Wisconsin Preservation Fund Inc Bruce T Block

“The form 990 is reviewed by the president prior to submission. All board members were given the opportunity to review the form 990 at some time during the year.”

“The governing documents are available upon request at the address listed on the form 990.”

“Volunteers serve as officers and members on the board of directors and committees.”

“The process has not changed from prior years.”

“The march 31, 2025 financial statements reflect a number of prior period adjustments. Those adjustments are noted below and shown as a prior period adjustment on the 990. Note receivable were increased for loans that were disbursed in the prior year directly from a municipality to the final borrower. The notes are receivable by the organization and therefore resulting in an increase of $4,021,577 to the beginning net assets without donor restrictions. The present value discount on loans receivable, additional loans required to be discounted to present value resulting in a decrease of $4,561,852 to the beginning net assets without donor restrictions. An adjustment had to be made for the implementation of the current expected credit loss (cecl) standard being implemented, resulting in a decrease of $1,244,293 to the beginning net assets without donor restrictions. Our opinions are not modified with respect to these matters. Promises to give had not been recorded at march 31, 2024, resulting in an increase of $33,333 to the beginning net assets without donor restrictions. Grants payable had not been recorded at march 31, 2024, resulting in a decrease of $136,800 to the beginning net assets without donor restrictions. A deposit at march 31, 2024 had been recorded twice, resulting in a decrease of $25,000 to the beginning net assets without donor restrictions. Accruals were deemed to have been adjusted in error at march 31, 2024 resulting in a decrease of $16,668 to the beginning net assets without donor restrictions. A reclassification in the amount of $61,517 from beginning net assets with donor restrictions to net assets without donor restrictions was made in relation to the grunau memorial project and funds that had been expended as of march 31, 2024.”