2015-11-13T08:58:02-06:00 2015-06-30 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2014-07-01 311620682 MONTPELIER FOUNDATION INC MONT 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 5406722728 2015-10-30 1 MATTHEW J DEAN P00961509 4342962156 2014 2016-03-07 17:11:31Z DR SEAN T O'BRIEN PO BOX 67 MONTPELIER STATION VA 22957 21517280 0 X WWW.MONTPELIER.ORG X 1998 VA TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 22 22 162 70 5741 -103 1157786 18941321 475118 1447133 334198 441638 198405 387359 2165507 21217451 0 0 0 0 1847147 4749278 0 0 1238179 2107457 4943390 3954604 9692668 -1789097 11524783 32020928 43197946 10217612 10472419 21803316 32725527 THE MONTPELIER FOUNDATION'S PRIMARY MISSION IS TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 0 0 6238383 1459310 OPERATE AND MAINTAIN THE MANSION AND GROUNDS TO ALLOW THE PUBLIC THE OPPORTUNITY TO VISIT AND LEARN ABOUT THE LIFE AND HISTORY OF JAMES MADISON. DURING THE YEAR ENDED JUNE 30, 2015, APPROXIMATELY 64,000 PEOPLE VISITED JAMES MADISON'S MONTPELIER. 553075 ACQUIRE AND PRESERVE CURATORIAL OBJECTS APPROPRIATE TO THE PERIOD AND CONDUCT RESEARCH AND EDUCATIONAL PROGRAMS ABOUT MADISON ERA. DURING THE YEAR ENDED JUNE 30, 2015, THE FOUNDATION BEGAN THE PROCESS OF RESEARCHING, DESIGNING, AND REBUILDING THE BUILDINGS THAT WERE LOCATED IN THE SOUTH YARD OF THE MONTPELIER MANSION DURING THE MADISION'S RETIREMENT YEARS. THESE BUILDINGS INCLUDE SLAVE QUARTERS, SMOKEHOUSES, AND THE SOUTH KITCHEN. 720853 210384 PROVIDE HIGH-QUALITY CONSTITUTIONAL EDUCATION FOR EDUCATORS, JOURNALISTS, ELECTED OFFICIALS, LAW ENFORCEMENT, JUDGES, INTERNATIONAL VISITORS, AND BUSINESS LEADERS 7512311 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 67 0 162 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 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 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 X THE MONTPELIER FOUNDATION INC 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 MRS FLORENCE BRYAN FOWLKES DIRECTOR 2.00 X 0 0 0 MS NANCY N CAMPBELL CHAIRMAN 2.00 X X 0 0 0 MR STEPHEN T MCLEAN DIRECTOR 2.00 X 0 0 0 MS CYNTHIA M REUSCHE DIRECTOR 2.00 X 0 0 0 MR JOHN J SPONSKI TREASURER 10.00 X X 0 0 0 MR GREGORY MAY DIRECTOR 10.00 X 0 0 0 MR ARTHUR H BRYANT JR SECRETARY 2.00 X X 0 0 0 MR DENNIS A KERNAHAN DIRECTOR 2.00 X 0 0 0 MS STEPHANIE K MEEKS DIRECTOR 2.00 X 0 0 0 MR LEIGH B MIDDLEDITCH JR DIRECTOR 2.00 X 0 0 0 DR EUGENE W HICKOK DIRECTOR 2.00 X 0 0 0 DR DENNIS M CAMPBELL DIRECTOR 2.00 X 0 0 0 MS ELLA D STRUBEL DIRECTOR 2.00 X 0 0 0 MRS GAIL SERFATY DIRECTOR 2.00 X 0 0 0 MR ROGER H MUDD DIRECTOR 2.00 X 0 0 0 MS PATRICIA CROWE DIRECTOR 2.00 X 0 0 0 PROFESSOR JACK N RAKOVE DIRECTOR 2.00 X 0 0 0 MR ROBERT A LEATH DIRECTOR 2.00 X 0 0 0 MR JOHN F MACON II DIRECTOR 2.00 X 0 0 0 MR FRANK QIU DIRECTOR 2.00 X 0 0 0 MS MARGARET H JORDAN DIRECTOR 2.00 X 0 0 0 PROFESSOR ALAN TAYLOR DIRECTOR 2.00 X 0 0 0 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 35.00 X 154908 0 37389 MS KAT IMHOFF PRESIDENT & CEO 35.00 X 186574 0 76000 MS KIMBERLY SKELLY EXECUTIVE VP FOR ADVANCEME 35.00 X 156258 0 37389 CHARLES D SMITH VP CONSTITUTION CENTER 35.00 X 107248 0 26869 604988 0 177647 4 0 1 0 THE FRONTIER PROJECT 3005 W MARSHALL STREET RICHMOND VA 23220 FILMING FOR ONLINE COURSES 187086 GAINES HANEY TA HANEY'S HOME IMPROVEMEN 193 W MAIN ST ORANGE VA 22960 CONSTRUCTION PROJECTS 138838 2 70758 161366 18709197 121548 18941321 ADMISSIONS 900099 1010073 1010073 CONSTITUTIONAL STUDIES 900099 210384 210384 226676 226676 1447133 441638 441638 159057 0 159057 159057 159057 53659 70758 53659 0 474472 246170 228302 222561 5741 21217451 1669694 5741 600695 404374 221483 100786 82105 3514025 2589724 350933 573368 604483 424590 72395 107498 226396 158931 27098 40367 51482 37531 6546 7405 33000 22973 9977 50 774063 662720 38534 72809 169935 144893 3421 21621 276820 181316 12878 82626 240295 178961 49670 11664 311213 297770 10621 2822 301295 255790 15626 29879 545812 356253 31108 158451 257835 244424 9976 3435 795337 644789 149043 1505 122218 115488 4586 2144 REPAIRS AND MAINTENANCE 651061 641949 8129 983 COLLETION PURCHASE AND 553074 551912 1012 150 OVERHEAD ALLOCATION 0 15555 -15399 -156 CAPITAL EXPENSE TRANSFE -460140 -453242 -6898 320090 218501 62136 39453 9692668 7512311 942178 1238179 2405536 1864698 204921 206902 299007 9803425 213803 267675 34619 48874 23092596 5854981 17708760 17237615 563185 574507 9419878 9044250 1171219 4150000 32020928 43197946 281509 498418 1926 5784 9100000 9100000 61406 148490 280875 491896 719727 10217612 10472419 X 12291637 10581137 7531679 19759276 1980000 2385114 21803316 32725527 32020928 43197946 X 11524783 -600362 -2210 X X 0 1 X 1 0 X 3881926 4006269 5155453 1157786 8941321 23142755 3881926 4006269 5155453 1157786 8941321 23142755 6429234 16713521 250787 252286 248857 124594 271745 1148269 24291024 7779498 0.68810 0.77780 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: SEE SCHEDULE O DATE: 10/31/14 AMOUNT: 10000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 9419878 250000 -177366 410395 37867 9044250 8732257 250000 654978 197860 19497 9419878 8032474 1157156 416427 40946 8732257 7488666 928211 340216 44187 8032474 7797020 60000 -62692 248532 57130 7488666 0.38000 0.25000 0.37000 1 0 136170 57215 78955 20663414 4477844 16185570 1660386 983380 677006 632626 336542 296084 17237615 NATIONAL TRUST POOLED INVESTMENTS 9044250 F 9044250 CONSTRUCTION IN PROGRESS 301354 UNAMORTIZED BOND ISSUANCE COSTS 115646 BENEFICIAL INTEREST IN TRUSTS 857195 CASH RESTRICTED FOR LONG TERM PURPOSES 2875805 4150000 CAPITAL LEASE PAYABLE 72901 ACCRUED WAGES AND VACATION 492421 SECURITY DEPOSITS 43851 OTHER LIABILITIES 110554 719727 X 20236161 -600362 51449 -548913 20785074 432377 432377 21217451 9313950 53659 53659 9260291 432377 432377 9692668 PART III, LINE 1A: CONTRIBUTIONS AND EXPENDITURES FOR WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED AS AN ASSET IN ACCORDANCE WITH ACCOUNTING STANDARDS. COST FOR IMPROVEMENTS TO AND RESTORATION OF THE HISTORIC BUILDINGS AND GROUNDS ARE EXPENSED WHEN INCURRED IN ACCORDANCE WITH ACCOUNTING STANDARDS. PART III, LINE 4: THE FOUNDATION'S COLLECTIONS CONSIST OF PERIOD FURNITURE, ART WORK, AND OTHER HOUSEHOLD ITEMS WHICH ARE DISPLAYED IN THE HOME OF JAMES AND DOLLEY MADISON. THESE DISPLAYS ALLOW VISITORS TO BETTER UNDERSTAND THEIR STYLE AND INTERESTS AND GLEAN AN APPRECIATION FOR WHAT LIFE WAS LIKE FOR THEM AT MONTPELIER. PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS -2,210. EXPENSES NETTED WITH REVENUE ON 990 53,659. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 432,377. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON 990 53,659. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 432,377. DOLLEY MADISON LEGACY LUNCHEON 124417 70758 53659 22702 24253 6704 0 124417 70758 53659 22702 24253 6704 53659 0 X 1 1 X 0 0 0 0 0 0 0 0 0 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 154908 0 0 0 0 0 37389 0 0 0 192297 0 0 0 MS KAT IMHOFF PRESIDENT & CEO 186574 0 0 0 0 0 44000 0 32000 0 262574 0 0 0 MS KIMBERLY SKELLY EXECUTIVE VP FOR ADVANCEME 156258 0 0 0 0 0 37389 0 0 0 193647 0 0 0 PART I, LINE 1A THE FOUNDATION PROVIDES HOUSING FOR THE PRESIDENT. THIS HOUSING IS LOCATED ON THE FOUNDATION'S PROPERTY AND IS A CONDITION OF EMPLOYMENT FOR THE PRESIDENT. FOR THE YEAR ENDED JUNE 30, 2015, THE ESTIMATED MARKET VALUE OF THE HOUSING PROVIDED IS $32,000. A EDA OF THE COUNTY OF ORANGE VIRGINIA 521304240 2013-06-27 9100000 REFUND OF ISSUER'S $9,100,000 VARIABLE RATE TAX EXEMPT BOND ISSUED 12/16/04 0 0 0 A 9100000 9100000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 22 121548 FAIR MARKET VALUE X 14 0 NOT APPLICABLE 1 0 1 1 PART I, LINE 32B: THE MONTPELIER FOUNDATION USES WELLS FARGO ADVISORS AS THEIR BROKER TO RECEIVE AND LIQUIDATE SECURITIES DONATED TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 ON BEHALF OF THE BOARD, THE FINANCE COMMITTEE RECEIVES, REVIEWS, AND DISCUSSES THE 990 WITH MANAGEMENT AND THE INDEPENDENT AUDITORS. SUBSEQUENT TO THAT, THE FOUNDATION PROVIDES A DRAFT COPY OF THE 990 TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN DISTRIBUTED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS AND MANAGEMENT PERSONNEL. THROUGH THEIR CONSCIOUS EFFORTS DURING THE DECISION MAKING PROCESS, THE ORGANIZATION REFRAINS FROM ENTERING INTO TRANSACTIONS WHICH ARE IN VIOLATION OF THE POLICY. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES TO THE PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S BOARD OF DIRECTORS HAS A HUMAN RESOURCES COMMITTEE THAT DETERMINES COMPENSATION FOR THE PRESIDENT OF THE FOUNDATION. THE COMMITTEE REVIEWS THE COMPENSATION AMOUNTS PAID BY OTHER LOCAL HISTORICAL SITES AND NON-PROFITS BEFORE DETERMINING WHAT LEVEL TO SET COMPENSATION FOR THE FOUNDATION'S PRESIDENT. FOR OTHER OFFICERS AND KEY EMPLOYEES, SALARY RECOMMENDATIONS ARE MADE BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION'S 990 IS STORED ON FILE IN THE MAIN OFFICE. THE CUSTODIAN OF THE INFORMATION WILL FAX OR SEND ELECTRONICALLY THESE DOCUMENTS UPON A SPECIFIC REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION KEEPS A PUBLIC INFORMATION FILE IN THE MAIN OFFICE. THE CUSTODIAN OF THE DOCUMENTS WILL FAX OR SEND ELECTRONICALLY THESE DOCUMENTS UPON A SPECIFIC REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -2,210. FORM 990, PAGE 12, LINE 2C A DRAFT COPY OF THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO ACCEPTANCE. ALSO, THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTING OF THE INDEPENDANT AUDITORS AND OVERSIGHT OF THE AUDIT. 990 PART XI, LINE 2B THE FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED ANNUALLY ON A CONSOLIDATED BASIS. SUPPLEMENTAL CONSOLIDATING SCHEDULES, FOR WHICH A SEPARATE AUDIT REPORT IS ISSUED, ARE PROVIDED IN THE FINANCIAL STATEMENTS. SCHEDULE A, PART II IN A PRIOR PERIOD, THE FOUNDATION CHANGED ITS FISCAL YEAR FROM A CALENDAR YEAR TO A FISCAL YEAR ENDED JUNE 30. THE PAST FIVE PERIODS ON THE SCHEDULE A ARE AS FOLLOWS: 2014 - JULY 1, 2014 THROUGH JUNE 30, 2015 2013 - JANUARY 1, 2014 THROUGH JUNE 30, 2014 2012 - JANUARY 1, 2013 THROUGH DECEMBER 31, 2013 2011 - JANUARY 1, 2012 THROUGH DECEMBER 31, 2012 2010 - JANUARY 1, 2011 THROUGH DECEMBER 31, 2011 SCHEDULE A, PART VI UNUSUAL GRANT RECEIVED DURING THE YEAR ENDED JUNE 30, 2015 THE FOUNDATION RECEIVED AN UNUSUAL GRANT IN THE FORM OF A PLEDGE IN THE AMOUNT OF 10,000,000. THE GRANT WAS RECEIVED FROM A PERSON WITH NO CONNECTION TO THE FOUNDATION FOR THE PURPOSE OF THE COMPLETION OF THE MANSION INTERIORS AND BUILD-OUT OF THE SOUTH YARD. THE CONTRIBUTION HAS NO MATERIAL RESTRICTIONS IN CONNECTION WITH THE TRANSFER. THE FOUNDATION HAS PREVIOUSLY CARRIED OUT AN ACTIVE PROGRAM OF PUBLIC SOLICITATION THAT HAS RESULTED IN SIGNIFICANT PUBLIC SUPPORT, AND HAS SATISFIED THE 33 1/3% PUBLIC SUPPORT TEST IN PRIOR YEARS WITHOUT THE EXCLUSION OF ANY UNUSUAL GRANTS. THE FOUNDATION REASONABLY EXPECTS TO ATTRACT SIGNIFICANT PUBLIC SUPPORT IN THE FUTURE. THE FOUNDATION'S GOVERNING BODY IS MADE UP OF A BROAD BASE OF INDIVIDUALS, INCLUDING THOSE THAT HAVE SPECIFIC KNOWLEDGE OF HISTORIC SITES AND OTHER PROFESSIONAL CAPABILITIES.