2026-03-02T09:17:51-06:00 2025-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2024-07-01 560670666 MINT MUSEUM OF ART INC MINT 7043372000 2730 RANDOLPH ROAD CHARLOTTE NC 28207 DR TODD A HERMAN PRESIDENT AND CEO 7043372000 2026-02-26 1 0 PAULA P TILLEY P00051456 7043770239 2026-02-16 2024 2025-03-06 01:10:19Z DR TODD A HERMAN 2730 RANDOLPH ROAD CHARLOTTE NC 28207 15307202 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 FOR 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 23 109 900 635752 454514 5409967 10578966 786662 1082403 20460 3099 2758887 2979561 8975976 14644029 0 0 0 0 5923272 6243288 0 0 1244806 8184775 9215269 14108047 15458557 -5132071 -814528 96370507 102652411 1331472 2319731 95039035 100332680 X THE MINT MUSEUM WELCOMES ALL TO BE INSPIRED AND TRANSFORMED THROUGH THE POWER OF ART AND CREATIVITY. 0 0 12458367 0 1082403 FOR THE MAJORITY OF FY25, 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 FY25:WHITFIELD LOVELL: PASSAGES WAS THE MOST COMPREHENSIVE EXHIBITION OF THE ARTIST'S WORK TO DATE. WHITFIELD LOVELL IS RENOWNED FOR HIS MASTERFUL CONTE CRAYON PORTRAITS AND MULTI-SENSORY INSTALLATIONS THAT FOCUS ON ASPECTS OF AFRICAN AMERICAN HISTORY, WHILE RAISING UNIVERSAL QUESTIONS ABOUT IDENTITY, MEMORY, AND AMERICA'S COLLECTIVE HERITAGE. ORGANIZED BY THE AMERICAN FEDERATION OF ARTS, IT BROUGHT TOGETHER, FOR THE FIRST TIME, TWO OF LOVELL'S MAJOR INSTALLATIONS, DEEP RIVER AND VISITATION: THE RICHMOND PROJECT. PHOTOGRAPHS OF AFRICAN AMERICANS TAKEN BETWEEN THE EMANCIPATION PROCLAMATION AND THE CIVIL RIGHTS MOVEMENT INSPIRED HIS EXQUISITE DRAWINGS CREATED ON PAPER OR, AS PART OF HIS TABLEAUX, RENDERED ON SALVAGED WOODEN BOARDS.SOUTHERN/MODERN ORGANIZED BY THE MINT MUSEUM WAS THE FIRST EXHIBITION TO PROVIDE A COMPREHENSIVE SURVEY OF PROGRESSIVE ART CREATED IN THE AMERICAN SOUTH DURING THE FIRST HALF OF THE TWENTIETH CENTURY. THE EXHIBITION TOOK A BROAD VIEW OF THE SOUTH, CONSIDERING ARTISTS WORKING IN THE STATES BELOW THE MASON-DIXON LINE AND AS FAR WEST AS THOSE BORDERING THE MISSISSIPPI RIVER. IT ALSO EXAMINED THE SIGNIFICANT ROLE PLAYED BY WOMEN ARTISTS AND ARTISTS OF COLOR INTO THE VARIOUS THEMATIC SECTIONS OF THE EXHIBITION RATHER THAN EXAMINING THEM IN ISOLATION, PROVIDING A FULLER, RICHER, AND MORE ACCURATE OVERVIEW OF THE ARTISTIC ACTIVITY IN THE REGION THAN HAS BEEN PREVIOUSLY PRESENTED. THE MINT ONCE AGAIN PARTNERED WITH ITS AFFILIATE GROUP, THE YOUNG AFFILIATES OF THE MINT, TO PRESENT COINED IN THE SOUTH. THIS JURIED SHOW CONTINUES TO BRIDGE THE GAP BETWEEN THE MUSEUM, THE GALLERY, AND THE STUDIO BY HIGHLIGHTING THOUGHT-PROVOKING WORKS PRODUCED BY CONTEMPORARY SOUTHEASTERN ARTISTS AND INNOVATORS.FINALLY, ANNIE LEIBOVITZ / WORK INTRODUCED AN EXCITING AND DIVERSE BODY OF NEW WORK IN THIS MAJOR TRAVELING EXHIBITION ORGANIZED BY THE CRYSTAL BRIDGES MUSEUM OF AMERICAN ART. IN 1973, AT THE AGE OF 23, LEIBOVITZ WAS NAMED ROLLING STONE MAGAZINE'S CHIEF PHOTOGRAPHER. IN 2000 SHE WAS DESIGNATED A LIBRARY OF CONGRESS LIVING LEGEND. FOR THESE NEW IMAGES, LEIBOVITZ TURNED HER LENS TOWARD MORE THAN 50 LEADERS IN THE ARTS, SPORTS, POLITICS, AND BUSINESS SPHERES TO SHINE A LIGHT ON LUMINARIES SUCH AS BEYONCE AND JAY Z, ELON MUSK, KETANJI BROWN JACKSON, YAYOI KUSAMA, AND OTHERS. PRESENTED VIA LARGE FORMAT DIGITAL DISPLAYS, THESE WORKS WERE ACCOMPANIED BY PERSPECTIVES FROM THE SITTERS. ADDITIONALLY, THE MINT CONTINUES TO PRESENT ITS CONSTELLATIONCLT SERIES. THIS INITIATIVE HAS POSITIONED THE MUSEUM AS A KEY PLAYER IN, AND SUPPORTER OF, THE RAPIDLY EXPANDING CHARLOTTE ARTIST COMMUNITY.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, BILINGUAL STORIES AND MUSIC, WEDNESDAY NIGHT LIVE, AND DROP IN ART AT MINT MUSEUM RANDOLPH. 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 FIVE HUNDRED KITS ARE HANDED OUT TO THE PUBLIC EACH MONTH. FINALLY, THE LAST SUNDAY OF EACH MONTH IS PARTY IN THE PARK AT MINT MUSEUM RANDOLPH. FY25 EXHIBITIONS ALSO ALLOWED THE MINT TO RECOGNIZE THE FOLLOWING: DEMONSTRATE DIVERSITY OF VOICES IN EXHIBITIONS; ENGAGE LOCAL AND REGIONAL ARTISTS AS CO-SUPPORTERS OF OUR CULTURAL ECOSYSTEM; INCREASE ART EDUCATION IMPACT WITH YOUTH THROUGH PROGRAMS IN OUR COMMUNITY; AND BUILD STRONGER RELATIONSHIPS 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. THROUGH FREE WEDNESDAY EVENINGS AND OUR WEDNESDAY NIGHT LIVE PROGRAMMING WE CREATED A NEW CULTURAL LAYERING OF WHAT IS HAPPENING AT THE MINT, WHILE EXPOSING OUR AUDIENCES TO OTHER GROUPS THAT CONNECT THE MUSEUM MORE DEEPLY WITH THE LOCAL AND REGIONAL ARTS ECOSYSTEM. ANNUALLY, THE MINT PARTNERS WITH NUMEROUS ORGANIZATIONS WITHIN THE COMMUNITY OFFERING 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 SI 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, THE ASSOCIATION OF ART MUSEUM CURATORS, AND THE ASSOCIATION OF FUNDRAISING PROFESSIONALS. THE MINT CONTRIBUTES ANNUALLY TO THE REGIONAL ECONOMY THROUGH EMPLOYMENT, SALES, AND TAXES. SALARIES AND WAGES FOR MINT EMPLOYEES AMOUNT TO APPROXIMATELY $5.1M ANNUALLY, WHILE CONTRACT FEES TOTAL APPROXIMATELY $2.6M. PAID TAXES ARE APPROXIMATELY $600K, WHICH INCLUDE PAYROLL, LOCAL, STATE, AND FEDERAL TAXES. THE MINT'S SPECIAL EVENTS AND SHOPS REVENUE AMOUNTS TO APPROXIMATELY $2.4M ANNUALLY, AND THESE EFFORTS SERVE AS IMPORTANT VENUES FOR LOCAL BUSINESSES (CATERERS, EVENT PLANNERS, VENDORS) TO PARTNER AND THRIVE. FINALLY, 900+ ANNUAL VOLUNTEERS OFFER A KEY RESOURCE, RESULTING IN AN ANNUAL COST SAVINGS OF APPROXIMATELY $115K BASED UPON THE CURRENT HOURLY VOLUNTEER RATE OF $24.50 PER HOUR. 12458367 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 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 167 2 1 109 1 1 1 0 0 0 0 1 1 0 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 DR TODD A HERMAN PRESIDENT & CEO 40.00 X 361155 0 25328 GARY C BLANKEMEYER COO/CFO 40.00 X 212070 0 12408 JENNIFER SUDUL EDWARDS CHIEF CURATOR 40.00 X 153669 0 18288 HILLARY COOPER CHIEF ADVANCEMENT OFFICER 40.00 X 138413 0 2659 CLAYTON SEALEY SR DIR, MKTG/COMMUNICATIONS 40.00 X 131495 0 3280 EBONY HOUSE BRADSHAW DIR. OF HUMAN RESOURCES 40.00 X 101708 0 15930 ULANDA BRISTER DIRECTOR OF ACCOUNTING 40.00 X 100371 0 4648 BETH QUARTAPELLA CHAIR 1.00 X X 0 0 0 MILTON PRIME IMMEDIATE PAST CHAIR 1.00 X 0 0 0 DAVID HOUSTON TREASURER 1.00 X X 0 0 0 CHARLOTTE WICKHAM TRUSTEE 1.00 X 0 0 0 JESS SIDHOM TRUSTEE 1.00 X 0 0 0 WESTON ANDRESS TRUSTEE 1.00 X 0 0 0 JILL KELLY TRUSTEE 1.00 X 0 0 0 ALICIA BARNES TRUSTEE 1.00 X 0 0 0 JULIE EISELT TRUSTEE 1.00 X 0 0 0 LINDSAY MCCULLOUGH TRUSTEE 1.00 X 0 0 0 EVGENIYA EZHOVA TRUSTEE 1.00 X 0 0 0 LUCY HARDISON TRUSTEE 1.00 X 0 0 0 SARAH GORDON TRUSTEE 1.00 X 0 0 0 POSEY MEALY TRUSTEE 1.00 X 0 0 0 SIDNEY ECHEVARRIA CHAIR, MMA COLLECTIONS BOA 1.00 X 0 0 0 MATTHEW MOORE TRUSTEE 1.00 X 0 0 0 SHANNON SMITH TRUSTEE 1.00 X 0 0 0 JOHN CLEMONS TRUSTEE 1.00 X 0 0 0 KATIE HALLAWAY TRUSTEE 1.00 X 0 0 0 LAUREN HARKEY TRUSTEE 1.00 X 0 0 0 BETSY ROSEN TRUSTEE 1.00 X 0 0 0 REX REYNOLDS TRUSTEE 1.00 X 0 0 0 CHERYL PALMER TRUSTEE 1.00 X 0 0 0 1198881 0 82541 7 0 1 0 SUNSTATES SECURITY LLC 801 CORPORATE CENTER DR RALEIGH NC 27607 SECURITY SERVICES 796942 THE BUDD GROUP INC 2325 STRATFORD RD WINSTONSALEM NC 27103 HOUSEKEEPING/LANDSCAPING 374010 BIZ TECHNOLOGY SOLUTIONS INC 353 OATES RD MOORESVILLE NC 28117 IT SERVICES 100264 3 235401 77912 82198 10183455 33050 10578966 MUSEUM ADMISSIONS 900099 649120 649120 EXHIBITION RENTALS 900099 414194 414194 EDUCATIONAL PROGRAMS 611710 19089 19089 1082403 3099 3099 1315014 0 1315014 1315014 1315014 982943 77912 356929 626014 626014 682791 306244 376547 376547 ALCOHOL SALES 722320 635752 635752 26234 26234 661986 14644029 1458950 635752 1970361 X 641496 320748 241294 79454 4525125 3639501 368650 516974 128929 105237 8955 14737 578005 437233 75913 64859 369733 284107 42985 42641 63175 63175 48921 48921 2008954 1550337 376292 82325 206310 205131 1179 1008021 687838 220053 100130 699434 605471 84824 9139 304325 233846 35381 35098 15453 3073 10570 1810 2104690 2011040 62111 31539 143609 60114 83495 ACCESSIONS AND CONSERVA 1327901 1327901 EXHIBITIONS RENTAL/INST 493769 490771 2998 SPECIAL EVENTS 306292 303716 2410 166 RECEPTIONS/MEMBER SERVI 235131 4852 230279 249284 187451 26178 35655 15458557 12458367 1755384 1244806 0 1127246 90137 231851 319284 1766199 456013 369459 445872 487630 873246 591648 67282831 27489312 41536156 39793519 977544 3827266 49279240 52051279 2393015 2406314 96370507 102652411 955762 1536409 331822 776548 43888 6774 1331472 2319731 X 3924219 6449984 91114816 93882696 95039035 100332680 96370507 102652411 X -814528 2400861 3707312 X X 0 1 X 1 0 X 6399647 8608670 6441238 5409967 10578966 37438488 1641852 1641852 1641852 1641852 1641852 8209260 8041499 10250522 8083090 7051819 12220818 45647748 4397119 41250629 373748 761814 1412225 1205697 1318113 5071597 32988 352741 522255 526593 457246 1891823 9037 29882 87155 26234 152308 52763476 7654242 0.78180 0.83020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 45859313 5554703 3091384 48322632 44379003 31156 4362041 2912887 45859313 42943771 437435 2949338 1951541 44379003 46226370 2302210 -4903887 680922 42943771 36438097 431805 10950622 1594154 46226370 1.00000 1 0 58649445 21402201 37247244 5743603 3859092 1884511 2574536 2228019 346517 315247 315247 39793519 BENEFICIAL INTERESTS IN TRUSTS 32800470 F FOUNDATION FOR THE MINT MUSEUM 19250809 F 52051279 CAPITAL LEASE OBLIGATIONS 6774 6774 X 23008306 2400861 1641852 4370485 8413198 14595108 48921 48921 14644029 17714661 1641852 663173 2305025 15409636 48921 48921 15458557 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, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 356,929. COST OF GOODS SOLD 306,244. CHANGE IN BENEFICIAL INTEREST IN TRUSTS 3,707,312. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 356,929. COST OF GOODS SOLD 306,244. ANNUAL GALA 1060855 77912 982943 161179 80646 30847 84257 1060855 77912 982943 161179 80646 30847 84257 356929 626014 1 X X X 0 0 0 0 0 0 0 0 0 DR TODD A HERMAN PRESIDENT & CEO 361155 0 0 0 0 0 13456 0 11872 0 386483 0 0 0 GARY C BLANKEMEYER COO/CFO 212070 0 0 0 0 0 8306 0 4102 0 224478 0 0 0 JENNIFER SUDUL EDWARDS CHIEF CURATOR 153669 0 0 0 0 0 6391 0 11897 0 171957 0 0 0 X 316 X 6 33050 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 316 WORKS OF ART VALUED AT $1,441,350. 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 1,550,337. MANAGEMENT AND GENERAL EXPENSES 376,292. FUNDRAISING EXPENSES 82,325. TOTAL EXPENSES 2,008,954. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST 3,707,312. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.