NORTH CAROLINA MUSEUM OF ART FOUNDATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: NORTH CAROLINA MUSEUM OF ART FOUNDATION INC (EIN 23-7071511)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-14
IRS object ID: 201201359349305835
Schema version: 2010v3.7
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 I
Schedule J
Schedule K
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-14T16:23:56-04:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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)
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
Date Signed	2012-05-14	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	2010	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	11797561	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	24	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	24	NbrIndependentVotingMembers
Total Nbr Employees	169	TotalNbrEmployees
Total Nbr Volunteers	379	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	9364805	ContributionsGrantsPriorYear
Contributions Grants Current Year	6267876	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1692749	ProgramServiceRevenuePriorYear
Program Service Revenue CY	4160192	ProgramServiceRevenueCY
Investment Income Prior Year	640168	InvestmentIncomePriorYear
Investment Income Current Year	650445	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3399	OtherRevenuePriorYear
Other Revenue Current Year	-34280	OtherRevenueCurrentYear
Total Revenue Prior Year	11701121	TotalRevenuePriorYear
Total Revenue Current Year	11044233	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	7671894	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	328864	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4084461	SalariesEtcPriorYear
Salaries Etc Current Year	4534487	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	56986	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	46551	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	1394916	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4570190	OtherExpensePriorYear
Other Expenses Current Year	5181198	OtherExpensesCurrentYear
Total Expenses Prior Year	16383531	TotalExpensesPriorYear
Total Expenses Current Year	10091100	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-4682410	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	953133	RevenuesLessExpensesCY
Total Assets BOY	33366054	TotalAssetsBOY
Total Assets EOY	34668604	TotalAssetsEOY
Total Liabilities BOY	16734433	TotalLiabilitiesBOY
Total Liabilities EOY	13589458	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	16631621	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	21079146	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	6138795	Expense
Grants	245134	Grants
Revenue	4160192	Revenue
Description	The Museum of Art is partially supported by state appropriations that largely fund state staff positions and their related benefits, and a 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	194381	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.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	765627	Expense
Grants	83730	Grants
Revenue	0	Revenue
Description	In the prior fiscal year, the North Carolina Museum of Art completed a major expansion initiative, constructing a new 127,000 square foot gallery building to showcase its permanent collection. This innovative new building is surrounded by highly landscaped sculpture gardens and water pools funded entirely from private contributions that were provided as a grant from the North Carolina Museum of Art Foundation to the State of North Carolina. These contributions, largely in the form of pledges receivable, underpin a note and loan agreement with a local lending institution, the proceeds from which were granted by the Foundation to the State during the construction period to pay the cost of construction of these landscaped areas. The final grant to the State of North Carolina under this project agreement was $83,730 for the year ended June 30, 2011.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	7098803	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	true	LobbyingActivities
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	true	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	123	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	169	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	24	NbrVotingGoverningBodyMembers
Number Independent Voting Members	24	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	SHARON L FRANK	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

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (29 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	223541	298962	34061
CATERRI M WOODRUM
CHIEF DEPUTY DIRECTOR & CFO	65.0	X	X	247800	0	28491
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
JOSEPHINE R DARDEN
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 GIPSON
BOARD DIRECTOR	1.0	X		0	0	0
WILLIAM T HOBBS II
BOARD DIRECTOR	1.0	X		0	0	0
JOHN J JENKINS
BOARD DIRECTOR	1.0	X		0	0	0
JAMES Y KERR II
BOARD DIRECTOR	1.0	X		0	0	0
BARRY M LEFFLER
BOARD DIRECTOR	1.0	X		0	0	0
HARRIET B LONG
BOARD DIRECTOR	1.0	X		0	0	0
SUZANNE R MCKINNEY
BOARD DIRECTOR	1.0	X		0	0	0
MARC D OKEN
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
CHRISTY L SHAFFER
BOARD DIRECTOR	1.0	X		0	0	0
KIM D SAUNDERS
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
ROSEMARY WYCHE
BOARD DIRECTOR	1.0	X		0	0	0
ELLEN D STONE
DIRECTOR DEVELOP. & MEMBERSHIP	40.0			138493	0	23493	X
DANIEL P GOTTLIEB
DIRECTOR - PLANNING & DESIGN	40.0			131122	0	28805	X
KATHRYN F YANDELL
MAJOR GIFTS OFFICER/CAMPGN DIR	40.0			108716	0	15389	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	849672	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	298962	TotalReportableCompFrmRltdOrgs
Total Other Compensation	130239	TotalOtherCompensation
Number Individuals GT100 K	5	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Membership Dues	1645747	MembershipDues
Fundraising Events	232902	FundraisingEvents
Government Grants	1005794	GovernmentGrants
All Other Contributions	3383433	AllOtherContributions
Noncash Contributions	2174965	NoncashContributions
Total Contributions	6267876	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
PROGRAM FEES	900099	1785964	1785964
MUSEUM SHOP SALES	453220	803770	803770
CAFE SALES	722100	1513770		$1,513,770
OTHER OPERATING REVENUE	900099	56688		$56,688

Field	Value	IRS element (for citing)
Total Program Service Revenue	4160192	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	562235	TotalRevenueColumn
Exclusion	$562,235	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	2379	TotalRevenueColumn
Exclusion	$2,379	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	518294	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	430084	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	88210	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	88210	TotalRevenueColumn
Exclusion	$88,210	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	286585	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	232902	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	323244	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-36659	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	11044233	TotalRevenueColumn
Related Or Exempt Function Income	2589734	RelatedOrExemptFunctionIncome
Exclusion	$2,223,282	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	328864	Total
Program Services	328864	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	696456	Total
Program Services	161236	ProgramServices
Management And General	264260	ManagementAndGeneral
Fundraising	270960	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	3197994	Total
Program Services	1924650	ProgramServices
Management And General	570999	ManagementAndGeneral
Fundraising	702345	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	147081	Total
Program Services	78422	ProgramServices
Management And General	15941	ManagementAndGeneral
Fundraising	52718	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	239005	Total
Program Services	135112	ProgramServices
Management And General	37009	ManagementAndGeneral
Fundraising	66884	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	253951	Total
Program Services	154780	ProgramServices
Management And General	49073	ManagementAndGeneral
Fundraising	50098	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	54293	Total
Management And General	54293	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	32164	Total
Management And General	32164	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	63612	Total
Management And General	63612	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	46551	Total
Fundraising	46551	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	59594	Total
Program Services	52403	ProgramServices
Management And General	7191	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	242360	Total
Program Services	212655	ProgramServices
Management And General	20632	ManagementAndGeneral
Fundraising	9073	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	245098	Total
Program Services	234871	ProgramServices
Management And General	3904	ManagementAndGeneral
Fundraising	6323	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1424555	Total
Program Services	1147770	ProgramServices
Management And General	166451	ManagementAndGeneral
Fundraising	110334	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	83239	Total
Program Services	47430	ProgramServices
Management And General	15735	ManagementAndGeneral
Fundraising	20074	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	137132	Total
Program Services	77395	ProgramServices
Management And General	59737	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	108553	Total
Program Services	65385	ProgramServices
Management And General	-4288	ManagementAndGeneral
Fundraising	47456	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	114725	Total
Program Services	35261	ProgramServices
Management And General	69435	ManagementAndGeneral
Fundraising	10029	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	312035	Total
Program Services	277333	ProgramServices
Management And General	34702	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	55882	Total
Program Services	17572	ProgramServices
Management And General	38310	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	29872	Total
Program Services	2069	ProgramServices
Management And General	27803	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
ART PURCHASES	194381	194381
PRODUCTION EXPENSES	467185	457933	8528	724
LECTURE, WORKSHOP & ARTISTS	339002	315081	23921
EXHIBITION VENUE FEES	253400	253400
EARNED INCOME EXPENSE	762655	762333	322

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	201461	Total
Program Services	162467	ProgramServices
Management And General	37647	ManagementAndGeneral
Fundraising	1347	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	10091100	Total
Program Services	7098803	ProgramServices
Management And General	1597381	ManagementAndGeneral
Fundraising	1394916	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4492580	BOY
EOY	4035002	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	704910	BOY
EOY	1204987	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	5411050	BOY
EOY	3467556	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1041404	BOY
EOY	1101258	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	252894	BOY
EOY	272931	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	604411	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	475624	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	108571	BOY
EOY	128787	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	15929027	BOY
EOY	19806421	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5425618	BOY
EOY	4651662	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	33366054	BOY
EOY	34668604	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	8032584	BOY
EOY	7473847	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	6172599	BOY
EOY	5436361	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	2529250	BOY
EOY	679250	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	0	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	16734433	BOY
EOY	13589458	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	94536	BOY
EOY	179655	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-47140	BOY
EOY	3420969	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	16584225	BOY
EOY	17478522	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	16631621	BOY
EOY	21079146	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	33366054	BOY
EOY	34668604	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	953133	ReconcilationRevenueExpenses
Reconcilation Other Changes	3494392	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	14815436	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	7218777	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	6870773	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	8364809	CurrentTaxYearMinus1Year
Current Tax Year	5267880	CurrentTaxYear
Total	42537675	Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	6000000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	916663	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	999996	CurrentTaxYearMinus1Year
Current Tax Year	999996	CurrentTaxYear
Total	8916655	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	14815436	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	13218777	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7787436	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	9364805	CurrentTaxYearMinus1Year
Current Tax Year	6267876	CurrentTaxYear
Total	51454330	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	6052040	AmountsSubstContributorsTotal
Public Support Total170	45402290	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	600007	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	815333	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	539589	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	494626	CurrentTaxYearMinus1Year
Current Tax Year	562235	CurrentTaxYear
Total	3011790	Total

Field	Value	IRS element (for citing)
Total Support	54466120	TotalSupport
Gross Receipts From Admissions Etc	18337244	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.83359	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.83749	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	$63,612	DirectContactLegislatorsAmount
Rallies Demonstrations	false	RalliesDemonstrations
Other Activities	false	OtherActivities
Total Lobbying Expenditures IIB	63612	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 6/30/2011 $16,110 WAS PAID TO THE LAW FIRM OF SMITH, ANDERSON, BLOUNT, DORSETT, MITCHELL & JERNIGAN,LLP, $2,365 TO THE LAW FIRM OF K & L GATES, LLP, AND $45,137 TO THE LAW FIRM OF NELSON, MULINS, RILEY & SCARBOROUGH, 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	16140753	BeginningOfYearBalance
Contributions	233065	Contributions
Investment Earnings Or Losses	4024665	InvestmentEarningsOrLosses
Administrative Expenses	59594	AdministrativeExpenses
End Of Year Balance	20338889	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

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 Minus2 Years CurrentYearMinus2Years

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	0.79946	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.20054	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	604411	OtherCostOrOtherBasis
Depreciation	475624	Depreciation
Book Value	128787	BookValue

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildings
Total Of Book Value Land Buildings	128787	TotalOfBookValueLandBuildings

Other Assets OtherAssets (6 entries)

DescriptionDescription	Book ValueBookValue
PREPAID EXPENSES	10000
CSV OF KEY-MAN LIFE INSURANCE	60669
DEPOSITS	6749
BOND ISSUANCE COSTS, NET	33292
PREPAID LOAN ISSUANCE COSTS	6703
LONG TERM RECEIVABLE	4534249

Field	Value	IRS element (for citing)
Total Book Value Other Assets	4651662	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability
Total Of Amounts	0	TotalOfAmounts
Total Revenue	11044233	TotalRevenue
Total Expenses	10091100	TotalExpenses
Excess Or Deficit For Year	953133	ExcessOrDeficitForYear
Net Unrealized GL On Investments	3494680	NetUnrealizedGLOnInvestments
Other	-$288	OtherAmount
Total Adjustments	3494392	TotalAdjustments
Excess Or Deficit Per FS	4447525	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	15100607	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	3494680	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	238450	DonatedSrvcAndUseOfFacilities
Other Revenues	323244	OtherRevenues
Revenue Not Rptd F990	4056374	RevenueNotRptdF990
Revenue Subtotal	11044233	RevenueSubtotal
Total Revenue Per Form990	11044233	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	10653082	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	238738	DonatedServicesUseOfFacilities
Other Expenses Included	323244	OtherExpensesIncluded
Expenses Not Rptd F990	561982	ExpensesNotRptdF990
Expenses Subtotal	10091100	ExpensesSubtotal
Total Expenses Per Form990	10091100	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 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	$323,244 FUNDRAISING EXPENSES INCLUDED IN FINANCIAL STATEMENT EXPENSES
RECONCILIATION OF EXPENSES - OTHER DIFFERENCES	SCHEDULE D, PART XIII, LINE 2D	$323,244 FUNDRAISING EXPENSES INCLUDED IN FINANCIAL STATEMENT EXPENSES
RECONCILIATION OF CHANGE IN NET ASSETS	SCHEDULE D, PART XI, LINE 8	$288 REDUCTION IN CASH SURRENDER VALUE OF LIFE INSURANCE NETTED AGAINST CONTRIBUTIONS INCOME FOR BOOK

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
Net To Organization	46551	NetToOrganization

Field	Value	IRS element (for citing)
Total Net To Organization	46551	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	ART AUCTION	NameOfEvent1
Gross Receipts Event1	459491	GrossReceiptsEvent1
Charitable Contributions Event1	215497	CharitableContributionsEvent1
Gross Revenue Event1	243994	GrossRevenueEvent1
Rent Facility Costs Event1	9045	RentFacilityCostsEvent1
Food And Beverage Event1	19239	FoodAndBeverageEvent1
Other Direct Expenses Event1	255483	OtherDirectExpensesEvent1
Name Of Event2	FRNDS AFR/AMER	NameOfEvent2
Gross Receipts Event2	19448	GrossReceiptsEvent2
Charitable Contributions Event2	16000	CharitableContributionsEvent2
Gross Revenue Event2	3448	GrossRevenueEvent2
Food And Beverage Event2	2553	FoodAndBeverageEvent2
Other Direct Expenses Event2	1809	OtherDirectExpensesEvent2
Total Number Of Other Events	3	TotalNumberOfOtherEvents
Gross Receipts Other Events	37021	GrossReceiptsOtherEvents
Charitable Contrib Other Events	1405	CharitableContribOtherEvents
Gross Revenue Other Events	35616	GrossRevenueOtherEvents
Food And Beverage Other Events	25011	FoodAndBeverageOtherEvents
Other Direct Expenses Other Events	4414	OtherDirectExpensesOtherEvents
Gross Receipts Total	515960	GrossReceiptsTotal
Charitable Contributions Total	232902	CharitableContributionsTotal
Gross Revenue Total Events	283058	GrossRevenueTotalEvents
Rent Facility Costs Total Events	9045	RentFacilityCostsTotalEvents
Food And Beverage Total Events	46803	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	261706	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	317554	DirectExpenseSummaryEvents
Net Income Summary	-34496	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant	EIN Of RecipientEINOfRecipient
STATE OF NO CAROLINA DEPT CULTURAL RESOURCES
109 EAST JONES STREET	RALEIGH	NC	276994601	NC GOVERNMENT	83730	INVESTMENT FOR THE BENEFIT OF THE MUSEUM EXPANSION PROJECT UNTIL SUCH FUNDS ARE REQUIRED TO PAY CONSTRUCTION COSTS.
SECCA FOUNDATION
750 MARGUERITE DRIVE	WINSTON SALEM	NC	271065826	501(C)(3)	236092	SUPPORT OF THE SECCA STATE ENTITY, AN AFFILIATED ORGANIZATION UNDER THE NORTH CAROLINA MUSEUM OF ART	560656890

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	2	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
MONITORING USE OF GRANT FUNDS	SCHEDULE I, PART I	The Foundation entered into a grant agreement with the State of North CaroliNa dated September 26, 2008. The purpose of the grant agreement is to provide the state with donated funds for the exclusive use in the Museum's expansion project for landscaping. During the period ended June 30, 2011, the Foundation provided the State of North Carolina grants of $83,730 in support of the project.
GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S.	SCHEDULE I, PART II, LINE 2	FUNDS OF $236,092 WERE TRANSFERRED PER AN AMENDED DONOR GRANT AGREEMENT TO THE SECCA FOUNDATION FOR THE CONTINUED SUPPORT OF THE SECCA STATE ENTITY, AN AFFILIATED ORGANIZATION UNDER THE STATE ENTITY - NORTH CAROLINA MUSEUM OF ART.

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	298962	211440	0	12101	0	17061	12272	2872	1856	243474	313090	0	0
CATERRI M WOODRUM
197620	0	50000	0	180	0	20000	0	9626	0	277426	0	0	0
ELLEN D STONE
137977	0	0	0	516	0	11508	0	13120	0	163121	0	0	0
DANIEL P GOTTLIEB
130606	0	0	0	516	0	11200	0	18740	0	161062	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. In addition to salary supplement, the Foundation entered into a five year consulting agreement with Dr. Wheeler on May 1, 2005. Under the agreement Dr. Wheeler receives an annual consulting fee and certain discretionary bonus payments at the discretion of the Foundation Board and Dr. Wheeler agrees to lend his expertise to the Foundation in various fundraising initiatives, particularly as it relates to the cultivation and solicitation of collectors and donors. The initial term of the agreement continued through April 30, 2010. On July 1, 2010 the Foundation entered into a revised five year consulting agreement with Dr. Wheeler, the terms of which are largely consistent with the previous agreement, except that Dr. Wheeler will receive an annual retention payment payable at the end of each fiscal period in which he remains in active service at the Museum.	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)
Total Proceeds	7176605	TotalProceeds
Issuance Costs From Proceeds	50000	IssuanceCostsFromProceeds
Capital Expenditures	7126605	CapitalExpenditures
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
Bond Counsel Routinely Engaged	false	BondCounselRoutinelyEngaged

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
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGIC
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	151	NumberOfContributions
Noncash Contribs Rptd F990	157351	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	33	NumberOfContributions
Noncash Contribs Rptd F990	1505648	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 (2 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	EQUIPMENT	1	21165	FAIR MARKET VALUE
X	SUPPLIES	12	18090	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. 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.
RECONCILIATION OF NET ASSETS	FORM 990, PART XI, LINE 5	$3,494,680 NET UNREALIZED GAIN ON INVESTMENTS - $288 REDUCTION IN CASH SURRENDER VALUE OF LIFE INSURANCE = $3,494,392 OTHER CHANGES IN NET ASSETS OR FUND BALANCES.