Montour County Historical Society

“There are several family relationships within the organizations membership.”

“The organization has officers, board members, committee members and volunteers that are all considered members.”

“The board members and officers are elected by the membership at the annual meeting.”

“Only the officers and board members can vote on operational and governance decisions. If a committee is working on a project, it must bring any major decisions to the board for approval.”

“Once the return is prepared and ready to be filed, it is made available for the board members to review. The return is not submitted until one week has passed as long as this does not cause the return to be filed late.”

“All officers and board members are non paid volunteers.”

“The organization is 100% operated by non paid volunteers. However, if any employees or subcontractors are hired, the board must vote on the candidates and approve the rate of compensation before hired.”

“Meeting minutes are recorded at all board meetings and available upon request.”

“The committees do not have any decision authority so are not required to have written meeting minutes. Any related decisions are made by the board of directors and documented at their monthly meetings.”

“Montour county historical society elects to make the de minimis safe harbor election under the regulation 1.263(a)-1(f).”

“Montour county historical society hereby adopts for book and federal income tax purposes the following policy regarding capitalization expenses for the year beginning january 1, 2024. In accordance with the internal revenue code sections 167 and 168 and related regulations montour county historical society has determined that amounts whose individual cost (including tax installation and delivery costs) does not exceed $2,500 will be deducted as incurred as operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaptation or restoration rules used by the internal revenue service and will be capitalized or expensed as incurred as a result of the application of those rules.”

“Dues & memberships 452. 452. 0. 0.”

“Utilities 9680. 9680. 0. 0.”

“Archival supplies 1305. 1305. 0. 0.”

“Maint & cleaning 1000. 1000. 0. 0.”

“Security service 2013. 2013. 0. 0.”

“Property repairs & maint 4807. 4807. 0. 0.”