2013-11-14T20:28:01-06:00 2012-12-31 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 208146583 990 2012-01-01 540564701 the MOUNT VERNON LADIES' ASSOCIATION of the union % PHILIP MANNO MOUN 7037998699 PO BOX 110 Suite MT VERNON VA 221210110 PHILIP MANNO 7037998699 2013-08-07 true 3016529100 2012 2016-02-25 16:41:14Z philip manno po box 110 mt vernon VA 22121 54497291 false X www.mountvernon.org X 1853 VA TO PRESERVE, restore and manage the estate of george washington to THE HIGHEST standards and to educate visitors and people throughout the WORLD. 27 27 637 400 405394 15346281 17833083 11762249 13319672 3918990 3881725 4025373 4268278 35052893 39302758 136199 206180 0 0 13735006 14685576 237000 92500 2360290 16677541 29529090 30785746 44513346 4267147 -5210588 277218661 284321263 27353506 30038716 249865155 254282547 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 his character and leadership will continue to inform and inspire. false false 39047816 15686438 George Washington's Mount Vernon welcomed 1,082,000 visitors to the Estate in 2012. Students totaling 320,000 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 continued construction of the Fred W. Smith National Library for the Study of George Washington (National Library). Significant progress has been made on construction of the National Library and it remains on schedule for its September 2013 grand opening. In 2012, the Campaign for the National Library continued and at year-end $89 million had been raised towards our $100 million goal to build and endow the operations of the Library. In honor of the retirement of Mount Vernon's long-time president, James C. Rees, we established the James C. Rees Fellowship Program. By year-end, we raised over $1.7 million to endow the fellowship program. In December 2012, an independent jury of nationally-known scholars met on the estate to select the National Library's inaugural class of fellows. The initial class of fellows consists of seven men and women who will perform their advanced scholarly work at the National Library and Mount Vernon. 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. We hosted the "Gang of Eight" from the U.S. Congress as they discussed the country's fiscal issues and attempted to agree on a compromise to avoid the "fiscal cliff". We dedicated the John C. and Paula P. Evans Volunteer center in honor of John Evans who started the very successful and invaluable volunteer program at Mount Vernon. John and Paula made a generous donation to endow the volunteer program. 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. Our travelling exhibit, Discover the Real George Washington: New Views from Mount Vernon visited three cities during 2012: Simi Valley, California; Tulsa, Oklahoma and St. Louis, Missouri. The travelling exhibit allows us to reach thousands of individuals who may not have the opportunity to visit Mount Vernon. 2012 preservation projects included refurbishment of the Small Dining Room. Efforts included installing new window curtains and a floorcloth, a recreated base for George Washington's mahogany spirits chest, three ribbon-back side chairs with Washington histories, and an original Washington Family print. In June, we made one of the most significant acquisitions in the history of the Mount Vernon Ladies' Association. We were the high bidder of George Washington's personal copy of the Acts of Congress. This 106-page volume includes Washington's copy of the U.S. Constitution, a draft of the Bill of Rights, and other documents recording the early acts of the new Congress. He received this book in 1789, his first year in office as U.S. president and added personal notes in the margins during his terms as president. We hosted a number of popular public events on the estate. Programs like 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. 39047816 true true false false false false true false true true true false true true true true false false false false false false true true false false true false true true false false false false false false false false false false true true false false false false false false false true 171 0 true 637 true true true false false false true true true true false false false false X 27 27 false false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NH 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 MT VERNON VA 22121 MRS JAMES ALLISON 10.0 X X 0 0 0 MRS SHEPARD B ANSLEY 10.0 X 0 MRS JOHN F BOOKOUT III 10.0 X X 0 MRS WILLIAM H BORTHWICK 10.0 X X 0 MRS JAMES CRUMPACKER 10.0 X 0 MRS WILLIAM LIPSCOMB DAVIS JR 10.0 X MRS JARED EDWARDS 10.0 X 0 MRS STANLEY N GAINES 10.0 X 0 MRS JOSEPH W HENDERSON III 10.0 X 0 MRS FRANK X HENKE III 10.0 X 0 MRS DAVID GARTH HOLDSWORTH 10.0 X 0 MRS CHARLES G LANE 10.0 X 0 MRS BENJAMIN LUCAS 10.0 X 0 MRS JOHN F MARS 10.0 X 0 MRS CHARLES B MAYER 10.0 X 0 MRS P WILLIAM MOORE 10.0 X 0 0 MS MELODY SAWYER RICHARDSON 10.0 X 0 MRS J SCHLEY RUTHERFORD 10.0 X 0 MRS EVERETTE SHERRILL 10.0 X 0 MRS P COLEMAN TOWNSEND 10.0 X 0 MRS APLHA BLACKBURN 10.0 X 0 MRS FRANK MAURAN iv 10.0 X 0 MRS THOMAS e PETRI 10.0 X 0 MRS FRANK L COULSON JR 10.0 X 0 MRS CHARLES G REEDER 10.0 X 0 MRS KENAN SAHIN 10.0 X 0 MRS HUGH SCOTT III 10.0 X 0 MRS MICHAEL R MAYTON 10.0 X 0 MRS DAVID E NICHOLS 10.0 X 0 JAMES REES 40.0 X 621756 24390 philip manno 40.0 X 181320 4425 CURTIS VIEBRANZ 40.0 X 80769 4022 BARTON GROH 40.0 X 217531 28175 carol cadou 40.0 X 127504 10730 dennis pogue 40.0 X 185960 16248 stewart mclaurin 40.0 X 168750 6522 F Anderson Morse 40.0 X 129503 20596 susan magill 40.0 X 225000 12018 1938093 0 127126 11 false true false AYERSSAINTGROSS INC 1040 HULL STREET SUITE 100 BALITMORE MD 21230 ARCHITECT 723256 WHITING TURNER CONTRACTING CO PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION SERVICE 17047971 CONSTRUCTION TRADE SERVICES INC 603 EAST CHURCH ST FREDERICK MD 21701 CONSTRUCTION SERVICE 615947 MFM DESIGN 4550 MONTGOMERY AVENUE SUITE 325 NO BETHESDA MD 20814 ARCHITECT 710113 SELECT EVENT RENTALS INC 8610 CHERRY LANE SUITE 30 LAUREL MD 20707 EQUIPMENT RENTAL 584758 21 17833083 3106971 17833083 ADMISSION FEES 900099 13319672 13319672 13319672 1098490 1098490 0 209416 209416 0 0 0 6270913 3487678 2783235 2783235 2783235 924281 213943 710338 710338 0 14265072 11492912 2772160 2366766 405394 OTHER REVENUE 576364 576364 576364 39302758 15686438 405394 5377843 206180 206180 0 0 0 860735 493470 367265 0 10590178 8711606 1074680 803892 783997 651947 93700 38350 1352453 935236 264195 153022 1098213 933481 109821 54911 0 204061 38442 165619 96625 96625 0 92500 92500 0 0 788949 679019 5825 104105 895834 793103 92626 10105 0 0 0 282898 259887 8956 14055 0 61160 50495 5722 4943 612713 612713 0 5791598 5791598 0 CONTRACT & PROF. SVCS 5808953 4665116 295631 848206 COLLECTION & LIBRARY ACQ. 12118852 12118852 PRINTING 319068 267013 1512 50543 UTILITIES 634645 634645 1913734 1205013 523063 185658 44513346 39047816 3105240 2360290 X 28154 0 15279610 20510225 60508510 32311423 999617 904657 0 0 0 0 0 0 3957221 3751556 1276313 1372828 117341366 55910130 65450139 61431236 63278958 72338149 58979588 62607563 0 0 0 0 7460551 29093626 277218661 284321263 4486066 7442451 0 0 649259 591712 15000000 15000000 0 0 0 0 0 0 0 0 7218181 7004553 27353506 30038716 X 107030494 102341337 118231064 124286823 24603597 27654387 249865155 254282547 277218661 284321263 X -5210588 9416774 211206 X false true X true false X X false false false 13504952 8410836 78151158 15346281 17833083 133246310 25594475 27370219 26374229 25564119 27584744 132487786 0 0 0 39099427 35781055 104525387 40910400 45417827 265734096 773794 790000 12901078 2015477 5547990 22028339 0 773794 790000 12901078 2015477 5547990 22028339 243705757 3891626 2264494 2236085 1406377 1098490 10897072 0 3891626 2264494 2236085 1406377 1098490 10897072 0 0 42991053 38045549 106761472 42316777 46516317 276631168 0.88098 0.88168 0.03939 0.05357 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 134418489 12286942 8122184 14433034 140394581 131023770 12372930 -4798880 4179331 134418489 85199712 39819617 8295058 2290617 131023770 76929789 1650414 9850876 3231367 85199712 105658851 4601704 -29080965 4249801 76929789 0.24100 0.19700 0.56200 true false 428838 428838 69019469 43305779 25713690 39949877 7336325 32613552 7943182 5268026 2675156 61431236 COMMON TRUST FUND 7505134 F GLOBAL EQUITIES 12883991 F US EQUITIES 6170182 F GLOBAL COMMODITIES 3788572 F DISTRESSED DEBT HEDGE FUND 3588898 F EVENT DRIVEN HEDGE 10958440 F LONG/SHORT HEDGE FUND 13102501 F PRIVATE EQUITY FUNDS 772750 F GLOBAL FIXED INCOME COMMIGLED 3837095 F 62607563 CAPITAL PROJECTS IN PROCESS 29093626 29093626 0 GIFT ANNUITY 781508 INTEREST RATE SWAP AGREEMENT 6147178 POOLED INCOME LIABILITY 75867 7004553 X 60637593 9416774 11706855 21123629 39513964 -211206 -211206 39302758 56220201 11706855 11706855 44513346 44513346 COLLECTIONS AND RELATIONSHIP TO EXEMPT PURPOSE schedule D - PART III, LINE 4 The Mount Vernon Ladies' Association (MVLA) 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, MVLA 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. LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 PART X The Association is exempt from federal income taxes under the provision of Section 501(c)(3) of the Internal Revenue Code (IRC). The Association is subject to income taxes on revenue generated from other sources unrelated to its exempt purpose. The Association is required to file and does file tax returns with the IRS and other taxing authorities. The Association's tax returns are subject to review and examination by federal, state and local authorities. The tax returns for the years 2012 to 2009 are open to examination by federal, local, and state authorities. The Association has implemented the provision of ASC 740, Income Taxes (formerly, Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes). During the years ended 2012 and 2011, the Association did not identify any uncertain tax positions that qualify for either recognition or disclosure in the financial statements. COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS PART III, LINE 1A Historical Properties 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 is 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. RECONCILIATION OF AUDITED FINANCIAL STATEMENTS WITH RETURN PART XI, LINE 2D; PART XII, LINE 2D COST OF GOODS SOLD 11,492,912 fundraising Events Direct Expenses 213,943 ---------- Total 11,706,835 RECONCILIATION OF AUDITED FINANCIAL PART XI LINE 4b CHANGE IN VALUE OF DERIVATIVE 211,206 X X X X X X true magnet direct direct mail false 1874963 1318454 556509 key associates fundraising consulting false 32500 1874963 1350954 556509 DISCUS 425729 425729 35520 5940 52250 LIFE GUARD EVEN 137997 137997 16383 1940 6295 4 360556 360556 2174 56812 9965 26665 924282 924282 37694 73195 17845 85210 213944 710338 professional fundraising services schedule G - part I item 2b2 true ACCOKEEK FOUNDATION 3400 BRYAN POINT ACCOKEEK MD 20607 526037288 501(C)(3) 30000 VIEWSHED PRESERVATION THOMAS GILCREASE MUSEUM 1400 GILCREASE MUSEUM TULSA OK 74127 262205415 501(C)(3) 23018 SUPPORT SCHOOL VISITS TO MUSEUM EXHIBIT THE PAPERS OF GEORGE WASHINGTON 504 ALDERMAN LIBRARY CHARLOTTESVILLE VA 22904 546001796 501(C)(3) 40000 HISTORICAL SCHOLARSHIP THE RONALD REAGAN PRESIDENTIAL FOUNDATION 40 PRESIDENTIAL DR 200 SIMI VALLEY CA 93065 770054361 501(C)(3) 23162 SUPPORT SCHOOL VISITS TO MUSEUM EXHIBIT WOUNDED WARRIOR FAMILY SUPPORT INC 920 S 107TH AVE SUITE 250 OMAHA NE 68114 201407520 501(C)(3) 90000 SUPPORT PROGRAMS OF THE GROUP 5 X X true true X X X X X X true true false false false false false false false BARTON GROH 217531 16762 11413 245706 0 JAMES REES 148159 473597 18663 5727 646146 0 dennis pogue 73128 112832 7621 8627 202208 stewart mclaurin 168750 3115 3407 175272 0 F Anderson Morse 129503 10141 10455 150099 susan magill 225000 10737 1281 237018 philip manno 181320 3476 949 185745 0 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PART I, LINE 4a and 4b JAMES REES, president - received $225,872 payment from 457(B) and 457(f) PLANs. received a $189,583 severance payment. dennis pogue, vice president of preservation received a severance payment of $100,505. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 30382EDU5 2007-06-20 15000000 REFINANCE EXISTING BONDS, FINANCE false false false A 0 0 15000000 0 0 0 128967 0 0 14871033 0 0 2009 true false true true A false false false false 0 false false false A false false false true true true SUNTRUST 30. false false false 0 false true A false X 3056098 estimated FMV X furniture 1 9644 cost to purchase X livestock feed 1 21734 cost to purchase X landscaping product 1 11125 cost to purchase false true false governance PART VI, section b, LINE 11 The process surrounding the preparation of this Form 990, Return of Organization Exempt From Income Tax, contained three levels of review. A draft of the return was prepared by our tax advisors, cohn/Reznick, based on financial information in our certified audit, organizational information documented from the audit, preparation of required schedules by the Finance Department, and answers to checklist questions. The draft was first reviewed by the Chief Financial Officer and finance staff for accuracy of the financial information and complete disclosures. Copies of the draft return were then provided to the president, outside legal counsel, the regent and Chairs of the Finance and Audit Committees. A conference call was held with the regent, chairs of the finance and audit committees and the president, chief financial officer and finance staff to explain the return and the relevance to non-profit governance, and discuss the importance of the underlying disclosures to potential donors. In addition, a final draft copy of the return was provided to all Board members for any additional comments or questions before filing. governance PART VI, section b, LINE 12 The Association's Conflict of Interest policy requires the annual completion of a Conflict of Interest form by all Board members, 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 - any other activities The forms are reviewed by the Chief Financial Officer and are discussed with 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. governance PART VI, section b, question 15 In 2012, The Board consulted with an independent executive national search firm to develop the compensation package of the President. In 2011, the Board authorized the re-engagement of Quatt Associates, an outside compensation consultant, to do a comparative review of the compensation of our executives and approximately 40 other staff positions, mostly management. Quatt provided us with benchmark compensation data in comparison to our peer groups (museums and historic houses, etc.), the Northern Virginia (suburb of Washington, DC) non-profit job market and the Washington, DC museum market. Results of this study and subsequent discussions with Quatt in 2011 were used as the basis for reevaluating our job grades and compensation structure and will be used in the future in ongoing compensation decisions be used in the future in ongoing compensation decisions governance 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 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) and charity navigator.org. balance sheet form 990 line 11 Historical properties and collections historical properties and collections owned by the association were acquired through purchases and contributions since the association's inception. these historical properties and collections are not included as assets in the statement of financial position. the cost of the properties is 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 aquired 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. reconciliation of net assets form 990 part xi line 9 Change in value of derivative 211,206