2019-09-23T13:56:44-05:00 2018-12-31 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2018-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR CFO 3367217316 2019-09-20 true VALERIE D KIGER P01732917 3367250635 2019-09-20 X 167.68.16.49 2019-09-23 13:56:44 CD P E239B0134808776A5D3BBE8D3D070E54B44E5BD0 CAC86B4239F5304BCB14C917C0DEF65AAC782849 2018 2019-02-21 02:37:17Z MR FRANK VAGNONE 600 S MAIN STREET WINSTONSALEM NC 27101 7524010 false X WWW.OLDSALEM.ORG X 1950 NC THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 22 22 207 59 11352 3379375 1993255 1406637 1136823 1159558 1357133 1637554 1335892 7583124 5823103 0 0 4048369 3758868 0 480614 2924441 2629258 6972810 6388126 610314 -565023 77263224 72441999 2504143 1831512 74759081 70610487 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 2458964 533416 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. HOSTED OVER 187,000 VISITORS, INCLUDING 33,000 SCHOOL CHILDREN. 1178093 255560 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 1639480 347847 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. 5276537 true true false false false false true true false true true false false true false true true false false false false false false false true false false false false false false false false false false false false false true true false false false false false false false true 63 0 true 207 true true true false false false false true true false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true true false NC X THE ORGANIZATION 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 DR EUGENE ADCOCK III TRUSTEE 1.00 X 0 0 0 MOLLY LEIGHT TRUSTEE 1.00 X 0 0 0 MR JERRY COOK TREASURER 1.00 X X 0 0 0 MR MICHAEL ERNST CHAIR 1.00 X X 0 0 0 MRS RAGAN FOLAN TRUSTEE 1.00 X 0 0 0 ERIKA MIELKE TRUSTEE 1.00 X 0 0 0 MR ROBERT GREEN TRUSTEE 1.00 X 0 0 0 DR EDWARD G HILL TRUSTEE 1.00 X 0 0 0 MRS ANN A JOHNSTON VICE CHAIR 1.00 X X 0 0 0 MR WILLIAM JOYNER TRUSTEE 1.00 X 0 0 0 MS JUDY LAMBETH SECRETARY 1.00 X X 0 0 0 MR JOSEPH P LOGAN TRUSTEE 1.00 X 0 0 0 MR WILLIAM C MARINER TRUSTEE 1.00 X 0 0 0 MR JAMES E MARTIN TRUSTEE 1.00 X 0 0 0 MRS MARY ELIZABETH MERCIER TRUSTEE 1.00 X 0 0 0 MRS CHRISTINE MINTER-DOWD CHAIR 1.00 X X 0 0 0 MRS PAULETTE MORANT TRUSTEE 1.00 X 0 0 0 FLETCHER WILSON TRUSTEE 1.00 X 0 0 0 DR THOMAS H SEARS JR TRUSTEE 1.00 X 0 0 0 MR DANIEL R TAYLOR JR TRUSTEE 1.00 X 0 0 0 MR HAYES WAUFORD JR VICE CHAIR 1.00 X X 0 0 0 MR DAVID WHARTON TRUSTEE 1.00 X 0 0 0 MR FRANK VAGNONE PRES/CEO 40.00 X 140296 0 5858 MR ROBERT LEATH V.P. COLLECT 40.00 X 79377 0 10237 KEN BUCHANAN CFO 40.00 X 74191 0 6468 PAULA LOCKLAIR VP EDUCATION 40.00 X 34670 0 2195 MS FRANCES BEASLEY V.P. DEVELOP 40.00 X 32538 0 2249 MR ANTHONY SLATER COO 40.00 X 25327 0 2287 TERRY TAYLOR CFO X 0 0 0 386399 29294 1 false false false FRANK L BLUM CONSTRUCTION COMPANY 830 E 25TH ST WINSTONSALEM NC 27105 CONSTRUCTION 325929 1 9581 687283 1296391 303990 1993255 ADMISSION FEES 900099 924160 924160 MUSEUM CLASSES 900099 200184 200184 PUBLICATIONS 900099 12479 12479 1136823 848282 848282 151047 40333 110714 110714 110714 1412162 213826 1095683 21454 316479 192372 508851 508851 7800 9581 2388 5412 5412 1752465 541049 1211416 1200064 11352 MISCELLANEOUS REVENUE 900099 8350 8350 8350 5823103 2345237 11352 1473259 415692 126479 181349 107864 2810694 2439766 158551 212377 298834 270910 21517 6407 233648 187724 24034 21890 5706 5706 51083 15984 31398 3701 54400 54400 130117 93824 3745 32548 70693 70693 413989 377478 18987 17524 123674 79531 11560 32583 304300 290537 12827 936 72352 66341 1744 4267 2743 2463 140 140 68886 68886 648349 584595 55885 7869 158440 141664 10284 6492 SERVICES 322130 292283 19985 9862 EQUIPMENT RENTAL AND MAIN 103856 89211 12454 2191 OTHER FEES 92831 78168 6409 8254 DEVELOPMENT - SPECIAL EVE 5709 5709 6388126 5276537 630975 480614 191588 128751 2268200 1022214 1221153 546943 125451 47204 299831 177536 144449 154446 25752967 12001201 12241862 13751766 35841953 32686939 24928737 23926200 77263224 72441999 764284 579020 427223 27960 1312636 1224532 2504143 1831512 X 41857952 40594236 14687029 11720580 18214100 18295671 74759081 70610487 77263224 72441999 -565023 -3583571 X false true X true false X 2967635 3904375 2286488 3379375 1993255 14531128 2967635 3904375 2286488 3379375 1993255 14531128 404424 14126704 1083071 1278791 1041601 905519 999329 5308311 2676 2676 19842115 17817541 0.71200 0.72110 X X X 47 45 1 false 275.00 5450 259105 23913946 X X X X false 38110153 117044 -2473211 2044833 33709153 34707893 59166 5410863 2067769 38110153 34010831 138569 2979307 2420814 34707893 36511921 677513 -606164 2572079 34010831 36378771 651606 2172984 2691440 36511921 0.16170 0.83830 false false 1525210 1525210 16031634 8165646 7865988 2959369 1188198 1771171 4447774 2181249 2266525 788980 466108 322872 13751766 ART AND HISTORICAL TREASURES 23913946 BENEFICIAL INTEREST 12254 23926200 X 2823302 -3583571 583770 -2999801 5823103 5823103 6917496 583770 583770 6333726 54400 54400 6388126 SCHEDULE D, PAGE 1, PART II, LINE 9 CONSERVATION EASEMENTS CONSISTS OF DEED COVENANTS THAT THE ORGANIZATION HOLDS ON PROPERTIES THAT HAVE PASSED THROUGH ITS OWNERSHIP. NO VALUE IS RECORDED FOR THESE DEED CONVENANTS. SCHEDULE D, PAGE 2, PART III, LINE 4 THE ORGANIZATIONS MUSEUMS - THE HISTORIC TOWN OF SALEM, THE MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS ("MESDA"), AND THE GARDENS AT OLD SALEM - ENGAGE VISITORS IN AN EDUCATIONAL AND MEMORABLE HISTORICAL EXPERIENCE ABOUT THOSE WHO LIVED AND WORKED IN THE EARLY SOUTH. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR 2018, 2017, AND 2016 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING 2,388 RENTAL EXPENSES 40,333 COST OF GOODS SOLD 541,049 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 40,333 COST OF GOODS SOLD 541,049 FUNDRAISING EVENT EXPENSES 2,388 NC MESDA CONFERENC 7800 7800 7800 7800 7800 X 3 APPRAISAL X 4 15162 X 42 MARKET VALUE X 1 259105 X FURNTIURE 1 29723 MARKET VALUE X ANTIQUE CURRENC 1 APPRAISAL 6 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL BY THE AUDIT COMMMITTEE AND SUBMITTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE EXECUTIVE COMMITTEE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO OUR BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL STATEMENT OF COMPLIANCE IS OBTAINED FROM EACH TRUSTEE AND KEY EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15B THE OFFICERS' SALARIES ARE DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO PUBLIC UPON SPECIFIC REQUEST. THE ANNUAL REPORT IS DISTRIBUTED TO DONORS AND UPON SPECIFIC REQUEST.