2015-11-03T09:55:26-06:00 2014-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2014-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037998699 PO BOX 110 MOUNT VERNON VA 221210110 PHILIP MANNO CHIEF FINANCIAL OFFICER 7037998699 2015-11-03 1 FRANK H SMITH P00639053 2028225000 2015-10-15 2014 2016-04-25 22:37:26Z CURTIS C VIEBRANZ PO BOX 110 MOUNT VERNON VA 221210110 129797024 0 X WWW.MOUNTVERNON.ORG X 1853 VA THE MISSION OF THE MOUNT VERNON LADIES' ASSOCIATION (THE ASSOCIATION) IS TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THROUGHOUT THE WORLD ABOUT THE LIFE AND LEGACIES OF GEORGE WASHINGTON, SO THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS. 29 29 721 400 1526583 -271016 24922730 9247345 13958369 13655456 3195359 3880299 9498552 9929635 51575010 36712735 247182 46500 0 0 19938620 21370375 951451 1035853 2653350 23690824 23305933 44828077 45758661 6746933 -9045926 300884282 287766062 25152918 25897610 275731364 261868452 X TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THROUGHOUT THE WORLD ABOUT HIS LIFE AND LEGACIES, SO THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS. 0 0 39413687 46500 21192693 SEE SCHEDULE OVISITOR ENGAGEMENT:WELCOMED 1,057,000 VISITORS TO THE ESTATE IN 2014. STUDENTS TOTALING 329,000 VISITED FROM ALL 50 OF THE UNITED STATES AND AROUND THE WORLD. WE REMAINED THE MOST POPULAR HISTORIC ESTATE IN AMERICA. OUR INTERPRETATION STAFF CONTINUED TO EXPAND THE EDUCATION EXPERIENCE AT MOUNT VERNON WITH NEW AND EXCITING PROGRAMS FOR VISITORS OF ALL AGES.WE HOSTED A NUMBER OF POPULAR PUBLIC EVENTS ON THE ESTATE. PROGRAMS SUCH AS CHRISTMAS AT MOUNT VERNON, THE WINE FESTIVAL & SUNSET TOUR, THE RED, WHITE AND BLUE CELEBRATION ON THE FOURTH OF JULY, AND THE COLONIAL MARKET & FAIR OFFERED WAYS OF EXPERIENCING MOUNT VERNON FROM DIFFERENT POINTS OF VIEW. WE ARE OPEN TO THE PUBLIC FOR FREE ON GEORGE WASHINGTON'S BIRTHDAY AND WELCOMED ALMOST 17,000 VISITORS TO THE ESTATE TO CELEBRATE THE GENERAL'S 280TH BIRTHDAY.AUGUST 2014 WE LAUNCHED AN IMPROVED WEBSITE WITH ENHANCED EDUCATION CONTENT AND INDUSTRY LEADING TECHNOLOGY. NOW OR NEVER, A DIGITAL PRESENTATION TELLING THE STORY OF THE YORKTOWN CAMPAIGN AND AN INTERACTIVE MAP TRACING WASHINGTON'S TRAVELS TO MORE THAN 1,000 LOCATIONS DURING THE REVOLUTION AND COLONIAL ERA ARE TWO EXAMPLES OF THE CONTENT WE WILL CONTINUE TO DEVELOP IN THE FUTURE. EDUCATION:THE ASSOCIATION'S RESEARCH FELLOWS PROGRAM WELCOMED 18 FELLOWS TO THE LIBRARY. THESE ESTABLISHED AND EMERGING SCHOLARS RESIDE AT MOUNT VERNON FOR ONE, THREE AND SIX-MONTH FELLOWSHIPS TO RESEARCH FASCINATING TOPICS RANGING FROM MILITARY HISTORY TO DECORATIVE ARTS. WE HOSTED NUMEROUS LEADERSHIP SEMINARS FOR CORPORATE AND GOVERNMENT LEADERS. THESE SEMINARS TEACH HOW GEORGE WASHINGTON'S EXAMPLE OF LEADERSHIP AND CHARACTER ARE APPLICABLE TO TODAY'S REAL WORLD ISSUES. TO COMMEMORATE THE FIRST ANNIVERSARY OF THE LIBRARY, THE ASSOCIATION LAUNCHED THE FOUNDING DEBATES, AN EVENT WHERE AUTHORS, PUBLIC FIGURES AND HISTORIANS DISCUSS INTERPRETATIONS OF A QUESTION OF NATIONAL IMPORT. THIS PROGRAM FOSTERS BROAD AND CONSTRUCTIVE DISCOURSE, WHILE UNDERSCORING IMPORTANT DETAILS OF WASHINGTON'S LIFE AND OUR NATION'S FOUNDING. INTRODUCED A FREE MONTHLY PROGRAM TO SPOTLIGHT AUTHORS AND THEIR NEW BOOKS ABOUT HISTORICAL TOPICS. SPONSORED BY FORD MOTOR COMPANY, THE FORD EVENING BOOK TALKS HAVE INTRODUCED NEIGHBORHOOD RESIDENTS, STUDENTS AND INTERESTED INDIVIDUALS TO WORKS BY WELL-KNOWN WRITERS AND EMERGING TALENTS.THE ASSOCIATION CONTINUED OUR MOST POPULAR LECTURE SERIES AND SYMPOSIA. THE MICHELLE SMITH LECTURE SERIES, GAY HART GAINES DISTINGUISHED VISITING LECTURER OF AMERICAN HISTORY, GEORGE WASHINGTON SYMPOSIUM AND GEORGE WASHINGTON LEADERSHIP LECTURE SERIES FOCUSED ON TOPICS RANGING FROM ART TO CITIZENSHIP AND CIVICS.OUR ON-SITE TEACHERS' INSTITUTE PROGRAM HOSTED OVER 80 TEACHERS FROM AROUND THE COUNTRY FOR WEEK-LONG SEMINARS AND TRAINING SESSIONS CENTERED AROUND TEACHING GEORGE WASHINGTON TO ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOLS STUDENTS. IN ADDITION, WE WELCOMED 175 WASHINGTON, D.C. AREA TEACHERS FOR OUR ANNUAL TWO-DAY INSTITUTE.HISTORIC PRESERVATION & COLLECTIONS:IN MARCH 2014, WE UNVEILED THE RESULTS OF THE MOST EXTENSIVE ROOM RESTORATION IN THE HISTORY OF THE ASSOCIATION, THE "NEW ROOM", NAME GEORGE WASHINGTON USED TO REFER TO THE ENTIRE NORTH WING OF THE MANSION. OUR PRESERVATION STAFF COLLABORATED WITH DOZENS OF SPECIALISTS TO RESTORE THE SPACE TO HOW WASHINGTON KNEW IT.IN THE SPRING OF 2014, OUR ARCHAEOLOGISTS BEGAN AN EXTENSIVE EFFORT TO BETTER UNDERSTAND THE ENSLAVED PEOPLE WHO LIVED, WORKED AND WERE BURIED AT MOUNT VERNON. THE MULTI-YEAR SURVEY OF THE SLAVE BURIAL GROUND IS INTENDED TO DETERMINE HOW MANY INDIVIDUALS ARE BURIED ON THE SITE, HOW THEIR PLOTS ARE ARRANGED, AND WHERE THE BOUNDARIES OF THE BURIAL GROUNDS LIE.IN A PARTNERSHIP WITH THE UNIVERSITY OF MARYLAND, THE ASSOCIATION HOSTED THE SECOND ANNUAL MOUNT VERNON HISTORIC PRESERVATION FIELD SCHOOL. 10 STUDENTS HAVE THE RARE OPPORTUNITY TO SPEND THE SUMMER LEARNING ARCHAEOLOGICAL AND PRESERVATION TECHNIQUES FROM PRESERVATION EXPERTS. STUDENTS EARNED COLLEGE CREDIT AS THEY INVESTIGATED ARCHAEOLOGICAL, ARCHITECTURAL AND INTERPRETIVE HISTORIES OF THE WASHINGTON'S KITCHEN. THIS PROGRAM IS THE ONLY PROGRAM OF ITS KIND IN COUNTRY WHERE STUDENTS LEARN HANDS ON ARCHAEOLOGICAL AND PRESERVATION TECHNIQUES. 39413687 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 183 0 1 721 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 29 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X PHILIP MANNO 7037998699 PO BOX 110 MOUNT VERNON VA 221210110 MS MELODY SAWYER RICHARDSON SECRETARY 10.00 X X 0 0 0 MRS P COLEMAN TOWNSEND TREASURER 10.00 X X 0 0 0 MRS BENJAMIN LUCAS II REGENT 10.00 X X 0 0 0 MRS JAMES ALLISON VICE REGENT 10.00 X 0 0 0 MRS RICHARD AMUNDSEN VICE REGENT 10.00 X 0 0 0 MRS SHEPARD B ANSLEY VICE REGENT 10.00 X 0 0 0 MRS ALPHA BLACKBURN VICE REGENT 10.00 X 0 0 0 MRS JOHN BOOKOUT III VICE REGENT 10.00 X 0 0 0 MRS WILLIAM H BORTHWICK VICE REGENT 10.00 X 0 0 0 MRS FRANK L COULSON JR VICE REGENT 10.00 X 0 0 0 MRS JAMES CRUMPACKER VICE REGENT 10.00 X 0 0 0 MRS JARED EDWARDS VICE REGENT 10.00 X 0 0 0 MRS JOSEPH W HENDERSON III VICE REGENT 10.00 X 0 0 0 MRS FRANK X HENKE III VICE REGENT 10.00 X 0 0 0 MRS DAVID GARTH HOLDSWORTH VICE REGENT 10.00 X 0 0 0 MRS CHARLES G LANE VICE REGENT 10.00 X 0 0 0 MRS HELEN HERBOTH LAUGHERY VICE REGENT 10.00 X 0 0 0 MRS FRANK MAURAN IV VICE REGENT 10.00 X 0 0 0 MRS CHARLES B MAYER VICE REGENT 10.00 X 0 0 0 MRS MICHAEL R MAYTON VICE REGENT 10.00 X 0 0 0 MRS DAVID E NICHOLS VICE REGENT 10.00 X 0 0 0 MRS THOMAS E PETRI VICE REGENT 10.00 X 0 0 0 MRS CHARLES G REEDER VICE REGENT 10.00 X 0 0 0 MRS J SCHLEY RUTHERFORD VICE REGENT 10.00 X 0 0 0 MRS KENAN SAHIN VICE REGENT 10.00 X 0 0 0 MRS HUGH SCOTT III VICE REGENT 10.00 X 0 0 0 MRS EVERETTE SHERRILL VICE REGENT 10.00 X 0 0 0 MRS FREDERICK H WADDELL VICE REGENT 10.00 X 0 0 0 MRS TOGO D WEST VICE REGENT 10.00 X 0 0 0 CURTIS C VIEBRANZ PRESIDENT/CEO 40.00 X 331308 0 20016 PHILIP MANNO CHIEF FINANCIAL OFFICER 40.00 X 201026 0 16167 SUSAN MAGILL VP ADVANCEMENT 40.00 X 235017 0 20674 BARTON GROH COO (THRU 04/2014) 40.00 X 225923 0 20078 ROBERT SHENK SNR. VP VISITOR ENGAGEMENT 40.00 X 203942 0 15598 DOUGLAS BRADBURN FOUNDING DIRECTOR OF NAT'L LIBRARY 40.00 X 195252 0 15331 CAROL CADOU SNR. VP HISTORIC PRESERV. & COLL. 40.00 X 160481 0 13267 JAMIE BOSKET VP GUEST EXPERIENCE DIVISION 40.00 X 134925 0 15785 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 40.00 X 134279 0 21013 JAHMOND QUANDER DIRECTOR OF FOOD AND BEVERAGE 40.00 X 132790 0 13663 MEGAN DUNN VP OF HUMAN RESOURCES 40.00 X 124038 0 21549 CAROLINA CAMARGO DIRECTOR OF SPECIAL GIFTS 40.00 X 119794 0 14485 2198775 0 207626 17 0 1 0 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK STE BRAINTREE MA 02184 DIRECT MAIL FUNDRAISING CONSULT. 1263803 WHITING TURNER CONTRACTING CO PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION AND GENERAL CONTRACTOR 1255555 MANA CONSTRUCTION 8804 OLD COLONY WAY ALEXANDRIA VA 22309 GENERAL CONTRACTOR 346040 ELY INC 4110 FORESTVILLE ROAD FORESTVILLE MD 20747 FINE ARTS AND EXHIBIT CONSULTANT 252170 SELECT EVENT RENTALS 8610 CHERRY LANE SUITE 42 LAUREL MD 20707 EVENT RENTAL SERVICES 236216 23 872512 8374833 2290424 9247345 ADMISSION FEES 900099 13655456 13655456 13655456 2388030 2388030 187665 187665 88635848 87143579 1492269 1492269 1492269 134205 872512 183518 -49313 -49313 14821012 5757192 9063820 7537237 1526583 OTHER INCOME 900099 509680 509680 TICKET REVENUE 900099 166955 166955 CELL PHONE TOWER REVENUE 900099 50828 50828 727463 36712735 21192693 1526583 4746114 46500 46500 1674080 937665 410459 325956 15733509 13778060 1201297 754152 941507 857301 60602 23604 1749074 1559334 125885 63855 1272205 1110509 106555 55141 32131 32131 102788 102788 1035853 1035853 506475 506475 2470429 1827318 420739 222372 830408 794706 8397 27305 6769591 6005208 457187 307196 220327 101799 75383 43145 1361769 1359359 1205 1205 246040 204285 24189 17566 55883 44654 8922 2307 617418 617418 7549867 7549867 302220 79232 101242 121746 OTHER EXPENSES 1545081 1329864 46697 168520 COLLECTIONS & LIBRARY 695506 695506 ALLOCATION 0 515102 1471 -516573 45758661 39413687 3691624 2653350 X 1274750 639296 36320 599134 660097 4672889 19886482 7018772 20259533 16064194 896186 763310 500000 500000 3275112 2743569 422661 289233 157412957 60683483 102375513 96729474 102375477 100102728 46812787 54798994 3420434 4082899 300884282 287766062 4740857 3264269 637365 548738 15000000 15000000 200000 200000 4574696 6884603 25152918 25897610 X 147132981 142755233 91811160 83210355 36787223 35902864 275731364 261868452 300884282 287766062 X -9045926 301905 -5118891 X 0 1 X 1 0 X 78151158 15346281 17833083 24922730 9247345 145500597 26657800 25880391 28103631 25733948 26023766 132399536 104808958 41226672 45936714 50656678 35271111 277900133 13262219 2160598 5812551 2230229 1686024 25151621 0 13262219 2160598 5812551 2230229 1686024 25151621 252748512 2236085 1406377 1307906 1366758 2575695 8892821 2236085 1406377 1307906 1366758 2575695 8892821 386029 324210 405394 221480 1526583 2863696 503186 708730 576364 266264 735260 2789804 107934258 43665989 48226378 52511180 40108649 292446454 0.86430 0.87260 0.03040 0.02950 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2010 AMOUNT: $ 503,186. 2011 AMOUNT: $ 708,730. 2012 AMOUNT: $ 576,364. 2013 AMOUNT: $ 266,264. 2014 AMOUNT: $ 735,260. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 151676248 8416789 2580195 16673118 146000114 140394581 16693092 11074871 16486296 151676248 134418489 12286942 8122184 14433034 140394581 131023770 12372930 -4798880 4179331 134418489 85199712 39819617 8295058 2290617 131023770 0.25100 0.24590 0.50310 1 0 963362 963362 106415407 26825142 79590265 45275153 30186874 15088279 4759035 3671467 1087568 96729474 LONG/SHORT EQUITY HEDGE FUNDS 21704280 F EVENT DRIVEN HEDGE FUNDS 17941341 F DISTRESSED DEBT HEDGE FUNDS 3064602 F PRIVATE EQUITY FUNDS 12088771 F 54798994 INTEREST RATE SWAP AGREEMENT 5809882 ANNUITY GIFT LIABILITY 921544 POOLED INCOME FUND LIABILITY 121757 GIFT CERTIFICATES 23607 DUE TO REGION 5 HISTORY FUND 7813 6884603 X 37185505 301905 -5302409 -5000504 42186009 506475 -5979749 -5473274 36712735 51048417 0 51048417 506475 -5796231 -5289756 45758661 PART III, LINE 1A: HISTORICAL PROPERTIES OWNED BY THE ASSOCIATION WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION. THESE HISTORICAL PROPERTIES ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. THE COST OF THE PROPERTIES IN NOT READILY AVAILABLE, AND THE ASSOCIATION IS OF THE OPINION THAT, BECAUSE OF THE INTRINSIC VALUE OF THE PROPERTIES, IT IS IMPRACTICAL TO ASSIGN VALUES TO THE COMPONENTS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. FINANCIAL STATEMENTS DO NOT REFLECT ANY CONTRIBUTED COLLECTION ITEMS. PART III, LINE 4: THE ASSOCIATION COLLECTS, RESEARCHES, CONSERVES, RESTORES, RECONSTRUCTS, PRESERVES, DOCUMENTS, AND SHARES WITH THE PUBLIC HISTORIC STRUCTURES, ARCHAEOLOGICAL SITES, AND THE CULTURAL LANDSCAPE AS WELL AS TWO AND THREE-DIMENSIONAL OBJECTS IN A VARIETY OF MEDIA. RESPONSIBILITY FOR THE PRESERVATION AND MAINTENANCE OF THE HISTORIC STRUCTURES, CULTURAL RESOURCES AND THE COLLECTIONS FALLS TO THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT AND THE FRED W. SMITH LIBRARY FOR THE STUDY OF GEORGE WASHINGTON AT MOUNT VERNON. THE HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT IS DIVIDED INTO THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION, THE ARCHAEOLOGICAL COLLECTION, THE ARCHITECTURAL FRAGMENTS COLLECTION, AND PHOTO ARCHIVES. THE FINE AND DECORATIVE ARTS CURATORIAL COLLECTION INCLUDES THREE-DIMENSIONAL OBJECTS, TEXTILES, WORKS OF ART ON PAPER, AND PAINTINGS. THE ARCHAEOLOGICAL COLLECTION INCLUDES ARTIFACTS AND THEIR ASSOCIATED DOCUMENTATION DERIVING FROM EXCAVATION PROJECTS, AS WELL AS RANDOM FINDS ORIGINATING ON THE MOUNT VERNON ESTATE. THE ARCHITECTURAL FRAGMENTS COLLECTION INCLUDES FEATURES, BUILDING MATERIALS, AND FINISH TREATMENTS THAT ARE ARCHITECTURAL IN NATURE, AND WHICH HAVE BEEN REMOVED FROM THEIR ORIGINAL CONTEXT DURING THE COURSE OF RESTORATION WORK UNDERTAKEN TO STABILIZE, PROTECT, OR REINTERPRET MOUNT VERNON'S HISTORIC BUILDINGS AND STRUCTURES. PHOTO ARCHIVES CONTAINS MODERN FILM, NEGATIVES, AND DIGITAL IMAGE FILES OF A VARIETY OF MOUNT VERNON RELATED SUBJECTS. SPECIAL COLLECTIONS INCLUDES RARE BOOKS, HISTORIC MANUSCRIPTS, PHOTOGRAPHS, THE ASSOCIATION'S ARCHIVAL MATERIALS, AND PRINTED EPHEMERA. THE LIBRARY COLLECTS PRINTED MATERIAL WITH A PRIMARY EMPHASIS ON GEORGE WASHINGTON, MOUNT VERNON, AND THE MOUNT VERNON LADIES' ASSOCIATION. THE MOST IMPORTANT INITIAL CRITERION WITH WHICH TO EVALUATE A POTENTIAL ACQUISITION IS ITS CONTRIBUTION TO INTERPRETATION, EXHIBITION, AND RESEARCH VALUE AT MOUNT VERNON. THIS INCLUDES THE FOLLOWING ITEMS: OBJECTS ORIGINAL TO MOUNT VERNON OR OWNED BY GEORGE AND MARTHA WASHINGTON; OBJECTS RELATED TO WASHINGTON'S NON-DOMESTIC LIFE, INCLUDING HIS ROLE AS MILITARY LEADER, SURVEYOR, AND PRESIDENT; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON NOT PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; BOOKS AND OTHER PUBLISHED MATERIALS OWNED BY GEORGE OR MARTHA WASHINGTON; OBJECTS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIAL RELATED TO FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; PERIOD OBJECTS THAT REPLICATE OBJECTS THAT WERE AT MOUNT VERNON, FOR THE PURPOSE OF ENHANCING THE INTERPRETATION AND UNDERSTANDING OF THE ESTATE AND THE LIFE AND LEGACY OF GEORGE AND MARTHA WASHINGTON; ARCHIVAL MATERIALS RELATING TO THE DEVELOPMENT AND DOMESTIC LIFE OF MOUNT VERNON, INCLUDING MATERIALS OF FAMILY MEMBERS, VISITORS, AND ACQUAINTANCES; BOOKS OF THE WASHINGTON AND CUSTIS FAMILIES THAT ARE RELATED TO COLLECTIONS OR INTERPRETATION GOALS; MANUSCRIPTS BY GEORGE OR MARTHA WASHINGTON PREVIOUSLY REPRODUCED OR PUBLISHED IN PRINT OR ELECTRONIC FORMAT; MAPS, PLANS, SURVEYS, MANUSCRIPTS, RARE BOOKS, PHOTOGRAPHS AND OTHER DOCUMENTS OF HISTORICAL VALUE RELATING TO 17TH, 18TH 19TH AND 20TH CENTURY LIFE AT MOUNT VERNON AND THE WASHINGTON FAMILY. PART X, LINE 2: THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -2,374,029. RETURN OF CONTRIBUTIONS -2,913,982. CHANGE IN VALUE OF SPLIT INTEREST -14,398. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -183,518. COST OF GOODS SOLD -5,757,192. DISCOUNTS -39,039. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOOD SOLD -5,757,192. DISCOUNTS -39,039. X X X X X X 1 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK SUIT BRAINTREE MA 02184 DIRECT MAIL FUNDRAISING CONSULTING 0 1939416 1263593 675823 1939416 1263593 675823 AL AK AZ AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DISCUS 520322 444322 76000 8601 24735 20815 3075 LIFE GUARD EVENTS 209340 186940 22400 1402 33774 18080 10438 2 277055 241250 35805 4597 36514 5362 16125 1006717 872512 134205 14600 95023 44257 29638 183518 -49313 1 PAPERS OF GEORGE WASHINGTON 504 ALDERMAN LIBRARY UVA PO BOX 400117 CHARLOTTESVILLE VA 22904 546001796 501(C)(3) 25000 PAPERS OF GEORGE WASHINGTON ACCOKEEK FOUNDATION 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 526037288 501(C)(3) 20000 VIEWSHED PRESERVATION 2 0 PART I, LINE 2: THE ASSOCIATION PERIODICALLY AWARDS GRANTS TO ORGANIZATIONS WITH WHICH WE PARTNER ON PROJECTS THAT FURTHER OUR MISSION. GRANTS ARE APPROVED AND DOCUMENTED WITH FORMAL GRANT AGREEMENTS, AND FUNDS ARE DISBURSED ACCORDING TO THE SUBSTANTIATION PROVISIONS OF EACH GRANT AGREEMENT. THE ASSOCIATION REQUIRES GRANT REPORTS AT THE END OF EACH GRANT TERM AND/OR MONITORS PROGRESS TOWARDS GRANT ACCOMPLISHMENTS THROUGH OUR DAY-TO-DAY INVOLVEMENT WITH A PARTNER. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 CURTIS C VIEBRANZ PRESIDENT/CEO 331308 0 0 0 0 0 10522 0 9494 0 351324 0 0 0 PHILIP MANNO CHIEF FINANCIAL OFFICER 198026 0 3000 0 0 0 14784 0 1383 0 217193 0 0 0 SUSAN MAGILL VP ADVANCEMENT 235017 0 0 0 0 0 18570 0 2104 0 255691 0 0 0 BARTON GROH COO (THRU 04/2014) 60923 0 0 0 165000 0 16150 0 3928 0 246001 0 0 0 ROBERT SHENK SNR. VP VISITOR ENGAGEMENT 203942 0 0 0 0 0 4079 0 11519 0 219540 0 0 0 DOUGLAS BRADBURN FOUNDING DIRECTOR OF NAT'L LIBRARY 195252 0 0 0 0 0 3905 0 11426 0 210583 0 0 0 CAROL CADOU SNR. VP HISTORIC PRESERV. & COLL. 160481 0 0 0 0 0 12080 0 1187 0 173748 0 0 0 JAMIE BOSKET VP GUEST EXPERIENCE DIVISION 131925 0 3000 0 0 0 10924 0 4861 0 150710 0 0 0 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 134279 0 0 0 0 0 10456 0 10557 0 155292 0 0 0 PART I, LINE 1A THE PRESIDENT/CEO OF THE ASSOCIATION IS REQUIRED TO LIVE ON THE PREMISES AND IS PROVIDED WITH HOUSING, AND PERSONAL SERVICES FOR THE CARE OF THE PROPERTY. AS SUCH, THESE ARE NON TAXABLE ALLOWANCES GIVEN. SPOUSAL TRAVEL FOR THE PRESIDENT/CEO IS ALSO PROVIDED, BUT IS INCLUDED AS A TAXABLE FRINGE BENEFIT. PART I, LINE 4A BARTON GROH, FORMER COO, RECEIVED A SEVERANCE OF $165,000 IN 2014. PART I, LINE 7 THE BONUS COMPENSATION AMOUNTS WERE DETERMINED BY DISCRETION OF THE PRESIDENT AS A ONE TIME PAYMENT, AND NOT CONTINGENT UPON OR DETERMINED BY THE ACTIVITIES OF THE ORGANIZATION. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 30382EDU5 2007-06-20 15000000 REFINANCE EXISTING BONDS 0 0 0 A 15000000 128967 14871033 2009 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 SUNTRUST 30.000000000000 0 0 0 0 0 0 1 A 0 X 44 2290424 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING THE YEAR ENDED DECEMBER 31, 2014 REFLECTING CHANGES IN THE COMPOSITION OF THE GOVERNING BODY AND IMPLEMENTING IMPROVED PRACTICES IN CORPORATE GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 11 THE ASSOCIATION'S PROCESS FOR PREPARING AND REVIEWING THE IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, CONTAINED FOUR LEVELS OF REVIEW: 1) A DRAFT OF THE FEDERAL FORM 990 WAS PREPARED BY OUR TAX ADVISORS, RAFFA, P.C., BASED ON FINANCIAL INFORMATION IN OUR CERTIFIED AUDIT, ORGANIZATIONAL INFORMATION DOCUMENTED FROM THE AUDIT, PREPARATION OF INFORMATION SCHEDULES BY THE FINANCE DEPARTMENT AND ANSWERS TO CHECKLIST QUESTIONS; 2) THE DRAFT OF IRS FORM 990 WAS REVIEWED BY THE ASSOCIATION'S MANAGEMENT (CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CONTROLLER) FOR ACCURACY AND COMPLETENESS; 3) RAFFA, P.C. REVIEWED THE FINAL DRAFT OF IRS FORM 990 WITH THE AUDIT COMMITTEE; 4) THE FINAL DRAFT WAS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY REQUIRES THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM BY ALL BOARD OF DIRECTORS, ADVISORY COMMITTEE MEMBERS, OFFICERS AND KEY EMPLOYEES. THE FORM WAS PREPARED BY OUTSIDE COUNSEL AND ASKS FOR DOCUMENTATION OF POTENTIAL CONFLICTS OF INTEREST IN THE FOLLOWING AREAS: FINANCIAL INTERESTS, GIFTS OR ENTERTAINMENT THAT MIGHT INFLUENCE DECISION MAKING, AND ANY OTHER ACTIVITIES. THE FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ARE DISCUSSED WITH THE OUTSIDE COUNSEL AND THE EXECUTIVE COMMITTEE OF THE BOARD, IF APPROPRIATE. THE PRESIDENT REVIEWS THE COMPLETED FORM OF THE CFO, AND TAKES ANY APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 ON A PERIODIC BASIS, THE ASSOCIATION WORKS WITH A COMPENSATION CONSULTANT TO PERFORM COMPARATIVE MARKET STUDIES ON OVER 50 FULL-TIME POSITIONS. THIS STUDY INCLUDED ALL EXECUTIVE AND MANAGEMENT POSITIONS AND A NUMBER OF FRONT LINE STAFF POSITIONS. COMPENSATION IS BENCHMARKED AGAINST OUR PEER GROUP (MUSEUMS AND HISTORICAL SITES), SIMILAR POSITIONS IN THE WASHINGTON DC METRO AREA AND THE NOT-FOR-PROFIT INDUSTRY AT-LARGE. MARKET ADJUSTMENTS ARE MADE AND SALARY GRADES ADJUSTED BASED ON THESE STUDIES. IN ADDITION, THE EXECUTIVE COMMITTEE OF THE BOARD OF REGENTS REVIEWED AND APPROVED THE COMPENSATION STRUCTURE OF THE PRESIDENT AND CEO. CEO COMPENSATION WAS COMPARED TO PUBLICLY AVAILABLE DATA ON SIMILAR SIZED ORGANIZATIONS IN THE NOT-FOR-PROFIT AND MUSEUM/HISTORIC SITES INDUSTRIES AS WELL AS MARKET DATA FOR THE WASHINGTON DC METRO AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC THROUGH THE STATE OF VIRGINIA STATE CORPORATION COMMISSION. THE BYLAWS AND THE CONFLICTS OF INTEREST POLICY, WHICH REQUIRES ANNUAL DISCLOSURE OF CONFLICTING INTERESTS BY BOARD OF DIRECTORS AND OFFICERS, ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE AND ARE AVAILABLE IN HARD COPY UPON SPECIFIC REQUEST. IN ADDITION, A SUMMARIZED FINANCIAL INFORMATION IS DISCLOSED IN OUR ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -2,374,029. RETURN OF CONTRIBUTIONS -2,913,982. CHANGE IN VALUE OF SPLIT INTEREST -14,398. SPECIAL EVENT DIRECT EXPENSES 183,518.