2024-11-11T14:24:04-06:00 2024-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-07-01 221514241 THE MORRIS MUSEUM INC MORR 9739713703 6 NORMANDY HEIGHTS ROAD MORRISTOWN NJ 07960 THOMAS LOUGHMAN PRESIDENT & CEO 9739713703 2024-11-11 1 0 RYAN A HYNSON CPA P03062772 9733281825 2024-10-29 2023 2024-10-15 13:58:12Z THOMAS LOUGHMAN 6 NORMANDY HEIGHTS RD MORRISTOWN NJ 07960 5555111 0 X WWW.MORRISMUSEUM.ORG X 1913 NJ INTERPRETING THE PAST AND DISCOVERING THE FUTURE THROUGH ART, SOUND, AND MOTION. 17 17 39 59 -56687 0 1823554 2286272 349666 444049 100716 438938 59909 -24156 2333845 3145103 0 0 0 0 1467542 1458535 0 0 344338 1441482 1797873 2909024 3256408 -575179 -111305 15522600 14980303 2988225 2220426 12534375 12759877 X THE MORRIS MUSEUM IS A 79,000 SQ FT CULTURAL FACILITY ON 8.5 SYLVAN ACRES. IN MORRIS TOWNSHIP, NJ, THE MUSEUM DRAWS VISITORS PRINCIPALLY FROM THE NORTHERN HALF OF THE STATE TO ITS DYNAMIC AND ACCLAIMED ART EXHIBITIONS PROGRAM AND PERFORMING ARTS EVENTS. 0 0 2501443 245033 EXHIBITIONS, COLLECTIONS, AND THEATER: IN FY24 THE MUSEUM PRESENTED 21 SPECIAL ART EXHIBITIONS AND INSTALLATIONS, FEATURING THE WORK OF GLASS ARTIST PAUL STANKARD, CONTEMPORARY PAINTERS NEIL JENNEY, DONALD SULTAN, AND SEAN CAVANAUGH, AND MANY MORE. THESE INSTALLATIONS ALSO FEATURED STANDOUT OBJECTS FROM THE MUSEUM'S 45,000+ PIECE COLLECTION. IN ADDITION TO OUR TEMPORARY INSTALLATIONS, PERMANENT GALLERIES WITHIN OUR 1913, MCKIM, MEAD & WHITE DESIGNED TWIN OAKS MANSION AND MODERN FACILITIES ALSO FEATURE OUR COLLECTIONS INCLUDING OUR WORLD-RENOWNED MURTAUGH GUINNESS COLLECTION OF MECHANICAL MUSICAL INSTRUMENTS AND AUTOMATA. THE 312-SEAT BICKFORD THEATRE AND OUTSIDE FACILITIES HOSTED AUDIENCES FOR 65 PRESENTATIONS, INCLUDING LIVE MUSIC AND DANCE PERFORMANCES, AND A SERIES OF FILMS. 199016 PUBLIC EDUCATION: IN FY24 THE MUSEUM HOSTED A TOTAL OF 98 GROUP VISITS, SERVING 3,854 K-12 SCHOOL CHILDREN FROM 10 NJ COUNTIES AND A VARIETY OF ADULT TOUR GROUPS. WE PRESENT A LAYERED APPROACH TO HOSTING ORGANIZED PRE-K-12 CHILDREN THROUGH PARTNERSHIPS WITH LOCAL SCHOOLS, BRINGING IN GROUPS FROM 45 DIFFERENT SCHOOLS IN NORTHERN NJ. ON THEIR VISITS, THESE CHILDREN EXPERIENCE TOURS AND ART-MAKING ACTIVITIES, LED BY OUR MUSEUM EDUCATORS. ADDITIONALLY, THE MUSEUM OFFERS OPPORTUNITIES FOR SELF-DIRECTED AND FACILITATED LEARNING EXPERIENCES THROUGH FESTIVAL EVENTS, FAMILY DAYS, AND OUR SMITHSONIAN SPARK!LAB, FOR HANDS-ON LEARNING AND EXPLORATION. 2501443 1 1 0 0 0 0 1 1 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 1 0 0 0 0 0 0 0 1 40 0 1 39 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THOMAS LOUGHMAN 9739713703 6 NORMANDY HEIGHTS ROAD MORRISTOWN NJ 07960 MATT MIGNON TRUSTEE 2.00 X 0 0 0 ALEXANDRA BRAUNSTEIN MD TRUSTEE 2.00 X 0 0 0 SCOTT LEONARD ESQ TRUSTEE 2.00 X 0 0 0 FRANK CESARO TRUSTEE 2.00 X 0 0 0 RICHARD NOLAN JR ESQ TRUSTEE 2.00 X 0 0 0 ERIC HART TRUSTEE 2.00 X 0 0 0 STEPHANIE D TAYLOR PHD TRUSTEE 2.00 X 0 0 0 MELANIE LEVITAN TRUSTEE 2.00 X 0 0 0 WAQAS WAJAHAT TRUSTEE 2.00 X 0 0 0 CONNIE READ FORMER DEPUTY DIRECTOR 40.00 X 119329 0 5664 THOMAS LOUGHMAN CHIEF EXECUTIVE OFFICER 40.00 X 163145 0 9464 EDWARD VON DER LINDE CHAIR 2.00 X 0 0 0 NELSON SCHAENEN JR FIRST VICE CHAIR 2.00 X 0 0 0 MARSHA BALDINGER SECOND VICE CHAIR 2.00 X 0 0 0 BARRY JARUZELSKI THIRD VICE CHAIR 2.00 X 0 0 0 DARREN SCHULMAN ASST. TREASURER 2.00 X 0 0 0 MARGIE WANG TREASURER 2.00 X 0 0 0 RICHARD A WATSON ESQ SECRETARY 2.00 X 0 0 0 MIRA PRIVES FORMER DIRECTOR OF DEVELOPMENT 40.00 X 105000 0 249 387474 0 15377 3 0 1 0 0 167259 190406 1093872 834735 2286272 EXHIBITION AND EDUCATION 713990 245033 245033 THEATRE 711110 199016 199016 444049 305683 305683 166107 222794 -56687 -56687 -56687 2149044 2015789 133255 133255 133255 132191 190406 132191 0 70389 39234 31155 31155 MISCELLANEOUS INCOME 900099 1376 1376 1376 3145103 444049 -56687 471469 X 301341 188592 41290 71459 955167 675708 147937 131522 73200 45812 10030 17358 128827 80626 17652 30549 13095 9511 1738 1846 37992 27595 5040 5357 340222 247110 45136 47976 163261 87594 43179 32488 367967 334899 33068 96698 84911 10395 1392 509681 459851 49830 THEATER PRODUCTION PERS 120374 120374 EXHIBITION EXPENSES 105035 98318 2682 4035 OPERATING LEASE EXPENSE 23146 20325 2488 333 THEATER PRODUCTION EXPE 18164 18164 2238 2053 162 23 3256408 2501443 410627 344338 1428057 1011150 728507 235771 69020 3204 14227 14792 48712 29449 24175188 17584267 6007047 6590921 7184950 7073242 42080 21774 15522600 14980303 67774 167075 866450 73500 2017186 1965418 36815 14433 2988225 2220426 X 5665478 5533597 6868897 7226280 12534375 12759877 15522600 14980303 -111305 369444 -32637 0 X X 0 1 X 1 0 X 1362410 2299514 1853671 1823554 2286272 9625421 1362410 2299514 1853671 1823554 2286272 9625421 1369125 8256296 234055 273562 269113 304351 305683 1386764 13978 134238 1682 52277 1376 203551 11215736 1794102 0.73610 0.63650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 X X X X 0 6426546 699617 292266 6833897 6225735 500000 238412 537601 6426546 7521401 -703368 592298 6225735 6850967 125830 1179780 635176 7521401 7148740 -22114 275659 6850967 0.00000 1.00000 0.00000 0 0 40000 40000 19933976 13991768 5942208 258233 130647 127586 3919979 3438852 481127 23000 23000 0 6590921 OPERATING LEASE LIABILTIES 14433 14433 X 3836895 369444 354985 724429 3112466 32637 32637 3145103 3611393 354985 354985 3256408 0 3256408 PART II, LINE 5: WRITTEN POLICY REQUIRES MONITORING OF THE CONSERVATION EASEMENT. PART II, LINE 9: THE MORRIS MUSEUM DOES NOT REPORT CONSERVATION EASEMENTS IN ITS STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE MUSEUM HAS 1 CONSERVATION EASEMENT AND THEY ARE NON-CERTIFIED. UNDER THE MORRIS COUNTY OFFICE OF PLANNING AND PRESERVATION (THE "AGREEMENT") BETWEEN THE MUSEUM AND THE MORRIS COUNTY OFFICE OF PLANNING AND PRESERVATION, THE MUSEUM IS OBLIGATED TO PRESERVE THE MUSEUM, LOCATED IN MORRIS, NEW JERSEY, IN ITS CURRENT STATE, WITH THE EXCEPTION OF ALLOWANCES FOR CERTAIN BUILDING STRUCTURES, AS DEFINED IN THE AGREEMENT. MORRIS COUNTY PROVIDES GRANT MONIES TO FUND PRESERVATION COSTS. IF THE MUSEUM IS ALTERED OUTSIDE OF THE ALLOWED VARIANCES, OR IF THE PROPERTY IS NOT MAINTAINED IN GOOD CONDITION, MORRIS COUNTY MAY REQUIRE REPAYMENT BY THE SOCIETY OF ALL MONIES RECEIVED UNDER THE AGREEMENT IN THE PRIOR YEARS, WHICH AMOUNTED TO $909,000. THE EASEMENT AGREEMENT WITH MORRIS COUNTY EXPIRES MARCH 13, 2054. PART III, LINE 1A: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED AND DONATED ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, ART OBJECTS PURCHASED AND DONATED ARE NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE MUSEUM COLLECTION CONSISTS OF APPROXIMATELY 48,700 OBJECTS. INDIVIDUAL AREAS OF THE MUSEUM'S DISTINGUISHED COLLECTION INCLUDE COSTUMES AND TEXTILES, FINE ART, DECORATIVE ART, DOLLS AND TOYS, NATURAL SCIENCE, GEOLOGY AND PALEONTOLOGY, AND ETHNOLOGY. OBJECTS FROM THE COLLECTION ARE PRESENTED IN PERMANENT AND CHANGING EXHIBITIONS. IN 2003, THE MUSEUM WAS AWARDED THE MURTOGH D. GUINNESS COLLECTION OF MECHANICAL MUSICAL INSTRUMENTS AND AUTOMATA. THE MUSEUM HOLDS ITS COLLECTIONS FOR PUBLIC EXHIBITION, EDUCATION, AND RESEARCH RATHER THAN FOR FINANCIAL GAIN. IT PROTECTS, CARES FOR, PRESERVES, AND KEEPS ITS COLLECTIONS UNENCUMBERED, SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED SOLELY FOR THE BENEFIT OF THE COLLECTION AND TO PURCHASE NEW OBJECTS FOR THE COLLECTION. PART V, LINE 4: TO AUGMENT FUNDING FOR ITS PROGRAM SERVICES. PART X, LINE 2: THE MUSEUM IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS THEREFORE EXEMPT FROM STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE MUSEUM IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE MUSEUM FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE MUSEUM IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON A PORTION OF ITS RENTAL INCOME. THE MUSEUM DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023. HOWEVER, THE MUSEUM IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE MUSEUM FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTIONS ON AN ANNUAL BASIS FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR THE STATE OF NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 132,191. RENTAL EXPENSE 222,794. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 132,191. RENTAL EXPENSES 222,794. THE ANGELETTI GROUP 365 SOUTH ST 100 MORRISTOWN NJ 07960 FUNDRAISING CONSULTANT SERVICES 0 0 0 0 GALA 216540 133203 83337 83337 GOLF OUTING 106057 61002 45055 45055 322597 194205 128392 128392 128392 0 X X X X 0 0 0 0 0 0 0 0 0 THOMAS LOUGHMAN CHIEF EXECUTIVE OFFICER 163145 0 0 0 0 0 0 0 9464 0 172609 0 0 0 PART I, LINE 3 THE MUSEUM USES AN EXECUTIVE COMMITTEE AND CONVENES IT FOR THE PURPOSE OF ESTABLISHING AND APPROVING THE AMOUNT OF COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE MUSUEM ALSO UTILIZES COMPENSATION STUDIES AND THE FORM 990 OF OTHER ORGANIZATIONS IN DETERMINING OFFICER COMPENSATION. X SEE STATEMENT BELOW X SEE STATEMENT BELOW 0 1 0 PART I, LINE 33: DURING FISCAL YEAR 2024, THE VALUE OF CONTRIBUTED WORKS OF ART AND COLLECTIBLES WERE NOT DETERMINED. A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, LINE 1G, BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). FORM 990, PART VI, SECTION A, LINE 4 THE MORRIS MUSEUM, INC.'S TRUSTEES HAVE AMENDED THE BYLAWS TO MAKE THOMAS LOUGHMAN A MEMBER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE MORRIS MUSEUM, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE BOARD OF TRUSTEES FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE BOARD OF TRUSTEES IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MORRIS MUSEUM CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT THE BOARD OF TRUSTEES ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE BOARD OF TRUSTEES WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST THE BOARD OF TRUSTEES WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 THE MORRIS MUSEUM, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 6 NORMANDY HEIGHTS ROAD MORRISTOWN, NJ 07960. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 247,110. MANAGEMENT AND GENERAL EXPENSES 45,136. FUNDRAISING EXPENSES 47,976. TOTAL EXPENSES 340,222. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.