Children'S Museum of Tacoma

“The rebecca smith ozias endowment fund is hereby established at the children's museum of tacoma with a gift of 530 shares of household international stock by mrs. Ruth smith. Rebecca smith ozias endowment fund will benefit the area or areas of greatest need at the museum as determined by its board of directors. The children's museum of tacoma, a 501(c)3 organization, is the owner and manager of the rebecca smith ozias endowment fund. In this role, the children's museum board of directors is free to invest, reinvest and/or liquidate the 530 shares of household international stock and place the proceeds into an investment vehicle of its choosing. The original principal of the rebecca smith ozias endowment fund, and subsequent additions thereto, will be held inviolate by the museum.”

“The internal revenue service has recognized the organization as exempt from federal income taxes under provisions of section 501(c)(3) of the internal revenue code (irc) except to the extent of unrelated business taxable income as defined under irc sections 511 through 515. Any unrelated business income generated is not significant; therefore, no provision for income taxes has been recorded. The organization follows fasb asc 740-10, income taxes, relating to accounting for uncertain tax positions. Asc 740-10 prescribes a recognition threshold and measurement process for accounting for uncertain tax positions and also provides guidance on various related matters such as derecognition, interest, penalties and disclosures required. Management does not believe the organization has an uncertain tax position as of and for the years ended december 31, 2023 and 2022.”

“The exhibition consists of metal horse and cow sculptures that are displayed in an outside play area. The sculptures help inspire the imagination of children during their outdoor playtime.”