2016-11-14T15:13:44-06:00 2015-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2015-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037998699 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 221210110 PHILIP MANNO CHIEF FINANCIAL OFFICER 7037998699 2016-11-14 1 FRANK H SMITH P00639053 2028225000 2016-11-14 2015 2017-02-10 21:41:12Z CURTIS G VIEBRANZ 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 221210110 186322638 0 X WWW.MOUNTVERNON.ORG X 1853 VA TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON AND EDUCATE VISTORS ABOUT HIS LIFE. 27 27 747 395 1617267 -74257 9247345 13952745 13655456 14526482 3880299 2308448 9929635 10661537 36712735 41449212 46500 270085 0 0 21370375 22440744 1035853 604456 2753087 23305933 24623364 45758661 47938649 -9045926 -6489437 287766062 275425119 25897610 26615760 261868452 248809359 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 19218947 1000 23139859 THE ASSOCIATION WELCOMED 1,069,000 VISITORS TO THE ESTATE IN 2015, AND STUDENTS TOTALING 338,000 VISITED FROM ALL 50 OF THE UNITED STATES AND AROUND THE WORLD. THE ASSOCIATION REMAINED THE MOST POPULAR HISTORIC ESTATE IN AMERICA. THE ASSOCIATION'S INTERPRETATION STAFF CONTINUED TO EXPAND THE EDUCATION EXPERIENCE AT MOUNT VERNON WITH NEW AND EXCITING PROGRAMS FOR VISITORS OF ALL AGES. FOR THE FIRST TIME IN THE ASSOCIATION'S HISTORY, THE ASSOCIATION WAS THE BENEFICIARY OF TWO ROYAL VISITS IN A SINGLE YEAR: THE PRINCE OF WALES AND DUCHESS OF CORNWALL, AND THE KING AND QUEEN OF SPAIN. THE ASSOCIATION LAUNCHED A FREE SHUTTLE CONNECTING THE DISTILLERY & GRISTMILL WITH THE ESTATE, AND GUESTS RESPONDED WITH ENTHUSIASM AS ATTENDANCE INCREASED 25%, TOPPING 44,000. THE ASSOCIATION HOSTED A NUMBER OF POPULAR PUBLIC EVENTS ON THE ESTATE, SUCH AS CHRISTMAS AT MOUNT VERNON, SPRING AND FALL WINE FESTIVALS, SUMMER ESCAPE, THE RED, WHITE AND BLUE CELEBRATION ON THE FOURTH OF JULY, AND THE COLONIAL MARKET & FAIR OFFERED WAYS OF EXPERIENCING MOUNT VERNON FROM DIFFERENT POINTS OF VIEW. THE ASSOCIATION WAS OPEN TO THE PUBLIC FOR FREE ON GEORGE WASHINGTON'S BIRTHDAY AND WELCOMED THOUSANDS OF VISITORS TO THE ESTATE TO CELEBRATE THE GENERAL'S BIRTHDAY.THE ASSOCIATION HAS CONTINUED TO MAKE HUGE STRIDES IN ITS ONLINE VISITATION SINCE THE REDESIGN OF THE WEBSITE IN 2014, WITH UNIQUE VISITORS SURPASSING FOUR MILLION IN 2015, REPRESENTING A 25% INCREASE FROM THE PRIOR YEAR. THE ASSOCIATION WON THE GOLD W3 AWARD, ONE OF THE HIGHEST HONORS AVAILABLE TO WEBSITES OF CULTURAL INSTITUTIONS. THE ASSOCIATION MADE SIGNIFICANT EFFORTS TO INCREASE THE CONTENT OF THE WEBSITE AS IT ALLOWS THE ASSOCIATION TO TELL STORIES OF GEORGE WASHINGTON AND HIS ESTATE TO THOSE NOT ABLE TO READILY ACCESS THE MANSION.THE ASSOCIATION INTRODUCED THE MOUNT VERNON APP DESIGNED TO ENHANCE GUEST EXPERIENCE ON THE ESTATE WITH INTERACTIVE MAPS, IMMERSIVE TOURS, QUIZZES, AND MORE. IN CONJUNCTION, THE ASSOCIATION LAUNCHED THE AGENT 711: SPY ADVENTURE APP THAT ALLOWS FAMILIES TO CRACK CODES AND TACKLE CHALLENGES, AND INTERACT WITH CHARACTERS ON THE ESTATE. THE ASSOCIATION'S NEW FILM THE WINTER PATRIOTS DEBUTED THIS YEAR, WHICH HAS EARNED RAVE REVIEWS FROM TEACHERS, HISTORY ENTHUSIASTS, AND OTHER KEY AUDIENCES. THE ASSOCIATION RELEASED THE FIRST ISSUE OF ITS NEWEST PUBLICATION, MOUNT VERNON MAGAZINE, WHICH WILL BE PRODUCED THREE TIMES EACH YEAR. 11450784 24000 THE ASSOCIATION STRIPPED AND STAINED THE MANSION ROOF, AND THIS WORK WILL CONTINUE THROUGH 2018. WHILE MAKING THE NECESSARY REPAIRS, THE ASSOCIATION UNCOVERED SOME UNEXPECTED PROBLEMS IN THE CUPOLA. UNLIKE THE MAIN ROOF, THE CUPOLA'S FLATTER ROOF HAD DETERIORATED AND NEEDED TO BE REPLACED AS WELL AS A SPIRE IN THE CUPOLA. WHILE WORKING ON THE CUPOLA THE ASSOCIATION DISCOVERED A TROVE OF 19TH CENTURY GRAFFITI THAT HAD BEEN PRESERVED. WHILE RESTORING THE ORIGINAL WALNUT STAIRCASE IN THE MANSION BY TIGHTENING THE CARPENTRY AND ADDING SUPPORT POSTS, THE ASSOCIATION WAS ABLE TO DOCUMENT THE SPACE IN 3-D. THIS RECORDING HAS OPENED A HISTORICAL TREASURE TROVE OF INFORMATION ON THE ORIGINAL WOOD, AND THE MULTIPLE GENERATIONS OF REPAIRS THAT WERE DONE IN THE MANSION. WHILE REMOVING THE PLASTER IN THE NELLY CUSTIS LEWIS ROOM THE ASSOCIATION DISCOVERED A FRAGMENT OF 18TH CENTURY WALLPAPER. ANALYSIS DONE ON THESE SAMPLES INDICATED THAT THE WALL PAPER IS FROM 1758-1759 THAT WOULD HAVE BEEN ACQUIRED FROM WASHINGTON FROM LONDON IN 1758. RECOGNIZING THE NEED TO SAFEGUARD PRICELESS OBJECTS, THE ASSOCIATION ALSO MOVED KEY PIECES OF ITS COLLECTION FROM THE MANSION TO SAFER, MORE CLIMATE CONTROLLED ENVIRONMENTS. GEORGE WASHINGTON'S UNCOMMON CHAIR, LONG DISPLAYED IN THE STUDY, IS NOW FEATURED IN THE MUSEUM'S GILDER LEHRMAN GALLERY. AFTER MANY VOLUMES WERE RELOCATED TO THE WASHINGTON LIBRARY FOR PRESERVATION AND CONTINUED EDUCATION OF GUESTS AND SCHOLARS, THE ASSOCIATION REPLENISHED THE SHELVES OF THE BOOK PRESS IN GEORGE WASHINGTON'S STUDY. FOR DECADES THE ASSOCIATION HAS WORKED TO COMPILE RECORDS ABOUT THE ENSLAVED WORKFORCE AND MOUNT VERNON. BY THE END OF 2015, 536 ENSLAVED INDIVIDUALS WHO LIVED OR WORKED AT MOUNT VERNON HAD BEEN IDENTIFED. MOUNT VERNON IN MINIATURE WAS REPAIRED AND REINSTATED IN THE FORD ORIENTATION CENTER IN EARLY 2015 IN TIME FOR THE ASSOCIATION'S BUSY SPRING SEASON. THE ASSOCIATION FLEW A LIGHT DETECTING AND RANGING TO BETTER ANALYZE THE EXACT TOPOGRAPHY OF THE LANDSCAPE, WHICH UNCOVERED NEW INFORMATION ABOUT WASHINGTON'S ORIGINAL LAND HOLDINGS. 10592367 245085 THE ASSOCIATION'S RESEARCH FELLOWS PROGRAM WELCOMED 18 FELLOWS TO THE LIBRARY. THESE ESTABLISHED AND EMERGING SCHOLARS RESIDE AT MOUNT VERNON FOR ONE, THREE AND SIX-MONTH FELLOWSHIPS TO RESEARCH FASCINATING TOPICS RANGING FROM MILITARY HISTORY TO DECORATIVE ARTS. BECOMING GEORGE WASHINGTON BROUGHT STUDENTS FROM UNDERPRIVILEGED SCHOOLS IN WASHINGTON D.C. TO SPEND AT A DAY AT MOUNT VERNON WHERE THEY RECEIVED HANDS ON LESSONS IN LEADERSHIP AND CHARACTER THAT GEORGE WASHINGTON EXEMPLIFIED. THE ASSOCIATION HOSTED NUMEROUS LEADERSHIP SEMINARS FOR CORPORATE AND GOVERNMENT LEADERS. THESE SEMINARS TEACH HOW GEORGE WASHINGTON'S EXAMPLE OF LEADERSHIP AND CHARACTER ARE APPLICABLE TO TODAY'S REAL WORLD ISSUES. TO COMMEMORATE THE FIRST ANNIVERSARY OF THE LIBRARY, THE ASSOCIATION LAUNCHED THE FOUNDING DEBATES, AN EVENT WHERE AUTHORS, PUBLIC FIGURES AND HISTORIANS DISCUSS INTERPRETATIONS OF A QUESTION OF NATIONAL IMPORT. THIS PROGRAM FOSTERS BROAD AND CONSTRUCTIVE DISCOURSE, WHILE UNDERSCORING IMPORTANT DETAILS OF WASHINGTON'S LIFE AND OUR NATION'S FOUNDING. INTRODUCED A FREE MONTHLY PROGRAM TO SPOTLIGHT AUTHORS AND THEIR NEW BOOKS ABOUT HISTORICAL TOPICS. SPONSORED BY FORD MOTOR COMPANY, THE FORD EVENING BOOK TALKS HAVE INTRODUCED NEIGHBORHOOD RESIDENTS, STUDENTS AND INTERESTED INDIVIDUALS TO WORKS BY WELL-KNOWN WRITERS AND EMERGING TALENTS.IN 2015, MOUNT VERNON HOSTED APPROXIMATELY 62 LECTURES AND SYMPOSIA FOR SCHOLARS, STUDENTS, AND SUPPORTERS. THE ASSOCIATION CONTINUED THE ASSOCIATION'S MOST POPULAR LECTURE SERIES AND SYMPOSIA. THE MICHELLE SMITH LECTURE SERIES, GAY HART GAINES DISTINGUISHED VISITING LECTURER OF AMERICAN HISTORY, GEORGE WASHINGTON SYMPOSIUM AND GEORGE WASHINGTON LEADERSHIP LECTURE SERIES FOCUSED ON TOPICS RANGING FROM ART TO CITIZENSHIP AND CIVICS. THE ASSOCIATION TEACHERS' INSTITUTE PROGRAMS HOSTED OVER 115 TEACHERS FROM AROUND THE COUNTRY FOR WEEK-LONG SEMINARS AND TRAINING SESSIONS CENTERED AROUND TEACHING GEORGE WASHINGTON TO ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOLS STUDENTS. THE PROGRAM IS BEING REVAMPED INTO SHORTER FOUR DAY SESSIONS WITH SIX TOPICS, INCLUDING TOPICS SUCH AS LEADERSHIP AND SLAVERY. IN ADDITION, THE ASSOCIATION WELCOMED 175 WASHINGTON, D.C. AREA TEACHERS FOR ITS ANNUAL TWO-DAY INSTITUTE. THE TEAM ALSO TRAVELED TO CONNECTICUT, KENTUCKY, NORTH CAROLINA, OKLAHOMA, RHODE ISLAND, AND TEXAS TO MEET TEACHERS AND HOST RESIDENTIAL EDUCATION PROGRAMS. THE ASSOCIATION PARTNERED WITH THE SMITHSONIAN NATIONAL MUSEUM OF AMERICAN HISTORY AND WORLD AFFAIRS COUNCIL TO HOST THE INAUGURAL SCHOLARS TO LEADERS PROGRAM, A HALF DAY SEMINAR THAT FEATURED LECTURES ON LEADERSHIP AND CIVIC RESPONSIBILITY. THE WASHINGTON LIBRARY RELEASED ITS FIRST PUBLICATION, "THE GENERAL IN THE GARDEN: GEORGE WASHINGTON'S LANDSCAPE AT MOUNT VERNON". THE GEORGE WASHINGTON BOOK PRIZE WAS GIVEN TO NICK BUNKER IN 2015 FOR EMPIRE ON THE EDGE: HOW BRITAIN CAME TO FIGHT AMERICAN AS WELL AS LIN-MANUEL FOR THE BROADWAY MUSICAL, HAMILTON. THE ASSOCIATION FORGED STRONGER INTERNATIONAL CONNECTIONS AND PARTNERED WITH THE SONS OF THE AMERICAN REVOLUTION ON AN ACADEMIC CONFERENCE FOCUSING ON LAFAYETTE AND EUROPEAN FRIENDS OF THE AMERICAN REVOLUTION. 41262098 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 172 0 1 747 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X PHILIP MANNO 7037998699 PO BOX 110 MOUNT VERNON VA 221210110 BARBARA BOURGEOIS LUCAS REGENT 20.00 X X 0 0 0 MELODY SAWYER RICHARDSON SECRETARY 10.00 X X 0 0 0 SUSAN MARSHALL TOWNSEND TREASURER 10.00 X X 0 0 0 MARGARET APPLETON ALLISON VICE REGENT 10.00 X 0 0 0 CLAUDIA PUIG AMUNDSEN VICE REGENT 10.00 X 0 0 0 BOYCE LINEBERGER ANSLEY 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 SARAH MILLER COULSON VICE REGENT 10.00 X 0 0 0 CLARE N COOLEY EDWARDS VICE REGENT 10.00 X 0 0 0 LUCIA BOSQUI HENDERSON VICE REGENT 10.00 X 0 0 0 MARY ELIZABETH CREEKMORE HENKE VICE REGENT 10.00 X 0 0 0 ELIZABETH WHITESIDES HOLDSWORTH 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 MARGARET HARTMAN NICHOLS VICE REGENT 10.00 X 0 0 0 ANNE NEAL PETRI 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 ANN CADY SCOTT VICE REGENT 10.00 X 0 0 0 JEAN ARMFIELD SHERRILL VICE REGENT 10.00 X 0 0 0 CATHERINE MARLETTE WADDELL VICE REGENT 10.00 X 0 0 0 GAIL BERRY WEST VICE REGENT 10.00 X 0 0 0 CURTIS G VIEBRANZ PRESIDENT/CEO 40.00 X 355035 0 27791 PHILIP MANNO CHIEF FINANCIAL OFFICER 40.00 X 200245 0 17061 DOUGLAS BRADBURN FOUNDING DIRECTOR OF NAT'L LIBRARY 40.00 X 198838 0 20042 CAROL CADOU SVP HISTORIC PRESERVATION/COLLECTION 40.00 X 170522 0 13273 SUSAN MAGILL VICE PRESIDENT OF ADVANCEMENT 40.00 X 244834 0 20387 ROBERT SHENK SVP VISITOR ENGAGEMENT 40.00 X 218962 0 23624 JAMIE BOSKET VP GUEST EXPERIENCE DIVISION 40.00 X 137589 0 16439 MATTHEW BRINEY VICE PRESIDENT OF NEW MEDIA 40.00 X 129609 0 13534 CAROLINA CAMARGO DIRECTOR OF SPECIAL GIFTS 40.00 X 123241 0 14703 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 40.00 X 131015 0 22885 JAHMOND QUANDER DIRECTOR OF FOOD AND BEVERAGE 40.00 X 125402 0 18771 2035292 0 208510 23 0 1 0 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK 201 BRAINTREE MA 02184 DIRECT MAIL FUNDRAISING CONSULT. 1303074 MANA CONSTRUCTION 8804 OLD COLONY WAY ALEXANDRIA VA 22309 CONSTRUCTION SERVICES 691520 ADVANCED ENVIRONMENT SOLUTIONS 8710 LAGRANGE STREET LORTON VA 22079 CONSTRUCTION AND HVAC SERVICES 458957 TESSITURA 11700 PRESTON ROAD 660 PMB 214 DALLAS TX 75230 AMS SYSTEM AND SETUP 314586 CONSTRUCTION TRADES SERVICES INC 603 EAST CHURCH STREET FREDERICK MD 21701 CONSTRUCTION SERVICES 306059 22 177012 832459 12943274 1965341 13952745 ADMISSION FEES 900099 13676162 13676162 EVENT REVENUE 900099 666118 666118 TICKET REVENUE 900099 184202 184202 14526482 2047857 2047857 207406 207406 139178995 138918404 260591 260591 260591 167930 832459 191446 -23516 -23516 13186 0 13186 13186 15994220 5763576 10230644 8613377 1617267 OTHER INCOME 900099 233817 233817 233817 41449212 23139859 1617267 2739341 270085 270085 1510614 874957 293871 341786 16938054 14914217 1265123 758714 972357 871443 61860 39054 1658847 1553978 9303 95566 1360872 1175896 105240 79736 53273 53273 67048 67048 604456 604456 427260 427260 2867874 2162467 581903 123504 680489 659604 11201 9684 4001850 3192114 679263 130473 264332 89352 116581 58399 2168 2168 4847474 4764977 82497 320168 280124 6809 33235 402253 392074 6995 3184 5600 5600 7897728 7897728 302104 170451 56817 74836 EVENT EXPENSES 1254435 1096735 41581 116119 MISCELLANEOUS 811746 618291 56839 136616 COLLECTIONS AND LIBRARY 265526 265526 DIRECT MAIL COSTS 147725 147725 4311 4311 47938649 41262098 3923464 2753087 X 1325022 642674 33989 648359 4672889 3779575 7018772 18752765 16064194 9898440 763310 426485 500000 500000 2743569 2735195 289233 413909 158536294 68581211 96729474 89955083 100102728 121619891 54798994 20398517 4082899 6945259 287766062 275425119 3264269 3723239 548738 638654 15000000 15000000 200000 200000 6884603 7053867 25897610 26615760 X 142755233 132529440 83210355 75397159 35902864 40882760 261868452 248809359 287766062 275425119 X -6489437 -6226278 -343378 X 0 1 X 1 0 X 15346281 17833083 24922730 9247345 13952745 81302184 23945233 26022980 26424678 26293684 28181664 130868239 39291514 43856063 51347408 35541029 42134409 212170423 2160598 5812551 2230229 1482574 1005908 12691860 0 2160598 5812551 2230229 1482574 1005908 12691860 199478563 1406377 1307906 1366758 2575695 2255263 8911999 1406377 1307906 1366758 2575695 2255263 8911999 708730 576364 266264 560508 233817 2345683 41406621 45740333 52980430 38677232 44623489 223428105 0.89280 0.86430 0.03990 0.03040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 708,730. 2012 AMOUNT: $ 576,364. 2013 AMOUNT: $ 266,264. 2014 AMOUNT: $ 509,680. 2015 AMOUNT: $ 233,817. CELL PHONE TOWER REVENUE - 2011 AMOUNT: $ 0. 2012 AMOUNT: $ 0. 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 50,828. 2015 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 146000113 6578079 -4157069 9111637 139309486 151676248 3119789 2580194 11373118 146000113 140394581 16693092 11074871 16486296 151676248 134418489 12286942 8122184 14433034 140394581 131023770 12372930 -4798880 4179331 134418489 0.22780 0.29350 0.47870 1 0 963362 963362 106536209 30193516 76342693 45775135 34243233 11531902 5261588 4144462 1117126 89955083 LONG/SHORT EQUITY HEDGE 7671155 F EVENT-DRIVEN HEDGE 3373508 F DISTRESSED DEBT HEDGE 3754583 F PRIVATE EQUITY 5599271 F 20398517 INTEREST RATE SWAP AGREEMENT 6028082 ANNUITY GIFT LIABILITY 863987 POOLED INCOME FUND LIABILITY 121757 GIFT CERTIFICATES 32228 DUE TO REGION 5 HISTORY FUND 7813 7053867 X 40407318 -6226278 -343378 -6569656 46976974 427260 -5955022 -5527762 41449212 53466411 0 53466411 427260 -5955022 -5527762 47938649 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 IN 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 77 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE BOARD OF REGENTS APPROVES SPENDING ON PROGRAM RESTRICTED ENDOWMENTS AS PART OF ITS ANNUAL BUDGET APPROVAL PROCESS. IN ADDITION, THE BOARD OF REGENTS 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 TOWARDS THE NEW LIBRARY'S CONSTRUCTION AND INITIAL OPERATING EXPENDITURES. PART X, LINE 2: THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, 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 -218,200. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -125,178. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -191,446. COST OF GOODS SOLD -5,763,576. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -191,446. COST OF GOOD SOLD -5,763,576. X X X X X X 1 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK SUIT BRAINTREE MA 02184 DIRECT MAIL 0 2099248 1232208 867040 THE LUCKENS COMPANY 2800 SHIRLINGTON ROAD 9TH FLOOR ARLINGTON VA 22206 DIRECT MAIL 0 129477 76000 53477 2228725 1308208 920517 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC DISCUS 491955 392955 99000 0 0 10115 54323 FOUNDERS 238638 212138 26500 0 14166 4843 10383 2 269796 227366 42430 57716 11525 28375 1000389 832459 167930 71882 26483 93081 191446 -23516 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FOR THE YEAR ENDED DECEMBER 31, 2015, THE ASSOCIATION PAID MAGNET DIRECT A TOTAL OF $1,160,547 OF WHICH $147,725 WAS FOR FUNDRAISING EXPENSES. ALSO NOTE THE ASSOCIATION CONDUCTS EDUCATION PROGRAM ACTIVITIES THAT INCLUDE APPEALS FOR CONTRIBUTIONS, PRIMARILY DIRECT MAIL CAMPAIGNS, WHICH QUALIFY FOR ALLOCATION AMONG THE FUNCTIONS BENEFITED. THE ASSOCIATION PAID A TOTAL OF THE $1,088,823 FOR PROFESSIONAL FUNDRAISING SERVICES OF WHICH $484,367 AND $604,456 WAS RELATED TO PROGRAM AND FUNDRAISING ACTIVITIES, RESPECTIVELY. 1 ACCOKEEK FOUNDATION 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 526037288 501(C)(3) 20000 PROTECTION OF VIEWSHED UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 229044195 546001796 501(C)(3) 239480 PAPERS OF GEORGE WASHINGTON 2 0 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 0 0 0 0 0 0 0 0 0 CURTIS G VIEBRANZ PRESIDENT/CEO 355035 0 0 0 0 0 20900 0 6891 0 382826 0 0 0 PHILIP MANNO CHIEF FINANCIAL OFFICER 200245 0 0 0 0 0 15729 0 1332 0 217306 0 0 0 DOUGLAS BRADBURN FOUNDING DIRECTOR OF NAT'L LIBRARY 198838 0 0 0 0 0 7023 0 13019 0 218880 0 0 0 CAROL CADOU SVP HISTORIC PRESERVATION/COLLECTION 170522 0 0 0 0 0 12085 0 1188 0 183795 0 0 0 SUSAN MAGILL VICE PRESIDENT OF ADVANCEMENT 244834 0 0 0 0 0 18719 0 1668 0 265221 0 0 0 ROBERT SHENK SVP VISITOR ENGAGEMENT 218962 0 0 0 0 0 10553 0 13071 0 242586 0 0 0 JAMIE BOSKET VP GUEST EXPERIENCE DIVISION 137589 0 0 0 0 0 10863 0 5576 0 154028 0 0 0 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 131015 0 0 0 0 0 10794 0 12091 0 153900 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 GIVEN. SPOUSAL TRAVEL FOR THE PRESIDENT/CEO IS ALSO PROVIDED, BUT IS INCLUDED AS A TAXABLE FRINGE BENEFIT. 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 57 1965341 FMV 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 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, RAFFA, P.C., 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) RAFFA, P.C. REVIEWS THE FINAL DRAFT OF FEDERAL FORM 990 WITH THE AUDIT COMMITTEE; 4) THE FINAL DRAFT IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS 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 BOARD OF DIRECTORS, ADVISORY COMMITTEE MEMBERS, 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 CFO, AND TAKES ANY APPROPRIATE ACTION. 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, THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS REVIEWED AND APPROVED THE COMPENSATION STRUCTURE OF THE PRESIDENT/CEO. PRESIDNET/CEO COMPENSATION WAS COMPARED TO PUBLICLY AVAILABLE DATA ON SIMILAR SIZED ORGANIZATIONS IN THE NOT-FOR-PROFIT AND MUSEUM/HISTORIC SITES INDUSTRIES AS WELL AS MARKET DATA FOR THE WASHINGTON DC METRO AREA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN 2013. 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 AVAILABLE IN HARD COPY UPON SPECIFIC REQUEST. IN ADDITION, A 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 -125,178. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -218,200.