Spnea Connecticut Inc

“Certain properties are recorded at cost if purchased or at the appraised value on the date of receipt, if acquired by gift or legacy, except for five properties, which are carried at zero value, as no historic costs or appraised valuations exist. No provision for depreciation is recorded for these properties. All expenditures for repairs, maintenance, renewals, and betterments are presented as a reduction in the appropriate class of net assets. As allowed by accounting principles generally accepted in the united states of america and following the practices of many libraries and museums, the organization has not capitalized its collection of items of historical nature and other related objects purchased or donated, with the exception of properties. The collection is held for public education or research in furtherance of public service rather than financial gain. The organization continually reviews its collection and may deaccess or acquire additional items. Expenditures for additional collection items are presented as a reduction in the appropriate class of net assets.”

“Spnea connecticut is a museum of cultural history which collects and preserves buildings, landscapes, and objects dating from the seventeenth century to the present and uses them to keep history alive and to help people develop a deeper understanding and enjoyment of new england life and appreciation for its preservation. Spnea connecticut's properties are part of historic new england's collections which comprise the largest assemblage of new england art and artifacts in the country, an extraordinary broad collection of more than 110,000 objects of historical and aesthetic significance. These collections help people understand the region's heritage through the possessions of those who lived here, and appreciate the ingenuity, craftsmanship, and style of the region. In addition, the historic new england library and archives include more than one million items that document new england's architectural and cultural history - photographs, architectural drawings, ephemera, manuscripts, family papers, and books.”

“Management annually reviews for uncertain tax positions along with any related interest and penalties, and believes that the organization has no uncertain tax positions that would have a material adverse effect, individually or in the aggregate upon the organization's statement of financial position, or the related statements of activities, or cash flows.”

“Cost of goods sold 2,258.”

“Cost of goods sold 2,258.”