2016-11-15T06:55:28-06:00 2015-12-31 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2015-01-01 540505959 Thomas Jefferson Foundation Inc % LAURA B TERRY THOM 4349849800 PO Box 316 Charlottesville VA 22902 LAURA B TERRY VICE PRESIDENT & CFO 4349849859 2016-11-14 true MARC BERGER P01871563 7038930600 2015 2017-02-10 21:41:12Z Leslie Greene Bowman PO Box 316 Charlottesville VA 22902 43717280 false X www.monticello.org X 1923 VA The Thomas Jefferson Foundation's mission is to preserve Monticello and educate the widest audience regarding Thomas Jefferson including scholars and the general public. 17 16 453 272 408949 -348835 22113442 9866866 8584155 9424120 4774020 2727236 4567745 4728560 40039362 26746782 97810 108049 0 0 13365560 14260748 0 0 1698316 14048675 15304830 27512045 29673627 12527317 -2926845 312126696 306602549 38968377 38978237 273158319 267624312 X The Thomas Jefferson Foundation's mission is two-fold; Preservation - to conserve, protect, and maintain Monticello in a manner that leaves it enhanced and unimpaired for future generations. Education - to interpret and present Thomas Jefferson to the widest possible audiences, including scholars and the general public. false false 19645061 37000 13492068 The Thomas Jefferson Foundation operates Monticello, the home of the Nation's third President and author of the American Declaration of Independence. Over 435,000 people visit Monticello annually. Admission includes an interpretive guided tour of his home, one of our Country's foremost architectural masterpieces and the only home in America named to the United Nations World Heritage list. In addition to admission revenue the above total also includes gifts and grants, and sales from the retail operations of the museum shops, catalog and online store. The revenue contributes to the preservation of Monticello for future generations, which is one of the missions of the Foundation. The Foundation's Restoration Department is dedicated to the architectural preservation of the United Nations World Heritage house while the curatorial collections are under the care of a full-time Curatorial Department. 3314408 71049 The Thomas Jefferson Foundation operates the Robert H. Smith International Center for Jefferson Studies, which houses the Thomas Jefferson Library. The Center is also devoted to research and education of the general public as well as scholarly research and publication, through the Jefferson Library, archaeological research and publication, and other adult education programs. The robert h. smith international center for jefferson studies also is responsible for the research and publication of 23 volumes of research, The Papers of Thomas Jefferson, embracing the period from Jefferson's retirement from the Presidency in March 1809 until his death in 1826, known as the "Retirement Series". 22959469 true true false true false false false true false true true true false false true true true false false false true false true false false false false false true true true false false false false false false false false false true true false false false false false false false false true X 84 0 true 453 true true true false false false false true true false false false false X 17 16 false false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X LAURA B TERRY 4349849859 1050 MONTICELLO LOOP ROAD Charlottesville VA 22902 Donald A King Jr Chairman 5.0 0.0 X X 0 0 0 David R Goode Vice Chairman 1.0 0.0 X X 0 0 0 Libby H O'Connell Secretary 1.0 0.0 X X 0 0 0 John H Birdsall III Trustee 1.0 0.0 X 0 0 0 Dr LD Britt MD Trustee 1.0 0.0 X 0 0 0 J F Bryan IV Trustee 1.0 0.0 X 0 0 0 Mr Peter Coolidge Trustee 1.0 0.0 X 0 0 0 Harlan R Crow Trustee 1.0 0.0 X 0 0 0 Ginger Huang Dietrich Trustee 1.0 0.0 X 0 0 0 Fritz R Kundrun Trustee 1.0 0.0 X 0 0 0 Charles Longley Trustee 1.0 0.0 X 0 0 0 Richard A Mayo Trustee 1.0 0.0 X 0 0 0 Jon Meacham Trustee 1.0 0.0 X 0 0 0 Charlotte Moss Trustee 1.0 0.0 X 0 0 0 Pamela Reynolds Trustee 1.0 0.0 X 0 0 0 Gil Schafer III Trustee 1.0 0.0 X 0 0 0 Michelle Smith Trustee 1.0 0.0 X 0 0 0 Leslie Greene Bowman President 50.0 0.0 X 418026 0 74883 Ann H Taylor Executive Vice President 50.0 0.0 X 265160 0 22377 Laura B Terry Vice President & Chief Financi 50.0 0.0 X 210246 0 11606 Andrew J O'Shaughnessy Saunders Director - Robert H. 50.0 0.0 X 160233 0 14803 Susan R Stein Richard Gilder Curator & VP of 50.0 0.0 X 152368 0 13574 Kenneth L Mitchell Assistant Vice President 50.0 0.0 X 131749 0 13329 Gary L Sandling Vice President Visitor Service 50.0 0.0 X 130774 0 5657 John J Looney Editor, Thomas Jefferson Paper 50.0 0.0 X 128805 0 19391 Joshua J Scott Director of Development 50.0 0.0 X 125167 0 18744 1722528 0 194364 10 false true false FAULCONER CONSTRUCTION PO BOX 7706 CHARLOTTESVILLE VA 22906 CONSTRUCTION 2170804 W W ASSOCIATES INC PO BOX 4119 LYNCHBURG VA 24502 CONSTRUCTION 524033 TURNER WICKS CONSTRUCTION INC 227 DOUGLAS AVE CHARLOTTESVILLE VA 22902 CONSTRUCTION 348217 FREEPORT PRESS PO BOX 198 FREEPORT OH 43973 PRINTING 309823 DESIGN CUISINE 2659 SOUTH SHIRLINGTON RD ARLINGTON VA 22206 CATERING 291195 24 5900 39085 9821881 1546340 9866866 ADMISSION FEES 900099 8670752 8670752 OTHER PROGRAM INCOME 900099 552541 552541 EDUCATION PROGRAM 900099 87733 87733 FOOD SERVICE SALES 453220 113094 113094 9424120 938293 -138569 1076862 0 22535 22535 97633 0 97633 0 97633 97633 15100811 13311868 1788943 1788943 1788943 0 0 8267022 3658630 4608392 4060874 547518 0 26746782 13492068 408949 2978899 12000 12000 72049 72049 24000 24000 0 1206033 312601 893432 0 10346619 9410070 454108 482441 514568 425411 68240 20917 1340544 1143742 148579 48223 852984 737321 79185 36478 0 148336 35693 107611 5032 61360 61360 0 0 216866 216866 1559812 1099409 371357 89046 428688 405412 23276 1489693 1297738 128518 63437 481505 403068 55277 23160 388 388 616775 492475 111176 13124 1097955 534116 69374 494465 0 51693 37256 1829 12608 1087356 1087356 0 3932180 3035591 762625 133964 328022 328022 EQUIPMENT RENTAL 1476284 1309270 22648 144366 PRINTING AND PUBLICATIONS 905791 784704 18658 102429 CONSERVATION AND COLLECTIONS 829669 829669 SHIPPING AND HANDLING 497305 497305 95152 60181 6345 28626 29673627 22959469 5015842 1698316 0 0 16766226 11288157 17203163 11641247 142970 173468 0 0 0 0 0 0 1670903 2097092 677237 694773 96539597 26546882 70801937 69992715 39672466 39349164 164617458 170843153 0 0 0 0 574336 522780 312126696 306602549 2424659 2435821 0 0 0 0 29746000 29746000 0 0 0 0 0 0 0 0 6797718 6796416 38968377 38978237 X 161393656 158622359 71134748 66042114 40629915 42959839 273158319 267624312 312126696 306602549 X -2926845 -2762450 155288 X X false true X true false X 8449190 7767020 19509123 22113442 9866866 67705641 0 0 8449190 7767020 19509123 22113442 9866866 67705641 28877511 38828130 603298 941769 905453 1961985 1174495 5587000 0 109384 111203 116045 106917 113094 556643 73849284 77657731 0.52577 0.48340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 272 false false 272 false false Part II-B, Line 1G THOMAS JEFFERSON FOUNDATION LOBBIED IN SUPPORT OF THE PRESERVATION OF THE CHARLOTTE COUNTY VIRGINIA COURTHOUSE. X X X X false 124337717 69915086 -203455 6901405 187147943 118858771 2888639 5336479 2746172 124337717 109207525 1630894 10544536 2524184 118858771 102825900 1482521 7227122 2328018 109207525 100185452 2485325 2393349 2238226 102825900 0.64000 0.23000 0.13000 false false 14158145 14158145 58030199 13048995 44981204 113210 105795 7415 9923234 8063362 1859872 14314809 5328730 8986079 69992715 PRIVATE INVESTMENT COMPANIES 156297354 F INVESTMENT FUND RECEIVABLE 14545799 F 170843153 0 ANNUITY AND SPLIT-INTEREST LIABILITIES 756353 NET PENSION LIABILITY 2310727 INTEREST RATE SWAP LIABILITY 3729336 6796416 X 27431984 -2762450 2000 3662518 902068 26529916 216866 216866 26746782 32965991 32965991 216866 -3509230 -3292364 29673627 PART III, LINE 1A & 4 AFS Footnote 1 - Historic properties and collections: The Foundation has elected not to capitalize its historic properties and collections. These collections are related to Thomas Jefferson and his plantation home, Monticello. The most precious artifact in the collection is the house itself and the surrounding landscape, which were designed by Thomas Jefferson between 1769 and 1809. The curatorial collections chiefly consist of paintings, decorative arts and artifacts, approximately 2,600 of which relate directly to Jefferson and Monticello, and about 1,900 books with titles and editions selected to duplicate Jefferson's original library. About 40 of these volumes are Jefferson's own copies. The Foundation's restoration department is dedicated to the architectural preservation of the house, while the curatorial collections are under the care of a full curatorial department. The Foundation's collections are maintained for public exhibition, education, and research in order to advance understanding of Jefferson and Monticello in furtherance of public service. The Foundation's collections management policy requires that the proceeds from the sale of any artifact from the Foundation's collection would be used to acquire additional artifacts for the collection. The Foundation does not recognize the donations of collection items as contribution income, as the collections are not capitalized. PART V, LINE 1A - 1G THIS REFLECTS REVISED METHODOLOGY TO ALIGN THE ENDOWMENT FUNDS REPORTING TO MATCH THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. ADJUSTMENTS WERE MADE IN 2015 TO REFLECT THE REVISED METHODOLOGY OF ENDOWMENT FUND REPORTING. THESE ADJUSTMENTS ARE INCLUDED IN LINE 1B OF PART V: CONTRIBUTIONS 2,329,924 ADJUSTMENTS TO REFLECT REVISED METHODOLOGY 67,585,162 ----------- TOTAL 69,915,086 PART V, LINE 4 All Endowment investments are classified as noncurrent assets to recognize the Foundation's intent to continually reinvest earnings and preserve principal except to the extent of any annual withdrawals in accordance with the endowment spending policy. The Foundation has a policy of appropriating 5% of the three year trailing average of market values of endowment funds as of the preceding June 30. In establishing this policy, the Foundation considered its investment policy objective of attaining an average real return of 5%. Accordingly, over the long term, the spending policy will maintain the purchasing power of the endowment. PART X, LINE 2 THE FOUNDATION HAS NET OPERATING LOSS CARRYFORWARDS TOTALING MORE THAN $3 MILLION, WITH EXPIRATIONS RANGING FROM 2019 TO 2029. A 100% VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THIS DEFERRED TAX ASSET BECAUSE IT IS UNCERTAIN THAT THE CARRYFORWARDS REPRESENTS A FUTURE TAX BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS COST OF SALES 3,658,630 GAIN ON FIXED ASSET DISPOSAL 3,500 ROYALTIES IN COST OF SALES 388 --------- TOTAL 3,662,518 PART XII, LINE 4B - OTHER ADJUSTMENTS COST OF GOODS SOLD -3,658,630 UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACT 85,477 CHANGE IN PENSION LIABILITY 63,923 ---------- TOTAL -3,509,230 true Europe (Including Iceland and Greenland) 0 0 Program Services EO-SPONSORED TRIP 200732 Central America and the Caribbean 0 0 Investments 138730732 0 0 0 0 138931464 138931464 Robert H. Smith Int'l Center for Jefferson Studies East Asia and the Pacific 1 3000 CHECK Robert H. Smith Int'l Center for Jefferson Studies Europe (Including Iceland and Greenland) 5 15000 CHECK 0 Robert H. Smith Int'l Center for Jefferson Studies Middle East and North Africa 1 3000 CHECK 0 Robert H. Smith Int'l Center for Jefferson Studies Sub-Saharan Africa 1 3000 CHECK false false false false false false PART I, LINE 2 Grant expenditures receive an additional level of review before payment to ensure that the expenditure is consistent with grant and/or gift documents. Monthly reports are sent to grant program personnel to track total grant expenditures. true FELLOWSHIPS - ROBERT H. SMITH INTL CENTER 16 35000 Fellowships - Monticello Teacher Institute 32 25500 PART I, LINE 2 THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES FELLOWSHIP AWARDS ARE MADE TO DOCTORAL CANDIDATES AND POSTDOCTORAL SCHOLARS WORKING ON THOMAS JEFFERSON RELATED OR THOMAS JEFFERSON ERA PROJECTS. MOST ARE EXPECTED TO BE IN RESIDENCE AT THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHERE THEY HAVE ACCESS TO THE FOUNDATION'S EXPERT STAFF AND RESEARCH HOLDINGS AT THE JEFFERSON LIBRARY AS WELL AS THOSE OF THE UNIVERSITY OF VIRGINIA. POTENTIAL FELLOWS MUST SUBMIT A SUCCINCT DESCRIPTION OF THE RESEARCH PROJECT (500 WORDS), ONE-PARAGRAPH SUMMARY OF THE PROJECT AND A RESUME. AWARDS ARE MADE TWICE YEARLY. THE APPLCIATIONS ARE REVIEWED BY A SELECTION COMMITTEE CONSISTING OF SEVERAL FOUNDATION STAFF MEMBERS AND PROFESSORS AT THE UNIVERSITY OF VIRGINIA HISTORY DEPARTMENT. THE FELLOWSHIP AWARDS ARE GIVEN FOR THE MOST WORTHY PROPOSALS. THE MONTICELLO TEACHER INSTITUTE (MTI) FELLOWSHIP AWARDS ARE MADE TO FULL-TIME SOCIAL STUDIES TEACHERS. IN-TOWN ACCOMODATIONS and TRANSPORTATION ARE INCLUDED IN THE MTI FELLOWSHIP AWARD. POTENTIAL FELLOWS ARE CHOSEN BY A SELECTION COMMITTEE BASED ON EVIDENCE OF THE APPLICANT'S SUCCESS AS A TEACHER; DEMONSTRATION THAT THE FELLOWSHIP WILL RELATE TO THE TEACHING SKILLS AND NEEDS OF THE APPLICANT; AND THE COMMITMENT AND QUALIFICATIONS OF THE APPLICANT TO UNDERTAKE A CONCENTRATED STUDY RELATING TO THE LIFE AND TIMES OF THOMAS JEFFERSON, INCLUDING BASIC RESEARCH SKILLS, WRITING PROFICIENCY, AND COMPETENCY USING DIGITAL EDUCATION TOOLS AND TECHNOLOGY. PARTICIPANTS ARE ASKED TO SUBMIT A FINAL REPORT DETAILING THEIR FELLOWSHIP EXPERIENCE, AS WELL AS EDUCATIONAL MATERIALS SUITABLE FOR PUBLICATION ON MONTICELLO'S DIGITAL CLASSROOM WEBSITE. X X true true X X X X false true false false false false false false false Leslie Greene Bowman President 382138 0 17902 0 17986 0 33900 0 40983 0 492909 0 0 0 Ann H Taylor Executive Vice President 251750 0 12500 0 910 0 11394 0 10983 0 287537 0 0 0 Laura B Terry Vice President & Chief Financi 197001 0 12500 0 745 0 4730 0 6876 0 221852 0 0 0 Andrew J O'Shaughnessy Saunders Director - Robert H. 159640 0 0 0 593 0 9169 0 5634 0 175036 0 0 0 Susan R Stein Richard Gilder Curator & VP of 148618 0 3750 0 0 0 7299 0 6275 0 165942 0 0 0 PART I, LINE 1A THE FOUNDATION HAS A TRAVEL REIMBURSEMENT POLICY IN PLACE WHICH DETAILS TRAVEL ELIGIBLE FOR REIMBURSEMENT. ANY SUCH REQUEST MUST BE APPROVED BY THE EMPLOYEE'S SUPERVISOR. IN THE CASE OF THE FOUNDATION PRESIDENT ALL REIMBURSEMENTS ARE REVIEWED BY THE BOARD CHAIR. THE FOUNDATION REQUIRES MS. BOWMAN TO LIVE IN FOUNDATION PROVIDED HOUSING. VALUATION OF THE HOUSING PROVIDED IS ASSESSED BY AN INDEPENDENT THIRD-PARTY REALTOR. THE FOUNDATION COVERS A PORTION OF HEALTH CLUB MEMBERSHIP FOR ALL EMPLOYEES WHO ELECT SUCH MEMBERSHIP. PART I, LINE 4B Leslie Greene Bowman - $18,000 contribution to nonqualified deferred compensation plan A EDA OF ALBERMARLE COUNTY VIRGINIA 521297503 2011-12-20 29840000 SEE PART VI false false false A 0 0 29840000 0 0 0 0 0 0 0 0 0 2009 true false true true A false false false false 0 false false false true A true true false 0 false false false 0 false true A true PART I, LINE A(F) Current refunding of issuer's variable rate revenue bonds (Thomas Jefferson Foundation, Inc.), Series 2007, issued on June 27, 2007 to finance the costs of construction of a visitor center. MR RICHARD A MAYO TRUSTEE 204367 SEE PART V false SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: MR. RICHARD A. MAYO (D) DESCRIPTION OF TRANSACTION: THE FOUNDATION INVESTS IN MAYO INVESTMENT ADVISERS, LLC, A FUND MANAGED BY MR. MAYO, A MEMBER OF THE BOARD OF TRUSTEES. MAYO INVESTMENT ADVISERS CHARGED INVESTMENT MANAGEMENT FEES WHICH TOTALED $204,367 FOR 2015. MR. MAYO IS NOT A MEMBER OF THE FOUNDATION'S INVESTMENT COMMITTEE AND THEREFORE NOT INCLUDED IN THE INVESTMENT SELECTION AND APPROVAL PROCESS. X 35 1546340 FAIR MARKET VALUE 0 false true false FORM 990, PART VI, SECTION B, LINE 11B The Foundations form 990 is reviewed and approved by management and then forwarded to the Audit Committee for review. Upon approval by the Audit Committee, the Form 990 is distributed to all members of the Board of Trustees and then subsequently filed with the IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A WRITTEN "ETHICS POLICY AND CODE OF CONDUCT" WHICH REQUIRES THE BOARD OF TRUSTEES, EMPLOYEES, INTERNS, AND VOLUNTEERS TO ANNUALLY REVIEW THE POLICY AND DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTON B, LINES 15A AND 15B THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND UPPER MANAGEMENT ANNUALLY. THE FOUNDATION REGULARLY USES SALARY INFORMATION OBTAINED FROM THE FOLLOWING SALARY SURVEYS: ASSOCIATION OF ART MUSEUM DIRECTORS, QUATT NATIONWIDE MUSEUM AND CULTURAL INSTITUTION COMPENSATION SURVEY, AND THE QUATT NOT FOR PROFIT COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE REVIEWS THE SURVEY INFORMATION AS COMPARED WITH THE SALARY PAID TO OFFICERS AND UPPER MANAGEMENT, GIVES INPUT, AND APPROVES THE COMPENSATION. THE EXECUTIVE COMMITTEE HAS THE FINAL APPROVAL FOR ALL OFFICER AND KEY EMPLOYEE COMPENSATION. THE EXECUTIVE COMMITTEE DOCUMENTS ITS REVIEW AND APPROVAL WITHIN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT PUBLISH ITS ORGANIZATIONAL DOCUMENTS, "ETHICS POLICY AND CODE OF CONDUCT", AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9 CHANGE IN PENSION LIABILITY 63,923 UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT 85,477 RECONCILING ITEMS ON OTHER PROGRAM SERVICES 5,500 ROYALTIES INCLUDED IN COGS 388 ------- TOTAL 155,288 FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE WHICH CONSISTS OF INDEPENDENT TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE FOUNDATION'S AUDIT AND SELECTION OF AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. THE FOUNDATION CHANGED INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FROM BROWN, EDWARDS & COMPANY LLP TO BDO USA, LLP DURING 2015.