2014-10-27T07:20:25-05:00 2013-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2013-01-01 203985447 NEWSEUM INC % NEWSEUM INC NEWS 2022926100 555 PENNSYLVANIA AVENUE NW Suite WASHINGTON DC 20001 NICOLE MANDEVILLE SVP FINANCE 2022926100 2014-10-22 true Frank Giardini P00532355 2022926100 2013 2015-11-30 17:44:51Z Nicole Mandeville 555 Pennsylvania Avenue NW Washington DC 20001 62624477 false X WWW.NEWSEUM.ORG X 2005 DC THE NEWSEUM EDUCATES THE PUBLIC ABOUT THE VALUE OF A FREE PRESS IN A VALUE OF A FREE PRESS IN A FREE SOCIETY AND TELLS THE STORIES OF THE WORLD'S IMPORTANT EVENTS IN UNIQUE AND ENGAGING WAYS. 19 11 323 114 24486277 5983196 27920741 26268176 22406558 26614698 13460 27207 9358679 9679171 59699438 62589252 0 0 0 0 21107269 19216976 0 0 2605369 46914020 47723815 68021289 66940791 -8321851 -4351539 128147514 122834136 36661311 36268814 91486203 86565322 X SEE SCHEDULE O false false 13404980 8901737 The Museum Activities provide visitor services, exhibit development, and collections management. 10507770 15459398 The Conference Center Department provides catering and event planning for meetings and events. 5757224 The Marketing Department provides marketing and media relations support to maintain awareness of the Newseum. 5107685 4962446 NEWSEUM RESIDENTIAL 5035548 ENGINEERING 2380161 2226007 FOOD COURT 361418 PUBLICATIONS 27556 PROGRAMS 613964 SALES OF INVENTORY 15279 MISCELLANEOUS REVENUE 12884812 7845252 42554786 true true false false false false false true false false true false false true false true true true false false false false false false false false false false false true false false false false false true false true true false false false true true false false false true 158 0 true 323 true true true false false false false true true false false false false false X 19 11 false false false false true true false true true false false true true true true true true true true false DC X NEWSEUM INC 2022926100 555 PENNSYLVANIA AVENUE NW WASHINGTON DC 20001 X PETER PRICHARD CHAIRMAN/TRUSTEE 5.0 11.0 X X 21996 500 MICHAEL GARTNER TRUSTEE 5.0 1.0 X SHELBY COFFEY III FF TRUSTEE/VICE CHAIRMAN 5.0 X X 120000 MALCOLM KIRSCHENBAUM TRUSTEE 5.0 11.0 X 21996 BETTE BAO LORD TRUSTEE 5.0 11.0 X 12000 H WILBERT NORTON JR TRUSTEE 5.0 11.0 X 12000 WILLIAM STRONG TRUSTEE 5.0 X JUDY WOODRUFF TRUSTEE 5.0 10.0 X 9000 GEORGE IRISH TRUSTEE 5.0 X DAVID WESTIN TRUSTEE 5.0 X GARY GINSBERG TRUSTEE 5.0 X MICHAEL COLEMAN TRUSTEE 5.0 11.0 X 12000 STEVE CAPUS TRUSTEE 5.0 X JAMES C DUFF FF PRESIDENT/CEO 10.0 30.0 X X 583911 41430 MARGARET CARLSON TRUSTEE 5.0 X LESLIE HILL TRUSTEE 5.0 X MICHAEL MANESS TRUSTEE 5.0 X MICHAEL REGAN TRUSTEE 5.0 X ANTHONY WILLIAMS TRUSTEE 5.0 X PAUL SPARROW SVP BROADCASTING 40.0 X 232618 44721 JAMES THOMPSON SVP OPERATIONS 40.0 X 202581 34447 NICOLE MANDEVILLE FF SVP FINANCE 10.0 30.0 X 306152 37262 PAMELA GALLOWAY TABB SVP CONFERENCES 29.0 11.0 X 219486 34261 HOWARD BAKER SECRETARY 5.0 11.0 X BRUCE DOEG ASSISTANT SECRETARY 5.0 11.0 X JAMES UPDIKE SVP Technology 30.0 10.0 X 197320 43087 CATHY TROST VP EXHIBITS AND PROGRAMS 30.0 10.0 X 175530 25197 COURTNEY SURLS SVP DEVELOPMENT 29.0 11.0 X 371242 23803 ROBERT S WILLIAMS VP MARKETING 29.0 11.0 X 223086 18470 ANDREA T SHEPHERD DIRECTOR/EXECUTIVE PRODUCER 40.0 X 147614 27359 GEORGE O'CONNOR DIRECTOR/ENGINEERING 40.0 X 141318 19839 FRANK BOND PRODUCER 40.0 X 134595 7503 CORY LECKEY DIRECTOR/FACILITIES 40.0 X 124553 12427 STEPHEN BROWN MANAGER/TECHNICAL SERVICES 40.0 X 118860 15766 CHARLES OVERBY FF FORMER TRUSTEE X 1088809 28407 2408803 2067864 414479 21 true true false RESTAURANT ASSOCIATES 330 FIFTH AVENUE NEW YORK NY 10001 RESTAURANT MGT 597770 AMERICAN BUILDING MAINTENANCE PO BOX 8500 LOCKBOX 7401 PHILADELPHIA PA 191787401 Maintenance 1666437 ALLIED BARTON SECURITY SERVICES 161 Washington Street suite 600 CONSHOHOCKEN PA 19428 Security 1649885 SAUL SUBSIDIARY II LIMITED PARTNERS 7501 WISCONSIN AVE BETHESDA MD 20814 Real Estate Mgt 559143 PARTY RENTAL 275 NORTH STREET TEETERBORO NJ 07608 CATERING SUPPLIES 869615 25 22904093 3364083 211880 26268176 ADMISSIONS 900099 8818589 8818589 FACILITIES RENTAL AND CATERING 722320 15459398 15459398 EXHIBITS 900099 27556 27556 FOOD COURT 900099 2226007 2226007 PROGRAM AND PHOTOGRAPHY 900099 83148 83148 26614698 22817 22817 0 0 9049929 9049929 0 9049928 9026879 23049 19552 15162 4390 4390 4390 0 0 634027 20063 613964 613964 OTHER INCOME NEWSEUM 900099 15279 15279 15279 62589252 11784543 24486277 50256 0 0 0 0 1621863 850720 399901 371242 0 15422485 13179448 1864622 378415 309210 221746 64714 22750 1117515 791315 238729 87471 745903 534538 158636 52729 0 0 0 0 0 0 2304709 1945488 133891 225330 3953250 3941338 11912 4444103 3569390 709714 164999 420013 330650 89363 0 7250298 753354 6496944 90531 56912 16472 17147 0 148101 55436 2891 89774 3775929 3285410 326399 164120 0 12502409 9453470 2029459 1019480 161023 161023 OVERHEAD ALLOCATION 7090798 332369 6758429 PERSONAL PROPERTY TAXES 642458 642458 PRODUCT COST 1840485 1840485 UNRELATED BUS. INCOME TAXES 2489474 2489474 610234 609236 998 66940791 42554786 21780636 2605369 0 0 13323232 34418026 28612138 21518914 1072661 529072 0 0 0 0 0 0 0 0 286345 853976 62215209 7095517 56054957 55119692 0 0 0 0 0 0 0 0 28798181 10394456 128147514 122834136 1569917 1751621 0 0 2186316 2176408 0 0 0 0 0 0 32905078 32340785 0 0 0 0 36661311 36268814 X 65662998 65662998 25823205 20902324 0 0 91486203 86565322 128147514 122834136 X -4351539 -4233 -565109 X false true X true false X X X X false false false NEWSEUM INSTITUTE INC 200617900 02 true true true 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 23367716 23367716 36979639 6005128 30974511 756100 521956 234144 1111754 568433 543321 55119692 DUE FROM FREEDOM FORUM, INC. 8762200 DUE FROM NEWSEUM INSTITUTE 1335718 RESIDENT SECURITY DEPOSITS 78752 COST OF ISSUANCE NEWSEUM RES 379032 ACCUMULATED AMORTIZATION -161246 10394456 0 0 X 62567937 -4233 605026 -83393 517400 62050537 538715 538715 62589252 67488818 605026 -56999 548027 66940791 66940791 PART III, LINE 1a THE COMPANY ACQUIRES ITS COLLECTIONS, WHICH INCLUDE VARIOUS HISTORICAL DOCUMENTS AND ARTIFACTS, PRIMARILY BY DONATION OR LOAN, AS WELL AS OCCASIONAL PURCHASES. ALL COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. 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. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. SCHEDULE D, SECTION X Under the asset and liability method of FASB ASC Topic Income Taxes, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC Topic Income Taxes, the effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. As of December 31, 2013, the Company had a deferred tax asset of approximately $214,000 related to temporary differences in taxable rental income. There was no allowance booked against the deferred tax asset as of December 31, 2013, as the Company believes it is certain that the future tax benefit will be realized. The deferred tax asset is included with prepaid expenses and other assets in the accompanying consolidated statement of financial position. FASB ASC Topic Income Taxes provides authoritative guidance relating to accounting for uncertainty in income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's consolidated financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The Company performed an evaluation of uncertain tax positions for the year ended December 31, 2013, and determined that there were no matters that would require recognition in the consolidated financial statements or that may have any effect on its tax-exempt status. As of December 31, 2013, the statute of limitations for tax years 2010 through 2012 remains open with the U.S. federal jurisdiction or the various states and local jurisdictions in which the Company files tax returns. It is the Company's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. PART III, LINE 4 ALL COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH. Part XI, Line 2d Expense included as revenue on financial statement $56,999 Loss on Uncollectibles $26,394 Part XI, Line 4b Advance Rental Income $538,715 Part XII Line 2d Revenue included as expense on Financial Statement $56,999 X true true X X X X X false true false false false false false false false PAUL SPARROW SVP BROADCASTING 224000 8618 22490 22231 277339 JAMES THOMPSON SVP OPERATIONS 191000 11581 17500 16947 237028 CHARLES OVERBY FF FORMER TRUSTEE 50000 1038809 28407 1117216 NICOLE MANDEVILLE FF SVP FINANCE 294000 12152 23000 14262 343414 PAMELA GALLOWAY TABB SVP CONFERENCES 213000 6486 16784 17477 253747 JAMES UPDIKE SVP Technology 196000 1320 21168 21919 240407 CATHY TROST VP EXHIBITS AND PROGRAMS 165000 10530 22985 2212 200727 ANDREA T SHEPHERD DIRECTOR/EXECUTIVE PRODUCER 147740 -126 22501 4858 174973 GEORGE O'CONNOR DIRECTOR/ENGINEERING 140675 643 17500 2339 161157 JAMES C DUFF FF PRESIDENT/CEO 450000 112500 21411 22455 18975 625341 COURTNEY SURLS SVP DEVELOPMENT 370000 1242 17500 6303 395045 ROBERT S WILLIAMS VP MARKETING 225000 -1914 18470 241556 TRUSTEE/OFFICER COMPANION TRAVEL PART I, LINE 1A TRUSTEES/OFFICERS WITH COMPANION TRAVEL HAVE THE TRAVEL AMOUNT INCLUDED AS INCOME ON HIS OR HER FORM W-2 OR 1099, AS APPROPRIATE. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4B CHARLES OVERBY - $28,407 BRUCE C DOEG OFFICER 56874 PYMT OF LEGAL FEES to Law Firm false SHELBY COFFEY TRUSTEE 120000 PYMT OF CONSULTING FEES false ARMS LENGTH TRANSACTIONS THESE ARE ALL ARMS' LENGTH TRANSACTIONS DISCLOSED IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. ALL INTERESTED PERSONS HAVE RECUSED THEMSELVES FROM ANY DECISION-MAKING SURROUNDING THE DISCLOSURE. X 3 211880 false false false PART III, LINE 1 THE NEWSEUM EDUCATES THE PUBLIC ABOUT THE VALUE OF A FREE PRESS IN A FREE SOCIETY AND TELLS THE STORIES OF THE WORLD'S MOST IMPORTANT EVENTS IN UNIQUE AND ENGAGING WAYS. IN ITS PROMINENT LOCATION ON HISTORIC PENNSYLVANIA AVENUE IN WASHINGTON, D.C., THE NEWSEUM BLENDS 500 YEARS OF NEWS HISTORY, UP-TO-THE-SECOND TECHNOLOGY AND HANDS-ON EXHIBITS FOR A ONE-OF-A-KIND MUSEUM EXPERIENCE. PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF NEWSEUM, INC, IS NEWSEUM INSTITUTE, INC. PART VI, SECTION A, LINE 7A NEWSEUM INSTITUTE, INC. ELECTS ALL THE MEMBERS OF THE GOVERNING BODY OF NEWSEUM, INC. PART VI, SECTION B, LINE 11 THE NEWSEUM'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 IN A FORMAL PRESENTATION. A REPRESENTATIVE OF THE INDEPENDENT ACCOUNTING FIRM, WHO IS THE RETURN SIGNER, ATTENDS THE MEETING, PRESENTS THE RETURN, AND IS AVAILABLE TO ANSWER ANY QUESTIONS. THE AUDIT COMMITTEE PRESENTS ITS REPORT OF DELIBERATIONS TO THE FULL BOARD OF TRUSTEES AND MAKES THE 990 AVAILABLE TO ALL MEMBERS OF THE BOARD PRIOR TO THE FILING OF THE 990 WITH THE IRS. PART VI, SECTION B, LINE 12C EACH YEAR ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND AN INDEPENDENCE DISCLOSURE QUESTIONNAIRE. THEY ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE AND SUBMIT IT TO THE BOARD'S ASSISTANT SECRETARY WHO IS RESPONSIBLE FOR ENSURING THE RETURN OF ALL QUESTIONNAIRES. THE CONFLICT OF INTEREST POLICY PROVIDES DETAIL ON THE PROCEDURES TO BE USED IN ADDRESSING CONFLICTS AND ANY VIOLATIONS OF THE CONFLICT OF INTEREST POLICY. A COPY OF THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. PART VI, SECTION B, LINE 15 BIANNUALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES RETAINS THE SERVICES OF A THIRD PARTY INDEPENDENT CONSULTANT TO CONDUCT AN INTERMEDIATE SANCTIONS COMPLIANCE ANALYSIS FOR THE NEWSEUM TO ASSIST THE ORGANIZATION IN ITS EFFORTS TO COMPLY WITH INTERMEDIATE SANCTIONS LEGISLATION. THE METHODOLOGY EMPLOYED INCLUDES COLLECTING BASE SALARY AND TOTAL CASH COMPENSATION FROM NATIONAL PUBLISHED SURVEY SOURCES; CREATING PEER GROUPS CONSISTING OF SIMILAR-SIZED ORGANIZATIONS AND ANALYZING COMPETITIVENESS OF TOTAL CASH COMPENSATION FOR NON-PROFIT ORGANIZATIONS (USING FORM 990); COLLECTING CURRENT BENEFIT AND PERQUISITE OFFERINGS FROM NATIONAL PUBLISHED SURVEY SOURCES; UTILIZING NEWSEUM'S COMPENSATION PHILOSOPHY TO EVALUATE NEWSEUM'S COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE INTERMEDIATE SANCTIONS COMPLIANCE REPORT IN DETAIL AND ASCERTAINS THE REASONABLENESS OF THE NEWSEUM'S TOTAL REWARDS BASED ON THE THIRD PARTY ANALYSIS. THE COMMITTEE THEN AUTHORIZES THE USE OF THE SAFE HARBOR/REBUTTABLE PRESUMPTION AND APPROVES COMPENSATION, ALL OF WHICH IS DOCUMENTED IN CONTEMPORANEOUS WRITTEN MINUTES. PART VI, SECTION B, LINE 19 THE NEWSEUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, FORM 990 AND 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 9 LOSS ON UNCOLLECTIBLES, $(26,394) ADVANCE RENTAL INCOME, $(538,715) ---------- PART XI, LINE 9 TOTAL: $(565,109) NEWSEUM RESIDENCES LLC 565 PENNSYLVANIA AVENUE NW WASHINGTON DC 20001 208680315 APT RENTAL DC 4900383 57916951 Newseum Inc NEWSEUM INSTITUTE INC 1207 18TH STREET SOUTH NASHVILLE TN 37212 200617900 EDUCATION DC 501(c)(3) 2 FreedomForum false THE FREEDOM FORUM INC 555 PENNSYLVANIA AVENUE NW WASHINGTON DC 20001 541604427 EDUCATION DC 501(c)(3) PF NA false false false true false false false false false false false false false true true true true false false