2025-09-03T13:51:16-05:00 2024-12-31 392519050 ELLIOTT DAVIS ADVISORY LLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2024-01-01 203398254 INTERNATIONAL AFRICAN AMERICAN MUSEUM INTE 8438725352 PO BOX 22761 CHARLESTON SC 29413 DIANNE FIRMENT CFO 8438725352 2025-09-03 1 1 JANICE A RATICA P00358837 7043338881 2025-09-03 2024 2025-03-06 01:10:19Z DR TONYA MATTHEWS PO BOX 22761 CHARLESTON SC 29413 11229435 0 X WWW.IAAMUSEUM.ORG X 2007 SC HONOR THE UNTOLD STORIES OF THE AFRICAN AMERICAN JOURNEY AT ONE OF OUR COUNTRY'S MOST SACRED SITES 28 28 69 107 0 0 8272799 8081659 1632605 2513388 291633 443793 -2791375 112351 7405662 11151191 0 0 0 0 4108656 4693305 615316 0 2239669 9335357 7341159 14059329 12034464 -6653667 -883273 73552670 73547323 18597407 19463987 54955263 54083336 X THE MISSION OF THE INTERNATIONAL AFRICAN AMERICAN MUSEUM (IAAM) IS TO HONOR THE UNTOLD STORIES OF THE AFRICAN AMERICAN JOURNEY AT ONE OF OUR COUNTRY'S MOST SACRED SITES. IAAM STEWARDS STORIES AND COLLECTIONS GROUNDED IN DIASPORIC, NATIONAL, AND SOUTH CAROLINA HISTORY TO SHARE IMPACT OF AFRICAN AMERICAN CULTURE AND HISTORY. 0 0 3905053 33182 THE LEARNING AND ENGAGEMENT ACTIVITIES OF THE MUSEUM ENCOMPASS CURATORIAL AND EXHIBITION MANAGEMENT, PUBLIC EDUCATION AND PROGRAMS MANAGEMENT, AND SCHOOL GROUP MANAGEMENT. THIS DIVISION ALSO OVERSEES THE MANAGEMENT OF GENEALOGY SERVICES, PROVIDING PUBLIC ACCESS TO GENEALOGY TRAINING, EDUCATION, AND DATABASES, AS WELL AS HISTORICAL RECORDS. THE DIVISION IS RESPONSIBLE FOR DELIVERING INTERPRETIVE AND EDUCATIONAL INITIATIVES ALIGNED WITH THE MUSEUM'S MISSION THROUGH GALLERY AND DIGITAL EXHIBITIONS, VIRTUAL AND IN-PERSON PROGRAMS, AND PUBLIC ENGAGEMENT ACTIVITIES. STEWARDSHIP OF THE MUSEUM'S COLLECTION, WHICH INCLUDES OVER 700 ART PIECES, OBJECTS, AND ARTIFACTS SPANNING FROM THE 17TH CENTURY TO THE 21ST CENTURY, FALLS UNDER THIS DIVISION. THE COLLECTION, FEATURING SIGNIFICANT WORKS FROM AFRICAN AMERICAN COMMUNITIES AND THE AFRICAN DIASPORA, WITH A FOCUS ON WEST AFRICAN AND CARIBBEAN COMMUNITIES, IS INTEGRAL TO THE MUSEUM'S MISSION AND EDUCATIONAL PROGRAMS. BY MANAGING AND ACTIVATING THESE COLLECTIONS, THE LEARNING AND ENGAGEMENT DIVISION ENHANCES THE MUSEUM'S ROLE AS AN EDUCATIONAL AND CULTURAL RESOURCE, FOSTERING A DEEPER UNDERSTANDING AND APPRECIATION OF AFRICAN AMERICAN HISTORY AND CULTURE. 569653 2480206 MUSEUM OPERATIONS MANAGES REVENUE-GENERATING DEPARTMENTS, INCLUDING THE CAF, RETAIL, AND EVENT RENTALS, CONTRIBUTING TO THE MUSEUM'S FINANCIAL STABILITY. THIS DIVISION ALSO OVERSEES VISITOR SERVICES, WHICH MANAGES THE VISITOR EXPERIENCE INCLUSIVE OF TICKET SALES. ADDITIONALLY, MUSEUM OPERATIONS IS RESPONSIBLE FOR IT MANAGEMENT, ENSURING THE TECHNOLOGICAL INFRASTRUCTURE SUPPORTS ALL MUSEUM ACTIVITIES. 2571684 THE FACILITY OPERATIONS ACTIVITIES OF THE MUSEUM MANAGE FACILITIES, GARDENS, SECURITY, AND TECHNOLOGY INFRASTRUCTURE. THIS DIVISION ENSURES THE MAINTENANCE AND FUNCTIONALITY OF MUSEUM PROPERTIES, IMPLEMENTS SECURITY MEASURES (INCLUDING PERSONNEL AND SECURITY TECHNOLOGY), AND OVERSEES CAPITAL PROJECTS FOR FACILITY IMPROVEMENTS AND MAINTENANCE. 7046390 1 1 0 1 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 63 0 1 69 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X DIANNE FIRMENT CFO 8438725352 PO BOX 22761 CHARLESTON SC 29413 BISHOP CLAUDE ALEXANDER DIRECTOR 1.00 X 0 0 0 ROSS A APPEL DIRECTOR 1.00 X 0 0 0 ROBERT E BRANAN DIRECTOR 1.00 X 0 0 0 VERNITA BROWN DIRECTOR 1.00 X 0 0 0 DR TAMARA BUTLER DIRECTOR 1.00 X 0 0 0 MIGNON CLYBURN DIRECTOR 1.00 X 0 0 0 WILLIAM COGSWELL DIRECTOR 1.00 X 0 0 0 HENRY E DARBY DIRECTOR 1.00 X 0 0 0 RICHARD D ELLIOTT ESQ DIRECTOR 1.00 X 0 0 0 MICHAEL P GIANONI DIRECTOR 1.00 X 0 0 0 ANNA GLASS DIRECTOR 1.00 X 0 0 0 DR DAVID GOLTRA DIRECTOR 1.00 X 0 0 0 REV DR ISAAC J HOLT JR DIRECTOR 1.00 X 0 0 0 WILBUR E JOHNSON ESQ DIRECTOR 1.00 X 0 0 0 GEORGE LOENING DIRECTOR 1.00 X 0 0 0 KENT MATLOCK DIRECTOR 1.00 X 0 0 0 LENARD MCKELVEY DIRECTOR 1.00 X 0 0 0 MINOR MICKEL SHAW DIRECTOR 1.00 X 0 0 0 REV DR KYLON J MIDDLETON DIRECTOR 1.00 X 0 0 0 CAROLYN MURRAY DIRECTOR 1.00 X 0 0 0 JOSEPH P RILEY JR DIRECTOR 1.00 X 0 0 0 HALLE TECCO DIRECTOR 1.00 X 0 0 0 DR DWAUN WARMACK DIRECTOR 1.00 X 0 0 0 DR HEATHER ANDREA WILLIAMS DIRECTOR 1.00 X 0 0 0 GRADY L CROSBY BOARD CHAIR 1.00 X X 0 0 0 P KEITH WARING VICE CHAIR, EX-OFFICIO 1.00 X X 0 0 0 JAMES HAIRSTON SECRETARY 1.00 X X 0 0 0 ERWIN MADDREY II TREASURER 1.00 X X 0 0 0 DR TONYA MATTHEWS CHIEF EXECUTIVE OFFICER 40.00 1.00 X 229982 0 12566 DIANNE FIRMENT CHIEF FINANCIAL OFFICER 40.00 1.00 X 229191 0 11821 MALIKA PRYOR CHIEF LEARNING & ENGAGEMENT OFFICER 40.00 1.00 X 144925 0 10764 VIRGINIA DEERIN MAJOR GIFTS OFFICER 40.00 1.00 X 151605 0 9914 ROBYN WEBB WILLIAMS DEVELOPMENT DIRECTOR 40.00 1.00 X 108010 0 6666 ROBYN WATERSTON DEVELOPMENT DIRECTOR 40.00 1.00 X 109621 0 753 RONALD BURNETTE FACILITIES DIRECTOR 40.00 1.00 X 102500 0 0 1075834 0 52484 7 0 1 0 VISIBLE LIFE LLC 5116 NEWHALL STREET PHILADELPHIA PA 19144 CURATORIAL CONSULTING 887876 COMMUNITY COUNSELLING SERVICE LLC PO BOX 824885 PHILADELPHIA PA 19182 FRACTIONAL CDO SERVICES 156871 STASMAYER INCORPORATED 2420 MALL DRIVE SUITE 201 N CHARLESTON SC 29406 TECHNOLOGY MAINTENANCE 123466 CHURCH STREET MEDIA 269 WALKER STREET 611 DETROIT MI 48207 FRACTIONAL CMO SERVICES 122500 4 465850 186400 2190721 5238688 43636 8081659 ADMISSIONS REVENUE 900099 1926285 1926285 GIFT SHOP SALES 900099 553921 553921 EDUCATION & PUBLIC PROGRAMS 900099 33182 33182 2513388 441900 441900 109245 0 109245 109245 109245 1893 0 1893 1893 1893 81350 186400 78244 3106 3106 11151191 2622633 0 446899 X 604098 373526 119665 110907 3380674 2090341 669674 620659 43906 23099 15550 5257 363572 191279 128764 43529 301055 158388 106623 36044 47419 47419 77346 77346 2325086 1445315 322267 557504 175775 175 3049 172551 481102 53532 217716 209854 263950 153032 50269 60649 2469974 1558407 879461 32106 104302 26127 67215 10960 6229 6229 PROGRAM EXPENSE 470618 470618 MISCELLANEOUS EXPENSE 302121 290240 11881 FUNDRAISING COSTS 272357 322 272035 COLLECTIONS ACQUISITONS 203484 198247 5237 141396 14064 19718 107614 12034464 7046390 2748405 2239669 8182900 5433540 4261039 451505 4542408 5800719 11970480 11970480 49602 113867 90433 82138 119123 18639 32346 100484 100086 0 44323376 49594590 73552670 73547323 906957 702687 1792560 1835300 15897890 16926000 18597407 19463987 X 46329808 45952520 8625455 8130816 54955263 54083336 73552670 73547323 -883273 11346 0 X X 0 1 X 1 0 X 5612324 29515116 11983906 8272799 8081659 63465804 36000 36000 5648324 29515116 11983906 8272799 8081659 63501804 63501804 105013 136188 136744 355958 551145 1285048 64786852 4145993 0.98020 0.96570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 87000 87000 0 PART I - A, LINE 1 LOBBYING FEES TO SEEK AN APPROPRIATION FROM THE SC GENERAL ASSEMBLY FROM THE STATE PORTION OF THE AMERICAN RECOVERY ACT. X X X 0 119123 18639 100484 100484 DUE FROM ISO 35286726 RIGHT OF USE ASSET 14307864 49594590 LEASE LIABILITY 16011000 DUE TO COASTAL COMMUNITY FOUNDATION 915000 16926000 X 11162432 11346 11346 11151086 105 105 11151191 12034359 0 12034359 105 105 12034464 PART III, LINE 1A: THE MUSEUM FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 958-310-50, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATIONS ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IF PURCHASED WITH FUNDS WITHOUT DONOR RESTRICTION AND AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH FUNDS WITH DONOR RESTRICTIONS. NONCASH CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECORDED ON THE STATEMENT OF ACTIVITIES. A COLLECTION INVENTORY IS MAINTAINED WHICH LISTS A DESCRIPTION OF THE ITEM, SOURCE, AND STORAGE LOCATION. IF AN ITEM IN THE COLLECTION IS SOLD, PROCEEDS WILL DIRECTLY BENEFIT THE COLLECTIONS ON HAND FOR DIRECT CARE OR FOR THE ACQUISITION OF NEW COLLECTION ITEMS. THE COLLECTION CONTAINS HISTORICALLY SIGNIFICANT ITEMS WHICH ARE CONSIDERED PRICELESS. THEY ARE HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH AND ARE PROTECTED, CARED FOR AND PRESERVED. PART X, LINE 2: THE MUSEUM AND ISO ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH IRC REGULATIONS, THE MUSEUM IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE MUSEUM. IN ADDITION, THE MUSEUM AND ISO QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). THE MUSEUM AND ISO HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1) AND SECTION 509(A)(3), RESPECTIVELY. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE MUSEUM AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEAR ENDED DECEMBER 31, 2024. THE MUSEUM'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. THE MUSEUM IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EVENT EXPENSE 105. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EVENT EXPENSE 105. ANNIVERSARY JUBILEE 267750 186400 81350 78244 267750 186400 81350 78244 78244 3106 X X X 0 0 0 0 0 0 0 0 0 DR TONYA MATTHEWS CHIEF EXECUTIVE OFFICER 229982 0 0 0 0 0 7088 0 5478 0 242548 0 0 0 DIANNE FIRMENT CHIEF FINANCIAL OFFICER 165191 0 0 0 64000 0 6381 0 5440 0 241012 0 0 0 VIRGINIA DEERIN MAJOR GIFTS OFFICER 151605 0 0 0 0 0 4474 0 5440 0 161519 0 0 0 MALIKA PRYOR CHIEF LEARNING & ENGAGEMENT OFFICER 144925 0 0 0 0 0 0 0 10764 0 155689 0 0 0 SCHEDULE J, PART II, OTHER REPORTABLE COMPENSATION DIANNE FIRMENT, CFO, PERFORMED THE DUTIES OF THE COO POSITION DURING THE PERIOD 4/30/24 - 11/30/24 AND WAS COMPENSATED $64,000 FOR THE ADDITIONAL ROLE AND RESPONSIBILITIES. X 2 43636 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS 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 THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 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. 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). THE COMPENSATION DETERMINATION PROCESS FOR OTHER OFFICERS AND KEY EMPLOYEES IS ALSO EVALUATED BY THE EXECUTIVE COMMITTEE AFTER A REVIEW OF COMPARABLE DATA AND THE POSITION'S ROLE AND RESPONSIBILITIES. ALL COMPENSATION DECISIONS ARE DOCUMENTED. 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 OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,445,315. MANAGEMENT AND GENERAL EXPENSES 322,267. FUNDRAISING EXPENSES 557,504. TOTAL EXPENSES 2,325,086. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. IAAM SUPPORTING ORGANIZATION 10 WHARF STREET CHARLESTON SC 29401 844264813 SUPPORTING ORGANIZATION SC 501(C)(3) LINE 12A, I INTERNATIONAL AFRICAN AMERICAN MUSEUM 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 IAAM SUPPORT ORGANIZATION D 35286726 CASH IAAM SUPPORT ORGANIZATION K 763654 CASH