Flint Institute of Science &

Schedule D, Page 4, Part XIII

“Part iii, line 1a - terms for not reporting assets per sfas 116 terms for not reporting assets per sfas 116 - sloan museum's collections are made up of artifacts of historical significance and art objects that are held for education, scientific, and curatorial purposes. Each of these items are cataloged, preserved, and cared for and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. The collections, which were acquired through purchases and contributions for sloan museum's inception, are not recognized as assets on the consolidated statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year which the items are acquired or as net assets with donor restrictions. Contributed collection items are not reflected on the consolidated financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increase in the appropriate net asset class. Part iii, line 4 - collections and relation to exempt purpose collections and relation to exempt purpose sloan museum is accredited by the american association of museums. As a museum, it is the staff and board's responsibility to follow the guidelines established by the aam for accreditation. The sloan museum's mission statement is: "we create engaging experiences that inspire a lifelong curiosity in history, sciences, and technology for everyone." we do this through exhibits and programs. The museum and planetarium together serve more than 14,000 visitors on an annual basis. More than 60,000 students on school field trips attending the museum's facilities are included in the number. We work closely with local school districts to ensure our activities meet michigan education standards.”