Blackwater River Foundation Inc

“We received a letter indicating a filing for the 2022 tax year was not received by the IRS. The documents had been sent via mail but to ensure receipt by the IRS and to ensure we are in compliance, this electronic filing is being submitted. In the process of preparing the online form we discovered a clerical error in the calculations. These errors have been corrected in this online submission of 990-EZ for 2022.”

“A $10,000 grant in aid was paid to the Santa Rosa Historical Society to assist in the restoration of the Finkelstein House purchased from BRF, Inc. in 2022.”

“Incorrect value used in calculation on form resulted in over-valuation of budget deficit for the year. Value of loss was 10,305 but the value of 13,005 was typed into the form. This is being corrected by deducting the difference (-2,700) between 13,005 and 10,305 from the reported fund balance. The change in net assets was not included for line 20 in error. Changes in valuation of land and buildings at the time of sale are reflected in the increase in net assets. These errors are corrected in the revised form.”

“Part 2. Other Assets - Jones House loan payable (23,014), Finkelstein Loan payable (70,818). Cash Savings - deposit of loan payments, property sale proceeds. Land and Buildings - Sale of Finkelstein House - value transferred to other assets as a loan payable to BRF, Inc. remaining land value represents 0.95 acre lot owned by BRF, Inc.”