Explorations in Antiquity Inc

“Collections: in 2013, the center entered into a general loan agreement with the israel antiquities authority (iaa). The agreement provides the center with a collection of historical artifacts which will be on public exhibition and loan to the center for a period of ten years. The collection is made up of artifacts of historical significance and are objects that are held for educational and curatorial purposes. The title of the artifacts shall remain in the name of iaa and the center is prohibited from making any other form of representation. Therefore, the artifacts are not included on the statements of financial position of the center.”

“The biblical life artifacts gallery is an amazing opportunity to peer back across the ages to see what daily life was like in ancient times. The 250 artifacts from the national treasures of israel, on long-term collection from the israel antiquities authority, are exhibited in life-like settings. We are privileged to be one of only eight museums in the world, and the only one in the southeast us, to have such a collection. Life of the shepherd: see artifacts dating as far back as the paleolithic period through the period of the patriarchs and matriarchs. Stone age tools, iron age pottery, and more can be seen here. Life of the farmer: ancient millstones as well as old farming implements are part of this display. Old testament period tomb: learn more about burial practices in old testament times through this replica of a real tomb found in jerusalem, including funeral artifacts. New testament period tomb: this exhibit includes three herodian period bone boxes, as well as a tomb door. Old testament period house: peer into a house from ancient times and see pottery, oil lamps, storage jars, and more. New testament period house: in the roman period house, visitors see coins, column bases and capitals, glass containers, pottery, and byzantine period pieces including pieces of a chancel screen and holy water font. Life of the fisherman: ancient anchors, net weights and more help offer a better understand fishing practices around the sea of galilee, as well as the murex shell industry of the mediterranean. Undersea ship disaster exhibit: see amphorae and other storage jars that were found in underwater archaeological excavations.”

“Endowment to support the activities of the organization.”

“Fasb asc 740-010, income taxes, addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the center may recognize the tax benefit from an uncertain tax position only if it is more likley than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax position include the tax-exempt status of the center and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended december 31, 2022 and 2020.”

“Investment expenses 10,367”