Safari Game Search Foundation

“Animals on exhibit represent breeding herds of various species. These animals were capitalized at appraised cost when the foundation purchased the collection in january 1981. The balance of this account also includes those animals purchased during 1988 and 1989 to populate the north american expansion. For all other animal transactions, acquisitions have been recognized as a current expense to be netted against proceeds from the sale of animals. Generally accepted accounting principles require that collections be capitalized in their entirety. The amount required to be recorded in order to capitalize the collection has not been determined. In view of the impracticality of placing a value on recurring animal births and deaths, no value is placed on these additions or deletions to the animal collections. The cost or contributed value of animals acquired, other than those acquired for the north american expansion, is netted against proceeds from sales. During the year ended september 30, 2020, there was 4,846 spent on transportation costs and for the acquisitions of animals and no proceeds from the sale of animals.”

“See description for part iii, line 1a for part xiii.”

“Each year a portion of the board designated endowment fund (the fund) is paid out as an annual distribution to support the organization's budgeted activities, while any appreciation in excess of this annual distribution is retained in the fund so it can grow and support future generations. In this manner the fund will provide an additional source of funds to enable the organization to fulfill its mission for generations to come.”

“Under section 501(c)(3) of the internal revenue code, the foundation is exempt from taxes on income other than unrelated business income. The foundation had no unrelated business income during the year ended september 30, 2020, and accordingly, no provision for income taxes has been made. The informational federal form 990 is filed annually along with an annual state filing required by the oregon department of justice. The foundation's management is not aware of any uncertain tax positions which could affect their tax-exempt status or lead to a change in their tax liabilities. At september 30, 2020, the federal and state returns for the tax years 2016 through 2019 remained open to examination.”

“Fundraising expenses -61,724 loss on disposal -10,223”

“Fundraising expenses 61,724 loss on disposal 10,223”