2023-10-02T09:23:42-05:00 2022-12-31 541965901 COOK ASSOCIATES CPA SERVICES LLC 205 LEE STREET RICHLANDS VA 24641 990EZ 2022-01-01 461937331 BUCHANAN COUNTY HISTORCIAL SOCIETY OF VIRGINIA INC BUCH 2766985087 PO BOX 471 VANSANT VA 24656 BRIDGET LESTER PRESIDENT 2766985087 2023-10-02 0 BRIDGET LESTER 999009999 0 X P01309478 2769631003 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BCHSVA.ORG X X 32409 X 31509 480 388 282 106 32 32127 16144 290 2972 19406 12721 381576 3545 397842 X 93144 75327 0 8000 297270 324898 390414 408225 8838 10383 381576 397842 X PROMOTES INTEREST IN AND KNOWLEDGE OF THE HISTORY AND CULTURE OF BUCHANAN COUNTY, VIRGINIA BY GATHERING AND DISSIMULATING HISTORICAL INFORMATION ABOUT BUCHANAN COUNTY. THE NON-PROFIT WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING AND PROMOTING BUCHANAN COUNTY'S RICH HERITAGE, ESPECIALLY OUR EARLY HISTORY, FOLKLORE, CULTURE, MUSIC, AND CRAFTS. THE NON-PROFIT WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING AND PROMOTING BUCHANAN COUNTY'S RICH HERITAGE, ESPECIALLY OUR EARLY HISTORY, FOLKLORE, CULTURE, MUSIC, AND CRAFTS. 0 19406 19406 BRIDGET LESTER PRESIDENT 10.00 0 0 0 HANNAH ESTEP SECRETARY 1.00 0 0 0 RITA STACY TREASURER 10.00 0 0 0 ED TALBOTT VICE PRESIDENT 1.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE ORGANIZATION PO BOX 471 VANSANT VA 24656 2766985087 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 7093 54864 33088 22352 31989 149386 7093 54864 33088 22352 31989 149386 89024 60362 37 20 74 41 32 204 149590 10460 0.40350 0.36940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY INCOME: GROSS RECEIPTS: 388. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 282. GROSS PROFIT: 106. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 2,823. MERCHANDISE PURCHASED: 500. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 3,041. COST OF GOODS SOLD: 282. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: INTEREST INCOME. AMOUNT: 32. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: INSURANCE. AMOUNT: 1,423. DESCRIPTION: BANK FEES. AMOUNT: 11. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 454. DESCRIPTION: CORPORATE STATE REGISTRATIONS. AMOUNT: 35. DESCRIPTION: DEPRECIATION. AMOUNT: 1,049. TOTAL TO FORM 990-EZ, LINE 16: 2,972. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: RENT EXPENSE - USE OF FACILITY, NET OF PRESENT VALUE DISCOUNT. AMOUNT: -9,662. DESCRIPTION: PROMISES TO GIVE - NET REALIZABLE VALUE. AMOUNT: 13,747. DESCRIPTION: RETURN OF RESTRICTED FUNDING TO DONOR. AMOUNT: -540. TOTAL TO FORM 990-EZ, LINE 20: 3,545. FORM 990-EZ, PART I, LINE 20, CHANGES IN NET ASSETS THE ORGANIZATION LEASES ITS FACILITIES FROM ANOTHER REGIONAL ORGANIZATION FOR $1 ANNUALLY. THE TERM OF THE LEASE IS FOR TWENTY YEARS. THE ORGANIZATION ORIGINALLY RECORDED THE PRESENT VALUE (AT A 5.00% DISCOUNT) OF THE CONTRIBUTION IN THE AMOUNT OF $281,674 UNDER U.S. GAAP. IN 2022, THE RENT FREE USE OF THE FACILITIES, DISCOUNTED, WAS $9,662. AT YEAR-END 12/31/2022, THE BALANCE WAS $249,079. AT DECEMBER 31, 2022, TWO DONORS PROMISED TO GIVE $13,747. THESE PROMISES WERE RECEIVED IN EARLY 2023 AND HAVE BEEN RECORDED AT NET REALIZABLE VALUE UNDER U.S. GAAP. THUS, NO DISCOUNT FOR PRESENT VALUE HAS BEEN RECORDED AT YEAR-END. THE PROMISES ARE RESTRICTED FOR THE MUSEUM STORE UPGRADE PROJECT AND TO COVER LEGAL FEES OWED AT YEAR-END. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PREPAIDS AND DEPOSITS. BEG. OF YEAR AMOUNT: 160. END OF YEAR AMOUNT: 444. DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 2,823. END OF YEAR AMOUNT: 3,041. DESCRIPTION: MUSEUM UPGRADE PROJECT. BEG. OF YEAR AMOUNT: 7,734. END OF YEAR AMOUNT: 31,825. DESCRIPTION: CONTRIBUTION RECEIVABLE (NET) - LEASED FACILITIES. BEG. OF YEAR AMOUNT: 258,742. END OF YEAR AMOUNT: 249,079. DESCRIPTION: PROMISES TO GIVE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 13,747. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 27,811. END OF YEAR AMOUNT: 26,762. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 8,838. END OF YEAR AMOUNT: 10,383. AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS: FOR THE YEARS ENDED 12/31/2022 AND 2021, THE ORGANIZATION RECEIVED AN AUDIT OF ITS FINANCIAL STATEMENTS (INCLUDING NOTES) FROM AN INDEPENDENT CPA FIRM UNDER U.S. GAAP. THESE FINANCIALS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.