Ps Is 111 Parent Teacher Association Inc

“Our tax year 2021 return is amended to correct mistakes uncovered during a financial review. The differences are primarily due to classification errors, improper reduction of net assets from asset purchases, and miscounting certain cash flows as revenue and expenses. Changes: Income lines 1, 2 (book fair previously classified as contribution), 3 (missing interest added), 4 (sales of auction items), 5 (expense associated with sold auction items), 9; Expense lines 16 (see revised itemized expense statement) & 17. Changes to net assets lines 18, 20, 21; Part II, Balance Sheets, lines 24 (+$750 correction to properly reflect amounts in financial accounts), 24 (see attached explanation), 25, 26; Part III, Statement of Program Service Accomplishments, to reflect corrected expenses and to better describe the programs; Schedule A, Part III, lines 1 (to reflect corrected contributions), 3 (auction & book fair moved from contributions), 5, 6, 9, 10a (included missing interest income), 13. The statement of itemized expenses has been corrected.”

“Description;Amount^Books for Classroom Libraries;1146|Read a Thon Prizes;159|Supplies for Girls Leadership Club;325|Staff and Volunteer Appreciation;1668|AC Units for Classrooms;15520|Payment Processing and Bank Fees;114^Total;18932^”

“Value of Scholastic Catalog credit earned in prior years, which were previously incorrectly excluded from the organization's net assets.”

“Description;EOY Amount^Scholastic Catalog Credit;3629|Donut Fundraising Gift Certificates;4500^Total;8129^”