2021-11-12T08:07:46-06:00 2020-12-31 541965901 COOK ASSOCIATES CPA SERVICES LLC 205 LEE STREET RICHLANDS VA 24641 990EZ 2020-01-01 461937331 BUCHANAN COUNTY HISTORCIAL SOCIETY OF VIRGINIA INC BUCH 2766985087 PO BOX 471 VANSANT VA 24656 BRIDGET LESTER PRESIDENT 2766985087 2021-11-12 0 BRIDGET LESTER 999009999 P01309478 2769631003 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X X BCHSVA.ORG X X 33409 X 32913 175 247 124 123 74 33285 2368 4799 7167 26118 87867 267943 381928 X 53700 80831 34272 305510 87972 386341 105 4413 87867 381928 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 7167 7167 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 1015 2015 7093 54864 33088 98075 1015 2015 7093 54864 33088 98075 56066 42009 51 75 37 20 74 257 98332 12856 0.42720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY INCOME: GROSS RECEIPTS: 247. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 124. GROSS PROFIT: 123. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 3,318. MERCHANDISE PURCHASED: 204. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 3,398. COST OF GOODS SOLD: 124. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: INTEREST INCOME. AMOUNT: 74. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: TRAVEL. AMOUNT: 120. DESCRIPTION: EXHIBITIONS AND COLLECTIONS. AMOUNT: 2,059. DESCRIPTION: INSURANCE. AMOUNT: 1,295. DESCRIPTION: BANK FEES. AMOUNT: 7. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 226. DESCRIPTION: CORPORATE STATE REGISTRATION. AMOUNT: 57. DESCRIPTION: DEPRECIATION. AMOUNT: 1,035. TOTAL TO FORM 990-EZ, LINE 16: 4,799. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: CONTRIBUTION OF FACILITY, NET OF PRESENT VALUE DISCOUNT. AMOUNT: 281,674. DESCRIPTION: RENT EXPENSE - USE OF FACILITY, NET OF PRESENT VALUE DISCOUNT. AMOUNT: -13,731. TOTAL TO FORM 990-EZ, LINE 20: 267,943. FORM 990-EZ, PART I, LINE 6 THE COVID-19 PANDEMIC, WHOSE EFFECTS FIRST BECAME KNOWN IN JANUARY 2020, EFFECTED THE ENTITY'S NORMAL BUSINESS ACTIVITIES. THE ENTITY DID NOT HOLD ANY FUND-RAISING EVENTS FOR THE YEAR 2020 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 TERMS OF THE LEASE ARE FOR TWENTY YEARS. THE ORGANIZATION HAS RECORDED THE PRESENT VALUE (AT A 5.00% DISCOUNT) OF THE CONTRIBUTION IN THE AMOUNT OF $281,674 UNDER U.S. GAAP. IN 2020, THE RENT FREE USE OF THE FACILITIES, DISCOUNTED, WAS $13,731. AT YEAR-END 12/31/2020, THE BALANCE WAS $267,943. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: PREPAIDS AND DEPOSITS. BEG. OF YEAR AMOUNT: 1,224. END OF YEAR AMOUNT: 1,309. DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 3,268. END OF YEAR AMOUNT: 3,398. DESCRIPTION: MUSEUM UPGRADE PROJECT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,000. DESCRIPTION: CONTRIBUTION RECEIVABLE (NET) - LEASED FACILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 267,943. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 29,780. END OF YEAR AMOUNT: 28,860. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 105. END OF YEAR AMOUNT: 4,413. 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.