Catawba County Historical Association Inc

“All transactions with potential conflicts were disclosed to the governing board. Only disinterested parties vote regarding such transactions.”

“| Explanation:| PART 6- LINE 11 - IN ADDITION TO PROVIDING A COPY TO THE BAORD MEMBERS FOR REVIEW THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ASSOCIATIONS OFFICE AT THE MUSEUM OF HISTORY IN NEWTON NC.”

“| Explanation:| IN PRIOR YEARS THE FORM 990 WAS COMPLETED BY AN OUTSIDE PREPARER. THIS FORM WAS COMPLETED BY THE CURRENT FINANCE OFFICER & BOOK KEEPER OF THE CATAWBA COUNTY HISTORICAL ASSOCIATION.”

“The catawba county historical associations finance officer who worked the accounting for the tax year 2021 is no longer an employee of the association. In prior years the form 990 was completed by an outside preparer. This form was completed by the current finance accounting officer for the association.”

“| Description:, Explanation:, Amount:| Other current liabilities include historical book sales Catawbans Vol I-III Consignment Sales, Other current liabilities include historical book sales Catawbans Vol I-III Consignment Sales, $1742|”

“| Explanation:| CATAWBA COUNTY HISTORICAL ASSOCIATION WAS FOUNDED IN 1949 AS A NON-PROFIT ORGANIZATION FOR THE PURPOSE OF COLLECTING PRESERVING RESEARCHING EXHIBITING AND INTERPRETING THE EVERYDAY LIFE AND ACCOMPLISHMENTS OF THE RESIDENTS OF CATWABA COUNTY AND THEIR RELATIONSHIPS WITH THE HERITAGE OF THE STATE OF NC. THE ORGANIZATION ACCOMPLISHES THIS THROUGH DISSEMINTATING INFORMATION AND STIMULATING INTEREST THROUGH ITS COLLECTIONS OUTREACH PROGRAMS PUBLICATIONS LECTURES WORKSHOPS AND SPECIAL EVENT PROGRAMS ON THE HISTORY OF CATAWBA COUNTY.”

“| Explanation:| A COLLECTION ITEMS AQUIRED EITHER THROUGH PURCHASE OR DONATIONS ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASE IN UNRESTRICTED NET ASSESTS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASE 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 EXISTENECE AND NATURE OF THE DONOR IMPOSED RESTRICTIONS. PART III LINE 4 DESCRIPTION OF ORGANIZATION COLLECTIONS AND HOW FURTHERS EXEMPT PURPOSE. THE COLLECTION IS MADE UP OF NEARLY 60,000 ARTIFACTSTHAT LOCAL RESIDENTS OF THE PAST USED IN THEIR DAILY LIVES. ARTIFACTS RANGE IN SIZE AND FRAGILITY FROM NINETEETH CENTURY CORRESPONDENCE TO TWENTIETH CENTURY MECAHNICAL FARM EQUIPMENT. ADDITIONALLY THE COLLECTION INCLUDES 30 HISTORIC STRUCTURES THAT DATE FROM 1812 TO 1953. INCLUDED IN THE COLLECTION ARE: AGRICULTURAL TOOLS IMPLEMENTS FORGED FROM HAND-DUG IRON ORE HAND CRAFTED HOUSEHOLD CUPBOARDS WAGON BENCHES BEDS TABLES CHESTS CRADLES CHILD SIZE IRON LUNG FROM THE POLIO EPIDEMIC PLANTATION DESK MILITARY UNIFORMS INCLUDING A BRITISH RED COAT FROM THE REVOLUTIONARY WAR EAR. PART III LINE 4 DESCRIPTION OF ORGANIZATION COLLECTIONS AND HOW FUTURE EXEMPT STATUS CONTINUED: EACH ITEM THAT CCHA HAS COLLECTED CONTRIBUTED TO THE ECONOMY AND DEVELOPMENT OF THE WESTERN PIEDMONT OF NORTH CAROLINA AND THE CULTURE OF CATAWBA COUNTY. THESE ITEMS CONTINUE TO SUPPORT THE HISTROICAL ASSOCIATIONS MISSION TO PROVIDE EDUCATION TO THE PUBLIC PROGRAMMING AND RESEARCH EXHIBITIONS AND MAINTAINING THE HISTORIC BUILDING MONUMENTS AND WORKINGS OF CATAWBA COUNTY. PART X -FASB ASC 740 FOOTNOTE FASB ASC 740 -10 ACCOUNTING FOR UNCERTAINTY IN INCOMES TACES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF JUNE 2018 MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE ASSOCIATION 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 FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKE AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATIONS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FORM 990 FOR 2020 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS GENERALLY FOR THREE YEARS AFTER THE RETURN IS FILED.”

“| Explanation:| PART 4 LINE 18 - REGARDING OTHER FUNDRAISING EVENTS THAT WERE NOT ABLE TO BE LISTED ON SCHEDULE G FORM INCLUDE : CHRISTMAS FESTIVAL AT MURRAYS MILL BIKE RIDE AT MURRAYS MILL CHRISTMAS EVENT AT HARPER HOUSE & HICKORY HISTORY CENTER ROYAL TEA PARTIEIS ICE CREAM SOCIAL EVENT AT MURRAYS MILL GHOST TOURS & EVENTS WHICH BEGAN IN 2023 AND IS OFFERED AT HARPER HOUSE AND THE MUSEUM IN NEWTON.”