Spnea Connecticut Inc

“As allowed by accounting principles generally accepted in the united states of america and in conformity with the practices followed by many organizations, the society has not capitalized its collection of heritage historical properties and other collection items purchased or donated. The collection is held for public exhibition and education rather than for financial gain. The society 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. The society has established a policy whereby proceeds from items deaccessed are utilized to acquire other items for collection.”

“Spnea connecticut is a museum of cultural history, the purpose of which is to preserve, protect and interpret through public programs connecticut heritage properties and collections. The organization's heritage properties in connecticut include the bowen house/roseland cottage located in woodstock, ct. The museum properties offer tours for the public,help to keep history alive and, provide 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. 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.”

“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.”