The Muse Machine Inc

“Sharon and douglas scholz fund is for the exclusive purpose of providing annual, unrestricted operating revenue for the organization as determined by the board of trustees. Sara exley memorial fund was established for the exclusive purpose of supporting cultural enrichment and professional development programs to emphasize the value and encourage the practice of arts in education for the organization's teachers of pre-kindergarten through twelfth grade students. Lorna dawes student education fund was established for the exclusive purpose of providing annual, unrestricted operating revenue for the student programs. Muse machine musical endowment fund (honoring nat horne and david dusing) was established for the exclusive purpose of providing annual, unrestricted operating revenue for the musical. Cherie mescher scholarship fund was established to provide an annual scholarship for students in the centerville city schools in the amount of $500 per year. Suzy and pino bassani endowment fund was established to provide annual, unrestricted operating revenue to enhance the activities, programs and operations of the organization. Hampden w. And erma r. Catterton funds are held in a perpetual trust entitled the muse machine trust fund. See note 7 for additional information.”

“Accounting standards require the evaluation of tax positions taken, or expected to be taken, in the course of preparing the organization's tax returns, to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. This statement provides that a tax benefit from an uncertain tax position may be recognized in the financial statements only when it is "more-likely-than-not" the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based upon the technical merits and consideration of all available information. Once the recognition threshold is met, the portion of the tax benefit that is recorded represents the largest amount of tax benefit that is greater than 50 percent likely to be realized upon settlement with a taxing authority. No significant uncertain tax positions exist as of june 30, 2020.”

“Change in value in beneficial interest in assets held by others 40,960. In kind 29,405. Cost of goods sold 1,796. Rounding -1.”

“In kind services 29,405. Cogs 1,796.”