2024-02-22T15:59:50-06:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2022-07-01 611378343 OWSLEY BROWN FRAZIER HISTORICAL ARMS MUSEUM FOUNDATION INC OWSL 5027532280 829 WEST MAIN STREET LOUISVILLE KY 40202 ANDREW TREINEN PRESIDENT/CEO 5027532280 2024-02-19 1 ANDREW TREINEN 999009999 0 CHRISTINE KEITH CPA P00963290 8885871719 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRAZIER HISTORY MUSEUM ANDREW TREINEN 829 WEST MAIN STREET LOUISVILLE KY 40202 10825538 0 X WWW.FRAZIERMUSEUM.ORG X 2000 KY TO IGNITE THE HUMAN SPIRIT WITH THOUGHTFULLY CRAFTED STORIES TO SPARK CURIOSITY ABOUT WHO WE ARE AND OUR CONNECTION TO THE FUTURE. WE TELL STORIES THROUGH EXHIBITIONS, EDUCATIONAL FIELD TRIPS AND CAMPS, PROGRAMS, EVENTS, TOURS, TASTINGS, AND OUR VIRTUAL FRAZIER MAGAZINE. 24 24 52 35 -51404 0 2397197 585752 570792 599209 1844205 756058 571079 697940 5383273 2638959 0 0 0 0 1910919 2147453 0 0 131818 2955623 2606181 4866542 4753634 516731 -2114675 37090055 36027206 8524593 7799745 28565462 28227461 X TO IGNITE THE HUMAN SPIRIT WITH THOUGHTFULLY CRAFTED STORIES TO SPARK CURIOSITY ABOUT WHO WE ARE AND OUR CONNECTION TO THE FUTURE. 0 0 2612188 1027401 EXHIBITION, PROJECTS & COLLECTION ITEMS:THE PERMANENT EXHIBITS OF THE MUSEUM SHOWCASE ARTIFACTS MADE BETWEEN THE 16TH AND 20TH CENTURIES WHICH INCLUDE THEMES OF THE REVOLUTIONARY WAR, WESTWARD EXPANSION AND THE CIVIL WAR TO NAME A FEW. SEVERAL OF OUR FEATURED EXHIBITS INCLUDE THE BLOEDNER MONUMENT, PRESIDENT THEODORE ROOSEVELT'S "BIG STICK AND THE FAMILY BIBLE OF DANIEL BOONE. THE TEMPORARY EXHIBITIONS AND PROJECTS ENHANCE THE VISITOR'S MUSEUM EXPERIENCE BY THE "AWE" FACTOR AND "BLOCKBUSTER" EFFECT. THE ORGANIZATION'S COLLECTION IS MADE UP OF HISTORICAL ARTIFACTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAMS. ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE MUSEUM MAINTAINS THE PRESERVATION, DISPLAY AND SAFE-KEEPING OF A VAST COLLECTION OF HISTORIC ARTIFACTS. TIMELY REVIEW, PREPARATION, AND PRESERVATION ARE PUT INTO THE HISTORIC COLLECTION AND OTHER OBJECTS THAT ARE UNDER CONSIDERATION FOR ADDING TO THE MUSEUM'S COLLECTION, WHICH AT TIMES CAN BE COSTLY, IN ORDER TO BUILD AN AUTHENTIC AND NOTEWORTHY HISTORICAL COLLECTION. 530555 208673 EDUCATION:THE MUSEUM FEATURES GREAT EDUCATIONAL PROGRAMMING, LIVE PERFORMANCES BY COSTUMED INTERPRETERS, RE-ENACTMENTS, HANDS-ON INTERACTIVE MULTIMEDIA PRESENTATIONS, AND A 48-SEAT MOVIE THEATER. THE MUSEUM HAS EDUCATIONAL PROGRAMMING FOR ALL AGES. SCHOOL GROUPS, CIVIC ORGANIZATIONS AND FAMILIES ALL VISIT THE MUSEUM TO RECONNECT WITH THE PAST AND TO GAIN A DEEPER UNDERSTANDING OF HISTORY. THE MUSEUM HAS FACILITIES FOR SPECIAL EVENTS AND CULTURAL PROGRAMMING. 4312 1696 VIRTUAL FRAZIER MAGAZINE - THE MUSEUM DELIVERS VIRTUAL CONTENT TO OVER 40,000 SUBSCRIBERS ON A WEEKLY BASIS. THIS IS CONTENT THAT HIGHLIGHTS OUR BRAND, WHERE THE WORLD MEETS KENTUCKY, AND OUR MISSION OF IGNITING THE HUMAN SPIRIT. THE MUSEUM INVESTS MULTIPLE RESOURCES IN DELIVERING THIS CONTENT AT NO CHARGE WITH THE SOLE PURPOSE OF MEANING MORE TO MORE PEOPLE EVERY DAY. 3147055 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 1 52 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X PAUL MORETTI CEPA 5027530609 2201 HIGH WICKHAM PLACE LOUISVILLE KY 40245 ANDREW TRIENEN PRESIDENT 60.00 X 145710 0 0 RACHEL PLATT DIRECTOR OF COMMUNITY ENGAGEMENT 45.00 X 110558 0 0 DEB MURPHY DIRECTORS AT LARGE 4.00 X 0 0 0 CORDT HUNEKE DIRECTOR 2.00 X 0 0 0 DAVID BAUGHMAN DIRECTOR 4.00 X 0 0 0 ED GLASSCOCK DIRECTOR 4.00 X 0 0 0 JAMES JOY DIRECTOR 4.00 X 0 0 0 JOHN SELENT DIRECTOR 1.00 X 0 0 0 JOSEPH MAGLIOCCO DIRECTOR 4.00 X 0 0 0 JUDGE DERWIN WEBB DIRECTOR 2.00 X 0 0 0 KERRY STEMLER DIRECTOR 4.00 X 0 0 0 LAWRENCE LOWE DIRECTOR 5.00 X 0 0 0 MATT MCCALL DIRECTOR 5.00 X 0 0 0 PAMELA THOMPSON DIRECTOR 5.00 X 0 0 0 PENNY PEAVLER DIRECTOR 2.00 X 0 0 0 SHARON POTTER DIRECTOR 3.00 X 0 0 0 TODD MOORADIAN DIRECTOR 4.00 X 0 0 0 TODD SPENCER DIRECTOR 6.00 X 0 0 0 VICKIE YATES BROWN ESQ DIRECTOR 4.00 X 0 0 0 WALTER T CRUTCHER DIRECTOR 4.00 X 0 0 0 WILLIAM STONE DIRECTOR 2.00 X 0 0 0 MCCAULEY BROWN CHAIR 15.00 X X 0 0 0 KEVIN BORLAND VICE CHAIR 5.00 X X 0 0 0 JOHN MCCALL LEGAL COUNSEL 4.00 X X 0 0 0 CHARLES STEWART SECRETARY 4.00 X X 0 0 0 MARK PRESTON TREASURER 3.00 X X 0 0 0 256268 0 0 2 0 0 0 0 118027 20000 447725 6556 585752 ADMISSIONS 900099 599209 599209 599209 369269 369269 660433 711837 -51404 -51404 -51404 7313565 40000 6966776 0 346789 40000 386789 386789 204510 93727 110783 110783 761898 414239 347659 347659 PARKING LOT REVENUE 900099 159108 159108 OTHER INCOME 900099 126399 126399 EXHIBITS AND COLLECTIONS SALE 900099 5395 5395 290902 2638959 1237770 -51404 866841 145710 108708 32412 4590 1697802 1270855 382636 44311 32336 23248 7646 1442 118053 89950 25918 2185 153552 108639 41110 3803 6334 2297 3764 273 103436 37507 61474 4455 41073 41073 374450 238462 120165 15823 61984 22511 36794 2679 159057 94688 53816 10553 5660 2052 3364 244 194250 109577 84673 17382 15060 2049 273 2972 2778 172 22 260409 146897 113512 1076663 727911 348752 111261 27335 83374 552 SPECIAL EVENTS EXPENSES 90998 49841 7477 33680 DUES AND MEMBERSHIPS 31615 15129 13373 3113 PROGRAMMING EXPENSE 21259 21259 TAXES & LICENSES 16707 12048 4344 315 30671 20303 6863 3505 4753634 3147055 1474761 131818 571897 290501 406587 320375 639600 296815 104735 122655 11670 37525843 19859711 18938966 17666132 16362923 16936173 65347 382885 37090055 36027206 234906 462215 228828 199671 8060859 7137859 8524593 7799745 X 11686173 11317700 16879289 16909761 28565462 28227461 37090055 36027206 -2114675 1441883 334791 0 X X 0 1 X 1 0 X 1239058 721604 1116163 2397197 585752 6059774 1239058 721604 1116163 2397197 585752 6059774 250801 5808973 534766 497083 394147 424976 369269 2220241 347305 1579738 832617 331087 290902 3381649 11661664 4341337 0.49810 0.52760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 16193278 1976032 1717030 16452280 20075977 90000 -2172699 1800000 16193278 19976512 5449465 5350000 20075977 20412387 110000 473875 1019750 19976512 20005899 1785488 1379000 20412387 0.99843 0.00156 0 0 440482 440482 34526594 17644551 16882043 143137 121576 21561 1180086 1033887 146199 1235544 1059697 175847 17666132 X 4733896 1441883 694127 2136010 2597886 41073 41073 2638959 5406688 694127 694127 4712561 41073 41073 4753634 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE MADE UP OF HISTORICAL ARTIFACTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAMS. ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALE TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. THE MUSEUM RECEIVED NO DONATIONS OF COLLECTION ITEMS DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY, THE MUSEUM RECEIVED PROCEEDS FROM DEACCESSIONS IN THE AMOUNT OF $70 AND $90,800 WHICH WILL BE USED FOR THE PURCHASE OF NEW COLLECTION ITEMS OR THE CARE AND MAINTENANCE OF EXISTING COLLECTION ITEMS. THE VALUE OF THE COLLECTION IS INDETERMINABLE AS OF JUNE 30, 2023 AND 2022. PART III, LINE 4: THE ORGANIZATIONS COLLECTION IS MADE UP OF HISTORICAL ARTIFACTS THAT ARE HELD FOR EXHIBITION AND VARIOUS OTHER PROGRAMS. ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT "CAPITALIZED." THE MUSEUM MAINTAINS THE PRESERVATION, DISPLAY AND SAFE-KEEPING OF A VAST COLLECTION OF HISTORIC ARTIFACTS. TIMELY REVIEW, PREPARATION, AND PRESERVATION ARE PUT INTO THE HISTORIC COLLECTION AND OTHER OBJECTS THAT ARE UNDER CONSIDERATION FOR ADDING TO THE MUSEUM'S COLLECTION, WHICH AT TIMES CAN BE COSTLY, IN ORDER TO BUILD AN AUTHENTIC AND NOTEWORTHY HISTORICAL COLLECTION. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT MUSEUM OPERATIONS AND EDUCATIONAL PROGRAMS. PART X, LINE 2: FRAZIER HISTORY MUSEUM (THE MUSEUM) QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND OPERATES AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 694,127. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 694,127. SUMMER BEER FEST 97416 97416 14929 10244 1800 34328 FRAZIER CLASSIC 107094 107094 12615 11129 8682 204510 204510 27544 21373 1800 43010 93727 110783 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE/AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND THEN PROVIDES A COPY TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS ADHERE TO THE CONFLICT OF INTEREST POLICY AND EVERY YEAR MUST COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR SITUATIONS THAT MAY RESULT IN A CONFLICT OF INTEREST. PRIOR TO BOARD OR COMMITTEE ACTION INVOLVING A CONFLICT OF INTEREST A MEMBER WITH POTENTIAL CONFLICT SHALL DISCLOSE ALL MATERIAL FACTS RELATED TO THE CONFLICT. THESE FACTS ARE TO BE DISCLOSED IN THE MINUTES. SUCH PERSONS WITH CONFLICTS OF INTEREST ARE NOT PERMITTED TO VOTE ON THE ISSUE OR TO BE PRESENT DURING DISCUSSIONS. THE CHAIR OR CHAIR DESIGNEE SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST SUBJECT TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A SAMPLING OF THE REGION'S MUSEUM AND NON PROFITS FORM 990S HAS BEEN REVIEWED BY THE HUMAN RESOURCE DEPARTMENT TO ENSURE THAT EXECUTIVE COMPENSATION LEVELS FALL WITHIN THE APPROPRIATE RANGE. MANAGEMENT PRESENTS A RECOMMENDED SALARY INCREASE EACH YEAR TO THE FINANCE COMMITTEE FOR APPROVAL. ONCE THE FINANCE COMMITTEE HAS APPROVED THE ORGANIZATION'S OPERATING BUDGET (WHICH INCLUDES SALARY INCREASES AND EXECUTIVE COMPENSATION) IT GOES BEFORE THE BOARD OF DIRECTORS FOR PASSAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE ORGANIZATION HAS TWO SEPARATE COMMITTEES, THE FINANCE/INVESTMENT COMMITTE AND AUDIT COMMITTEE, WHICH OVERSEE THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND OVERSIGHT OF THE FINANCIAL STATEMENTS, INVESTMENT ACCOUNTS AND POLICIES AND PROCEDURES. THE AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT ACCOUNTANT, MEETING WITH THE AUDITORS AND BEING INVOLVED WITH THE ANNUAL AUDIT PROCESS. BOTH COMMITTEES HOLD MEETINGS THROUGHOUT THE YEAR TO MAINTAIN THEIR FISCAL RESPONSIBILITIES.