2011-10-17T13:26:45-05:00 2011-02-28 CANNON & COMPANY LLP CPA'S 2160 COUNTRY CLUB ROAD WINSTONSALEM NC 27104 990 2010-03-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 ERIC HOYLE 3367217300 2011-10-18 1 CRAIG V HOPKINS 3367250635 2010 2016-03-07 17:11:31Z LEE FRENCH 600 S MAIN STREET WINSTONSALEM NC 27101 31000692 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 32 30 246 127 0 0 1369466 1227786 921169 908832 893780 2600063 1501313 1585955 4685728 6322636 0 0 0 0 4143833 4171481 0 0 561901 2952074 2722581 7095907 6894062 -2410179 -571426 73156782 72127985 4599912 2615138 68556870 69512847 THE PRESERVATION, PRESENTATION AND EXPLORATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 0 0 840945 404451 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. ALSO, COPIES OF PUBLICATIONS WERE PRODUCED, INCLUDING GUIDEBOOKS AND JOURNALS. 1576795 758358 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 32 HISTORIC PROPERTIES AND OVER 15,200 ANTQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC 2613149 1256791 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. HOSTED OVER 75,500 VISITORS, INCLUDING 33,600 SCHOOL CHILDREN. 5030889 1 1 0 0 0 1 1 0 1 1 0 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 50 0 1 246 1 1 0 1 EI 0 0 0 0 1 0 0 0 0 X 32 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIC HOYLE 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 DR EUGENE W ADCOCK III X 0 0 0 DR ANTHONY ATALA X 0 0 0 MR MICHAEL J BOZYMSKI X 0 0 0 MR CRAIG CANNON X 0 0 0 MR F HUDNALL CHRISTOPHER JR X 0 0 0 MR J HAYWOOD DAVIS X 0 0 0 MRS RAGAN FOLAN X 0 0 0 MR ANTHONY L FURR X 0 0 0 MR RICHARD GOTTLIEB X 0 0 0 MR JAMES A GRAY III X 0 0 0 MR MICHAEL HOUGH X 0 0 0 MR STAN KELLY X 0 0 0 DR ALLSTON J STUBBS III X 0 0 0 BETSY ANNESE X 0 0 0 ROBERT BEACH X 0 0 0 ROBERT BROWN X 0 0 0 HENRY JORDAN II X 0 0 0 DONALD REAVES X 0 0 0 JOHN THOMAS III X 0 0 0 WILLIAM WATSON X 0 0 0 FRANK DRISCOLL X 0 0 0 PAUL FULTON X 0 0 0 TED GOSSETT X 0 0 0 S REVELLE GWYN X 0 0 0 NICK BRAGG X 0 0 0 BOB GFELLER X 0 0 0 TONY MONTAG X 0 0 0 ED PLEASANTS X 0 0 0 RICK WIMMER X 0 0 0 MRS JUDY LAMBETH X 0 0 0 MS CHRIS MINTER-DOWD X 0 0 0 MR L G ORR JR X 0 0 0 MR LEE FRENCH 40.00 X 182688 0 1237 JOHN LARSON 40.00 X 61246 0 7200 THOMAS CONNORS 40.00 X 100000 0 4821 PAULA LOCKLAIR 40.00 X 60079 0 4201 ROBERT LEATH 40.00 X 69324 0 8508 GARY ALBERT 40.00 X 60523 0 3864 ERIC HOYLE 40.00 X 67238 0 8917 601098 0 38748 2 0 1 0 0 48750 1179036 1227786 ADMISSION FEES 900099 782592 782592 126240 126240 908832 1005497 1005497 2950 2950 142051 74939 67112 67112 -5125 72237 23826894 1339643 21044004 2527967 2782890 -1188324 1594566 1594566 2526542 1031146 1495396 1495396 MISC. REVENUE-RELATED- 900099 19405 19405 RESEARCH FEES 900099 1092 1092 20497 6322636 2419600 0 2675250 699591 247866 319723 132002 2955461 2445633 298401 211427 260595 217044 32813 10738 255834 210255 28226 17353 15773 15773 146426 146426 90924 44589 30438 15897 85475 80585 2031 2859 3837 2977 860 72082 72082 446561 409701 28930 7930 145490 121756 20842 2892 SUPPLIES 559493 396920 72300 90273 SERVICES 431550 324646 94080 12824 UTILITIES 299386 245260 53456 670 PROFESSIONAL SERVICES 244631 2466 190630 51535 OTHER FEES 83262 60650 20049 2563 97691 74115 21498 2078 6894062 5030889 1301272 561901 180745 829469 306918 74834 65245 605822 635169 84831 90160 19303291 8231245 34203903 11072046 36901846 38782728 12000 9000 263332 21166719 73156782 72127985 564912 392763 35000 152094 4000000 2060992 0 9289 4599912 2615138 X 46926584 47199502 4390059 5024312 17240227 17289033 68556870 69512847 73156782 72127985 X -571426 1527403 X X 0 1 1 X 0 X 1733781 2924480 1985267 1370097 1227786 9241411 1733781 2924480 1985267 1370097 1227786 9241411 885590 8355821 3425412 3840499 4009302 1103777 1150498 13529488 17783 4642 20497 42922 22813821 16378214 0.36630 0.35010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 37 22 1 0 200.00 5300 0 20874162 X X X X 0 36901001 1775668 5315653 5050431 160091 38781800 30410179 117436 9902341 3364465 164490 36901001 49371081 110458 -16048622 2837304 185434 30410179 0.56000 0.44000 1 0 15404275 5676071 9728204 1243080 438699 804381 2196710 1803449 393261 459226 313026 146200 11072046 ART AND HISTORICAL TREASURES 20874162 BENEFICIAL INTEREST 292557 21166719 CHECKS IN EXCESS OF CASH 9289 9289 6322636 6894062 -571426 1527403 1527403 955977 8956124 1527403 1106085 2633488 6322636 0 6322636 8000147 1106085 1106085 6894062 0 6894062 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 ORGANIZATIONS 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 74,939. COST OF GOODS SOLD 1,031,146. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 74,939. COST OF GOODS SOLD 1,031,146. 0 X X X X X X 0 CAPITAL DEVELOPMENT 315 N SPRUCE ST SUITE 215A WINSTON SALEM NC 27101 CAPITAL CAMPAIGN PLANNING SERVICES 0 0 27598 -27598 27598 -27598 X X 0 0 0 0 0 0 0 0 0 MR LEE FRENCH 182688 0 0 0 0 0 0 0 1237 0 183925 0 0 0 X 11 270400 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 A, LINE 2 TWO TRUSTEES, ROBERT BEACH AND WILLIAM R WATSON, HAVE A BUSINESS RELATIONSHIP. 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 GAINS ON INVESTMENTS: 1,527,403. FORM 990. PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.