2012-10-15T15:26:18-05:00 2012-02-29 560727655 CANNON & COMPANY LLP CPAS 2160 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 990 2011-03-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 ERIC HOYLE 3367217300 2012-10-15 1 CRAIG V HOPKINS P01294120 3367250635 2011 2016-02-24 21:20:13Z LEE FRENCH 600 S MAIN STREET WINSTONSALEM NC 27101 17026994 0 X WWW.OLDSALEM.ORG X 1950 NC THE PRESERVATION, PRESENTATION AND EXPLORATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM 28 28 238 160 21904 -362 1227786 2207756 908832 1009370 2600063 2566930 1585955 1719428 6322636 7503484 0 0 0 0 4171481 4323344 0 19018 790775 2722581 2986488 6894062 7328850 -571426 174634 72127985 71233411 2615138 2559264 69512847 68674147 THE PRESERVATION, PRESENTATION AND EXPLORATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 0 0 893752 436318 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. ALSO, COPIES OF PUBLICATIONS WERE PRODUCED, INCLUDING GUIDEBOOKS AND JOURNALS. 1611859 786888 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 32 HISTORIC PROPERTIES AND OVER 15,200 ANTQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC 2799913 1366881 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. HOSTED OVER 87,500 VISITORS, INCLUDING 35,300 SCHOOL CHILDREN. 5305524 1 1 0 0 0 0 1 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 X 63 0 1 238 1 1 0 1 EI BD 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X ERIC HOYLE 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 DR EUGENE W ADCOCK III 0.00 X 0 0 0 DR ANTHONY ATALA 0.00 X 0 0 0 MR MICHAEL J BOZYMSKI 0.00 X 0 0 0 MR CRAIG CANNON 0.00 X 0 0 0 MR F HUDNALL CHRISTOPHER JR 0.00 X X 0 0 0 MR J HAYWOOD DAVIS 0.00 X 0 0 0 MRS RAGAN FOLAN 40.00 X X 13333 0 0 MR ANTHONY L FURR 0.00 X X 0 0 0 MR RICHARD GOTTLIEB 0.00 X 0 0 0 MR JAMES A GRAY III 0.00 X 0 0 0 MR MICHAEL HOUGH 0.00 X 0 0 0 MR STAN KELLY 0.00 X 0 0 0 DR ALLSTON J STUBBS III 0.00 X 0 0 0 MS BETSY ANNESE 0.00 X 0 0 0 DR EDWARD G HILL 0.00 X 0 0 0 MR ROBERT BROWN 0.00 X 0 0 0 MR HENRY JORDAN II 0.00 X 0 0 0 DR DONALD REAVES 0.00 X 0 0 0 DR THOMAS H SEARS JR 0.00 X 0 0 0 MR WILLIAM WATSON 0.00 X 0 0 0 MR HAYES WAUFFORD 0.00 X 0 0 0 MR PAUL FULTON 0.00 X X 0 0 0 MR TED GOSSETT 0.00 X 0 0 0 MS MARGARET D TOWNSEND 0.00 X 0 0 0 MR NICHOLAS BRAGG 0.00 X 0 0 0 MR ANTHONY MONTAG 0.00 X 0 0 0 MR C EDWARD PLEASANTS JR 0.00 X 0 0 0 MRS JUDY LAMBETH 0.00 X X 0 0 0 MS CHRIS MINTER-DOWD 0.00 X 0 0 0 MR L G ORR JR 0.00 X 0 0 0 MR LEE FRENCH 40.00 X 170805 0 1176 MR JOHN LARSON 40.00 X 63013 0 7151 MR THOMAS CONNORS 40.00 X 100000 0 6712 MS PAULA LOCKLAIR 40.00 X 60679 0 4167 MR ROBERT LEATH 40.00 X 71589 0 8226 MR GARY ALBERT 40.00 X 31207 0 1939 MR ERIC HOYLE 40.00 X 68395 0 8077 579021 0 37448 2 0 1 0 0 54750 2153006 271987 2207756 ADMISSION FEES 900099 836870 836870 172500 172500 1009370 1511622 1511622 1772 1772 149228 34193 115035 115035 115035 9010338 490779 8249947 195862 760391 294917 1055308 1055308 2630725 1043508 1587217 1565313 21904 MISC. REVENUE-RELATED- 900099 12252 12252 RESEARCH FEES 900099 3152 3152 15404 7503484 2590087 21904 2683737 651528 254594 282174 114760 3109576 2486810 368809 253957 291060 230589 35731 24740 271180 217505 32486 21189 14541 14541 19018 19018 163214 163214 110085 76063 15635 18387 99750 93073 3624 3053 3675 2669 1006 56588 56588 453150 420590 30377 2183 153257 106183 42035 5039 SUPPLIES 777220 533597 72601 171022 SERVICES 411990 283891 99113 28986 UTILITIES 288170 232865 54716 589 PROFESSIONAL SERVICES 266477 56055 86284 124138 188371 147826 36831 3714 7328850 5305524 1232551 790775 306918 591014 65245 52981 635169 746889 90160 64463 19630605 8693558 11072046 10937047 38782728 37093862 0 9000 6000 21166719 21741155 72127985 71233411 392763 720852 152094 255170 2060992 1478672 9289 104570 2615138 2559264 X 47199502 45317499 5024312 5956619 17289033 17400029 69512847 68674147 72127985 71233411 X 174634 -1013334 X X 0 1 1 X 0 X 2924480 1985267 1370097 1227786 2207756 9715386 2924480 1985267 1370097 1227786 2207756 9715386 860411 8854975 3840499 4009302 1103777 1150498 1662622 11766698 17783 4642 20497 15404 58326 21540410 15675968 0.41110 0.36630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 37 22 0 1 0 200.00 5300 0 21714400 X X X X 0 38781800 166477 1210575 3064990 37093862 36901001 1775668 5315653 5050431 160091 38781800 30410179 117436 9902341 3364465 164490 36901001 49371081 110458 -16048622 2837304 185434 30410179 0.54000 0.46000 1 0 15479140 5986199 9492941 1290380 499294 791086 2268632 1883916 384716 592453 324149 268304 10937047 ART AND HISTORICAL TREASURES 21714400 BENEFICIAL INTEREST 26755 21741155 CHECKS IN EXCESS OF CASH 104570 104570 7503484 7328850 174634 -1013334 -1013334 -838700 7567851 -1013334 1077701 64367 7503484 0 7503484 8406551 1077701 1077701 7328850 0 7328850 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: CONSERVATION EASEMENTS CONSISTS OF DEED COVENANTS THAT THE ORGANIZATION HOLDS ON PROPERTIES THAT HAVE PASSED THROUGH ITS OWNERSHIP. NO VALUE IS RECORDED FOR THESE DEED COVENANTS. PART III, LINE 4: PRESERVATION AND PRESENTATION OF THE MATERIAL CULTURE OF THE AMERICAN SOUTH IS A MAJOR PART OF THE ORGANIZATION'S MISSION/EXEMPT PURPOSE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INCOME FROM THE ENDOWMENT SUPPORTS THE PROGRAMS AND OPERATIONS OF THE ENTIRE ORGANIZATION, INCLUDING RESEARCH, EDUCATION, OBJECT ACQUISITION AND DEVELOPMENT. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,193. COST OF GOODS SOLD 1,043,508. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,193. COST OF GOODS SOLD 1,043,508. 0 X X X X X X 1 CAPITAL DEVELOPMENT 315 N SPRUCE ST SUITE 215A WINSTON SALEM NC 27101 CAPITAL CAMPAIGN PLANNING SERVICES 0 0 19018 -19018 19018 -19018 X X 0 0 0 0 0 0 0 0 0 MR LEE FRENCH 170805 0 0 0 0 0 0 0 1176 0 171981 0 0 0 X 9 28922 FAIR MARKET VALUE X 15 243065 APPRAISAL 0 0 0 EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B THE ORGANIZATION NEEDS MORE TIME TO GATHER THE INFORMATION FOR THE 990T. THE 990T HAS BEEN EXTENDED AND WILL BE FILED TIMELY. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN IS REVIEWED IN DETAIL BY THE AUDIT COMMMITTEE FOR APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE EXECUTIVE COMMITTEE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO OUR BOARD MEMBERS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL STATEMENT OF COMPLIANCE IS OBTAINED FROM EACH TRUSTEE AND KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S AND OFFICERS' SALARIES ARE DETERMINED USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON SPECIFIC REQUEST AS WELL AS ON GUIDESTAR. THE DETERMINATION LETTER IS AVAILABLE UPON SPECIFIC REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO PUBLIC UPON SPECIFIC REQUEST. THE ANNUAL REPORT IS DISTRIBUTED TO DONORS AND UPON SPECIFIC REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,013,334. FORM 990. PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.