2023-08-10T09:36:59-05:00 2023-03-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-04-01 421170531 BRUCEMORE INC BRUC 3193627375 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 DOUG NEUMANN BOARD PRESIDENT 3193627375 2023-08-07 1 DOUG NEUMANN 999009999 0 DAVID LITTLE P01480921 3193632697 2023-08-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUG NEUMANN 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 3704901 0 X WWW.BRUCEMORE.ORG X 1981 IA TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. 17 17 20 156 0 0 1089454 2518601 46760 46822 195888 188884 570634 845068 1902736 3599375 0 0 0 0 696200 790939 0 0 102804 2372203 1890332 3068403 2681271 -1165667 918104 18035244 18222425 586993 748477 17448251 17473948 X TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. 0 0 2307607 50245 BRUCEMORE SERVES THE COMMUNITY IN THREE FUNDAMENTAL WAYS TO MEET ITS MISSION TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. FIRST, THE ORGANIZATION HAS AN ON-GOING RESPONSIBILITY TO PRESERVE THE IRREPLACEABLE HISTORIC RESOURCES IN ITS CARE AS A TANGIBLE CONNECTION TO THE PAST. THESE ASSETS INCLUDE SEVEN HISTORIC STRUCTURES, A 26-ACRE LANDSCAPE; AND THOUSANDS OF OBJECTS, DOCUMENTS, AND WORKS OF ART. IN 2022-2023, THIS INCLUDED PROJECTS SUCH AS THE MANSION ENVELOPE RESTORATION PROJECT AND LANDSCAPE RESTORATION PROJECT. SECOND, THE ORGANIZATION CREATES AND PROVIDES HERITAGE EVENTS THAT HIGHLIGHT THE SIGNIFICANCE OF THE SITE AND ITS COLLECTION TO AUDIENCES NEAR AND FAR. THESE PROGRAMS WELCOME PEOPLE FOR A VARIETY OF GUIDED TOURS, SPECIAL-FOCUS TOURS, EXHIBITS, AND SELF-GUIDED EXPLORATIONS. THIRD, THE ORGANIZATION IS A DRIVER IN THE CULTURAL ECONOMY BY PRODUCING, PARTNERING, AND PRESENTING OUTDOOR THEATER, COMMUNITY EVENTS, AND PUBLIC CELEBRATIONS AGAINST THE BACKDROP OF THE ICONIC, HISTORIC ESTATE. THESE ACTIVITIES WELCOME THOUSANDS OF VISITORS AND ENLIVEN THE SPACE WHILE ENGAGING PEOPLE IN THE SITE AND ITS HISTORY. 2307607 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA IL FL DC PA NM MI X DAVID JANSSEN 3193627375 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 NEUMANN DOUG PRESIDENT 1.00 X X 0 0 0 COFFEY LISHA VICE PRESIDENT 1.00 X X 0 0 0 HALL KATHY SECRETARY 1.00 X X 0 0 0 HILLYARD KIMBERLY TREASURER 1.00 X X 0 0 0 BERGSTROM BRIAN DIRECTOR 1.00 X 0 0 0 BRUNS KEVIN DIRECTOR 1.00 X 0 0 0 BURESH RYAN DIRECTOR 1.00 X 0 0 0 CATALDO BOB DIRECTOR 1.00 X 0 0 0 DEWOLF SUZY DIRECTOR 1.00 X 0 0 0 FAGAN BRIAN DIRECTOR 1.00 X 0 0 0 IGRAM SHADIA DIRECTOR 1.00 X 0 0 0 MATHIS III MARK DIRECTOR 1.00 X 0 0 0 NJI AKWI DIRECTOR 1.00 X 0 0 0 SCHMIDT KIM DIRECTOR 1.00 X 0 0 0 SMITH JENNIFER DIRECTOR 1.00 X 0 0 0 STEINMETZ DOUG DIRECTOR 1.00 X 0 0 0 THIES DANIEL DIRECTOR 1.00 X 0 0 0 JANSSEN DAVID CHIEF EXECUTIVE OFFICER 40.00 X 126059 0 3791 COSTELLO KELLY LEFT 53122 BUSINESS MANAGER 40.00 X 39884 0 3589 165943 0 7380 1 0 0 0 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 GENERAL CONTRACTING 777795 BG BRECKE INC 4140 F AVE NW CEDAR RAPIDS IA 52405 MECHANICAL SERVICES 716420 ACME ELECTRIC COMPANY 1060 CAPITAL DR SW CEDAR RAPIDS IA 52404 ELECTRICAL SERVICES 316192 PROSPIANT INC BOX 715010 CINCINNATI OH 452715010 DERECHO REPAIRS 144717 A-ONE GEOTHERMAL 1645 135TH STREET PO BOX 100 EARLHAM IA 50072 GEOTHERMAL SERVICES 105760 5 139720 42940 261421 61210 2013310 15619 2518601 TOUR REVENUE 900099 46822 46822 46822 209415 209415 36190 2453 33737 33737 33737 20531 -20531 -20531 -20531 73756 42940 82509 -8753 -8753 3456 33 3423 3423 INSURANCE PROCEEDS 900099 811014 811014 MISCELLANEOUS 900099 3048 3048 POSTAGE AND HANDLING 900099 2599 2599 816661 3599375 50245 0 1030529 130154 109329 7809 13016 521910 410509 47965 63436 12824 10772 770 1282 77967 65492 4678 7797 48084 40391 2885 4808 39599 39599 43820 43820 14218 10512 3706 6769 6148 28 593 24623 12505 9211 2907 64124 13558 50566 96380 67898 28482 8379 5734 1310 1335 212525 212525 75500 62547 12953 DERECHO EXPENSES 811014 811014 COLLECTIONS CARE 455501 455501 37880 23684 10272 3924 2681271 2307607 270860 102804 924 960 3801498 3062665 2015000 2500000 9101 113 18866 18971 5121126 2140805 1494443 2980321 10669331 9635069 26081 24326 18035244 18222425 122660 101874 445192 634126 19141 12477 586993 748477 X 2018427 4249728 15429824 13224220 17448251 17473948 18035244 18222425 X 918104 -890652 -1755 X X 0 1 X 1 0 X 2221450 6956884 1420661 1089454 2518601 14207050 2221450 6956884 1420661 1089454 2518601 14207050 6806186 7400864 234517 254980 163980 227538 245605 1126620 153079 131895 308322 579552 893840 2066688 17400358 550633 0.42530 0.47500 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2018 AMOUNT: $ 139,461. 2019 AMOUNT: $ 115,775. 2020 AMOUNT: $ 31,215. 2021 AMOUNT: $ 86,758. 2022 AMOUNT: $ 73,756. GIFT SHOP SALES - 2018 AMOUNT: $ 6,237. 2019 AMOUNT: $ 6,140. 2020 AMOUNT: $ 538. OTHER INCOME - 2018 AMOUNT: $ 7,381. 2019 AMOUNT: $ 9,980. 2020 AMOUNT: $ 4,561. 2021 AMOUNT: $ 4,716. 2022 AMOUNT: $ 9,070. INSURANCE PROCEEDS - 2020 AMOUNT: $ 272,008. 2021 AMOUNT: $ 488,078. 2022 AMOUNT: $ 811,014. SECTION B LINE 1 PER THE ORGANIZATION'S BYLAWS, THE CURRENT BOARD OF TRUSTEES VOTE TO FILL VACANCIES ON THE BOARD WITH THE EXCEPTION OF THE VERY FIRST BOARD OF TRUSTEES WHICH WERE APPOINTED BY THE NATIONAL TRUST FOR HISTORIC PRESERVATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 10919523 -695226 400820 44810 9778667 11065958 285938 384803 47570 10919523 7830794 3668671 390107 43400 11065958 9148194 -847042 426907 43451 7830794 9574029 70037 452720 43152 9148194 0.00000 0.77000 0.23000 1 0 4585159 1742583 2842576 505660 380148 125512 30307 18074 12233 2980321 EQUITY INVESTMENTS 6304431 F REAL ASSETS 476925 F FIXED INCOME INVESTMENTS 2853713 F 9635069 LEASE LIABILITY - FINANCING 12477 12477 X 2763908 -890652 15797 -1755 -876610 3640518 43820 -84962 -41142 3599376 2738210 15797 84962 100759 2637451 43820 43820 2681271 PART III, LINE 1A: THE CORPORATION'S COLLECTIONS, WHICH HAVE BEEN DONATED TO OR ACQUIRED BY BRUCEMORE, INC. SINCE 1981, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. COLLECTION EXPENSES AND COLLECTION ITEMS PURCHASED ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. PART III, LINE 4: THE CORPORATION'S COLLECTIONS AND WORKS OF ART ARE MADE UP OF VARIOUS ARTIFACTS, INCLUDING FURNITURE, PAINTINGS, PHOTOGRAPHS, DECORATIVE ART, BOOKS, AND OTHER OBJECTS OF HISTORICAL SIGNIFICANCE. PART V, LINE 4: THE CORPORATION'S ENDOWMENT WAS ESTABLISHED TO SUPPORT CAPITAL, PROGRAMMING, AND THE GENERAL OPERATING NEEDS OF THE CORPORATION. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE CORPORATION AS A PRIVATE FOUNDATION. THE CORPORATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE CORPORATION FOLLOWS THE ACCOUNTING STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION -1,755. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -82,509. RENTAL EXPENSES -2,453. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,453. FUNDRAISING EVENT EXPENSES 82,509. MUSIC IN COURTYARD 32781 9483 23298 17087 6211 THEATRE CEDAR RAPIDS PARTNERSHIP 27255 25811 1444 1445 8 56660 49014 7646 8302 18649 30814 116696 84308 32388 8302 35736 38470 82508 -50120 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE CORPORATION'S TREASURER. THE TREASURER THEN SUBMITS IT TO THE FINANCE COMMITTEE FOR REVIEW. ALL BOARD MEMBERS ARE PROVIDED WITH AN ELECTRONIC DRAFT OF THE FORM 990 PRIOR TO FILING. THE TREASURER REPORTS THE COMPLETION AND FILING OF THE FORM 990 AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS SERVING THE ORGANIZATION. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY ANNUALLY REQUESTING A WRITTEN LISTING OF ANY POTENTIAL CONFLICTS TO BE PROVIDED BY EACH BOARD MEMBER, OFFICER, DIRECTOR OR KEY EMPLOYEE. A COPY OF THE POLICY IS ALSO INCLUDED IN THE BOARD ORIENTATION MATERIALS AND THE STAFF HANDBOOK. ACTUAL OR POTENTIAL CONFLICTS ARE REQUIRED TO BE REPORTED TO THE BOARD PRESIDENT AS THEY ARISE. THE BOARD PRESIDENT SHALL THEN MAKE THE DETERMINATION AS TO WHETHER A CONFLICT EXISTS. PERSONS WITH A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE BOARD OF TRUSTEES FOR THE RELATED TRANSACTION. KNOWINGLY VIOLATING THE CONFLICT OF INTEREST AND APPEARANCE OF IMPROPRIETY POLICY MAY RESULT IN TERMINATION FROM THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR/CEO CORRELATES TO PERFORMANCE AND SUCCESSFUL COMPLETION, OR LACK THEREOF, OF GOALS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE ORGANIZATION'S PRESIDENT AND EXECUTIVE COMMITTEE REVIEW PERFORMANCE WITH THE EXECUTIVE DIRECTOR/CEO AT THE END OF THE YEAR AND MAKE COMPENSATION DECISIONS ON BEHALF OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR/CEO ANNUALLY AND APPROVES ANY CHANGES TO COMPENSATION FOR THE POSITION. COMPENSATION IS REVIEWED FOR REASONABLENESS USING COMPARABLE DATA FROM AVAILABLE WAGE SURVEYS PUBLISHED BY STATE, COUNTY AND LOCAL AGENCIES. DELIBERATIONS AND DECISIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED IN THE MEETING MINUTES AS WELL AS A SIGNED DOCUMENT FOR PAYROLL PROCESSING RECORDS. THE PROCESS OF REVIEWING COMPENSATION FOR THE EXECUTIVE DIRECTOR/CEO WAS LAST CONDUCTED IN JANUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 BRUCEMORE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION -1,755. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. NATIONAL TRUST FOR HISTORIC PRESERVATION 2600 VIRGINA AVE NW STE 1100 WASHINGTON DC 20037 530210807 HISTORIC PRESERVATION DC 501(C)(3) LINE 8 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 NATIONAL TRUST FOR HISTORIC PRESERVATION C 261421