See Science Center Inc.

“SEE, which began operations on January 1, 2011, is a nonprofit organization as described under Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on income related to the fulfillment of the SEE mission. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. No liability for uncertain tax positions have been recorded in the accompanying financial statements. Tax filings are generally open for examination for three years following the date filed. SEE is not currently under examination by any taxing jurisdiction.”

“The permanent exhibits at see reflect its mission to promote the understanding, enjoyment and achievements of science, technology, engineering and mathematics ("stem"). At formation, approximately seventy exhibits were donated to see by snhs. Many are permanent installations like the moon walk, the science of hockey, a bernoulli blower and a 40' x 10' submarine with periscopes. There are also a number of exhibits that are rotated off the museum floor for repairs, and are replaced by new exhibits or recently refurbished exhibits. See's largest exhibit is the lego millyard project, a permanent lego installation at mini-figure scale, representing manchester's amoskeag millyard circa 1900. In accordance with current practice generally followed by museums, collections are not recorded as assets in the accompanying financial statements. The costs of collection items are recorded as decreases in net assets (expense) when purchased. Proceeds from sale of collection items or insurance recoveries are recorded as increases in net assets (revenue) in the statements of activities when incurred. Collection items purchased amounted to $0 in both 2017 and 2016. No collection items were sold in 2017 or 2016.”

“Cogs reported on page 9 of form 990, part viii, line 10b ($22,931) plus assets released from restrictions ($1,000). Form 990 part i, line 19 reflects an excess of expenses over revenue. For 990 reporting, expenses include expenditures of temporarily restricted assets, but the related revenue is recognized in the prior year(s). The 2016 operating surplus per the audited financial statements reconciles to the 990 as follows: excess of expenses over revenue per form 990 $(13,342) recognition of revenue attributable to assets released from restrictions 1,000 operating deficit per audited financial statements $(12,342)”

“Cogs reported on page 9 of form 990, part viii, line 10b ($22,931).”