2024-11-12T14:43:50-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2023-01-01 610444690 THE FILSON HISTORICAL SOCIETY INC FILS 5026355083 1310 SOUTH THIRD STREET LOUISVILLE KY 40208 RICHARD HC CLAY PRESIDENT AND CEO 5026355083 2024-11-11 1 1 KEVIN FUQUA CPA CVA P00433011 8885871719 2023 2024-10-15 13:58:12Z RICHARD HC CLAY 1310 SOUTH THIRD STREET LOUISVILLE KY 40208 8713703 0 X FILSONHISTORICAL.ORG X 1892 KY THE MISSION OF THE FILSON HISTORICAL SOCIETY IS TO COLLECT, PRESERVE, AND SHARE THE SIGNIFICANT HISTORY AND CULTURE OF KENTUCKY AND THE OHIO VALLEY. THE FILSON IS COMMITTED TO THE WORK OF PRESERVATION ACCESS AND EDUCATION PURSUING EVER GREATER DIVERSITY, EQUITY, AND INCLUSION, ITS OPERATIONS ARE CHARACTERIZED BY EXCELLENCE, SERVICE, AND INTEGRITY. ITS VISION IS TO BE A NATIONALLY PREEMINENT HISTORICAL SOCIETY THAT INSPIRES ITS COMMUNITIES TO BUILD A STRONGER PRESENT AND FUTURE THROUGH LEARNING FROM THE PAST. 28 28 35 80 0 0 2978344 3014064 77007 107405 1007164 1226203 29837 13696 4092352 4361368 0 0 0 0 2043343 2164948 0 0 286181 1430957 1445056 3474300 3610004 618052 751364 41951258 46091998 93062 110934 41858196 45981064 X TO COLLECT, PRESERVE, AND SHARE THE SIGNIFICANT HISTORY AND CULTURE OF KENTUCKY AND THE OHIO VALLEY. 0 0 2791930 113254 THE FILSON'S EDUCATION AND DEVELOPMENT DEPARTMENTS OFFER MORE THAN 100 DIVERSE LECTURES AND EVENTS TO THE PUBLIC ANNUALLY. THE LECTURES ARE PRESENTED IN-PERSON AND VIRTUALLY BY EXPERTS AND BY NATIONALLY RECOGNIZED AUTHORS. THESE PRESENTATIONS INCLUDE THE PRESTIGIOUS GERTRUDE POLK BROWN LECTURE SERIES AND VARIOUS EDUCATION LECTURES THAT FOCUS ON OUR CULTURE AND HISTORY. MEMBERSHIP, ANNUAL FUND CONTRIBUTIONS, AND GRANT FUNDING ARE ALSO VITAL COMPONENTS OF SUSTAINING THE FILSON'S OPERATIONS. THE COLLECTIONS DEPARTMENT (LIBRARY, MANUSCRIPTS, PRINTS & PHOTOGRAPHS, AND MUSEUM OBJECTS) STEWARDS COLLECTIONS WITH SIGNIFICANT CONNECTION TO KENTUCKY AND THE OHIO RIVER VALLEY TO PRESERVE AND SHARE THE HISTORY OF OUR REGION. MATERIAL DATING FROM PRE-COLUMBIAN INDIGENOUS HISTORY THROUGH THE 21ST CENTURY IS PRESERVED, CATALOGED, AND MADE AVAILABLE TO IN-PERSON AND REMOTE RESEARCHERS. NEW MATERIALS ARE CONSIDERED FOR ACCEPTANCE INTO THE COLLECTION MONTHLY. RESEARCHERS VISIT THE FILSON FROM ACROSS THE UNITED STATES AND ABROAD TO USE COLLECTIONS FOR BOOKS, ARTICLES, NOVELS, PLAYS, SCHOOL PAPERS, FAMILY HISTORIES AND MORE. CITATIONS AND ACKNOWLEDGEMENTS TO FILSON COLLECTIONS REGULARLY APPEAR IN RESULTING WORKS. THE FILSON PRODUCES TWO PUBLICATIONS, THE FILSON NEWSMAGAZINE AND OHIO VALLEY HISTORY AND IS A CONSORTIUM MEMBER OF THE UNIVERSITY PRESS OF KENTUCKY. 2791930 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 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 46 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X MILOS D MALDONADO 5026355083 1310 SOUTH THIRD ST LOUISVILLE KY 40208 RICHARD HC CLAY PRESIDENT & CEO 40.00 X X 228494 0 10633 ANN WELLS CHAIR - DIRECTOR 4.00 X X 0 0 0 ANGELA EDWARDS SECRETARY - DIRECTOR 0.75 X X 0 0 0 BETH WISEMAN TREASURER - DIRECTOR 1.00 X X 0 0 0 PHILLIP BOND ASSISTANT TREASURER - DIRECTOR 0.50 X X 0 0 0 JOHN P STERN PAST CHAIR - DIRECTOR 0.25 X 0 0 0 ALAN KAMEI DIRECTOR 0.25 X 0 0 0 ANGELA CURRY DIRECTOR 0.25 X 0 0 0 ANN GEORGEHEAD DIRECTOR 0.25 X 0 0 0 ASHLEY NOLAND DIRECTOR 0.25 X 0 0 0 CARL M THOMAS DIRECTOR 0.25 X 0 0 0 CHRIS BROWN DIRECTOR 0.25 X 0 0 0 CLARK BUD ORR DIRECTOR 0.25 X 0 0 0 DANIEL GIFFORD DIRECTOR 0.25 X 0 0 0 ELIZABETH LIBBY VOYLES DIRECTOR 0.25 X 0 0 0 JAMES ALLEN DIRECTOR 0.25 X 0 0 0 JAMES KENNEY III DIRECTOR 0.25 X 0 0 0 JANE GOLDSTEIN DIRECTOR 0.25 X 0 0 0 JILL GOLDEN DIRECTOR 0.25 X 0 0 0 JIM HAYNES DIRECTOR 0.25 X 0 0 0 JOHN DAVID MYLES DIRECTOR 0.25 X 0 0 0 LINDY B STREET DIRECTOR 0.25 X 0 0 0 LYNN MOORE DIRECTOR 0.25 X 0 0 0 MADISON HAMMAN DIRECTOR 0.25 X 0 0 0 ORME SANDY WILSON III DIRECTOR 0.25 X 0 0 0 PHIL POINDEXTER DIRECTOR 0.25 X 0 0 0 SHELLIE BENOVITZ DIRECTOR 0.25 X 0 0 0 SUSAN DABNEY LAVIN DIRECTOR 0.25 X 0 0 0 TED STEINBOCK MD DIRECTOR 0.25 X 0 0 0 WESTRAY COBB DIRECTOR 0.25 X 0 0 0 MILOS D MALDONADO CHIEF FINANCIAL OFFICER FROM 3/23 40.00 X 90887 0 7900 DIANE CORNWELL INTERIM CONTRACT CFO TO 3/23 30.00 X 19000 0 0 JULIE SCOSKIE JAMES VICE PRESIDENT 40.00 X 142766 0 7814 481147 0 26347 2 0 1 0 0 327069 39361 2647634 131500 3014064 PROGRAMS 900099 74047 74047 PUBLICATIONS 900099 25240 25240 PUBLIC ARCHIVE ACCESS 900099 5441 5441 RESEARCH INCOME 900099 2677 2677 107405 1107120 1107120 13456 4519 8937 8937 8937 4433419 4314336 119083 119083 119083 26200 39361 27290 -1090 -1090 5257 6190 -933 -933 MISCELLANEOUS INCOME 900099 6782 6782 6782 4361368 113254 0 1234050 356914 167211 130099 59604 1509160 1241035 134607 133518 60502 45864 8409 6229 107563 87887 9611 10065 130809 99161 18181 13467 3475 1571 1836 68 27248 12318 14397 533 74771 74771 50920 46821 3646 453 187835 145965 21718 20152 52730 29678 21622 1430 63460 28689 33529 1242 270893 246059 12417 12417 37367 16893 19743 731 3537 1599 1869 69 413414 372072 20671 20671 46328 41337 2541 2450 PROGRAMMING 114443 114443 HISTORICAL COLLECTIONS 77349 77349 ARCHIVAL & MUSEUM SUPPL 14074 14074 DUES & SUBSCRIPTIONS 4212 1904 2226 82 3000 3000 3610004 2791930 531893 286181 355 355 2044120 1101975 1079170 2005460 39265 31028 16784398 6385847 10796398 10398551 19421051 23130315 8570899 9424314 41951258 46091998 93062 110934 93062 110934 X 29933089 31386981 11925107 14594083 41858196 45981064 41951258 46091998 X 751364 2518089 853415 X X 0 1 X 1 0 X 1531193 1713777 3023574 2978344 3014064 12260952 1531193 1713777 3023574 2978344 3014064 12260952 1387995 10872957 588152 445405 672444 1106863 1120576 3933440 17055 6693 9971 6782 40501 16234893 396117 0.66970 0.65070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 29979569 1537093 4377283 1396851 34497094 35821045 1696757 -6099225 1439008 29979569 32079027 483300 4284153 1025435 35821045 28074227 125534 3006339 1722472 29483628 24039658 1356319 3905598 1227348 28074227 0.59392 0.38436 0.02172 1 0 409500 409500 14433582 4927109 9506473 930878 814915 115963 1010438 643823 366615 10398551 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 9424314 9424314 X 7703750 2518089 7650 853415 3379154 4324596 74771 -37999 36772 4361368 3580882 7650 37999 45649 3535233 74771 74771 3610004 PART III, LINE 1A: THE SOCIETY'S HISTORICAL COLLECTION IS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SUCH AS ARTWORK AND MANUSCRIPTS. 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 COST OF OBJECTS PURCHASED IS INCLUDED AS AN EXPENSE IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE SOCIETY PURCHASED HISTORICAL OBJECTS FOR $38,602 AND $21,204, RESPECTIVELY. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. PART III, LINE 4: THE SOCIETY'S HISTORICAL COLLECTION IS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SUCH AS PHOTOGRAPHS AND MANUSCRIPTS. ITEMS ARE CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINOUSLY. THE FILSON HISTORICAL SOCIETY OPERATES WITH A PURPOSE TO COLLECT AND PRESERVE HISTORICAL MATERIALS, TO PUBLISH AND DISSEMINATE HISTORICAL INFORMATION AND TO STIMULATE THE PUBLIC'S INTEREST IN HISTORICAL INQUIRY. SUCH COLLECTION FURTHERS THIS MISSION. PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT ITS PROGRAMS AND OPERATIONS. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SOCIETY HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE SOCIETY 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: CHANGE IN VALUE OF BENEFICIAL TRUSTS 853,415. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -4,519. EVENTS EXPENSE -27,290. COGS -6,190. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 4,519. EVENTS EXPENSE 27,290. COGS 6,190. PART V, LINE 1A THE 2021 BEGINNING BALANCE OF THE ENDOWMENT WAS RESTATED TO REFLECT A RECLASSIFICATION/RESTATEMENT OF RESTRICTED NET ASSETS ON THE AUDITED FINANCIALS STATEMENTS BETWEEN BOARD DESIGNATED ENDOWMENT ASSETS AND BENEFICIAL INTEREST IN TRUST FILSON CLAY CLASSIC 65561 39361 26200 3533 13655 3484 6618 65561 39361 26200 3533 13655 3484 6618 27290 -1090 X X X 0 0 0 0 0 0 0 0 0 RICHARD HC CLAY PRESIDENT & CEO 228494 0 0 0 0 0 0 0 10633 0 239127 0 0 0 JULIE SCOSKIE JAMES VICE PRESIDENT 142766 0 0 0 0 0 7138 0 676 0 150580 0 0 0 PART I, LINE 3 IN ESTABLISHING THE COMPENSATION OF THE CEO, THE FILSON REVIEWED 990S OF OTHER NONPROFIT ORGANIZATIONS IN ORDER TO DETERMINE THE COMPENSATION PAID TO THEIR PRESIDENT AND CEO. FINAL COMPENSATION WAS APPROVED BY THE FILSON'S BOARD OF DIRECTORS. X 7500 RETAIL COST X 500 RETAIL COST X 7 117149 FMV ON DATE OF GIFT X 27 6351 RETAIL COST 0 0 1 0 PART I, COLUMN (B): NUMBER REPRESENTS NUMBER OF CONTRIBUTIONS. PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT CONTRIBUTIONS OF HISTORICAL TREASURES AS REVENUE BECAUSE THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTIONS AS ALLOWED UNDER SFAS 116 (ASC 958-360-25). FORM 990, PART VI, SECTION A, LINE 3 THE CFO FUNCTION WAS OUTSOURCED TO DIANE CORNWELL, AN UNRELATED INDEPENDENT CONTRACTOR FROM JANUARY 1, 2023 THROUGH MARCH 31, 2023. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT & CEO, CFO, TREASURER - FINANCE COMMITTEE REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED AT LEAST ANNUALLY BY EVERY OFFICER, DIRECTOR AND KEY EMPLOYEE. NO EXCEPTIONS TO REPORT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT & CEO IS APPROVED BY THE FILSON BOARD OF DIRECTORS. THE PROCESS INVOLVES AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE CHAIR OF THE BOARD AND THE CHAIR OF THE GOVERNANCE COMMITTEE, WITH A RECOMMENDATION TO THE FULL BOARD FOR APPROVAL. FOR OTHER LEADERSHIP TEAM EMPLOYEES, MULTIPLE COMPARABLES ARE PULLED FROM LIKE ORGANIZATIONS AND SIMILAR FIELDS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST IN BENEFICIAL TRUST 853,415. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. USE OF A FINANCE COMMITTEE COMPRISED OF THE BOARD TREASURER SERVING AS COMMITTEE CHAIR AND AT LEAST THREE ADDITIONAL VOTING BOARD MEMBERS. THE COMMITTEE REVIEWS INFORMATION AND REPORTS TO THE FULL BOARD OF DIRECTORS.