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ARTIFACTS ARE INVENTORIED ON AN ANNUAL BASIS. THE MOST RECENT SELF-APPRAISAL OF THE CENTER'S COLLECTION OF ARTIFACTS RESULTED IN AN ESTIMATED VALUE OF APPROXIMATELY 2,154,000. SUBSTANTIALLY ALL ARTIFACTS ARE DONATED OR BORROWED AND MAINTAINED EXCLUSIVELY FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ARTIFACT DISPOSITIONS ARE SUBJECT TO THE CENTER'S COLLECTION MANAGEMENT POLICY, ADOPTED BY THE BOARD OF TRUSTEES IN 1986. THIS POLICY REQUIRES PROCEEDS FROM ANY ARTIFACT SALE TO BE DESIGNATED FOR THE ACQUISTION, RESTORATION, OR PRESERVATION OF OTHER COLLECTION ITEMS. SCHEDULE D, PAGE 2, PART III, LINE 4 THE ORGANIZATION'S COLLECTIONS CONTAIN ARTIFACTS FROM THE PREHISTORIC COPPER CULTURE THROUGH CONTEMPORARY TIMES. THE JM LONGYEAR RESEARCH LIBRARY CONTAINS MORE THAN 16,000 TITLES PLUS EXTENSIVE ARCHIVAL MATERIALS, NEARLY 100,000 PHOTOGRAPHS AND HUNDREDS OF HISTORIC MAPS. THESE COLLECTIONS FURTHER OUR EXEMPT PURPOSE BECAUSE THROUGH THEIR USE WE ARE ABLE TO PRESERVE AND INTERPRET LOCAL HISTORY AND HERITAGE IN KEEPING WITH OUR MISSION. SCHEDULE D, PAGE 2, PART V, LINE 4 THE BOARD DESIGNATED ENDOWMENT FUNDS ARE AVAILABLE FOR THE DAILY OPERATIONS OF THE MUSEUM. SCHEDULE D, PAGE 3, PART X THE CENTER IS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE CENTER FILES FORM 990 WITH THE INTERNAL REVENUE SERVICE. GENERALLY TAX YEARS FROM 2020 THROUGH THE CURRENT YEAR REMAIN OPEN TO EXAMINATION. THE CENTER BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE CENTER'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. HAMLET 19770 19770 5200 574 LIGHTS, CAMERA, 10034 10034 1365 605 1 5988 5988 988 225 35792 35792 1365 988 5425 1179 8957 26835 X 3 X X 1 101110 FAIR MARKET VALUE X 59 X HISTORIC PHOTOS 35 false true false SCHEDULE M, PAGE 1, PART I, LINE 33 THE ORGANIZATION DOES NOT CAPITALIZE ITS COLLECTIONS AS PERMITTED UNDER SFAS 116. FORM 990, PAGE 1, ITEM C MARQUETTE REGIONAL HISTORY CENTER FORM 990 - ORGANIZATION'S MISSION PRESERVING THE HISTORY OF OUR AREA BRINGS AN UNDERSTANDING TO THE PAST AND PRESENT, AND PROVIDES A GUIDE FOR THE FUTURE. WE NO ONLY MAINTAIN EXHIBITS, ARTIFACTS AND A RESEARCH LIBRARY, WE PROVIDE A FORUM FOR ENGAGING THE COMMUNITY AND CREATING LINKS BETWEEN PEOPLE. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS WHO ALL HAVE EQUAL VOTING RIGHTS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT THE BOARD OF TRUSTEES AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 8B NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT AND TREASURER/HEAD OF THE FINANCE COMMITTEE BEFORE IT IS FILED. THE TREASURER REPORTS THE RESULTS OF THE REVIEW TO THE BOARD AT THE NEXT MONTHLY BOARD MEETING. IF THERE ARE ANY QUESTIONS, THE BOARD WILL REVIEW THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C CODE OF ETHICS/CONFLICT OF INTEREST QUESTIONNAIRE IS REQUIRED TO BE COMPLETED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTORS SALARY IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AND THE DELIBERATIONS ARE RECORDED IN THE MEETING MINUTES. ON OCCASION THE BOARD UTILIZES A FIRM THAT DOES COMPARATIVE COMPENSATIONS ANALYSES OF LOCAL NONPROFIT ENTITIES. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST.