Perry County Council of the Arts

“Intended uses for endowment funds income from the fund is used to support pcca's mission.”

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization. Management evaluated the tax positions taken and concluded that the organization had taken no uncertain tax positions that require recognition or disclosure in the financial statements. No provision or benefit for income taxes has been included in these financial statements. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before august 31, 2019”

“Part iii, line 1a - terms for not reporting assets per sfas 116 in conformity with the practice followed by many museums, collections and exhibits purchased and donated are not included on the statements of financial position. The collections and exhibits include various artifacts and works of art. Part iii, line 4 - collections and relation to exempt purpose the landis collection is comprised of artwork and furnishings that were brought to newport in 1938 from the landis home in hamburg, germany. It was our benefactoress' intention that we maintain a permanent collection of artifacts in honor of her parents and their travels. A landis legacy exhibit is displayed each year using these artifacts. Part v, line 4 - intended uses for endowment funds income from the fund is used to support pcca's mission. Part x - fin 48 footnote. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization. Management evaluated the tax positions taken and concluded that the organization had taken no uncertain tax positions that require recognition or disclosure in the financial statements. No provision or benefit for income taxes has been included in these financial statements. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before august 31, 2019.”