The Seventh Generation Fund for Indigenous Peoples Inc.

“In accordance with the provisions of asc 958-360-45-3, works of art, historical treasures, and similar assets, collection items acquired either through purchase or donation are not capitalized. Donations need not be recognized if they are added to collections that are held for public exhibition, education, or research in furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for, and preserved; and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections. Contributions of collection items are not recognized in the statement of activities. Proceeds from sales or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions. In accordance with the provisions of asc 958- 360-50-6, works of are, historical treasures, and similar assets, sgf's collections are comprised of indigenous works of art and artifacts, which are of cultural significance but limited financial value. Sgf ensures it is a careful steward of the collections by maintaining a cataloged inventory of the items.”

“Seventh generation fund for indigenous peoples, inc. (sgf) is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code. Sgf has been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Consequently, there has been no provision for income taxes made on these financial statements. Sgf evaluates uncertain tax positions in accordance with asc 740-10-25-6, income taxes, whereby the effect of uncertainty would be recorded if the tax positions will more likely than not be sustained upon examination. As of june 30, 2014, the foundation had no uncertain tax positions requiring accrual or disclosure. The federal income tax returns of sgf for fiscal years ended june 30, 2013, 2012, 2011, and 2010 are subject to examination by the internal revenue service, generally for three years after they were filed.”

“Noncash fundraising contrib. 11,149 noncash equipment contrib. 7,690 less noncash awards -11,149 less outside svcs for event -7,095”

“Outside services for event 7,095”

“Noncash equip. And exp 7,690”