Governing body meeting documentation Part VI line 8a |
THE NATIONAL SLAVERY MUSEUM, IN 2015, WAS IN THE PROCESS OR REORGANIZATION, WHICH INCLUDES FINALIZING AND EXITING BANKRUPTCY PROCEEDINGS, HAVING THE EXEMPT STATUS REINSTATED BY THE INTERNAL REVENUE SERVICE, AND CREATING AND OPERATIONAL PLAN FOR THE FUTURE. THE MUSEUM HELD NO FORMAL MEETINGS...THUS THE TAKING OF COMPANY MINUTUES WERE NOT OF NECESSITY. |
Committee meeting documentation Part VI line 8b |
THE NATIONAL SLAVERY MUSEUM, IN 2015, WAS IN THE PROCESS OR REORGANIZATION, WHICH INCLUDES FINALIZING AND EXITING BANKRUPTCY PROCEEDINGS, HAVING THE EXEMPT STATUS REINSTATED BY THE INTERNAL REVENUE SERVICE, AND CREATING AND OPERATIONAL PLAN FOR THE FUTURE. THE MUSEUM HELD NO FORMAL MEETINGS...THUS THE TAKING OF COMPANY MINUTUES WERE NOT OF NECESSITY. |
Form 990 governing body review Part VI line 11 |
THE NATIONAL SLAVERY MUSEUM, IN 2015, WAS IN THE PROCESS OR REORGANIZATION, WHICH INCLUDES FINALIZING AND EXITING BANKRUPTCY PROCEEDINGS, HAVING THE EXEMPT STATUS REINSTATED BY THE INTERNAL REVENUE SERVICE, AND CREATING AND OPERATIONAL PLAN FOR THE FUTURE. THE MUSEUM HELD NO FORMAL MEETINGS...THUS THE TAKING OF COMPANY MINUTUES WERE NOT OF NECESSITY. BECAUSE THE MUSEUM IS STILL IN THE REORGANIZATION PROCESS, THE 990 WAS NOT CIRCULATED TO THE GOVERNING BODY BEFORE FILING IN ORDER TO STREAMLINE THE REORGANIZATION PROCESS. ONCE THE MUSEUM IS OPERATIONAL, THE PROCESS PROVIDED A COMPLETE COPY OF THE 990 TO ALL MEMBERS OF THE GOVERNING BODY WILL BE IMPLEMENTED. |
Governing documents etc available to public Part VI line 19 |
THE NATIONAL SLAVERY MUSEUM, IN 2015, WAS IN THE PROCESS OR REORGANIZATION, WHICH INCLUDES FINALIZING AND EXITING BANKRUPTCY PROCEEDINGS, HAVING THE EXEMPT STATUS REINSTATED BY THE INTERNAL REVENUE SERVICE, AND CREATING AND OPERATIONAL PLAN FOR THE FUTURE. THE MUSEUM HELD NO FORMAL MEETINGS...THUS THE TAKING OF COMPANY MINUTUES WERE NOT OF NECESSITY. BECAUSE THE MUSEUM IS STILL IN THE REORGANIZATION PROCESS, THE 990 WAS NOT CIRCULATED TO THE GOVERNING BODY BEFORE FILING IN ORDER TO STREAMLINE THE REORGANIZATION PROCESS. ONCE THE MUSEUM IS OPERATIONAL, THE PROCESS PROVIDED A COMPLETE COPY OF THE 990 TO ALL MEMBERS OF THE GOVERNING BODY WILL BE IMPLEMENTED. IN ADDITION, THE TAX RETURN IS AVAILABLE TO PUBLIC UPON REQUEST. |
Explanation of other changes in net assets or fund balances Part XI line 9 |
On 04/22/2015 - National Slavery Museum executed a court settlement to Diamond Nation, to convey Land (book value of $15,762,145), Buildings (book value of $1,701,538), and Garden (book value of $50,457) less accumulated depreciation of $25,565, for a total settlement of $400,000. This resulted in reduction of Net Asset of $17,488,575 |
List of other expenses Part IX line 24e |
In 2015 the National Slavery Museum was party to a settlement agreement with Lois Jacob, Commissioner of Revenue for the City of Fredericksburg (Jacob), and the City of Fredericksburg, a Virginia municipal corportation (City). In this agreement NSM agreed to convey title of land owned by NSM to Diamond Nation free and clear of all liens except for the Citys tax lien and a lien by Pei Partnership. The settlement amount was for $400,000. From the settlement proceeds NSM paid $33,190.33 worth of settlement related expenses such as Grantors tax, Grantees Tax, and recording fees. In addition, NSM agreed to pay the City of a sum of $8,000 as credit towards court-ordered sanctions. The $33,190.33 and $8,000 referenced above represent the total $41,190 represented on Part IX, line 24e. |