2022-09-06T12:33:16-05:00 2021-12-31 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2021-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR COO; INTERIM PRES 3367217316 2022-08-25 true TERRY TAYLOR 999009999 TONY M HARRIS JR P00224272 3367250635 2022-08-25 2021 2022-09-23 18:48:47Z TERRY TAYLOR 600 S MAIN ST WINSTONSALEM NC 27101 9904761 false X WWW.OLDSALEM.ORG X 1950 NC THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. 21 21 79 14 2549 2031916 1862981 116812 187420 828762 1196400 196239 548389 3173729 3795190 0 0 2421311 2632488 0 256882 1949018 1989456 4370329 4621944 -1196600 -826754 79368344 81707076 1867413 1614808 77500931 80092268 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 1680018 88087 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. 786391 41232 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 1108097 58100 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. 3574506 true true false false false false true true false true true false false true false true true false false false false false false false false false false false false true false false false false false false false false true true false false false false false false false true 29 0 true 79 true true true false false false false true true false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true true false NC X THE ORGANIZATION 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 DR EUGENE ADCOCK III TRUSTEE 1.00 X 0 0 0 MRS CHERYL BLACK TRUSTEE 1.00 X 0 0 0 MR CHRISTOPHER P CARACCI SECRETARY 1.00 X X 0 0 0 MRS CHERYL D HARRY TRUSTEE 1.00 X 0 0 0 DR EDWARD G HILL TRUSTEE 1.00 X 0 0 0 MR WILLIAM JOYNER CHAIR 1.00 X X 0 0 0 MS MOLLY LEIGHT TRUSTEE 1.00 X 0 0 0 MRS JUNE LUCAS TRUSTEE 1.00 X 0 0 0 MR WILLIAM C MARINER TREASURER 1.00 X X 0 0 0 MR JAMES E MARTIN TRUSTEE 1.00 X 0 0 0 MRS MARY ELIZABETH MERCIER VICE CHAIR 1.00 X X 0 0 0 MS MARGARET PRITCHARD TRUSTEE 1.00 X 0 0 0 MS DEBORAH RYAN TRUSTEE 1.00 X 0 0 0 DR THOMAS H SEARS JR TRUSTEE 1.00 X 0 0 0 MR DAVID W SHORE TRUSTEE 1.00 X 0 0 0 MR BRENT WADDELL TRUSTEE 1.00 X 0 0 0 MR DAVID WHARTON TRUSTEE 1.00 X 0 0 0 MR FLETCHER WILSON TRUSTEE 1.00 X 0 0 0 DR CORBETT TOUSSAINT TRUSTEE 1.00 X 0 0 0 DR SUMMER MCGEE TRUSTEE 1.00 X 0 0 0 MR JOHNNY PEARSON TRUSTEE 1.00 X 0 0 0 MR FRANK VAGNONE PRES/CEO 40.00 X 220007 0 6383 TERRY TAYLOR COO; INTERIM 40.00 X 89166 0 5930 309173 12313 1 false true false 11632 960445 890904 281371 1862981 ADMISSION FEES 900099 147025 147025 MUSEUM CLASSES 900099 35779 35779 PUBLICATIONS 900099 4616 4616 187420 923037 923037 39771 30239 9532 9532 1548 7984 6016820 264000 5632579 374878 384241 -110878 273363 273363 11632 1552 -1552 -1552 599456 70323 529133 528132 1001 MISCELLANEOUS REVENUE 900099 11276 11276 11276 3795190 726828 2549 1202832 321486 208291 113195 1922219 1640332 212908 68979 234134 209617 24517 154649 119911 21496 13242 13646 13646 54391 20448 32885 1058 65500 65500 38949 38949 7418 4155 2719 544 315586 286490 18609 10487 107657 62097 15983 29577 221374 211615 8118 1641 28448 28291 156 1 666 666 20913 20913 624687 548642 69680 6365 122187 114464 5342 2381 SERVICES 264944 249368 10148 5428 RENT 103090 78410 20696 3984 4621944 3574506 790556 256882 3249034 1828183 571445 344393 158304 119471 201665 148455 146392 143732 24673402 12733535 12583386 11939867 37101757 41741685 25356361 25441290 79368344 81707076 526669 522864 91955 125018 1248789 966926 1867413 1614808 X 42108562 42454895 35392369 37637373 77500931 80092268 79368344 81707076 X -826754 3573145 -155054 X false true X true false X 3379375 1993255 2405788 2031916 1862981 11673315 3379375 1993255 2405788 2031916 1862981 11673315 33354 11639961 905519 999329 1073482 779561 958702 4716593 2676 26065 174643 203384 16593292 10360281 0.70150 0.70740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 36 36 1 false 20.00 1111 264785 25429036 X X X X false 39318454 3930 5912760 1665277 43619867 38556776 11081 3893741 3143144 39318454 33709153 367490 6406388 1926255 38556776 38110153 117044 -2473211 2044833 33709153 34707893 59166 5410863 2067769 38110153 0.18350 0.42820 0.38830 false false 1525210 1525210 15626980 8056240 7570740 2934471 1477336 1457135 3692129 2679116 1013013 894612 520843 373769 11939867 ART AND HISTORICAL TREASURES 25429036 BENEFICIAL INTEREST 12254 25441290 X 6807714 3573145 102114 3675259 3132455 662735 662735 3795190 4813612 257168 257168 4556444 65500 65500 4621944 SCHEDULE D, PAGE 1, 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 CONVENANTS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990T) ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING 1,552 RENTAL EXPENSES 25,331 COST OF GOODS SOLD 63,416 P/L DEPRECIATION 11,815 SCHEDULE D, PAGE 4, PART XI, LINE 4B PPP LOAN FORGIVENESS 662,735 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 25,331 COST OF GOODS SOLD 63,416 FUNDRAISING EVENT EXPENSES 1,552 P/L DEPRECIATION 11,815 WRITE OFF OF BAD DEBTS 155,054 false false false false false false false false false MR FRANK VAGNONE PRES/CEO 220007 6383 226390 X 4 15548 FMV X 23 264785 FMV AND APPRAISALS X SUPPLIES 1 1038 FMV 4 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND SUBMITTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE EXECUTIVE COMMITTEE FORM 990 IS ELECTRONICALLY DISTRIBUTED TO OUR BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL STATEMENT OF COMPLIANCE IS OBTAINED FROM EACH TRUSTEE AND KEY EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15B THE OFFICERS' SALARIES ARE DETERMINED PERIODICALLY USING COMPARATIVE DATA DEVELOPED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE THEN APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, 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. FORM 990, PART XI, LINE 9 BAD DEBT WRITE OFF -155,054