Native American Rights Fund Inc

“If elected under sfas 116 provide footnote from financial statements: collections of works of art, historical treasures, and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Purchases of collection items are reported in the year of acquisition as decreases in unrestricted net assets, or in temporarily or permanently restricted net assets if the assets used to purchase the items were restricted to that use by donor stipulation. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes. Narf's collections consist of rare books and maps. These collections are held for educational and research purposes. They are subject to a policy that requires proceeds from the disposition of collection items to be used to acquire other collection items.”

“Description of collections and how they further the exempt purpose: collections consist of rare books and maps. These collections are held for educational and research purposes, which are used in technical assistance and educating the public about indian rights, laws, and issues.”

“Describe the intended uses of the organization's endowment funds: the endowment assets include donor-restricted endowment funds held in perpetuity or for donor-specified periods and a newly created board-designated endowment, titled future legal advocacy fund, for future costs associated with representation of tribes and native organizations who do not have the resources to pay for the costs of preparing for protracted litigation. Returns generated by the endowment assets are unrestricted in accordance with donor stipulations and are used to support programs and supporting operations.”

“Uncertain tax positions management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

“Describe the custodial arrangement Native American Rights Fund is ACTING AS A FISCAL AGENT FOR AN INTER-TRIBAL COALITION. UNSPENT FUNDS HELD ON BEHALF OF THE COALITION IS ACCOUNTED FOR AS A LIABILITY.”