2023-04-20T12:05:13-05:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 522213646 SECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY SECU 2027565015 1101 PENNSYLVANIA AVENUE NW 300 WASHINGTON DC 20004 JAMES W BARRATT PRESIDENT 2027565015 2023-04-20 1 JAMES BARRATT 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES W BARRATT 1101 PENNSYLVANIA AVENUE NW 300 WASHINGTON DC 20004 365109 0 X WWW.SECHISTORICAL.ORG X 1999 DC SEE PART III, LINE 1. 26 26 1 50 0 0 469354 352818 0 0 9527 11989 389 302 479270 365109 0 0 0 0 253893 248405 0 0 63689 99468 104291 353361 352696 125909 12413 4083116 4065426 32985 42163 4050131 4023263 X TO PRESERVE AND SHARE THE HISTORY OF U.S. FINANCIAL MARKETS AND REGULATION. THE MISSION IS ACCOMPLISHED BY GROWING AND MAKING PUBLICLY AVAILABLE OUR COLLECTION OF UNIQUE MATERIALS THROUGH OUR ONLINE VIRTUAL MUSEUM AND ARCHIVE AT WWW.SECHISTORICAL.ORG. 0 0 142486 THE ON-LINE VIRTUAL MUSEUM AND ARCHIVE AT WWW.SECHISTORICAL.ORG CONTAINS A RICH RESOURCE OF PRIMARY AND UNIQUE MATERIALS ON THE CREATION, GROWTH AND IMPACT OF CAPITAL MARKETS REGULATION FROM THE 20TH CENTURY TO THE PRESENT. THE VIRTUAL MUSEUM HOUSES A DIGITAL COLLECTION OF MATERIALS SELECTED FOR INCLUSION BECAUSE OF THE HISTORICAL IMPORTANCE OF THE SUBJECT MATTER. TO DATE, THE PERMANENT COLLECTION INCLUDES HUNDREDS OF ORAL HISTORIES, ROUNDTABLES AND PANEL PROGRAMS FEATURING EXPERTS FROM ALL CORNERS OF THE SECURITIES MARKETS - REGULATORY, CORPORATE, LEGISLATIVE, INVESTOR, AND ACADEMIC - WHO HAVE HAD A DIRECT AND SIGNIFICANT ROLE IN, OR IMPACT UPON, THE FUNCTIONING OF THE U.S. CAPITAL MARKETS. OTHER ITEMS IN THE MUSEUM INCLUDE LETTERS, PHOTOS, SPEECHES, PAPERS AND OTHER MATERIALS (CONTINUED ON SCHEDULE O)RELEVANT TO THE DEVELOPMENT, OVERSIGHT AND HISTORY OF THE SECURITIES MARKETS. THE MUSEUM'S COLLECTION OF MATERIALS ASSISTS RESEARCHERS AND THE PUBLIC IN UNDERSTANDING HOW THE STATUTES, REGULATIONS AND POLICIES FOR THE CAPITAL MARKETS HAVE DEVELOPED AND BEEN INTERPRETED FROM THE 1900'S TO THE PRESENT. ENTRANCE TO THE VIRTUAL MUSEUM IS FREE TO ANYONE WITH INTERNET ACCESS. 142486 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 7 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA MD MA NJ NY PA X JANE COBB 2027565015 1101 PENNSYLVANIA AVENUE NW 300 WASHINGTON DC 20004 ANNETTE L NAZARETH CHAIR 1.00 X X 0 0 0 JAMES W BARRATT PRESIDENT 1.00 X X 0 0 0 SUSAN G MARKEL PRESIDENT-ELECT 1.00 X X 0 0 0 WILLIAM R BAKER III TREASURER 1.00 X X 0 0 0 LORI A RICHARDS SECRETARY 1.00 X X 0 0 0 RONALD C LONG VP-DEVELOPMENT & ENGAGEMENT 1.00 X X 0 0 0 G JEFFREY BOUJOUKOS VP-MUSEUM 1.00 X X 0 0 0 LARA ABRASH TRUSTEE 0.50 X 0 0 0 RICHARD C BREEDEN TRUSTEE 0.50 X 0 0 0 JAMES R BURNS TRUSTEE 0.50 X 0 0 0 MEREDITH B CROSS TRUSTEE 0.50 X 0 0 0 ALAN L DYE TRUSTEE 0.50 X 0 0 0 LISA M FAIRFAX TRUSTEE 0.50 X 0 0 0 K SUSAN GRAFTON TRUSTEE 0.50 X 0 0 0 DANIEL M HAWKE TRUSTEE 0.50 X 0 0 0 ROBERTA S KARMEL TRUSTEE 0.50 X 0 0 0 ARTHUR B LABY TRUSTEE 0.50 X 0 0 0 NEIL S LANG TRUSTEE 0.50 X 0 0 0 HAIMA V MARLIER TRUSTEE 0.50 X 0 0 0 KATHRYN B MCGRATH TRUSTEE 0.50 X 0 0 0 JOAN E MCKOWN TRUSTEE 0.50 X 0 0 0 JOHN J OKRAY TRUSTEE 0.50 X 0 0 0 BARRY W RASHKOVER TRUSTEE 0.50 X 0 0 0 CLAUDIUS O SOKENU TRUSTEE 0.50 X 0 0 0 KRISTOFER K SWANSON TRUSTEE 0.50 X 0 0 0 ERICA WILLIAMS TRUSTEE 0.50 X 0 0 0 JANE COBB EXECUTIVE DIRECTOR 40.00 X 220000 0 10000 220000 0 10000 1 0 1 0 0 352818 654 352818 11989 11989 MISCELLANEOUS 900099 302 302 302 365109 0 0 12291 230000 111949 65128 52923 5553 2703 1572 1278 12852 6256 3639 2957 49877 49877 2100 2100 7167 124 7043 1317 1317 20582 10018 5828 4736 971 971 5604 2728 1586 1290 5252 5252 MUSEUM MAINTENANCE 6608 6608 MISCELLANEOUS 2323 2323 PAYROLL PROCESSING 1985 1985 PROFESSIONAL MEMBERSHIP 505 505 352696 142486 146521 63689 247439 108736 965958 1009433 2055 35830 3821 4070 18993 18993 0 0 343563 309605 2520280 2597752 4083116 4065426 32985 42163 32985 42163 X 4045131 3990763 5000 32500 4050131 4023263 4083116 4065426 12413 -39281 0 X 0 1 X 1 0 X 668644 750923 389751 469354 352818 2631490 668644 750923 389751 469354 352818 2631490 473448 2158042 18200 17658 16883 9527 11989 74257 674 389 302 1365 2707112 0.79720 0.79550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2569116 X X X X 0 18993 18993 0 0 VIRTUAL MUSEUM COLLECTION 2569116 DONATED ARTWORK 25000 SECURITY DEPOSIT 3636 2597752 X 411753 -39281 85925 46644 365109 0 365109 438621 85925 85925 352696 0 352696 PART III, LINE 1A: THE SOCIETY HAS CAPITALIZED THE COLLECTION OF THE VIRTUAL MUSEUM AND ARCHIVE SINCE THE MUSEUM'S INCEPTION IN MARCH 2002. AS OF DECEMBER 31, 2022, THE MUSEUM COLLECTION TOTALED 10,745 PRIMARY MATERIALS: PAPERS, PHOTOS, ORAL HISTORIES, PROGRAMS, FILM, RADIO AND TELEVISION MEDIA, TIMELINE DEVELOPMENTS, GALLERY ESSAYS AND EXHIBITS. NO MATERIALS WERE DE-ACCESSIONED FROM THE COLLECTION IN 2022. FOR THE YEAR ENDED DECEMBER 31, 2022, THE COSTS TO UTILIZE OUTSIDE VENDORS IN BUILDING THE COLLECTION OF THE VIRTUAL MUSEUM AND ARCHIVE TOTALED $77,472. AS OF DECEMBER 31, 2022, THE ACCUMULATED COSTS INCURRED IN BUILDING THE VIRTUAL MUSEUM AND ARCHIVE TOTALED $2,569,116. THE SOCIETY PERIODICALLY REVIEWS THE CARRYING VALUE OF THE VIRTUAL MUSEUM AND ARCHIVE COLLECTION AND PERFORM A QUALITATIVE IMPAIRMENT ANALYSIS. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ASSESSMENT CONCLUDED THAT NO IMPAIRMENT PROVISION WAS DEEMED NECESSARY. PART III, LINE 4: THE VIRTUAL MUSEUM AND ARCHIVE IS THE PREEMINENT SOURCE FOR TRUSTED AND VERIFIED INFORMATION AND MATERIAL ON THE REGULATION OF THE CAPITAL MARKETS FROM THE 20TH CENTURY TO THE PRESENT, FULFILLING THE SOCIETY'S MISSION TO SHARE, PRESERVE AND ADVANCE KNOWLEDGE OF THE HISTORY OF FINANCIAL REGULATION. PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, THE SOCIETY HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X 0 0 0 0 0 0 0 1 0 JANE COBB EXECUTIVE DIRECTOR 210000 0 10000 0 0 0 10000 0 0 0 230000 0 0 0 PART I, LINE 7 BONUS COMPENSATION IS REPORTED IN PART II, COLUMN (B)(II). X 1 654 FMV X 336 0 COST - SEE PART II 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPORTS THE NUMBER OF ITEMS RECEIVED. PART I, LINE 33: THE SECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY DOES NOT ASSIGN ANY VALUE TO THE MATERIALS ADDED TO THE VIRTUAL MUSEUM AND ARCHIVE, OTHER THAN THE COST OF UTILIZING OUTSIDE VENDORS TO ACCESSION THOSE MATERIALS INTO THE MUSEUM COLLECTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS. THE SOCIETY BOARD OF TRUSTEES REVIEWED THE FORM 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE AND THE EXECUTIVE DIRECTOR MUST SIGN A STATEMENT OF COMPLIANCE WITH THE CODE OF ETHICS AND DISCLOSE ANY EXCEPTIONS. THE PRESIDENT AND CHAIRMAN OF THE BOARD REVIEW ALL CONFLICTS AS THEY ARISE AND TAKE ACTIONS AS DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 IN 2022, THE SOCIETY TREASURER RECOMMENDED NO INCREASE OR CHANGE TO ANNUAL COMPENSATION FOR STAFF TO THE BOARD OF TRUSTEES. DUE TO THE UNIQUE NATURE OF THE ORGANIZATION'S BUSINESS, COMPARABLE DATA IS NOT AVAILABLE. WHEN APPLICABLE, ALL DECISIONS REGARDING EXECUTIVE SALARIES ARE APPROVED BY THE BOARD DURING EXECUTIVE SESSION AND THE EXECUTIVE DIRECTOR IS NOTIFIED OF DECISIONS AS APPROPRIATE. NO MINUTES ARE TAKEN. THE LAST COMPENSATION REVIEW TOOK PLACE DURING THE MARCH 2022 BOARD MEETING, AT WHICH TIME A BONUS WAS APPROVED. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY'S ANNUAL REPORTS THROUGH 2022, WHICH INCLUDE THE AUDITED FINANCIAL STATEMENTS, ARE AVAILABLE AT ALL TIMES ON WWW.SECHISTORICAL.ORG. THE CODE OF ETHICS CAN BE ACCESSED ONLINE AT WWW.SECHISTORICAL.ORG/SEC/ABOUT. THE OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.