The Museum of the Bible Inc

“The museum's collections consist of donated and purchased biblical artifacts, facsimiles and restoration costs for items held for public exhibition, education, or research in the furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for and preserved in perpetuity and, as a result, their service potential is undiminished. In conformity with accounting policies generally followed by museums with similar collections, the value of the museum's collections has been excluded from the statement of financial position, and gifts of artifacts are excluded from revenue in the statement of activities. Purchases of artifacts for the collection by the museum are recorded as decreases in net assets in the statement of activities as with or without donor restrictions based on the restriction of the donor. Proceeds from the deaccession of biblical artifacts are recorded as net assets with donor restrictions and are restricted to the acquisition of other biblical artifacts.”

“The museum's collections consist of biblical artifacts that are held for public exhibition, education or research in the furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for, and preserved in perpetuity and, as a result, their service potential is undiminished.”

“The endowment's investment earnings are allocated in a reasonable and balanced way between current distribution and reinvestment for future earnings. Distributions should provide a reasonably stable and predictable source of funds for the activities of the museum that are supported by the endowment. Subject to ok upmifa (to the extent applicable), the annual distributable funds from the endowment will be no more than 4.5%. The distribution percentage rate will be defined using a three-year investment average. Until an endowment has been invested for three years, the annual average will be used after the initial 12 months. Specific gifts may be excluded from averaging and/or be subject to other distribution rules, when explicitly directed by the donor or by a 75% approval of the board of directors. The museum's policy permits spending from underwater endowment funds when deemed prudent by 75% of the board of directors. Distributions will be made annually, and endowments may be held for more than 12 months based on the date of the charitable gift.”

“The Museum is an organization exempt from federal income tax pursuant to section 501(a) of the Internal Revenue Code (the Code) as an organization described in section 501(c)(3) of the Code and is a publicly supported organization. Provision has been made, when material, for any taxes due on unrelated business income. Management has evaluated their tax positions and concluded they have taken no uncertain tax positions that require recognition or disclosure in the financial statements.”

“Fundraising Event Expenses - 896128 Cost of Goods Sold - 1587328 Rental Expenses - 786469”

“Cost of Goods Sold - 1587328 Fundraising Event Expenses - 896128 Rental Expenses - 786469”