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Audit of the United States Capitol Historical Society for the
Year Emded Januar7 31, 1977. GGD-78-27; 8-176631, January 9.
1978. 12 pp. + 2 appendices (3 pp.).
Report to the Congress; by Bluer B. Staats, Ccptroller Gentral.
Issue Area: Accounting and Financial Reporting (2800).
Contact: General Government Div.
Budget Function3 General Governmevt: Legislative Functions
(801).
Organization Concerned: United States Capitcl Historical
Society.
Congressional Relevance: House Committee on House
Administration; Senate Committee on Rules and
Adsinistration; Congress.
Authority: National Visitor Center Facilities Act of 1968 (40
U.S.C. 831). (P.L. 93-226; 87 Stat. 943). (P.L. 92-56; 85
Stet. 156).
The United Stateb Capitol Historical Society is a
nonprofit orgauizations incorporated in the District of Columbia
on August 8p 1962, composad of a board of trustees, an honorary
board cf trustees, officers, and paid employees. Daily
operations are carried out by three departenots--sales,
administrative and accounting* and history--whose managers
raport 4irectly to tLe Societyls president. Ptincipal Fid
employees include the president, the executive secretary, and
the three department managers. The Societyls =coae is primarily
from the sales of boo.c., calendars, and other merchendise. Other
sources of income include royalties from products cuyrigbted
and designed by the Society, interest from investl' ts, and
contributions for the Sound and Lioht Program and Art Vork in
che Caitol. Findings/Conclurioas: The Societj operates the
Capital Visitor Center under contxact with the Architect of the
Capitol. A History Endowment Fund, established by the executive
committee on January 20 1970, showed a fund balunce of $287,344
at January 31, 1977. A feasibility study has been authorized for
a Sound and Light Progmal on the east front of the Capitol at an
estimated cost of SIC Billion for the program. The Society
contracted fir a film for use in the National Visitor Center
uhich was completed during the year ended Janrnary 31, 1975 at a
cost of $330,673 paid from donations. The matter of liability
for sales taxes for articles sold has not been resolved. Various
contributicn have been received by the Society in the fore of
works ¢f art and other assets, and the Society has ilso made
contributions on behalf of the United States. Assets and
liabilities totaled J1,522,946. Financial statements were
prepared on a basis consistent with that of the preceding year
and present!4 fairly the financial position of the Society at
January 31, 1977. (HTI)](ViewImageLocal?handle=hein.gao/gaobaawkx0001&div=1&collection=&method=preview&ext=.png&size=3)