St Josephs Childrens Home

“The organization has a collection of memorabilia and artifacts that were donated by several supporters. The collection is on display and is available to those who are interested in the organization's history. Management has taken steps to ensure that the collection is protected and preserved. Collection items acquired either through purchase or donation are not capitalized. 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. If collection items are sold, the proceeds from the sale are used to purchase additional collection items.”

“The john henry museum is named for the very reverend john henry v.g., the first superintendent of saint joseph's children's home. The museum contains many items of interest from saint joseph's years as an orphanage. Additionally, the museum houses many items and artifacts from throughout the diocese of cheyenne. The museum also houses items from the t. Joe cahill estate (marshall of cheyenne, wy and major benefactor of saint joseph's orphanage). Visitors are welcome during normal business hours.”

“Tax positions are recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the taxing authorities. The organization is a nonprofit corporation classified by the internal revenue service as tax-exempt under section 501(c)(3). The organization is not liable for income taxes if it operates within the confines of its exempt status, though the organization may be responsible for taxes on unrelated business activities. In the event of an examination of the income tax returns, the tax liability of the organization could be changed if an adjustment in the tax-exempt purpose or income from unrelated business activities is ultimately determined by the taxing authorities. As of june 30, 2025, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The organization's income tax filings are subject to audit by various taxing authorities. The organization is no longer subject to federal and state income tax examinations by taxing authorities for the years before 2022. Management continually evaluates expiring statutes of limitation, audits, proposed settlements, changes in tax law, and new authoritative rulings. The organization believes their estimates are appropriate based on current facts and circumstances. Interest and penalties assessed by income taxing authorities, if any, are included in interest expense.”

“BAD DEBT -15,679.”

“BAD DEBT 15,679.”