James Willard Schultz - Lone Wolf Museum Inc.

“Expenses promotion 407 supplies 1,124 supplies 1,124 bank charges 241 bank charges 241 insurance 6,153 insurance 3,076 non-investment depreciation 4,156 total 16,522”

“Inventories for sale or use 16,961 15,216 furniture and fixtures 16,093 19,504 less accumulated depreciation 9,440 10,951 improvements other than bldgs 29,871 39,353 less accumulated depreciation 21,331 23,975 artwork and collectibles 20,000 20,000 total 52,154 59,147”

“Credit card payable 0 1,377”

“The organization operates the butterfly lodge museum which is a historic building in greer, arizona. The structure was built in 1913 and the contents are primarily furnishings, books, art work, etc. Of james willard schultz, hart merriam and naoma schultz. Admission to the museum is one source of revenue for operations.”

“A gift shop was added which sells books related to the schultz legacy, gift card prints of lone wolf drawings and paintings, western author books and sundry gift and souvenir items with emphasis on the indians of apache and navajo counties, as well as the blackfeet of montana where james willard schultz lived for 25 yars.”

“Depreciation is applicable to both the museum and gift shop (exempt purpose accomplishments 1 and 2).”