2026-05-06T12:38:10-04:00 2025-06-30 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2024-07-01 560810676 REYNOLDA HOUSE INC REYN 3367585126 PO BOX 7287 WINSTONSALEM NC 27109 DAVID NEILL TREASURER/DIRECTOR 3367585126 2025-05-05 true false JANE R POTTER P01057495 3367682310 2026-05-05 2024 2025-03-06 01:10:19Z SEE SCHEDULE O ALLISON C PERKINS PO BOX 7287 WINSTONSALEM NC 27109 5640020 false X REYNOLDA.ORG X 1964 NC REYNOLDA-AS A MUSEUM, GARDEN, AND HISTORIC COUNTRY ESTATE-CONNECTS PEOPLE WITH THE BEAUTY AND COMPLEXITY OF THE AMERICAN STORY THROUGH THE INTEGRATION OF ART, LEARNING, AND NATURE. WE CULTIVATE EXPERIENCES AND ENVIRONMENTS THAT FOSTER BELONGING. 24 22 89 196 -95076 2754169 3381550 412819 603110 1476280 1341181 105311 190724 4748579 5516565 0 0 2587628 2891696 0 483994 2727933 2969135 5315561 5860831 -566982 -344266 51535343 53563731 2977516 3175943 48557827 50387788 X REYNOLDA HOUSE PRESERVES AND INTERPRETS AN AMERICAN COUNTRY HOME AND A PREMIER COLLECTION OF AMERICAN ART. THROUGH INNOVATIVE PUBLIC PROGRAMS AND EXHIBITIONS, THE MUSEUM OFFERS A DEEPER UNDERSTANDING OF AMERICAN CULTURE TO DIVERSE AUDIENCES. false false 4466403 793551 OPERATION OF A HISTORIC HOUSE AND AMERICAN ART MUSEUM, INCLUDING INTERPRETATION, PRESERVATION, AND EDUCATION. THE MUSEUM OFFERS CHANGING EXHIBITIONS IN ITS 2,789 SQUARE FOOT EXHIBITION GALLERY. EDUCATION PROGRAMS INCLUDE LECTURES, TOURS, PLAYS, COURSES, GALLERY TALKS, SYMPOSIA, SUMMER CAMPS, ETC. THE MUSEUM HOSTED APPROXIMATELY 55,189 VISITORS DURING THE YEAR. 4466403 true true false false false false false true false true true true false false true true true true false false false false false false false false false false false true false false false false false false false false true true false false false true false false false true 33 0 true 89 true true true false false false false true true false false false false false false X 24 22 false false false false true true true true true false false true true true true true true true true false X REYNOLDA HOUSE - KIM HAMPTON 3367585126 2250 REYNOLDA ROAD WINSTONSALEM NC 27106 X SUSAN R WENTE PHD PRESIDENT OF 0.50 34.00 X 0 1519832 363435 AMY MCMICHAEL DIRECTOR 2.50 37.50 X 0 468442 51332 ALLISON C PERKINS EXECUTIVE DI 35.00 5.00 X 0 298121 65960 KIM S HAMPTON DIRECTOR OF 40.00 X 114742 0 22231 PHIL ARCHER DEPUTY DIREC 40.00 X 104259 0 19969 IRIS COLE VICE PRESIDE 2.50 X X 0 33600 0 BARBARA B MILLHOUSE FOUNDING PRE 1.00 X 0 0 0 DIANNE BLIXT DIRECTOR 1.00 X 0 0 0 BECKY BROWN DIRECTOR 1.00 X 0 0 0 CANDICE BROWN DIRECTOR 1.00 X 0 0 0 MARY KATHERINE CRANE DIRECTOR 1.00 X 0 0 0 ANNAMARIE D'SOUZA DIRECTOR 1.00 X 0 0 0 LYNN EISENBERG DIRECTOR 1.00 X 0 0 0 JAY EVERETTE DIRECTOR 2.50 X 0 0 0 GEORGE VERONIQUE DIRECTOR 1.00 X 0 0 0 JOHN HOEMANN DIRECTOR 1.00 X 0 0 0 VANCE HORNER DIRECTOR 1.00 X 0 0 0 ED MCKEE DIRECTOR 1.00 X 0 0 0 MEGAN MEDICA DIRECTOR 1.00 X 0 0 0 PAUL MILLER DIRECTOR 1.00 X 0 0 0 MELODY PIERCE DIRECTOR 1.00 X 0 0 0 ELWOOD ROBINSON DIRECTOR 2.50 X 0 0 0 GWYNNE TAYLOR DIRECTOR 1.00 X 0 0 0 JASON WENKER DIRECTOR 2.50 X 0 0 0 RICHARD WIMMER DIRECTOR 1.00 X 0 0 0 DR RANDELL A CAIN JR PRESIDENT 5.00 X X 0 0 0 EMILY ROSTLUND SECRETARY/DI 2.50 X X 0 0 0 DAVID NEILL TREASURER/DI 2.50 X X 0 0 0 219001 2319995 522927 2 false true false CAPTURE PUBLIC RELATIONS & MARKETING 749 SUMMIT ST WINSTONSALEM NC 27101 MARKETING 119722 1 767575 1346455 1267520 624139 3381550 ADMISSIONS 900099 443036 443036 PROGRAMS & EVENTS 900099 141944 141944 NONDEDUCTIBLE FEES 900099 18130 18130 603110 210687 -95076 305763 283 283 1119961 21125 10592 1119961 10533 1130494 1130494 285041 112863 172178 172178 MISCELLANEOUS 900099 18263 18263 18263 5516565 793551 -95076 1436540 465701 48564 271446 145691 1901208 1560331 170413 170464 112097 101319 1284 9494 243805 195179 29606 19020 168885 128588 22300 17997 26400 26400 315669 315669 215443 185710 8085 21648 100340 100305 35 216447 169270 11774 35403 197099 182574 9396 5129 3199 3199 644780 618501 10583 15696 7794 5948 1412 434 84862 53454 3702 27706 892872 864033 17232 11607 73280 67728 3258 2294 EXHIBITION FEES 75000 75000 EQUIPMENT & GENERAL MAINT 65394 63812 978 604 LICENSES/PERMITS 49240 41136 7356 748 MISCELLANEOUS 1316 1752 -460 24 5860831 4466403 910434 483994 1100 1100 3460612 3686703 50867 42258 21688 52545 61774 66689 82366 100437 23437350 12434880 10512530 11002470 37309140 38574731 35266 36798 51535343 53563731 130706 300209 481693 256271 2365117 2619463 2977516 3175943 X 39877693 41469810 8680134 8917978 48557827 50387788 51535343 53563731 -344266 2174227 X X false true X true false X 2123425 2949456 2873685 2754169 3381550 14082285 2123425 2949456 2873685 2754169 3381550 14082285 1446567 12635718 220148 200619 167088 266127 306046 1160028 10055 20091 32687 42123 18263 123219 15365532 2623455 0.82230 0.79600 X PART II, LINE 10 MISCELLANEOUS INCOME 123,219 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 37309140 3450764 1869504 315669 38574731 35856496 700000 2993435 1974202 266589 37309140 36339268 1674158 1872982 283948 35856496 37783064 605099 1747890 301005 36339268 29909108 525000 9326752 1737186 240610 37783064 0.77560 0.22440 false true true 152000 152000 19413495 10036409 9377086 2863089 1900896 962193 1008766 497575 511191 11002470 VERGER FUND II 38544006 F WFU INVESTMENT POOL 30725 F 38574731 AMOUNT DUE TO AFFILIATE 2619463 2619463 X 7569293 2174227 81307 112863 2368397 5200896 315669 315669 5516565 5739332 81307 112863 194170 5545162 315669 315669 5860831 SCHEDULE D, PAGE 1, PART III, LINE 1A REYNOLDA HOUSE HAS VARIOUS WORKS OF ART AND HISTORICAL TREASURES (APPROXIMATELY 4,250 ITEMS), WHICH INCLUDE THE ORIGINAL REYNOLDA HOUSE (APPROXIMATELY 30,000 SQUARE FEET) AND ITS CONTENTS, AS WELL AS PAINTINGS AND OTHER ITEMS SUBSEQUENTLY ACQUIRED. IN ACCORDANCE WITH ACCOUNTING FOR CONTRIBUTIONS, AN ENTITY NEED NOT RECOGNIZE SUCH ITEMS IN ITS FINANCIAL STATEMENTS IF THE ITEMS ARE ADDED TO COLLECTIONS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. IF PURCHASED, THE COLLECTION ITEMS ARE EXPENSED, AND IF DONATED, THEY ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE WORKS OF ART AND HISTORICAL TREASURES ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS OF WORKS OF ART AND HISTORICAL TREASURES. REYNOLDA HOUSE'S PAINTINGS ARE CATALOGED FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED ON AN ONGOING BASIS. THERE WERE NO PROCEEDS FROM THE SALE OF COLLECTION ITEMS OR PROCEEDS FROM INSURANCE RECOVERIES OF COLLECTION ITEMS IN THE FISCAL YEARS ENDED JUNE 30, 2025 AND 2024. THERE WERE NO PURCHASES OF COLLECTION ITEMS IN FISCAL YEAR 2025. REYNOLDA HOUSE PURCHASED FOR ITS COLLECTION FAMILY AND ESTATE PHOTOGRAPHS AND PAPERS IN FISCAL YEAR 2024 TOTALING 1,997. SCHEDULE D, PAGE 2, PART III, LINE 4 REYNOLDA HOUSE IS RENOWNED FOR ITS COLLECTION OF AMERICAN ART. IN THE MID 1960S THE FOUNDING DIRECTORS SET OUT TO OBTAIN THE BEST EXAMPLES OF WORK FROM AMERICAN ARTISTS OF MAJOR SIGNIFICANCE. TODAY, MASTERPIECES FROM THREE CENTURIES OF PAINTING AND SCULPTURE MAKE UP THE COLLECTION, INCLUDING WORKS BY SUCH DISTINGUISHED ARTISTS AS ALBERT BIERSTADT, MARY CASSATT, FREDERIC CHURCH, JOHN SINGLETON COPLEY, THOMAS EAKINS, JACOB LAWRENCE, GEORGIA O'KEEFFE, AND GRANT WOOD. THE COLLECTION IS EXTRAORDINARY FOR ITS QUALITY AND PROVIDES AUDIENCES WITH A THOROUGH SURVEY OF MAJOR DEVELOPMENTS IN AMERICAN ART IN A WARM AND WELCOMING SETTING. SCHEDULE D, PAGE 2, PART V, LINE 4 THE MUSEUM'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE USED TO SUPPORT THE MUSEUM'S MISSION. SCHEDULE D, PAGE 3, PART X REYNOLDA HOUSE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. IF APPLICABLE, UNRELATED BUSINESS INCOME IS REPORTED ON IRS FORM 990-T. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2022 REMAIN SUBJECT TO INCOME TAX EXAMINATIONS. MANAGEMENT EVALUATED REYNOLDA HOUSE'S TAX POSITIONS AND CONCLUDED THAT REYNOLDA HOUSE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2025 AND 2024. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 112,863 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 112,863 X true true X X X X X false true false false false false false true false SUSAN R WENTE PHD PRESIDENT OF WAKE FO 1129530 322500 67802 288531 74904 1883267 AMY MCMICHAEL DIRECTOR 466104 69 2269 25992 25340 519774 ALLISON C PERKINS EXECUTIVE DIRECTOR 297725 396 36129 970 28861 970 363111 SCHEDULE J, PAGE 1, PART I, LINE 1A SOCIAL CLUB DUES ARE PROVIDED BY THE ORGANIZATION WHEN MEMBERSHIP FULFILLS A MUSEUM BUSINESS PURPOSE. ALL SUCH DUES ARE MONITORED FOR PERSONAL USE AND INCLUDED IN TAXABLE COMPENSATION WHEN APPLICABLE. SCHEDULE J, PAGE 1, PART I, LINE 7 VARIOUS OFFICERS WERE PROVIDED INCENTIVE COMPENSATION COMPONENTS BASED ON THEIR PERFORMANCE. THESE ARE DETERMINED IN THE COURSE OF EVALUATION OF THE EMPLOYEE'S ACHIEVEMENTS BY HIS OR HER SUPERVISOR, OR THE COMPENSATION COMMITTEE OF THE FILING ORGANIZATION'S BOARD, AS APPLICABLE. SCHEDULE J, PART III PART 1, LINE 4B: THE COMPENSATION OF DR. SUSAN R. WENTE, PRESIDENT OF WAKE FOREST UNIVERSITY, INCLUDES 262,656 SHOWN IN SCHEDULE J, PART II, COLUMN C, FROM HER PARTICIPATION IN A DEFERRED COMPENSATION ARRANGEMENT. ALL COMPENSATION PAID TO DR. WENTE IS PAID BY RELATED ORGANIZATION, WAKE FOREST UNIVERSITY. THE COMPENSATION OF ALLISON PERKINS, EXECUTIVE DIRECTOR, INCLUDES 5,556 SHOWN IN SCHEDULE J, PART II, COLUMN C, FROM HER PARTICIPATION IN A DEFERRED COMPENSATION ARRANGEMENT. PART II, ITEM 1: THE PARENT ORGANIZATION OF THE FILING ORGANIZATION, WAKE FOREST UNIVERSITY (WFU), ISSUED THE FORM W-2 FOR THE FILING ORGANIZATION'S EXECUTIVE DIRECTOR, ALLISON PERKINS, WHICH STATEMENT ENCOMPASSES COMPENSATION FOR HER SERVICES AS BOTH THE EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION AND AS AN ASSOCIATE PROVOST OF WFU. THE FILING ORGANIZATION REIMBURSES WFU FOR THE VALUE OF HER SERVICES AS THE FILING ORGANIZATION'S EXECUTIVE DIRECTOR. X 3 X 5 9040 FAIR MARKET VALUE X GENERATOR 1 615099 NET BOOK VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B THE ADVANCEMENT OFFICE OF WAKE FOREST UNIVERSITY, A RELATED (PARENT) ORGANIZATION, PROCESSES ALL GIFTS (CASH AND NON-CASH) BY DATA ENTRY INTO ITS WORKDAY GENERAL LEDGER SYSTEM. SCHEDULE M, PAGE 1, PART I, LINE 33 THE ORGANIZATION ELECTED, AS PERMITTED UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. FORM 990 - ORGANIZATION'S MISSION REYNOLDA HOUSE PRESERVES AND INTERPRETS AN AMERICAN COUNTRY HOME AND A PREMIER COLLECTION OF AMERICAN ART. THROUGH INNOVATIVE PUBLIC PROGRAMS AND EXHIBITIONS, THE MUSEUM OFFERS A DEEPER UNDERSTANDING OF AMERICAN CULTURE TO DIVERSE AUDIENCES. FORM 990 FORM 990, PAGE 1, LINE C: DOING BUSINESS AS: REYNOLDA HOUSE MUSEUM OF AMERICAN ART FORM 990, PART IV, LINE 12B & PART XII, LINE 2B: THE FILING ORGANIZATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF WAKE FOREST UNIVERSITY, A RELATED (PARENT) ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 6 WAKE FOREST UNIVERSITY IS THE SOLE MEMBER OF REYNOLDA HOUSE, INC. WAKE FOREST UNIVERSITY HAS THE RIGHT, AS THE SOLE MEMBER, TO ELECT MEMBERS OF THE GOVERNING BODY, TO VOTE ON ACTIONS, AND APPROVE PROVISIONS OF THE BYLAWS BASED ON ARTICLE II OF THE BYLAWS OF REYNOLDA HOUSE, INC. FORM 990, PAGE 6, PART VI, LINE 7A WAKE FOREST UNIVERSITY IS THE SOLE MEMBER OF REYNOLDA HOUSE, INC. AND ELECTS ITS DIRECTORS PER THE ARTICLES OF AMENDMENT OF REYNOLDA HOUSE, INC. DATED JANUARY 24TH, 2002 AND BYLAWS DATED APRIL 1, 2008 AND AFFILIATION AGREEMENT BETWEEN WAKE FOREST UNIVERSITY AND THE FILING ORGANIZATION DATED JANUARY 15, 2002. FORM 990, PAGE 6, PART VI, LINE 7B WAKE FOREST UNIVERSITY, A RELATED ORGANIZATION, HAS THE RIGHT TO APPROVE OR RATIFY DECISIONS OF THE FILING ORGANIZATION'S GOVERNING BODY, SUCH AS APPROVAL OF THE GOVERNING BODY'S ELECTION OR REMOVAL OF MEMBERS OF THE GOVERNING BODY. NEITHER THE ARTICLES OF INCORPORATION NOR THE BY-LAWS OF FILING ORGANIZATION MAY BE AMENDED WITHOUT THE WRITTEN APPROVAL OF THE WAKE FOREST UNIVERSITY BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS REVIEWED AND APPROVED BY THE FILING ORGANIZATION'S FINANCE COMMITTEE. THE FINAL 990 IS AVAILABLE AND EMAILED TO ALL BOARD DIRECTORS ONCE APPROVED BY THE FINANCE COMMITTEE AND BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, KEY EMPLOYEES, AND MUSEUM DEPARTMENT HEADS TO ANNUALLY REVIEW THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY AND DISCLOSE ANNUALLY (AND AS THEY ARISE) ANY POTENTIAL CONFLICTS OF INTEREST. THE POLICY PROVIDES A PROCESS FOR THE DETERMINATION OF CONFLICTS OF INTEREST AND THE RESOLUTION OF POTENTIAL AND ACTUAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT AND TREASURER, WHO ARE INDEPENDENT MEMBERS OF THE BOARD, REVIEW THE ASSOCIATION OF ART MUSEUM DIRECTORS MOST RECENT COMPENSATION SURVEY TO RECOMMEND THE APPROPRIATE SALARY RANGE AND BENEFITS PACKAGE FOR THE EXECUTIVE DIRECTOR POSITION FOR APPROVAL BY THE EXECUTIVE COMMITTEE AND THEN FOR APPROVAL BY THE FULL BOARD AT THE JUNE MEETING. THE EXECUTIVE COMMITTEE ENSURES WELL-DEFINED PROCESSES ARE IN PLACE FOR DETERMINING COMPETITIVE AND REASONABLE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES OF THE FILING ORGANIZATION. AT THE PRESENT TIME, THE ONLY POSITION THAT NEEDS COMPENSATION EVALUATED BY THE COMMITTEE IS THE EXECUTIVE DIRECTOR POSITION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC ON REQUEST AND ARE AVAILABLE ON THE WEBSITE OF THE NORTH CAROLINA SECRETARY OF STATE. THE ORGANIZATION'S BYLAWS ARE NOT PUBLISHED, BUT PROVISIONS FROM THE BYLAWS ARE INCLUDED AS NECESSARY IN THE ORGANIZATION'S POLICIES. THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII SECTION A, COLUMN B - HOURS AMY MCMICHAEL FILING ORG - 2.5 RELATED ORG - 37.5 FILING ORGANIZATION'S DIRECTOR, AMY MCMICHAEL, IS AN EMPLOYEE OF THE FILING ORGANIZATION'S RELATED ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES. HER EMPLOYMENT BY THE RELATED ORGANIZATION RENDERS HER A NOT INDEPENDENT BOARD MEMBER OF THE FILING ORGANIZATION. IRIS COLE FILING ORG - 2.5 RELATED ORG - 1.0 FILING ORGANIZATION'S VICE PRESIDENT, IRIS COLE, IS AN INDEPENDENT CONTRACTOR OF THE FILING ORGANIZATION'S RELATED ORGANIZATION, WAKE FOREST UNIVERSITY HEALTH SCIENCES. THE PAYMENTS BY THE RELATED ORGANIZATION DURING THE TAX YEAR EXCEEDED 10,000 AND RENDERS HER A NOT INDEPENDENT BOARD MEMBER OF THE FILING ORGANIZATION. SUSAN WENTE FILING ORG - 0.5 RELATED ORG - 34 UNRELATED ORG - 5.5 SECTION A, COLUMN F: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE 10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XII THE OVERSIGHT/SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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