2022-08-16T10:38:55-05:00 2021-12-31 541965901 COOK ASSOCIATES CPA SERVICES LLC 205 LEE STREET RICHLANDS VA 24641 990EZ 2021-01-01 461937331 BUCHANAN COUNTY HISTORCIAL SOCIETY OF VIRGINIA INC BUCH 2766985087 PO BOX 471 VANSANT VA 24656 BRIDGET LESTER PRESIDENT 2766985087 2022-08-16 0 BRIDGET LESTER 999009999 P01309478 2769631003 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X BCHSVA.ORG X X 23202 X 21982 370 809 650 159 41 22552 8750 1609 15 3329 13703 8849 381928 -9201 381576 X 80831 93144 305510 297270 386341 390414 4413 8838 381928 381576 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 13703 13703 BRIDGET LESTER PRESIDENT 1.00 0 0 0 HANNAH ESTEP SECRETARY 10.00 0 0 0 RITA STACY TREASURER 10.00 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 2015 7093 54864 33088 22352 119412 2015 7093 54864 33088 22352 119412 75214 44198 75 37 20 74 41 247 119659 12413 0.36940 0.42720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY INCOME: GROSS RECEIPTS: 809. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 650. GROSS PROFIT: 159. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 3,398. MERCHANDISE PURCHASED: 75. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 2,823. COST OF GOODS SOLD: 650. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: INTEREST INCOME. AMOUNT: 41. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: EXHIBITIONS AND COLLECTIONS. AMOUNT: 404. DESCRIPTION: INSURANCE. AMOUNT: 876. DESCRIPTION: BANK FEES. AMOUNT: 31. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 634. DESCRIPTION: CORPORATE STATE REGISTRATION. AMOUNT: 25. DESCRIPTION: ADVERTISING AND MARKETING. AMOUNT: 310. DESCRIPTION: DEPRECIATION. AMOUNT: 1,049. TOTAL TO FORM 990-EZ, LINE 16: 3,329. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: RENT EXPENSE - USE OF FACILITY, NET OF PRESENT VALUE DISCOUNT. AMOUNT: -9,201. FORM 990-EZ, PART I, LINE 6 THE COVID-19 PANDEMIC, WHOSE EFFECTS FIRST BECAME KNOWN IN JANUARY 2020, EFFECTED THE ORGANIZATION'S NORMAL BUSINESS ACTIVITIES. THE ORGANIZATION DID NOT HOLD ANY FUND-RAISING EVENTS FOR THE YEAR 2021 DUE TO THE PANDEMIC. 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 2021, THE RENT FREE USE OF THE FACILITIES, DISCOUNTED, WAS $9,201. AT YEAR-END 12/31/2021, THE BALANCE WAS $258,742. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PREPAIDS AND DEPOSITS. BEG. OF YEAR AMOUNT: 1,309. END OF YEAR AMOUNT: 160. DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 3,398. END OF YEAR AMOUNT: 2,823. DESCRIPTION: MUSEUM UPGRADE PROJECT. BEG. OF YEAR AMOUNT: 4,000. END OF YEAR AMOUNT: 7,734. DESCRIPTION: CONTRIBUTION RECEIVABLE (NET) - LEASED FACILITIES. BEG. OF YEAR AMOUNT: 267,943. END OF YEAR AMOUNT: 258,742. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 28,860. END OF YEAR AMOUNT: 27,811. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 4,413. END OF YEAR AMOUNT: 8,838. AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS: FOR THE YEARS ENDED 12/31/2021 AND 2020, THE ORGANIZATION RECEIVED AN AUDIT OF ITS FINANCIALS (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.