The Ryman-Carroll Foundation

“Ryman-carroll foundation's art collection, which was acquired through contributions since the organization's inception, is 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 temporarily restricted net assets if the assets used to purchase the items are restricted by donors. Contributed items are not reflected on the financial statements. Proceeds from sales of art collection, de-accessions, or insurance recoveries are reflected as increases in the appropriate net asset classes.”

“Proceeds from sales of art collection help support the talented and promising high school students in achieving higher education. In doing so, ryman arts furthers the talent and promise of an underserved population that would otherwise have few opportunities and plenty of road blocks to thrive artistically and academically at a critical time in their lives.”

“The endowment fund was established to support the long term operations of the organization. Contributions were made at inception and continue to be made by donors. The asset allocation targets for this endowment are developed to facilitate the achievement of the endowment's longterm investment objectives within the established risk parameters. Endowment assets shall be invested in accordance with the target percentage and allowable ranges for each asset class as shown below. It is recognized that unanticipated, shortterm market shifts or changes in economic conditions may cause the asset mix to vary from the policy target. The committee will review these targets at least annually and whenever the investment horizon for any portion of the endowment changes. There will be an orderly process to reach strategic targets. As of december 31, 2024 and 2023, the target allocation policy of the ryman arts' endowment is as follows: us equity target is at 42%, non-us equity is at 24%, fixed income at 27%, and liquid alternatives at 7%. Cash 0%”

“Ryman arts is exempt from taxation under internal revenue code (irc) section 501(c)(3) and california revenue and taxation code section 23701d and is generally not subject to income taxes. Accordingly, a provision for federal or state income taxes is not recorded in the accompanying financial statements. Ryman arts is classified as an organization that is not a private foundation pursuant to sections 509(a)(1) and 170(b)(1)(a)(vi) of the irc. U.s. Gaap prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Ryman arts has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated relate to ryman arts' continued qualification as a tax-exempt organization and whether there are substantial unrelated trade or business income activities. Management has determined that all income tax positions, based on the technical merits of the position, will more likely than not be sustained upon potential audit or examination. Therefore, no disclosures of uncertain income tax positions are required. Ryman arts' information returns remain subject to examination generally for three and four years after they are filed for federal and state, respectively.”

“K-1s from partnerships -4,695.”