Missouri Historical Society

“Mhs' research collections contain unique regional history sources and objects documenting st. Louis, missouri, the mississippi and missouri valleys, the louisiana purchase territory and the american west. An integrated and multi-format collection, it serves an audience of diverse local, national and international readers and researchers. Mhs staff members work to share the collections in the galleries, through our various publications, online and through our community and educational programs. The value of the collections and library holdings cannot be determined, and therefore, is not capitalized in the accompanying financial statements. Each of the items in the collections is catalogued, preserved and cared for, and collections audits are performed regularly. Proceeds from deaccessions are used to acquire or conserve other objects for the collections.”

“See statement for line 1a for a definition of the artifacts in the collection. The collection and the exhibits, discussions and research of these items in the collection provide a review of the past and the choices made in the past as a basis of discussing current activities and options and their possible impact on the future. They can provide the basis for addressing and solving common problems.”

“Mhs uses a spending policy of between 3.0 and 5% of a trailing 13 quarter average of the value of the endowment to determine annual spending. A portion of this supports unrestricted spending covering operating expenses. A portion is designated for temporarily restricted spending (i.e. Publications, galleries, exhibit maintenance) based on donor's instructions.”

“Mhs qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and therefore, there is no provision for income taxes. Mhs follows the provisions of asc 740-10-25 requiring disclosure of uncertain tax positions. There has been no interest or penalties recognized in the statement of activities nor in the statement of financial position related to uncertain tax positions. In addition, no tax positions exist for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next 12 months. Mhs evaluates its uncertain tax positions, if any, on a continual basis through review of its policies and procedures, review of its regular tax filings, and discussions with outside experts.”

“Split value interest agreement 90,381.”

“Museum shop expenses 254,003. Special event expenses -80,491. Restaurant expenses 43,511.”

“Special event expenses 80,491.”

“Museum shop expenses 254,003. Restaurant expenses 43,511.”