2012-05-07T15:32:10-05:00 2011-06-30 LAPORTE APAC 111 VETERANS MEMORIAL BLVD SUITE 60 METAIRIE LA 700054958 990 2010-07-01 720954712 LOUISIANA MUSEUM FOUNDATION LOUI 5045580493 828 ROYAL STREET PMB 525 NEW ORLEANS LA 70116 OFFICER 5045580493 2012-04-17 1 AMY E WALTERS CPA CCIFP 5048355522 2010 2016-02-24 21:20:13Z SUSAN H MACLAY 828 ROYAL STREET PMB 525 NEW ORLEANS LA 70116 1960447 0 X WWW.THELMF.ORG X 1981 LA TO SUPPORT THE LOUISIANA STATE MUSEUM. 33 33 6 60 0 0 1105365 1107297 0 0 72876 -56313 -26234 -102809 1152007 948175 0 0 0 0 192042 179542 0 0 17515 1035624 1737755 1227666 1917297 -75659 -969122 2906494 2341950 18011 4024 2888483 2337926 X THE MISSION OF THE LOUISIANA MUSEUM FOUNDATION IS TO PRESERVE AND PROMOTE LOUISIANA'S HISTORY AND CULTURE BY ADMINISTERING GIFTS, GRANTS AND CONTRIBUTIONS FOR THE LOUISIANA STATE MUSEUM, BY ASSISTING THE MUSEUM IN RAISING FUNDS, AND BY MARKETING THE MUSEUM'S PROGRAMS AND SERVICES. 0 0 1758391 IN THE 2010-2011 FISCAL YEAR, THE LOUISIANA MUSEUM FOUNDATION (LMF) GENERATED AND ADMINISTERED FUNDING TO FINANCE COMPLETION OF LIVING WITH HURRICANES: KATRINA AND BEYOND, THE LOUISIANA STATE MUSEUM'S (LSM'S) FIRST PERMANENT FRENCH QUARTER EXHIBITION IN A DECADE; LMF ALSO HOSTED A GALA OPENING WHICH GENERATED PUBLICITY FOR THE EXHIBIT AND DREW MORE THAN 700 REVELERS TO JACKSON SQUARE ON OCTOBER 10, 2010. FIVE AND A HALF YEARS IN THE MAKING, LIVING WITH HURRICANES DREW A WEEKLY AVERAGE OF 2,279 VISITORS TO LSM'S PRESBYTERE FOR THE REMAINDER OF THE 2010-2011 FISCAL YEAR -- A 161% INCREASE IN VISITATION OVER THE SAME WEEKS IN THE 2009-2010 FISCAL YEAR. 41594 IN THE 2010-2011 FISCAL YEAR, LMF GENERATED AND ADMINISTERED FUNDING TO ENABLE ACQUISITION OF ARTIFACTS FOR LSM COLLECTIONS AND EXHIBITS, AND TO CONSERVE JEOPARDIZED HOLDINGS, INCLUDING FATS DOMINO'S KATRINA-RAVAGED PIANO AND PRICELESS, ONE-OF-A-KIND COLONIAL DOCUMENTS FROM LSM'S ARCHIVE. 33447 IN THE 2010-2011 FISCAL YEAR, LMF GENERATED AND ADMINISTERED FUNDING TO ENABLE THE CREATION OF THE WORLD OF CANE RIVER CREOLE: RURAL LIFE IN NATCHITOCHES PARISH AT LSM'S BATON ROUGE FACILITY, AND TO UNDERWRITE THE VISITING EXHIBIT, RACE: ARE WE SO DIFFERENT? AT THE OLD U.S. MINT IN NEW ORLEANS. 1833432 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUSAN MACLAY 5045580493 828 ROYAL STREET 525 NEW ORLEANS LA 70116 HERSCHEL L ABBOTT JR 0.20 X 0 0 0 E TIFFANY ADLER 0.20 X 0 0 0 LOUELLAN A BERGER 0.20 X 0 0 0 G ANTHONY GELDERMAN III 0.20 X 0 0 0 GARY H BREWSTER 0.20 X 0 0 0 J STOREY CHARBONNET 0.20 X 0 0 0 ELIZABETH W HEFLER 0.20 X 0 0 0 DANIEL O CONWILL IV 0.20 X 0 0 0 H MORTIMER FAVROT 0.20 X 0 0 0 DANA M HANSEL 2.00 X X 0 0 0 PAUL M HAYGOOD 0.20 X 0 0 0 WILLIAM H HINES 0.10 X 0 0 0 JOY NALTY HODGES 0.20 X 0 0 0 ANASTASIA W MOUTON 0.20 X 0 0 0 ROBERT J PATRICK 0.10 X 0 0 0 SUSAN LANE STALL 2.00 X 0 0 0 RANSDELL GRACE PRIEUR 0.20 X 0 0 0 ANNE F REDD 2.00 X X 0 0 0 TIA NOLAN RODDY 0.20 X 0 0 0 ALEXANDER A SHESHUNOFF 0.20 X 0 0 0 ALMA A SLATTEN 2.00 X 0 0 0 JULIE F BREITMEYER 2.50 X 0 0 0 RALPH O BRENNAN 1.50 X 0 0 0 E RALPH LUPIN MD 0.10 X 0 0 0 MARY F POLLARD 1.00 X 0 0 0 ANNE B REILY 0.10 X 0 0 0 THOMAS P WESTERVELT 4.00 X X 0 0 0 PHILIP M WOOLLAM 2.00 X 0 0 0 DOROTHY M CLYNE 4.00 X X 0 0 0 HENRY M LAMBERT 0.10 X 0 0 0 SCOTT HOWARD 0.20 X 0 0 0 LEO MARSH 0.20 X 0 0 0 FRANCIS RIVERS LELONG JR 4.00 X X 0 0 0 SUSAN H MACLAY 40.00 X 0 76765 0 0 76765 0 0 0 0 0 SOLOMON GROUP ENTERTAINMENT 900 S PETERS STREET NEW ORLEANS LA 70130 MEDIA DESIGN AND PRODUCTION 434776 EXPERIENCE DESIGN 355 CONGRESS STREET BOSTON MA 02210 EXHIBIT DESIGN AND FABRICATION 332000 EXPLUS INC 44156 MERCURE CIRCLE DULLES VA 20166 EXHIBIT DESIGN AND FABRICATION 206059 COTE BLANCHE PRODUCTIONS 723 RUE MARIGNY NEW ORLEANS LA 70117 MEDIA PRODUCTION 102313 4 94800 106337 403738 502422 1107297 44706 44706 800000 901019 -101019 -101019 -101019 8200 106337 111253 -103053 -103053 MISCELLANEOUS 900099 244 244 244 948175 0 0 -159122 76764 45013 24569 7182 81599 47848 26116 7635 8443 4646 2348 1449 12736 6708 4816 1212 2204 2201 3 17495 11609 5886 154512 129096 25416 56299 56299 23894 19761 4133 3720 3720 2614 1140 1474 3940 818 3122 5361 2013 3348 10128 10128 3364 1988 1339 37 EXHIBITS 1292332 1292332 GENERAL MUSEUM SUPPORT 75236 75236 INTERFUND TRANSFERS 58529 114792 -56263 EVENT EXPENSE 17855 14020 3835 CONSERVATION 1825 1825 8447 6087 2360 1917297 1833432 66350 17515 547510 504826 115000 48533 2219 3815 94649 74370 29126 20279 2205839 1764497 6800 0 2906494 2341950 18011 4024 18011 4024 X 908994 953235 1979489 1384691 2888483 2337926 2906494 2341950 X -969122 418565 X X 0 1 1 X 1 1 X 1116209 1719363 1404185 1101052 1107297 6448106 1116209 1719363 1404185 1101052 1107297 6448106 279769 6168337 84581 185336 155901 72933 44706 543457 8727 7703 3112 198 244 19984 7011547 0.87970 0.85520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2018356 334908 800000 1553264 1790591 229275 1510 2018356 2084365 -293774 1790591 0.25400 0.74600 0 0 94649 74370 20279 20279 948175 1917297 -969122 418565 418565 -550557 1477993 418565 111253 529818 948175 0 948175 2028550 111253 111253 1917297 0 1917297 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MUSEUM ENDOWMENT FUND WAS CREATED BY THE BOARD TO ACCUMULATE $3,000,000 FOR MUSEUM SUPPORT. REVENUE AND OTHER SUPPORT FOR THE FUND CONSIST OF CONTRIBUTIONS, INVESTMENT INCOME, AND TRANSFER OF EXCESS FUNDS FROM OTHER RESTRICTED OR UNRESTRICTED FUNDS AS THE BOARD AUTHORIZES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ON JANUARY 1, 2009, THE FOUNDATION ADOPTED THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THE IMPLEMENTATION OF THIS TOPIC HAD NO IMPACT ON THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. ALL TAX RETURNS HAVE BEEN APPROPRIATELY FILED BY THE FOUNDATION. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE FOUNDATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S OPEN AUDIT PERIODS ARE 2007 THROUGH 2010. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITION AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES - $111,253 PART XIII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES - $111,253 GALA 114537 106337 8200 4000 2633 1000 103620 114537 106337 8200 4000 2633 1000 103620 111253 -103053 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER, RIVERS LELONG, JR., IS AN EMPLOYEE IN A LAW FIRM WHERE BOARD MEMBER, WILLIAM HINES, IS A PARTNER. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD NOMINATES NEW MEMBERS. THE FOUNDATION HOLDS AN ANNUAL MEETING OF THE MEMBERSHIP. AT THIS MEETING, NEW BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP BY A VOTE OF YAY OR NAY. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE FOUNDATION'S CPA FIRM BASED ON INFORMATION PROVIDED TO THEM FROM THE FOUNDATION. ONCE COMPLETE, THE RETURN IS REVIEWED BY THE FINANCE MANAGER, EXECUTIVE DIRECTOR, AND THE BOARD TREASURER. AFTER ALL, IF ANY, QUESTIONS HAVE BEEN RESOLVED, THE RETURN IS SENT TO ALL MEMBERS OF THE BOARD FOR REVIEW BEFORE IT IS FILED. THE RETURN IS SIGNED BY THE EXECUTIVE DIRECTOR AND FILED. FORM 990, PART VI, SECTION B, LINE 12C INTEREST CONFLICT POLICY IS ADDRESSED AT QUARTERLY BOARD MEETINGS. A CONFLICT OF INTEREST PLEDGE FORM IS SIGNED ANNUALLY BY BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION SUBMITS CURRENT YEAR OPERATING BUDGET TO THE FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE HAS REVIEWED IT AND PROVIDED INPUT, THE ANNUAL BUDGET THEN GOES TO EITHER THE EXECUTIVE COMMITTEE OR TO THE FULL BOARD FOR REVIEW AND APPROVAL. IN THE ANNUAL BUDGET THERE IS USUALLY A COST-OF LIVING ALLOWANCE INCREASE IN SALARIES AND BENEFITS INCLUDED IN THE BUDGET, TYPICALLY 1.5-3%, IF THE ORGANIZATION'S INCOME IS SUFFICIENT. AGAIN, ONLY IF THE ORGANIZATION'S INCOME IS SUFFICIENT AND IF WARRANTED, THERE MAY BE ADDITIONAL INCREASES OR BONUSES. THE FINANCE COMMITTEE RESEARCHES COMPARATIVE SALARIES TO HELP DETERMINE AND SET COMPENSATION AMOUNTS. IF THE EXECUTIVE COMMITTEE APPROVES THE BUDGET, IT IS THEN PRESENTED TO THE WHOLE BOARD THOUGH THE WHOLE BOARD DOES NOT NEED TO APPROVE THE BUDGET IF THE EXECUTIVE COMMITTEE HAS ALREADY DONE SO. IF INCREASES ARE BEING GRANTED, IT IS CLEARLY STATED IN THE PERTINENT BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 418,565. FORM 990, PART XI, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.