2024-04-15T09:05:47-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 560670666 MINT MUSEUM OF ART INC MINT 7043372000 2730 RANDOLPH ROAD CHARLOTTE NC 28207 DR TODD A HERMAN PRESIDENT AND CEO 7043372000 2024-04-15 1 DR TODD A HERMAN 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-04-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR TODD A HERMAN 2730 RANDOLPH ROAD CHARLOTTE NC 28207 11703848 0 X WWW.MINTMUSEUM.ORG X 1936 NC THE MINT MUSEUM IS A LEADING, INNOVATIVE MUSEUM OF INTERNATIONAL ART AND DESIGN COMMITTED TO ENGAGING AND INSPIRING ALL MEMBERS OF OUR GLOBAL COMMUNITY. THE MINT MUSEUM IS DEDICATED TO LEADERSHIP IN COLLECTING, EXHIBITING, CONSERVING, RESEARCHING, PUBLISHING, INTERPRETING, AND SHARING ART AND DESIGN FROM AROUND THE WORLD. THESE COMMITMENTS ARE CENTRAL TO THE MUSEUM'S CORE VALUES OF LEADERSHIP, INTEGRITY, INCLUSIVENESS, KNOWLEDGE, STEWARDSHIP, AND INNOVATION, PROMOTING UNDERSTANDING OF AND RESPECT FO DIVERSE PEOPLES AND CULTURES. MUSEUM ADMISSION, SPECIAL EVENTS, LEARNING AND ENGAGEMENT PROGRAMS, AND OUTREACH INITIATIVES DEEPEN THE RELATIONSHIP BETWEEN THE ARTS AND CULTURE SECTOR AND THE DIVERSE COMMUNITY WE SERVE - REACHING OVER 500,000 PEOPLE THROUGH VISITATION AND ONLINE CHANNELS. 23 23 103 913 758750 521255 8636470 6441238 731182 1653347 8115 60441 1544137 2907966 10919904 11062992 0 0 0 0 4516470 5774127 0 0 1518091 7440771 9734296 11957241 15508423 -1037337 -4445431 82589737 79384308 2808321 2051363 79781416 77332945 X THE MINT MUSEUM WELCOMES ALL TO BE INSPIRED AND TRANSFORMED THROUGH THE POWER OF ART AND CREATIVITY. 0 0 12250660 0 3535727 FOR THE MAJORITY OF FY23, THE MINT MUSEUM CONTINUED ITS CORE ACTIVITIES, INCLUDING EXPANDING ITS PERMANENT COLLECTIONS THROUGH IMPORTANT ACQUISITIONS; LAUNCHING NEW EXHIBITIONS COMPRISING WORKS FROM THE PERMANENT COLLECTIONS AND ON LOAN; ENGAGING VISITORS OF ALL AGES AND BACKGROUNDS THROUGH EDUCATION AND OUTREACH INITIATIVES; AND IMPLEMENTING NEW COMMUNICATION STRATEGIES, TECHNOLOGIES, AND METHODS TO REACH AND ENGAGE NEW AUDIENCES. THE MUSEUM PRESENTED AN EXCITING ROSTER OF MAJOR MINT ORGANIZED AND SPECIAL LOAN EXHIBITIONS IN FY23:DIEDRICK BRACKENS: ARK OF BULRUSHES PRESENTED A NEW SERIES OF WOVEN SCULPTURES BY LOS ANGELES-BASED ARTIST DIEDRICK BRACKENS. HIS WORK TELLS TIMELESS STORIES OF EMANCIPATION AND REMEDIATION THROUGH PATTERN, BODY, AND THE POWER OF CRAFT. THE MINT'S EXHIBITION WAS EXPANDED TO INCLUDE THE FOLLOWING: SELECTIONS OF WOVEN/QUILTED WORKS FROM THE PERMANENT COLLECTION LIKE HISTORIC QUILTS AND NATIVE AMERICAN BASKETRY; AN INSTALLATION OF NORTH CAROLINA WEAVERS; A VISITOR ENGAGEMENT AREA WITH RESPONSE WALLS; AND EXTENSIVE RESOURCES FROM THE MINT'S LIBRARY & ARCHIVES.AMERICAN MADE: PAINTINGS AND SCULPTURES FROM THE DEMELL JACOBSEN COLLECTION INCLUDED MORE THAN 100 HIGHLIGHTS OF PAINTING AND SCULPTURE FROM ONE OF THE FINEST PRIVATELY HELD COLLECTIONS OF AMERICAN ART IN THE US. THIS EXHIBITION MARKED THE FIRST TIME THE COLLECTION WAS BROUGHT TOGETHER TO BE VIEWED COMPREHENSIVELY, AND DRAWS UPON THE COLLECTION'S STRENGTHS TO PROVIDE A SURVEY OF AMERICAN ART. IT COVERED A WIDE RANGE OF SUBJECTS WHICH AMERICAN ARTISTS ENGAGED, INCLUDING PORTRAITURE, STILL LIFE, LANDSCAPE, GENRE, AND ABSTRACTION.IN CELEBRATION OF THE 50TH ANNIVERSARY OF THE MINT'S FASHION COLLECTION, FASHION REIMAGINED: THEMES & VARIATIONS 1760-NOW FEATURED 50 EXAMPLES OF FASHIONABLE DRESS DRAWN ENTIRELY FROM THE MINT'S PERMANENT COLLECTION. ENCOMPASSING A WIDE RANGE OF ATTIRE, INCLUDING MEN'S AND WOMEN'S FASHIONS FROM 1760 TO 2022, THE EXHIBIT WAS ORGANIZED TO EXPLORE THREE ASPECTS OF HISTORICISM: MINIMALISM, PATTERN & DECORATION, AND THE BODY REIMAGINED. NEW SCHOLARSHIP PROVIDED INSIGHTS ABOUT INDIVIDUAL DESIGNERS, FABRIC AND CONSTRUCTION DETAILS, AS WELL AS THE GLOBALIZATION EMBEDDED IN TEXTILES AND FASHIONS OF 1760 TO TODAY.FINALLY, PICASSO LANDSCAPES: OUT OF BOUNDS ORGANIZED BY THE AMERICAN FEDERATION OF ARTS BROUGHT TOGETHER 50 PAINTINGS BY PICASSO FROM PUBLIC AND PRIVATE COLLECTIONS WORLDWIDE AND HONORED THE 50TH ANNIVERSARY OF HIS DEATH. THE MINT WAS THE OPENING VENUE AND THE ONLY EAST COAST LOCATION TO HOST THE EXHIBITION; AND PROVIDED A RARE OPPORTUNITY FOR VISITORS TO COME FACE TO FACE WITH WORKS BY THE ARTIST WHO CHANGED THE COURSE OF ART.THESE EXHIBITIONS SERVED AS A LAUNCHING PAD FOR THEMATIC IN-PERSON PROGRAMMING, AND COLLABORATIONS WITH ARTISTS. FOR EXAMPLE, THE SCHOOL & GALLERY PROGRAMS TEAM BROUGHT IN ARTISTS ROSALIA TORRES WERNER AND SIMONE SAUNDERS TO FACILITATE DOCENT TRAINING AROUND THEIR WORKS OF ART FEATURED IN THE PERMANENT COLLECTION. ADDITIONAL ARTIST ENGAGEMENT INCLUDED A PARTNERSHIP WITH JAZZ ARTS CHARLOTTE ON THREE PERFORMANCES EXPLORING THEMES OF ROMARE BEARDEN. FASHION DESIGNER, WALE OYEJIDE WAS ONSITE FOR THE OPENING OF FASHION REIMAGINED FOR SEVERAL ARTISTS TALKS AND DOCENT TRAINING. MOMENTS WITH ARTISTS ENCOURAGE CONTINUED LEARNING OF VISUAL ART INTERPRETATION; STIMULATE CREATIVITY AND IMAGINATION; PROVIDE VISUAL, TACTILE AND SENSORY EXPERIENCES; AND ARE MEANT TO BE FUN.THE MINT CONTINUED TO SUCCESSFULLY HOST COMMUNITY ENGAGEMENT PROGRAMS TO BUILD ON THE DEEP RELATIONSHIPS MADE WITH BOTH PARTNERS AND PARTICIPANTS SUCH AS MINT TO MOVE, WILD WEDNESDAYS, BI-LINGUAL STORIES AND MUSIC, WEDNESDAY NIGHT LIVE, AND ART 101. ADDITIONALLY, WE CONTINUED TO DISTRIBUTE FREE ART KITS - FUN AND EASY ACTIVITIES, COMPLETE WITH SUPPLIES, TO CREATE ART AT HOME. THE MONTHLY FREE ART KIT CORRESPONDS TO AN EXHIBITION ON VIEW OR A PIECE FROM THE MINT'S PERMANENT COLLECTION. TYPICALLY, ABOUT 500 KITS ARE HANDED OUT TO THE PUBLIC EACH MONTH. FINALLY, THE LAST SUNDAY OF EACH MONTH IS PARTY IN THE PARK AT THE MINT MUSEUM'S RANDOLPH ROAD LOCATION. IN FY23, OVER 1,700 VISITORS ENJOYED FREE ADMISSION TO THE MUSEUM, FOOD TRUCKS, AND LIVE MUSIC ON THE FRONT TERRACE.FY23 EXHIBITIONS ALSO ALLOWED THE MINT TO RECOGNIZE THE FOLLOWING: DEMONSTRATE DIVERSITY OF VOICES IN EXHIBITIONS; ENGAGE LOCAL AND REGIONAL ARTISTS AS CO-SUPPORTERS OF CULTURAL ECOSYSTEM; INCREASE ART EDUCATION IMPACT WITH YOUTH THROUGH PROGRAMS IN OUR COMMUNITY; AND BUILD A STRONGER RELATIONSHIP WITH OUR DONORS. THE MINT ACTIVELY ENGAGES LOCAL COMMUNITIES, ARTISTS, ART-EDUCATORS, AND ORGANIZATIONS IN ITS REGULAR PROGRAMMING; AND THOUGHTFULLY REACHES DIVERSE AUDIENCES AND POPULATIONS THROUGH GRASSROOTS EFFORTS LED BY PARTNERING COMMUNITY ORGANIZATIONS AND LEADERS. NOTABLY, IN FY23 OVER 9,200 ATTENDEES PARTICIPATED IN OUR FREE WEDNESDAY EVENINGS AND OUR WEDNESDAY NIGHT LIVE PROGRAMMING. OUR INTENTION IS TO CREATE A NEW CULTURAL LAYERING OF WHAT IS HAPPENING AT THE MINT, AS WELL AS EXPOSE OUR AUDIENCES TO OTHER GROUPS AND CONNECT THE MUSEUM MORE DEEPLY WITH THE LOCAL AND REGIONAL ARTS ECOSYSTEM. THIS NUMBER SPEAKS TO THE IMPORTANCE AND POPULARITY OF THE PROGRAM AND CRITICAL ROLE IT PLAYS IN OUR COMMUNITY.ANNUALLY, THE MINT PARTNERS WITH MANY ORGANIZATIONS WITHIN THE COMMUNITY TO OFFER A BROAD ARRAY OF PROGRAMMING THAT REACHES AS MANY COMMUNITY MEMBERS AS POSSIBLE. KEY PARTNERS INCLUDE: CHARLOTTE MECKLENBURG SCHOOLS, THE LATIN AMERICAN WOMEN'S ASSOCIATION, LATIN AMERICAN COALITION, ART S CHARLOTTE, CIRCLE DE LUZ, HARVEY B. GANTT CENTER FOR AFRICAN-AMERICAN ARTS + CULTURE, DANCES OF INDIA RUMBAO LATIN DANCE COMPANY, SOUTHEASTERN MUSEUM CONFERENCE, PBS AFFILIATE WTVI CHARLOTTE, BECHTLER MUSEUM OF MODERN ART, MCCOLL CENTER FOR VISUAL ART, BLUMENTHAL PERFORMING ARTS CENTER, CHARLOTTE BALLET, OPERA CAROLINA, CHARLOTTE SYMPHONY, CHARLOTTE MECKLENBURG LIBRARY, UNIVERSITIES AND COLLEGES, AND OTHERS. MINT STAFF MEMBERS RELATE TO THEIR PEERS THROUGH VARIOUS NATIONAL GROUPS, INCLUDING THE SOUTHEASTERN MUSEUMS CONFERENCE, THE AMERICAN ALLIANCE OF MUSEUMS, THE COLLEGE ART ASSOCIATION, AND THE ASSOCIATION OF ART MUSEUM CURATORS. THE MINT CONTRIBUTES ANNUALLY TO THE REGIONAL ECONOMY THROUGH EMPLOYMENT, SALES, AND TAXES. SALARIES AND WAGES FOR MINT EMPLOYEES AMOUNTS TO APPROXIMATELY $4.7M ANNUALLY, WHILE CONTRACT FEES TOTAL APPROXIMATELY $2.0M. PAID TAXES ARE APPROXIMATELY $830K, WHICH INCLUDE PAYROLL, LOCAL, STATE, AND FEDERAL TAXES. THE MINT'S SPECIAL EVENTS AND SHOPS REVENUE AMOUNTS TO APPROXIMATELY $2.9M ANNUALLY, AND THESE EFFORTS SERVE AS IMPORTANT VENUES FOR LOCAL BUSINESSES (CATERERS, EVENT PLANNERS, VENDORS) TO PARTNER AND THRIVE. FINALLY, 913 ANNUAL VOLUNTEERS OFFER A KEY RESOURCE, RESULTING IN AN ANNUAL COST SAVINGS OF APPROXIMATELY $110K BASED UPON THE CURRENT HOURLY VOLUNTEER RATE OF $23.56 PER HOUR. 12250660 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 167 0 1 103 1 1 1 0 0 0 0 1 1 1 4 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X X GARY BLANKEMEYER 7043372000 2730 RANDOLPH ROAD CHARLOTTE NC 28207 MILTON PRIME CHAIR, BOARD OF TRUSTEES 1.00 0.00 X X 0 0 0 DAVID HOUSTON TREASURER 1.00 0.00 X X 0 0 0 TONI KENDRICK SECRETARY 1.00 0.00 X X 0 0 0 ARMANDO CHARDIET TRUSTEE 1.00 0.00 X 0 0 0 BETH QUARTAPELLA TRUSTEE 1.00 0.00 X 0 0 0 CHARLOTTE WICKHAM TRUSTEE 1.00 0.00 X 0 0 0 JESS SIDHOM TRUSTEE 1.00 0.00 X 0 0 0 KATE COLE TRUSTEE 1.00 0.00 X 0 0 0 LAUREN HARKEY CHAIR, MMCD&F BOARD 1.00 0.00 X 0 0 0 LEIGH-ANN SPROCK TRUSTEE 1.00 0.00 X 0 0 0 LEN BOTKIN TRUSTEE 1.00 0.00 X 0 0 0 LINDSAY MCCULLOUGH TRUSTEE 1.00 0.00 X 0 0 0 LORIE M SPRATLEY TRUSTEE 1.00 0.00 X 0 0 0 LUCY HARDISON TRUSTEE 1.00 0.00 X 0 0 0 MANUEL RODRIGUEZ TRUSTEE 1.00 0.00 X 0 0 0 MARY BEAVER TRUSTEE 1.00 0.00 X 0 0 0 QUINCY LEE CHAIR, MMA BOARD 1.00 0.00 X 0 0 0 RICHARD PAYNE JR TRUSTEE 1.00 0.00 X 0 0 0 ROCKY TRENKELBACH TRUSTEE 1.00 0.00 X 0 0 0 SEAN JONES TRUSTEE 1.00 0.00 X 0 0 0 STEPHANIE BISSELL TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH SHUFORD AFFILIATE COUNCIL PRESIDENT 1.00 0.00 X 0 0 0 AMY PITT TRUSTEE 1.00 0.00 X 0 0 0 DR TODD A HERMAN PRESIDENT & CEO 40.00 0.00 X 336546 0 22078 GARY C BLANKEMEYER COO/CFO 40.00 0.00 X 183377 0 15457 HILLARY COOPER CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 126586 0 2897 ANNIE CARLANO SENIOR CURATOR 40.00 0.00 X 110825 0 12595 JENNIFER SUDUL EDWARDS CHIEF CURATOR 40.00 0.00 X 132340 0 14002 889674 0 67029 5 0 1 0 SUNSTATES SECURITY LLC 801 CORPORATE CENTER DR RALEIGH NC 27607 SECURITY SERVICES 832847 BIZ TECHNOLOGY SOLUTIONS INC 253 OATES RD MOORESVILLE NC 28117 IT SERVICES 506263 THE BUDD GROUP INC 2325 STRATFORD RD WINSTONSALEM NC 27103 HOUSEKEEPING/LANDSCAPING 465572 ART HORIZONS 20 GOTT AVENUE ROCKPORT MA 01966 TOUR OPERATOR 107765 4 265571 50670 693000 5431997 10614 6441238 MUSEUM ADMISSIONS 900099 1406925 1406925 EXHIBITION RENTALS 900099 165200 165200 EDUCATIONAL PROGAMS 611710 81222 81222 1653347 60441 60441 1351814 0 1351814 1351814 1351814 534803 50670 267967 266836 266836 873573 372889 500684 500684 ALCOHOL SALES 722440 758750 758750 29882 29882 788632 11062992 2154031 758750 1708973 X 1026228 411809 405645 208774 3773036 3197316 228730 346990 102820 89556 2696 10568 527500 404916 59604 62980 344543 260400 44209 39934 43297 43297 3886 3886 2881250 2226433 482160 172657 410314 410314 1074159 748031 136932 189196 603504 484908 94546 24050 427173 323925 53610 49638 13577 10281 2328 968 1904437 1829811 45830 28796 104928 36417 68511 EXHIBITIONS RENTAL/INST 864641 864593 48 RECEPTIONS/MEMBER SERVI 420717 43537 377180 ACCESSIONS AND CONSERVA 315954 315954 SPECIAL EVENTS 308261 305871 2390 358198 286588 65250 6360 15508423 12250660 1739672 1518091 1404785 974898 562314 266379 2337299 277224 462462 390774 310250 382948 113432 581244 66893164 23542614 44396132 43350550 1277356 1020021 29058248 29553335 2667459 2586935 82589737 79384308 1315452 1192559 1378910 779881 113959 78923 2808321 2051363 X 4517750 4269015 75263666 73063930 79781416 77332945 82589737 79384308 X -4445431 105033 1891927 X X 0 1 X 1 0 X 4881992 5323732 6399647 8608670 6441238 31655279 1641852 1641852 1641852 1641852 1641852 8209260 6523844 6965584 8041499 10250522 8083090 39864539 2283337 37581202 1191788 710992 373748 761814 1412225 4450567 217522 150396 32988 352741 522255 1275902 11635 9037 29882 50554 45641562 4303419 0.82340 0.83690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 42943771 437435 2949338 1951541 44379003 46226370 2302210 -4903887 680922 42943771 36438097 431805 10950622 1594154 46226370 37697329 306921 380036 1946189 36438097 38904421 601723 417627 2226442 37697329 1.00000 1 1 1 58649445 18438945 40210500 5743603 3405303 2338300 1977692 1698366 279326 522424 522424 43350550 BENEFICIAL INTERESTS IN TRUSTS 29553335 F 29553335 CAPITAL LEASE OBLIGATIONS 78923 78923 X 16014631 105033 1641852 3208640 4955525 11059106 3886 3886 11062992 17787244 1641852 640856 2282708 15504536 3886 3886 15508422 PART III, LINE 1A: IN ACCORDANCE WITH GAAP AND THE PRACTICE TYPICALLY FOLLOWED BY MUSEUMS, EXHIBITS AND ART OBJECTS PURCHASED AND DONATED ARE NOT INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSTION. EVEN THOUGH NOT REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS, THE MUSEUM'S COLLECTION REPRESENTS ONE OF ITS MOST VALUABLE ASSETS. THE MUSEUM'S COLLECTIONS CONSIST OF ART OBJECTS AND ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR CURATORIAL AND EDUCATIONAL PURPOSES. THE COLLECTION IS KEPT UNDER CURATORIAL CARE, WHICH INCLUDES CONSERVATION PRACTICES, AND IS SUBJECT TO THE MUSEUM'S POLICY THAT REQUIRES PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO BE USED ONLY FOR ACQUISITION OF ADDITIONAL COLLECTIONS. THE MUSEUM DOES NOT RECOGNIZE AS A CONTRIBUTION ANY INCOME FROM DONATED COLLECTION ITEMS, AS ITS COLLECTIONS ARE NOT CAPITALIZED. PART III, LINE 4: THE MINT MUSEUM COMPRISES TWO FACILITIES (MINT MUSEUM RANDOLPH AND MINT MUSEUM UPTOWN) AND NEARLY 35,000 OBJECTS IN ITS COLLECTION, ONE OF THE LARGEST COLLECTIONS IN THE SOUTHEAST. MINT MUSEUM RANDOLPH, ORIGINALLY CONSTRUCTED IN 1936, HOUSES THE MINT'S DECORATIVE ARTS, FASHION, ART OF THE ANCIENT AMERICAS, AND EUROPEAN, AFRICAN, ASIAN, AND NATIVE AMERICAN COLLECTIONS. THE MINT MUSEUM UPTOWN HOUSES THE INTERNATIONALLY-RENOWNED MINT MUSEUM OF CRAFT + DESIGN, AS WELL AS OUTSTANDING COLLECTIONS OF AMERICAN, CONTEMPORARY, AND EUROPEAN ART. DESIGNED BY MACHADO AND SILVETTI ASSOCIATES OF BOSTON, THE FIVE-STORY, 145,000 SQUARE-FOOT FACILITY COMBINES INSPIRING ARCHITECTURE WITH GROUNDBREAKING EXHIBITIONS TO PROVIDE VISITORS WITH UNPARALLELED EDUCATIONAL AND CULTURAL EXPERIENCES. LOCATED IN THE HEART OF UPTOWN CHARLOTTE, THE MINT MUSEUM UPTOWN IS AN INTEGRAL PART OF LEVINE CENTER FOR THE ARTS, A CULTURAL CAMPUS THAT INCLUDES THE BECHTLER MUSEUM OF MODERN ART, THE HARVEY B. GANTT CENTER FOR AFRICAN-AMERICAN ARTS + CULTURE, THE KNIGHT THEATER, AND THE DUKE ENERGY CENTER. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR A VARIETY OF PURPOSES TO SUPPORT THE MINT'S PROGRAMS. THE ENDOWMENT BALANCES REPORTED IN PART V OF FORM 990 INCLUDE ENDOWMENT FUNDS HELD BY A SUPPORTING ORGANIZATION, FOUNDATION FOR THE MINT MUSEUM, WHICH EXISTS TO SUPPORT THE OPERATIONS OF THE MINT MUSEUM. THE PERCENTAGES REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE MUSEUM IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE MUSEUM RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 267,967. COST OF GOODS SOLD 372,889. FOUNDATION FOR THE MINT MUSEUM REVENUE 675,857. CHANGE IN BENEFICIAL INTEREST IN TRUSTS 1,891,927. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 267,967. COST OF GOODS SOLD 372,889. SPRING GALA FY23 585473 50670 534803 4800 30340 65759 55461 111607 585473 50670 534803 4800 30340 65759 55461 111607 267967 266836 1 X X 0 0 0 0 0 0 0 0 0 DR TODD A HERMAN PRESIDENT & CEO 336546 0 0 0 0 0 13462 0 8616 0 358624 0 0 0 GARY C BLANKEMEYER COO/CFO 183377 0 0 0 0 0 7335 0 8122 0 198834 0 0 0 X 166 X 3 10614 FMV 0 1 1 PART I, LINE 32B: THE MINT USES OUR BANKING INSTITUTION, WELLS FARGO SECURITIES, TO PROCESS STOCK CONTRIBUTIONS. SCHEDULE M, LINE 33: IN ACCORDANCE WITH GAAP, THE MUSEUM DOES NOT RECOGNIZE AS A CONTRIBUTION ANY INCOME FROM DONATED COLLECTION ITEMS AS ITS COLLECTIONS ARE NOT CAPITALIZED. DURING THIS FISCAL YEAR, THE MUSEUM RECEIVED 166 WORKS OF ART VALUED AT $870,196. FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR AND CITY COUNCIL OF THE CITY OF CHARLOTTE MAY EACH APPOINT A TRUSTEE FOR THREE-YEAR TERMS ENDING AT THE DATE OF THE ANNUAL OR SUBSTITUTE ANNUAL MEETING OF THE MEMBERS OF THE CORPORATION. ANY VACANCY OCCURRING IN THE MEMBERS OF THE BOARD OF TRUSTEES APPOINTED BY THE MAYOR OR THE CITY COUNCIL SHALL BE FILLED ONLY BY THE MAYOR OR THE CITY COUNCIL, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD FINANCE AND INVESTMENT COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMITTING IT TO THE IRS. THE FULL BOARD OF TRUSTEES RECEIVES A PUBLIC DISCLOSURE COPY OF THE FORM 990 TO PROTECT THE PRIVACY OF THE ORGANIZATION'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE POLICY. IF AN ISSUE ARISES DURING THE YEAR, IT MUST BE BROUGHT TO THE BOARD'S ATTENTION. THE MEMBER WITH THE POTENTIAL ISSUE WILL RECUSE HIMSELF OR HERSELF FROM BOTH THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 EACH POSITION WITHIN THE MUSEUM IS EVALUATED AND ASSIGNED A "GRADE," WHICH IS IN TURN ASSOCIATED WITH A SALARY RANGE THAT IS UPDATED ANNUALLY BASED ON INFLATION AND OTHER ECONOMIC FACTORS. COMPENSATION FOR ALL STAFF POSITIONS FOR THE MUSEUM IS EVALUATED ANNUALLY THROUGH A PROCESS OF BENCHMARKING JOB DESCRIPTIONS/RESPONSIBILITIES WITH SIMILAR POSITIONS FOUND IN THE ASSOCIATION OF ART MUSEUM DIRECTORS' SALARY SURVEY, WHICH IS UPDATED ANNUALLY AND/OR THE "WAGE AND SALARY SURVEY" PUBLISHED BY THE EMPLOYERS' ASSOCIATION BIANNUALLY. THE PRESIDENT, CEO AND COO THEN REVIEW EACH POSITION'S COMPENSATION AS IT RELATES TO THE SALARY SURVEYS AND MAKE ADJUSTMENTS TO THE PAY ACCORDINGLY. THE PRESIDENT AND CEO'S SALARY AND BENEFITS PACKAGE IS ADJUSTED AND APPROVED BY THE FULL BOARD OF TRUSTEES AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,226,433. MANAGEMENT AND GENERAL EXPENSES 482,160. FUNDRAISING EXPENSES 172,657. TOTAL EXPENSES 2,881,250. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 1,891,927. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. FOUNDATION FOR THE MINT MUSEUM 220 NORTH TRYON STREET CHARLOTTE NC 28202 202749804 SUPPORT MINT MUSEUM NC 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0