2023-11-14T17:48:28-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-01-01 426081638 VESTERHEIM NORWEGIAN-AMERICAN MUSEUM VEST 5633829681 523 WEST WATER STREET DECORAH IA 52101 CHRIS JOHNSON PRESIDENT/CEO 5633829681 2023-11-13 1 CHRIS JOHNSON 999009999 0 DAVID LITTLE P01480921 3193632697 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUTH SCHULTZ 523 WEST WATER STREET DECORAH IA 52101 7654913 0 X WWW.VESTERHEIM.ORG X 1965 IA BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART. THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS. 24 24 49 24 0 0 3836116 4306215 473984 520698 2630905 507200 246881 219438 7187886 5553551 0 0 0 0 1613053 1750097 0 0 811813 1209999 1590123 2823052 3340220 4364834 2213331 24953272 26285697 1379962 3284638 23573310 23001059 X BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART.THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS. 0 0 723658 193285 EDUCATION - THE MUSEUM OFFERS EDUCATION CLASSES ON VARIOUS NORWEGIAN FOLK ART TRADITIONS AS WELL AS OFFER EDUCATIONAL GUIDED TOURS OF NORWAY TO THEIR MEMBERS AND THE GENERAL PUBLIC. ONLINE PROGRAMS, INCLUDING CLASSES AND COLLECTION TALKS, WERE BEGAN IN 2020 AS A RESULT OF THE PANDEMIC. 522385 327413 COLLECTION CARE- THE MUSEUM HOUSES A COLLECTION OF OVER 33,000 ARTIFACTS, A COMPLEX OF 16 BUILDINGS, AND A FARMSTEAD. MUSEUM STAFF PROVIDE CARE AND UPKEEP AS WELL AS THE AQUISITION OF NEW ARTIFACTS. 318928 237892 MUSEUM STORE - THE MUSEUM HAS VARIOUS NORWEGIAN-RELATED BOOKS, CRAFTS, AND OTHER ITEMS FOR RESALE TO THEIR MEMBERS AND THE GENERAL PUBLIC. 1564971 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 84 0 49 1 0 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 AK AL AR CA CO CT DC FL GA IL KS KY MA ME MN MS ND NH NJ NM NV NY OH OK OR PA RI SC UT VA WA WI X CHRIS JOHNSON 5633829681 523 WEST WATER STREET DECORAH IA 52101 SCHULTZ RUTH CHAIR 1.00 X X 0 0 0 RUDE BRIAN VICE CHAIR 1.00 X X 0 0 0 PLATOU LIZ SECRETARY 1.00 X X 0 0 0 RUGLAND WALT TREASURER 1.00 X X 0 0 0 ALSAKER DAN TRUSTEE 1.00 X 0 0 0 BIRKLAND CAROL TRUSTEE 1.00 X 0 0 0 BOMAN GREG TRUSTEE 1.00 X 0 0 0 DAHL JANSEN TRUSTEE 1.00 X 0 0 0 ERDMAN LINDSAY TRUSTEE 1.00 X 0 0 0 ESPINOSA KARI TRUSTEE 1.00 X 0 0 0 FRETHEIM DAN TRUSTEE 1.00 X 0 0 0 HANSON LOUISE TRUSTEE 1.00 X 0 0 0 JOHNSON MAREN TRUSTEE 1.00 X 0 0 0 KEMP JANE TRUSTEE 1.00 X 0 0 0 KVENVOLD GAYLE TRUSTEE 1.00 X 0 0 0 LARSON BRIAN TRUSTEE 1.00 X 0 0 0 MIES KIRK TRUSTEE 1.00 X 0 0 0 MILLER HEATHER TRUSTEE 1.00 X 0 0 0 NIELSON MARTHA GESME TRUSTEE 1.00 X 0 0 0 NICHOLS BJ TRUSTEE 1.00 X 0 0 0 NORDAN KEN TRUSTEE 1.00 X 0 0 0 REITAN RACHEL TRUSTEE 1.00 X 0 0 0 SORENSON RUTH TRUSTEE 1.00 X 0 0 0 TRYGSTAD CRAIG TRUSTEE 1.00 X 0 0 0 JOHNSON CHRIS PRESIDENT/CEO 40.00 X 123530 0 6177 GEBEL LINDA TREASURER/CFO 40.00 X 93778 0 11000 217308 0 17177 1 0 0 0 MCGOUGH CONSTRUCTION CO LLC 2737 FAIRVIEW AVENUE N ST PAUL MN 55113 CONSTRUCTION 3223585 1 30561 45000 4230654 52031 4306215 ADMISSION, MEMBERSHIP & PUBLICATI 713990 326906 326906 TUITION 711300 193792 193792 520698 295626 295626 8195 23774 -15579 -15579 -15579 1742927 292441 1209687 614107 533240 -321666 211574 211574 0 30561 17268 -17268 -17268 474418 236526 237892 237892 MISCELLANEOUS INCOME 900099 14393 14393 14393 5553551 758590 0 488746 236501 114897 56065 65539 1274901 639118 298141 337642 27714 14061 6447 7206 100716 50261 23600 26855 110265 55026 25838 29401 360 360 23014 23014 54057 54057 279861 2335 84530 192996 55165 24580 30208 377 266423 71017 89938 105468 193385 104517 87749 1119 2124 1276 848 201869 152626 49243 54155 35742 18413 CLASSES EXPENSE 197483 197483 BAD DEBT 86968 86968 POSTAGE AND FREIGHT 61362 27389 17374 16599 DUES AND SUBSCRIPTIONS 28942 2174 10210 16558 84955 73745 5 11205 3340220 1564971 963436 811813 3320707 756362 1191754 2670378 12614 26902 99901 144413 48647 49859 14063137 4087989 5355881 9975148 14759274 12511849 164494 150786 24953272 26285697 321480 1277149 163817 200410 894665 1807079 1379962 3284638 X 7261634 11235712 16311676 11765347 23573310 23001059 24953272 26285697 X 2213331 -2835519 63645 -13708 X X 0 1 X 1 0 X 3350557 1043062 1715878 3839336 4338286 14287119 1551967 1224323 452813 907966 995116 5132185 4902524 2267385 2168691 4747302 5333402 19419304 261916 261916 675237 799039 836145 2310421 675237 799039 1098061 2572337 16846967 210778 349174 260003 268282 303821 1392058 15223 15223 226001 349174 260003 268282 303821 1407281 5128525 2616559 2428694 5015584 5637223 20826585 0.80890 0.84170 0.06760 0.07440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 14126010 352092 -1978746 844646 11654710 12394070 330883 3143121 1742064 14126010 11684959 65 1155745 520872 12319897 9241889 107531 2836296 500757 11684959 11283760 46529 -1628348 399748 60304 9241889 0.31000 0.52000 0.17000 1 0 432952 432952 6267037 3470803 2796234 572953 446697 126256 6790195 170489 6619706 9975148 X 2991480 -2835519 63645 263860 -2508014 5499494 54057 54057 5553551 3559103 277568 277568 3281535 54057 4628 58685 3340220 PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS - ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT GENERAL OPERATIONS AND PROGRAMMING NEEDS OF THE MUSEUM. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE MUSEUM QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE MUSEUM'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 236,526. RENTAL EXPENSES 23,774. FUNDRAISING EXPENSES 17,268. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUSTS -16,783. CHANGE IN CASH SURRENDER VALUE LIFE INSURANCE 3,075. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 236,526. RENTAL EXPENSES 23,774. FUNDRAISING EXPENSES 17,268. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLECTION ITEMS PURCHASED 4,628. BENEFIT AUCTION 20524 20524 5273 FA EXHIBITION 10037 10037 2786 5044 655 3510 30561 30561 2786 5044 655 8783 17268 -17268 X 2 26792 FMV X VARIOUS 49 25239 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF CONTRIBUTIONS IN THE CATEGORY. FORM 990, PART VI, SECTION A, LINE 1A THE COMMITTEES OF THE BOARD OF TRUSTEES SHALL BE THE GOVERNING COMMITTEES SPECIFIED IN THE BYLAWS AND SUCH OTHER PROGRAM AND SPECIAL COMMITTEES AS MAY BE ESTABLISHED BY THE BOARD FROM TIME TO TIME. THE RESPONSIBILITIES OF EACH COMMITTEE, INCLUDING THE GOVERNING COMMITTEES, SHALL BE DEFINED IN THE RESPECTIVE COMMITTEE'S CHARTER INCLUDED IN THE BOARD OF TRUSTEES' GOVERNANCE MANUAL AS APPROVED BY THE BOARD AND AS IT MAY BE REVISED BY THE BOARD FROM TIME TO TIME. UNLESS EXPRESSLY AUTHORIZED BY THE BOARD, COMMITTEES SHALL HAVE NO AUTHORITY TO ENTER INTO CONTRACTS OR INCUR OBLIGATIONS ON BEHALF OF VESTERHEIM. COMMITTEES OTHER THAN GOVERNING COMMITTEES MAY BE TERMINATED OR REORGANIZED BY THE BOARD WITHOUT AMENDING THE BYLAWS. IN GENERAL, PROGRAM COMMITTEES OF THE BOARD SHALL BE THOSE COMMITTEES RESPONSIBLE FOR ADVISING THE BOARD WITH RESPECT TO EXHIBITIONS, EDUCATIONAL PROGRAMS, DEVELOPMENT AND MEMBERSHIP PROGRAMS, MARKETING AND OTHER ACTIVITIES UNDERTAKEN IN PURSUANCE OF VESTERHEIM'S MISSION AND THE USE OF VESTERHEIM'S COLLECTIONS AND FACILITIES IN SUPPORT OF THOSE PROGRAMS AND ACTIVITIES. GOVERNING COMMITTEES: A. AUDIT COMMITTEE B. FINANCE COMMITTEE C. GOVERNANCE COMMITTEE D. NOMINATING COMMITTEE E. PERSONNEL COMMITTEE NO FEWER THAN THREE (3) TRUSTEES SHALL SERVE ON EACH COMMITTEE. THE CHAIR OF THE BOARD OF TRUSTEES SHALL APPOINT THE CHAIR AND MEMBERS OF EACH COMMITTEE WITH THE APPROVAL OF THE BOARD OF TRUSTEES. MEMBERS FROM THE GENERAL MEMBERSHIP MAY BE REQUESTED BY THE CHAIR OF THE COMMITTEE TO SERVE AS NEEDED, SUBJECT TO THE APPROVAL OF THE CHAIR OF THE BOARD OF TRUSTEES. ANNUAL REPORTS FROM ALL STANDING COMMITTEES SHALL BE SUBMITTED IN TIME TO BE SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES WITH THE CALL OF THE FIRST MEETING OF THE FISCAL YEAR. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE AN EX OFFICIO MEMBER OF ALL COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 -THE GOVERNING BOARD WILL REVIEW THE RETURN AS WELL AS THE PRESIDENT/CEO, THE CFO, AND OTHER MANAGEMENT PERSONNEL. THE PRESIDENT/CEO WILL THEN SIGN THE RETURN PRIOR TO FILING IT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEE, STAFF, AND VOLUTEERS SHOULD CONDUCT ALL OF THEIR ACTIVITIES IN SUCH AS A WAY THAT NO CONFLICT WILL ARISE BETWEEN THEM AND THE POLICIES, OPERATIONS, OR INTERESTS OF THE MUSEUM. EVEN THE APPEARANCE OF SUCH A CONFLICT SHOULD BE AVOIDED. TRUSTEES WILL FILE ANNUALLY A STATEMENT DISCLOSING THEIR PERSONAL, BUSINESS, OR ORGANIZATIONAL INTERESTS AND AFFILIATIONS AND THOSE OF PERSONS CLOSE TO THEM THAT COULD BE CONSTRUED AS BEING MUSEUM-RELATED. EACH TRUSTEE WILL BE RESPONSIBLE FOR NOTIFYING THE BOARD CHAIR WHENEVER SIGNIFICANT CHANGES OCCUR IN THE INFORMATION PROVIDED IN THE DISCLOSURE STATEMENT. WHENEVER THERE IS OR APPEARS TO BE A CONFLICT BETWEEN THE INTERESTS OF VESTERHEIM AND THE INTERESTS OF A TRUSTEE OR A PERSON CLOSE TO HIM/HER, THE TRUSTEE IS REQUIRED TO PROVIDE A FULL AND FAIR DISCLOSURE IN SUFFICIENT TIME TO PERMIT PROPER STEPS TO BE TAKEN TO INSULATE THAT TRUSTEE FROM INFLUENCING THE DECISIONS RELATED TO SUCH CONFLICT. IF THE TRUSTEE IS PRESENT WHEN A VOTE IS TAKEN IN CONNECTION WITH SUCH A QUESTION, THE TRUSTEE SHOULD REFRAIN FROM DISCUSSING THE ISSUE AND ABSTAIN FROM VOTING ON THE MATTER. THE ABSTENTION WILL BE NOTED IN THE OFFICIAL MINUTES. IN A SITUATION WHERE THE CONFLICT IS SO GRAVE IT CANNOT BE RESOLVED, THE CHAIR OF THE BOARD OF TRUSTEES MAY REQUEST, BUT MAY NOT DEMAND, THE TRUSTEE'S RESIGNATION. WHENEVER A MATTER ARISES THAT COULD BE PERCEIVED AS A CONFLICT BETWEEN THE INTERESTS OF VESTERHEIM AND AN EMPLOYEE OR AN EMPLOYEE'S FAMILY, THE EMPLOYEE SHOULD BRING THE MATTER TO THE ATTENTION OF HIS/HER SUPERVISOR FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE ESTABLISHED A FORMAL BENCHMARK PROCEDURE FOR THE POSITIONS OF CEO AND WITH THE FULL ENGAGEMENT OF THE CEO, HIS SENIOR REPORTS. THIS BENCHMARK, ALONG WITH OTHER RELEVANT PERFORMANCE CONSIDERATIONS, IS THEN USED FOR THE PERSONNEL'S COMPENSATION RECOMMENDATION FOR THE CEO AND FOR THE CEO'S ACTIONS RE SENIOR STAFF. COMPARABILITY STUDIES USING THE AAM SURVEY AND OTHER SIMILARLY SITUATED ORGANIZATIONS WERE USED IN THE BENCHMARKING. FORM 990, PART VI, SECTION C, LINE 19 VESTERHEIM'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. VESTERHEIM MAKES ITS GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUSTS -16,783. CHANGE IN CASH SURRENDER VALUE LIFE INSURANCE 3,075. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED DURING THE YEAR.