2014-11-13T14:47:21-06:00 2013-12-31 560727655 CANNON & COMPANY LLP 2160 COUNTRY CLUB RD WINSTONSALEM NC 271044208 990 2013-01-01 560587289 OLD SALEM INC OLDS 3367217300 600 S MAIN STREET WINSTONSALEM NC 27101 ERIC HOYLE VP OF FINANCE AND CAO 3367217300 2014-11-13 CRAIG V HOPKINS P01294120 3367250635 2014-11-13 X 2013 2015-11-30 17:44:51Z RAGAN FOLAN 600 S MAIN STREET WINSTONSALEM NC 27101 22278021 false 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 26 26 253 178 3950 1735677 4121425 983200 1036463 2020229 2239307 1532053 1740326 6271159 9137521 0 0 3629562 4449279 45036 0 714662 2510640 3354680 6185238 7803959 85921 1333562 70579096 73203749 2117876 1693524 68461220 71510225 THE PRESERVATION, PRESENTATION AND EXPLORATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM false false 1719262 815376 MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS. ALSO, COPIES OF PUBLICATIONS WERE PRODUCED, INCLUDING GUIDEBOOKS AND JOURNALS. 1477757 700840 HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 32 HISTORIC PROPERTIES AND OVER 15,230 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC. 2420848 1148109 EDUCATIONAL PROGRAM: GUIDED INTERPRETIVE TOURS AND SPECIAL EVENTS ARE HELD FOR EDUCATIONAL PURPOSES AS WELL AS MUSEUM CLASSES AND SUMMER APPRENTICESHIP PROGRAMS. HOSTED OVER 167,772 VISITORS, INCLUDING 33,300 SCHOOL CHILDREN. 5617867 true true false false false false true true false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false true true false false false false false false false true 50 0 true 253 true true true true BD false false false true true false false false false X 26 26 false false false false false false false true true false false true true true true true true true true false NC X X ERIC HOYLE 3367217316 600 S MAIN STREET WINSTONSALEM NC 27101 MRS ANN A JOHNSTON TRUSTEE 1.00 X 0 0 0 DR EUGENE W ADCOCK III TRUSTEE 1.00 X 0 0 0 DR ANTHONY ATALA TRUSTEE 1.00 X 0 0 0 MR ROBERT GREEN TRUSTEE 1.00 X 0 0 0 MR CRAIG CANNON TRUSTEE 1.00 X 0 0 0 MR F HUDNALL CHRISTOPHER JR TREASURER 1.00 X X 0 0 0 MR J HAYWOOD DAVIS TRUSTEE 1.00 X 0 0 0 COUNT CHRISTOPH NOSTITZ TRUSTEE 1.00 X 0 0 0 MR RICHARD GOTTLIEB TRUSTEE 1.00 X 0 0 0 MR JAMES A GRAY III TRUSTEE 1.00 X 0 0 0 MR MICHAEL HOUGH TRUSTEE 1.00 X 0 0 0 MR STAN KELLY TRUSTEE 1.00 X 0 0 0 DR ALLSTON J STUBBS III TRUSTEE 1.00 X 0 0 0 MS BETSY ANNESE TRUSTEE 1.00 X 0 0 0 DR EDWARD G HILL TRUSTEE 1.00 X 0 0 0 MR ROBERT BROWN TRUSTEE 1.00 X 0 0 0 MR HENRY JORDAN II TRUSTEE 1.00 X 0 0 0 MS MARGARET PRITCHARD TRUSTEE 1.00 X 0 0 0 DR THOMAS H SEARS JR TRUSTEE 1.00 X 0 0 0 MR WILLIAM WATSON TRUSTEE 1.00 X 0 0 0 MR HAYES WAUFFORD TRUSTEE 1.00 X 0 0 0 MR PAUL FULTON VICE-CHAIRMA 1.00 X X 0 0 0 MR TED GOSSETT TRUSTEE 1.00 X 0 0 0 MS MARGARET D TOWNSEND TRUSTEE 1.00 X 0 0 0 MR NICHOLAS BRAGG TRUSTEE 1.00 X 0 0 0 MR ANTHONY MONTAG TRUSTEE 1.00 X 0 0 0 MR C EDWARD PLEASANTS JR SECRETARY 1.00 X X 0 0 0 MRS JUDY LAMBETH CHAIR 1.00 X X 0 0 0 MS CHRIS MINTER-DOWD TRUSTEE 1.00 X 0 0 0 MR L G ORR JR TRUSTEE 1.00 X 0 0 0 MRS PAULETTE MORANT TRUSTEE 1.00 X 0 0 0 MR DANIEL R TAYLOR JR TRUSTEE 1.00 X 0 0 0 MRS RAGAN FOLAN PRESIDENT 40.00 X 160000 0 7690 MR THOMAS CONNORS V.P. DEVELOP 40.00 X 101539 0 6996 MR ERIC HOYLE VP FINANCE A 40.00 X 78250 0 8605 MR ROBERT LEATH V.P. COLLECT 40.00 X 75000 0 8442 MR JOHN LARSON V.P. RESTORA 40.00 X 64250 0 7697 MS PAULA LOCKLAIR V.P. EDUCATI 40.00 X 61800 0 4355 540839 43785 2 false true false 79714 65600 3976111 550369 4121425 ADMISSION FEES 900099 869403 869403 MUSEUM CLASSES 900099 150360 150360 PUBLICATIONS 900099 16700 16700 1036463 952732 952732 1141 1141 198400 55139 143261 143261 143261 12820145 390299 11541434 382435 1278711 7864 1286575 1286575 63819 79714 95757 -31938 -31938 2672574 1065735 1606839 1602889 3950 MISCELLANEOUS REVENUE 900099 20570 20570 RESEARCH FEES 900099 453 453 21023 9137521 2660375 3950 2351771 584624 221544 254545 108535 3285983 2602666 374577 308740 267246 213565 40012 13669 311426 232204 46609 32613 16757 16757 33400 33400 167536 167536 292040 224919 43019 24102 151619 151619 147105 102859 19502 24744 96146 92677 3389 80 6470 5595 875 38417 38417 486863 419123 62902 4838 152723 126435 21440 4848 SUPPLIES 728298 603277 88240 36781 SERVICES 551215 262823 135839 152553 UTILITIES 281196 227605 53591 EQUIPMENT RENTAL AND MAIN 93751 48730 44070 951 111144 82226 26710 2208 7803959 5617867 1471430 714662 603922 1763276 212465 107491 618767 737953 72177 75416 20382934 9596385 10795672 10786549 35510389 36378771 3500 500 22762204 23353793 70579096 73203749 896775 1060345 177569 175338 992187 398244 51345 59597 2117876 1693524 X 44255410 44897512 6751772 8963384 17454038 17649329 68461220 71510225 70579096 73203749 1333562 1649264 66179 X false true X true false X 1370097 1227786 2207756 1735677 4121425 10662741 1370097 1227786 2207756 1735677 4121425 10662741 756779 9905962 1103777 1150498 1662622 1102169 1152273 6171339 4642 20497 15404 6640 47183 16881263 17580626 0.58680 0.45690 X PART II, LINE 10 MISCELLANEOUS INCOME 39,912 RESEARCH FEES 7,271 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 37 22 1 false 200.00 5300 23313775 X X X X false 35510389 210337 3880705 3222660 36378771 37093862 54010 1574047 3211530 35510389 38781800 166477 1210575 3064990 37093862 36901001 1775668 5315653 5050431 38781800 30410179 117436 9902341 3364465 36901001 0.51600 0.48400 true false 1525210 1525210 14244270 6589174 7655096 1489695 615335 874360 2375599 2027341 348258 748160 364535 383625 10786549 ART AND HISTORICAL TREASURES 23313770 BENEFICIAL INTEREST 40023 23353793 CHECKS IN EXCESS OF CASH 59597 59597 X 12003416 1649264 1216631 2865895 9137521 9137521 8954411 1216631 1216631 7737780 66179 66179 7803959 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 2, PART III, LINE 4 PRESERVATION AND PRESENTATION OF THE MATERIAL CULTURE OF THE AMERICAN SOUTH IS A MAJOR PART OF THE ORGANIZATION'S MISSION/EXEMPT PURPOSE. SCHEDULE D, PAGE 2, PART V, LINE 4 INCOME FROM THE ENDOWMENT SUPPORTS THE PROGRAMS AND OPERATIONS OF THE ENTIRE ORGANIZATION, INCLUDING RESEARCH, EDUCATION, OBJECT ACQUISITION AND DEVELOMENT. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR 2013, THE ORGANIZATION'S UNRELATED BUSINESS EXPENSES EXCEEDED ITS UNRELATED BUSINESS REVENUE THEREFORE NO TAXES ARE DUE FOR THE YEAR ENDED DECEMBER 31, 2013. 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 THEY WERE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES 55,139 COST OF GOODS SOLD 1,065,735 FUNDRAISING EVENT EXPENSES 95,757 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 55,139 COST OF GOODS SOLD 1,065,735 FUNDRAISING EVENT EXPENSES 95,757 SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 66,179 DAVID BROOKS EV 90748 60689 30059 7839 2550 50962 9854 MOONSHINE IN TH 33075 15275 17800 4071 6127 3879 2 19710 3750 15960 4665 4098 450 1262 143533 79714 63819 16575 12775 51412 14995 95757 -31938 false false false false false false false false false MRS RAGAN FOLAN PRESIDENT 160000 7690 167690 X 9 48636 MARKET VALUE X 1 332500 APPRAISAL X 13 168825 APPRAISAL X SUPPLIES 1 408 MARKET VALUE 5 false true false FORM 990, PART V, LINE 4B BERMUDA FORM 990, PAGE 6, PART VI, LINE 11B 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, 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 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 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 RENTAL EXPENSES 55,139 COST OF GOODS SOLD 1,065,735 FUNDRAISING EVENT EXPENSES 95,757 RENTAL EXPENSES -55,139 COST OF GOODS SOLD -1,065,735 FUNDRAISING EVENT EXPENSES -95,757 BOOK / TAX DEPRECIATION DIFFERENCE 66,179