2011-11-09T15:15:07-06:00 2010-12-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-01-01 046113130 JOHN F KENNEDY LIBRARY FOUNDATION INC JOHN 6175141668 C/O DORIS DRUMMOND COLUMBIA POINT BOSTON MA 02125 Doris Drummond 2011-11-09 6175305000 2010 2016-02-24 21:20:13Z CAROLINE KENNEDY COLUMBIA POINT BOSTON MA 02125 23186494 false X www.jfklibrary.org X 1963 MA SEE SCHEDULE O 54 51 69 55 0 0 6208047 9357294 89221 81311 644292 1549300 0 70125 6941560 11058030 42550 29965 0 0 2878436 3203785 9061 14313 1185248 2237797 2659369 5167844 5907432 1773716 5150598 37956597 46686611 650652 1234114 37305945 45452497 X SEE SCHEDULE O. false false 2229348 29965 81311 See Schedule O. 911605 See Schedule O. 856952 See Schedule O. 478828 4476733 true true false false false false true false true true true false false true false true false false false true false false true true false false false true true false false false false false false true true true false false false false false 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Kennedy Townsend 1.0 X 0 0 0 Mr David C Weinstein 1.0 X 0 0 0 Ms Doris R Drummond 40.0 X 160884 0 32282 Mr David McKean 40.0 X 271154 0 18825 Mr Thomas P McNaught 40.0 X 190132 0 22659 Ms Sandra Sedacca 40.0 X 273486 0 40277 Mr John Hawley 38.5 X 142635 0 20112 Ms Dolores Johnson 40.0 X 104139 0 16550 Ms Ariadne Valsamis 38.5 X 117036 0 29248 1259466 0 179953 7 false true false Velir Studios 212 Elm Street Suite 401 SOMERVILLE MA 02144 Website Development 304862 Artgig Studio LLC 444 Bedford Road Suite 204 PLEASANTVILLE NY 10570 Website Production 301548 Gourmet Caterers 3867 Washington Street ROSLINDALE MA 02131 Catering Services 262089 Martin Agency One Shockoe Plaza RICHMOND VA 23219 Advertising Services 245924 Olgivy and Mather 636 11th Aveneue NEW YORK NY 10036 Advertising Services 195504 7 1648349 25028 7683917 2094108 9357294 FILM FOOTAGE LICENSING 512000 39425 39425 FUNCTION REVENUE 900002 41886 41886 81311 892961 892961 0 70125 70125 12570761 60000 11974422 596339 60000 656339 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46686611 X 5150598 2995954 X false true true X false X 4473635 4886582 8179814 6208047 9357294 33105372 4473635 4886582 8179814 6208047 9357294 33105372 8009079 25096293 737784 989801 1120689 789970 963086 4601330 37706702 425729 0.66557 0.69245 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X false 9725298 567822 903109 21062 11175167 7427130 1007848 1308895 18575 9725298 6954724 2703948 -2200140 31402 7427130 0.58000 0.06000 0.36000 true false 1292845 1292845 2964365 1060964 1903401 3196246 ALTERNATIVE INVESTMENTS 8759851 8759851 0 DUE TO LIBRARY 51958 51958 11058030 5907432 5150598 2995954 2995954 8146552 16355618 2995954 2231759 5227713 11127905 84167 -154042 -69875 11058030 8209066 2231759 154042 2385801 5823265 84167 84167 5907432 Schedule D, Part III, Line 1a The Foundation maintains a collection of historical artifacts for public exhibition and education in furtherance of public service and not for financial gain. The Foundation does not capitalize its collection of historical artifacts. The cost of collection items purchased is recorded as a decrease in the appropriate category of net assets. Proceeds from sales of collection items are used to acquire other items for collection or for the preservation of collections. Schedule D, Part III, Line 4 The Foundation holds collection items donated from the estate of Mrs. Kennedy along with various intellectual properties, including audio visual copyright donated by CBS. The intellectual property is used by researchers, along with television or movie producers, fees on which are used to support the mission of the Foundation. Schedule D, Part V, Line 4 The Foundation holds endowment funds and Board Designated Endowments to support fellowships, education programs, Hemingway Conservation, the Profile in Courage Award, and for unrestricted use. Schedule D, Part XII, Line 4b Fundraising Events Expense - ($154,042) Schedule D, Part XIII, Line 2d Fundraising Events Expense - $154,042 Central America and the Caribbean 0 0 Investments 8759851 0 0 0 0 8759851 8759851 true false false false false false X X X X X X X true Amy Goldman Legacy Gift Program false 12969 12969 MA NY DINNER 1802391 1648349 154042 154042 0 1802391 1648349 154042 154042 154042 Fundraising Activities - Schedule G Part I, Line 2b Amy Goldman worked as an independent consultant to the Foundations Development department. Ms. Goldman advised the Development staff senior management on individual gift fundraising and had direct contact with donors who indicated interest in planned gifts. true Travel grants for scholars and researchers 20 29965 General Information on Grants and Assistance Schedule I, Part I The John F. Kennedy Library Grant and Named Fellowships are determined by a committee of the library staff based on application review. The Hemingway Scholars are based upon application review. The grants are for reimbursement for travel costs in order to perform research at the John F. Kennedy Library. The grant amount awarded is based upon the applicant's requested amount to perform research on site. This request is reviewed by the committee in light of reasonable travel costs. X X X X X false false false false false false false true false Ms Doris R Drummond 158384 0 2500 0 0 0 13001 0 19281 0 193166 0 0 0 Mr John Hawley 142635 0 0 0 0 0 831 0 19281 0 162747 0 0 0 Mr David McKean 271154 0 0 0 0 0 16500 0 2325 0 289979 0 0 0 Mr Thomas P McNaught 180132 0 10000 0 0 0 14637 0 8022 0 212791 0 0 0 Ms Sandra Sedacca 273486 0 0 0 0 0 20996 0 19281 0 313763 0 0 0 Form 990, Schedule J, Part II Bonus Payments Bonus payments made to listed individuals were awarded at the discretion of the compensation committee. These bonuses were awarded to reflect the additional duties performed upon the change of a new CEO and the additional efforts associated with JFK50 programs. ESI Inc See Schedule L, Part V 109500 website design services false Abigail Spring stepdaughter of bd member 57722 ex. dir 50th anniversary celeb false Michael Drummond spouse of officer 23337 computer technology services false Schedule L, Part IV, Line 1(b) Board member is President and spouse of President is President of the Foundation X 6 116090 FMV X SOFTWARE/HARDWARE 1 1978018 FMV 0 false true true Schedule M, Part I, Column (B) The foundation is reporting the number of contributions. Schedule M, Part I, Line 32 The foundation utilized a bank to sell the donated stocks. Form 990, Part I, Line 1 and Part III, Line 1 The mission of the John F. Kennedy Library Foundation is to provide financial support, staffing, and creative resources for the John F. Kennedy Presidential Library and Museum, whose core function is to collect, preserve, and make available for research the documents, audiovisual materials, and historic artifacts of President Kennedy, his family, and his contemporaries. While the Kennedy Presidential Library and Museum receives an annual federal appropriation for building maintenance and a portion of its personnel costs, the appropriation from Congress amounts to 34% of the library and foundation's annual operating budget. The balance is provided by income generated from admission fees to museum, museum store sales, usage fees for the library's meeting facilities; and through the generosity of thousands of private individuals, corporations, and foundations who donate money and in-kind services to the John F. Kennedy Library Foundation. In 2010, the Kennedy Library Foundation contributed approximately 48%, or $8.2 million, of the library and foundation's projected $17 million annual operating budget. through its financial support of library programs, and through its own sponsorship of programs such as the John F. Kennedy award programs, digital archive project, marketing and communication project, the Kennedy library forums, and the planning of the 50th anniversary events of President Kennedy's administration, the Kennedy Library Foundation is united with the library in a common mission to promote the ideal of public service and political participation and to perpetuate President Kennedy's own belief that one person can make a difference and that every person should try. Form 990, Part III, Line 4a Digital Archives, Web Development and JFK50 - In 2010, the John F. Kennedy Library Foundation worked with The National Archives and the John F. Kennedy Presidential Library and Museum to complete an online digital library consisting of the most important papers, documents, photographs, video and audio recordings of President John F. Kennedy for the purpose of making them accessible to citizens throughout the world. The projects' objectives were five-fold: the long-term preservation of administration records, photographs, documents, video and audio; online accessibility to a worldwide audience; enhance one's ability to search the collection using metadata; protecting historical assets through remote replication; and minimizing wear and tear on irreplaceable physical assets. On January 13, 2011 David S. Ferriero, Archivist of the United States, and Caroline Kennedy, President of the John F. Kennedy Library Foundation, unveiled the nation's largest online digitized presidential archive that featured approximately 200,000 pages; 300 reels of audio tape, containing more than 1,245 individual recordings of telephone calls, speeches and meetings; 300 museum artifacts; 72 reels of film; and 1,500 photos. In conjunction with the digital archives project, the Foundation supported the development of the new website, including the www.JFK50.org that was created to invite young visitors to explore the legacy of JFK through the core themes of public service, science and innovation, civil rights, domestic affairs, the arts, foreign policy/diplomacy and the environment. The site was designed to engage a new generation around JFK's legacy and demonstrate how his legacy is relevant to contemporary social and political trends. As part of the 50th Anniversary Project (2011-2013), the Foundation plans on adding new content to two of the site's major components - the Legacy Gallery and Downloadable Exhibits. And at the completion of the 50th anniversary, we plan to integrate the site's introductory films, History Now, Legacy Gallery and Download & Resources components into the JFK Library web site. Student interns were an integral part of the digital archives. The Foundation employs between 20-40 interns each year. In 2010 the Kennedy Library Foundation planned for the launch of the 50th Anniversary celebrations which considered a series of projects and programs to be developed and produced over the course of 2011-2013 that would mark this historic anniversary. In addition to the multimedia website (www.JFK50.org) aimed at youth; the launch of the nation's largest online digital Presidential archive (www.JFKLibrary.org); the design and launch of a new website, the campaign also included planning for events in 2011 of the following: a tribute by Vice President Joseph Biden and House and Senate leaders in the Capitol Rotunda; a national public service advertising initiative featuring Jimmy Fallon; a JFK50 video-on-demand channel; a salute by the arts and cultural community at the Kennedy Center for the Performing Arts; a national address by President Barack Obama; major national and international news coverage; and several other signature and high-profile events in both Boston and Washington, DC. Form 990, Part III, Line 4b Communications and Marketing - The Museum at the John F. Kennedy Presidential Library is the fifth largest paid attraction in the City of Boston. In 2010 the Museum had 196,407 Daytime Visitors. The Foundation provides direct support in promoting the Museum as a national and international tourist destination and attraction and to serve as the Library's representative to the travel and tourism. Marketing and Sales is responsible for promoting paid attendance to the Museum, representing the Museum at travel conferences, trade shows, domestic and international sales missions and group tour meetings; and overseeing the design and production of all marketing and promotional materials including rack cards, brochures, posters, displays, and subway stop directional signage. The Communications Department leads the institutions' communication efforts by managing all media relations, orchestrating press events, editing and producing publications and printed materials, overseeing and producing website content, and utilizing new media and social marketing to engage on-line audiences. Form 990, Part III, Line 4c Education and Public Programs - The Foundation continues to support the education and public programs to provide an extensive and diverse roster of programs for students and teachers, adults, families, and web visitors. They include history and civic education offerings, public forums on both contemporary issues and historical topics, gallery talks and demonstrations, and performing arts series. Programs are mission-driven and are audience-centered. These programs help people understand the history of JFK's era; promote debate and discussion of issues at the heart of contemporary democracy today that relate to the legacy of President Kennedy; promote engagement with the arts; and inspire current and future generations to political participation and public service. With the exception of web offerings, the vast majority of our audiences served through these programs are K-12 students and adult forum attendees. On average, the programs serve approximately 50,000 people a year. As the only presidential library in New England and the region's premier content-provider of educational resources focusing on 20th-century American history, social studies, and civics, through the support of the Foundation the Library is able to serve more than 22,000 students through in-depth guided and self-guided programs, and award-winning enrichment programs. School programs focus on history and/or civic education topics that are curriculum-relevant and mindful of state and national standards. History education programs feature a targeted exploration of the museum galleries paired with onsite classroom activities highlighting documentary source materials from the Library's collections. Civic education programs are geared largely to high school audiences. Opportunities are provided for students from rural, urban and suburban schools to examine together in a multi-school setting such contemporary issues as the federal budget or state and national elections, and give them the tools to be both informed and active citizens. A new school program for large student groups from around the country features a docent-facilitated gallery offering highlighting key decisions of JFK's presidency. Programs are free for New England school groups. Free bus transportation to the Library for Boston and Lynn, MA Public Schools eliminates barriers to access for these under-resourced schools. Form 990, Part III, Line 4d The John F. Kennedy Profile in Courage Award is presented annually to public servants who have made courageous decisions of conscience without regard for the personal or professional consequences. The award is named for President Kennedy's 1957 Pulitzer Prize-winning book, Profiles in Courage, which recounts the stories of eight U.S. Senators who risked their careers, incurring the wrath of constituents or powerful interest groups, by taking principled stands for unpopular positions. The John F. Kennedy Library Foundation created the Profile in Courage Award in 1989 to honor President Kennedy's commitment and contribution to public service. In 2010 the award was presented to Elizabeth Redenbaugh, a New Hanover County, North Carolina School Board member who stood up against what she perceived as racial segregation in school redistricting plans, and Wael Ghonim and the people of Egypt, whose courageous demand for democratic reform inspired similar movements across the Middle East. Governance, Management and Disclosure Form 990, Part VI, Line 2 Caroline Kennedy, Edwin Schlossberg - Family Relationship Sumner M. Redstone, Shari E. Redstone - Family Relationship Form 990, Part VI, Line 11 The Foundation staff prepares information and provides to a public accounting firm and the return is prepared and reviewed by a public accounting firm that signs as paid preparer. As part of a formal meeting, the audit committee performs a detailed review of the form 990 with management. Subsequent to their satisfactory review, the full board of directors receives the final form 990 prior to filing. All questions are answered and resolved by management prior to filing the documents with the IRS. Form 990, Part VI, Lines 13 and 14 The foundation has written whistleblower and document retention and destruction policies in place. The policies, however, were not formally adopted by the governing board or an authorized board committee by the end of the foundation's 2010 tax year. The foundation intends that each of these policies will be adopted by its governing board or an authorized committee of the board by the end of its 2011 tax year. Form 990, Part VI, Line 15b The board of directors has established a compensation committee comprised of independent members, for which they have the delegated authority to review all compensation matters. This committee meets at least annually, if not more frequently, to review the compensation of the Ceo and key employees. The committee has hired a compensation consultant to prepare comparable data which is relied upon to make compensation decisions. Minutes of each meeting are prepared and approved by the committee within 60 days. Form 990, Part VI, Line 19 Financial statements are available to the public upon written or verbal request. They are also filed annually with Form MA PC filed with the Massachusetts Attorney General's Office. Certain governing documents are available at the Massachusetts Secretary of State's office. The conflict of interest policy is available upon written or verbal request. Form 990, Part XI, Line 5 Net Unrealized Gain on Investments is $2,995,954.