2023-08-23T14:55:52-05:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 1350 S BOULDER AVE SUITE 800 TULSA OK 74119 990 2022-01-01 731267576 THE GLASS-GLEN BURNIE FOUNDATION GLAS 2108449637 P O BOX 12449 SAN ANTONIO TX 782129998 ALLAN G PATERSON CO-OPER TRUSTEE 2108449637 2023-08-23 1 ALLAN PATERSON XXX-XX-XXXX 0 DANIEL P SKERBITZ CPA P00254283 9186280500 2023-08-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALLAN G PATERSON P O BOX 12449 SAN ANTONIO TX 782129998 9196840 0 X N/A X 1986 TX THE RESTORATION, MAINTENANCE, AND SUPPORT OF HISTORIC PROPERTIES ACQUIRED IN THE VICINITY OF WINCHESTER, VIRGINIA FOR EDUCATIONAL AND PUBLIC BENEFIT AND TO ENDOW A MUSEUM THAT INCLUDES 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART ALONG WITH ADDITIONS MADE TO THE COLLECTIONS. 5 3 1 0 0 3620 0 0 0 0 6630957 1642944 1164973 1938549 7795930 3581493 3812795 3080500 0 0 573551 531830 0 0 0 843018 493875 5229364 4106205 2566566 -524712 57955575 57440868 0 0 57955575 57440868 X THE MISSION OF THE GLASS-GLEN BURNIE FOUNDATION (THE "FOUNDATION") IS EXCLUSIVELY CHARITABLE AND EDUCATIONAL, SPECIFICALLY TO RESTORE, MAINTAIN, AND SUPPORT THE HISTORIC PROPERTIES AND GROUNDS THAT THE FOUNDATION OWNS IN THE VICINITY OF WINCHESTER, VIRGINIA FOR EDUCATIONAL AND PUBLIC BENEFIT AND TO ENDOW A MUSEUM THAT INCLUDES 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART ALONG WITH ADDITIONS MADE TO THE COLLECTIONS. THE FOUNDATION FULFILLS ITS MISSION THROUGH THE CREATION AND CONTINUING SUPPORT OF THE GLASS-GLEN BURNIE MUSEUM, INC. (DOING BUSINESS AS THE MUSEUM OF THE SHENANDOAH VALLEY) (THE "MSV"), WHICH OPERATES A MUSEUM ON THE FOUNDATION'S WINCHESTER PROPERTY THAT PROVIDES A WIDE VARIETY OF GALLERIES, EXHIBITIONS, AND EDUCATIONAL PROGRAMS, CARES FOR THE FOUNDATION'S HISTORIC PROPERTIES AND GROUNDS, OPERATES A 90-ACRE ART PARK ON THE GROUNDS, AND PRESERVES THE LARGEST GREEN SPACE AND ONLY WORKING FARM IN THE CITY OF WINCHESTER. 0 0 3473680 3080500 THE FOUNDATION CONTINUED THE SUPPORT OF THE MUSEUM OF THE SHENANDOAH VALLEY, ITS SUPPORTED ORGANIZATION. THE FOUNDATION CONTINUED THE RESTORATION, PRESERVATION, AND SUPPORT OF ITS HISTORIC PROPERTIES IN THE VICINITY OF WINCHESTER, VIRGINIA. 3473680 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 1 0 X JENNIFER PEACE 2108449637 P O BOX 12449 SAN ANTONIO TX 782129998 DAVID HO ROTH CO-OPERATING TRUSTEE 20.00 X X 70966 0 0 ALLAN G PATERSON CO-OPERATING TRUSTEE 20.00 X X 109200 0 0 TODD BROCKWELL TRUSTEE, SECRETARY 10.00 X X 67200 0 0 JAMES T HOLLAND TRUSTEE 10.00 X 63700 0 0 JOHN B ADAMS JR TRUSTEE 10.00 X 67200 0 0 GERALD F SMITH JR TRUSTEE 10.00 X 67200 0 0 445466 0 0 1 0 0 0 0 316623 316623 1932283 1932283 6941668 5615347 1326321 1326321 1326321 MISCELLANEOUS O&G INCOME 211100 6246 6246 MISCELLANEOUS INV INCOME 523000 20 20 6266 3581493 0 0 3581493 3080500 3080500 445466 311826 133640 80000 80000 244 244 6120 6120 25323 25323 31421 31421 188364 188364 2370 2370 31158 28042 3116 1521 1521 28484 25636 2848 FARMERS NAT'L CO MGMT F 154476 154476 MISCELLANEOUS EXPENSE 17939 16145 1794 AD VALOREM TAX 10243 10243 TELEPHONE & INTERNET 2576 1288 1288 4106205 3473680 632525 0 1370469 1923330 503665 503665 503665 16768736 17920598 34239067 32021157 5073638 5072118 57955575 57440868 0 0 X 57955575 57440868 57955575 57440868 57955575 57440868 -524712 10005 0 X 0 1 X 1 0 X X 1 GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY) 541857973 7 0 3080500 0 1 3080500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 SCHEDULE A, PART IV, SECTION A, LINE 1 THE PURPOSES OF THE GLEN BURNIE FOUNDATION (FOUNDATION) ARE (I) THE RESTORATION AND MAINTENANCE OF HISTORIC PROPERTIES ACQUIRED IN THE VICINITY OF WINCHESTER, VIRGINIA, SO THAT SUCH PROPERTIES WILL BE PRESERVED AS HISTORIC BUILDING AND GROUNDS FOR EDUCATIONAL AND OTHER BENEFIT OF THE PUBLIC FOREVER AND (II) THEREBY ENDOW A MUSEUM OF 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART. IT IS INTENDED THAT RESTORATION AND MAINTENANCE WILL INCLUDE NOT ONLY THE BUILDINGS ACQUIRED BUT ALSO THE GROUNDS SURROUNDING THE BUILDINGS AND ALSO FURNIURE, FIXTURES AND FURNISHINGS INSIDE THE BUILDINGS AND THAT FUNDS WHEN AVAILABLE WILL BE USED TO MAKE ADDITIONS TO THE FOUNDATION'S COLLECTIONS. ALL PROPERTY AND ASSETS OF THE GLEN BURNIE FOUNDATION SHALL BE USED WITHIN THE UNITED STATES EXCLUSIVELY FOR THE AFORESAID EDUCATIONAL PURPOSES AND FOR NO OTHER PURPOSE. TO ACHIEVE THIS PURPOSE, THE FOUNDATION CAUSED THE CREATION OF THE GLASS-GLEN BURNIE MUSEUM, INC. DBA: THE MUSEUM OF THE SHENANDOAH VALLEY, WHICH IS THE FOUNDATION'S SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 2B AS DESCRIBED ABOVE, THE ACTIVITIES ENGAGED IN BY THE FOUNDATION ARE NECESSARY FOR THE MUSEUM (THE SUPPORTED ORGANIZATION), AND WERE IT NOT FOR THE ACTIVITIES CONDUCTED BY THE FOUNDATION, THE MUSEUM WOULD HAVE TO PERFORM THE FUNCTIONS OF RESTORATION AND MAINTENANCE OF THE HISTORIC PROPERTIES. X X 0 503665 503665 503665 ARROWSTREET INTL E EAFE TR FD 12018655 C CALIBRATE VENTURES LP 2160000 C DEERPATH CAPITAL ADVANTAGE IV 2100000 C NINETY ONE GLOBAL SELECT LLC 3818976 C TCW DIRECT LENDING VII LLC 2362987 C WESTERN ASSET CORE PLUS LLC 9560539 C 32021157 OIL & GAS PROPERTIES 2051483 OIL & GAS PROPERTIES ACCUM DEPL -1999765 HISTORIC PROPERTIES 5020400 5072118 -10639396 -14169817 524711 -13645106 3005710 575783 575783 3581493 7662718 0 7662718 575783 -4132296 -3556513 4106205 PART III, LINE 4: IT IS INTENDED THAT RESTORATION AND MAINTENANCE WILL INCLUDE NOT ONLY THE BUILDINGS ACQUIRED BUT ALSO THE GROUNDS SURROUNDING THE BUILDINGS AND ALSO FURNITURE, FIXTURES AND FURNISHINGS INSIDE THE BUILDINGS AND THAT FUNDS, WHEN AVAILABLE, WILL BE USED TO MAKE ADDITIONS TO THE FOUNDATION'S COLLECTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT 524,711. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT -4,132,296. 1 GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY) 901 AMHERST STREET WINCHESTER VA 22601 541857973 501(C)(3) 3080500 0 TO SUPPORT THE MUSEUM'S MONTHLY OPERATIONS PART I, LINE 2: SUBSTANTIATION OF THE AMOUNT OF GRANTS GIVEN TO THE SUPPORTED ORGANIZATION ARE DOCUMENTED IN THE MINUTES OF THE TRUSTEE MEETINGS. THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH REVIEW OF THE SUPPORTED ORGANIZATION'S BUDGETS AND AUDITED FINANCIAL STATEMENTS. THE TRUSTEES OF THE FOUNDATION ALSO SERVE ON THE BOARD OF THE SUPPORTED ORGANIZATION. SCHEDULE I, PART II GLASS-GLEN BURNIE MUSEUM, INC. D/B/A MUSEUM OF SHENANDOAH VALLEY FORM 990, PART VI, SECTION A, LINE 8B N/A FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE FORM 990 IS REVIEWED BY ALL TRUSTEES AT A TRUSTEE MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE TRUSTEES EACH YEAR FOR REVIEW, AND EACH TRUSTEE SIGNS THE POLICY EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION WAS SET IN 1997 AND REMAINED UNCHANGED UNTIL 2007. AT THAT TIME, A THIRD-PARTY COMPENSATION REASONABLENESS REPORT WAS UTILIZED TO INCREASE TRUSTEE FEES. CO-OPERATING TRUSTEE FEES WERE ESTABLISHED IN 2010 PURSUANT TO AN INDEPENDENT COMPENSATION STUDY. A THIRD PARTY COMPENSATION STUDY WAS COMPLETED BY STANFIELD + O'DELL IN LATE 2019. BASED ON THE FINDINGS OF THE STUDY, AN INCREASE IN TRUSTEE COMPENSATION WAS VOTED ON AND APPROVED AT THE OCTOBER 2019 TRUSTEE MEETING. CO-OPERATING TRUSTEE COMPENSATION WAS INCREASED FROM $30,000 TO $42,000 ANNUALLY, AND TRUSTEE COMPENSATION WAS INCREASED FROM $48,000 TO $67,200 ANNUALLY. THESE INCREASES BECAME EFFECTIVE ON JANUARY 1, 2020. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY) 901 AMHERST STREET WINCHESTER VA 22601 541857973 MUSEUM VA 501(C)3 LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GLASS-GLEN BURNIE MUSEUM INC (DBA MUSEUM OF THE SHENANDOAH VALLEY) B 3080500 CASH