| Pt III, Line 2 |
Creation of a storefront Moogseum began as we signed a lease on a gallery space in downtown Asheville, commissioned conceptual renderings, and identified three nationally recognized exhibit designers to assist us in building four technologically rich experiential exhibits. We began organizing over 1,000 pieces of archival material for display in the Moogseum, which opens May 2019. The Moogseum was established as an LLC with the Bob Moog Memorial Foundation for Electronic Music, Inc. being the sole member. The Moogseum, LLC is a disregarded entity for tax purposes. |
| Pt VI, Line 11b |
The 990 is prepared by independent accountants, reviewed by management, presented to the Board for review, proposed revision and final approval. |
| Pt VI, Line 12c |
Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue. |
| Pt VI, Line 15a |
In the annual budgeting process, the Board approves a budget line for aggregate salary expense, including the Executive Director's salary. This is done after a check of comparable salary information for nonprofit organizations. |
| Pt VI, Line 18 |
Forms 1023 and 990 are available upon request. |
| Pt VI, Line 19 |
Governing documents, conflict of interest policy and financial statements are available upon request. |
| Pt VIII |
Because of its expertise in Moog Synthesizers, the Bob Moog Foundation received a request to broker a sale of a Moog instrument from an individual's estate in Great Britain to a U.S. citizen. The Foundation received a broker's fee of $220,000. This was a unique, one-time event for the Foundation. |
| Form 990, Part IX, Line 24e |
Licenses and Permits 295. 243. 21. 31. |
| Form 990, Part IX, Line 24e |
Moving Expenses 1038. 519. 519. 0. |
| Form 990, Part IX, Line 24e |
Thank you gifts 861. 709. 61. 91. |
| Form 990, Part IX, Line 24e |
Meals & Entertainment 1072. 882. 76. 114. |
Attach to Form 990 or 990-EZ.