2024-11-08T11:04:15-06:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 844264813 IAAM SUPPORT ORGANIZATION IAAM 8438725352 PO BOX 22761 CHARLESTON SC 29413 ROBERT E BRANAN CHAIRPERSON 8438725352 2024-11-01 1 1 JANICE A RATICA P00358837 7043338881 2024-11-01 2023 2024-10-15 13:58:12Z ROBERT E BRANAN PO BOX 22761 CHARLESTON SC 29413 1354418 0 X WWW.IAAMUSEUM.ORG X 2020 SC THE MISSION IS TO FURTHER THE INTERNATIONAL AFRICAN AMERICAN MUSEUM'S CHARITABLE PURPOSE. 4 4 0 4 0 0 1752676 0 0 0 1 0 172894 1354418 1925571 1354418 0 0 0 0 0 0 0 0 0 323734 7350578 323734 7350578 1601837 -5996160 15911769 16195508 46103030 52382929 -30191261 -36187421 X THE MISSION IS TO FURTHER THE INTERNATIONAL AFRICAN AMERICAN MUSEUM'S CHARITABLE PURPOSE OF OPERATING, MAINTAINING, AND PROMOTING A MUSEUM AND EDUCATIONAL CENTER DESIGNED TO INTERPRET AMERICAN HISTORY THROUGH THE LENS OF THE AFRICAN AMERICA EXPERIENCE IN THE LOWCOUNTRY, AND TO ILLUSTRATE THE RELATIONSHIP OF THE AREA TO THE ATLANTIC WORLDS, SPECIFICALLY THE CARIBBEAN, WEST, CENTRAL AFRICA AND EUROPE. 0 0 7309141 THE ORGANIZATION IS A SUPPORTING ORGANIZATION WITH THE PURPOSE TO OPERATE AND TO PERFORM OR CARRY OUT THE PURPOSES OF THE INTERNATIONAL AFRICAN AMERICAN MUSEUM. 7309141 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X DIANNE FIRMENT CFO 8438725352 PO BOX 22761 CHARLESTON SC 29413 JOSEPH P RILEY JR BOARD MEMBER 1.00 1.00 X 0 0 0 LAWRENCE O THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 MARY ANN SULLIVAN BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT E BRANAN CHAIRPERSON 1.00 3.00 X 0 0 0 TONYA MATTHEWS CHIEF EXECUTIVE OFFICER 1.00 40.00 X 0 223504 12055 DIANNE FIRMENT CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 165488 10505 JOHN ANDERSON CHIEF OPERATING OFFICER 1.00 40.00 X 0 159809 15392 MALIKA PRYOR CHIEF LEARNING AND ENGAGEMENT OFFICER 1.00 40.00 X 0 136387 15956 VIRGINIA DEERIN MAJOR GIFTS OFFICER 1.00 40.00 X 0 153811 9435 0 838999 63343 0 0 1 0 0 1354418 0 1354418 1354418 1354418 1354418 1354418 0 0 27504 27504 13933 13933 276583 276583 1365309 1365309 CONSTRUCTION EXPENSES 5649849 5649849 LOAN SERVICING FEES 17400 17400 7350578 7309141 41437 0 3979 3984 169909 142405 16267479 1365309 0 14902170 15737881 1146949 15911769 16195508 46008 5695861 17022080 17114632 29034942 29572436 46103030 52382929 X -30191261 -36187421 -30191261 -36187421 15911769 16195508 -5996160 0 X X 0 1 X 1 0 X X X 1 INTERNATIONAL AFRICAN AMERICAN MUSEUM 203398254 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 9676118 415813 9260305 757209 55056 702153 5834152 894440 4939712 14902170 LEASE RECEIVABLE 1146949 1146949 DUE TO IAAM 29572436 29572436 X 1354418 0 1354418 0 1354418 7350578 0 7350578 0 7350578 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH IRC REGULATIONS, THE ORGANIZATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE ORGANIZATION. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ORGANIZATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEAR ENDED DECEMBER 31, 2023. THE ORGANIZATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 TONYA MATTHEWS CHIEF EXECUTIVE OFFICER 0 223504 0 0 0 0 0 6810 0 5245 0 235559 0 0 DIANNE FIRMENT CHIEF FINANCIAL OFFICER 0 165488 0 0 0 0 0 5260 0 5245 0 175993 0 0 JOHN ANDERSON CHIEF OPERATING OFFICER 0 159809 0 0 0 0 0 5379 0 10013 0 175201 0 0 VIRGINIA DEERIN MAJOR GIFTS OFFICER 0 153811 0 0 0 0 0 4190 0 5245 0 163246 0 0 MALIKA PRYOR CHIEF LEARNING AND ENGAGEMENT OFFICE 0 136387 0 0 0 0 0 0 0 15956 0 152343 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. ANY CHANGES WILL BE MADE BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE IAAM CEO COMPENSATION WAS DETERMINED THROUGH THE EXECUTIVE COMMITTEE'S SURVEY AND REVIEW OF THE SALARIES OF CEOS OF RELATIVELY COMPARABLE INSTITUTIONS IN THE LOCAL AREA. THE EXECUTIVE COMMITTEE TOOK INTO ACCOUNT THE RELATIVE DUTIES OF THE CEOS, CONSIDERING SUCH MATTERS AS FUNDRAISING RESPONSIBILITY, MANAGEMENT SUPPORT FOR THE CEOS, STAFF CURRENTLY UNDER MANAGEMENT, PROJECTED STAFF UNDER MANAGEMENT AND UNIQUE CHALLENGES (E.G. RESPONSIBILITY FOR OVERSIGHT OF BUILDING DESIGN AND CONSTRUCTION, AND PROGRAMMING RESPONSIBILITY FOR PARTNERSHIP WITH THE CITY STAFF PUBLIC ENGAGEMENT). ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORANIZATION HONORS THE REQUIREMENTS OF THE LAW GOVERNING REQUEST FOR SUCH DOCUMENTS FROM THE PUBLIC AND FEDERAL AND STATE AGENCIES. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED. INTERNATIONAL AFRICAN AMERICAN MUSEUM 10 WHARFSIDE ST CHARLESTON SC 29401 203398254 MUSEUM SC 501(C)(3) LINE 10 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 INTERNATIONAL AFRICAN AMERICAN MUSEUM E 29572436 CASH INTERNATIONAL AFRICAN AMERICAN MUSEUM J 207468 CASH INTERNATIONAL AFRICAN AMERICAN MUSEUM N INTERNATIONAL AFRICAN AMERICAN MUSEUM O INTERNATIONAL AFRICAN AMERICAN MUSEUM Q 529598 CASH