2023-10-31T12:58:26-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 540564701 THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION MOUN 7037802000 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 PHILIP L MANNO CHIEF FINANCIAL OFFICER 7037802000 2023-10-31 1 PHILIP MANNO XXX-XX-XXXX 0 FRANK H SMITH P00639053 2022274000 2023-10-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEORGE WASHINGTON'S MOUNT VERNON PHILIP L MANNO 3200 MOUNT VERNON MEMORIAL HIGHWAY MOUNT VERNON VA 22121 70490938 0 X WWW.MOUNTVERNON.ORG X 1853 VA TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON AND EDUCATE VISTORS ABOUT HIS LIFE. 23 23 661 252 1349993 0 19623448 29742069 10885107 15005474 35506908 7495196 6767099 10072865 72782562 62315604 369967 299275 0 0 20052701 22579587 181200 181600 4327223 19973866 27562815 40577734 50623277 32204828 11692327 368357472 332647522 26143127 22542150 342214345 310105372 X THE MISSION OF THE MOUNT VERNON LADIES' ASSOCIATION IS 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 THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS. 0 0 24015471 299275 22561370 EDUCATION:WITH THE RETURN OF IN-PERSON INSTRUCTION NATIONWIDE, MOUNT VERNON CONTINUED TO PROVIDE A SUPPORTIVE SPACE FOR CIVIC ENGAGEMENT AND DISCOURSE AMONG TEACHERS AND STUDENTS AS THEY NAVIGATED ANOTHER TUMULTUOUS YEAR AND LOOKED TO GEORGE WASHINGTON'S LEGACY AND THE 18TH CENTURY HISTORY FOR INSPIRATION AND INFORMATION.2022 MARKED THE RETURN OF THE SUMMER RESIDENTIAL PROGRAM FOR THE FIRST TIME SINCE 2019. OVER THE COURSE OF SIX WEEKS IN THE SUMMER OF 2022, WE WELCOMED TEACHERS FROM ACROSS THE COUNTRY TO MOUNT VERNON IN PERSON WHERE THEY STROLLED THE GROUNDS, HAD BEHIND-THE-SCENES EXPERIENCES, AND BUILT LASTING RELATIONSHIPS AS THEY EXPLORED THE HOME TO WHICH GEORGE WASHINGTON FELT SO CONNECTED. EACH WEEK, TEACHERS WERE IMMERSED IN A SAFE, FUN, AND INTELLECTUALLY STIMULATING ENVIRONMENT AS THEY STAYED IN HISTORIC OLD TOWN ALEXANDRIA, VIRGINIA, AND RECEIVED VIP EXPERIENCES AT AFFILIATED HISTORY AND CIVIC INSTITUTIONS IN THE DC METRO AREA. ATTENDEES DEVELOPED RELATIONSHIPS AND PROFESSIONAL LEARNING COMMUNITIES WITHIN THEIR COHORT, AND PARTICIPANTS CONTINUE TO ENGAGE WITH EACH OTHER AND MOUNT VERNON STAFF LONG AFTER THE PROGRAMS CONCLUDED.NEW TOPICS SUCH AS THE OPPORTUNITIES AND CHALLENGES OF RETURNING TO IN-PERSON LEARNING WERE WOVEN INTO DISCUSSIONS, AND TEACHERS ALSO ENGAGED IN DEEP CONVERSATIONS WITH VISITING SCHOLARS THAT CONNECTED EVENTS OF THE PAST WITH UNIQUE OBSTACLES FACING STUDENTS IN SCHOOLS TODAY.WE CONTINUED TO BUILD FROM THE SUCCESSES OF PRIOR NATIONAL DIGITAL INSTITUTES AND SYMPOSIUMS FOR TEACHERS. UNIQUE WEBSITES FOR EACH WEEK ALLOWED FOR EASIER DISSEMINATION OF INFORMATION AND COLLABORATION. OUR ANNUAL TWO-DAY DIGITAL SYMPOSIUM CENTERED ON WOMEN OF THE 18TH CENTURY WITH A FOCUS ON MARTHA WASHINGTON AND THE NEW EDITED VOLUME OF HER PAPERS PUBLISHED IN 2022. THIS FREE SYMPOSIUM SERVED TEACHERS NATIONWIDE AND PROVIDED INCLUSIVE CONTENT, CLASSROOM APPLICATIONS, AND A PROGRAM-DEDICATED WEBSITE.WITHIN THE CLASSROOM WE CONTINUE TO UTILIZE OUR DIGITAL DISTANCE LEARNING PROGRAM AND RESOURCES ASSOCIATED WITH THE BE WASHINGTON INTERACTIVE GAME CONTINUE TO GROW IN POPULARITY AND RELEVANCE TO CIVICS AND HISTORY CLASSROOMS. THE WHISKEY REBELLION SCENARIO REMAINS OUR MOST POPULAR, ONE EASILY ADAPTED TO CIVIC DISCUSSIONS IN THE CLASSROOM AS IT DEFTLY (WITH HISTORICAL CONTEXT) INTRODUCES THE CAREFUL BALANCE THAT MUST BE STRUCK BETWEEN NATIONAL AND STATE GOVERNMENTS TO ACHIEVE THE ARTFUL BALANCE OF FEDERALISM.ON A LOCAL SCALE WE INITIATED THE MOUNT VERNON STUDENT ADVISORY BOARD TO PROVIDE LEADERSHIP OPPORTUNITIES AND ENGAGEMENT WITH LOCAL STUDENTS FROM THE WASHINGTON DC, VIRGINIA AND MARYLAND AREA BY INVITING THEM TO SHARE THEIR PERSPECTIVES AND IDEAS ON HOW TO MAKE INSTITUTIONAL AND PROGRAMMATIC CHANGES TO ENGAGE AND EDUCATE MODERN YOUTH AND FAMILY VISITORS ON MOUNT VERNON AND GEORGE WASHINGTON'S LEGACY. 17492492 HISTORIC PRESERVATION AND COLLECTIONS:IN 2022, THE ARCHITECTURE TEAM BEGAN THE EXTERIOR RESTORATION OF THE EAST ELEVATION OF THE MANSION AND PIAZZA. IN ADDITION TO PAINT REMOVAL, DOCUMENTATION, PAINTING, AND SANDCASTING, THE TEAM COMPLETED EXTENSIVE REPAIRS TO THE PIAZZA COLUMNS AND ENTABLATURE. STAFF WERE PLEASED TO FIND EVIDENCE OF SURVIVING 18TH-CENTURY PAINT ON THE UPPER SOUTHEAST PORTION OF THE ELEVATION. IN PREPARATION FOR EXPANDING THE MECHANICAL SYSTEMS BUNKER AS PART OF THE MANSION REVITALIZATION PROJECT, THE ARCHAEOLOGY TEAM COMPLETED EXCAVATIONS IN THE GROVE NORTH OF THE MANSION, RECOVERING THOUSANDS OF ARTIFACTS, SOME DATING AS FAR BACK AS 6,000 YEARS.THE NEW TOMB WAS RESTORED BY INSTALLING VENTS TO IMPROVE THE AIR CIRCULATION, WATERPROOFING THE ROOF TO RESIST MOISTURE INFILTRATION, REPAIRING THE WOODEN RAFTERS AND REPLASTERING THE VESTIBULE. DAMAGING MORTAR WAS REMOVED FROM THE STRUCTURE'S FAADE AND SURROUNDING BRICK WALLS AND REPLACED WITH APPROPRIATE MORTAR. THE CURATORIAL TEAM FACILITATED THE REINSTALLATION OF THE FINE AND DECORATIVE ARTS COLLECTION IN A NEW PERMANENT EXHIBITION, MOUNT VERNON: THE STORY OF AN AMERICAN ICON. WITH MORE THAN 500 OBJECTS, THE EXHIBIT SHOWCASES MOUNT VERNON'S UNPARALLELED HOLDINGS OF ORIGINAL WASHINGTON OBJECTS. IN THE MANSION FOLLOWING EXTENSIVE NEW RESEARCH, THE LAFAYETTE ROOM RECEIVED AN ARCHITECTURAL REFRESH AND COMPLETE CURATORIAL RESTORATION INSTALLING WALLPAPER REPRODUCED FROM PATTERNS AVAILABLE TO THE WASHINGTONS IN THE LATE 18TH CENTURY. ACQUISITIONS:IN 2022, MOUNT VERNON WAS AFFORDED AN EXTREMELY RARE OPPORTUNITY TO ACQUIRE ANOTHER SIGNIFICANT COLLECTION OF APPROXIMATELY 90 WASHINGTON OBJECTS FROM A PRIVATE COLLECTION DESCENDED THROUGH MARTHA (PATSY) PARKE CUSTIS PETER, MARTHA WASHINGTON'S GRANDDAUGHTER. EACH OF THESE ITEMS HAS A METICULOUS PROVENANCE RECORDED BY THE FAMILY. THIS EXTRAORDINARY ASSEMBLAGE INCLUDES 45 PIECES OF PORCELAIN INCLUDING THOSE USED IN THE FIRST PRESIDENTIAL HOUSEHOLD; A REMARKABLE EXAMPLE OF MARTHA WASHINGTON'S ICONIC SHELL-PATTERNED CUSHION; A 1785 FRENCH CHESS SET; RARE SURVIVING EXAMPLES OF GLASSWARE; AND FRAGILE TEXTILE FRAGMENTS. OBTAINING AN AGREEMENT TO PURCHASE THE COLLECTION IN THREE PARTS, THE FIRST GROUP OF OBJECTS WAS ACQUIRED IN THE 4TH QUARTER OF 2022. 41507963 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 197 0 1 661 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NV NY NC ND OH OR PA RI SC TN UT VA WA WV WI X X PHILIP L MANNO 7037802000 PO BOX 110 MOUNT VERNON VA 22121 MARGARET HARTMAN NICHOLS REGENT 20.00 X X 0 0 0 ANDREA NOTMAN SAHIN SECRETARY 20.00 X X 0 0 0 ANNE NEAL PETRI TREASURER 20.00 X X 0 0 0 SARAH SEAMAN ALIJANI VICE REGENT 10.00 X 0 0 0 MARY LANG BISHOP VICE REGENT 10.00 X 0 0 0 ANN HAUNSCHILD BOOKOUT VICE REGENT 10.00 X 0 0 0 MARIBETH ARMSTRONG BORTHWICK VICE REGENT 10.00 X 0 0 0 SARAH MILLER COULSON VICE REGENT 10.00 X 0 0 0 ELIZABETH MEDLIN HALE VICE REGENT 10.00 X 0 0 0 LUCIA BOSQUI HENDERSON VICE REGENT 10.00 X 0 0 0 ADRIAN MACLEAN JAY VICE REGENT 10.00 X 0 0 0 KAREN MCCABE KIRBY VICE REGENT 10.00 X 0 0 0 VIRGINIA DAWSON LANE VICE REGENT 10.00 X 0 0 0 HELEN HERBOTH LAUGHERY VICE REGENT 10.00 X 0 0 0 ELIZABETH ROLLINS MAURAN VICE REGENT 10.00 X 0 0 0 CAMERON KOCK MAYER VICE REGENT 10.00 X 0 0 0 CATHERINE HAMILTON MAYTON VICE REGENT 10.00 X 0 0 0 ANN SHERRILL PYNE VICE REGENT 10.00 X 0 0 0 SUSAN STEVENS REEDER VICE REGENT - UNTIL 09/2022 10.00 X 0 0 0 LAURA PEEBLES RUTHERFORD VICE REGENT 10.00 X 0 0 0 ANN CADY SCOTT VICE REGENT 10.00 X 0 0 0 JEAN ARMFIELD SHERRILL VICE REGENT - UNTIL 09/2022 10.00 X 0 0 0 SUSAN MARSHALL TOWNSEND VICE REGENT 10.00 X 0 0 0 CATHERINE MARLETTE WADDELL VICE REGENT 10.00 X 0 0 0 HILARY CARTER WEST VICE REGENT 10.00 X 0 0 0 DOUGLAS BRADBURN PRESIDENT/CEO 40.00 X 431489 0 34952 PHILIP L MANNO CHIEF FINANCIAL OFFICER 40.00 X 276850 0 30013 JOSEPH A BONDI SVP DEVELOPMENT 40.00 X 262369 0 20574 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR - UNTIL 09/202 40.00 X 201377 0 25119 KAROL WICKENS VP, EDUCATION 40.00 X 175236 0 16077 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATION 40.00 X 181014 0 19090 BEREND OLTMANS DIRECTOR OF IT 40.00 X 184044 0 14563 DAVID WEST DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 182395 0 14428 CAROLINA CAMARGO SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 163641 0 14421 TURCOTTE AMELIA SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 158723 0 16392 2217138 0 205629 29 0 1 0 CDR FUNDRAISING GROUP 4200 PARLIAMENT PLACE SUITE 300 LANHAM MD 20706 DIRECT MAIL FUNDRAISING SERVICES 1354289 MESICK COHEN WILSON BAKER ARCHITECTS LLP 388 BROADWAY ALBANY NY 12207 ARCHITECTURE, CONSTR. & MAIN. SUPPORT 1297722 MANA CONSTRUCTION LIMITED PARTNERSHIP 6401 ROSE HILL DR ALEXANDRIA VA 22310 GEN. CONSTRUCTION AND MAINT. SUPPORT 931380 KOLAS CONTRACTING INC 8361 RICHMOND HWY ALEXANDRIA VA 22309 PAINTING AND MAINTENANCE SUPPORT 587744 SOLID LIGHT INC 800 S FIFTH ST LOUISVILLE KY 40203 CONSTRU. PLANNING & DESIGN SUPPORT 432278 19 2138679 1341937 26261453 4519755 29742069 ADMISSION FEES 900099 13004520 13004520 EVENT REVENUE 900099 1898545 1898545 CONFERENCES & SYMPOSIA 900099 102409 102409 15005474 7614852 7614852 118624 118624 670164 789820 -119656 -119656 -119656 689498 1341937 582449 107049 107049 15708954 6803065 8905889 7555896 1349993 OTHER INCOME 900099 941303 941303 941303 62315604 22561370 1349993 8662172 56675 56675 242600 242600 1637131 907393 376829 352909 16908021 14091107 1586527 1230387 1204105 1004290 112607 87208 1387403 1129518 139104 118781 1442927 1169564 151215 122148 48459 48459 69146 69146 181600 181600 102385 102385 3293834 2323904 740204 229726 995918 806782 9191 179945 5533635 3952019 637750 943866 469667 88657 381010 8455978 8253341 130014 72623 435324 376590 6811 51923 57036 41682 7252 8102 4625665 4197253 214206 214206 274412 219529 41162 13721 COLLECTIONS/ACQUISITION 1295375 1295375 EVENT EXPENSES 1179360 913541 6899 258920 DIRECT MAIL 485181 252628 6552 226001 MISCELLANIOUS EXPENSES 241440 185515 20768 35157 50623277 41507963 4788091 4327223 X 975198 3534479 25251319 25422310 15644574 14422975 1318137 1630350 2590975 2182595 131067 330818 174258713 99122853 77980203 75135860 234340006 201162198 5276063 4975986 4849930 3849951 368357472 332647522 3970683 4050322 350532 363596 15000000 15000000 6821912 3128232 26143127 22542150 X 140863356 134877119 201350989 175228253 342214345 310105372 368357472 332647522 X 11692327 -46431098 2629798 X 0 1 X 1 0 X 16117389 31779228 20927276 19623448 29742069 118189410 16117389 31779228 20927276 19623448 29742069 118189410 9928743 108260667 3769322 7161135 7358352 11056694 7733476 37078979 496565 395108 360877 235590 941303 2429443 157697832 114823123 0.68650 0.65680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 496,565. 2019 AMOUNT: $ 395,108. 2020 AMOUNT: $ 360,877. 2021 AMOUNT: $ 235,590. 2022 AMOUNT: $ 941,303. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 231240981 8539813 -37605597 6838387 195336810 207616880 2505281 28801261 7682441 231240981 184775698 4663825 26268889 8091532 207616880 144135983 15161566 31947910 6469761 184775698 157292554 3046820 -10708395 5494996 144135983 0.43000 0.57000 1 0 637798 637798 119861101 52363311 67497790 44126860 41833944 2292916 9632954 4925598 4707356 75135860 INTEREST RATE SWAP AGREEMENT 2527264 ANNUITY GIFT LIABILITY 567076 POOLED INCOME FUND LIABILITY 26079 DUE TO REGION 5 HISTORY FUND 7813 3128232 X 26196417 -46431098 398984 2629798 -43402316 69598733 102385 -7385514 -7283129 62315604 58305390 398984 398984 57906406 102385 -7385514 -7283129 50623277 PART III, LINE 1A: HISTORICAL PROPERTIES AND COLLECTIONS OWNED BY THE ASSOCIATION HAVE BEEN 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. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED FOR HISTORICAL PROPERTIES, THE VALUE OF COLLECTIONS AS WELL AS REPAIRS AND IMPROVEMENTS TO HISTORICAL PROPERTIES HAVE BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTION IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. THE FINANCIAL STATEMENTS DO NOT REFLECT ANY CONTRIBUTED COLLECTION ITEMS. PART III, LINE 4: THE ASSOCIATION 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, THE ASSOCIATION'S 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. PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF 71 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE BOARD APPROVES SPENDING ON PROGRAM RESTRICTED ENDOWMENTS AS PART OF ITS ANNUAL BUDGET APPROVAL PROCESS. IN ADDITION, THE BOARD ALSO APPROVES, AS PART OF ITS ANNUAL BUDGETARY APPROVAL PROCESS, THE TRANSFER AND EXPENDITURE OF ADDITIONAL BOARD-DESIGNATED FUNDS FOR CAPITAL IMPROVEMENTS, COLLECTION ACQUISITIONS OR SPECIAL PROJECTS. TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE USED FOR THE OPERATIONS OF THE ORIENTATION CENTER, EDUCATION CENTER, AND NATIONAL LIBRARY. PART X, LINE 2: THE ASSOCIATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 3,490,647. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -860,849. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -582,449. COST OF GOODS SOLD -6,803,065. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -582,449. COST OF GOOD SOLD -6,803,065. X X X X X X 1 CDR FUNDRAISING GROUP 4200 PARLIAMENT PLACE SUITE 300 LANHAM MD 20706 DIRECT MAIL 0 3140649 181600 2959049 3140649 181600 2959049 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SPIRIT OF MOUNT VERNON 969107 669027 300080 40388 125053 27987 14153 LIFE GUARD 520910 405390 115520 43032 131347 31006 22445 2 541418 267520 273898 1893 87264 23124 34757 2031435 1341937 689498 85313 343664 82117 71355 582449 107049 1 ACCOKEEK FOUNDATION 3400 BRYAN POINT ROAD ACCOKEEK MD 20607 526037288 501(C)(3) 15000 0 PROTECTION OF VIEWSHED UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 229044195 546001796 501(C)(3) 25000 0 PAPERS OF GEORGE WASHINGTON 2 STIPENDS & AWARDS 117 242600 PART I, LINE 2: THE ASSOCIATION PERIODICALLY AWARDS GRANTS TO ORGANIZATIONS WITH WHICH WE PARTNER ON PROJECTS THAT FURTHER OUR MISSION. GRANTS ARE APPROVED AND DOCUMENTED WITH FORMAL GRANT AGREEMENTS, AND FUNDS ARE DISBURSED ACCORDING TO THE SUBSTANTIATION PROVISIONS OF EACH GRANT AGREEMENT. THE ASSOCIATION REQUIRES GRANT REPORTS AT THE END OF EACH GRANT TERM AND/OR MONITORS PROGRESS TOWARDS GRANT ACCOMPLISHMENTS THROUGH OUR DAY-TO-DAY INVOLVEMENT WITH A PARTNER. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS BRADBURN PRESIDENT/CEO 406640 0 24849 0 0 0 27520 0 7432 0 466441 0 0 0 PHILIP L MANNO CHIEF FINANCIAL OFFICER 255437 0 21413 0 0 0 21191 0 8822 0 306863 0 0 0 JOSEPH A BONDI SVP DEVELOPMENT 250456 0 11913 0 0 0 20078 0 496 0 282943 0 0 0 SUSAN SCHOELWER EXEC. DIR. OF HPC & RHS SR. CURATOR 191711 0 9666 0 0 0 15499 0 9620 0 226496 0 0 0 MATTHEW K BRINEY VP OF MEDIA & COMMUNICATION 166025 0 14989 0 0 0 13976 0 5114 0 200104 0 0 0 BEREND OLTMANS DIRECTOR OF IT 184044 0 0 0 0 0 13801 0 762 0 198607 0 0 0 DAVID WEST DIRECTOR OF FINANCE & ADMINISTRATION 182395 0 0 0 0 0 12325 0 2103 0 196823 0 0 0 KAROL WICKENS VP, EDUCATION 160831 0 14405 0 0 0 13321 0 2756 0 191313 0 0 0 CAROLINA CAMARGO SENIOR DIRECTOR OF DEVELOPMENT 158027 0 5614 0 0 0 12517 0 1904 0 178062 0 0 0 TURCOTTE AMELIA SENIOR DIRECTOR OF DEVELOPMENT 152231 0 6492 0 0 0 12246 0 4146 0 175115 0 0 0 PART I, LINE 1A THE PRESIDENT/CEO OF THE ASSOCIATION IS REQUIRED TO LIVE ON THE PREMISES AND IS PROVIDED WITH HOUSING, AND PERSONAL SERVICES FOR THE CARE OF THE PROPERTY. AS SUCH, THESE ARE NON-TAXABLE ALLOWANCES. SOCIAL CLUB DUES WERE REIMBURSED AND RECORDED AS TAXABLE ON THE FORM W-2. A FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY 911910090 30382EDU5 2007-06-20 15000000 REFINANCE EXISTING BONDS 0 0 0 A 15000000 128967 14871033 2009 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 SUNTRUST 30.000000000000 0 0 0 0 0 0 1 A 0 X 44 4444800 FMV X MISCELLANIOUS 9 53247 FMV X SUPPLIES 9 21708 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION'S PROCESS FOR PREPARING AND REVIEWING THE FEDERAL FORM 990, CONTAINS FOUR LEVELS OF REVIEW: 1) A DRAFT OF THE FEDERAL FORM 990 IS PREPARED BY THE ASSOCIATION'S TAX ADVISORS, MARCUM LLP, BASED ON FINANCIAL INFORMATION IN THE CERTIFIED AUDIT, ORGANIZATIONAL INFORMATION DOCUMENTED FROM THE AUDIT, PREPARATION OF INFORMATION SCHEDULES BY THE FINANCE DEPARTMENT AND ANSWERS TO CHECKLIST QUESTIONS; 2) THE DRAFT OF FEDERAL FORM 990 IS REVIEWED BY THE ASSOCIATION'S MANAGEMENT (PRESIDENT/CEO, CHIEF FINANCIAL OFFICER AND CONTROLLER) FOR ACCURACY AND COMPLETENESS; 3) THE AUDIT COMMITTEE REVIEWS THE FINAL DRAFT WITH THE INDEPENDENT AUDITOR; AND 4) THE FINAL DRAFT IS THEN PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY REQUIRES THE ANNUAL COMPLETION OF A CONFLICT OF INTEREST FORM BY ALL DIRECTORS AND OFFICERS. 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, AND ANY OTHER ACTIVITIES. THE FORMS ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ARE DISCUSSED WITH THE OUTSIDE COUNSEL AND THE EXECUTIVE COMMITTEE OF THE BOARD, IF APPROPRIATE. THE PRESIDENT/CEO REVIEWS THE COMPLETED FORM OF THE CHIEF FINANCIAL OFFICER, AND TAKES ANY APPROPRIATE ACTION. IF A CONFLICT IS IDENTIFIED ON THE QUESTIONNAIRE, THE CONFLICT IS SENT TO THE EXECUTIVE COMMITTEE AND IS RESOLVED APPROPRIATELY BASED ON THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 ON A PERIODIC BASIS, THE ASSOCIATION WORKS WITH A COMPENSATION CONSULTANT TO PERFORM COMPARATIVE MARKET STUDIES. THE MOST RECENT STUDY WAS COMPLETED IN 2022 AND INCLUDED ANALYSIS ON MORE THAN 300 POSITIONS INCLUDING EXECUTIVE AND MANAGEMENT POSITIONS AS WELL AS MANY FRONT LINE STAFF POSITIONS. COMPENSATION IS BENCHMARKED AGAINST OUR PEER GROUP (MUSEUMS AND HISTORICAL SITES), OTHER NON-PROFIT ORGANIZATIONS, SIMILAR POSITIONS IN THE WASHINGTON DC METRO AREA AND THE NOT-FOR-PROFIT INDUSTRY AT-LARGE. MARKET ADJUSTMENTS ARE MADE AND SALARY GRADES ADJUSTED BASED ON THESE STUDIES. IN ADDITION, PRESIDENT/CEO COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE BOARD. IN 2017 THE BOARD HIRED AN INDEPENDENT EXECUTIVE SEARCH FIRM THAT SPECIALIZED IN NON-PROFIT CEO COMPENSATION TO ANALYZE OUR PRESIDENT/ CEO COMPENSATION STRUCTURE TO ENSURE IT IS CONSISTENT WITH CURRENT MARKET AND INDUSTRY RATES. FORM 990, 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(SCC). THE BYLAWS AND THE CONFLICTS OF INTEREST POLICY, WHICH REQUIRES ANNUAL DISCLOSURE OF CONFLICTING INTERESTS BY EXECUTIVE COMMITTEE BOARD AND OFFICERS, ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED ON THE ASSOCIATION'S WEBSITE AND ARE AVAILABLE IN HARD COPY UPON SPECIFIC REQUEST. IN ADDITION, SUMMARIZED FINANCIAL INFORMATION IS DISCLOSED IN THE ASSOCIATION'S ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 3,490,647. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -860,849.