2025-08-13T10:12:40-05:00 2025-03-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2024-04-01 421170531 BRUCEMORE INC BRUC 3193627375 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 DAVID JANSSEN CEO 3193627375 2025-08-12 1 0 DAVID LITTLE P01480921 3193632697 2025-08-11 2024 2025-03-06 01:10:19Z DAVID JANSSEN 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 4387215 0 X WWW.BRUCEMORE.ORG X 1981 IA TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. 17 17 23 181 0 0 2417272 2331924 89422 174142 333601 952516 1463509 94760 4303804 3553342 0 0 0 0 818663 943310 0 0 124811 2465716 1115869 3284379 2059179 1019425 1494163 19584247 20738882 154504 173096 19429743 20565786 X TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS. 0 0 1659807 177639 BRUCEMORE SERVES LIFELONG LEARNERS, ADVENTURE SEEKERS, AND CULTURAL ENTHUSIASTS IN FOUR WAYS. FIRST, THE ORGANIZATION PRESERVES THE IRREPLACEABLE HISTORIC RESOURCES IN ITS CARE TO ENSURE THEY PROVIDE A CONNECTION TO THE PAST. THESE ASSETS INCLUDE AN 1886 MANSION; A SERIES OF SUPPORT BUILDINGS BUILT BEFORE 1915; A 26-ACRE LANDSCAPE DESIGNED BY RENOWNED ARCHITECT O.C. SIMONDS; AND THOUSANDS OF ARTIFACTS. SECOND, THE ORGANIZATION CREATES AND PROVIDES HERITAGE PROGRAMS CENTERED AROUND THE SIGNIFICANCE OF THE SITE AND ITS COLLECTION BASED ON THE PRINCIPLE THAT UNDERSTANDING CONTEMPORARY ISSUES REQUIRES A BROAD UNDERSTANDING OF OUR SHARED HISTORY. THIRD, THE ORGANIZATION ACTS AS AN ARTS AND CULTURE DRIVER BY PRODUCING, PARTNERING, AND PRESENTING THEATER, CONCERTS, AND OTHER COMMUNITY EVENTS AGAINST THE SETTING OF THE ICONIC, HISTORIC ESTATE. FOURTH, BRUCEMORE AIMS TO INCREASE PARTICIPATION AND IMPACT BY EXPANDING ONLINE CONTENT THAT REACHES VISITORS UNABLE TO VISIT THE PHYSICAL SITE OR WHO BELIEVE A HISTORIC SITE IS NOT FOR THEM, TO PROVIDE A GREATER DEPTH OF CONNECTION, AND TO BUILD ON THE WAYS THAT UNDERSERVED ARTISTS CAN BE SUPPORTED IN THEIR JOURNEY. 1659807 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 52 0 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA IL FL DC KS NM X DAVID JANSSEN 3193627375 2160 LINDEN DR SE CEDAR RAPIDS IA 52403 COFFEY LISHA PRESIDENT 1.00 X X 0 0 0 NEUMANN DOUG PAST PRESIDENT 1.00 X X 0 0 0 DEIGNAN PAT VICE PRESIDENT 1.00 X X 0 0 0 BRUNS KEVIN SECRETARY 1.00 X X 0 0 0 BURESH RYAN TREASURER 1.00 X X 0 0 0 ALMOAYYED JASMINE DIRECTOR 1.00 X 0 0 0 BERGSTROM BRIAN D DIRECTOR 1.00 X 0 0 0 GUSTIN JILL DIRECTOR 1.00 X 0 0 0 IGRAM SHADIA DIRECTOR 1.00 X 0 0 0 MATHIS III MARK DIRECTOR (UNTIL 12/31/24) 1.00 X 0 0 0 NJI AKWI DIRECTOR 1.00 X 0 0 0 REASONER CARROLL DIRECTOR 1.00 X 0 0 0 ROBERTS KRISTIN DIRECTOR 1.00 X 0 0 0 ROHDE CHARLIE DIRECTOR 1.00 X 0 0 0 SCHMIDT KIM DIRECTOR 1.00 X 0 0 0 SMITH JENNIFER DIRECTOR 1.00 X 0 0 0 STEINMETZ DOUG DIRECTOR 1.00 X 0 0 0 WILLIAMS SEAN DIRECTOR 1.00 X 0 0 0 JANSSEN DAVID CHIEF EXECUTIVE OFFICER 40.00 X 128961 0 3869 128961 0 3869 1 0 0 0 ACME ELECTRIC COMPANY 1060 CAPITAL DR SW CEDAR RAPIDS IA 52404 ELECTRICAL WORK 408910 RINDERKNECHT ASSOCIATES INC 1000 29TH AVENUE SW CEDAR RAPIDS IA 52404 GENERAL CONTRACTING 119956 2 143902 269044 615849 1303129 2331924 EVENT REVENUE 711130 105382 105382 TOUR REVENUE 900099 68760 68760 174142 393139 393139 34653 11 34642 34642 34642 1389056 820425 9254 568631 -9254 559377 559377 7680 4183 3497 3497 INSURANCE PROCEEDS 900099 54153 54153 MISCELLANEOUS 900099 2468 2468 56621 3553342 177639 0 1043779 134120 53649 26824 53647 648356 546190 60807 41359 16893 14452 1507 934 85016 65463 9351 10202 58925 45372 6482 7071 25750 25750 45947 45947 11879 10250 1629 34601 34601 22961 9035 8462 5464 61387 17887 42512 988 89995 74885 15110 10384 7547 2822 15 190402 190402 95391 92477 2914 COLLECTIONS CARE 308650 308650 EVENT EXPENSES 172358 172358 46164 26839 15823 3502 2059179 1659807 274561 124811 122570 1354567 3266410 3248826 1500000 1750000 1390622 727809 4540 5336 5370845 2250934 2800978 3119911 10470935 10504203 28192 28230 19584247 20738882 96234 164968 49760 4429 8510 3699 154504 173096 X 6159305 5362483 13270438 15203303 19429743 20565786 19584247 20738882 X 1494163 -358170 50 X X 0 1 X 1 0 X 1420661 1089454 2518601 2417272 2331924 9777912 1420661 1089454 2518601 2417272 2331924 9777912 2206247 7571665 163980 227538 245605 371021 427781 1435925 308322 579552 893840 1627822 64301 3473837 14687674 389516 0.51550 0.42540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2020 AMOUNT: $ 31,215. 2021 AMOUNT: $ 86,758. 2022 AMOUNT: $ 73,756. 2023 AMOUNT: $ 92,304. GIFT SHOP SALES - 2020 AMOUNT: $ 538. OTHER INCOME - 2020 AMOUNT: $ 4,561. 2021 AMOUNT: $ 4,716. 2022 AMOUNT: $ 9,070. 2023 AMOUNT: $ 14,937. 2024 AMOUNT: $ 10,148. INSURANCE PROCEEDS - 2020 AMOUNT: $ 272,008. 2021 AMOUNT: $ 488,078. 2022 AMOUNT: $ 811,014. 2023 AMOUNT: $ 1,520,581. 2024 AMOUNT: $ 54,153. SECTION B LINE 1 PER THE ORGANIZATION'S BYLAWS, THE CURRENT BOARD OF TRUSTEES VOTE TO FILL VACANCIES ON THE BOARD WITH THE EXCEPTION OF THE VERY FIRST BOARD OF TRUSTEES WHICH WERE APPOINTED BY THE NATIONAL TRUST FOR HISTORIC PRESERVATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 10638820 443894 391117 46197 10645400 9778667 1289086 383000 45933 10638820 10919523 -695226 400820 44810 9778667 11065958 285938 384803 47570 10919523 7830794 3668671 390107 43400 11065958 0.00000 0.70000 0.30000 1 0 4748505 1779397 2969108 592033 444855 147178 30307 26682 3625 3119911 EQUITY INVESTMENTS 6816197 F REAL ASSETS 518069 F FIXED INCOME INVESTMENTS 3169937 F 10504203 LEASE LIABILITY - FINANCING 3699 3699 X 3231166 -358170 81891 39 -276240 3507406 45947 -11 45936 3553342 2095123 81891 81891 2013232 45947 45947 2059179 PART III, LINE 1A: THE CORPORATION'S COLLECTIONS, WHICH HAVE BEEN DONATED TO OR ACQUIRED BY BRUCEMORE, INC. SINCE 1981, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. COLLECTION EXPENSES AND COLLECTION ITEMS PURCHASED ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASS. PART III, LINE 4: THE CORPORATION'S COLLECTIONS AND WORKS OF ART ARE MADE UP OF VARIOUS ARTIFACTS, INCLUDING FURNITURE, PAINTINGS, PHOTOGRAPHS, DECORATIVE ART, BOOKS, AND OTHER OBJECTS OF HISTORICAL SIGNIFICANCE. PART V, LINE 4: THE CORPORATION'S ENDOWMENT WAS ESTABLISHED TO SUPPORT CAPITAL, PROGRAMMING, AND THE GENERAL OPERATING NEEDS OF THE CORPORATION. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE CORPORATION AS A PRIVATE FOUNDATION. THE CORPORATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE CORPORATION FOLLOWS THE ACCOUNTING STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 39. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -11. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE CORPORATION'S TREASURER. THE TREASURER THEN SUBMITS IT TO THE FINANCE COMMITTEE FOR REVIEW. ALL BOARD MEMBERS ARE PROVIDED WITH AN ELECTRONIC DRAFT OF THE FORM 990 PRIOR TO FILING. THE TREASURER REPORTS THE COMPLETION AND FILING OF THE FORM 990 AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS SERVING THE ORGANIZATION. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY ANNUALLY REQUESTING A WRITTEN LISTING OF ANY POTENTIAL CONFLICTS TO BE PROVIDED BY EACH BOARD MEMBER, OFFICER, DIRECTOR OR KEY EMPLOYEE. A COPY OF THE POLICY IS ALSO INCLUDED IN THE BOARD ORIENTATION MATERIALS AND THE STAFF HANDBOOK. ACTUAL OR POTENTIAL CONFLICTS ARE REQUIRED TO BE REPORTED TO THE BOARD PRESIDENT AS THEY ARISE. THE BOARD PRESIDENT SHALL THEN MAKE THE DETERMINATION AS TO WHETHER A CONFLICT EXISTS. PERSONS WITH A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE BOARD OF TRUSTEES FOR THE RELATED TRANSACTION. KNOWINGLY VIOLATING THE CONFLICT OF INTEREST AND APPEARANCE OF IMPROPRIETY POLICY MAY RESULT IN TERMINATION FROM THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO CORRELATES TO PERFORMANCE AND SUCCESSFUL COMPLETION, OR LACK THEREOF, OF GOALS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE ORGANIZATION'S PRESIDENT AND EXECUTIVE COMMITTEE REVIEW PERFORMANCE WITH THE CEO AT THE END OF THE YEAR AND MAKE COMPENSATION DECISIONS ON BEHALF OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PERFORMANCE OF THE CEO ANNUALLY AND APPROVES ANY CHANGES TO COMPENSATION FOR THE POSITION. COMPENSATION IS REVIEWED FOR REASONABLENESS USING COMPARABLE DATA FROM AVAILABLE WAGE SURVEYS PUBLISHED BY STATE, COUNTY AND LOCAL AGENCIES. DELIBERATIONS AND DECISIONS OF THE EXECUTIVE COMMITTEE ARE RECORDED IN THE MEETING MINUTES AS WELL AS A SIGNED DOCUMENT FOR PAYROLL PROCESSING RECORDS. THE PROCESS OF REVIEWING COMPENSATION FOR THE CEO WAS LAST CONDUCTED IN JANUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 BRUCEMORE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 39. RENT EXPENSES 11. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. NATIONAL TRUST FOR HISTORIC PRESERVATION 2600 VIRGINA AVE NW STE 1100 WASHINGTON DC 20037 530210807 HISTORIC PRESERVATION DC 501(C)(3) LINE 8 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 NATIONAL TRUST FOR HISTORIC PRESERVATION C 269044