2015-11-16T13:35:17-06:00 2014-12-31 362663249 WEISS & COMPANY LLP 2700 PATRIOT BOULEVARD - SUITE 400 GLENVIEW IL 60026 990 2014-01-01 363277311 THE MUSEUM OF BROADCAST COMMUNICATIONS MUSE 3122458200 360 NORTH STATE STREET CHICAGO IL 606545411 BRUCE DUMONT PRESIDENT 3122458200 2015-11-13 1 DANIEL A FORTMAN P00358090 8474418800 2014 2016-02-25 16:41:14Z BRUCE DUMONT 360 NORTH STATE STREET CHICAGO IL 606545411 1238367 0 X WWW.MUSEUM.TV X 1983 IL COLLECT, PRESERVE AND INTERPRET HISTORICAL DOCUMENTATION FROM THE FIELDS OF RADIO AND TELEVISION. 13 12 0 5 40707 0 451410 818232 79130 75684 11 3 -227461 -86367 303090 807552 0 0 0 0 42398 28462 0 0 207782 977286 978828 1019684 1007290 -716594 -199738 16969535 16664120 4466584 4360907 12502951 12303213 X THE MISSION OF THE MUSEUM OF BROADCAST COMMUNICATIONS (MBC) IS TO COLLECT, PRESERVE, AND PRESENT HISTORIC AND CONTEMPORARY RADIO AND TELEVISION CONTENT AS WELL AS EDUCATE, INFORM, AND ENTERTAIN THE PUBLIC THROUGH ITS ARCHIVES, PUBLIC PROGRAMS, SCREENINGS, EXHIBITS, PUBLICATIONS AND ONLINE ACCESS TO ITS RESOURCES. 0 0 576510 60120 MUSEUM - TO MAINTAIN A MUSEUM OF BROADCAST MEDIA OPEN TO THE PUBLIC. 15331 26687 ARCHIVES - RESEARCH, COLLECTION, PRESERVATION AND DIGITIZATION OF MEDIA. 26160 27804 EDUCATIONAL PUBLIC PROGRAMS - TO HOST PUBLIC PROGRAMS RELATED TO THE ORGANIZATIONS MISSION. 618001 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 0 1 1 0 0 0 0 1 1 0 0 X 13 12 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 IL X VITO FERRARA 3122458200 360 N STATE ST CHICAGO IL 60654 BRUCE DUMONT PRESIDENT & CEO 55.00 X X 18462 0 0 DAVID BART VICE PRESIDENT & TREASURER 1.00 X X 0 0 0 DAVID PLIER VICE PRESIDENT & SECRETARY 1.00 X X 0 0 0 JENNIFER ANDERSON VICE PRESIDENT 1.00 X X 0 0 0 RICHARD FLEMING VICE PRESIDENT 1.00 X X 0 0 0 JACK WEINBERG VICE PRESIDENT 1.00 X X 0 0 0 DENNIS GREEN DIRECTOR 1.00 X 0 0 0 KRAIG T KITCHIN DIRECTOR 1.00 X 0 0 0 DAVID KOVACH DIRECTOR 1.00 X 0 0 0 MICHAEL SHMARAK DIRECTOR 1.00 X 0 0 0 CHARLEY STEINER DIRECTOR 1.00 X 0 0 0 LARRY WERT DIRECTOR 1.00 X 0 0 0 KAROLE L WHITE DIRECTOR 1.00 X 0 0 0 18462 0 0 0 0 0 0 0 7397 163672 647163 120179 818232 MUSEUM & EVENTS 713990 75684 75684 75684 3 3 1109 1109 306566 259538 47028 47028 47028 23953 163672 152136 -128183 -128183 12820 19141 -6321 -6321 807552 76793 40707 -128180 X 28462 28462 54375 54375 118723 50886 42036 25801 161 161 18900 1657 6629 10614 26355 3269 19817 3269 112379 68756 11243 32380 5209 209 5000 495293 379890 29743 85660 15319 9375 1532 4412 REPAIRS AND MAINTENANCE 57341 51798 5543 UTILITIES 43432 24325 6923 12184 PUBLIC PROGRAMS 26160 26160 OTHER 5181 1724 3457 1007290 618001 181507 207782 35753 74783 60000 225670 15600 27308 3342 3342 41072 31232 18464431 2165853 16791240 16298578 22528 3207 16969535 16664120 1327642 1497516 2082 2082 3086348 2860445 50512 864 4466584 4360907 X 12486779 12042543 16172 260670 12502951 12303213 16969535 16664120 -199738 0 X 0 1 X 0 0 X 6317851 998745 1261815 451410 818232 9848053 214706 1138 70667 79130 112457 478098 6532557 999883 1332482 530540 930689 10326151 0 0 0 10326151 1408 11120 14595 3983 1112 32218 1408 11120 14595 3983 1112 32218 10162 47028 57190 6544127 1011003 1347077 534523 978829 10415559 0.99140 0.99420 0.00310 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2922034 2922034 13248824 1352870 11895954 509158 383752 125406 1784415 429231 1355184 16298578 CREDIT CARD LIABILITY 864 864 X 1935192 696826 430814 1127640 807552 0 807552 2134930 696826 430814 1127640 1007290 0 1007290 PART III, LINE 1A: IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE ORGANIZATION HAS ELECTED NOT TO CAPITALIZE DONATIONS OF HISTORICAL BROADCASTING ITEMS THAT ARE ADDED TO COLLECTIONS HELD FOR PUBLIC DISPLAY. PART X, LINE 2: PART X, LINE 2: THE ORGANIZATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND THEREFORE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATION FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: E-COMMERCE EXPENSE/COGS 19,140. VENUE RENTAL EXPENSES 1,492. DEPRECIATION - RENTAL 145,899. OCCUPANCY - RENTAL 55,201. INSURANCE - RENTAL 7,514. REPAIRS AND MAINTENANCE - RENTAL 28,128. UTILITIES - RENTAL 21,304. DIRECT FUNDRAISING 152,136. PART XII, LINE 2D - OTHER ADJUSTMENTS: E-COMMERCE EXPENSE/COGS 19,140. VENUE RENTAL EXPENSES 1,492. DEPRECIATION - RENT 145,899. OCCUPANCY - RENTAL 55,201. INSURANCE - RENTAL 7,514. REPAIRS AND MAINTENANCE - RENTAL 28,128. UTILITIES - RENTAL 21,304. DIRECT FUNDRAISING 152,136. PART III, LINE 1A THE MUSEUM DOES NOT CAPITALIZE DONATIONS OF HISTORICAL BROADCASTING ITEMS THAT ARE ADDED TO OR HELD IN COLLECTION. PART III, LINE 4 ARTIFACTS AND MEDIA FROM RADIO AND TELEVISION WHICH REQUIRE PRESERVATION AND OFFER HISTORICAL RESEARCH AND EDUCATIONAL EXHIBITRY. RADIO HALL OF FAME 98937 81624 17313 19098 41075 47259 TV SALUTE 88688 82048 6640 28613 4325 11766 1 187625 163672 23953 47711 45400 59025 152136 -128183 BRUCE DUMONT PRESIDENT EXPENSE REIMBURSEMENT X 3342 3342 0 0 0 3342 X RADIO EQUIPMENT 3 50040 FAIR MARKET VALUE X EXHIBIT MATERIALS 4 41526 FAIR MARKET VALUE X FOOD FOR CATERING 1 28613 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE OF THE ORGANIZATION HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER AND THE PRESIDENT REVIEW A DRAFT OF FORM 990, ANY ISSUES ARE DISCUSSED WITH THE PREPARER AND THEN THE FINAL RETURN IS ISSUED AND THE PRESIDENT SIGNS. AT THE NEXT BOARD OF DIRECTORS MEETING THE TREASURER WILL PRESENT THE FORM 990. ANY QUESTIONS WILL BE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOOKKEEPER DISTRIBUTES THE DISCLOSURE DOCUMENTS, WHICH ARE COMPLETED AND SIGNED BY THE BOARD. THE SIGNED DOCUMENTS ARE MAINTAINED IN FILE WITH THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE GIVES THE RECOMMENDATION TO THE BOARD OF DIRECTORS, BY AFFIRMATIVE VOTE OF A MAJORITY OF DIRECTORS THEN IN OFFICE AND IRRESPECTIVE OF ANY PERSONAL INTEREST OF ANY DIRECTOR, SHALL HAVE AUTHORITY TO ESTABLISH REASONABLE COMPENSATION OF ALL OFFICERS FOR THEIR SERVICES. NO OFFICER SHALL BE PREVENTED FROM RECEIVING SUCH COMPENSATION BY REASON OF BEING A DIRECTOR OR MEMBER. ALSO, THE PRESIDENT AND OTHER STAFF MEMBERS' COMPENSATION IS OUTLINED IN THE BUDGET, WHICH IS REVIEWED BY THE DIRECTORS AT THE DECEMBER ANNUAL MEETING, AND APPROVED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 50,886. MANAGEMENT AND GENERAL EXPENSES 42,036. FUNDRAISING EXPENSES 25,801. TOTAL EXPENSES 118,723.