Balarat Council

“This amended return reflects a change due to an error in the initial filing of the 2023 Form 990-EZ. Specifically, our organization underwent a re-characterization of some of our assets due to a transfer of some assets to The Denver Foundation, a community foundation which holds these assets as an endowment fund in which the Balarat Council now shares a beneficial interest in assets. The specific Form 990-EZ lines that have been amended are Lines 16, 17, 18, 20, 21, 22, 24, and 27, as well as the explanation on Schedule O.”

“Other expenses were direct support to the Balarat Outdoor Education program as follows: $3253 for staff recognition items, $932 for Student Journal Purchases, $216 for Bird Box Installations, $750 for Staff Professional Development, $371 for online account fees, $1435 for student apparel items, $2031 for planetarium installation costs. A large expense of $25,000 was for our initial contribution to our new endowment fund held by The Denver Foundation, with our organization as the beneficiary of future distributions from this asset.”

“This amount reflects a beneficial interest in assets held at The Denver Foundation, a community foundation which holds these assets as an endowment fund in which the beneficiary is the Balarat Council. This is a new endowment that was created and invested in December 2023.”

“This is the amount of a beneficial interest in assets held at The Denver Foundation, a community foundation which holds these assets in an endowment fund that the Balarat Council is a beneficiary to. The amount is made up of $25000 that our organization transferred to the community foundation to make an initial investment, as well as $409 in change in value by the end of the tax year.”