Asrt Education and Research Foundation

“The collection consists of artifacts and equipment related to the history of the x-ray and other imaging techniques that will be displayed in the asrt's museum or be available as part of the museum archives. The museum is devoted to preserving and sharing the radiologic technology's professions rich history.”

“Part v, line 4 - income from the endowment is to be used for program scholarships.”

“The asrt foundation is an exempt organization for federal income tax purposes under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal taxes. The internal revenue service has classified the asrt foundation as an organization that is not a private foundation. The asrt foundation has adopted accounting principles generally accepted in the united states of america, as they relate to uncertain tax positions. Any interest and penalties recognized associated with a tax position are classified as current in the asrt foundation's financial statements. Currently, the 2011, 2012, and 2013 tax years are open and subject to examination by the internal revenue service and new mexico taxation and revenue department. However, the asrt foundation is not currently under audit nor has asrt foundation been contacted by any of these jurisdictions. Management believes that the activities of the asrt foundation are within their tax-exempt purpose and that there are no uncertain tax positions or unrelated business income subject to income tax.”

“Hod fundraising event 5,609. Annual drawing gaming expenses 9,417.”

“Hod fundraising event 5,609. Annual drawing gaming expenses 9,417.”

“The collections, which have been acquired through purchases and contributions since the museum's inception, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as decreases in temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions are reflected as increases in the appropriate net asset classes, and are designated for collection acquisition and care.”