2023-12-22T09:25:11-06:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 561748648 MUSEUM OF THE NEW SOUTH INC MUSE 7043331887 PO BOX 30125 CHARLOTTE NC 28230 RICHARD COOPER PRESIDENT & CEO 7043331887 2023-12-22 1 RICHARD COOPER 999009999 0 AMY BIBBY P00445891 8282542254 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEVINE MUSEUM OF THE NEW SOUTH RICHARD COOPER PO BOX 30125 CHARLOTTE NC 28230 1815366 0 X WWW.MUSEUMOFTHENEWSOUTH.ORG X 1991 NC LEVINE MUSEUM'S MISSION IS TO CONNECT THE PAST TO THE FUTURE TO REALIZE THE PROMISES OF A NEW SOUTH THROUGH EXHIBITS THAT EXPLORE COMPLEX CHAPTERS IN THE REGION'S HISTORY AND PROGRAMS THAT LAUNCH DIALOGUE, FOSTER EMPATHY, AND BUILD AN EQUITABLE COMMUNITY. 24 24 24 8 3955 1906 1064465 1586944 107027 16320 5422036 45401 93838 72245 6687366 1720910 0 0 0 0 1168674 1612052 0 0 324197 894011 1435044 2062685 3047096 4624681 -1326186 19470866 18718004 130693 118317 19340173 18599687 X LEVINE MUSEUM'S MISSION IS TO CONNECT THE PAST TO THE FUTURE TO REALIZE THE PROMISES OF A NEW SOUTH THROUGH EXHIBITS THAT EXPLORE COMPLEX CHAPTERS IN THE REGION'S HISTORY AND PROGRAMS THAT LAUNCH DIALOGUE, FOSTER EMPATHY, AND BUILD AN EQUITABLE COMMUNITY. 0 0 1939451 15059 PLEASE SEE OUR STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS ON SCHEDULE O. 1939451 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 24 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LISA HORLDT 7043331887 200 EAST 7TH STREET CHARLOTTE NC 28202 KIETH COCKRELL IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 TY NIESS CHAIR 2.00 X X 0 0 0 JIMMY KMETZ TREASURER 2.00 X X 0 0 0 VIDA HARVEY DIRECTOR 2.00 X X 0 0 0 KELLY ALEXANDER DIRECTOR 2.00 X 0 0 0 JUDY AUGUST DIRECTOR 2.00 X 0 0 0 KEITH CLARK DIRECTOR 2.00 X 0 0 0 DENISE COLEMAN DIRECTOR 2.00 X 0 0 0 LUCIA ZAPATA GRIFFITH DIRECTOR 2.00 X 0 0 0 RHONDALE HAYWOOD DIRECTOR 2.00 X 0 0 0 KEVIN MALCOLM SECRETARY 2.00 X 0 0 0 KATE MAYNARD DIRECTOR 2.00 X 0 0 0 CG NEWSOME DIRECTOR 2.00 X 0 0 0 SCOTT POOLE DIRECTOR 2.00 X 0 0 0 HUNTER PRIESTER DIRECTOR 2.00 X 0 0 0 RYAN RICH DIRECTOR 2.00 X 0 0 0 MICHAEL SMITH DIRECTOR 2.00 X 0 0 0 CLAYE STOKES DIRECTOR 2.00 X 0 0 0 CYNTHIA WALLACE DIRECTOR 2.00 X 0 0 0 GLEN WRIGHT VICE CHAIR 2.00 X 0 0 0 JONI ADAMS DIRECTOR 2.00 X 0 0 0 GRIS BAILEY DIRECTOR 2.00 X 0 0 0 DAVID JACOBS DIRECTOR 2.00 X 0 0 0 BRYON WHITE DIRECTOR 2.00 X 0 0 0 KATHRYN HILL PRESIDENT & CEO 40.00 X 201817 0 8099 JOHN RUSSICK INTERIM PRESIDENT & CEO 40.00 X 29292 0 0 FRANCES ABBOTT CHIEF CONTENT STRATEGIST 40.00 X 107666 0 9460 LISA HORLDT CHIEF FINANCIAL OFFICER 40.00 X 107149 0 10238 445924 0 27797 3 0 1 0 0 48540 1538404 1586944 ADMISSIONS AND SALES 713990 16320 16320 16320 45401 45401 153252 86522 66730 66730 10628 7934 2694 -1261 3955 MISCELLANEOUS REVENUE 900099 2821 2821 2821 1720910 15059 3955 114952 X 239207 119603 95683 23921 1202551 768522 200129 233900 22188 13668 4552 3968 57184 35225 11733 10226 90922 56008 18655 16259 53810 53810 18587 18587 328086 112761 215325 74462 74462 466437 345023 119763 1651 43495 29321 14033 141 23706 15276 8346 84 2954 1130 696 1128 2614 1000 616 998 23284 23284 4379 2822 1542 15 EXHIBITS AND PROGRAMS 245318 245318 MISCELLANEOUS 145873 93997 38557 13319 BAD DEBT EXPENSE 2017 2017 UNRELATED BUSINESS INCO 22 14 8 3047096 1939451 783448 324197 741255 671260 10155769 9370892 206900 5000 28567 55967 20654 13147 251081 127483 22469 123598 8287899 8464698 7353 13442 19470866 18718004 130693 113746 0 4571 130693 118317 X 18934857 18368110 405316 231577 19340173 18599687 19470866 18718004 -1326186 585700 0 X X 0 1 X 1 0 X 1360091 1406514 1833986 1064465 1586944 7252000 1360091 1406514 1833986 1064465 1586944 7252000 1168500 6083500 227244 133714 13231 9557 45401 429147 13501 7734 2640 3955 27830 2821 2821 7711798 571291 0.78890 0.80160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 8287899 585700 390314 18587 8464698 9555749 395300 -1318999 327736 16415 8287899 7865175 206455 2044925 538718 22088 9555749 7846910 397600 66355 425416 20274 7865175 7926834 76700 250467 386913 20178 7846910 1.00000 0 0 26969 13693 13276 123713 62814 60899 100399 50976 49423 123598 LEASE LIABILITY 4571 4571 X 2393132 585700 86522 672222 1720910 0 1720910 3133618 86522 86522 3047096 0 3047096 PART III, LINE 1A: THE MUSEUM'S COLLECTION CONSISTS MAINLY OF ARTIFACTS RELATING TO THE CHARLOTTE AND PIEDMONT REGION OF THE CAROLINAS. IN ACCORDANCE WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, OBJECTS PURCHASED AND DONATED FOR PUBLIC EXHIBITION ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. THIS IS PRIMARILY BECAUSE OF THE LACK OF RECORDS COVERING THE COST OR FAIR MARKET VALUE OF OBJECTS AND THE DIFFICULTY OF DETERMINING THE VALUE OF SUCH A COLLECTION. EACH ITEM IN THE COLLECTION IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: THE MUSEUM'S COLLECTION CONSISTS MAINLY OF ARTIFACTS RELATING TO THE CHARLOTTE AND PIEDMONT REGION OF THE CAROLINAS. PART V, LINE 4: FUNDS RAISED FOR THE QUASI-ENDOWMENT ARE INTENDED FOR THE PRINCIPAL PURPOSE OF PROVIDING OPERATING CASH FLOW FOR THE MUSEUM FROM INCOME AND CAPITAL APPRECIATION GENERATED BY THE INVESTED FUNDS. BECAUSE OF THE NATURE OF THE QUASI-ENDOWMENT, UNDER EXTRAORDINARY CIRCUMSTANCES THE MUSEUM HAS THE AUTHORTY (WITH APPROVAL FROM THE BOARD OF DIRECTORS) TO USE ITS CORPUS FOR OPERATING NEEDS. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE MUSEUM HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 86,522. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 86,522. CATALYST 153252 153252 86522 153252 153252 86522 86522 66730 X X 0 0 0 0 0 0 0 0 0 KATHRYN HILL PRESIDENT & CEO 151817 0 50000 0 0 0 8099 0 0 0 209916 0 0 0 FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: FOR 30 YEARS, LEVINE MUSEUM OF THE NEW SOUTH HAS EXPLORED THE REGION'S HISTORY THROUGH EXHIBITS, EDUCATIONAL PROGRAMS, AND DIALOGUES THAT PROVIDE CONTEXT AROUND CONTEMPORARY ISSUES, TACKLE IMPORTANT QUESTIONS, AND ENCOURAGE NECESSARY COMMUNITY DIALOGUE. LEVINE MUSEUM IS A CIVIC AND EDUCATIONAL INSTITUTION LOCATED IN CENTER CITY CHARLOTTE OFFERING DIGITAL EXPERIENCES, ON-SITE EXHIBITS, AND PROGRAMMING FOR ADULTS, FAMILIES, CHILDREN, AND SCHOOL AUDIENCES. THE MUSEUM HAS EARNED A LOCAL, NATIONAL, AND INTERNATIONAL REPUTATION FOR CREATING INNOVATIVE AND GROUND-BREAKING EXHIBITS AND PROGRAMS THAT USE HISTORY TO BUILD COMMUNITY. LEVINE MUSEUM REALIZED THE FOLLOWING ACCOMPLISHMENTS IN FISCAL YEAR 2023: - OPENED A GALLERY IN THE HEART OF UPTOWN CHARLOTTE FREE TO THE PUBLIC IN OCTOBER 2022; - SHOWED FOUR TRAVELING/TEMPORARY EXHIBITIONS, INCLUDING MEN OF CHANGE: POWER. TRUTH. TRIUMPH., A TRAVELING EXHIBIT FROM THE SMITHSONIAN INSTITUTION TO INAUGURATE THE MUSEUM'S NEW SPACE; - BOOKED TRAVELING EXHIBITION CO-CREATED WITH GRIER HEIGHTS COMMUNITY TO BE DISPLAYED IN COMMUNITY SPACES FOR AT LEAST THE NEXT YEAR; - BEGAN WORK ON A NEW CHARLOTTE HISTORY EXHIBITION WITH AN AWARD-WINNING TEAM; - LAUNCHED TWO NEW SCHOOL OFFERINGS SUCCESSFUL PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS AND FIELD TRIPS IN THE CITY, WHICH TAKES STUDENTS ON AN AUGMENTED-REALITY ENHANCED WALKING TOUR OF THE FORMER BROOKLYN NEIGHBORHOOD IN CHARLOTTE; - ADDED SIX FULL TIME STAFF POSITIONS AND CONDUCTED A NATIONAL SEARCH FOR A CEO; - WROTE AND ADOPTED A DEAI STATEMENT; - REDESIGNED ITS WEBSITE, IMPROVING ITS SPEED AND FUNCTIONALITY FOR MORE DIGITAL CONTENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITOR WILL PRESENT THE COMPLETED FORM 990 TO THE MUSEUM'S AUDIT COMMITTEE AT A DULY-NOTICED MEETING OF THAT COMMITTEE. REPRESENTATIVES OF THE AUDITOR WILL ATTEND THAT MEETING TO DISCUSS THE FORM 990. AFTER THE AUDIT COMMITTEE APPROVES THE FORM 990, THE CONTROLLER WILL CIRCULATE THE FORM 990 TO ALL BOARD MEMBERS BY EMAIL ON BEHALF OF AUDIT COMMITTEE CHAIR AND/OR THE BOARD CHAIR. THIS EMAIL WILL PROVIDE BOARD MEMBERS WITH AN EXPLANATION OF THE AUDIT COMMITTEE'S REVIEW OF THE FORM 990 AND WILL INVITE BOARD MEMBERS TO CONTACT THE AUDIT COMMITTEE CO-CHAIRS OR THE BOARD CHAIR WITH ANY QUESTIONS OR COMMENTS ABOUT THE FORM 990. THEREAFTER, THE MUSEUM WILL FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. DURING THE FISCAL YEAR 2016, PRIOR TO THE ANNUAL AUDIT, THE CHAIRMAN OF THE BOARD OF DIRECTORS REVIEWED FORMS SUBMITTED BY MEMBERS OF THE BOARD TO DETERMINE IF ANY POTENTIAL CONFLICTS EXISTED, AND DETERMINED THAT FOR THE YEAR NO CONFLICTS EXISTED. IN THE POSSIBLE EVENT OF A CONFLICT OF INTEREST, THE CHAIRMAN WOULD REFER THE SITUATION TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REMEDIAL ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWED PUBLICLY-AVAILABLE INFORMATION ON CEO COMPENSATION FROM COMPARABLE CULTURAL NON-PROFIT ORGANIZATIONS IN THE CHARLOTTE METROPOLITAN AREA AND DETERMINED THAT THE MUSEUM'S CEO TOTAL COMPENSATION WAS WELL WITHIN THE NORMS FOR THIS COMPARISON GROUP. THE MUSEUM DOES NOT CONSIDER ANY OTHER EMPLOYEE OF THE MUSEUM TO BE A "KEY EMPLOYEE". THE MUSEUM DOES PERIODICALLY COMPARE ALL STAFF SALARIES TO COMPARABLE POSITIONS IN THE CHARLOTTE MARKET AND TO OTHER MUSEUMS IN THE SOUTHEASTERN US. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 1023 AND RECENT FILINGS OF THE FORM 990 AND 990-T ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, THE MOST RECENT FILING OF THE FORM 990 IS AVAILABLE ONLINE AT WWW.MUSEUMOFTHENEWSOUTH.ORG/GIVING/ AND WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 112,761. MANAGEMENT AND GENERAL EXPENSES 215,325. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 328,086. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.