Benjamin Harrison Presidential Site Inc.

“The organization's accounting for conservation easements: the organization does not include the conservation easement in its revenue and expenses or balance sheet.”

“Items not reported in its revenue statement and 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 site's collections, which are acquired through purchases and contributions since the site's inception, are not recognized as assets 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. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate asset classes.”

“How the organization's collections further exempt purpose: 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this home to the general public as an educational and historical service; to preserve any personal property, papers, or historical documents of president benjamin harrison or relating to him and his service to the state of indiana and to the united states of america; to promote patriotism and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 harrison, 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.”

“Intended uses of the organization's endowment funds: 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.”

“Fin 48 disclosure: management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

“Other reconciling items: cost of goods sold $ 14,593 special event expense $ 58,974 ---------------------------------------- total other reconciling items $ 73,567”

“Other reconciling items: cost of goods sold $ 14,593 special event expense $ 58,974 ---------------------------------------- total other reconciling items $ 73,567”