Lutz Children'S Museum Inc

“As permitted by Statements of Financial Accounting Standards, the Lutz's purchased and donated collection items are not recognized in the accompanying statements of financial position. The Lutz's collections consist of vintage clothing, crafts, prints, photos, tools, antique household goods and early American artifacts, and many other precious items. In addition to these items, the Lutz also maintains a live animal exhibit comprised of several wild and domestic species. There were no accessions for the years ended June 30, 2016 and 2015. The Lutz maintains stewardship policies to ensure that its collections are appropriately maintained and preserved.”

“The Lutz's collections consist of vintage clothing, crafts, prints, photos, tools, antique household goods and early American artifacts, and many other precious items. In addition to these items, the Lutz also maintains a live animal exhibit comprised of several wild and domestic species. Lutz collections are used for the enjoyment, education, and enlightenment of young people in all phases of the arts and sciences.”

“Management of the Lutz evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. As of June 30, 2016, management of the Lutz does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The Lutz's income tax returns are subject to examination by the appropriate taxing jurisdictions. As of June 30, 2016, the Lutz's federal and state tax returns generally remain open for audit for three years after the date filed.”