2024-09-13T11:31:25-05:00 2023-12-31 541953476 DAVIDSON DOYLE & HILTON LLP PO BOX 800 LYNCHBURG VA 245050800 990 2023-01-01 541713204 AMAZEMENT SQUARE AMAZ 4348451888 27 9TH STREET LYNCHBURG VA 24504 MORT SAJADIAN PhD PRESIDENT & CEO 4348451888 2024-09-12 1 0 AMY A GALLAGHER CPA P00884747 4348467611 2023 2024-08-08 14:25:15Z MORT SAJADIAN PhD 27 NINTH STREET LYNCHBURG VA 24504 1815044 0 X www.amazementsquare.org X 1993 VA AMAZEMENT SQUARE CULTIVATES AN ENGAGED COMMUNITY OF LIFELONG LEARNERS BY SPARKING IMAGINATION, CREATIVITY, AND CURIOSITY. 25 25 42 0 3748 0 1032239 699832 528815 652920 42051 36823 61866 101232 1664971 1490807 0 0 0 0 948460 1076729 0 0 154236 636372 720170 1584832 1796899 80139 -306092 7605754 7595875 191898 349778 7413856 7246097 THE MUSEUM'S MISSION IS DEDICATED TO MOTIVATING CHILDREN AND ADULTS OF ALL BACKGROUNDS AND ABILITIES TOWARD GREATER CREATIVITY AND UNDERSTANDING OF THEMSELVES AND THE WORLD THROUGH HANDS-ON LEARNING. 0 0 1395230 630337 OPERATION OF A CHILDREN'S MUSEUM DEDICATED TO MOTIVATING CHILDREN AND ADULTS OF ALL BACKGROUNDS AND ABILITIES TOWARDS GREATER CREATIVITY AND UNDERSTANDING OF THE WORLD THROUGH HANDS-ON LEARNING AND EDUCATIONAL PROGRAMS. 1395230 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 0 0 0 1 0 0 0 1 7 0 1 42 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X MORT SAJADIAN 4348451888 27 9TH STREET LYNCHBURG VA 24504 GARTH AINSLEY DIRECTOR 2.00 X 0 0 0 DIANE LUDWIG DIRECTOR 2.00 X 0 0 0 TERESA L BRENNAN DIRECTOR 2.00 X 0 0 0 JENNIFER BRYANT-FOSTER CHAIR 2.00 X X 0 0 0 JITENDRA ANNAPAREDDY DIRECTOR 2.00 X 0 0 0 FAYE FERGUSON DIRECTOR 2.00 X 0 0 0 KASEY FOREHAND DIRECTOR 2.00 X 0 0 0 FRANCES J GILES SECRETARY 2.00 X X 0 0 0 JANIE HALL DIRECTOR 2.00 X 0 0 0 HYLAN T HUBBARD III DIRECTOR 2.00 X 0 0 0 D TODD IRBY DIRECTOR 2.00 X 0 0 0 BEVERLY MCCLOSKEY DIRECTOR 2.00 X 0 0 0 ROBERT O'BRIAN DIRECTOR 2.00 X 0 0 0 THOMAS W PETTYJOHN JR TREASURER 2.00 X X 0 0 0 MARTHA SEUFER DIRECTOR 2.00 X 0 0 0 AMANDA SMITHSON DIRECTOR 2.00 X 0 0 0 ERIC SORENSON JR DIRECTOR 2.00 X 0 0 0 ANDREW DAVIDSON DIRECTOR 2.00 X 0 0 0 W KENT VAN ALLEN JR DIRECTOR 2.00 X 0 0 0 CARISSA KREGENOW DIRECTOR 2.00 X 0 0 0 LYNCH VRANIAN DIRECTOR 2.00 X 0 0 0 JACOBEN TONE DIRECTOR 2.00 X 0 0 0 SCOTT BRANBRAND DIRECTOR 2.00 X 0 0 0 SUE OTT ROWLANDS DIRECTOR 2.00 X 0 0 0 KATE SIGLER DIRECTOR 2.00 X 0 0 0 MORT SAJADIAN PHD PRESIDENT/CEO 40.00 X 184000 0 9200 184000 0 9200 1 0 1 0 0 699832 699832 MUSEUM ADMISSION 713990 279976 279976 BIRTHDAYS,CLASSES,RENT 713990 167419 167419 MUSEUM MEMBERSHIPS 713990 119630 119630 TOURS 713990 85895 85895 652920 55054 55054 216607 6776 182684 58930 33923 -52154 -18231 -21979 3748 174798 72962 101836 101836 10023 9661 362 362 MISCELLANEOUS 713990 768 768 GAIN ON CSV 713990 -1734 -1734 -966 1490807 630337 3748 156890 184000 58880 88320 36800 735417 639877 22010 73530 18811 18811 59207 44997 7105 7105 79294 60264 9515 9515 33885 33885 12544 12544 5508 5508 15583 15583 260923 260923 53609 46069 7540 UTILITIES 73791 66412 7379 EQUIPMENT AND EXHIBITS 58324 58324 STAFF DEVELOPMENT 38780 19390 19390 DUES AND FEES 26105 23140 2965 141118 78082 38715 24321 1796899 1395230 247433 154236 261656 217411 29500 155364 20106 31970 21032 19539 11699484 6613577 5353923 5085907 1820174 1988055 99363 97629 7605754 7595875 22472 31188 150000 297000 19426 21590 191898 349778 X 5478393 5111091 1935463 2135006 7413856 7246097 7605754 7595875 -306092 167989 -29656 0 X X 0 1 X 1 0 X 772758 1025480 1173772 1247202 1015913 5235125 772758 1025480 1173772 1247202 1015913 5235125 474212 4760913 49195 38668 42576 43312 55054 228805 4421 -1049 -3114 2267 362 2887 2103 990 2145 1162 768 7168 5473985 1685157 0.86970 0.86250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1820174 80 242801 75000 1988055 1999628 40 -179494 1820174 1687480 5 357143 45000 1999628 1749405 34 123041 185000 1687480 2026953 5321 324112 606981 1749405 0 0 77118 77118 8379361 3704486 4674875 389192 265769 123423 427553 344897 82656 2426260 2298425 127835 5085907 ACCRUED PAYROLL 12138 ACCRUED PAYROLL TAXES 9452 21590 X 1741969 167989 19728 75989 263706 1478263 12544 12544 1490807 1853161 19728 75989 95717 1757444 12544 26911 39455 1796899 Part X, Line 2: The Financial Accounting Standards Board issued ASC 740-10, Accounting for Uncertainty in Income Taxes, which prescribed a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The Museum has analyzed tax positions taken for filing with Internal Revenue Service and all state jurisdictions where it operates. The Museum believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the Museum financial condition, results of operations or cash flows. Accordingly, the Museum has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2022 and 2021. Fiscal years ending on or after December 31, 2019 remain subject to examination be federal and state tax authorities. Part XI, Line 2d - Other Adjustments: CONCESSIONS EXPENSE NETTED IN REVENUE SPECIAL EVENT EXPENSES NETTED ON AUDIT REPORT Part XII, Line 2d - Other Adjustments: CONCESSIONS EXPENSES NETTED AGAINST REVENUE SPECIAL EVENT EXPENSES NETTED ON AUDIT REPORT Part XII, Line 4b - Other Adjustments: BOOK/TAX DEPRECIATION DIFFERENCE UGLY BUG BALL 174798 174798 72962 174798 174798 72962 72962 101836 1 X X X 0 0 0 0 0 0 0 0 0 MORT SAJADIAN PHD PRESIDENT/CEO 184000 0 0 0 0 0 9200 0 0 0 193200 0 0 0 Part I, Line 3 THE CEO'S COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS AND APPROVED BY THE BOARD. Form 990, Part VI, Section B, line 11b PRIOR TO FILING THE 990, IT IS REVIEWED BY THE PRESIDENT & CEO AND TREASURER. IT IS THEN SUBSEQUENTLY APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS OUTLINED IN THE STAFF HANDBOOK. EMPLOYEES ARE REQUIRED TO SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ AND UNDERSTAND THIS POLICY UPON EMPLOYMENT AT THE MUSEUM. ANY POTENTIAL CONFLICTS IDENTIFIED BY THE ORGANIZATION ARE REQUIRED TO BE DISCLOSED. ALL CONTRACTS ARE SUBJECT TO A COMPETITIVE BIDDING PROCESS TO AVOID ANY FAVORABLE TREATMENT. Form 990, Part VI, Section B, line 15 THE PRESIDENT/CEO'S PERFORMANCE IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE'S EVALUATION OF THE PRESIDENT/CEO INCLUDES AN ASSESSMENT OF COMPARABLE COMPENSATION BASED ON DATA PROVIDED BY THE ASSOCIATION OF CHILDREN'S MUSEUMS (ACM) AND THE SOUTHEASTERN MUSEUMS CONFERENCE (SMC). COMPENSATION OF OTHER KEY STAFF ARE DETERMINED BY THEIR DIRECT SUPERVISOR AND THE PRESIDENT/CEO BASED UPON EACH INDIVIDUALS PERFORMANCE AND THE ACM AND SMC SALARY DATA. Form 990, Part VI, Section C, line 19 UPON REQUEST, THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. Form 990, Part VI, Section C, Line 19: THIS PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. AMAZEMENT SQUARE DEVELOPMENT CORP P O BOX 508 LYNCHBURG VA 24505 542018720 REAL ESTATE DEVELOPMENT VA C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0