Totals
- Total revenue
- $1,925,571
- Total expenses
- $323,734
- Contributions and grants received
- $1,752,676
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $172,894
- Total assets, end of year
- $15,911,769
- Total liabilities, end of year
- $46,103,030
- Net assets or fund balances, end of year
- -$30,191,261
- Program services expenses (Part IX)
- $296,230
- Management and general expenses
- $27,504
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $296,230
Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
JOSEPH P RILEY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LAWRENCE O THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARY ANN SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT E BRANAN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
VIRGINIA DEERIN
MAJOR GIFTS OFFICER
- Total calculated
- $161,385
- From this org
- $153,725
- From related orgs
- $0
- Other
- $7,660
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $153,725
- Bonus
- $0
- Other
- $0
- Deferred
- $7,660
- Nontaxable benefits
- $0
- Filer's total
- $161,385
-
TONYA MATTHEWS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $233,385
- From this org
- $221,730
- From related orgs
- $0
- Other
- $11,655
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $221,730
- Bonus
- $0
- Other
- $0
- Deferred
- $11,655
- Nontaxable benefits
- $0
- Filer's total
- $233,385
-
MARCO CORONA
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $173,607
- From this org
- $165,357
- From related orgs
- $0
- Other
- $8,250
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $165,357
- Bonus
- $0
- Other
- $0
- Deferred
- $8,250
- Nontaxable benefits
- $0
- Filer's total
- $173,607
-
DIANNE FIRMENT CHIEF FINANCIAL OFFI
CHIEF FINANCIAL OFFICER
- Total calculated
- $166,435
- From this org
- $156,730
- From related orgs
- $0
- Other
- $9,705
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $156,730
- Bonus
- $0
- Other
- $0
- Deferred
- $9,705
- Nontaxable benefits
- $0
- Filer's total
- $166,435
-
JOHN ANDERSON
CHIEF OPERATING OFFICER
- Total calculated
- $167,921
- From this org
- $153,756
- From related orgs
- $0
- Other
- $14,165
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $153,756
- Bonus
- $0
- Other
- $0
- Deferred
- $14,165
- Nontaxable benefits
- $0
- Filer's total
- $167,921
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- INTERNATIONAL AFRICAN AMERICAN MUSEUM IS THE RELATED ORGANIZATION THAT PROVIDED COMPENSATION TO PERSONS LISTED IN PART VII, SECTION A.
- PART I, LINE 3:
- THE IAAM CEO COMPENSATION WAS DETERMINED THROUGH THE EXECUTIVE COMMITTEE'S SURVEY AND REVIEW OF THE SALARIES OF CEOS OF RELATIVELY COMPARABLE INSTITUTIONS IN THE LOCAL AREA, SUCH AS THE CHARLESTON MUSEUM,THE GIBBES, THE AQUARIUM, HISTORIC CHARLESTON FOUNDATION, THE COASTAL COMMUNITY FOUNDATION, ETC. ALONG WITH A REVIEW OF CEO COMPENSATION OF THOSE ENTITIES. THE EXECUTIVE COMMITTEE TOOK INTO ACCOUNT THE RELATIVE DUTIES OF THE CEOS, CONSIDERING SUCH MATTERS AS FUNDRAISING RESPONSIBILITY, MANAGEMENT SUPPORT FOR THE CEOS, STAFF CURRENTLY UNDER MANAGEMENT, PROJECTED STAFF UNDER MANAGEMENT AND UNIQUE CHALLENGES (E.G. RESPONSIBILITY FOR OVERSIGHT OF BUILDING DESIGN AND CONSTRUCTION, AND PROGRAMMING; RESPONSIBILITY FOR PARTNERSHIP WITH THE CITY STAFF; PUBLIC ENGAGEMENT).
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INTERNATIONAL AFRICAN AMERICAN MUSEUM
501(C)(3) · MUSEUM · SC · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322419349300332
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