Boot Hill Museum Inc.

“Collection items consist of items associated with early Dodge City and are held for educational and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and kept unencumbered, and activities verifying their existence and assessing their condition are performed continuously. Collection items acquired either through purchase or donation are not capitalized. The proceeds from deaccession of collection items may be used for acquisitions of new collection items or the direct care of existing collections. The Organization adheres to the ethical principles and definition of direct care established by the American Alliance of Museums and considers direct care to entail actions that enhance the life, usefulness, or quality of the collection items to ensure they will continue to benefit the public. The Organization's collection management policy includes conservation services, archival services, collections care investments identified through a conservation assessment and/or plan, and collection care training for staff and volunteers, as activities that are considered direct care of collection items. Purchases of collection items are recorded as decreases in net assets without donor restrictions if purchased with assets without donor restrictions and as decreases in net assets with donor restrictions if purchased with donor-restricted assets. Contributions of collection items are not recognized in the Statement of Activities. Proceeds from deaccessions or insurance recoveries are reflected on the Statement of Activities based on the absence or existence and nature of donor-imposed restrictions.”

“Donor restricted net assets consist of endowment fund assets to be held indefinitely. The income from the assets can be used to support the Organization's exempt purpose.”

“The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities. The Organization holds special events and sells jewelry unrelated to the Organization's exempt purpose which is subject to tax on unrelated business income. At September 30, 2022 and 2021, the Association recorded income tax expense of $150 and $1,672, respectively, on these unrelated business activities. The Organization has not identified any uncertainties in federal or state income taxes for any open tax years as of September 30, 2022. The Organization is no longer subject to examinations by tax authorities for years before 2020. No authorities have commenced income tax examinations as of September 30, 2022.”

“Net change in beneficial interest in Community Foundation -22,413.”

“Rounding”