Benjamin Harrison Presidential Site Inc

“The organization does not include the conservation easement in its revenue and expenses or balance sheet.”

“The site owns, displays and preserves certain personal artifacts and belongings of president benjamin harrison and his forebearers. The collections of the site include such items as personal property and historical papers and other documents of historic value. Each of the items is cataloged, preserved and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections and to preserve artifacts. The sites collections, which are acquired through purchases and contributions since the site's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases is unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate asset class.”

“To maintain the home of benjamin harrison, the 23rd president of the united states, at 1230 n delaware street in the city of indianapolis, indiana, as a national historic landmark in the style and manner befitting the home of this former president; to display this home to the general public as an educational and historical service; to preserve any personal property, papers, or historical documents of president benjamin harrison or relating to him and his service to the state of indiana and to the united states of america; to promote patriotism and citizenship through appropriate educational activities, such as lectures, meetings and publication of books and paper relating to the life and times of president benjamin harrison, and to obtain personal property of president benjamin harrision, or property relating to the life and times of benjamin harrison and his forebearers by solicitation or otherwise for educational displays in the benjamin harrison presidential site and other appropriate places.”

“Net earnings from the endowment fund are used to support the operations of the museum including the preservation, operation and maintenance of the site's real property and improvements.”

“The site is organized as a not-for-profit corporation under section 501(c)(3) of the united states internal revenue code and similar state law. As such, the site is generally exempt from income taxes. However, the site is required to file federal form 990 return of organization exempt from income tax and a corresponding state return, which are informational returns only. The site is subject to routine audits by taxing jurisdictions. However, as of the date the financial statements were available to be issued, there were no audits for any tax periods in progress. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the site and recognize a tax liability if the site has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the site and has concluded that as of december 31, 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 accompanying financial statements.”

“Cost of goods sold 23,051. Fundraising expenses 102,599. Loss on disposal of an asset 4,377.”

“Fundraising expenses 102,599. Cost of goods sold 23,051. Loss on disposal of an asset 4,377.”