Computer History Museum

“The museum's collections are made up of artifacts and oral histories of historical significance held for educational, research, scientific, and curatorial purposes. Some items are in the process of being catalogued. The collections are subject to a policy that requires proceeds from the sale of any collection item to be used to acquire other items for the collections. The accessioned items in the collection undergo a rigorous review process with approval by a subcommittee of the board of trustees prior to deaccessioning. The process is in compliance with appropriate museum standards and codes. To date, the collections have been acquired primarily through donations and are not recognized as assets on the statements of financial position. Purchases of collection items are recorded in the year in which the items are acquired as decreases in unrestricted net assets or as temporarily restricted net assets if the assets used to purchase the items are restricted by donors.”

“The computer history museum is the world's leading institution exploring the history of computing and its ongoing impact on society. It is home to the largest international collection of computing artifacts in the world, encompassing computer hardware, software, documentation, ephemera, photographs and moving images. The museum's collections and research activities include a physical collection of nearly 41,000 historical objects, nearly 53,500 document records related to the history of computing, more than 17,000 software titles, and an estimated 34,500 photographs and moving images. The museum has catalogued almost 149,000 items and makes the catalogue available to the general public through its website, www.computerhistory.org.”

“The museum's endowment consists of investments established to support the operations of the museum. The endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments. As required by u.s. Gaap, net assets associated with endowment funds, including funds designated by the board of trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.”

“The museum is a qualified organization exempt from federal income and california franchise taxes under the provisions of sections 501(c)(3) of the internal revenue code and 23701d of the california revenue and taxation code, respectively, except to the extent of unrelated business taxable income as defined under sections 511 through 515 of the internal revenue code. Since the museum has immaterial unrelated business taxable income, no provision for income taxes has been provided in the financial statements. The museum recognizes the effects of its income tax positions only if those positions are more likely than not to be sustained. The museum has evaluated its tax positions and has concluded as of june 30, 2019 and 2018, the museum does not have any significant uncertain tax positions for which a reserve would be necessary.”

“Cost of goods sold -173,283. Venue expenses -432,648.”

“Cost of goods sold 173,283. Venue expenses 432,648.”