Coronado Historical Association

“In conformity with the practice followed by many museums and historical organizations, art and historic objects purchased by or donated to CHA are not capitalized in the statement of financial position. CHAs collection is made up of artifacts, photographs, records, and remembrances of Coronados past that are held for exhibition and various other program activities. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collection is maintained under the care of professional staff and is held for research, education, and public exhibition in furtherance of public service, rather than for financial gain. As a matter of policy, proceeds from the sale of collection items are used for the direct care of the collection or to acquire other items for the collection. Direct care of collections is defined by CHA as costs that prolong the life and usefulness of the collection, costs providing benefits that enhance the quality and protection of the collection, and costs that make a physical impact on collection objects, increasing or restoring their cultural or scientific value. Routine and ongoing expenditures are not considered direct care of collections. CHA does not include either the cost or the value of its collection in the statement of financial position, nor does it recognize gifts of collection items as revenues in the statement of activities. Purchased collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired, or in net assets with donor restrictions if the net assets used to purchase the items are restricted by the donor. Contributed collection items are excluded from the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes, as determined by the items Deed of Gift.”

“THE CORONADO HISTORICAL ASSOCIATION'S COLLECTIONS OFFERS VISITORS AND RESEARCHERS AN OPPORTUNITY TO LEARN ABOUT THE HISTORY, PEOPLE AND CULTURE THAT MAKE CORONADO SUCH A SPECIAL PLACE. THE ASSOCIATION'S THREE EXHIBIT GALLERIES, RESEARCH CENTER, AND STATE-OF-THE-ART COLLECTIONS STORAGE HELP CHA CREATIVELY PRESENT THE HISTORY OF CORONADO THROUGH EXHIBITS, PUBLICATIONS, AND PROGRAMS. THE ORGANIZATIONS COLLECTION HAS GROWN TO OVER 20,000 PHOTOGRAPHS, 1,400 ARTIFACTS, AND THOUSANDS OF ARCHIVAL DOCUMENTS. CHA's RESEARCH CENTER SERVES AS A RESEARCH DESTINATION FOR MILITARY AND ARCHITECTURAL HISTORIANS. CHA CONTINUE TO IDENTIFY, ACQUIRE, AND PRESERVE ARTIFACTS AND DOCUMENTS THAT FALL WITHIN THE SCOPE OF THE ASSOCIATION'S EDUCATIONAL MISSION.”

“The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

“Cost of goods sold $16456 special event expense $24825”

“Cost of goods sold $16456 special event expense $24825”