2024-01-26T13:38:24-06:00 2023-06-30 621333840 BIBLE HARRIS SMITH PC 507 W CLINCH AVENUE KNOXVILLE TN 37902 990 2022-07-01 621737208 KNOXVILLE MUSEUM OF ART FOUNDATION KNOX 8655256101 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 STEVE BAILEY CHAIRMAN OF THE BOARD 8655256101 2024-01-24 1 STEVE BAILEY 999009999 0 WILLIAM B SNYDER P01270227 8655462300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE BAILEY 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 410891 0 X N/A X 1998 TN TO SUPPORT THE KNOXVILLE MUSEUM OF ART. 8 8 0 0 0 0 0 1000 0 0 253827 256217 0 0 253827 257217 265515 265856 0 0 0 0 0 0 0 18131 16439 283646 282295 -29819 -25078 6020461 6621849 0 0 6020461 6621849 TO PROVIDE FINANCIAL SUPPORT FOR THE KNOXVILLE MUSEUM OF ART. 0 0 265856 265856 DISTRIBUTION TO KNOXVILLE MUSEUM OF ART 265856 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 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 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 TN X JOYCE JONES 8655256101 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 X STEPHEN BAILEY CHAIRMAN 0.00 X X 0 0 0 ALLISON LEDERER TRUSTEE 0.00 X 0 0 0 RICHARD JANSEN TRUSTEE 0.00 X 0 0 0 L CAESAR STAIR IV TRUSTEE 0.00 X 0 0 0 ROBERT S MARQUIS SECRETARY/TREASURER 0.00 X X 0 0 0 KENNETH CREED TRUSTEE 0.00 X 0 0 0 RUSS JOHNSTON TRUSTEE 0.00 X 0 0 0 JAY MCBRIDE TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1000 1000 130432 130432 279459 153674 125785 125785 125785 257217 0 0 256217 265856 265856 15587 15587 852 852 282295 265856 16439 0 6020461 6621849 6020461 6621849 0 0 X 1972664 2574052 4047797 4047797 6020461 6621849 6020461 6621849 -25078 626466 0 X 0 1 X 0 0 X X 1 KNOXVILLE MUSEUM OF ART 620677701 10 1 265856 0 1 265856 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: ALL OF THE ORGANIZATION'S BOARD ARE MEMBERS OF THE SUPPORTED ORGANIZATION'S BOARD. PART IV, SECTION E, LINE 2A: THE ORGANIZATION'S SOLE ACTIVITY IS TO HOLD AND INVEST AN ENDOWMENT FOR THE BENEFIT OF THE KNOXVILLE MUSEUM OF ART. EARNINGS FROM THE ENDOWMENT ARE AVAILABLE TO BE DISTRIBUTED TO THE KNOXVILLE MUSEUM OF ART FOR USE IN ITS EXEMPT ACTIVITIES. PART IV, SECTION E, LINE 2B: IF THE ORGANIZATION DID NOT EXIST, THE SUPPORTED ORGANIZATIONS WOULD HOLD THE ENDOWMENT. 0 6020461 1000 881832 265856 15587 6621849 7247513 -943406 265515 18131 6020461 5538895 1960405 236769 15018 7247513 5476146 294742 218329 13663 5538895 5286037 397567 194499 12959 5476146 0.00000 0.61130 0.38870 0 0 0 X PART V, LINE 4: TO PROVIDE SUPPORT FOR THE KNOXVILLE MUSEUM OF ART. PART X, LINE 2: THE KNOXVILLE MUSEUM OF ART AND THE KNOXVILLE MUSEUM OF ART FOUNDATION ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. EFFECTIVE JULY 1, 2009, THE ORGANIZATION ADOPTED THE AUTHORITATIVE GUIDANCE FOR THE UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY AFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2019 THROUGH 2021 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2023, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. 1 KNOXVILLE MUSEUM OF ART 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 37916 KNOXVILLE TN 37916 620677701 501C3 265856 0 GENERAL SUPPORT FORM 990, PART VI, SECTION A, LINE 8A THE FOUNDATION BOARD USUALLY ONLY MEETS 1-2 TIMES PER YEAR AND MINUTES ARE NOT RECORDED. THE BANK INVESTING THE ASSETS PRESENTS A REPORT ON THE ACTIVITIES IN ACCORDANCE WITH THE WRITTEN INVESTMENT POLICY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW BY MANAGEMENT AND THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION HAS BOARD TRAINING THAT INCLUDES EXPECTATION WHICH STATES THAT ANY CONFLICT OF INTEREST SHOULD BE REPORTED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST KNOXVILLE MUSEUM OF ART 1050 WORLDS FAIR PARK DRIVE KNOXVILLE TN 379161653 620677701 EXHIBITION OF ART TN 501(C)(3) LINE 12C, III-FI 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KNOXVILLE MUSEUM OF ART B 265856 CASH