2020-02-26T14:45:52-06:00 2019-06-30 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2018-07-01 581484027 LORRAINE CIVIL RIGHTS MUSEUM FOUNDATION LORR 9015219699 450 MULBERRY STREET MEMPHIS TN 381034214 TSITSI JONES CFO 9015219699 2020-02-21 1 AMY M DOOLIN P01297217 9017613000 2020-02-21 4.16.119.113 2020-02-21 08:54:57 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 24B6B5FD99F8E5425F63CC9FF33883586CC1C14C 2018 2020-09-23 17:36:50Z NATIONAL CIVIL RIGHTS MUSEUM TSITSI JONES 450 MULBERRY STREET MEMPHIS TN 381034214 15794399 0 X HTTP://CIVILRIGHTSMUSEUM.ORG X 1983 TN THE NATIONAL CIVIL RIGHTS MUSEUM (NCRM), LOCATED AT THE HISTORIC LORRAINE MOTEL, HONORS AND PRESERVES THE LEGACY OF DR. MARTIN LUTHER KING. WE CHRONICLE THE AMERICAN CIVIL RIGHTS MOVEMENT AND TELL THE STORY OF THE ONGOING STRUGGLE FOR HUMAN RIGHTS. WE EDUCATE AND SERVE AS A CATALYST TO INSPIRE ACTION TO CREATE POSITIVE SOCIAL CHANGE. 28 28 63 788 0 0 1670811 2385966 6864705 5626058 287819 554388 1443887 1217644 10267222 9784056 0 0 0 0 3132166 3688610 0 0 614010 7520425 6868950 10652591 10557560 -385369 -773504 33363003 32927846 401658 470772 32961345 32457074 X THE NATIONAL CIVIL RIGHTS MUSEUM (NCRM), LOCATED AT THE HISTORIC LORRAINE MOTEL, HONORS AND PRESERVES THE LEGACY OF DR. MARTIN LUTHER KING. WE CHRONICLE THE AMERICAN CIVIL RIGHTS MOVEMENT AND TELL THE STORY OF THE ONGOING STRUGGLE FOR HUMAN RIGHTS. WE EDUCATE AND SERVE AS A CATALYST TO INSPIRE ACTION TO CREATE POSITIVE SOCIAL CHANGE. 0 0 7899413 6912457 FY2019 IN MAY 2019, THE BOARD OF DIRECTORS APPROVED THE STRATEGIC DIRECTION FOR THE NEXT THREE YEARS AFTER A NINE (9) MONTH STRATEGIC PLANNING PROCESS THAT INCLUDED THE BOARD, STAFF, AND STAKEHOLDERS. AS A RESULT, A VISION THAT IS MORE DIRECTLY ASSOCIATED WITH THE MUSEUM AND A MISSION STATEMENT THAT IS ACHIEVABLE, ASPIRATIONAL AND INCLUDES A "CALL TO ACTION" WERE ADOPTED. VISION: WE ENVISION A SOCIETY WHERE HUMAN RIGHTS, RACIAL AND ECONOMIC JUSTICE ARE EXTENDED TO ALL. MISSION: THE NATIONAL CIVIL RIGHTS MUSEUM (NCRM), LOCATED AT THE HISTORIC LORRAINE MOTEL, HONORS AND PRESERVES THE LEGACY OF DR. MARTIN LUTHER KING. WE CHRONICLE THE AMERICAN CIVIL RIGHTS MOVEMENT AND TELL THE STORY OF THE ONGOING STRUGGLE FOR HUMAN RIGHTS. WE EDUCATE AND SERVE AS A CATALYST TO INSPIRE ACTION TO CREATE POSITIVE SOCIAL CHANGE.POST FY2018 MLK50 CONTINUED IN THE FORM OF: THE SPECIAL EXHIBIT CURATED BY MUSEUM STAFF MLK50: A LEGACY REMEMBERED WAS ON DISPLAY APRIL 2, 2018-DEC. 31, 2018, AND TWO PUBLICATIONS WERE RELEASED "HOW FAR HAVE WE COME? DR. KING'S LEGACY IN THE 21ST CENTURY", A COMPENDIUM OF THE APRIL 3, 2018 MLK50 SYMPOSIUM AND ARTICLES BY SCHOLARS & THOUGHT LEADERS AND "POVERTY REPORT II", TWO-PART REPORT EXAMINES THE ISSUE OF POVERTY, THAT WAS OF CRITICAL IMPORTANCE TO DR. KING IN 1968, AND REMAINS AN ISSUE TODAY; THE SECOND PART REVIEWS HOW COMMUNITIES LIKE MEMPHIS CAN THINK ABOUT FUTURE GROWTH AND DEVELOPMENT TO DECREASE POVERTY AND INCREASE INCLUSIVE DEVELOPMENT PRACTICES.THE FOUNDATION OF NCRM IS THE STORY OF THE AMERICAN CIVIL RIGHTS FROM 1619 TO THE PRESENT DAY. AS EXPECTED, THE 50TH COMMEMORATION OF DR. KING'S MURDER GENERATED EXPANDED INTEREST IN VISITING THE NCRM, THE HISTORIC SITE. FY2018 MUSEUM ATTENDANCE PEAKED AT 355,362, AN ALL-TIME HIGH, PLUS 26,854 PROGRAM PARTICIPANTS. FY2019 ATTENDANCE DIPPED SLIGHTLY 5% TO 339,288 WITH 17,734 PROGRAM PARTICIPANTS BUT REMAINED 9% ABOVE FY2017 ATTENDANCE OF 310,723; 21,881 PROGRAM PARTICIPANTS (WHICH INCLUDED A PORTION OF THE YEARLONG MLK50 PROGRAMMING). NATIONAL & GLOBAL MUSEUM VISITORS CAME INDIVIDUALLY, OR IN ORGANIZED GROUPS (ADULTS, FAMILY REUNIONS, SCHOOL CLASSROOMS, CORPORATE, ORGANIZATION). OF THE FY2019 VISITORS ABOUT 90,000 WERE SCHOOL AGED, INCLUDING SOME TITLE I SCHOOL FREE FIELD TRIPS.THE NCRM IS KNOWN AS "A NEW PUBLIC SQUARE." IT IS A GATHERING PLACE OR END-PLACE FOR MARCHES, AND NCRM FREE PROGRAMS ON CURRENT DAY ISSUES. ADULTS: BOOK & AUTHOR TALKS, DOCUMENTARY SCREENINGS, CATALYSTS FOR CHANGE SPEAKER SERIES, PANEL DISCUSSIONS, INDIVIDUAL COHORT-BASED (30-40 PEOPLE FOR 7 MONTHS) "UNPACKING RACISM FOR ACTION". YOUTH/STUDENT/ FAMILIES: IN-SCHOOL PROGRAMS, SMALL BUT MIGHTY READING CIRCLE, FREE RUBY BRIDGES READING FESTIVAL & BOOK GIVEAWAY FOR PRE-K THROUGH ELEMENTARY SCHOOL STUDENTS (1600 ATTEND TO SEE AUTHORS, LITERACY RESOURCES, READERS), HOSTED BY CIVIL RIGHTS ICON RUBY BRIDGES-HALL WITH THE NATIONAL CIVIL RIGHTS MUSEUM. KING DAY NATIONAL HOLIDAY FREE OUTDOOR PROGRAMMING, AND FREE MUSEUM ADMISSION WITH CANNED GOODS FOR DONATION TO THE MID-SOUTH FOOD BANK, FOUR FREE ADMISSIONS WITH DONATION OF ONE UNIT OF BLOOD. OVER 400 COMMUNITY VOLUNTEERS SUPPORT THIS DAY OF GIVING BACK TO THE COMMUNITY WHEN 5,000-8,000 COME TO OUR CAMPUS.THE 27TH ANNUAL FREEDOM AWARD WITH MORNING STUDENT FORUM FOR 2,500 (NO CHARGE + BUS TRANSPORTATION), AND EVENING GALA & CEREMONY WITH SOME 1,600 GUESTS WHO HONORED IN OCT. 2018 THE CONTEMPORARY CIVIL RIGHTS HEROES: REV. JESSE JACKSON, SR., VICE PRESIDENT JOE BIDEN, AND J.R. "PITT" HYDE. AND, NIGHT AT THE LORRAINE HELD AT ON THE MUSEUM CAMPUS BOTH INSIDE AND OUTSIDE ATTRACTS OVER 1,000 PATRONS, PRIMARILY MILLENNIALS AND GEN-X. ALIGNED NONPROFIT GROUPS USE THE FACILITY FREE OF CHARGE FOR MEETINGS. OTHER INDIVIDUALS AND GROUPS RENT THE FACILITY. FUTURE SUSTAINABILITY OF THE MUSEUM WITH ITS THREE BUILDINGS ON ITS 4.5 ACRE CAMPUS IS PROTECTED BY THE GROWING ENDOWMENT FUND, ORIGINALLY SEEDED IN 2015 BY A SUCCESSFUL CHALLENGE GRANT FROM THE NATIONAL ENDOWMENT FOR THE HUMANITIES AND FURTHER EXPANDED BY NEW INSTITUTIONAL EFFORTS.ACHIEVEMENTS INCLUDE: JUNE 2019, THE INSTITUTE FOR MUSEUMS AND LIBRARY SERVICES NAMED NCRM ONE OF TEN ACROSS THE U.S. WITH ITS HIGHEST AND MOST DISTINGUISHED AWARD - NATIONAL MEDAL OF HONOR. AFFILIATE OF THE SMITHSONIAN INSTITUTION (2016), AMERICAN ALLIANCE OF MUSEUMS ACCREDITATION PLACES THE NCRM AMONG THE TOP 5% OF MUSEUMS IN THE U.S. (2011), INTERNATIONAL COALITION OF SITES OF CONSCIENCE (2009), AFRICAN AMERICAN ASSOCIATION OF MUSEUMS. ACCOLADES: AN INTERNATIONALLY ACCLAIMED CULTURAL INSTITUTION, THE MUSEUM WAS RECOGNIZED AS USA TODAY'S TOP 10 BEST AMERICAN ICONIC ATTRACTIONS; NO. 11TH BEST MUSEUM IN THE U.S. BY TRIPADVISOR (2018); TOP 10 BEST HISTORICAL SPOTS IN THE U.S. BY TLC'S FAMILY TRAVEL; MUST SEE BY THE AGE OF 15 BY BUDGET TRAVEL AND KIDS; TOP 10, AMERICAN TREASURES BY USA TODAY AND BEST MEMPHIS ATTRACTION BY THE COMMERCIAL APPEAL. 7899413 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 239 0 1 63 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT FL GA IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X TEE JONES 9015219699 450 MULBERRY STREET MEMPHIS TN 381034214 ESMOND L ARRINDELL BOARD MEMBER 0.25 X 0 0 0 NELDA BURROUGHS BOARD MEMBER 1.00 X 0 0 0 DARRELL COBBINS BOARD MEMBER 0.25 X 0 0 0 GREGORY DUCKETT EXECUTIVE COMMITTEE 2.00 X 0 0 0 DON CLANTON BOARD MEMBER 2.00 X 0 0 0 NNAEMEKA EGWUEKWE BOARD MEMBER 1.00 X 0 0 0 ROSE J FLENORL SECRETARY 2.00 X 0 0 0 PRESTON FRAZER BOARD MEMBER 2.00 X 0 0 0 KATHY GIBSON BOARD MEMBER 2.00 X 0 0 0 RABBI MICAH GREENSTEIN BOARD MEMBER 0.50 X 0 0 0 HERBERT H HILLIARD CHAIRMAN, BOD 5.00 X 0 0 0 JOSEPH R HYDE III CHAIRMAN, EXECUTIVE COMMIT 2.00 X 0 0 0 SHAILA KARKERA BOARD MEMBER 0.50 X 0 0 0 LISA KRUPICKA EXECUTIVE COMMITTEE 5.00 X 0 0 0 CONNIE L LENSING BOARD MEMBER 2.00 X 0 0 0 JOHNNY MOORE EXECUTIVE COMMITTEE 2.00 X 0 0 0 WILLIAM E ORGEL ASSISTANT TREASURER 1.50 X 0 0 0 ELLIOT PERRY BOARD MEMBER 0.25 X 0 0 0 WILLIAM C RHODES TREASURER 2.00 X 0 0 0 CATHY D ROSS BOARD MEMBER 0.50 X 0 0 0 BATHSHEBA T SAMS BOARD MEMBER 1.50 X 0 0 0 DORSEY HOPSON BOARD MEMBER 0.25 X 0 0 0 MAURICE WEXLER BOARD MEMBER 2.00 X 0 0 0 RUSS WIGGINTON BOARD MEMBER 0.25 X 0 0 0 SPENCE L WILSON JR BOARD MEMBER 1.00 X 0 0 0 MICHAEL UGWUEKE BOARD MEMBER 1.00 X 0 0 0 PAMELA ALEXANDER BOARD MEMBER 2.00 X 0 0 0 MARC LITTLEJOHN BOARD MEMBER 0.25 X 0 0 0 TERRI LEE FREEMAN PRESIDENT 45.00 X 289940 0 25427 TSITSI JONES CHIEF FINANCIAL OFFICER 45.00 X 129292 0 3975 BEVERLY SAKAUYE CHIEF DEVELOPMENT OFFICER 45.00 X 119493 0 3640 FAITH MORRIS CHIEF MARKETING AND EXTERN 45.00 X 110377 0 9725 649102 0 42767 4 0 1 0 TOP NOTCH SECURITY INC 3121 DIRECTORS ROW STE 101 MEMPHIS TN 38131 SECURITY SERVICES 320093 PRO TECH SYSTEMS GROUP 3350 PLAYERS CLUB PARKWAY STE 120 MEMPHIS TN 38125 IT SERVICES 140915 LEVERAGED LEADERSHIP GROUP LLC 3306 SHORTRIDGE LANE MITCHELLVILLE MD 20721 EVENT MANAGEMENT 132787 NOLAN'S 6225 SHELBY OAKS DRIVE MEMPHIS TN 381347400 AUDIO/VISUAL SERVICES 120334 STRATEGIC CLEANING SERVICES 7320 PATSY CIRCLE NORTH MEMPHIS TN 38125 CLEANING SERVICES 106635 7 266 73787 137906 361812 1812195 36100 2385966 ADMISSION FEES 900099 4163317 4163317 FREEDOM AWARDS 900099 1035138 1035138 EDUCATIONAL PROGRAMMING 900099 309204 309204 SPECIAL EVENTS 900099 118399 118399 5626058 295103 295103 193825 4974 188851 188851 188851 5274900 5015615 259285 259285 259285 51698 137906 120124 -68426 -68426 1966377 869630 1096747 1096747 MISCELLANEOUS 900099 472 472 472 9784056 6912128 0 485962 441844 441844 2714639 1833713 592115 288811 329138 217886 89976 21276 202989 119477 65454 18058 13278 1292 11986 29296 17578 5859 5859 64783 64783 382411 252265 118696 11450 309404 184951 77007 47446 265027 142042 87017 35968 255795 147036 81353 27406 1139319 1065793 73526 179711 123866 39649 16196 13084 8255 3165 1664 3053125 2686750 274781 91594 EXHIBIT/EDUCATIONAL EXP 481390 481390 FREEDOM AWARDS/SPECIAL 417931 417931 EQUIPMENT RENTAL & MAIN 195467 166008 2433 27026 STAFF DEV. & EMPLOYEE R 68929 34472 25187 9270 10557560 7899413 2044137 614010 1940878 1943143 1066823 726058 66299 101074 215902 255179 67494 68714 35877464 19362767 19490209 16514697 10515398 13318981 33363003 32927846 331658 393772 70000 77000 401658 470772 X 28574063 27478358 1263104 4978716 3124178 0 32961345 32457074 33363003 32927846 X -773504 269234 -1 X X 0 1 X 1 1 1 X 5867083 3841442 1375243 1670811 2385966 15140545 60398 54967 49117 42826 36100 243408 5927481 3896409 1424360 1713637 2422066 15383953 3902023 11481930 50285 76515 153680 202202 295103 777785 -46424 -31934 -69608 -41613 -68426 -258005 15903733 32342752 0.72200 0.57120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 8885737 1942301 760235 60380 11527893 7493974 781845 655827 45909 8885737 5002270 1810063 714296 32655 7493974 2233938 2687156 90904 9728 5002270 1772404 406862 65411 10739 2233938 0.64200 0.35800 0 0 514503 514503 12148163 6194143 5954020 22107000 12692958 9414042 1107798 475666 632132 16514697 X 10113605 269234 125098 394332 9719273 64782 64782 9784055 10617876 125098 125098 10492778 64782 64782 10557560 PART III, LINE 1A: THE MUSEUM HAS COLLECTIONS COMPRISED OF OBJECTS, DOCUMENTS, TEXTILES, PHOTOGRAPHS, AND ARTWORK WHICH ILLUSTRATE AND HIGHLIGHT THE KEY EPISODES OF THE MOVEMENT AND ITS LEGACY TO INSPIRE PARTICIPATION IN CIVIL AND HUMAN RIGHTS EFFORTS ON A GLOBAL LEVEL. AT ITS FOUNDING IN 1991, THE MUSEUM WAS NOT A COLLECTING INSTITUTION BUT SINCE THEN, THROUGH A STEADY PROCESS OF ACQUIRING GIFTS, BEQUESTS, AND PURCHASES, THE MUSEUM'S COLLECTION NOW HAS APPROXIMATELY 2,000 ITEMS. WHILE THE PRIMARY SCOPE OF THE COLLECTION IS FOCUSED ON THE CIVIL RIGHTS STRUGGLE DURING THE 1950S AND 1960S, THE ARTIFACTS, ORAL HISTORIES, FILMS, AND INTERACTIVE MEDIA, GUIDE VISITORS THROUGH FIVE CENTURIES OF AMERICAN HISTORY SPANNING FROM SLAVERY THROUGH THE PASSING OF THE 1964 CIVIL RIGHTS ACT. THE PERMANENT COLLECTION ALSO COMPRISES OF THE COURT DOCUMENTS IN THE CRIMINAL CASE AGAINST JAMES EARL RAY, THE ALLEGED ASSASSIN OF DR. KING. IN ADDITION THE MUSEUM HAS AN EDUCATION COLLECTION AND AN INSTITUTIONAL HISTORY COLLECTION. THE EDUCATION COLLECTION CONTAINS ARTIFACTS USED AS TEACHING TOOLS FOR HANDS-ON LEARNING IN PROGRAMS AND WORKSHOPS. 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 A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES. PROCEEDS FROM INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. DURING THE YEAR ENDED JUNE 30, 2017, A COLLECTION OF PHOTOGRAPHS DEPICTING THE MOVEMENT WITH A FAIR VALUE OF $1,900,000 WAS DONATED TO THE FOUNDATION. THE CONTRIBUTION OF THE PHOTOGRAPHS IS NOT REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE FOUNDATION DOES NOT CAPITALIZE COLLECTIONS. PART V, LINE 4: THE ENDOWMENT FUND IS SET UP TO MANAGE ENDOWMENT GIFTS AND TO DISTRIBUTE THE INCOME TO THE MUSEUM FOR GENERAL OPERATIONS AND PROGRAMS TO PROMOTE THE MISSION OF THE MUSEUM. THE BOARD OF DIRECTORS AND STAFF ADOPTED A SPENDING POLICY EFFECTIVE 7/1/2016 WITH RESPECT TO THE APPROPRIATION OF THE RETURNS FROM THESE ASSETS FOR EXPENDITURE. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. ACCORDINGLY, THE INDIVIDUAL DONORS ARE ENTITLED TO THE MAXIMUM CHARITABLE DEDUCTION UNDER SECTION 170(C) OF THE CODE. AS A TAX-EXEMPT ORGANIZATION, THE FOUNDATION IS REQUIRED TO OPERATE UNDER THE PROVISIONS OF THE CODE IN ORDER TO MAINTAIN SUCH TAX-EXEMPT STATUS. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION FOLLOWS THE GUIDANCE CONTAINED IN ASC TOPIC 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC TOPIC 740-10-25 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. BASED UPON ITS EVALUATION, THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,974. FUNDRAISING EVENT EXPENSE 120,124. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 4,974. FUNDRAISING EVENT EXPENSES 120,124. ROUNDING NIGHT AT THE LORRAINE 189604 137906 51698 120124 189604 137906 51698 120124 120124 -68426 1 X 0 0 0 0 0 0 0 0 0 TERRI LEE FREEMAN PRESIDENT 289940 0 0 0 0 0 7371 0 18056 0 315367 0 0 0 ROSE FLENORL BOARD MEMBER MS. FLENORL SERVES ON THE BOARD OF DIRECTORS AND IS ALSO AN EMPLOYEE WITH FEDEX. THE NATIONAL CIVIL RIGHTS MUSEUM USED FEDEX FOR SOME OF ITS SHIPPING. 0 LISA KRUPICKA BOARD MEMBER MS. KRUPICKA SERVES ON THE BOARD OF DIRECTORS AND IS ALSO EMPLOYED BY BURCH PORTER AND JOHNSON, WHICH DOES LEGAL WORK FOR THE NATIONAL CIVIL RIGHTS MUSEUM. 0 CONNIE LEWIS LENSING BOARD MEMBER MS LENSING SERVES ON THE BOARD OF DIRECTORS AND IS ALSO AN EMPLOYEE WITH FEDEX. THE NATIONAL CIVIL RIGHTS MUSEUM USED FEDEX FOR SOME OF ITS SHIPPING. 0 JOHNNY MOORE BOARD MEMBER MR MOORE SERVES ON THE BOARD OF DIRECTORS AND IS ALSO EMPLOYED BY SUNTRUST BANK WHICH DOES BUSINESS WITH THE NATIONAL CIVIL RIGHTS MUSEUM. 0 X 1 36100 OPINION OF EXPERTS 0 1 0 FORM 990, PAGE 1, PART I, LINE 19 THE NET LOSS IS DUE TO $2,976,751 OF DEPRECIATION EXPENSE FROM THE RENOVATION OF THE LORRAINE. THE RENOVATION IS BEING DEPRECIATED OVER 11 YEARS, WHICH IS THE REMAINING TERM OF THE LEASE WITH THE STATE OF TENNESSEE FORM 990, PART VI, SECTION A, LINE 2 JOSEPH HYDE AND BILL RHODES HAVE A BUSINESS RELATIONSHIP. BILL RHODES AND PRESTON FRAZER HAVE A BUSINESS RELATIONSHIP. CONNIE LEWIS LENSING AND ROSE FLENORL HAVE A BUSINESS RELATIONSHIP. BILL RHODES AND JOHNNY MOORE HAVE A BUSINESS RELATIONSHIP. BILLY ORGEL AND JOHNNY MOORE HAVE A BUSINESS RELATIONSHIP. BILLY ORGEL AND RABBI MICAH GREENSTEIN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. THE ORGANIZATION'S CFO AND TREASURER ARE ALSO PROVIDED A COPY OF THE RETURN FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C IF A CONFLICT OF INTEREST ARISES, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WOULD BE MADE AWARE OF THE SITUATION AND THEY WOULD VOTE ON A RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS PERIODICALLY PERFORMED BY THE TREASURER BY CONDUCTING A MARKET STUDY OF COMPARABLE SALARIES AND UTILIZATION OF INDUSTRY SURVEYS. THE TREASURER PRESENTS THE FINDINGS TO THE EXECUTIVE COMMITTEE FOR DELIBERATION AND VOTE. IN ADDITION, ANNUALLY, THE TREASURER OR BOARD CHAIRMAN EVALUATES THE PERFORMATNCE OF THE PRESIDENT WITH INPUT FROM THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE VOTES ON THE AMOUNT OF MERIT INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -1. FORM 990, PART XI, LINE 2C, THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT.