2014-11-13T15:30:41-06:00 2013-12-31 540504608 BROWN EDWARDS & COMPANY LLP PO BOX 10189 LYNCHBURG VA 245060189 990 2013-01-01 540505959 THOMAS JEFFERSON FOUNDATION INC THOM 4349849806 PO BOX 316 CHARLOTTESVILLE VA 22902 LAURA TERRY VICE PRESIDENT & CFO 4349849806 2014-11-10 1 SUSAN ACKLEY P00025524 4349489000 2013 2015-11-30 17:44:51Z LESLIE G BOWMAN PO BOX 316 CHARLOTTESVILLE VA 22902 40796596 0 X WWW.MONTICELLO.ORG X 1923 VA THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TO PRESERVE MONTICELLO AND EDUCATE THE WIDEST AUDIENCE REGARDING THOMAS JEFFERSON INCLUDING SCHOLARS AND THE GENERAL PUBLIC. 14 13 452 154 531383 -118334 7767020 19509123 8231669 8580573 10047132 4698037 4541726 4659681 30587547 37447414 132623 87419 0 0 11662691 12021926 0 0 1561674 12851405 12428327 24646719 24537672 5940828 12909742 247526299 287185592 40172038 35832154 207354261 251353438 X THE THOMAS JEFFERSON FOUNDATION'S MISSION IS TWO-FOLD: PRESERVATION - TO CONSERVE, PROTECT AND MAINTAIN MONTICELLO IN A MANNER THAT LEAVES IT ENHANCED AND UNIMPAIRED FOR FUTURE GENERATIONS. EDUCATION - TO INTERPRET AND PRESENT THOMAS JEFFERSON TO THE WIDEST POSSIBLE AUDIENCES, INCLUDING SCHOLARS AND THE GENERAL PUBLIC. 0 0 14349797 13240254 THE THOMAS JEFFERSON FOUNDATION OPERATES MONTICELLO, THE HOME OF THE NATION'S THIRD PRESIDENT AND AUTHOR OF THE AMERICAN DECLARATION OF INDEPENDENCE. OVER 435,000 PEOPLE VISIT MONTICELLO ANNUALLY. ADMISSION INCLUDES AN INTERPRETIVE GUIDED TOUR OF HIS HOME, ONE OF OUR COUNTRY'S FOREMOST ARCHITECTURAL MASTERPIECES AND THE ONLY HOME IN AMERICA NAMED TO THE UNITED NATIONS WORLD HERITAGE LIST. IN ADDITION TO ADMISSION REVENUE THE ABOVE TOTAL ALSO INCLUDES GIFTS AND GRANTS, AND SALES FROM THE RETAIL OPERATIONS OF THE MUSEUM SHOPS, CATALOG AND ONLINE RETAIL. THE REVENUE CONTRIBUTES TO THE PRESERVATION OF MONTICELLO FOR FUTURE GENERATIONS, WHICH IS ONE OF THE MISSIONS OF THE FOUNDATION. 3923922 87419 THE THOMAS JEFFERSON FOUNDATION OPERATES THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES (ICJS), WHICH HOUSES THE THOMAS JEFFERSON LIBRARY. THE CENTER IS ALSO DEVOTED TO RESEARCH AND EDUCATION OF THE GENERAL PUBLIC AS WELL AS SCHOLARLY RESEARCH AND PUBLICATIONS, THROUGH THE JEFFERSON LIBRARY, ARCHAEOLOGICAL RESEARCH AND PUBLICATION, AND OTHER ADULT EDUCATION PROGRAMS. THE ICJS ALSO IS RESPONSIBLE FOR THE RESEARCH AND PUBLICATION OF 23 VOLUMES OF RESEARCH, THE PAPERS OF THOMAS JEFFERSON, EMBRACING THE PERIOD FROM JEFFERSON'S RETIREMENT FROM THE PRESIDENCY IN MARCH 1809 UNTIL HIS DEATH IN 1826, KNOWN AS THE "RETIREMENT SERIES". 1431312 THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE UNITED NATIONS WORLD HERITAGE HOUSE WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL-TIME CURATORIAL DEPARTMENT. THE FOUNDATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN ORDER TO ADVANCE UNDERSTANDING OF JEFFERSON AND MONTICELLO IN FURTHERANCE OF PUBLIC SERVICE. 19705031 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 X 74 0 1 452 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT WA WV WI ND DC X PHILIPPE JD HEUSCHEN CONTROLLER 4349849806 1050 MONTICELLO LOOP ROAD CHARLOTTESVILLE VA 22902 DONALD A KING JR CHAIRMAN 1.00 X X 0 0 0 DAVID R GOODE VICE CHAIRMAN 1.00 X X 0 0 0 LIBBY H O'CONNELL SECRETARY 1.00 X X 0 0 0 JOHN H BIRDSALL TRUSTEE 1.00 X 0 0 0 JF BRYAN TRUSTEE 1.00 X 0 0 0 GINGER HUANG DIETRICH TRUSTEE 1.00 X 0 0 0 GLYNN D KEY TRUSTEE 1.00 X 0 0 0 FRITZ R KUNDRUN TRUSTEE 1.00 X 0 0 0 RICHARD A MAYO TRUSTEE 1.00 X 0 0 0 JON MEACHAM TRUSTEE 1.00 X 0 0 0 CHARLOTTE MOSS TRUSTEE 1.00 X 0 0 0 PAMELA REYNOLDS TRUSTEE 1.00 X 0 0 0 GILBERT P SCHAFER III TRUSTEE 1.00 X 0 0 0 JOHN CHARLES THOMAS TRUSTEE 1.00 X 0 0 0 LESLIE G BOWMAN PRESIDENT 40.00 X 381781 0 61418 ANN H TAYLOR EXECUTIVE VICE PRESIDENT 40.00 X 187269 0 20857 VICTORIA W JONES VICE PRESIDENT & CFO 40.00 X 184439 0 16925 SUSAN R STEIN RICHARD GILDER CURATOR &VP 40.00 X 126037 0 13282 GARY L SANDLING VICE PRESIDENT VISITOR SERVICES & PROGRAMS 40.00 X 119884 0 8098 JOHN J LOONEY EDITOR, THOMAS JEFFERSON PAPERS 40.00 X 119853 0 17719 ANDREW J O'SHAUGHNESSY SAUNDERS DIR-RH SMITH ICJS 40.00 X 119145 0 11993 KENNETH L MITCHELL ASSISTANT VICE PRESIDENT 40.00 X 118723 0 11976 JOSHUA J SCOTT DIRECTOR OF DEVELOPMENT 40.00 X 115393 0 2483 SHARON L MCELROY DIRECTOR OF RETAIL SALES 40.00 X 105193 0 11715 PAUL FRITZ FMR. DIR. INFORMATION TECHNOLOGY 40.00 X 103154 0 6270 1680871 0 182736 11 1 1 0 UNITED PARCEL SERVICE PO BOX 7247-0244 PHILADELPHIA PA 191700001 RETAIL SHIPPING 867904 AMERICAN EXPRESS PO BOX 360001 FT LAUDERDALE FL 333360001 PURCHASING CARD SERVICE 458627 PROGRESS PRINTING 2677 WATERLICK ROAD LYNCHBURG VA 245024861 PRINTING 424856 BANK OF AMERICA CREDIT CARD PO BOX 15796 WILMINGTON DE 15796 CREDIT CARD SERVICE 238373 ADVANCED NETWORK SYSTEMS INC PO BOX 7222 CHARLOTTESVILLE VA 22906 IT NETWORK SOLUTIONS 210747 18 8630 74708 19425785 1533295 19509123 ADMISSIONS FEES 900099 8003466 8003466 OTHER PROGRAM INCOME 900099 333562 333562 EDUCATION PROGRAM 900099 127500 127500 FOOD SERVICE SALES 453220 116045 116045 8580573 733679 -2540 736219 70543 70543 169234 0 169234 169234 169234 4051697 87339 3964358 3964358 -40 3964398 7681747 3261843 4419904 3885941 533963 37447414 12590246 531383 4816662 87419 87419 1594776 971298 327444 296034 8175470 6991011 860202 324257 458668 361130 69758 27780 1038884 861829 131136 45919 754128 629779 80872 43477 125789 125789 66388 66388 1018239 803730 165697 48812 357240 328375 28865 1521860 1320772 153370 47718 414980 356093 21066 37821 292 292 649071 579312 66005 3754 706888 456395 47901 202592 1094502 1094502 3191621 2315481 643945 232195 335227 67140 268087 EQUIPMENT RENTAL AND MA 1119631 871179 108264 140188 PRINTING AND PUBLICATIO 767174 674757 12822 79595 SHIPPING & HANDLING 589314 589314 CONSERVATION AND COLLEC 199026 199026 271085 146197 93356 31532 24537672 19705031 3270967 1561674 0 0 6376980 10798628 6936921 11635294 120580 211194 1641687 1746673 361698 573165 89132938 19792671 71537790 69340267 34327530 40922544 125547339 151389804 675774 568023 247526299 287185592 1747473 2139569 29806000 29776000 8618565 3916585 40172038 35832154 X 133441522 154240299 34481813 57612556 39430926 39500583 207354261 251353438 247526299 287185592 X 12909742 26702485 65114 4321836 X X 0 1 X 1 0 X 11674682 10831598 8449190 7767020 19509123 58231613 11674682 10831598 8449190 7767020 19509123 58231613 26882185 31349428 503389 891729 658810 988644 973456 4016028 423780 477542 442975 473406 533964 2351667 164346 76308 109384 111203 116045 577286 65176594 71925069 0.48100 0.55680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 109207525 1630894 10544536 2524184 118858771 102323595 1482521 7227122 2328018 109207525 100185452 2485325 2393349 2238226 102825900 95993551 2193004 4144361 2145464 100185452 71387250 19541882 6901291 1836872 95993551 0.45000 0.33000 0.22000 0 0 14158145 14158145 54628334 9781450 44846884 113210 100172 13038 8611743 5617284 2994459 11621506 4293765 7327741 69340267 PRIVATE INVESTMENT COMPANIES 151389804 F 151389804 INTEREST RATE SWAP LIABILITIES 2237714 NET PENSION LIABILITY 1106648 ANNUITY & SPLIT-INTEREST LIABILITIES 572223 3916585 X 67476857 26702486 65114 3261843 30029443 37447414 0 37447414 23477973 3261843 3261843 20216130 4321542 4321542 24537672 PART III, LINE 1A: PART III, LINES 1A & 4: AFS FOOTNOTE 1 HISTORIC PROPERTIES AND COLLECTIONS: THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE ITS HISTORIC PROPERTIES AND COLLECTIONS. THESE COLLECTIONS ARE RELATED TO THOMAS JEFFERSON AND HIS PLANTATION HOME, MONTICELLO. THE MOST PRECIOUS ARTIFACT IN THE COLLECTION IS THE HOUSE ITSELF AND THE SURROUNDING LANDSCAPE, WHICH WERE DESIGNED BY THOMAS JEFFERSON BETWEEN 1769 AND 1809. THE CURATORIAL COLLECTIONS CHIEFLY CONSIST OF PAINTINGS, DECORATIVE ARTS AND ARTIFACTS, APPROXIMATELY 2,600 OF WHICH RELATE DIRECTLY TO JEFFERSON AND MONTICELLO, AND ABOUT 1,900 BOOKS WITH TITLES AND EDITIONS SELECTED TO DUPLICATE JEFFERSON'S ORIGINAL LIBRARY. ABOUT 40 OF THESE VOLUMES ARE JEFFERSON'S OWN COPIES. THE FOUNDATION'S RESTORATION DEPARTMENT IS DEDICATED TO THE ARCHITECTURAL PRESERVATION OF THE HOUSE, WHILE THE CURATORIAL COLLECTIONS ARE UNDER THE CARE OF A FULL CURATORIAL DEPARTMENT. THE FOUNDATION'S COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH IN ORDER TO ADVANCE UNDERSTANDING OF JEFFERSON AND MONTICELLO IN FURTHERANCE OF PUBLIC SERVICE. THE FOUNDATION'S COLLECTIONS MANAGEMENT POLICY REQUIRES THAT THE PROCEEDS FROM THE SALE OF ANY ARTIFACT FROM THE FOUNDATION'S COLLECTION WOULD BE USED TO ACQUIRE ADDITIONAL ARTIFACTS FOR THE COLLECTION. THE FOUNDATION DOES NOT RECOGNIZE THE DONATIONS OF COLLECTION ITEMS AS CONTRIBUTION INCOME, AS THE COLLECTIONS ARE NOT CAPITALIZED. PART V, LINE 4: ALL ENDOWMENT INVESTMENTS ARE CLASSIFIED AS NONCURRENT ASSETS TO RECOGNIZE THE FOUNDATION'S INTENTION TO CONTINUALLY REINVEST EARNINGS AND PRESERVE PRINCIPAL EXCEPT TO THE EXTENT OF ANY ANNUAL WITHDRAWALS IN ACCORDANCE WITH THE ENDOWMENT SPENDING POLICY. THE FOUNDATION HAS A POLICY OF APPROPRIATING 5% OF THE AVERAGE MARKET VALUES OF ENDOWMENT FUNDS AS OF JUNE 30, OF EACH OF THE THREE YEARS PRECEDING THE FISCAL YEAR IN WHICH SPENDING IS PLANNED. IN ESTABLISHING THIS POLICY, THE FOUNDATION CONSIDERED THE LONG TERM EXPECTED TOTAL REAL RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE FOUNDATION EXPECTS ITS SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE ANNUAL REAL TOTAL RETURN OF 5%. THIS IS CONSISTENT WITH THE FOUNDATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM WHILE SUPPORTING THE OPERATIONS OF THE FOUNDATION. PART X, LINE 2: THE FOUNDATION HAS NET OPERATING LOSS CARRYFORWARDS TOTALING MORE THAN $3 MILLION, WITH EXPIRATIONS RANGING FROM 2019 TO 2029. A 100% VALUATION ALLOWANCE HAS BEEN RECORDED AGAINST THIS DEFERRED TAX ASSET BECAUSE IT IS UNCERTAIN THAT THE CARRYFORWARDS REPRESENTS A FUTURE TAX BENEFIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,261,843. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,261,843. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACT 2,669,177. CHANGE IN PENSION LIABILITY 1,684,932. LOSS OF DISPOSITION OF PROPERTY -32,567. PART V, LINES 1A-G REFLECTS REVISED METHODOLOGY TO ALIGN THE ENDOWMENT FUNDS REPORTING TO MATCH THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. ADJUSTMENTS WERE MADE IN PRIOR YEARS TO REFLECT THE REVISED BEGINNING OF YEAR BALANCE. 1 EUROPE 0 0 PROGRAM SERVICE CONFERENCE 15179 0 0 0 0 0 0 15179 0 15179 0 0 0 0 0 0 PART I, LINE 3: EUROPE; THE FOUNDATION HELD A CONFERENCE IN ESTORIL, PORTUGAL FROM JUNE 24-26, 2013 ENTITLED: "FEDERALISM IN THE AGE OF JEFFERSON" IN PARTNERSHIP WITH UNIVERSIDADE CATOLICA PORTUGUESA. 1 FELLOWSHIPS 24 60420 N/A NONE PART 1 THE FELLOWSHIP AWARDS ARE MADE TO DOCTORAL CANDIDATES AND POSTDOCTORAL SCHOLARS WORKING ON THOMAS JEFFERSON RELATED OR THOMAS JEFFERSON ERA PROJECTS. ALL FELLOWS ARE EXPECTED TO BE IN RESIDENCE AT THE ROBERT H. SMITH INTERNATIONAL CENTER FOR JEFFERSON STUDIES, WHERE THEY HAVE ACCESS TO THE FOUNDATION'S EXPERT STAFF AND RESEARCH HOLDINGS AT THE JEFFERSON LIBRARY AS WELL AS THOSE OF THE UNIVERSITY OF VIRGINIA. POTENTIAL FELLOWS MUST SUBMIT A SUCCINCT DESCRIPTION OF THE RESEARCH PROJECT (500 WORDS), ONE-PARAGRAPH SUMMARY OF THE PROJECT AND A RESUME. AWARDS ARE MADE TWICE YEARLY. THE APPLICATIONS ARE REVIEWED BY A SELECTION COMMITTEE CONSISTING OF SEVERAL FOUNDATION STAFF MEMBERS AND THOMAS JEFFERSON PROFESSORS AT THE UNIVERSITY OF VIRGINIA HISTORY DEPARTMENT. THE FELLOWSHIP AWARDS ARE GIVEN FOR THE MOST WORTHY PROPOSALS. X X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 LESLIE G BOWMAN PRESIDENT 381781 0 0 0 0 0 15300 0 46118 0 443199 0 0 0 ANN H TAYLOR EXECUTIVE VICE PRESIDENT 187269 0 0 0 0 0 11279 0 9578 0 208126 0 0 0 VICTORIA W JONES VICE PRESIDENT & CFO 184439 0 0 0 0 0 9584 0 7341 0 201364 0 0 0 PAUL FRITZ FMR. DIR. INFORMATION TECHNOLOGY 62489 0 0 0 40665 0 2041 0 4229 0 109424 0 0 0 PART I, LINE 1A THE FOUNDATION HAS A TRAVEL AND REIMBURSEMENT POLICY IN PLACE WHICH DETAILS TRAVEL ELIGIBLE FOR REIMBURSEMENT. ANY SUCH REQUEST MUST BE APPROVED BY THE EMPLOYEE'S SUPERVISOR. IN THE CASE OF THE FOUNDATION PRESIDENT ALL REIMBURSEMENTS ARE REVIEWED BY THE BOARD CHAIR. PART I, LINE 1A; THE FOUNDATION REQUIRES MS. BOWMAN TO LIVE IN FOUNDATION PROVDIDED HOUSING. VALUATION OF THE HOUSING PROVIDED IS ASSESSED BY AN INDEPENDENT THIRD-PARTY REALTOR. PART I, LINE 1A; THE FOUNDATION COVERS A PORTION OF HEALTH CLUB MEMBERSHIP FOR ALL EMPLOYEES WHO ELECT SUCH MEMBERSHIP. PART I, LINE 1B PART I, LINE 4A THIS INDIVIDUAL RECEIVED A NEGOTIATED PAYMENT OF $40,665. A EDA OF ALBEMARLE COUNTY VIRGINIA 521297503 2011-12-20 29840000 SEE PART VI 0 0 0 A 29840000 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 1 1 0 NA 0 0 0 NA 0 0 1 A 1 PART I, LINE A(F) CURRENT REFUNDING OF ISSUER'S VARIABLE RATE REVENUE BONDS (THOMAS JEFFERSON FOUNDATION, INC.), SERIES 2007, ISSUED ON JUNE 27, 2007 TO FINANCE THE COSTS OF CONSTRUCTION OF A VISITOR CENTER. MR RICHARD A MAYO TRUSTEE 164802 THE FOUNDATION INVESTS IN MAYO INVESTMENT ADVISERS, LLC, A FUND MANAGED BY MR. MAYO, A MEMBER OF THE BOARD OF TRUSTEES. MAYO INVESTMENT ADVISERS CHARGED INVESTMENT MANAGEMENT FEES WHICH TOTALED $164,802 FOR 2013. MR. MAYO IS NOT A MEMBER OF THE FOUNDATION'S INVESTMENT COMMITTEE AND THEREFORE NOT INCLUDED IN THE INVESTMENT SELECTION AND APPROVAL PROCESS. 0 X 25 1533295 FAIR MARKET VALUE X 2 0 SEE PART II EXPLANATION 0 1 0 PART I, COLUMN (B): PART I, LINE 22: THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE ITS HISTORIC PROPERTIES AND COLLECTIONS. THESE COLLECTIONS ARE RELATED TO THOMAS JEFFERSON AND HIS PLANTATION HOME, MONTICELLO. THEREFORE, THE FOUNDATION DOES NOT RECOGNIZE THE DONATION OF COLLECTION ITEMS AS CONTRIBUTION REVENUE. FORM 990, PART V, QUESTIONS 7G AND 7H THE FOUNDATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY IN 2013, THEREFORE THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE FOUNDATION DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE FOUNDATION TO FILE FORM 1098-C. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION'S FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT AND THEN FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW. UPON APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND THEN SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A WRITTEN "ETHICS POLICY AND CODE OF CONDUCT" WHICH REQUIRES THE BOARD OF TRUSTEES, EMPLOYEES, INTERNS AND VOLUNTEERS TO ANNUALLY REVIEW THE POLICY AND DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND UPPER MANAGEMENT ANNUALLY. THE FOUNDATION USES SALARY INFORMATION OBTAINED FROM GUIDESTAR NON PROFIT COMPENSATION REPORT AND SALARY SURVEYS AS FOLLOWS: PRM; ASSOCIATION OF ART MUSEUM DIRECTORS; NATIONWIDE MUSEUM AND CULTURAL INSTITUTION SURVEY; AMERICAN PUBLIC GARDENS ASSOCIATION COMPENSATION AND BENEFITS SURVEY; TOWERS WATSON SALARY SURVEY; KENEXA COMP ANALYSIS SOFTWARE; INFORMATION OBTAINED FROM THE BUSINESS AND LEGAL REPORTS (BLR) WEBSITE; INFORMATION OBTAINED FROM THE UVA WEBSITE; INFORMATION OBTAINED FROM OTHER HISTORICAL SITES SUCH AS MOUNT VERNON, MONTPELIER, COLONIAL WILLIAMSBURG; INFORMATION OBTAINED FROM SURROUNDING LOCATIONS SUCH AS THE CITY OF CHARLOTTESVILLE, HENRICO COUNTY, AND ALBEMARLE COUNTY; AND, AD-HOC SURVEY OF OTHER PRESIDENTIAL PAPERS PROJECTS. THE EXECUTIVE COMMITTEE REVIEWS THE SURVEY INFORMATION AS COMPARED WITH THE SALARY PAID TO OFFICERS AND UPPER MANAGEMENT, GIVES INPUT, AND APPROVES THE COMPENSATION. THE EXECUTIVE AND FINANCE COMMITTEE HAVE THE FINAL APPROVAL FOR ALL OFFICER AND KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS 990, 990T AND IRS DETERMINATION LETTER (FORM 1023) AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT PUBLISH ITS ORGANIZATIONAL DOCUMENTS, "ETHICS POLICY AND CODE OF CONDUCT" AND FINANCIAL STATEMENTS. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 1,684,932. UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT 2,669,177. LOSS ON DISPOSITION OF PROPERTY -32,567. ROYALTIES INCLUDED IN AFS COGS 294. FORM 990, PART XII, LINE 2C - THE AUDIT COMMITTEE WHICH CONSISTS OF INDEPENDENT TRUSTEES IS RESPONSIBLE FOR OVERSIGHT OF THE FOUNDATION'S AUDIT AND SELECTION OF AN INDEPENDANT CERTIFIED PUBLIC ACCOUNTANT.