2012-05-15T13:09:33-05:00 2011-12-31 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2011-01-01 311620682 MONTPELIER FOUNDATION INC MONT 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 DR SEAN T O'BRIEN 5406722728 2012-05-14 1 P FRANK BERRY P00322544 4342962156 2011 2016-02-24 21:20:13Z DR SEAN T O'BRIEN PO BOX 67 MONTPELIER STATION VA 22957 6965455 0 X WWW.MONTPELIER.ORG X 1998 VA TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 22 22 166 95 9537 0 5071387 3881926 1336023 1468363 195371 328172 652440 489042 7255221 6167503 0 0 0 0 3636452 3824882 0 0 905508 3825485 4762133 7461937 8587015 -206716 -2419512 34750476 32025164 10236919 10249769 24513557 21775395 THE MONTPELIER FOUNDATION'S PRIMARY MISSION IS TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 0 0 2433341 1381366 OPERATE AND MAINTAIN THE MANSION AND GROUNDS TO ALLOW THE PUBLIC THE OPPORTUNITY TO VISIT AND LEARN ABOUT THE LIFE AND HISTORY OF JAMES MADISON. DURING 2011, APPROXIMATELY 80,000 PEOPLE VISITED JAMES MADISON'S MONTPELIER. 3400190 ACQUIRE AND PRESERVE CURATORIAL OBJECTS APPROPRIATE TO THE PERIOD AND CONDUCT RESEARCH AND EDUCATIONAL PROGRAMS ABOUT MADISON ERA. 1280085 401188 PROVIDE HIGH-QUALITY CONSTITUTIONAL EDUCATION FOR EDUCATORS, JOURNALISTS, ELECTED OFFICIALS, LAW ENFORCEMENT, JUDGES, INTERNATIONAL VISITORS, AND BUSINESS LEADERS 7113616 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 121 0 1 166 1 1 1 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT CO FL GA IL KS KY ME MD MI MA MN MS MO NH NJ NY NM NC ND OH OK OR PA RI SC TN UT VA WA WV WI X THE MONTPELIER FOUNDATION INC 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 MRS MARGARET B RHOADS 2.00 X 0 0 0 MRS FLORENCE BRYAN FOWLKES 2.00 X 0 0 0 MR WILLIAM H LEWIS 2.00 X 0 0 0 MS NANCY N CAMPBELL 2.00 X 0 0 0 MRS ELINOR K FARQUHAR 2.00 X 0 0 0 MR STEPHEN T MCLEAN 2.00 X 0 0 0 MS CYNTHIA M REUSCHE 2.00 X 0 0 0 MR WILLIAM C REMINGTON 2.00 X 0 0 0 MR JOHN J SPONSKI 2.00 X 0 0 0 MR ROGER WILKINS 2.00 X 0 0 0 MR GERALD M LOWRIE 2.00 X 0 0 0 MR GREGORY MAY 2.00 X X 0 0 0 MR ARTHUR H BRYANT JR 2.00 X 0 0 0 MR DENNIS A KERNAHAN 2.00 X 0 0 0 MS STEPHANIE K MEEKS 2.00 X 0 0 0 MR LEIGH B MIDDLEDITCH JR 2.00 X 0 0 0 DR EUGENE W HICKOK 2.00 X 0 0 0 PROFESSOR G EDWARD WHITE 2.00 X 0 0 0 MS ELLA STRUBEL 2.00 X 0 0 0 MRS GAIL SERFATY 2.00 X 0 0 0 MR ROGER H MUDD 2.00 X 0 0 0 MS PATRICIA CROWE 2.00 X 0 0 0 MR MICHAEL C QUINN 35.00 X 194666 0 71520 DR SEAN T O'BRIEN 35.00 X 128657 0 20416 323323 0 91936 2 0 1 0 GAINES A HANEY 193 W MAIN STREET ORANGE VA 22960 BUILDING RESTORATION 124349 1 909365 2972561 123527 3881926 ADMISSIONS 900099 1067175 1067175 CONSTITUTIONAL STUDIES 900099 401188 401188 1468363 134324 134324 116463 116463 116463 116463 595893 402045 193848 193848 193848 96069 47218 48851 48851 636474 348689 287785 278248 9537 TIMBERING REVENUE 900099 13742 13742 22201 22201 35943 6167503 1782554 9537 493486 385259 179465 205794 2926205 2189496 224899 511810 88401 59044 11973 17384 199296 155414 14702 29180 225721 169446 27320 28955 5242 5242 31000 31000 57130 57130 707312 540423 81729 85160 114326 106162 2160 6004 91091 47296 6923 36872 92407 29330 55161 7916 276543 243984 23420 9139 191769 175263 4332 12174 191267 183673 7594 681371 641470 39901 100516 78333 22183 LOSS ON ABANDONMENT 788253 788253 0 0 REPAIRS AND MAINTENANCE 503362 501667 275 1420 CURATORIAL 466359 465555 781 23 OVERHEAD ALLOCATION 0 264001 -264081 80 464185 295341 14695 154149 8587015 7113616 567891 905508 3821016 2347106 146652 162004 1263599 1490316 157867 120335 50807 41655 22039911 3442698 18546889 18597213 479666 515493 7797020 7488665 2486960 1262377 34750476 32025164 161786 139146 12414 25905 9100000 9100000 358660 300018 604059 684700 10236919 10249769 X 16608339 14376481 6405218 5748914 1500000 1650000 24513557 21775395 34750476 32025164 X -2419512 -318650 X X 0 1 1 X 0 X 11667569 8264637 5947653 5071387 3881926 34833172 11667569 8264637 5947653 5071387 3881926 34833172 7290863 27542309 561500 332143 273361 260368 250787 1678159 36511331 9060912 0.75430 0.77250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 7797020 60000 -62692 248532 57130 7488666 7363738 873644 394532 45830 7797020 5844140 100267 1729554 274464 35759 7363738 5180274 3170134 -2506268 5844140 0.41000 0.22000 0.37000 1 0 257961 59924 198037 20205831 2533424 17672407 1457956 746208 711748 118163 103142 15021 18597213 NATIONAL TRUST POOLED INVESTMENTS 7488665 F 7488665 DUE TO AFFILIATES 21368 ACCRUED WAGES AND VACATION 311303 SECURITY DEPOSITS 68347 OTHER LIABILITIES 12462 VALUE OF SWAP AGREEMENT 267518 DUE TO NATIONAL TRUST 3702 684700 6167503 8587015 -2419512 -346573 27923 -318650 -2738162 5803909 -346573 11157 27923 -307493 6111402 56101 56101 6167503 8542071 11157 11157 8530914 56101 56101 8587015 PART III, LINE 1A: CONTRIBUTIONS AND EXPENDITURES FOR WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED AS AN ASSET IN ACCORDANCE WITH ACCOUNTING STANDARDS. COST FOR IMPROVEMENTS TO AND RESTORATION OF THE HISTORIC BUILDINGS AND GROUNDS ARE EXPENSED WHEN INCURRED IN ACCORDANCE WITH ACCOUNTING STANDARDS. PART III, LINE 4: THE FOUNDATION'S COLLECTIONS CONSIST OF PERIOD FURNITURE, ART WORK, AND OTHER HOUSEHOLD ITEMS WHICH ARE DISPLAYED IN THE HOME OF JAMES AND DOLLEY MADISON. THESE DISPLAYS ALLOW VISITORS TO BETTER UNDERSTAND THEIR STYLE AND INTERESTS AND GLEAN AN APPRECIATION FOR WHAT LIFE WAS LIKE FOR THEM AT MONTPELIER. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. THE FOUNDATIONS GENERALLY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U. S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008 . PART XI, LINE 8 - OTHER ADJUSTMENTS: SWAP AGREEMENT VALUATION 27,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: SWAP VALUATION ADJUSTMENT 27,923. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED AGAINST EXPENSES 56,101. PART XIII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED AGAINST EXPENSES 56,101. X 1 HARRIS CONNECT 1400-A CROSSWAYS BLVD CHESAPEAKE VA 23320 PHONE FUNDRAISING 1 172754 57557 115197 172754 57557 115197 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY EDUCATIONAL EVENTS & RENT 96069 96069 47218 96069 96069 47218 47218 48851 X 1 1 X 0 0 0 0 0 0 0 0 0 MR MICHAEL C QUINN 194666 0 0 0 0 0 41520 0 30000 0 266186 0 0 0 PART I, LINE 1A THE FOUNDATION PROVIDES HOUSING FOR THE PRESIDENT. THIS HOUSING IS LOCATED ON THE FOUNDATION'S PROPERTY AND IS A CONDITION OF EMPLOYMENT FOR THE PRESIDENT. THE ESTIMATED MARKET VALUE OF THE HOUSING PROVIDED IS $30,000. IDA OF THE COUNTY OF ORANGE 521304024 684793AB8 2004-12-15 9100000 VISITOR CENTER CONSTRUCTION 0 0 0 9100000 9100000 2007 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 123527 FAIR MARKET VALUE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE MONTPELIER FOUNDATION USES WELLS FARGO ADVISORS AS THEIR BROKER TO RECEIVE AND LIQUIDATE SECURITIES DONATED TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE THE FOUNDATION'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN DISTRIBUTED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS AND MANAGEMENT PERSONNEL. THROUGH THEIR CONSCIOUS EFFORTS DURING THE DECISION MAKING PROCESS, THE ORGANIZATION REFRAINS FROM ENTERING INTO TRANSACTIONS WHICH ARE IN VIOLATION OF THE POLICY. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES TO THE PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S BOARD OF DIRECTORS HAS A HUMAN RESOURCES COMMITTEE THAT DETERMINES COMPENSATION FOR THE PRESIDENT OF THE FOUNDATION. THE COMMITTEE REVIEWS THE COMPENSATION AMOUNTS PAID BY OTHER LOCAL HISTORICAL SITES AND NON-PROFITS BEFORE DETERMINING WHAT LEVEL TO SET COMPENSATION FOR THE FOUNDATION'S PRESIDENT. FOR OTHER OFFICERS AND KEY EMPLOYEES, SALARY RECOMMENDATIONS ARE MADE BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION KEEPS A PUBLIC INFORMATION FILE IN THE MAIN OFFICE. THE CUSTODIAN OF THE DOCUMENTS WILL FAX OR SEND ELECTRONICALLY THESE DOCUMENTS UPON A SPECIFIC REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -346,573. SWAP AGREEMENT VALUATION 27,923. TOTAL TO FORM 990, PART XI, LINE 5: -318,650. FORM 990, PAGE 12, LINE 2C A DRAFT COPY OF THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO ACCEPTANCE. ALSO, THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTING OF THE INDEPENDANT AUDITORS AND OVERSIGHT OF THE AUDIT. 990 PART XI, LINE 2B THE FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED ANNUALLY ON A CONSOLIDATED BASIS. SUPPLEMENTAL CONSOLIDATING SCHEDULES, FOR WHICH A SEPARATE AUDIT REPORT IS ISSUED, ARE PROVIDED IN THE FINANCIAL STATEMENTS.