Old Sturbridge Inc DBA Old Sturbridge Village

“In accordance with other presentation matters - general (subtopic 360-45): disclosure of art, historical treasures, and similar assets, osv does not capitalize its collections as an asset in the statements of financial position. Museum collections include antique buildings, artwork and objects that are held for educational, research and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Periodically, osv determines that some collections are not appropriate to the museum's purpose and will sell or de-access certain pieces. The de-accession proceeds are to be utilized as determined by the board of trustees for future collection acquisitions unless the original donor has specified a restriction on the de-accession proceeds.”

“The collections of old sturbridge village include the cultural artifacts, research library, visual resource library (photographic), archives, archaeological, historic structures, and living (both livestock and plant) collections. Each of these collections is vital to the museum's mission and supports its commitment to preserving, researching and interpreting the history and life of rural new england.”

“Osv's endowment consists of numerous funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. As required by u.s. Gaap, net assets associated with endowment funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed or legal restrictions. Osv classifies as net assets with donor restrictions (a) the original value of gifts donated in perpetuity, (b) the original value of subsequent gifts in perpetuity, and (c) accumulations to the endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund remains until those amounts are appropriated for expenditure by osv in a manner consistent with the standard of prudence prescribed by massachusetts law. In accordance with the uniform prudent management of institutional funds act, osv may consider the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: - the duration and preservation of the fund. - the purposes of the organization and the donor-restricted endowment fund. - general economic conditions. - the possible effect of inflation and deflation. - the expected total return from income and the appreciation of investments. - other resources of the organization. - the investment policies of osv. Osv has adopted investment and spending policies for its board designated fund assets that attempt to provide a predictable stream of funding for its programs, while seeking to maintain the purchasing power of the endowment assets. Under this policy, as approved by the board of trustees, the endowment assets are invested in a manner that is intended to produce an average annual real total return, net of investment management fees, of greater than 5% over a rolling three-year period. In establishing this policy, osv considered the long-term expected return on its endowment. To satisfy its long-term rate-of-return objectives, osv relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest, dividends, etc.). Osv has a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. Osv's board of trustees established an investment spending policy. Under this policy, the board of trustees appropriated 5% of the average market value of osv's investment portfolio over the previous twelve quarters for operations.”

“Osv accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Osv has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at september 30, 2024. Osv's information and tax returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

“Change in value of split interest agreements 79,934.”