2024-05-14T19:20:03-05:00 2023-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-07-01 586067915 Morgan County Foundation Inc % JOHNATHAN DUNN MORG 7063424743 434 South Main Street Madison GA 30650 RUTH BRACEWELL Chairman 7063424743 2024-05-15 true ruth bracewell 999009999 SABRE j Linahan P01372980 4048746244 2024-05-15 2 2022 2023-04-26 12:10:37Z RUTH BRACEWELL 434 South Main Street Madison GA 30650 1571750 false X www.mmcc-arts.org X 1974 GA The mission of the Madison Morgan Cultural Center is to enhance education and enjoyment of the arts and humanities and preserve our historic buildings. 18 18 17 100 0 514448 242812 125231 222950 200581 73172 21746 1013560 862006 1552494 0 0 0 0 341975 350848 0 0 92540 374238 509992 716213 860840 145793 691654 2636449 3446682 168033 169101 2468416 3277581 THE MISSION OF THE MADISON-MORGAN CULTURAL CENTER IS TO ENHANCE EDUCATION AND ENJOYMENT OF THE ARTS AND HUMANITIES BY OFFERING HIGH QUALITY PERMANENT EXHIBITS, TEMPORARY EXHIBITIONS, AND PERFORMANCES WHILE PRESERVING OUR HISTORIC BUILDINGS. false false 603246 222950 THE FOUNDATION'S CULTURAL CENTER IS OPEN ON A DAILY BASIS AS AN INTERACTIVE MUSEUM HOSTING VISUAL ARTS EXHIBITIONS AND TOURS OF THE FACILITY. THE STAFF EDUCATES THE GENERAL PUBLIC ABOUT THE HERITAGE AND HISTORY OF THE PIEDMONT REGION OF GEORGIA DURING CULTURAL EVENTS AND TRIPS TO THE CENTER. IN THE 2023 FISCAL YEAR, THE FOUNDATION HOSTED MANY MAJOR PERFORMANCES AT THE CULTURAL CENTER. 603246 true true false false false false false true false true true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 22 0 true 17 true false false false false false false false false false false false false X 18 18 false false false false false false false true true false false false true false false true false true false GA X JOHNATHAN DUNN 7063424743 434 SOUTH MAIN STREET Madison GA 30650 Melissa Klein Executive Director 40.0 0.0 X 85007 0 0 David Burbach Chairman 1.0 0.0 X 0 0 0 Eric Joyce VICE CHAIR 1.0 0.0 X 0 0 0 Jamie Von Hanstein SECRETARY 1.0 0.0 X 0 0 0 Steve Briley Treasurer 1.0 0.0 X 0 0 0 ruth bracewell Chairman Elect 1.0 0.0 X 0 0 0 Valle Ashley Director 1.0 0.0 X 0 0 0 Cheryl Bland Director 1.0 0.0 X 0 0 0 Kate Booker Director 1.0 0.0 X 0 0 0 Kathryn Cardwell Director 1.0 0.0 X 0 0 0 Sally Hoge Director 1.0 0.0 X 0 0 0 Robyn Cook Director 1.0 0.0 X 0 0 0 Maghan Jefferson Director 1.0 0.0 X 0 0 0 Chris Lambert Director 1.0 0.0 X 0 0 0 Jan Manos Director 1.0 0.0 X 0 0 0 Brad Rice Director 1.0 0.0 X 0 0 0 Jane Stoner Director 1.0 0.0 X 0 0 0 Zeb Grant Director 1.0 0.0 X 0 0 0 Brian Collins Director 1.0 0.0 X 0 0 0 Lee Abney Director 1.0 0.0 X 0 0 0 85007 0 0 0 false false false 0 63695 3670 14000 161447 242812 GALLERY AND EVENTS 711190 222950 222950 222950 73172 73172 0 0 6200 6200 0 6200 6200 0 20540 3670 16335 4205 4205 0 0 0 6076 2921 3155 3155 SALE OF ARTIFACT 1000000 1000000 1000000 1552494 222950 1086732 0 0 0 0 85030 56566 12199 16265 0 240524 160009 34506 46009 0 1382 920 198 264 23912 15908 3430 4574 0 0 23138 23138 0 0 13985 13985 4253 1829 1910 514 37854 26498 11356 16223 6977 7284 1962 0 0 107304 54705 46817 5782 0 0 0 4165 1791 1870 504 0 50369 50369 18000 7741 8082 2177 PERFORMANCE FEES 141899 141899 EXHIBITS AND EVENTS 66891 66891 DUES AND SUBSCRIPTIONS 19918 8566 8943 2409 BANK FEES 5993 2577 2692 724 860840 603246 165054 92540 X 290275 71626 59297 462046 200 0 0 0 0 0 0 0 0 0 4996 5675 0 1445 2215214 1683738 581845 531476 1699836 2374414 0 0 0 0 0 0 0 0 2636449 3446682 18093 23337 0 0 0 0 0 0 0 0 0 0 149940 145764 0 0 0 0 168033 169101 X 608667 1362597 1859749 1914984 2468416 3277581 2636449 3446682 691654 117511 X false true X true false X 306505 277999 414400 514448 242812 1756164 0 0 306505 277999 414400 514448 242812 1756164 7688 1748476 78707 80343 466922 143642 79372 848986 9800 4205 14005 21865 18100 6465 0 1000000 1046430 3665585 372282 0.47700 0.64273 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 1755830 600050 176219 99156 2432943 2201308 7881 -348808 104551 1755830 1814913 465781 65015 14395 2201284 1858134 79989 110024 13186 1814913 1928156 2031 73930 132418 13565 1858134 0.25000 0.68000 0.07000 false false 0 11000 11000 0 1064298 751785 312513 0 985954 804069 181885 0 135654 109576 26078 0 18308 18308 0 531476 0 0 X 1675276 117511 19256 136767 1538509 13985 13985 1552494 866111 19256 19256 846855 13985 13985 860840 Part III, Line 1a COLLECTIONS, WHICH WERE ACQUIRED EITHER THROUGH PURCHASES OR CONTRIBUTIONS, INCLUDE HISTORICAL AND CULTURAL ARTIFACTS THAT ARE OF SIGNIFICANCE IN UNDERSTANDING THE HISTORY AND CULTURE OF THE PIEDMONT REGION OF GEORGIA. THE COLLECTIONS ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. THE ITEMS ARE PRESERVED, CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND CONDITION ARE PERFORMED REGULARLY. COLLECTION ITEMS ARE SUBJECT TO A POLICY REQUIRING THAT PROCEEDS FROM DEACCESSIONS BE USED TO ACQUIRE ADDITIONAL COLLECTION ITEMS. Collection items are not recognized as assets on the statement of financial position. Additions to the museum collection are not capitalized, but are reported as decreases in the appropriate class of net assets. Proceeds from the disposition of items and proceeds from insurance claims for lost or destroyed items are reported as increases in the appropriate class of net assets. Part III, Line 4 The Foundation's collections consist primarily of papers, works of art, and artifacts that have historical and/or cultural significance to the Piedmont area of Georgia. The collections have a specific focus on the historical and cultural heritage of Morgan County, Georgia. These collections are maintained on display at the Foundation's headquarters for viewing by the general public. The Foundation also serves as a steward of these items. This stewardship preserves the historical and cultural legacy of the area for future generations. Part V, Line 4 The Foundation uses the endowment funds to derive both current investment income and long-term growth of the investments. This income and long-term growth is then used to subsidize the cost of the programming that the Foundation provides to the public. The Foundation has adopted a 4.5 percent spending policy to ensure that both current and long-term needs are met. Part X, Line 2 The Organization is classified as an exempt organization under the Internal Revenue Code Section 501(c)(3), and as such, no provision for income taxes has been provided. The Organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Organization takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. The Organization is no longer subject to tax examinations for tax years ending before June 30, 2020. Part XI, Line 2d $16,335 Fundraising Event Expenses $2,921 + Museum Shop Cost of Goods Sold ------------ $19,256 Part XII, Line 2d $16,335 Fundraising Event Expenses $2,921 + Museum Shop Cost of Goods Sold ------------ $19,256 Concert 24210 3670 20540 1695 1462 8500 4678 None 0 24210 3670 20540 1695 1462 8500 4678 16335 4205 Part VI, Line 11b THE MANAGING DIRECTOR IS INVOLVED IN THE DAILY MANAGEMENT OF THE FOUNDATION AND USES THIS KNOWLEDGE OF THE TRANSACTIONS AND ACTIVITIES OF THE FOUNDATION TO REVIEW THE FORM 990 PRIOR TO SIGNING AND FILING THE RETURN WITH THE IRS. THE MANAGING DIRECTOR ALSO CONSULTS WITH THE CPA FIRM DURING THE PREPARATION AND REVIEW PROCESS TO ENSURE THAT THE FOUNDATION HAS A COMPLETE AND ACCURATE FORM. Part VI, Line 15a The determination of all salaries is made by the Budget & Finance Committee of the Board of Trustees, on recommendation of the Personnel Committee, which is comprised of the officers of the corporation. Members of these committees have no conflicts of interest regarding personnel. The starting point for the Personnel Committee in determination of salaries is the personnel budget within the overall annual budget. Job responsibilities were realigned and expanded in several support staff positions. Compensation was determined with reference to job responsibilities, salaries for comparable positions in other similar organizations, and the local economic market. The Personnel Committee and the Budget & Finance Committee maintain records of their compensation decisions. Part VI, Line 19 The Foundation makes its governing documents and policies available to the public upon request. Part VIII, line 11a During 2023, the Organization sold an artifact that it had in its collection for $1,000,000. This item was a part of the Organization's collection, and therefore, was not previously recorded as an asset on the statement of financial position. Accordingly, the proceeds from this sale have been recorded within other income on the accompanying statement of activities. The Board of Directors approved the $1,000,000 proceeds to be used in the following manner: a) $200,000 -to repay the loan to the board designated endowment fund that was originally utilized for the care of the Organization. b) $400,000 - to be added to the board designated endowment fund with interest restricted for expenditure in support of the Organization's care and interpretation of its collections, both permanent and on loan, and more generally in support of history, the humanities, and the visual arts, with priority given to a focus on the African American experience. c) $400,000 - to be utilized for various design, installation, and related programming for exhibits of the museum as well as re-design and upgrades to the museum