2025-06-26T13:47:45-04:00 2024-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2024-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR PRESIDENT/CEO 3367217316 2025-06-26 true false JANE R POTTER P01057495 3367682310 2025-06-26 2024 2025-03-06 01:10:19Z TERRY TAYLOR 600 S MAIN STREET WINSTONSALEM NC 27101 8513157 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. 31 31 138 51 0 3279336 2853441 925977 1009020 1988255 3006124 866694 814847 7060262 7683432 0 0 3341251 3588285 0 445966 2760656 2803250 6101907 6391535 958355 1291897 69957134 73818193 972570 1863643 68984564 71954550 THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM. false false 2282765 771988 EDUCATIONAL PROGRAM: INTERPRETIVE TOURS, SPECIAL EVENTS AND MUSEUM CLASS PROGRAMS ARE HELD FOR EDUCATIONAL PURPOSES. 1277144 431906 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 1723046 582702 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. 5282955 true true false false false false true true false true true false false true true true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 58 0 true 138 true false false false false false false false false false false false false X 31 31 false false false false false false false true true false false true true true true true true true false false NC X OLD SALEM INC 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 TERRY TAYLOR PRESIDENT/CE 40.00 X 133821 0 6627 BARRY R SIDDEN TRUSTEE 1.00 X 0 0 0 CYTHIA SKAAR TRUSTEE 1.00 X 0 0 0 ANNE L LANTRY TRUSTEE 1.00 X 0 0 0 DR EDWARD G HILL JR TRUSTEE 1.00 X 0 0 0 DR THOMAS H SEARS JR TRUSTEE 1.00 X 0 0 0 MOLLY A LEIGHT TRUSTEE 1.00 X 0 0 0 FLETCHER P WILSON TRUSTEE 1.00 X 0 0 0 PEGGY C CARTER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER L DUVALL TRUSTEE 1.00 X 0 0 0 JULIANA FALK TRUSTEE 1.00 X 0 0 0 DR TORREN GATSON TRUSTEE 1.00 X 0 0 0 WILLIAM T GOSSETT TRUSTEE 1.00 X 0 0 0 THOMAS C HINES TRUSTEE 1.00 X 0 0 0 JESSE KEEVER TRUSTEE 1.00 X 0 0 0 BRADLEY S PARRIS TRUSTEE 1.00 X 0 0 0 FREDERICK W VAUGHAN TRUSTEE 1.00 X 0 0 0 CHERYL BLACK TRUSTEE 1.00 X 0 0 0 CHRISTOPHER P CARACCI TRUSTEE 1.00 X 0 0 0 DR EUGENE W ADCOCK TRUSTEE 1.00 X 0 0 0 G WILLIAM JOYNER III TRUSTEE 1.00 X 0 0 0 TRENT JERNIGAN TRUSTEE 1.00 X 0 0 0 JUNE LUCAS TRUSTEE 1.00 X 0 0 0 F SHEFFIELD HALE EX OFFICIO 1.00 X 0 0 0 DR SUMMER MCGEE EX OFFICIO 1.00 X 0 0 0 JOHNNIE PEARSON EX OFFICIO 1.00 X 0 0 0 KAREN WALTER EX OFFICIO 1.00 X 0 0 0 KARL W KAPP EX OFFICIO 1.00 X 0 0 0 DAVID WHARTON CHAIR 1.00 X X 0 0 0 DAVID W SHORE VICE CHAIR 1.00 X X 0 0 0 S HAYES WAUFORD JR SECRETARY 1.00 X X 0 0 0 WILLIAM E HOLLAN III TREASURER 1.00 X X 0 0 0 133821 6627 1 false false false PILOT AIR LLC 292 WEST HWY 52 BYPASS PILOT MOUNTAIN NC 27041 MAINTENANCE 125265 1 400380 2453061 367833 2853441 ADMISSIONS 900099 829340 829340 MUSEUM CLASSES 900099 179680 179680 1009020 1447708 1447708 235 235 37275 9151 28124 28124 28124 1651272 527130 619986 1651272 -92856 1558416 1558416 978164 200588 777576 777576 MISCELLANEOUS REVENUE 900099 8912 8912 8912 7683432 1786596 3043395 140448 56179 70224 14045 2940050 2475045 235870 229135 71020 62759 6307 1954 209495 188332 15880 5283 227272 187098 22056 18118 25858 25858 43500 22867 20067 566 59163 59163 280444 174909 50885 54650 97008 94708 2300 220905 157618 25270 38017 325817 289572 35856 389 79026 79026 1040 1148 -155 47 40893 40893 564004 552781 9926 1297 159463 153247 3787 2429 SUPPLIES 486139 399157 19533 67449 MAINTENANCE 321272 320233 545 494 MISCELLANEOUS 53940 41837 5295 6808 EQUIPMENT RENTAL 34778 26439 5354 2985 10000 10000 6391535 5282955 662614 445966 1410295 357306 692294 245321 147255 146080 125200 132357 22136754 12961265 9853606 9175489 37932931 39681937 19795553 24079703 69957134 73818193 623847 568367 43525 50709 1000000 305198 244567 972570 1863643 X 29530972 29088923 39453592 42865627 68984564 71954550 69957134 73818193 1291897 1678089 X false true X true false X 2031916 1862981 1465994 3279336 2853441 11493668 2031916 1862981 1465994 3279336 2853441 11493668 315326 11178342 779561 962808 1540142 1275911 1485218 6043640 6190 11215 14259 8912 40576 17577884 6883738 0.63590 0.65050 X PART II, LINE 10 FUNDRAISING REVENUE 6,190 MISCELLANEOUS 34,386 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 36 36 1 false 10.00 649 83050 20662190 X X X X false 39166335 1638362 4740308 2739087 59163 42746755 35861760 11669 4901931 1557376 51649 39166335 42675961 29743 -4956086 1805067 82791 35861760 38374548 3930 5962760 1665277 42675961 37612870 11081 3893741 3143144 38374548 0.07170 0.44730 0.48100 false false 320698 320698 19833062 11371897 8461165 620091 437152 182939 1360507 1149820 210687 2396 2396 9175489 COLLECTIONS 20662190 ENDOWMENT 3064818 RIGHT OF USE ASSET 244567 OTHER ASSETS 108128 24079703 LEASE LIABILITY 244567 244567 X 9514424 1678089 2326 209740 1890155 7624269 59163 59163 7683432 6544438 2326 209740 212066 6332372 59163 59163 6391535 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 COVENANTS. SCHEDULE D, PAGE 2, PART III, LINE 4 OBJECTS HELD FOR DISPLAY COMPRISE THOUSANDS OF ITEMS, INCLUDING LOCAL- MANUFACTURED ANTIQUE FURNITURE, FIXTURES FROM HISTORIC BUILDINGS, TEXTILES, ARTWORK, AND LITERATURE. THE COLLECTION IS ESSENTIAL TO THE ORGANIZATION'S MISSION. THE ORGANIZATION HAS AN ESTABLISHED COLLECTIONS MANAGEMENT POLICY AROUND THE ACCESSION (ACQUISITION), DEACCESSION (DISPOSAL), LOAN, AND CARE OF THE COLLECTION. PROCEEDS RECEIVED AS A RESULT OF ANY DEACCESSION ARE USED FOR THE SOLE PURPOSE OF REFINING AND UPGRADING PERMANENT COLLECTIONS THROUGH ACQUISITION OR DIRECT OBJECT CONSERVATION. COLLECTION ITEMS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSES. THE ORGANIZATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT- FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSES. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE ORGANIZATION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE ORGANIZATION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR GROSS UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE ORGANIZATION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 200,589 RENTAL EXPENSES 9,151 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 200,589 RENTAL EXPENSES 9,151 X 6 284192 FAIR MARKET VALUE X 16 83050 FMV AND APPRAISALS X SUPPLIES 1 591 FAIR MARKET VALUE 2 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 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON SPECIFIC REQUEST.