B J Palmer Historic Home Foundation

“Entire board is made up of non-compensated volunteers. Board members are now independent and unrelated by blood or marriage.”

“There is no compensation paid to officers or board members. Restoration and maintenance of the museum are the top priority at this point. The board now maintains documentation and minutes at most meetings.”

“There is no compensation paid to officers or board members. Restoration and maintenance of the museum are the top priority at this point. The board now maintains documentation and minutes at most committee meetings.”

“There is no compensation paid to officers or board members at the present time. Restoration and maintenance of the museum are the top priority at this point. The board has been made aware of the need for a governing body review and the auditing of its financial records.”

“The board accepted the standard conflict of interest policy recommended by the internal revenue service.”

“Form 990 is available on guidestar.org and 990.org. Other requests for information can be requested directly from exempt entity.”

“Form 990 is available on guidestar.org and 990.org. Others requests for information can be requested directly from exempt entity.”

“The organization was renting out the living quarters of the museum in order to supplement expenses. This was still not enough to break-even, and the entire property was sold in 2021 due to lack of funding. Since the rental income received resulted in a net rental loss after allocating expenses, there is no income to report on form 990-t.”

“The museum rented out its facilities to individuals and organizations in order to raise funds to support its core mission which is the preservation of the museum and its history.”

“Depreciation and increase in valuation account for asset differences.”

“Most of these expenses relate to the updating and restoration of the museum to its original pristeen condition.”