Plimoth Patuxet Museums Inc.

“Plimoth's collections are made up of artifacts of historical significance 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. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. The collections, which were acquired through purchases and contributions since plimoth's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as temporarily or permanently restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes.”

“Plimoth plantation's mission is to increase understanding of the native wampanoag people of southeastern massachusetts and the english colonists, the impact of colonization on wampanoag land and culture, and to explore the continuing significance of the plymouth colony story to american history. To this end, the institution has four collections to help further the museum's purpose: original artifacts, library and archives, reproduction artifacts, and living collections. Original artifacts are divided into three groups: archaeology, objects typical of 17th-century pilgrim life, and pilgrim memorabilia. - the native american archaeological collection is comprised of approximately 20,000 artifacts, mostly lithics, representing the material culture of southeastern new england. 10,000 artifacts, with excavation notes, represent 27 local sites in plymouth county. 9,000 artifacts are surface finds from southern massachusetts, while the remainder is comparative material from other areas. Also in the museum's holdings are approximately 30,000 colonial american artifacts excavated from local 17th century sites. The museum owns five assemblages, and serves as steward for an additional six. The objects collection is comprised of historic and non-provenanced archaeological material which represent artifacts of a type the english colonists would have known: 300 ceramics, 75 pieces of furniture, 40 glass objects to represent domestic life; 500 wooden and iron implements which represent craft, farming, fishing and navigational tools, as well as armor; and 350 16th and 17th-century prints and 12 paintings help us interpret daily life in the 17th century. - the 400-object pilgrim memorabilia collection includes 19th and 20th century items related to tourism and interest in the pilgrims and wampanoag. Included are prints, postcards, coins and souvenir ceramics. Library and archival collections provide support material for the study of 17th-century life. The library is made up of 6400 books, 130 rare books, 8700 periodicals and 4300 items in the vertical file, and is open to staff, and researchers by appointment. Eighteen linear feet of institutional archives document how plimoth plantation has evolved over the past 60 years. Reproduction collections include the basic framework for our living history interpretation: 20 reproduced houses and 3 native structures representing the types of housing in plymouth in 1627; one ship (mayflower ii) and several boats and canoes. The structures are filled with over 7,000 artifacts used to create authentic interiors and for living history interpretation. Costumed staff wear over 2,200 items of reproduction clothing. The artifacts used at the wampanoag homesite are not just reproductions produced by wampanoag and other native artisans, they represent the continuation of ancient craft traditions. Living collections of 7 rare and minor breeds animals represent the animals present in plymouth documented in the 1627 cattle division. They are used in living history interpretation. The original collections are primarily used for research. They provide staff with invaluable source material for recreating 17th-century life, and are extensively used by our curators, artisans and interpreters. The visual works are not only sources of period interiors, but also show details of objects and everyday activities which are copied in our living history interpretation. Objects, both archaeological and historical, are used by our artisans to study construction information and as models for reproduction objects used at both the wampanoag homesite and 1627 english village. Collections are available for study by serious researchers by appointment. Historians, archaeologists and conservators have examined objects from our collections, ranging from lithics to window leads to clay pipes. Items from the originals, archeaology and rare book collections are at times displayed in the museum's exhibition. Collections are also available for”

“Security deposits for two properties rented to individuals.”

“4.5% of the total market value calculated by a previous 12 quarters average is drawn annually to be used according to the donors' restrictions.”

“Plimoth follows fasb asc 740, income taxes, which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. Plimoth recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated plimoth's tax positions and concluded that plimoth has no material uncertainties in income taxes as of december 31, 2017 and 2016. Plimoth is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2014. Plimoth will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense.”

“Net loss on interest rate swap agreement -13,800.”

“Cost of goods sold reported on form 990, part viii, line 10b -1,724,408.”

“Cost of goods sold reported on form 990, part viii, line 10b 1,724,408.”