OF $85,000 PAID BY THE FOUNDATION. DR. WHEELER RETIRED AS DIRECTOR OF THE NORTH CAROLINA MUSEUM OF ART IN NOVEMBER 2018. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 18 | ContributionCnt |
| Noncash Contributions Rpt F990 | $353,103 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK QUOTE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | SUPPLIES | 3 | $5,078 | FAIR MARKET VALUE |
| Yes (X) | COMPUTER EQUIPMENT | 1 | $4,150 | FAIR MARKET VALUE |
| Yes (X) | OFFICE FURNITURE | 1 | $3,481 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS: THE NCMA FOUNDATION'S GOVERNANCE INCLUDES AN AUDIT COMMITTEE OPERATING UNDER A FORMAL CHARTER. THE AUDIT COMMITTEE SERVES AS AN INDEPENDENT AND OBJECTIVE PARTY TO MONITOR THE FOUNDATION'S FINANCIAL REPORTING PROCESS INCLUDING OVERSIGHT OF THE 990 TAX FILING. THE AUDIT COMMITTEE MEETS WITH EXTERNAL AUDITORS AND FOUNDATION MANAGEMENT TO REVIEW THE RESULTS OF THE ANNUAL AUDIT AND RELATED FINANCIAL STATEMENTS. |
| FORM 990, PART VI, SECTION B, LINE 12C | MONITORING CONFLICTS OF INTEREST: THE AUDIT COMMITTEE ALSO SERVES AS THE ETHICS COMMITTEE FOR THE FOUNDATION, OVERSEEING THE WHISTLEBLOWER, RECORDS RETENTION, CONFLICTS OF INTEREST AND CONFIDENTIALITY POLICIES. THE AUDIT COMMITTEE CHAIRMAN IS THE INDEPENDENT PARTY TO WHICH EMPLOYEES AND BOARD MEMBERS MAY REPORT ANY ETHICS CONCERNS OR POSSIBLE CONFLICTS OF INTEREST. THE COMMITTEE MEETS AT LEAST TWICE PER YEAR AND MORE OFTEN AS NECESSARY. POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED WITH THE FOUNDATION'S CHIEF DEPUTY DIRECTOR AND CHIEF FINANCIAL OFFICER AS NEEDED FOR RESOLUTION. AN ANNUAL ACKNOWLEDGEMENT PROCESS OCCURS WITH ALL BOARD MEMBERS AND STAFF WHEREBY THEY FORMALLY CERTIFY RECEIPT OF ALL GOVERNANCE POLICIES AND AGREEMENT TO COMPLY WITH THEM. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR DETERMINING COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS HAS THE PRIMARY GOVERNING RESPONSIBILITY OF OVERSEEING HUMAN RESOURCE MATTERS AND ALSO WORKS IN CONJUNCTION WITH THE FINANCE COMMITTEE AS IT RELATES TO ANY FINANCIAL IMPACT OF DECISIONS TAKEN. THE EXECUTIVE COMMITTEE EVALUATES THE PERFORMANCE OF THE FOUNDATION'S CHIEF EMPLOYEES AND SETS THEIR COMPENSATION LEVELS BASED ON THE RESULTS OF THIS EVALUATION. THE PRIOR MUSEUM DIRECTOR WAS A STATE EMPLOYEE WHOSE COMPENSATION WAS SUPPLEMENTED BY THE FOUNDATION. THE PRIOR DIRECTOR ALSO HAD A CONSULTING AGREEMENT WITH THE NORTH CAROLINA MUSEUM OF ART FOUNDATION, EIN 23-7071511, UNDER WHICH HE RECEIVED CERTAIN ADDITIONAL COMPENSATION UNDER CONTRACT. THE EXECUTIVE COMMITTEE HAD RESPONSIBILITY FOR EVALUATING THE PRIOR MUSEUM DIRECTOR'S PERFORMANCE UNDER THIS AGREEMENT AND MAKING RECOMMENDATIONS TO THE FULL BOARD WITH RESPECT TO COMPENSATION. TO ENSURE ANY COMPENSATION RECOMMENDATIONS WERE REASONABLE, THE EXECUTIVE COMMITTEE MET AND DISCUSSED THE PERFORMANCE OF BOTH THE PRIOR MUSEUM DIRECTOR AND THE FOUNDATION'S CHIEF DEPUTY DIRECTOR/CHIEF FINANCIAL OFFICER BASED UPON SPECIFIC GOALS AND ACCOMPLISHMENTS OUTLINED FOR THE YEAR. THE COMMITTEE REVIEWED THE LATEST AMERICAN ASSOCIATION OF MUSEUM'S (AAM) ANNUAL SALARY SURVEY AS A BASIS FOR COMPARISON OF COMPENSATION REASONABLENESS. THE AAM SURVEY PROVIDED BENCHMARK DATA OF US MUSEUMS BY GEOGRAPHIC AREA, POPULATION, AND BUDGET SIZE FOR KEY MUSEUM POSITIONS. FINAL RECOMMENDATIONS WERE SUBMITTED TO THE FULL BOARD FOR APPROVAL AND INCLUSION IN THE FOUNDATION'S OPERATING BUDGET. WITH THE RETIREMENT OF THE CHIEF DEPUTY DIRECTOR/CHIEF FINANCIAL OFFICER ON SEPTEMBER 30, 2018 AND THE PRIOR MUSEUM DIRECTOR ON NOVEMBER 1, 2018, THE FOUNDATION'S EXECUTIVE COMMITTEE MADE THE DECISION TO (I) MERGE THE ROLES OF MUSEUM DIRECTOR AND THE FOUNDATION'S NEW CHIEF EMPLOYEE UNDER A SINGLE INDIVIDUAL AND (II) RESTRUCTURE PRIOR EXECUTIVE COMPENSATION AGREEMENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | MAKING INFORMATION AVAILABLE TO THE PUBLIC: THE FOUNDATION'S ARTICLES OF INCORPORATION ARE ON FILE WITH THE NORTH CAROLINA SECRETARY OF STATE AND ARE PUBLICLY AVAILABLE. THE FOUNDATION'S OTHER GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC EXCEPT BY SPECIFIC REQUEST FOR PURPOSES CLEARLY IDENTIFIED AND APPROVED BY THE BOARD. ALL FOUNDATION EMPLOYEES HAVE ACCESS TO THESE DOCUMENTS AS APPROPRIATE ON A SHARED INTRANET DRIVE AND INDEPENDENT CONTRACTORS ARE PROVIDED WITH CERTAIN OF THESE DOCUMENTS AS APPROPRIATE TO THEIR LEGAL RELATIONSHIP WITH THE FOUNDATION (EXAMPLE, CONFLICTS OF INTEREST POLICY AND SEXUAL HARASSMENT POLICY) AS SPECIFICALLY APPROVED BY THE BOARD. THE FOUNDATION OTHERWISE PROVIDES THE DOCUMENTS INCLUDING THE FORM 990 AS REQUIRED FOR TAX EXEMPT ORGANIZATIONS. THE FOUNDATION'S LATEST 990 TAX FILING IS POSTED ON A PUBLIC WEBSITE, GUIDESTAR. |
| FORM 990, PART IX, LINE 11G | OTHER FEES: PROGRAM SERVICE EXPENSES 1,154,306. MANAGEMENT AND GENERAL EXPENSES 253,367. FUNDRAISING EXPENSES 222,897. TOTAL EXPENSES 1,630,570. |
| FORM 990, PART X, LINE 13 | INVESTMENTS - PROGRAM RELATED: DURING 2015, THE FOUNDATION BECAME THE BENEFICIARY OF ARTWORK HAVING AN APPRAISED VALUE OF $1,650,000. THE ARTWORK IS BEING HELD AS AN INVESTMENT AS OF JUNE 30, 2019. |
| FORM 990, PART XI, LINE 9: | REVERSAL OF GRANTS CONSIDERED TO BE CONDITIONAL -1,965,500. REVERSAL OF EVENT/PROGRAM REVENUE, NET OF EXPENSE -279,350. |
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