2014-11-13T21:02:53-06:00 2013-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2013-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037998699 PO BOX 110 MOUNT VERNON VA 221210110 PHILIP MANNO CHIEF FINANCIAL OFFICER 7037998699 2014-11-13 1 FRANK H SMITH P00639053 2028225000 2014-11-05 2013 2015-11-30 17:44:51Z CURTIS C VIEBRANZ PO BOX 110 MOUNT VERNON VA 221210110 193550910 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. 27 27 698 398 1318554 -120440 17833083 24922730 13319672 13958369 3881725 3195359 4268278 9498552 39302758 51575010 206180 247182 0 0 14685576 19938620 92500 951451 2862887 29529090 23690824 44513346 44828077 -5210588 6746933 284321263 300884282 30038716 25152918 254282547 275731364 X TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THOUGHOUT 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 38841318 247182 21773279 SEE SCHEDULE OVISITATION: IN 2013, WE WELCOMED OVER ONE MILLION GUESTS TO THE ESTATE AND 30,000 TO THE DISTILLERY & GRISTMILL. SINCE OPENING ITS DOORS TO THE PUBLIC IN THE EARLY 1860'S, WE HAVE HOSTED NEARLY 85 MILLION PEOPLE. AS EDUCATION IS ONE OF THE PRIMARY TENETS OF OUR MISSION, WE ARE PROUD TO HAVE HOSTED MORE THAN 350,000 STUDENTS IN 2013. OUR GUESTS HAIL FROM ALL 50 STATES AND DOZENS OF NATIONS AROUND THE WORLD.EMPLOYEES AND VOLUNTEERS: THE ASSOCIATION IS OPERATED BY NEARLY 600 EMPLOYEES AND APPROXIMATELY 400 VOLUNTEERS. VOLUNTEERS WORK THROUGHOUT THE ESTATE AND PROVIDE VALUABLE ASSISTANCE, ESPECIALLY DURING PEAK VISITATION PERIODS. IN 2013, THESE VOLUNTEERS CONTRIBUTED MORE THAN 51,000 HOURS TO THE ASSOCIATION. THE VOLUNTEER PROGRAM WAS FORMALLY ORGANIZED IN JUNE 1992. SINCE THEN, MORE THAN 300,000 HOURS HAVE BEEN CONTRIBUTED.KEY FINANCIAL INFORMATION: WE ARE JUSTIFIABLY PROUD THAT IN 2013, WE OPERATED WITHOUT GOVERNMENT SUPPORT OF ANY KIND, RELYING INSTEAD SOLELY ON PRIVATE CONTRIBUTIONS. WE ARE ALSO PROUD TO HOLD CHARITY NAVIGATOR'S HIGHEST RATING OF EXCELLENCE, A 4-STAR DESIGNATION. WE TAKE GREAT CARE TO ENSURE THAT THE VALUABLE RESOURCES WE RECEIVE FROM OUR SUPPORTERS ARE SPENT IN AN EFFICIENT MANNER. THE FRED W. SMITH NATIONAL LIBRARY FOR THE STUDY OF GEORGE WASHINGTON AT MOUNT VERNON: THE FRED W. SMITH NATIONAL LIBRARY FOR THE STUDY OF GEORGE WASHINGTON OPENED ON SEPTEMBER 27, 2013, TO GREAT FANFARE AND INTERNATIONAL MEDIA COVERAGE. IT SOON WELCOMED ITS FIRST CLASS OF RESIDENTIAL FELLOWS, A COHORT OF ESTABLISHED AND EMERGING SCHOLARS OF GEORGE WASHINGTON AND THE FOUNDING ERA. PULITZER PRIZE-WINNING AUTHOR AND HISTORIAN DR. ED LARSON, A MEMBER OF THIS INAUGURAL CLASS, WROTE A SUBSTANTIAL PORTION OF HIS BOOK THE RETURN OF GEORGE WASHINGTON: 1783-1789 (OCTOBER 7, 2014, WILLIAM MORROW PUBLISHERS) DURING HIS RESIDENCE AT MOUNT VERNON. TO LEARN MORE ABOUT THE FELLOWS PROGRAM AND THE FELLOWS THEMSELVES, PLEASE VISIT MOUNTVERNON.ORG/FELLOWSHIPS. THE ASSOCIATION ANNOUNCED THE CREATION OF THE NATION'S NEWEST PRESIDENTIAL LIBRARY TO FURTHER OUR MISSION OF ADVANCING APPRECIATION FOR AND UNDERSTANDING OF GEORGE WASHINGTON. THE ANNOUNCEMENT RESULTED FROM A REMARKABLE GIFT OF $38 MILLION FROM THE DONALD W. REYNOLDS FOUNDATION, THE LARGEST IN THE HISTORY OF THE ASSOCIATION. THE CAMPAIGN FOR THE LIBRARY SET AN AMBITIOUS GOAL TO RAISE $100 MILLION AND EXCEEDED IT BY RAISING $106.4 MILLION, ALL PROVIDED BY PRIVATE DONORS. GROUNDBREAKING TOOK PLACE IN APRIL 2011, AND CONSTRUCTION WAS COMPLETED THE SUMMER OF 2013. A 45,000 SQUARE FOOT FACILITY, THE LIBRARY SAFEGUARDS WASHINGTON'S BOOKS AND MANUSCRIPTS, APPROXIMATELY 1,500 ADDITIONAL 18TH-CENTURY BOOKS, AND THOUSANDS OF IMPORTANT HISTORICAL DOCUMENTS. IT ALSO SERVES AS A SCHOLARLY RETREAT FOR RESIDENTIAL FELLOWS, CREATES EDUCATIONAL OUTREACH PROGRAMS, AND PROVIDES LEADERSHIP TRAINING.PARTNERS IN PRESERVATION - THE NEW ROOM RESTORATION:IN THE SPRING OF 2013, THE ASSOCIATION PARTICIPATED IN A UNIQUE FUNDRAISING OPPORTUNITY PRESENTED BY THE NATIONAL TRUST FOR HISTORIC PRESERVATION IN CONJUNCTION WITH AMERICAN EXPRESS. THE ASSOCIATION COMPETED AGAINST 23 OTHER SITES IN THE WASHINGTON, D.C. AREA FOR A $100,000 GRANT TO SUPPORT A PRESERVATION INITIATIVE IN A SOCIAL MEDIA-DRIVEN VOTING COMPETITION. THE JUDGES AWARDED THE ASSOCIATION WITH THE FULL $100,000 GRANT TO SUPPORT THE RESTORATION OF THE MANSION'S NEW ROOM AS A "SHINING EXAMPLE OF HISTORIC PRESERVATION THAT CAN INSPIRE HISTORY LOVERS OF ALL AGES." THIS GRANT, AND THE GENEROSITY OF OTHER FAITHFUL DONORS AND SUPPORTERS, MADE POSSIBLE THE SUBSEQUENT MAJOR RESEARCH AND RESTORATION EFFORT OF THE NEW ROOM, THE LARGEST AND GRANDEST ROOM IN GEORGE WASHINGTON'S MOUNT VERNON MANSION. THE NEW ROOM HAS SINCE REOPENED WITH A FRESH LOOK THAT BRINGS THE ROOM MUCH CLOSER TO ITS MOMENT OF GLORY DURING THE FLEETING THREE-YEAR PERIOD AFTER WASHINGTON'S PRESIDENCY. DRAWING UPON DOCUMENTARY AND PHYSICAL EVIDENCE, THE PROJECT RELIED UPON THE EXPERTISE OF MOUNT VERNON'S OWN HISTORIC PRESERVATION AND COLLECTIONS DEPARTMENT ALONG WITH THE KNOWLEDGE OF CONSULTANTS, CURATORS, AND SPECIALISTS IN THE FIELDS OF HISTORIC ARCHITECTURE, RESTORATION, CONSERVATION, AND ARCHIVING. THE RESULT IS A METICULOUS INTERPRETATION OF THE STUNNING SPACE THE WASHINGTONS USED FOR ENTERTAINING THEIR GUESTS. 38841318 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 1 173 0 1 698 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 27 27 0 0 0 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 REGENT 10.00 X X 0 0 0 MRS JAMES ALLISON 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 STANLEY N GAINES 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 P WILLIAM MOORE VICE REGENT (UNTIL DEC. 2013) 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 CURTIS C VIEBRANZ PRESIDENT/CEO 40.00 X 354808 0 12306 PHILIP MANNO CHIEF FINANCIAL OFFICER 40.00 X 187089 0 15544 BARTON GROH CHIEF OPERATING OFFICER 40.00 X 248862 0 19086 CAROL CADOU SNR. VP HISTORIC PRESERV. & COLL. 40.00 X 151000 0 11564 SUSAN MAGILL VP ADVANCEMENT 40.00 X 231164 0 19742 MEGAN DUNN VP OF HUMAN RESOURCES 40.00 X 132901 0 19856 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 40.00 X 157194 0 21140 JAMIE BOSKET VP GUEST EXPERIENCE DIVISION 40.00 X 137089 0 12725 CAROLINA CAMARGO DIRECTOR OF SPECIAL GIFTS 40.00 X 130074 0 12238 ROBERT SHENK SNR. VP GUEST EXPERIENCE DIVISION 40.00 X 127884 0 9235 JAMES C REES FORMER PRESIDENT/CEO 1.00 X 210000 0 0 2068065 0 153436 17 1 1 0 WHITING TURNER CONTRACTING CO PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION GENERAL CONTRACTOR 15616372 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK STE BRAINTREE MA 02184 DIRECT MAIL FUNDRAISING CONSULT. 978986 ELY INC 4110 FORESTVILLE ROAD FORESTVILLE MD 20747 FINE ARTS AND EXHIBIT CONSULTANT 521628 MFM 4550 MONTGOMERY AVENUE SUITE 325 BETHESDA MD 20814 ARCHITECT 449292 AYERSSAINTGROSS INC 1040 HULL STREET SUITE 1000 BALTIMORE MD 21230 ARCHITECT 362814 24 680057 24242673 1274301 24922730 ADMISSION FEES 900099 13958369 13958369 13958369 1154348 1154348 206410 206410 6000 0 6000 6000 6000 138472699 136431688 2041011 2041011 2041011 100714 680057 214300 -113586 -113586 14463376 5329912 9133464 7814910 1318554 OTHER INCOME 900099 266264 266264 266264 51575010 21773279 1318554 3560447 247182 247182 1251165 480095 317531 453539 14868713 13097783 1235981 534949 733454 685187 48267 1799469 1536784 184005 78680 1285819 1069012 139095 77712 95172 47336 47836 117318 61485 51344 4489 951451 951451 385750 385750 3919612 3289858 265648 364106 773525 749907 7 23611 3714663 3218257 257404 239002 55941 42096 8289 5556 1168272 1131742 36530 291362 255559 19663 16140 75624 62231 11801 1592 600631 600631 6395330 6395330 179510 113579 45426 20505 COLLECTIONS & LIBRARY 2468199 2468199 REPAIRS & MAINTENANCE 2011868 1996098 15770 OTHER EXPENSES 1438047 1292967 53525 91555 44828077 38841318 3123872 2862887 1262304 694267 37869 530168 660097 20510225 19886482 32311423 20259533 904657 896186 500000 3751556 3275112 1372828 422661 155509129 53133616 61431236 102375513 106523123 102375477 28422589 46812787 29093626 3420434 284321263 300884282 7442451 4740857 591712 637365 15000000 15000000 200000 7004553 4574696 30038716 25152918 X 102341337 147132981 124286823 91811160 27654387 36787223 254282547 275731364 284321263 300884282 X 6746933 11879768 385750 2436366 X 0 1 X 1 0 X 9861431 78151158 15346281 17833083 24922730 146114683 25531286 26657800 25880391 28103631 25733948 131907056 35392717 104808958 41226672 45936714 50656678 278021739 828011 13262219 2160598 5812551 2230229 24293608 0 828011 13262219 2160598 5812551 2230229 24293608 253728131 2264494 2236085 1406377 1307906 1366758 8581620 2264494 2236085 1406377 1307906 1366758 8581620 388338 386029 324210 405394 221480 1725451 380582 503186 708730 576364 266264 2435126 38426131 107934258 43665989 48226378 52511180 290763936 0.87260 0.88100 0.02950 0.03940 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 380,582. 2010 AMOUNT: $ 503,186. 2011 AMOUNT: $ 708,730. 2012 AMOUNT: $ 576,364. 2013 AMOUNT: $ 266,264. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 140394581 16693092 11074871 16486296 151676248 134418489 12286942 8122184 14433034 140394581 131023770 12372930 -4798880 4179331 134418489 85199712 39819617 8295058 2290617 131023770 76929789 1650414 9850876 3231367 85199712 0.21490 0.24250 0.54260 1 0 963362 963362 105266761 23572371 81694390 48194785 28890126 19304659 1084221 671119 413102 102375513 LONG/SHORT EQUITY HEDGE FUNDS 22224537 F EVENT DRIVEN HEDGE FUNDS 17981962 F DISTRESSED DEBT HEDGE FUNDS 5079432 F PRIVATE EQUITY FUNDS 1526856 F 46812787 INTEREST RATE SWAP AGREEMENT 3435853 ANNUITY GIFT LIABILITY 953067 POOLED INCOME FUND LIABILITY 161924 GIFT CERTIFICATES 18209 DUE TO REGION 5 HISTORY FUND 5643 4574696 X 71435356 11879768 2436366 14316134 57119222 -5544212 -5544212 51575010 49986539 0 49986539 385750 -5544212 -5158462 44828077 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, 2013 AND 2012, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 2,711,325. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -274,959. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -214,300. COST OF GOODS SOLD -5,329,912. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -214,300. COST OF GOOD SOLD -5,329,912. X X X X X X 1 MAGNET DIRECT 45 BRAINTREE HILL OFFICE PARK SUIT BRAINTREE MA 02184 DIRECT MAIL 0 1947919 978986 968933 KEY & ASSOCIATES 8630 FENTON STREET SILVER SPRING MD 20910 FUNDRAISING CONSULTANT 0 126000 50000 76000 DINI PARTNERS 2727 ALLEN PARKWAY SUITE 1650 HOUSTON TX 77019 FUNDRAISING CONSULTANT 0 0 29654 -29654 2073919 1058640 1015279 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 406460 354260 52200 53758 400 59993 LIFE GUARD EVENTS 193648 176148 17500 6825 28217 2905 7306 2 180663 149649 31014 200 35897 3730 15069 780771 680057 100714 60783 64114 7035 82368 214300 -113586 1 DISCOVERY CHILDREN'S MUSEUM 360 PROMENADE PLACE LAS VEGAS NV 89106 942943891 501(C)(3) 81693 SCHOOL TRANSPORTATION GRANTS FOR TRAVELING EXHIBIT RECTOR & VISITORS OF THE UNIVERSITY OF VIRGINIA 504 ALDERMAN LIBRARY CHARLOTTESVILLE VA 229044117 546001796 501(C)(3) 55000 HISTORICAL SCHOLARSHIP ACCOKEEK FOUNDATION 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 526037288 501(C)(3) 30000 VIEWSHED PRESERVATION MISSOURI HISTORY MUSEUM 5700 LINDELL BLVD ST LOUIS MO 63112 430654866 501(C)(3) 29162 SCHOOL TRANSPORTATION GRANTS FOR TRAVELING EXHIBIT 4 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 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 X X 1 0 0 0 0 0 0 1 0 CURTIS C VIEBRANZ PRESIDENT/CEO 304808 0 50000 0 0 0 7096 0 5210 0 367114 0 0 0 PHILIP MANNO CHIEF FINANCIAL OFFICER 187089 0 0 0 0 0 14443 0 1101 0 202633 0 0 0 BARTON GROH CHIEF OPERATING OFFICER 243862 0 5000 0 0 0 17240 0 1846 0 267948 0 0 0 CAROL CADOU SNR. VP HISTORIC PRESERV. & COLL. 151000 0 0 0 0 0 10670 0 894 0 162564 0 0 0 SUSAN MAGILL VP ADVANCEMENT 231164 0 0 0 0 0 18123 0 1619 0 250906 0 0 0 MEGAN DUNN VP OF HUMAN RESOURCES 132901 0 0 0 0 0 9430 0 10426 0 152757 0 0 0 F ANDERSON MORSE DIRECTOR OF DEVELOPMENT 147194 0 10000 0 0 0 10632 0 10508 0 178334 0 0 0 JAMES C REES FORMER PRESIDENT/CEO 0 0 0 0 210000 0 0 0 0 0 210000 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 JAMES REES, FORMER PRESIDENT/CEO, RECEIVED A SEVERANCE OF $210,000 IN JANUARY OF 2013. PART I, LINE 7 THE BONUS COMPENSATION AMOUNTS WERE DETERMINED BY DISCRETION OF THE BOARD 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 46 2548431 FMV 0 1 0 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 REGENT, CHAIR OF THE FINANCE COMMITTEE AND FULL 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 IN 2013, THE ASSOCIATION HIRED A COMPENSATION CONSULTANT TO PERFORM A COMPARATIVE MARKET STUDY ON OVER 50 FULL-TIME POSITIONS. THIS STUDY INCLUDED ALL EXECUTIVE AND MANAGEMENT POSITIONS AND A NUMBER OF FRONT LINE STAFF POSITIONS. COMPENSATION WAS 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. SEVERAL MARKET ADJUSTMENTS WERE MADE, AND SALARY GRADES AND PAY SCALES WERE RE-ESTABLISHED FOR ALL POSITIONS. 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 INCLUDED IN THE ASSOCIATION'S ANNUAL REPORT, WHICH IS DISTRIBUTED TO THE DONOR POPULATION AND IS ALSO AVAILABLE UPON SPECIFIC REQUEST. IN ADDITION, A SUMMARY OF THE ASSOCIATION'S FINANCIAL INFORMATION IS POSTED ON GUIDESTAR(WWW.GUIDESTAR.ORG). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTERET RATE SWAP AGREEMENT 2,711,325. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -274,959.