Dr Bobs Home

“The organization holds a collection of items related to the historic residence of dr. Robert h. Smith and the founding of alcoholics anonymous. The organization has accumulated this collection over many years, much of it by donation. In recent years, the organization changed its policy and began recording the cost or fair market value of items as display items in the accompanying statements of financial position. However, all items acquired prior to this change of policy have not been quantified and thus are not reflected in the accompanying statements of financial position as the cost or fair market value at time of acquisition cannot be determined.”

“All collection pieces pertain to the founding of alcoholics anonymous and it's co-founder dr. Robert smith. The pieces are used for educational and inspirational purposes.”

“The funds are used by the organization for emergency purposes, which can include repairs and refurbishments to the facility.”

“The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the organization, of which there were none in 2015 and 2014, are recorded in operating expenses.”