Museum of the American Revolution

“Moar has adopted the policy of not capitalizing either purchased or donated collection items and therefore the value of moar's collection is not included on the statements 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 decreases in temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Moar follows standard practice in the field in the care and conservation of its collection.”

“Over the course of nearly a century, the valley forge historical society assembled a rich collection of several thousand historical objects, works of art, manuscripts and printed works from the period of the american revolution. The collection was transferred to moar in 2003 and has continued to grow through gifts of collection items and purchases. The collection includes items that reflect the social, economic, religious, political and military history of the american revolution, as well as items that document the commemoration and popular memory of the era through the 20th century. The collection is being maintained for public exhibition, education, and research in furtherance of public service, rather than for financial gain. Moar is using its collection in a new, nationally significant museum, which opened in april 2017, to bring to life the full story of the american revolution.”

“The board of directors has several standing board policies that designate, from net assets without donor restrictions, board-designated endowments and reserves, which are for long-term investment to fund moar programs. $211,830 of the donor resticted funds, are to be used for awards with the remaining endowments with donor restrictions to be used to support general operations.”

“The internal revenue service has classified moar as exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("code"); as an organization, contributions to which are deductible under section 170(c) of the code; and as an organization that is not a private foundation as defined in section 509(a) of the code. Therefore, no provision for income taxes has been included in these financial statements. U.s. Gaap requires management to evaluate tax positions taken and recognize a tax liability, if moar has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by moar and has concluded that for the years ended september 30, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Moar recognizes accrued interest and penalties associated with uncertain tax positions, if any. There were no income tax related interest and penalties recorded for either of the years ended september 30, 2024 or 2023.”

“Investment income 3,736,251. Loss on disposal of fixed assets -17,461.”

“Depreciation 4,179,927. Acquisition of collection items 135,293.”