and $1,587,000 to federal funds for the acquisition of collections, and pro- 

 ceeds from deaccessions in trust funds were $635,000. There were no deacces- 

 sions of collecuons purchased with federal funds in fiscal year 1992. 



12. Transfers Among Trust Funds 



The following transfers increased (decreased) respective fund balances for the 

 year ended September 30. 1992: 



<$000s) 



Current funds 



Tocal return income from 



endowment 

 Income reallocated for special 



purposes 

 Endowment reallocated to 



restricted and unrestricted 



funds 

 Designated as quasi - 



endowment 

 Other 

 Tocal transfers among funds 



13. Retirement 



Unre- 

 stricted 



$ 232 



(44) 



462 



(4.152) 

 196 



Restricted 



$ 277 

 44 



4.260 



(8.477) 

 (1115 ) 

 $(3,306) $(5,011) 



Endowment 



and similar 



funds 



$ (509) 



(4.722) 



12.629 

 176 



$ 7.574 



Plant 

 funds 



$ - 



743 

 $743 



The federal employees of the Institution are covered by either the Civil Service 

 Retirement System (CSRS) or the Federal Employee Retirement System 



(FERS). The fearures of both of these systems are defined in published govern- 

 ment documents. Under both systems, the Institution withholds from the sal- 

 ary of each federal employee the percentage of salary required: the Institution 

 also contributes specified percentages. The cost of the programs for the year 

 ended September 30. 1992 was $13,021,000. 



The Institution has a separate retirement plan for trust employees, in which 

 substantially all employees of the trust funds are eligible to participate. Under 

 the plan the Institution contributes stipulated percentages of salary which are 

 used to purchase individual annuities, the rights to which are immediately 

 vested with the employees. Employees can make voluntary contributions, sub- 

 ject to certain limitations. The Institution's cost of the plan for the year ended 

 September 30. 1992 was $7,285,000. 



It is the policy of the Institution to fund the accrued costs of all plans cur- 

 rently. There are no unfunded prior service costs under the plans. 



14. Income Taxes 



The Institution is exempt from income taxation under the provisions of Sec- 

 tion 50 l(cX 3 ) of the Internal Revenue Code. Organizations described in that 

 section are taxable only on their unrelated business income No provision for 

 income taxes is required for the year ended September 30. 1992 since the Insti- 

 tution had a net loss from unrelated business activity. 



It is the opinion of the Institution that it is also exempt from taxation as an 

 instrumentality of the United States as defined in Section 501(cX 1 ) of the 

 Code. Organizations described in that section are exempt from all income tax- 

 ation. The Institution has not as yet formally sought such dual status. 



1). Current Trust Funds Financial Activity 



The financial activity for the current trust funds by fund type is as follows: 



Revenue and other additions: 

 Government grants and contract! 

 Investment income 

 Gifts, bequests and other grants 

 Rentals, fees, mmmmions and other 

 Aunliarr actmnes 



Tocal revenue and other additions 



Expenditures lnd other deductions 

 Research, rthintinnal and acquisition 



rVeiltues Soviets 

 Auxiliary activities 



Total expenditures and other deductions 



Excess of revenue and other additions over 

 (under) expenditures and other de ducti o n s 



Transfers among fundi anmxJOM (deductions) 



Net increase for the year 

 Fund balances at beginning ot jrcar 



Fund t-t-i~ at end of year 



($000s) 









Tocal 







General 



Auxiliary 



Special 



Unrestricted 







purpose 



activities 



purpose 

 $ - 



hinds 



Restricted 

 $42,689 



Tocal 



$ - 



$ - 



$ - 



$ 42.689 



7.616 



— 



562 



8.178 



5.992 



14.170 



189 



8.034 



960 



9.183 



30.927 



40.110 



343 



— 



2.842 



3.185 



2.861 



6.046 



— 



180.312 

 188.346 



8.279 



12,645 



188.591 

 209.137 



— 



188.591 



8.148 



82.469 



291.606 



10.677 







19.341 



30.018 



63.501 



93.519 



7.742 



8.197 



546 



16.483 



6.858 



23.343 



1.551 



— 



846 



2.397 



3 



2.400 



— 



139.170 

 167.367 



5.132 

 23.865 



164.302 

 213.202 



— 



164.302 



19.970 



70.362 



283.564 



(114122) 



20.979 



(13.212) 



(4.065) 



12,107 



8.042 



8.009 



(20.979) 



9.664 



(3.306) 



(3.011) 



(8.317) 



(3.813) 



— 



(3.558) 



(7.371) 



7.096 



(275) 



13.772 



— 



31.113 



$27,557 



44.887 

 $ 37.516 



21.036 

 $28,132 



65.923 



$ 9.959 



$ - 



$ 65.648 



133 



