2020-06-17T09:23:38-05:00 2019-12-31 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2019-01-01 203398254 INTERNATIONAL AFRICAN AMERICAN MUSEUM INTE 8438725352 10 WHARFSIDE ST CHARLESTON SC 29401 WILBUR JOHNSON ESQUIRE CHAIRMAN 8438725352 2020-06-17 1 ZOE DAVIS P01057590 8438813315 2020-06-11 67.223.0.103 2020-06-17 10:19:20 ED P 00AFA897C027AAA69AAFA4DB5587DB79D2CF227C 00AFA897C027AAA69AAFA4DB5587DB79D2CF227C 2019 2020-09-23 17:36:50Z WILBUR JOHNSON ESQUIRE 25 CALHOUN STREET CHARLESTON SC 29401 18695151 0 X WWW.IAAMUSEUM.ORG X 2007 SC LOCATED ON ONE OF THE MOST IMPORTANT SITES IN AMERICAN HISTORY, THE PORT OF ARRIVAL FOR NEARLY HALF OF ALL AFRICANS FORCED TO NORTH AMERICA, THE INTERNATIONAL AFRICAN AMERICAN MUSEUM (IAAM) IN CHARLESTON WILL ILLUMINATE THE INFLUENTIAL HISTORIES OF AFRICANS AND THEIR DESCENDANTS IN SOUTH CAROLINA, HIGHLIGHTING THEIR DIASPORIC CONNECTIONS THROUGHOUT THE NATION AND THE WORLD. 32 32 12 50 0 0 14709772 18434758 0 0 113714 260393 0 0 14823486 18695151 3000000 0 0 0 941231 1006530 278890 0 510916 471963 794270 4692084 1800800 10131402 16894351 27696773 44515957 366219 255052 27330554 44260905 X LOCATED ON ONE OF THE MOST IMPORTANT SITES IN AMERICAN HISTORY, THE PORT OF ARRIVAL FOR NEARLY HALF OF ALL AFRICANS FORCED TO NORTH AMERICA, THE INTERNATIONAL AFRICAN AMERICAN MUSEUM (IAAM) IN CHARLESTON WILL ILLUMINATE THE INFLUENTIAL HISTORIES OF AFRICANS AND THEIR DESCENDANTS IN SOUTH CAROLINA, HIGHLIGHTING THEIR DIASPORIC CONNECTIONS THROUGHOUT THE NATION AND THE WORLD. 0 0 217429 MUSEUM PLANNING - THE DEPARTMENT OF MUSEUM PLANNING AND OPERATIONS IS RESPONSIBLE FOR THE DEVELOPMENT, MANAGEMENT, AND IMPLEMENTATION OF THE MUSEUM'S CAPITAL PROGRAM, BUILDING OPERATIONS, AND BUSINESS INITIATIVES. THE DIRECTOR OF MUSEUM PLANNING AND OPERATIONS COORDINATES THE BUILDING CONSTRUCTION, BUILDING UPFIT (ARTIFACTS; FURNITURE, FIXTURES, AND EQUIPMENT, ETC.), OCCUPANCY, AND STAFF MOVE-IN FACILITIES, SECURITY, EMERGENCY PREPAREDNESS, IT, CAFE, AND STORE IN CLOSE COLLABORATION WITH THE CEO, MUSEUM STAFF, AND CAPITAL PARTNERS. A KEY FOCUS FOR THE DEPARTMENT IS 'DAY ONE PLANNING,' WHICH REFLECTS THE INTEGRATION OF ALL MUSEUM DEPARTMENTS AND OPERATIONS WITH THE CONSTRUCTION TIMELINE TO ENSURE THAT THE MUSEUM IS PREPARED TO SUCCESSFULLY OPERATE ON 'DAY ONE.' 326749 CURATORIAL AFFAIRS - TOGETHER, THE CHIEF CURATOR, IN PARTNERSHIP WITH THE EXHIBIT DESIGN PARTNER, WILL STRATEGICALLY AND THOUGHTFULLY CRAFT EVERY DETAIL OF THE MUSEUM EXPERIENCE. THIS INCLUDES ALL CONTENT AND ARTIFACTS TO BE INCLUDED IN THE MUSEUM AND ITS PROGRAMMING, AND HOW THEY WILL BE PRESENTED. 282236 EDUCATION AND ENGAGEMENT - THE DEPARTMENT OF EDUCATION AND ENGAGEMENT IS FOCUSED ON EXECUTING A ROBUST AND EFFECTIVE COMMUNITY ENGAGEMENT STRATEGY THAT WILL ENABLE THE MUSEUM TO BUILD AUTHENTIC LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL RELATIONSHIPS AND SOCIAL CAPITAL WITH TARGET AUDIENCES AND ADVANCING THE MUSEUM'S OVERARCHING COMMUNITY RELATIONS. THIS SUITE OF PROGRAMMING ENDEAVORS TO ADVANCE THE MISSION OF THE MUSEUM WHILE CONNECTING THE AUDIENCES TO AFRICAN AND AFRICAN AMERICAN HISTORY AND CULTURE. THE DEPARTMENT IS ALSO ENGAGED IN DEVELOPING CONTENT AND FOUNDATIONAL INFRASTRUCTURE FOR THE MUSEUM'S EDUCATION PROGRAM. 826414 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X ELIJAH HEYWARD 8438725352 10 WHARFSIDE ST CHARLESTON SC 29401 WILBUR E JOHNSON ESQUIRE CHAIRPERSON 10.00 X X 0 0 0 WILLIAM KENNARD TREASURER 3.00 X X 0 0 0 MELISSA LINDLER SECRETARY 3.00 X X 0 0 0 ROBERT E BRANAN CHAIR OF FINANCE COMMITTEE 3.00 X 0 0 0 BILL BARNET BOARD MEMBER 1.00 X 0 0 0 MAYOR STEVE BENJAMIN BOARD MEMBER 1.00 X 0 0 0 PEG A BREEN BOARD MEMBER 1.00 X 0 0 0 EVELYN MCGEE COLBERT BOARD MEMBER 1.00 X 0 0 0 ROBYN COLES BOARD MEMBER 1.00 X 0 0 0 GRADY L CROSBY BOARD MEMBER 1.00 X 0 0 0 DICK ELLIOTT ESQUIRE BOARD MEMBER 1.00 X 0 0 0 MIKE GIANONI BOARD MEMBER 1.00 X 0 0 0 JONATHAN GREEN BOARD MEMBER 1.00 X 0 0 0 CAROLYN HUNTER BOARD MEMBER 1.00 X 0 0 0 ERWIN MADDREY BOARD MEMBER 1.00 X 0 0 0 DRBERNARD POWERS BOARD MEMBER 1.00 X 0 0 0 JOSEPH P RILEY JR BOARD MEMBER 30.00 X 0 0 0 KITTY ROBINSON BOARD MEMBER 1.00 X 0 0 0 RITA SCOTT BOARD MEMBER 1.00 X 0 0 0 MINOR MICKEL SHAW BOARD MEMBER 1.00 X 0 0 0 MARVA SMALLS BOARD MEMBER 1.00 X 0 0 0 HENRY B SMYTHE ESQ BOARD MEMBER 1.00 X 0 0 0 HALLE TECCO BOARD MEMBER 1.00 X 0 0 0 MAYOR JOHN TECKLENBURG BOARD MEMBER 1.00 X 0 0 0 COUNCILMAN KEITH WARING BOARD MEMBER 1.00 X 0 0 0 LUCILLE WHIPPER BOARD MEMBER 1.00 X 0 0 0 HENRY DARBY BOARD MEMBER 1.00 X 0 0 0 VERNITA BROWN BOARD MEMBER 1.00 X 0 0 0 JAMES HAIRSTON BOARD MEMBER 1.00 X 0 0 0 REV DR ISSAC HOLT BOARD MEMBER 1.00 X 0 0 0 J ELLIOTT SUMMEY BOARD MEMBER 1.00 X 0 0 0 DR HEATHER ANDREA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 VIRGINIA DEERIN MAJOR GIFTS OFFICER 50.00 X 132969 0 15097 ELIJAH HEYWARD COO 50.00 X 113436 0 14044 MICHAEL B MOORE MEMBER, CEO 50.00 X 183658 0 8213 DIANNE FIRMENT FINANCE DIRECTOR 50.00 X 24143 0 4918 454206 0 42272 3 0 1 0 0 750000 17684758 30588 18434758 260393 260393 18695151 0 0 260393 X 454206 229451 65342 159413 432673 218572 62246 151855 119651 57633 18217 43801 43365 38227 5138 233254 172757 3000 57497 43574 9741 28406 5427 36504 8067 23380 5057 36000 36000 114647 82645 4999 27003 3555 3555 GROUNDBREAKING 118266 24034 78700 15532 DISCOUNT ON PLEDGE RECE 74662 74662 MEMBERSHIP DRIVE 25139 97 256 24786 MISCELLANEOUS EXPENSE 23558 16972 5432 1154 41746 6445 21048 14253 1800800 826414 463470 510916 1871696 2737347 16293433 12173902 8946657 9885433 23681 16300639 31085 14364 14847 16721 546459 3401915 27696773 44515957 132207 97515 234012 157537 366219 255052 X 457460 1591244 26873094 42669661 27330554 44260905 27696773 44515957 16894351 36000 0 X X 0 1 X 1 0 X 3648010 2594204 16619980 14709772 18434758 56006724 12251 77000 77000 36000 202251 3648010 2606455 16696980 14786772 18470758 56208975 14850252 41358723 299 1862 6188 113714 260393 382456 56591431 0.73080 0.64780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31085 14364 16721 16721 MONEY MARKET FUNDS 3309760 F EQUITIES 92155 F 3401915 X 18656489 36000 36000 18620489 74662 74662 18695151 1726138 0 1726138 74662 74662 1800800 PART X, LINE 2: US GAAP REQUIRES MANAGEMENT TO EVALUATE INCOME TAX POSITIONS TAKEN BY THE ORGANIZATION AND TO RECOGNIZE AN INCOME TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). THE ORGANIZATION HAS IDENTIFIED ITS INCOME TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT INCOME TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH INCOME TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT ON PLEDGES RECEIVABLE 74,662. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT ON PLEDGES RECEIVABLE 74,662. 1 X X X X 1 0 0 0 0 0 0 0 0 VIRGINIA DEERIN MAJOR GIFTS OFFICER 132969 0 0 0 0 0 15097 0 0 0 148066 0 0 0 ELIJAH HEYWARD COO 113436 0 0 0 0 0 14044 0 0 0 127480 0 0 0 MICHAEL B MOORE MEMBER, CEO 183658 0 0 0 0 0 8213 0 0 0 191871 0 0 0 PART I, LINE 3 THE IAAM CEO COMPENSATION WAS DETERMINED THROUGH THE EXECUTIVE COMMITTEE'S SURVEY AND REVIEW OF THE SALARIES OF CEOS OF RELATIVELY COMPARABLE INSTITUTIONS IN THE LOCAL AREA, SUCH AS THE CHARLESTON MUSEUM, THE GIBBES, THE AQUARIUM, HISTORIC CHARLESTON FOUNDATION, THE COASTAL COMMUNITY FOUNDATION, ETC. ALONG WITH A REVIEW OF CEO COMPENSATION OF THOSE ENTITIES, THE EXECUTIVE COMMITTEE TOOK INTO ACCOUNT THE RELATIVE DUTIES OF THE CEOS, CONSIDERING SUCH MATTERS AS FUNDRAISING RESPONSIBILITY, MANAGEMENT SUPPORT FOR THE CEOS, STAFF CURRENTLY UNDER MANAGEMENT, PROJECTED STAFF UNDER MANAGEMENT AND UNIQUE CHALLENGES (E.G. RESPONSIBILITY FOR OVERSIGHT OF BUILDING DESIGN AND CONSTRUCTION, AND PROGRAMMING; RESPONSIBILITY FOR PARTNERSHIP WITH THE CITY STAFF; PUBLIC ENGAGEMENT). ALL OF THESE CONSIDERATIONS DROVE THE ANALYSIS OF IAAM CEO COMPENSATION IN 2019 AND ARE EXPECTED TO CONTINUE TO DRIVE THE ANALYSIS OF IAAM CEO COMPENSATION FOR THE FORESEEABLE FUTURE. PART I, LINE 4A MICHAEL MOORE RECEIVED SEVERANCE PAYMENT OF $77,836.20. X GROUNDBREAKING EXPENSES 0 30588 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE REVIEWED BY THE BOARD OF THE INTERNATIONAL AFRICAN AMERICAN MUSEUM. ANY CHANGES WILL BE MADE BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH SERVING DIRECTOR SHALL SIGN A STATEMENT AS TO THE MUSEUM'S CONFLICTS OF INTEREST POLICY WHEN COMMENCING SERVICE ON THE BOARD AND ANNUALLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15A THE IAAM CEO COMPENSATION WAS DETERMINED THROUGH THE EXECUTIVE COMMITTEE'S SURVEY AND REVIEW OF THE SALARIES OF CEOS OF RELATIVELY COMPARABLE INSTITUTIONS IN THE LOCAL AREA, SUCH AS THE CHARLESTON MUSEUM, THE GIBBES, THE AQUARIUM, HISTORIC CHARLESTON FOUNDATION, THE COASTAL COMMUNITY FOUNDATION, ETC. ALONG WITH A REVIEW OF CEO COMPENSATION OF THOSE ENTITIES, THE EXECUTIVE COMMITTEE TOOK INTO ACCOUNT THE RELATIVE DUTIES OF THE CEOS, CONSIDERING SUCH MATTERS AS FUNDRAISING RESPONSIBILITY, MANAGEMENT SUPPORT FOR THE CEOS, STAFF CURRENTLY UNDER MANAGEMENT, PROJECTED STAFF UNDER MANAGEMENT AND UNIQUE CHALLENGES (E.G. RESPONSIBILITY FOR OVERSIGHT OF BUILDING DESIGN AND CONSTRUCTION, AND PROGRAMMING; RESPONSIBILITY FOR PARTNERSHIP WITH THE CITY STAFF; PUBLIC ENGAGEMENT). ALL OF THESE CONSIDERATIONS DROVE THE ANALYSIS OF IAAM CEO COMPENSATION IN 2019 AND ARE EXPECTED TO CONTINUE TO DRIVE THE ANALYSIS OF IAAM CEO COMPENSATION FOR THE FORESEEABLE FUTURE. FORM 990, PART VI, SECTION C, LINE 19 THE INTERNATIONAL AFRICAN AMERICAN MUSEUM HONORS THE REQUIREMENTS OF THE LAW GOVERNING REQUEST FOR SUCH DOCUMENTS FROM THE PUBLIC AND FEDERAL AND STATE AGENCIES. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 172,757. MANAGEMENT AND GENERAL EXPENSES 3,000. FUNDRAISING EXPENSES 57,497. TOTAL EXPENSES 233,254. FORM 990, LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.