2012-11-12T12:54:45-06:00 2011-12-31 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2011-01-01 620943809 DIXON GALLERY AND GARDENS DIXO 9017615250 4339 PARK AVENUE MEMPHIS TN 38117 KEVIN SHARP 9017615250 2012-11-09 1 CAROL A JOHNSON BISHOP P00196655 9017613000 2012-11-09 2011 2016-02-24 21:20:13Z KEVIN SHARP 4339 PARK AVENUE MEMPHIS TN 38117 3828841 0 X WWW.DIXON.ORG X 1975 TN MAINTAIN & OPERATE ART GALLERY & GARDENS FOR BENEFIT, EDUCATION & ENJOYMENT OF THE PUBLIC 39 39 50 100 0 0 3116925 3421984 107959 108921 0 0 198353 197400 3423237 3728305 0 0 0 0 1712671 1814793 100000 0 92058 1611289 2115479 3423960 3930272 -723 -201967 5477420 5276150 909662 910358 4567758 4365792 OPERATE AND MAINTAIN AN ART GALLERY FOR THE EXIBITION AND DISPLAY OFPAINTINGS, OTHER ART, AND GARDENS FOR THE BENEFIT, EDUCATION ANDENJOYMENT OF THE PUBLIC. 0 0 3304840 217985 OPERATE AND MAINTAIN AN ART GALLERY FOR THE EXHIBITION AND DISPLAY OF PAINTINGS, OTHER ART, AND GARDENS FOR THE BENEFIT, EDUCATION AND ENJOYMENT OF THE PUBLIC. 3304840 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 31 0 50 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 TN X GAIL HOPPER 9017615250 4339 PARK AVENUE MEMPHIS TN 38117 R BRAD MARTIN 1.00 X 0 0 0 STEPHEN C REYNOLDS 1.00 X 0 0 0 C PENN OWEN III 1.00 X 0 0 0 JEAN LEWIS COORS 1.00 X 0 0 0 CONNIE D ADAMS 1.00 X 0 0 0 THOMAS C ADAMS JR 1.00 X 0 0 0 JACK R BLAIR 1.00 X 0 0 0 CARTER F CAMPBELL 1.00 X 0 0 0 B LANE CARRICK 1.00 X 0 0 0 WILLIAM A COOLIDGE JR 1.00 X 0 0 0 THOMAS H HUSSEY 1.00 X 0 0 0 ANNE O KEENEY 1.00 X 0 0 0 R MOLITOR FORD JR 1.00 X 0 0 0 BERNICE HUSSEY 1.00 X 0 0 0 E CARL KRAUSNICK JR 1.00 X 0 0 0 SUZANNE MALLORY 1.00 X 0 0 0 W NEELY MALLORY JR 1.00 X 0 0 0 W NEELY MALLORY III 1.00 X 0 0 0 HARRIET BOYLE MCFADDEN 1.00 X 0 0 0 MCNEAL MCDONNELL 1.00 X 0 0 0 ALLEN B MORGAN JR 1.00 X 0 0 0 D STEPHEN MORROW 1.00 X 0 0 0 JOSEPH ORGILL III 1.00 X 0 0 0 CHRISTINE P RICHARDS 1.00 X 0 0 0 KING W ROGERS III 1.00 X 0 0 0 W REID SANDERS 1.00 X 0 0 0 CARYN SCHEIDT 1.00 X 0 0 0 WILLIS H WILLEY III 1.00 X 0 0 0 BURNETTA WILLIAMS 1.00 X 0 0 0 NANCY COPP 1.00 X 0 0 0 MARK GIANNINI 1.00 X 0 0 0 JOHN M HORSEMAN 1.00 X 0 0 0 DR ROSE M JOHNSTON 1.00 X 0 0 0 KAY TAYLOR LILES 1.00 X 0 0 0 WILLIAM C LOSCH 1.00 X 0 0 0 KATHLEEN SHANNON MAURY 1.00 X 0 0 0 BRANDON G MORRISON 1.00 X 0 0 0 HENRI WEDELL 1.00 X 0 0 0 BEN C ADAMS JR 1.00 X 0 0 0 KEVIN SHARP 40.00 X 200509 0 5678 GAIL HOPPER 40.00 X 67098 0 5678 267607 0 11356 1 0 1 0 0 482216 280000 2659768 3421984 VARIOUS 900099 61282 61282 ADMISSIONS 900099 47639 47639 108921 88336 0 88336 88336 88336 209600 100536 109064 109064 3728305 217985 0 88336 278963 94847 92058 92058 1262376 1105430 156946 158663 135757 22906 114791 96390 18401 32601 32601 82727 82727 282081 191474 90607 287432 246525 40907 12490 10011 2479 9485 9485 23544 23544 252959 252959 64731 43133 21598 GALLERY & GARDEN EXPENS 952828 952828 EDUCATION 81353 81353 TEMPORARY HELP 11435 11435 EDUCATION 3586 3586 18227 -29 18256 3930272 3304840 533374 92058 115896 109866 18609 31435 300439 153426 4091 28838 15000 10000 120003 82907 621747 674873 9259263 5074458 4281635 4184805 5477420 5276150 186971 192242 8031 6801 714660 711315 909662 910358 X 4340258 4176542 227500 189250 4567758 4365792 5477420 5276150 X -201967 1 X 0 1 0 X 0 X 2634308 2821792 2868380 3116925 3421984 14863389 2634308 2821792 2868380 3116925 3421984 14863389 6146538 8716851 40192 36838 32700 80457 88336 278523 14820 13366 3007 31193 15173105 1239050 0.57450 0.55880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 245252 343502 17367 3756 602365 100000 136000 9252 245252 0.96200 0.03800 0 1 1 240000 240000 7845070 4064662 3780408 17450 17450 0 1156743 992346 164397 4184805 DUE TO ENDOWMENT 711315 711315 3728305 3930272 -201967 1 1 -201966 3828841 100536 100536 3728305 0 3728305 4030807 100536 100536 3930271 1 1 3930272 PART III, LINE 1A: THE COLLECTIONS OF THE GALLERY ARE COMPRISED OF MORE THAN 2000 WORKS OF ART, INCLUDING NINETEENTH AND EARLY TWENTIETH-CENTURY EUROPEAN AND AMERICAN PAINTINGS, SCULPTURE, AND WORKS ON PAPER, EIGHTEENTH AND NINETEENTH-CENTURY GERMAN AND ENGLISH PORCELAIN, AND EIGHTEENTH, NINETEENTH AND TWENTIETH-CENTURY EUROPEAN AND AMERICAN PEWTER. THE COLLECTIONS WERE ACQUIRED THROUGH BEQUESTS, GIFTS, AND PURCHASES SINCE THE MUSEUM'S FOUNDING IN 1976. EACH OBJECT IS CATALOGUED AND CARED FOR, ITS EXISTENCE IS VERIFIED, AND ITS CONDITION IS ASSESSED ON A REGULAR BASIS. THE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN FURTHERANCE OF PUBLIC SERVICE, RATHER THAN FOR FINANCIAL GAIN. IN CONFORMITY WITH ACCOUNTING PRACTICES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE GALLERY'S COLLECTIONS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION, AND GIFTS OF WORKS OF ART ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASES OF WORKS OF ART BY THE GALLERY ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PURSUANT TO GALLERY POLICY, PROCEEDS FROM THE SALE OF WORKS OF ART AND RELATED INSURANCE SETTLEMENTS ARE RECORDED AS TEMPORARILY RESTRICTED NET ASSETS FOR THE ACQUISITION OF ART. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE DIXON GALLERY AND GARDENS ENDOWMENT FUND (THE "ENDOWMENT FUND") WAS INCORPORATED FOR THE PURPOSE OF ACCEPTING CONTRIBUTIONS, HONORARIUMS, MEMORIALS AND BEQUESTS, WHETHER IN CASH OR IN KIND, WHICH ARE RECEIVED OR ALLOCATED WITH SPECIFIC REFERENCE THERETO, FOR THE BENEFIT OF THE DIXON GALLERY AND GARDENS (THE "GALLERY"). ALTHOUGH THE ENDOWMENT FUND'S BOARD HAS NOT EXPRESSED THE INTENTION TO DO SO, IT MAY, AT ITS DISCRETION, DISTRIBUTE FUNDS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 100,536. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 100,536. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. X X 0 0 0 0 0 0 0 0 0 KEVIN SHARP 176800 0 0 0 23709 0 0 0 5678 0 206187 0 0 0 KEVIN SHARP X 25000 10000 0 1 1 10000 MALLORY ALEXANDER INTERNATIONAL LOGISTICS TWO BOARD TRUSTEES ARE OWNERS IN MALLORY ALEXANDER INTERNATIONAL LOGISTICS. 30141 FREIGHT SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 PERSONAL/FAMILY RELATIONSHIPS: SUZANNE MALLORY (BOARD TRUSTEE) AND W. NEELY MALLORY, JR. (BOARD TRUSTEE) SUZANNE MALLORY (BOARD TRUSTEE) AND WILLIAM N. MALLORY, III (BOARD TRUSTEE) WILLIAM N. MALLORY, III (BOARD) AND W. NEELY MALLORY, JR. (BOARD) BERNICE HUSSEY (BOARD TRUSTEE) AND THOMAS H. HUSSEY ( BOARD TRUSTEE) NANCY COPP (BOARD TRUSTEE) AND HARRIET MCFADDEN (TRUSTEE) JOSEPH ORGILL, III (TRUSTEE) AND ANNE KEENEY (TRUSTEE) FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS CONSISTING OF NOT LESS THAN THREE NOR MORE THAN NINE MEMBERS. UNLESS OTHERWISE DETERMINED BY THE MEMBERS, THE MEMBERS OF THE CORPORATION SHALL CONSIST OF THOSE INDIVIDUALS WHO, FROM TIME TO TIME, SERVE ON THE OPERATING COMMITTEE OF THE HUGO DIXON FOUNDATION ESTABLISHED PURSUANT TO THAT CERTAIN TRUST AGREEMENT BETWEEN HUGO N. DIXON AND THE MORGAN GUARANTY TRUST COMPANY OF NY DATED JULY 21, 1958, AS IT MAY BE AMENDED AND/OR RESTATED FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE CORPORATION WHO IS ELECTED AND QUALIFIED SHALL BE A STANDING MEMBER OF THE BOARD OF TRUSTEES OF THE CORPORATION, AND EACH SHALL HAVE THE RIGHT TO VOTE UPON ALL MATTERS UPON WHICH THE BOARD OF TRUSTEES IS ENTITLED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE, CHAIRMAN AND PRESIDENT OF THE BOARD OF DIRECTORS REVIEW THE FORM 990 DRAFT BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIXON TRUSTEES FILE WITH THE BOARD A STATEMENT DISCLOSING THEIR PERSONAL, BUSINESS OR ORGANIZATION INTERESTS AND AFFILIATIONS AND THOSE OF PERSONS CLOSE TO THEM THAT COULD BE CONSTRUED AS BEING DIXON-RELATED. DISCLOSURE STATEMENTS ARE UPDATED WHENEVER SIGNIFICANT CHANGES OCCUR. FORM 990, PART VI, SECTION B, LINE 15A THE EMPLOYMENT OF THE DIRECTOR AS WELL AS SALARY WAS APPROVED BY THE EXECUTIVE COMMITTEE. AN EMPLOYMENT CONTRACT EXISTS FOR THE CURRENT DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN ITS OFFICE AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ROUNDING 1. TOTAL TO FORM 990, PART XI, LINE 5: 1. THE DIXON GALLERY AND GARDENS ENDOWMENT FUND 4339 PARK AVENUE MEMPHIS TN 38117 581973160 TO ACCEPT FUNDS FOR THE SOLE BENEFIT OF DIXON GALLERY AND GARDENS TN 501 (C)(3) LINE 11 TYPE II N/A 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 1 1 0 DIXON GALLERY AND GARDENS ENDOWMENT FUND C 280000 DIXON GALLERY AND GARDENS ENDOWMENT FUND E 711315 DIXON GALLERY AND GARDENS ENDOWMENT FUND P 55000