Museum of the Aleutians

“The Museum of the Aleutians maintains a collection of artifacts, pictures, and replicas of various native crafts. Pieces of the collection are acquired through donations, purchases, and archaeological acquisition.The collection is kept on site and cataloged by the staff of the Museum. The collection storage room is climate controlled and maintained to ensure collection integrity.In accordance with generally accepted accounting principles, the Museum has chosen to not depreciate donated artifact, pictures and native crafts, nor recognize them as revenues or gains. Generally accepted accounting principles provide that such donations need not be recognized if they are added to collections that are held for public exhibition, education, or research in furtherance of public service rather than for financial gain; are protected, kept unencumbered, cared for, and preserved; and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections.Collections consisted of the following for 2014:Woman of Unalaska Sketch $ 69,895Aleutian Hat 35,000View of Coastal Transportation Dock 250Dead Volcano 300Janus 2,800Unangan Dancer 5,000Laressa Hope Syverson 750Woodblock prints 5,000Attu basket 10,350Aleut dolls 2,400Unangan short hunting visor 5,000WWII Watercolor Collection 1,685Art 4,132 _________Total Collections $ 142,562 =========”

“The collection is used to preserve and share the human history of Unalaska.”

“The Museum is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code.Although the organization is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirement of filing Federal Income Tax Form 990-T and a tax liability may be determined on these activities. The Organization had no income derived from unrelated business activities as of June 30, 2014 or 2013.The Museum classifies all interest and penalties related to tax contingencies as income tax expense. As of June 30, 2014 and 2013, there are no accrued interest or penalties. As of June 30, 2014 and 2013 there were no uncertain tax positions or unrecognized tax benefits for which management believes it is reasonably possible that the total amounts of tax contingencies will significantly increase or decrease within 12 months of the reporting date. The Company files tax returns in the U.S. Federal Jurisdiction and the State of Alaska. As of 2014, the tax years that remain subject to examination begins with 2011.”

“Expenses reported on Pt VIII, line 9b $32078 Expenses reported on Pt VIII, line 10b $249”