2020-11-02T16:13:08-06:00 2019-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2019-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037802000 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 PHILIP L MANNO CHIEF FINANCIAL OFFICER 7037802000 2020-11-02 1 FRANK H SMITH P00639053 2022274000 2020-09-28 144.121.95.190 2020-11-02 15:33:35 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 487A913A90A0A966B3CBA68539F8DA44DDDC3DB4 2019 2021-01-29 14:40:06Z GEORGE WASHINGTON'S MOUNT VERNON PHILIP L MANNO 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 85367564 0 X WWW.MOUNTVERNON.ORG X 1853 VA TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON AND EDUCATE VISTORS ABOUT HIS LIFE. 22 22 752 301 2120461 0 26117389 31779228 15687415 15493504 7278122 8203443 10985095 10774615 60068021 66250790 545568 573899 0 0 24484567 24862025 162000 172000 3789535 24491046 25227996 49683181 50835920 10384840 15414870 286036646 329146907 25377420 26599124 260659226 302547783 X THE MISSION OF THE MOUNT VERNON LADIES' ASSOCIATION (THE ASSOCIATION) IS TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THROUGHOUT THE WORLD ABOUT THE LIFE AND LEGACIES OF GEORGE WASHINGTON, SO THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS. 0 0 26710092 573899 23852433 EDUCATION:WE WELCOMED 1,033,000 VISITORS TO THE ESTATE IN 2019, 341,000 OF WHICH WHERE STUDENTS WHO VISITED FROM ALL 50 OF THE UNITED STATES AND AROUND THE WORLD. WE REMAINED THE MOST POPULAR HISTORIC ESTATE IN AMERICA, AND REACHED OVER 8 MILLION MORE INDIVIDUALS THROUGH OUR ONLINE PRESENCE. THIS YEAR MARKED A VERY SPECIAL MILESTONE FOR THE GEORGE WASHINGTON TEACHER INSTITUTE AS IT CELEBRATED 20 YEARS OF RESIDENTIAL TEACHER PROGRAMMING. THE RESIDENTIAL PROGRAMS, OFFER TEACHERS FROM AROUND THE COUNTRY A WEEK-LONG IMMERSIVE EXPERIENCE AT MOUNT VERNON, WHERE THEY INTERACT WITH MOUNT VERNON STAFF TO LEARN NEW WAYS TO TEACH THE FOUNDING ERA AND THE LIFE OF GEORGE WASHINGTON IN THEIR CLASSROOMS. SINCE THE PROGRAM BEGAN, MOUNT VERNON HAS WELCOMED 1,637 TEACHERS FROM EVERY STATE IN THE UNION. TO CELEBRATE THE 20TH ANNIVERSARY OF THE PROGRAM, MOUNT VERNON INVITED THE ALUMNI TO THE ESTATE FOR AN EXTRAORDINARY EXPERIENCE THAT INCLUDED STAFF AND GUEST LECTURES, TOURS, AND A BEHIND-THE-SCENES LOOK AT MOUNT VERNON'S COLLECTIONS. IN ADDITION TO THE CELEBRATION AT MOUNT VERNON, SEVEN REGIONAL REUNIONS WERE HELD ACROSS THE COUNTRY. MOUNT VERNON'S TEACHER OUTREACH EXPANDS WELL BEYOND THE ESTATE. EDUCATORS CAN SIGN UP TO RECEIVE MONTHLY EMAILS OFFERING LESSON PLANS, VIDEOS, DIGITAL INTERACTIVES, AND DIGITALIZED PRIMARY SOURCES TO AID LEARNING IN THEIR CLASSROOM. MOUNT VERNON WELCOMED THE FIFTH CLASS OF MOUNT VERNON LEADERSHIP FELLOWS. DURING THE ANNUAL PROGRAM, THE STUDENTS LEARNED ABOUT THE LIFE AND LEADERSHIP OF GEORGE WASHINGTON; EXPLORED THE INTRICACIES OF THE ESTATE WITH THE STAFF OF COLLECTIONS, HORTICULTURE, ARCHAEOLOGY, INTERPRETATION, AND THE LIBRARY; MET WITH NATIONAL LEADERS; AND COMPLETED CAPSTONE PRESENTATIONS ON THEIR PERSONAL, CIVIC ENGAGEMENT PROJECT. THROUGH THEIR STUDIES AND GUEST LECTURERS, THE STUDENTS GAINED A DEEPER UNDERSTANDING OF STRATEGIC LEADERSHIP, TACTICAL LEADERSHIP AND INSTITUTION BUILDING, STRATEGIC EXECUTION, AND CHARACTER-BASED DECISION MAKING, THE VERY KEY SKILLS THAT MADE GEORGE WASHINGTON A SUCCESSFUL LEADER. THE STUDENTS APPLIED THESE NEW LESSONS TO THEIR CAPSTONE PROJECT AND DISCOVERED HOW THEY CAN BETTER THEIR COMMUNITIES THROUGH THE TEACHINGS OF GEORGE WASHINGTON.THE RESEARCH FELLOWSHIPS PROGRAM, NOW IN ITS 7TH YEAR, OFFERS LONG AND SHORT-TERM FELLOWSHIPS FOR SCHOLARS. THIS PROGRAM PROVIDES FUNDING AND LIVING SPACE AT THE FRED W. SMITH NATIONAL LIBRARY FOR THE STUDY OF GEORGE WASHINGTON. FELLOWS GAIN ACCESS TO THE LIBRARY'S ENTIRE ARCHIVES AND INTERACT WITH MOUNT VERNON STAFF TO ADVANCE THEIR ACADEMIC PURSUITS. THIS YEAR, IN PARTICULAR, A RECORD NUMBER OF BOOKS WERE PUBLISHED BY THOSE WHO HAVE HELD FELLOWSHIPS THROUGH THIS PROGRAM. 16330960 HISTORIC PRESERVATION AND COLLECTIONS:IN 2019, THE MOUNT VERNON LADIES' ASSOCIATION SUCCESSFULLY COMPLETED SEVERAL MAJOR PROJECTS, INCLUDING THE RESTORATION OF THE WEST FRONT OF THE MANSION, THE UNVEILING OF THE NEWLY RESTORED FRONT PARLOR, AND THE CONSTRUCTION OF THE NEW LINDA MARS LIVESTOCK FACILITY. THE GEORGE WASHINGTON TEACHER INSTITUTE CELEBRATED TWENTY YEARS OF RESIDENTIAL TEACHER PROGRAMS, AND WE CONTINUE TO EXPAND OUR OUTREACH TO TEACHERS AND THEIR STUDENTS THROUGH OUR DIGITAL OFFERINGS.THE FRONT PARLOR WAS THE FORMAL ENTERTAINING SPACE FOR THE WASHINGTONS, AND THIS YEAR MARKED THE COMPLETION OF ITS RESTORATION AND RE-OPENING OF THE ROOM TO THE PUBLIC. IT HAD BEEN MORE THAN THIRTY YEARS SINCE THE ROOM UNDERWENT SIGNIFICANT CONSERVATION AND RESTORATION. THIS ROOM IS A DEFINING EXAMPLE OF MOUNT VERNON'S INTERDISCIPLINARY APPROACH TO HISTORICAL RESTORATION. WITH ADVANCEMENTS IN TECHNOLOGY, THE TEAM WAS ABLE TO IDENTIFY A TOTAL OF FIFTEEN PAINT LAYERS, EIGHT MORE THAN IN THE PRIOR EXAMINATION IN 1980, AND THIS ANALYSIS IDENTIFIED THE 1799 PAINT COLOR AS A LIGHT STONE OR CREAM COLOR, A HIGHLY FASHIONABLE TREATMENT AT THE TIME OF THE NEW REPUBLIC, NOT ONLY IN AMERICA BUT IN ENGLAND AS WELL. A LEDGER KEPT BY THE FAIRFAX FAMILY PROVIDED DOCUMENTARY EVIDENCE OF THE ORIGINAL FURNITURE IN THE ROOM IN 1799. THE NEWLY ACQUIRED LEDGER PROVIDED THE CURATORIAL TEAM WITH DETAILED DESCRIPTIONS OF FURNITURE LISTED IN THE INVENTORY TAKEN UPON WASHINGTON'S DEATH. THE ORIGINAL UPHOLSTERY FABRICA HIGHLIGHT OF THE ROOMIS DOCUMENTED AS BEING SILK AND WORSTED WOOL DAMASK DYED "SAXON BLUE," A VIBRANT COLOR THAT CURATORS WORKED WITH TEXTILE SPECIALISTS TO REPLICATE. WHEN THE CARPENTERS CAREFULLY REMOVED SEVERAL MOLDED WOOD PANELS, THEY DISCOVERED EVIDENCE OF EARLIER ARCHITECTURAL FEATURES PREDATING THE CURRENT PANELING (INSTALLED BETWEEN 1757 AND THE EARLY 1760S). FROM APRIL TO OCTOBER OF THIS YEAR, GUESTS APPROACHING THE WEST FRONT OF THE MANSION FROM THE MANSION CIRCLE HAD THE UNIQUE OPPORTUNITY TO SEE BEHIND THE CURTAIN OF ONE OF MOUNT VERNON'S KEY ARCHITECTURAL FEATURES, THE MANSION'S RUSTICATED SIDING, THE MEANS BY WHICH GEORGE WASHINGTON TRICKED THE EYE BY USING PAINT AND SAND OVER WOOD SIDING CUT TO LOOK LIKE MORE EXPENSIVE STONE BLOCKS. DURING THE RESTORATION PROJECT, UP TO 28 MODERN LAYERS OF PAINT AND SAND WERE REMOVED AND CONSERVATION WORK WAS DONE ON THE SIDING, WINDOWS, DOORS, AND SHUTTERS. BY REMOVING THE PREVIOUS LAYERS OF PAINT, IT WAS POSSIBLE TO MAKE REPAIRS TO THE ORIGINAL STRUCTURE AND ADDRESS MOISTURE ISSUES THAT WERE CAUSING DETERIORATION INCLUDING RUSTING NAILS. WE WERE ABLE TO DETERMINE THAT 83% OF THIS SIDE OF THE MANSION EXTERIOR WAS ORIGINAL. THE TEAM SOURCED SAND FROM THE SAME DEPOSIT OF SANDSTONE THAT WASHINGTON USED, AND THE FINISH YOU CAN SEE TODAY WAS APPLIED USING THE VERY SAME METHODS WASHINGTON DESCRIBED TO THORNTON IN OCTOBER 1799: "SANDING, IS DESIGNED TO ANSWER TWO PURPOSESDURABILITY, & REPRESENTATION OF STONE; FOR THE LATTER PURPOSE, AND IN MY OPINION A DESIRABLE ONE; IT IS THE LAST OPERATION, BY DASHING, AS LONG AS ANY WILL STICK, THE SAND UPON A COAT OF THICK PAINT."THE NORTH GARDEN HOUSE IS A SMALL OCTAGONAL STRUCTURE WAS BUILT IN 1785, SOON AFTER THE REVOLUTIONARY WAR ENDED. ITS PRIMARY FUNCTION WAS LIKELY AS STORAGE FOR TOOLS AND SEEDS. FOR A BRIEF TIME, IT ALSO SERVED AS A SCHOOLHOUSE WHERE MARTHA WASHINGTON'S GRANDCHILDREN, NELLY AND WASHY CUSTIS, WERE TUTORED. REMOVAL OF WORN-OUT ROOF SHINGLES REVEALED THAT THE STRUCTURE'S FRAME HAD BEEN DAMAGED BY MOISTURE PENETRATION AND RODENT INFESTATION BUT THAT A SIGNIFICANT AMOUNT OF BOARDS FROM THE 18TH-CENTURY FRAMING SURVIVES. THE PRESERVATION HAS ENTAILED PAINSTAKING REINFORCEMENT OF THE BUILDING'S FRAME AND EXECUTION OF TARGETED REPAIRS AND REPLACEMENTS TO ENSURE CONTINUED STRUCTURAL INTEGRITY. THE INTERIOR PLASTER, WHICH PREDATES THE CIVIL WAR, RECEIVED INITIAL TREATMENT TO STABILIZE IT, TO BE FOLLOWED BY MORE IN-DEPTH CONSERVATION AT A LATER DATE. 43041052 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 214 0 1 752 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NV NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X PHILIP L MANNO 7037802000 PO BOX 110 MOUNT VERNON VA 22121 DOUGLAS BRADBURN PRESIDENT/CEO 40.00 X 323776 0 36964 ROBERT SHENK SVP VISITOR ENGAGEMENT - UNTIL 09/19 40.00 X 279809 0 28479 PHILIP L MANNO CHIEF FINANCIAL OFFICER 40.00 X 238567 0 19975 JOSEPH A BONDI SVP DEVELOPMENT 40.00 X 228103 0 22961 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR 40.00 X 167667 0 19387 KEVIN BUTTERFIELD EXECUTIVE DIR. WASHINGTON LIBRARY 40.00 X 170191 0 14852 BEREND OLTMANS DIRECTOR OF IT 40.00 X 162383 0 13289 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATIONS 40.00 X 147772 0 22477 ROY FREDERICK YOUNG II VP EDUCATION - UNTIL 09/19 40.00 X 145891 0 10282 SARAH MILLER COULSON REGENT 30.00 X X 0 0 0 ANN CADY SCOTT SECRETARY 20.00 X X 0 0 0 MARGARET HARTMAN NICHOLS TREASURER 20.00 X X 0 0 0 MARGARET APPLETON ALLISON VICE REGENT - UNTIL 10/2019 10.00 X 0 0 0 CLAUDIA PUIG AMUNDSEN VICE REGENT - UNTIL 10/2019 10.00 X 0 0 0 MARY LANG BISHOP VICE REGENT 10.00 X 0 0 0 ANN HAUNSCHILD BOOKOUT VICE REGENT 10.00 X 0 0 0 MARIBETH ARMSTRONG BORTHWICK VICE REGENT 10.00 X 0 0 0 JUDITH WILSON GRANT VICE REGENT 10.00 X 0 0 0 ELIZABETH MEDLIN HALE VICE REGENT 10.00 X 0 0 0 LUCIA BOSQUI HENDERSON VICE REGENT 10.00 X 0 0 0 VIRGINIA DAWSON LANE VICE REGENT 10.00 X 0 0 0 HELEN HERBOTH LAUGHERY VICE REGENT 10.00 X 0 0 0 LIZ ROLLINS MAURAN VICE REGENT 10.00 X 0 0 0 CAMERON KOCK MAYER VICE REGENT 10.00 X 0 0 0 CATHERINE HAMILTON MAYTON VICE REGENT 10.00 X 0 0 0 ANNE NEAL PETRI VICE REGENT 10.00 X 0 0 0 ANN SHERRILL PYNE VICE REGENT 10.00 X 0 0 0 SUSAN STEVENS REEDER VICE REGENT 10.00 X 0 0 0 LAURA PEEBLES RUTHERFORD VICE REGENT 10.00 X 0 0 0 ANDREA NOTMAN SAHIN VICE REGENT 10.00 X 0 0 0 JEAN ARMFIELD SHERRILL VICE REGENT 10.00 X 0 0 0 SUSAN MARSHALL TOWNSEND VICE REGENT 10.00 X 0 0 0 CATHERINE MARLETTE WADDELL VICE REGENT 10.00 X 0 0 0 1864159 0 188666 22 0 1 0 FIRELINE CORPORATION 4506 HOLLINS FERRY ROAD BALTIMORE MD 21227 FIRE SUPPRESSION AND SYSTEM MAINTENANCE 1619664 LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL FUNDRAISING SERVICES 1512320 MANA CONSTRUCTION 6401 ROSE HILL DRIVE ALEXANDRIA VA 22310 GENERAL CONSTRUCTION & MAINT. SUPPORT 973010 CONSTRUCTION TRADE SERVICES 603 EAST CHURCH STREET FREDERICK MD 21701 NEW FACILITY CONSTRUCTION SERVICES 671775 FIDELITY MECHANCIAL SERVICES 25 LOVETON CIRCLE SPARKS MD 21152 HVAC REPAIR AND MAINTENANCE 492255 29 1584142 1013330 29181756 7252276 31779228 ADMISSION FEES 900099 12981656 12981656 EVENT REVENUE 900099 2076255 2076255 CONFERENCES & SYMPOSIA 900099 393593 393593 PRESERVATION TOURS 900099 42000 42000 15493504 7049667 7049667 111468 111468 13906739 12752963 1153776 1153776 1153776 242434 1013330 453785 -211351 -211351 16389416 5910026 10479390 8358929 2120461 OTHER INCOME 900099 395108 395108 395108 66250790 23852433 2120461 8498668 341899 341899 232000 232000 1178634 560806 312653 305175 18589179 16041706 1423300 1124173 1326181 1143554 100370 82257 2255013 1904757 196512 153744 1513018 1272339 132210 108469 90561 90561 100491 100491 172000 172000 92705 92705 2468489 1985432 270645 212412 805271 800403 2123 2745 5067220 3706751 532297 828172 293697 20450 273247 6931020 6783148 93609 54263 594583 528284 12342 53957 81011 52358 16333 12320 5391186 4888706 251240 251240 291364 233091 43705 14568 EVENT EXPENSES 1542778 1313228 10750 218800 COLLECTIONS/ACQUISITION 662388 662388 DIRECT MAIL 372390 217679 3926 150785 442842 352073 46314 44455 50835920 43041052 4005333 3789535 X 1572132 918982 17333 635817 4388949 841057 11158756 20441679 17216009 25146262 853485 458263 500000 500000 2827290 2770849 113907 254342 170785538 85056227 86276261 85729311 146615097 182752503 10462436 7008488 5624456 3244153 286036646 329146907 4053962 3966473 328428 265312 15000000 15000000 5995030 7367339 25377420 26599124 X 127276014 137653243 133383212 164894540 260659226 302547783 286036646 329146907 X 15414870 27438919 -965232 X 0 1 X 1 0 X 13952745 16853102 10453714 16117389 31779228 89156178 28181664 29192752 30037912 29205034 28753675 145371037 42134409 46045854 40491626 45322423 60532903 234527215 1005908 5996286 1093223 3509421 16852228 28457066 0 1005908 5996286 1093223 3509421 16852228 28457066 206070149 2255263 3264580 4724950 3769322 7161135 21175250 2255263 3264580 4724950 3769322 7161135 21175250 233817 218649 305618 496565 395108 1649757 44623489 49529083 45522194 49588310 68089146 257352222 0.80070 0.86630 0.08230 0.06970 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 233,817. 2016 AMOUNT: $ 218,649. 2017 AMOUNT: $ 305,618. 2018 AMOUNT: $ 496,565. 2019 AMOUNT: $ 395,108. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 144135983 15161566 31947910 6469761 184775698 157292554 3046820 -10708395 5494996 144135983 136871108 550186 26509563 6638302 157292555 139309486 1046444 9604030 13088852 136871108 146000113 6578079 -4157069 9111637 139309486 0.21350 0.37830 0.40820 1 0 637798 637798 118726558 42115571 76610987 44126860 39978077 4148783 7294322 2962579 4331743 85729311 INTEREST RATE SWAP AGREEMENT 5918420 ANNUITY GIFT LIABILITY 1319359 POOLED INCOME FUND LIABILITY 121747 DUE TO REGION 5 HISTORY FUND 7813 7367339 X 99314325 27438919 318742 -965232 26792429 72521896 92705 -6363811 -6271106 66250790 57425768 318742 318742 57107026 92705 -6363811 -6271106 50835920 PART III, LINE 1A: HISTORICAL PROPERTIES OWNED BY THE ASSOCIATION WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION. THESE HISTORICAL PROPERTIES ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. THE COST OF THE PROPERTIES IS NOT READILY AVAILABLE, AND THE ASSOCIATION IS OF THE OPINION THAT, BECAUSE OF THE INTRINSIC VALUE OF THE PROPERTIES, IT IS IMPRACTICAL TO ASSIGN VALUES TO THE COMPONENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. FINANCIAL STATEMENTS DO NOT REFLECT ANY CONTRIBUTED COLLECTION ITEMS. PART III, LINE 4: THE ASSOCIATION COLLECTS, RESEARCHES, CONSERVES, RESTORES, RECONSTRUCTS, PRESERVES, DOCUMENTS, AND SHARES WITH THE PUBLIC HISTORIC STRUCTURES, ARCHAEOLOGICAL SITES, AND THE CULTURAL LANDSCAPE AS WELL AS TWO AND THREE-DIMENSIONAL OBJECTS IN A VARIETY OF MEDIA. RESPONSIBILITY FOR THE PRESERVATION AND MAINTENANCE OF THE HISTORIC STRUCTURES, CULTURAL RESOURCES AND THE COLLECTIONS FALLS TO THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT AND THE FRED W. SMITH LIBRARY FOR THE STUDY OF GEORGE WASHINGTON AT MOUNT VERNON. THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT IS DIVIDED INTO THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION, THE ARCHAEOLOGICAL COLLECTION, THE ARCHITECTURAL FRAGMENTS COLLECTION, AND PHOTO ARCHIVES. THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION INCLUDES THREE-DIMENSIONAL OBJECTS, TEXTILES, WORKS OF ART ON PAPER, AND PAINTINGS. THE ARCHAEOLOGICAL COLLECTION INCLUDES ARTIFACTS AND THEIR ASSOCIATED DOCUMENTATION DERIVING FROM EXCAVATION PROJECTS, AS WELL AS RANDOM FINDS ORIGINATING ON THE MOUNT VERNON ESTATE. THE ARCHITECTURAL FRAGMENTS COLLECTION INCLUDES FEATURES, BUILDING MATERIALS, AND FINISH TREATMENTS THAT ARE ARCHITECTURAL IN NATURE, AND WHICH HAVE BEEN REMOVED FROM THEIR ORIGINAL CONTEXT DURING THE COURSE OF RESTORATION WORK UNDERTAKEN TO STABILIZE, PROTECT, OR REINTERPRET MOUNT VERNON'S HISTORIC BUILDINGS AND STRUCTURES. PHOTO ARCHIVES CONTAINS MODERN FILM, NEGATIVES, AND DIGITAL IMAGE FILES OF A VARIETY OF MOUNT VERNON RELATED SUBJECTS. SPECIAL COLLECTIONS INCLUDES RARE BOOKS, HISTORIC MANUSCRIPTS, PHOTOGRAPHS, THE ASSOCIATION'S ARCHIVAL MATERIALS, AND PRINTED EPHEMERA. THE LIBRARY COLLECTS PRINTED MATERIAL WITH A PRIMARY EMPHASIS ON GEORGE WASHINGTON, MOUNT VERNON, AND THE MOUNT VERNON LADIES' ASSOCIATION. THE MOST IMPORTANT INITIAL CRITERION WITH WHICH TO EVALUATE A POTENTIAL ACQUISITION IS ITS CONTRIBUTION TO INTERPRETATION, EXHIBITION, AND RESEARCH VALUE AT MOUNT VERNON. THIS INCLUDES THE FOLLOWING ITEMS: OBJECTS ORIGINAL TO MOUNT VERNON OR OWNED BY GEORGE AND MARTHA WASHINGTON; OBJECTS RELATED TO WASHINGTON'S NON-DOMESTIC LIFE, INCLUDING HIS ROLE AS MILITARY LEADER, SURVEYOR, AND PRESIDENT; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON NOT PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; BOOKS AND OTHER PUBLISHED MATERIALS OWNED BY GEORGE OR MARTHA WASHINGTON; OBJECTS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIAL RELATED TO FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; PERIOD OBJECTS THAT REPLICATE OBJECTS THAT WERE AT MOUNT VERNON, FOR THE PURPOSE OF ENHANCING THE INTERPRETATION AND UNDERSTANDING OF THE ESTATE AND THE LIFE AND LEGACY OF GEORGE AND MARTHA WASHINGTON; ARCHIVAL MATERIALS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIALS OF FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; BOOKS OF THE WASHINGTON AND CUSTIS FAMILIES THAT ARE RELATED TO COLLECTIONS OR INTERPRETATION GOALS; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; MAPS, PLANS, SURVEYS, MANUSCRIPTS, RARE BOOKS, PHOTOGRAPHS AND OTHER DOCUMENTS OF HISTORICAL VALUE RELATING TO 17TH, 18TH 19TH AND 20TH CENTURY LIFE AT MOUNT VERNON AND THE WASHINGTON FAMILY. PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF 73 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE BOARD APPROVES SPENDING ON PROGRAM RESTRICTED ENDOWMENTS AS PART OF ITS ANNUAL BUDGET APPROVAL PROCESS. IN ADDITION, THE BOARD ALSO APPROVES, AS PART OF ITS ANNUAL BUDGETARY APPROVAL PROCESS, THE TRANSFER AND EXPENDITURE OF ADDITIONAL BOARD-DESIGNATED FUNDS FOR CAPITAL IMPROVEMENTS, COLLECTION ACQUISITIONS OR SPECIAL PROJECTS. TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE USED FOR THE OPERATIONS OF THE ORIENTATION CENTER, EDUCATION CENTER, AND NATIONAL LIBRARY. PART X, LINE 2: THE ASSOCIATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -1,311,905. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 346,673. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -453,785. COST OF GOODS SOLD -5,910,026. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -453,785. COST OF GOOD SOLD -5,910,026. X X X X X X 1 THE LUKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL 0 2635371 172000 2463371 2635371 172000 2463371 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SPIRIT OF MOUNT VERNON 662954 556729 106225 38753 131950 23814 11729 FOUNDERS 164354 142754 21600 17535 1750 4464 5 428456 313847 114609 23419 134928 46968 18475 1255764 1013330 242434 62172 284413 72532 34668 453785 -211351 SCHEDULE G, PART I, LINE 2B, COLUMN (V) DURING THE YEAR ENDED DECEMBER 31, 2019, THE LUKENS COMPANY WAS PAID A TOTAL OF $1,512,320. OF THIS AMOUNT, $172,000 WAS RELATED TO DIRECT FUNDRAISING AND THE REST WAS FOR REIMBURSEMENT OF PRINTING, POSTAGE, AND OTHER FUNDRAISING MATERIALS. 1 UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 229044195 546001796 501(C)(3) 282599 PAPERS OF GEORGE WASHINGTON JOHNS HOPKINS UNIVERSITY 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 520595110 501(C)(3) 16000 GRADUATE FELLOWSHIP ACCOKEEK FOUNDATION 3910 KESWICK ROAD SUITE N4327B BALTIMORE MD 21211 526037288 501(C)(3) 15000 PROTECTION OF VIEWSHED THE GILDER LERHMAN INSTITUTE OF AMERICAN HISTORY 49 WEST 45TH STREET 2ND FLOOR NEW YORK NY 10036 133795391 501(C)(3) 10000 GEORGE WASHINGTON PRIZE THE MOYAONE ASSOCIATION PO BOX 113 ACCOKEEK MD 20607 520677466 501(C)(4) 9000 GRANT 4 1 STIPENDS & AWARDS 64 232000 PART I, LINE 2: THE ASSOCIATION PERIODICALLY AWARDS GRANTS TO ORGANIZATIONS WITH WHICH WE PARTNER ON PROJECTS THAT FURTHER OUR MISSION. GRANTS ARE APPROVED AND DOCUMENTED WITH FORMAL GRANT AGREEMENTS, AND FUNDS ARE DISBURSED ACCORDING TO THE SUBSTANTIATION PROVISIONS OF EACH GRANT AGREEMENT. THE ASSOCIATION REQUIRES GRANT REPORTS AT THE END OF EACH GRANT TERM AND/OR MONITORS PROGRESS TOWARDS GRANT ACCOMPLISHMENTS THROUGH OUR DAY-TO-DAY INVOLVEMENT WITH A PARTNER. X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 DOUGLAS BRADBURN PRESIDENT/CEO 323776 0 0 0 0 0 22985 0 13979 0 360740 0 0 0 ROBERT SHENK SVP VISITOR ENGAGEMENT - UNTIL 09/19 179809 0 0 0 100000 0 18400 0 10079 0 308288 0 0 0 PHILIP L MANNO CHIEF FINANCIAL OFFICER 238567 0 0 0 0 0 18594 0 1381 0 258542 0 0 0 JOSEPH A BONDI SVP DEVELOPMENT 228103 0 0 0 0 0 14725 0 8236 0 251064 0 0 0 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR 167667 0 0 0 0 0 9485 0 9902 0 187054 0 0 0 KEVIN BUTTERFIELD EXECUTIVE DIR. WASHINGTON LIBRARY 170191 0 0 0 0 0 3082 0 11770 0 185043 0 0 0 BEREND OLTMANS DIRECTOR OF IT 162383 0 0 0 0 0 12802 0 487 0 175672 0 0 0 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATIONS 147772 0 0 0 0 0 12290 0 10187 0 170249 0 0 0 ROY FREDERICK YOUNG II VP EDUCATION - UNTIL 09/19 105891 0 0 0 40000 0 6460 0 3822 0 156173 0 0 0 PART I, LINE 1A THE PRESIDENT/CEO OF THE ASSOCIATION IS REQUIRED TO LIVE ON THE PREMISES AND IS PROVIDED WITH HOUSING, AND PERSONAL SERVICES FOR THE CARE OF THE PROPERTY. AS SUCH, THESE ARE NON-TAXABLE ALLOWANCES. SOCIAL CLUB DUES WERE REIMBURSED AND RECORDED AS TAXABLE ON THE FORM W-2. PART I, LINE 4A DURING THE YEAR ENDED DECEMBER 31, 2019, ROBERT SHENK, SVP VISITOR ENGAGEMENT, AND ROY FREDERICK YOUNG II, VP EDUCATION, RECEIVED A SEVERANCE PAYMENT OF $100,000 AND $40,000 RESPECTIVELY. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 30382EDU5 2007-06-20 15000000 REFINANCE EXISTING BONDS 0 0 0 A 15000000 128967 14871033 2009 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 SUNTRUST 30.000000000000 0 0 0 0 0 0 1 A 0 X 86 7084257 FMV X EQUIPMENT 1 60138 FMV X SUPPLIES 18 54953 FMV X MISCELLANEOUS 6 52928 FMV 0 1 0 PART I, COLUMN (B): PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION'S PROCESS FOR PREPARING AND REVIEWING THE FEDERAL FORM 990, CONTAINS FOUR LEVELS OF REVIEW: 1) A DRAFT OF THE FEDERAL FORM 990 IS PREPARED BY THE ASSOCIATION'S TAX ADVISORS, MARCUM LLP, BASED ON FINANCIAL INFORMATION IN THE CERTIFIED AUDIT, ORGANIZATIONAL INFORMATION DOCUMENTED FROM THE AUDIT, PREPARATION OF INFORMATION SCHEDULES BY THE FINANCE DEPARTMENT AND ANSWERS TO CHECKLIST QUESTIONS; 2) THE DRAFT OF FEDERAL FORM 990 IS REVIEWED BY THE ASSOCIATION'S MANAGEMENT (PRESIDENT/CEO, CHIEF FINANCIAL OFFICER AND CONTROLLER) FOR ACCURACY AND COMPLETENESS; 3) THE AUDIT COMMITTEE REVIEWS THE FINAL DRAFT WITH THE INDEPENDENT AUDITOR; AND 4) THE FINAL DRAFT IS THEN PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY REQUIRES THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM BY ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE FORM WAS PREPARED BY OUTSIDE COUNSEL AND ASKS FOR DOCUMENTATION OF POTENTIAL CONFLICTS OF INTEREST IN THE FOLLOWING AREAS: FINANCIAL INTERESTS, GIFTS OR ENTERTAINMENT THAT MIGHT INFLUENCE DECISION MAKING, AND ANY OTHER ACTIVITIES. THE FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ARE DISCUSSED WITH THE OUTSIDE COUNSEL AND THE EXECUTIVE COMMITTEE OF THE BOARD, IF APPROPRIATE. THE PRESIDENT/CEO REVIEWS THE COMPLETED FORM OF THE CHIEF FINANCIAL OFFICER, AND TAKES ANY APPROPRIATE ACTION. IF A CONFLICT IS IDENTIFIED ON THE QUESTIONNAIRE, THE CONFLICT IS SENT TO THE EXECUTIVE COMMITTEE AND IS RESOLVED APPROPRIATELY BASED ON THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 ON A PERIODIC BASIS, THE ASSOCIATION WORKS WITH A COMPENSATION CONSULTANT TO PERFORM COMPARATIVE MARKET STUDIES ON OVER 50 FULL-TIME POSITIONS. THIS STUDY INCLUDED ALL EXECUTIVE AND MANAGEMENT POSITIONS AND A NUMBER OF FRONT LINE STAFF POSITIONS. COMPENSATION IS BENCHMARKED AGAINST OUR PEER GROUP (MUSEUMS AND HISTORICAL SITES), SIMILAR POSITIONS IN THE WASHINGTON DC METRO AREA AND THE NOT-FOR-PROFIT INDUSTRY AT-LARGE. MARKET ADJUSTMENTS ARE MADE AND SALARY GRADES ADJUSTED BASED ON THESE STUDIES. IN ADDITION, PRESIDENT/CEO COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE BOARD. IN 2017 THE BOARD HIRED AN INDEPENDENT EXECUTIVE SEARCH FIRM THAT SPECIALIZED IN NON-PROFIT CEO COMPENSATION TO ANALYZE OUR PRESIDENT/CEO COMPENSATION STRUCTURE TO ENSURE IT IS CONSISTENT WITH CURRENT MARKET AND INDUSTRY RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC THROUGH THE STATE OF VIRGINIA STATE CORPORATION COMMISSION. THE BYLAWS AND THE CONFLICTS OF INTEREST POLICY, WHICH REQUIRES ANNUAL DISCLOSURE OF CONFLICTING INTERESTS BY BOARD OF DIRECTORS AND OFFICERS, ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED ON THE ASSOCIATION'S WEBSITE AND ARE AVAILABLE IN HARD COPY UPON SPECIFIC REQUEST. IN ADDITION, SUMMARIZED FINANCIAL INFORMATION IS DISCLOSED IN THE ASSOCIATION'S ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -1,311,905. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 346,673.