2011-01-31T07:14:24-06:00 2010-06-30 CHERRY BEKAERT & HOLLAND LLP 1700 BAYBERRY COURT SUITE 300 RICHMOND VA 232263791 990 2009-07-01 311618642 Jamestown-Yorktown Foundation Inc JAME 7572535237 PO BOX 3605 WILLIAMSBURG VA 23187 PHILIP EMERSON 7572535237 2011-01-24 1 8046734224 2011-01-24 2009 2016-02-24 21:20:13Z PHILIP EMERSON PO BOX 3605 WILLIAMSBURG VA 23187 1216212 0 X WWW.HISTORYISFUN.ORG X 1998 VA THE JAMESTOWN-YORKTOWN FOUNDATION, INC. (THE ORGANIZATION), IS A NON-PROFIT, 501(C)(3) CORPORATION ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES IN SUPPORT OF THE PROGRAMS OF THE JAMESTOWN-YORKTOWN FOUNDATION AND ITS MUSEUMS, JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER. THE ORGANIZATION DIRECTS FUND RAISING FOR PRIVATE GIFTS, MANAGES THE ENDOWMENT, AND ASSISTS WITH THE ACQUISITION OF ARTIFACTS FOR THE COLLECTION OF THE JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER MUSEUMS. THE ORGANIZATION RECEIVES CHARITABLE GIFTS AND DONATIONS FOR THE BENEFIT OF THE FOUNDATION. 19 19 0 520 0 0 5793882 891438 11992 10579 247053 313468 175535 727 6228462 1216212 189904 155756 0 0 0 512490 2226428 1280813 2416332 1436569 3812130 -220357 14025273 14242113 597414 307392 13427859 13934721 THE JAMESTOWN-YORKTOWN FOUNDATION, AN EDUCATIONAL INSTITUTION OF THE COMMONWEALTH OF VIRGINIA, SHALL FOSTER THROUGH ITS LIVING-HISTORY MUSEUMS - JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER - AN AWARENESS AND UNDERSTANDING OF THE EARLY HISTORY, SETTLEMENT, AND DEVELOPMENT OF THE UNITED STATES THROUGH THE CONVERGENCE OF NATIVE AMERICAN, EUROPEAN, AND AFRICAN CULTURES AND THE ENDURING LEGACIES BEQUEATHED TO THE NATION. 0 0 531666 10579 Gifts to the Annual Fund provide unrestricted support that is critical for museum and education programs, including special museum events that draw visitors and inspire a lifelong love of history; outreach education programs that bring our proven hands-on history techniques to classrooms across Virginia; and the maritime education program through which one of our replica 17th-century ships travels periodically to ports along Virginia's coast and serves as a floating classroom. 145585 0 In fiscal year 2010, the Jamestown-Yorktown Foundation engaged and educated 647,998 visitors at our museums. We reached 292,372 students on site and in outreach settings with our face-to-face education programs - more than any other museum in Virginia. New educational materials, including an "Economics of Jamestown" video, "Virginia: From Colony to Commonwealth" audio spots, and three essays relating to the American Revolution period, were added to the Educational Adventures section of www.historyisfun.org, which offers an array of curriculum materials and information about programs for teachers and homeschool families. 51000 0 The Jamestown-Yorktown Foundation, Inc., continued to raise private funds in support of the Yorktown Victory Center, as it is being transformed into a museum of national significance for its power to bring the entire story of the American Revolution to life to teach the stories of the people, places, and principles that forged our nation. Among the most pressing needs are raising private funds to support gallery exhibits, outdoor exhibits and educational resources for the new museum and strengthening the collection of artifacts that tell the compelling story of the American Revolution. In fiscal year 2010, we made significant progress in gallery and outdoor exhibits planning and successfully acquired artifacts in support of the educational goals of the Yorktown Victory Center. 728251 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 1 3 0 1 0 0 0 0 0 0 0 0 0 0 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 0 0 0 VA CA MD NY NC PA X TINA SINCLAIR 7572535237 200 HAWKS NEST DR WILLIAMSBURG VA 23187 X SUE H GERDELMAN X X 0 0 0 HARRY A PEARCE X X 0 0 0 JANE T KAPLAN X X 0 0 0 J ROBERT MOONEY X X 0 0 0 A MARSHALL ACUFF JR X X 0 0 0 JEANNIE P BALILES X 0 0 0 MARI ANN BANKS X 0 0 0 DIANA F CANTOR X 0 0 0 H BENSON DENDY III X X 0 0 0 MARJORIE N GRIER X 0 0 0 JOHN H HAGER X 0 0 0 KENNETH M KRAKAUR X 0 0 0 ROBERT E MARTINEZ X 0 0 0 GEORGE L MCCABE JR X 0 0 0 CARROLL W OWENS JR X 0 0 0 JOHN W ROSENBLUM X 0 0 0 THOMAS D RUTHERFOORD J X 0 0 0 STERLING M NICHOLS X 0 0 0 CLIFFORD B FLEET X 0 0 0 LINDA T BAKER X 0 0 0 JOSEPH W MONTGOMERY X 0 0 0 0 0 0 0 0 0 0 0 891438 18796 891438 Jamestown Settlement D 900099 10579 10579 10579 313468 313468 OTHER INCOME 900099 727 727 727 1216212 0 0 324774 155756 155756 2753 2753 146919 74478 72441 50949 25828 25121 19387 19387 MANAGEMENT SERVICES 411870 76546 335324 EVENTS AND EXHIBITS 334814 334814 CONTRACT SERVICES 192888 105665 87223 PRINTING 50459 25580 24879 FUNDRAISING 39057 39057 31717 6130 24701 886 1436569 728251 195828 512490 161805 43965 6884839 6535234 1251060 1009831 1000 6500 5726569 6646583 14025273 14242113 304555 14533 292859 292859 597414 307392 X 6941478 7486463 1947264 1862641 4539117 4585617 13427859 13934721 14025273 14242113 X 0 1 1 X 0 X 2201667 3982666 1409356 5793882 891438 14279009 2201667 3982666 1409356 5793882 891438 14279009 71893 14207116 223958 403676 531598 247053 313468 1719753 26396 203917 175535 727 406575 16405337 62262 0.86600 0.85990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9095127 75131 1040687 174195 10036750 6411196 4075717 -1177896 213890 9095127 0.50000 0.50000 0.00000 0 0 0 MULTI-ASSET FUND 6646583 F 6646583 DUE TO COMMONWEALTH 292859 292859 1216212 1436569 -220357 727219 727219 506862 1943431 727219 727219 1216212 0 1216212 1436569 0 1436569 0 1436569 Part V, Line 4: Description of Intended Use of Endowment Funds: Board Designated Endowments The Foundation's Board of Directors has designated a portion of unrestricted net assets as funds functioning as endowments. Separate funds have been established for the Acquisitions Fund, Education Programs Fund and General Endowment. The purpose of the Acquisitions Fund is to provide an ongoing source of funding for purchasing and preserving artifacts relevant to Jamestown Settlement and Yorktown Victory Center. The primary investment objective of this fund is to preserve and protect assets by focusing on conservation of principal and long-term growth of capital and income. This objective is generally attained by investing in a portfolio of high quality securities. Expenditures from the fund are based upon a 5% spending plan using a three-year average market value. No funds were withdrawn from the fund for artifacts in 2010 and 2009. The purpose of the Education Programs Fund is to provide an ongoing source of funding for supporting educational programs including on-site and outreach education; outdoor interpretive areas and related programming; and changing exhibitions. The primary investment objective of the fund is to preserve and protect its assets by focusing on conservation of principal and long-term growth of capital and income. This objective is generally attained by investing in a portfolio of high quality securities. Expenditures from this fund are based upon a 5% spending plan using a three-year average market value. Funds of $-0- and $4,800 were withdrawn from the fund for programs in 2010 and 2009, respectively. The General Endowment fund was established to provide cash flow for Jamestown Yorktown Foundation, Inc. and Jamestown-Yorktown Foundation. The primary investment objective of the General Endowment fund is to preserve and protect the assets by focusing on conservation of principal and long-term growth of capital and income. This objective is generally attained by investing in a portfolio of high quality securities. Expenditures from the fund are based upon a 5% spending plan using a three-year average market value. Funds of $170,000 and $195,000 were withdrawn from the fund in 2010 and 2009, respectively. Donor Restricted Endowments At June 30, 2010, the Foundation's donor restricted endowment funds consist of 9 individual funds established for a variety of purposes. In addition, the Foundation has established the Education Programs Fund to receive permanently restricted donor gifts to support educational programs including on-site educational programs; statewide and national outreach programming and future permanent and special exhibits. The investment policy for donor restricted endowment funds is to preserve the purchasing power of the assets and to ensure that the present value of the invested funds grows at a rate that will exceed inflation, preserve principal and generate maximum total return consistent with acceptable levels of risk. This objective is currently attained by investing in a portfolio of high quality securities. Part X: Description of Uncertain Tax Positions Under FIN 48: The Foundation has evaluated the effect of generally accepted accounting principles (GAAP) guidance on Accounting for Uncertainty in Income Taxes that became effective this year. Management believes that the Foundation continues to satisfy the requirements of a tax-exempt organization and therefore had no uncertain income tax positions at June 30, 2010. 1 COMMONWEALTH OF VA JAMESTOWN YORKTOWN FOUNDATION PO BOX 1607 WILLIAMSBURG VA 23185 546022061 115(1) 155756 EDUCATIONAL INITIATIVES, MAINLY THE TEACHER'S INSTITUTE AND STATEWIDE OUTREACH EDUCATION PROGRAM 1 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE ORGANIZATION ONLY MAKES GRANTS TO JYF, AN AGENCY OF THE COMMONWEALTH OF VIRGINIA. RESTRICTED GIFTS TRANSFERRED TO THE STATE AGENCY ARE EXPENDED IN ACCORDANCE WITH THE ORIGINAL GIFT RESTRICTION. Form 990, Part VI, Section B, line 11 THE FOUNDATION'S AUDIT COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, REVIEWS THE FORM 990 BEFORE IT IS FILED. THE FILED FORM 990 IS MADE AVAILABLE TO THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Section B, line 12c EACH MEMBER, UPON JOINING THE BOARD, IS REQUIRED TO SIGN THE AGENCY'S CODE OF ETHICS POLICY, WHICH MAKES APPLICABLE TO THE JAMESTOWN-YORKTOWN FOUNDATION, INC. (THE ORGANIZATION), THE SAME DISCLOSURE/CONFLICT OF INTEREST POLICIES AS STATE MEMBERS. WHILE THE ORGANIZATION'S MEMBERS ARE NOT REQUIRED TO SUBMIT THE CONFLICT OF INTEREST FORM ANNUALLY, THEY ARE HELD TO THE SAME STANDARDS AND MAY BE ASKED AT ANY TIME TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. In order to ensure that the judgment of public officers and employees will not be compromised or affected by inappropriate conflicts, or the appearance of inappropriate conflicts, between personal economic interests and the official duties of Virginia's public servants, paid and non-paid employees of the Foundation and members of the Jamestown-Yorktown Foundation Board of Trustees are subject to and shall be responsible for familiarizing themselves with and adhering to the provisions of the State and Local Government Conflict of Interest Act (Title 2.2, Chapter 31, Code of Virginia). The Foundation extends the requirements of the Act to members of the Jamestown-Yorktown Foundation, Inc., Board of Directors and the Jamestown-Yorktown Educational Trust Board of Directors, except that members of these bodies are not required to file an annual Statement of Economic Interest/Financial Disclosure Statement. Form 990, Part VI, Section C, line 19 OUR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST; OUR CODE OF ETHICS IS A PUBLIC DOCUMENT; FINANCIAL INFORMATION IS AVAILABLE THROUGH THE JAMESTOWN-YORKTOWN FOUNDATION, INC., ANNUAL REPORT OF DONORS. The Audit sub-committee of the Board of Directors of JYF, Inc. is responsible for the oversight of the audit and selection of independent accountants. (Process did not change from prior year) PART V, LINE 2A EXPLAINATION: Jamestown-Yorktown Foundation, Inc. (JYF INC) is a private affiliate of the Jamestown-Yorktown Foundation (JYF), which is the state agency that operates the museums and provides educational programming. Technically, while JYF INC has no employees, it reimburses JYF for a portion of the personnel expense incurred by JYF to staff JYF INC activities.