NORTH CAROLINA MUSEUM OF ART FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA MUSEUM OF ART FOUNDATION INC (EIN 23-7071511)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201341359349305309
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T12:29:02-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BATCHELOR TILLERY & ROBERTS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3605 GLENWOOD AVENUE SUITE 350 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27612 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237071511 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA MUSEUM OF ART FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % CATERRI M WOODRUM | InCareOfName |
| Name Control | NORT | NameControl |
| Phone | 9198396262 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 MAIL SERVICE CENTER | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 276994630 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CATERRI M WOODRUM | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 9196646753 | Phone |
| Date Signed | 2013-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RONALD A BATCHELOR | Name |
| Phone | 9197878212 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CATERRI M WOODRUM | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2110 BLUE RIDGE ROAD | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27607 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20839613 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NCARTMUSEUM.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1969 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE NORTH CAROLINA MUSEUM OF ART. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 189 | TotalNbrEmployees |
| Total Nbr Volunteers | 320 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 6267876 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9426334 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4160192 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5526445 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 650445 | InvestmentIncomePriorYear |
| Investment Income Current Year | 985585 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -34280 | OtherRevenuePriorYear |
| Other Revenue Current Year | -105090 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11044233 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15833274 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 328864 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4534487 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4758158 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 46551 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 17671 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1437244 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5181198 | OtherExpensePriorYear |
| Other Expenses Current Year | 6253599 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10091100 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11031428 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 953133 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4801846 | RevenuesLessExpensesCY |
| Total Assets BOY | 34668604 | TotalAssetsBOY |
| Total Assets EOY | 35788231 | TotalAssetsEOY |
| Total Liabilities BOY | 13589458 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10987258 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21079146 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 24800973 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE NORTH CAROLINA MUSEUM OF ART FOUNDATION INC.'S PRIMARY MISSION IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE NORTH CAROLINA MUSEUM OF ART. THE FOUNDATION IS PRIMARILY RESPONSIBLE FOR FUNDRAISING ON BEHALF OF THE MUSEUM AND 70% OF THE FUNDING REQUIRED TO OPERATE AND PROGRAM THE COMBINED (STATE AND FOUNDATION) ENTITY. IN ADDITION TO BEING THE PRIMARY FUNDRAISING ARM OF THE MUSEUM, THE FOUNDATION ALSO MANAGES A SIGNIFICANT MEMBERSHIP BASE FOR THE MUSEUM, AND OPERATES BOTH A RETAIL SHOP AND A FOOD SERVICE OPERATION FOR THE BENEFIT OF THE MUSEUM'S MEMBERS AND VISITORS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 7829023 | Expense |
| Grants | 0 | Grants |
| Revenue | 5526445 | Revenue |
| Description | The Museum of Art is partially supported by state appropriations that largely fund state staff positions and their related benefits, and a small portion of the operating costs of running the Museum. The North Carolina Museum of Art Foundation, Inc. provides the majority of financial support needed for education and curatorial programming of the Museum of Art including support for statewide and museum-based education programming, special traveling art exhibitions, supplemental art conservation funds, and public programming to include summer concerts and a year-round film series. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 264710 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | The North Carolina Museum of Art Foundation, Inc. provides additional support to the Museum of Art by cultivating donors for commissioned works of art and contributions for art acquisitions. All art purchased or commissioned is gifted by the Foundation to the North Carolina Museum of Art. A large majority of the artwork added to the State's art collection is gifted by the Foundation. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 8093733 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 156 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 189 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CATERRI M WOODRUM | NamePerson |
| Telephone Number | 9196646840 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4630 MAIL SERVICE CENTER | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 276994630 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| LAWRENCE J WHEELER | |||||||
| MUSEUM DIRECTOR | 55.0 | X | X | 238882 | 298577 | 40291 | |
| CATERRI M WOODRUM | |||||||
| CHIEF DEPUTY DIRECTOR & CFO | 60.0 | X | X | 234616 | 0 | 28432 | |
| R PAXTON BADHAM JR | |||||||
| TREASURER | 1.0 | X | X | 0 | 0 | 0 | |
| JEFFREY T BARBER | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| JAMES B BLACK III | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| SUZANNE REEVES BROOKS | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| MARION L JOHNSON CHURCH | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| JOSEPHINE R DARDEN | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| JOE DAVY | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| CLAY R DUNNAGAN | |||||||
| SECRETARY | 1.0 | X | X | 0 | 0 | 0 | |
| PHILIP G FREELON | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| RODNEY E GADDY | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| JOAN H GILLINGS | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| THOMAS L GIPSON | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| ANN B GOODNIGHT | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| WILLIAM T HOBBS II | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| BARRY LEFFLER | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| L RICHARDSON PREYER JR | |||||||
| VICE-PRESIDENT | 1.0 | X | X | 0 | 0 | 0 | |
| GRACE I ROBBINS | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| KIM D SAUNDERS | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| CHRISTY L SHAFFER | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| J ROBERT TYLER III | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| CHRISTOPHER R WEBSTER JR | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| MASON L WILLIAMS | |||||||
| PRESIDENT | 1.0 | X | X | 0 | 0 | 0 | |
| CAROLE WILSON | |||||||
| BOARD DIRECTOR | 1.0 | X | 0 | 0 | 0 | ||
| ELLEN D STONE | |||||||
| DIRECTOR DEVELOP. & MEMBERSHIP | 40.0 | 140593 | 0 | 25969 | X | ||
| DANIEL P GOTTLIEB | |||||||
| DIRECTOR - PLANNING & DESIGN | 40.0 | 152327 | 0 | 35458 | X | ||
| KATHRYN F YANDELL | |||||||
| MAJOR GIFTS OFFICER/CAMPGN DIR | 40.0 | 108523 | 0 | 16270 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 874941 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 298577 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 146420 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HUNTON WILLIAMS | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 405759 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 303845759 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | LEGAL SERVICES | DescriptionOfServices |
| Compensation | 103629 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Membership Dues | 1941297 | MembershipDues |
| Fundraising Events | 216419 | FundraisingEvents |
| Government Grants | 1014201 | GovernmentGrants |
| All Other Contributions | 6254417 | AllOtherContributions |
| Noncash Contributions | 694625 | NoncashContributions |
| Total Contributions | 9426334 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| PROGRAM FEES | 900099 | 2798097 | 2798097 | |
| MUSEUM SHOP SALES | 453220 | 883958 | 883958 | |
| CAFE SALES | 722100 | 1764171 | $1,764,171 | |
| OTHER OPERATING REVENUE | 900099 | 80219 | $80,219 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5526445 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 731249 | TotalRevenueColumn |
| Exclusion | $731,249 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1291 | TotalRevenueColumn |
| Exclusion | $1,291 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4946433 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4692097 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 254336 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 254336 | TotalRevenueColumn |
| Exclusion | $254,336 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 207861 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 216419 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 314242 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -106381 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15833274 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3682055 | RelatedOrExemptFunctionIncome |
| Exclusion | $2,831,266 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2000 | Total |
| Program Services | 2000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 720360 | Total |
| Program Services | 166063 | ProgramServices |
| Management And General | 278278 | ManagementAndGeneral |
| Fundraising | 276019 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3355589 | Total |
| Program Services | 2085222 | ProgramServices |
| Management And General | 542174 | ManagementAndGeneral |
| Fundraising | 728193 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148341 | Total |
| Program Services | 66127 | ProgramServices |
| Management And General | 42311 | ManagementAndGeneral |
| Fundraising | 39903 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248896 | Total |
| Program Services | 150152 | ProgramServices |
| Management And General | 30020 | ManagementAndGeneral |
| Fundraising | 68724 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 284972 | Total |
| Program Services | 172326 | ProgramServices |
| Management And General | 58572 | ManagementAndGeneral |
| Fundraising | 54074 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118495 | Total |
| Management And General | 118495 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28836 | Total |
| Management And General | 28836 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45508 | Total |
| Management And General | 45508 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17671 | Total |
| Fundraising | 17671 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66478 | Total |
| Program Services | 58787 | ProgramServices |
| Management And General | 7691 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 759967 | Total |
| Program Services | 611091 | ProgramServices |
| Management And General | 112165 | ManagementAndGeneral |
| Fundraising | 36711 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 334801 | Total |
| Program Services | 330506 | ProgramServices |
| Management And General | 3374 | ManagementAndGeneral |
| Fundraising | 921 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1763254 | Total |
| Program Services | 1577091 | ProgramServices |
| Management And General | 66457 | ManagementAndGeneral |
| Fundraising | 119706 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99852 | Total |
| Program Services | 75666 | ProgramServices |
| Management And General | -11148 | ManagementAndGeneral |
| Fundraising | 35334 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282491 | Total |
| Program Services | 268528 | ProgramServices |
| Management And General | 13963 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 194654 | Total |
| Program Services | 126089 | ProgramServices |
| Management And General | 29813 | ManagementAndGeneral |
| Fundraising | 38752 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126357 | Total |
| Program Services | 61321 | ProgramServices |
| Management And General | 51943 | ManagementAndGeneral |
| Fundraising | 13093 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255873 | Total |
| Program Services | 245396 | ProgramServices |
| Management And General | 10477 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67436 | Total |
| Program Services | 15953 | ProgramServices |
| Management And General | 51483 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15237 | Total |
| Program Services | 2873 | ProgramServices |
| Management And General | 12364 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| EARNED INCOME EXPENSE | 983452 | 981947 | 1046 | 459 |
| ART PURCHASES | 264710 | 264710 | ||
| PRODUCTION EXPENSES | 343669 | 335226 | 343 | 8100 |
| LECTURE, WORKSHOP & ARTISTS | 343651 | 342851 | 800 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158878 | Total |
| Program Services | 153808 | ProgramServices |
| Management And General | 5486 | ManagementAndGeneral |
| Fundraising | -416 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11031428 | Total |
| Program Services | 8093733 | ProgramServices |
| Management And General | 1500451 | ManagementAndGeneral |
| Fundraising | 1437244 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4035002 | BOY |
| EOY | 4642895 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1204987 | BOY |
| EOY | 583653 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3467556 | BOY |
| EOY | 3368302 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1101258 | BOY |
| EOY | 1083758 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 272931 | BOY |
| EOY | 280819 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 683388 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 543060 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128787 | BOY |
| EOY | 140328 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19806421 | BOY |
| EOY | 21871793 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4651662 | BOY |
| EOY | 3816683 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34668604 | BOY |
| EOY | 35788231 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7473847 | BOY |
| EOY | 6321097 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5436361 | BOY |
| EOY | 4666161 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 679250 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13589458 | BOY |
| EOY | 10987258 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179655 | BOY |
| EOY | 694138 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3420969 | BOY |
| EOY | 4475590 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17478522 | BOY |
| EOY | 19631245 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21079146 | BOY |
| EOY | 24800973 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34668604 | BOY |
| EOY | 35788231 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4801846 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1080019 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7218777 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6870773 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8364809 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5267880 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8426338 | CurrentTaxYear |
| Total | 36148577 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6000000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 916663 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 999996 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 999996 | CurrentTaxYearMinus1Year |
| Current Tax Year | 999996 | CurrentTaxYear |
| Total | 9916651 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13218777 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7787436 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9364805 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6267876 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9426334 | CurrentTaxYear |
| Total | 46065228 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 7864635 | AmountsSubstContributorsTotal |
| Public Support Total170 | 38200593 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 815333 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 539589 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 494626 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 562235 | CurrentTaxYearMinus1Year |
| Current Tax Year | 732540 | CurrentTaxYear |
| Total | 3144323 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 49209551 | TotalSupport |
| Gross Receipts From Admissions Etc | 15777219 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.77628 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.83359 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $45,508 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 45508 | TotalLobbyingExpendituresIIB |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING ACTIVITY EXPLANATION | Identifier |
| Return Reference | SCHEDULE C, PART II-B, LINE 1G | ReturnReference |
| Explanation | DURING THE FISCAL YEAR ENDED 6/30/2012 $44,240 WAS PAID TO THE LAW FIRM OF SMITH, ANDERSON, BLOUNT, DORSETT, MITCHELL & JERNIGAN, LLP, AND $1,268 TO THE LAW FIRM OF K & L GATES, LLP, FOR LOBBYING ASSISTANCE IN SEEKING ADDITIONAL STATE AND LOCAL SUPPORT FOR THE NORTH CAROLINA MUSEUM OF ART. ACTIVITIES INCLUDED MEETING WITH AND CONTACTING GOVERNMENT OFFICIALS AND LEGISLATORS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20338889 | BeginningOfYearBalance |
| Contributions | 1653577 | Contributions |
| Investment Earnings Or Losses | -126098 | InvestmentEarningsOrLosses |
| Administrative Expenses | 64486 | AdministrativeExpenses |
| End Of Year Balance | 21801882 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16140753 | BeginningOfYearBalance |
| Contributions | 233065 | Contributions |
| Investment Earnings Or Losses | 4024665 | InvestmentEarningsOrLosses |
| Administrative Expenses | 59594 | AdministrativeExpenses |
| End Of Year Balance | 20338889 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12259509 | BeginningOfYearBalance |
| Contributions | 1972244 | Contributions |
| Investment Earnings Or Losses | 1956205 | InvestmentEarningsOrLosses |
| Administrative Expenses | 47205 | AdministrativeExpenses |
| End Of Year Balance | 16140753 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15625396 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -3328967 | InvestmentEarningsOrLosses |
| Administrative Expenses | 36920 | AdministrativeExpenses |
| End Of Year Balance | 12259509 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.84520 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15480 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 683388 | OtherCostOrOtherBasis |
| Depreciation | 543060 | Depreciation |
| Book Value | 140328 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 140328 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| PREPAID EXPENSES | 0 |
| CSV OF KEY-MAN LIFE INSURANCE | 59896 |
| DEPOSITS | 6357 |
| BOND ISSUANCE COSTS, NET | 27988 |
| PREPAID LOAN ISSUANCE COSTS | 0 |
| LONG TERM RECEIVABLE | 3722442 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 3816683 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Total Revenue | 15833274 | TotalRevenue |
| Total Expenses | 11031428 | TotalExpenses |
| Excess Or Deficit For Year | 4801846 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1080019 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1080019 | TotalAdjustments |
| Excess Or Deficit Per FS | 3721827 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15462586 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1080019 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 395089 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 314242 | OtherRevenues |
| Revenue Not Rptd F990 | -370688 | RevenueNotRptdF990 |
| Revenue Subtotal | 15833274 | RevenueSubtotal |
| Total Revenue Per Form990 | 15833274 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11740759 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 395089 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 314242 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 709331 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11031428 | ExpensesSubtotal |
| Total Expenses Per Form990 | 11031428 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES OF ENDOWMENT FUNDS | SCHEDULE D, PART V, LINE 4 | The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment. The investment policy was developed with the long-term interests of the endowment in mind and adheres to accepted investment and financial management principles. The investment policy is designed to ensure prudent management of the assets in order to serve the best long-term interests of the Foundation. The Foundation expects its endowment funds, over time, to provide a total real rate of return of 5%, net of fees, over a three-year rolling average. Actual returns in any given year may vary from this amount. |
| RECONCILIATION OF REVENUE - OTHER DIFFERENCES | SCHEDULE D, PART XII, LINE 2D | $314,242 FUNDRAISING EXPENSES INCLUDED IN FINANCIAL STATEMENT EXPENSES |
| RECONCILIATION OF EXPENSES - OTHER DIFFERENCES | SCHEDULE D, PART XIII, LINE 2D | $314,242 FUNDRAISING EXPENSES INCLUDED IN FINANCIAL STATEMENT EXPENSES |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | CAROL O'BRIEN ASSOCIATES | NameOfIndividual |
| Activity | CAP CAMPGN CONSULTING | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Amount Retained By Contractor | 17671 | AmountRetainedByContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 17671 | TotalRetainedByContractors |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ART AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 360819 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 207919 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 152900 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 375 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 12812 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 239174 | OtherDirectExpensesEvent1 |
| Name Of Event2 | JUDACIA GAL FD | NameOfEvent2 |
| Gross Receipts Event2 | 26395 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 26395 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 14633 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 1772 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 3 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 27640 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 8500 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 19140 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 0 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 8314 | FoodAndBeverageOtherEvents |
| Other Direct Expenses Other Events | 17297 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 414854 | GrossReceiptsTotal |
| Charitable Contributions Total | 216419 | CharitableContributionsTotal |
| Gross Revenue Total Events | 198435 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 375 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 35759 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 258243 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 294377 | DirectExpenseSummaryEvents |
| Net Income Summary | -95942 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAWRENCE J WHEELER | |||||||||||||
| 0 | 298577 | 211440 | 0 | 27442 | 0 | 21637 | 13724 | 2995 | 1935 | 263514 | 314236 | 0 | 0 |
| CATERRI M WOODRUM | |||||||||||||
| 214436 | 0 | 20000 | 180 | 18968 | 10644 | 264228 | 0 | 0 | 0 | ||||
| ELLEN D STONE | |||||||||||||
| 140077 | 0 | 0 | 516 | 11796 | 15353 | 167742 | 0 | 0 | 0 | ||||
| DANIEL P GOTTLIEB | |||||||||||||
| 151811 | 0 | 0 | 516 | 13368 | 23270 | 188965 | 0 | 0 | 0 | ||||
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | COMPENSATION INFORMATION | Identifier |
| Return Reference | SCHEDULE J, PART II | ReturnReference |
| Explanation | Dr. Lawrence J. Wheeler is the Director of the North Carolina Museum of Art, a state entity organized under the Department of Cultural Resources. The North Carolina Museum of Art Foundation, Inc. is a non-profit organization in support of the state museum. Given the common goals of these two organizations, Dr. Wheeler exercises significant influence relative to both entities and his primary compensation through the State of North Carolina is supplemented significantly by the North Carolina Museum of Art Foundation, Inc. (67%). In addition to salary supplements, the Foundation maintains a consulting agreement with Dr. Wheeler which provides additional compensation in exchange for his expertise and involvement in various fundraising activities, particularly as they relate to the cultivation and solicitation of collectors and donors. The most recent consulting agreement commenced on July 1, 2010 and is for a five year period ending June 30, 2015. Under this agreement, Dr. Wheeler receives annual consulting fees, certain bonus payments paid at the discretion of the Foundation Board, and the services of a third party financial planning consultant paid by the Foundation. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAKE CO INDUSTR FACIL & POLLUT CONTROL FINAN AUTH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 561352483 | IssuerEIN |
| Date Issued | 2008-01-24 | DateIssued |
| Issue Price | 7176605 | IssuePrice |
| Description Of Purpose | NC MUSEUM OF ART EXPANSION PROJECT | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 7176605 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 50000 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 7126605 | CapitalExpenditures |
| Other Spent Proceeds | 0 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 168 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 141793 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR DETERMINED FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 26 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 527491 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK QUOTE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EQUIPMENT | 1 | 13553 | FAIR MARKET VALUE |
| X | SUPPLIES | 8 | 9788 | FAIR MARKET VALUE |
| X | FURNITURE | 1 | 2000 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990 REVIEW PROCESS | FORM 990, PART VI - SECTION B, LINE 11B | The NCMA Foundation's governance includes an Audit Committee operating under a formal charter. The Audit Committee serves as an independent and objective party to monitor the Foundation's financial and compliance reporting process including oversight of the 990 tax filing as well as its internal control system. The Audit Committee meets with external auditors and Foundation management to review the results of the annual audit and related financial statements and reviews the full 990 tax filing prior to its submission. A copy of the 990 tax filing is made available to the full board for comment before filing. The 990 is also reviewed by chief legal counsel. |
| MONITORING CONFLICTS OF INTEREST | FORM 990, PART VI - SECTION B, LINE 12C | The Audit Committee also serves as the ethics committee for the Foundation, overseeing the whistleblower, records retention, conflicts of interest and confidentiality policies. The Audit Committee Chairman is the independent party to which employees and board members may report any ethics concerns or possible conflicts of interest. The Committee meets at least twice per year and more often as necessary. Potential conflicts of interest are reviewed with the Foundation's Chief Deputy Director and Chief Financial Officer as needed for resolution. An annual acknowledgement process occurs with all board members and staff whereby they formally certify receipt of all governance policies and agreement to comply with them. |
| PROCESS FOR DETERMINING COMPENSATION | FORM 990, PART VI - SECTION B, LINE 15 | The Personnel Committee of the Board of Directors has the primary governing responsibility of overseeing human resource matters and also works in conjunction with the Finance Committee as it relates to any financial impact of decisions taken. The Personnel Committee serves as an independent and objective party to monitor the Foundation's personnel, compensation, stipend and compliance processes as necessary. Their charter outlines specific responsibility for evaluating the performance of the Foundation's Chief employee (the Chief Deputy Director/ and Chief Financial Officer) and setting the senior employee's compensation level based on the results of this evaluation. The Museum Director is a state employee whose compensation is supplemented by the Foundation. The Director also has a consulting agreement with the Foundation under which he receives certain additional compensation upon Board discretion. The Personnel Committee's charter also outlines specific responsibility for evaluating the Museum Director's performance under this agreement and making recommendations to the full board with respect to compensation. To ensure any compensation recommendations are reasonable, the Personnel Committee meets and discusses annually the performance of both the Museum Director and the Foundation's Chief employee based upon specific goals and accomplishments outlined for the year. The Committee reviews the latest American Association of Museum's (AAM) annual salary survey as a basis for comparison of compensation reasonableness. The AAM survey provides benchmark data of US Museums by geographic area, population, and budget size for key museum positions. Final recommendations are submitted to the full board for approval and inclusion in the Foundation's operating budget. |
| MAKING INFORMATION AVAILABLE TO THE PUBLIC | FORM 990, PART VI - SECTION C, LINE 19 | The Foundation's Articles of Incorporation are on file with the North Carolina Secretary of State and are publicly available. The Foundation's other governing documents, conflict of interest policies and financial statements are not generally made available to the general public except by specific request for purposes clearly identified and approved by the board. All Foundation employees have access to these documents on a shared intranet drive and independent contractors are provided with certain of these documents as appropriate to their legal relationship with the Foundation (example, conflicts of interest policy and sexual harassment policy) as specifically approved by the Board or as required for tax exempt organizations. The Foundation's latest 990 tax filing is posted on a public website, Guidestar. |
| RECONCILIATION OF NET ASSETS | FORM 990, PART XI, LINE 5 | -$1,080,019 NET UNREALIZED LOSS ON INVESTMENTS |
Comments