Cape Cod Pilgrim Memorial Association of Provincetown

“The collection items consist of objects that are held for educational and curatorial purposes and that have significance to the history and culture of outer cape cod. The association maintains a collection policy which requires collections to be registered and documented in a timely manner and that collections are maintained in a manner and environment that ensures its best preservation.”

“The collection items consist of objects that are held for educational and curatorial purposes and that have significance to the history and culture of outer cape cod. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The artifacts are displayed in the museum, available to researchers and loaned to other institutions.”

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The organization is also exempt from state income taxes. The financial accounting standards board ('fasb') issued a standard that clarifies the accounting and recognition of income tax positions taken or expected to be taken in the organization's tax returns. The organization assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. If the organization incurs interest or penalties as a result of unrecognized tax benefits the policy is to classify interest accrued with interest expense and penalties thereon with supporting services expenses. The organization's tax filings are subject to audit by various taxing authorities. The organization's federal and state tax returns are generally open for examination for the past three years.”

“Gross up of functional expenses from financial statements”

“Gross up of auxillary functions from financial statements”

“Part xi and xii - reconciliation of revenues and expenses auxillary functions were recorded on financial statements at net. Grossed up for form 990.”